EurActiv
European Commission President José Manuel Barroso called the euro area's plan to create a permanent debt-crisis mechanism "indispensable" for financial stability in Europe. He commented after the Commission, the European Union's executive arm, ...
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Analysis: Europe debt deal to embolden stock value-hunters
Reuters
By Simon Jessop LONDON (Reuters) - European stocks are cheap compared with US peers and January's fund flows stateside are set to reverse if euro zone leaders succeed in their mission to end the regional debt crisis. The risk of a sovereign default, ...
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Austria finmin: March debt deal may take pressure off EFSF
Reuters
BRUSSELS Feb 15 (Reuters) - If the European Union can agree a comprehensive package to deal with the debt crisis during March, that may remove pressure to strengthen the euro zone's temporary bailout fund, Austria's finance minister said. ...
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Hopeful signs in Spanish, Greek debt auctions
Reuters
"The market is looking forward to the EU summit in March. There is positive sentiment and expectations for a solution to the debt crisis from EU authorities," he said. In a previous sale of 3-month T-bills on Jan. 18 Greece paid a yield of 4.1 percent. ...
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Permanent EU fund to have 500 bln euro capacity - Rehn
Reuters
Rehn also said a stronger EFSF, the temporary bailout mechanism, should be part of a comprehensive package to tackle the euro zone debt crisis that EU leaders are expected to agree by the end of March.
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Danish public divided over support to euro zone debtors, analysts question ...
Xinhua
But Danish analysts are questioning the wisdom of bigger support packages to euro zone countries facing a sovereign debt crisis. The poll, commissioned by Denmark's Jyllands-Posten newspaper, and conducted by Ramboell Analyse, a consultancy, ...
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EU's Barroso: Commission Backs Treaty Change For Bailout Fund
Wall Street Journal
BRUSSELS (Dow Jones)--European Commission President Jose Manuel Barroso said Tuesday the commission endorses the wording of a change to the European Union's treaty aimed at allowing the creation of a permanent bailout fund for members of the euro zone. ...
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Portugal calls for EU rescue fund flexibility
Financial Times
By Peter Wise in Lisbon Portugal has criticised the European Union for delays in making the eurozone's €440bn financial rescue fund more flexible as the country's borrowing costs reached new euro-era highs. The call to speed up planned improvements to ...
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Long live Europe, but which one?
Kathimerini
The sovereign debt crisis has been a major catalyst in this, but the Union faces much wider challenges than just how to deal with debt and deficit problems. Although one EU government after another has been cutting its spending and trimming the fat ...
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Conservative EU leaders to meet on debt in Helsinki
MSN Philippines News
Euro leaders want to gather ahead of a full summit of the European Union's 27 nations March 24-25, due to take firm decisions on the size, shape and scope of a permanent rescue mechanism in response to the debt crisis that saw bailouts for Greece and ...
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Greece to stay in recession for 3rd straight year
The Associated Press
Greece has pledged to bring its budget deficit below the 3 percent eurozone limit, from 15.4 percent in 2009. The debt crisis, which broke out in late 2009, has left the country reliant on the IMF/EU bailout loans and essentially locked out of the ...
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Europe Finance Chiefs Delay Decision on Increasing Bailout Fund
New York Times
“The discussions are taking longer than desirable, and delays and hesitations affect the euro zone and the stabilization of the euro,” he said Tuesday after a meeting of ministers from all 27 European Union countries. The German finance minister, ...
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Goodbye Mubarak, Hello Debt Crisis
Seeking Alpha
Namely, the euro debt crisis. Lately the euro itself has come under some pressure again, which is actually not really logical given that money supply growth in the euro area has tapered off mightily compared to money supply growth in the US However, ...
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Non-US Banks Stock Update - Feb. 2011
Zacks.com
In early 2010, the debt crisis originating in the Greek economy shook the stability of the European Union's (EU) monetary policies. Starting as a solvency crisis in a single country, the turmoil threatened the entire Euro-zone. ...
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As Austerity Cuts Bite in Portugal, Discontent Grows
Wall Street Journal
Economists say Portugal can't sustain such high costs for its debt for long, and unless European leaders agree on a new framework to tackle the euro-zone crisis in a meeting in early March, the country will have to follow in the footsteps of Greece and ...
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Germany rejects targeting of trade surplus
The Associated Press
The European Union is also trying to even out trade imbalances within the eurozone, claiming they helped fuel bubbles in deficit countries and contributed to the debt crisis that has crippled the region over the past year. ...
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'EU divided on economic measures'
Press TV
EU leaders have failed to narrow down their differences over a broad package of measures drafted to fight fiscal crisis in the bloc as the deadline looms for a deal. The European Union finance ministers met in Brussels on Tuesday to try to reach an ...
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Press TV
A fund made to save the euro
eYugoslavia.com
But, they also said that it does not mean that fight for ending the eurozone debt crisis should be ended. What the ministers have agreed on till now is that the provisional amount in the fund is going to be revised every year. ...
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eYugoslavia.com
Morning Mantra: FX Markets Still Very Much Central Bank Driven
India Infoline.com
Euro held up reasonably well against the USD, despite both the PIIGS debt problems and the economic picture provided a warning signal about the EU region as a whole. Euro-zone gross domestic product rose 0.3% in the fourth quarter from the previous ...
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Athens vs. Helsinki: EU Socialist and conservative leaders to hold pre-summit ...
EUobserver.com
... and to strategise ahead of the 24-25 March regularly scheduled Spring EU Summit, the deadline the bloc has set itself to come up with a "comprehensive solution" to the debt crisis that has bludgeoned many of the eurozone's peripheral members for ...
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Daily Forex Summary on USD, Euro, GBP, JPY and AUD
International Business Times
Euro Zone officials discussed the basis for a "comprehensive package" to be finalized in late March, that many hope will help resolve the year-long European debt crisis. However, while the framework is a strong first step, investors remain skeptical ...
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Analysis - Coalition the more stable option for Ireland
Reuters UK
Ireland's February 25 parliamentary election is the first in Europe to be dominated by the euro zone debt crisis and the centre-right Fine Gael party and the centre-left Labour party have been trading blows over how to deal with a controversial EU/IMF ...
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EU finance ministers bow to Germany and France over competition clause
CFO World UK
EU ministers are working on a comprehensive set of measures in a bid to tackle the euro zone debt crisis. These measures, which are due to be finalised by 24-25 March, will include a permanent anti-crisis mechanism to ensure the future financial ...
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Eurozone economy grew 0.3 per cent in Q4
domain-B
Analysts say the fourth quarter growth indicates the eurozone expanded by 1.7 per cent in 2010, exceeding expectations of many people who a year ago, had seen Europe's debt crisis explode with concerns amid Greece's ability to pay off its mountain of ...
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Recession still gripping Greek economy
AFP
Eurozone leaders will hold a summit on March 11 before another meeting of heads of state and government from the entire, 27-nation EU on March 24-25 to agree on the permanent crisis fund and ways to coordinate economic policies. The EU bailed out ...
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George Kerevan: Trichet's succession is thrown into the melting pot
Scotsman
However, Europe as a whole remains hobbled by the aftermath of the financial crisis and the need to restructure public debt. Portugal's economy contracted by 0.3 per cent in the last quarter of 2010 and Greece is forecast to shrink by 1.2 per cent. ...
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Analysis: Davos tries to rein in global chaos
The New Age Online
The euro zone is being tested in the crucible of stronger members like Germany and France having to rescue Greece, Ireland and Portugal from the scourges of sovereign debt. Monetary union is not sufficient to meet the challenges of fiscal ...
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Vecer Says EU Leaders Losing Credibility over the Euro
STA - Slovenska Tiskovna Agencija (subscription)
Maribor, 16 February (STA) - With each new meeting and document on how to solve the debt crisis of certain eurozone countries the credibility of politicians in EU countries and Eurocrats in Brussels drops another notch, daily Vecer says in Wednesday's ...
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Bulgaria Constitutional Spending Cap to Help Euro, Finance Minister Says
Bloomberg
German Chancellor Angela Merkel has called for debt caps in national constitutions modeled on those adopted by Germany in 2009 as the euro region struggles to contain a sovereign debt crisis and seeks to rebuild investor confidence. ...
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3067th Economic and Financial Affairs Council meeting
DeHavilland (press release) (subscription)
... The Council held a first discussion on a package of legislative measures intended to strengthen economic governance in the EU – and more specifically in the euro area – in order to face up to the challenges posed by the sovereign debt crisis. ...
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A look at economic developments around the globe
Forbes
Like the G-20, the European Union is trying to even out trade flows, claiming that large surpluses by some eurozone nations helped fuel bubbles in deficit countries and contributed to the debt crisis that has crippled the region over the past year. ...
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Eurozone grows 0.3% in last quarter, 1.7% in 2010
Radio Netherlands
A man looks at a poster of the euro in Radosina, Slovakia. The eurozone economy grew by a feeble 0.3 percent in the fourth quarter, official data showed Tuesday, amid fears fragile nations will lack the strength to overcome an unrelenting debt crisis.
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Radio Netherlands
The euro crisis shows starkly that power in the European Union has ...
By y2009k
The balance of power between the Franco-German pair that have dominated EU policymaking has shifted across the Rhine. The euro-zone debt crisis, during which all eyes have been on Germany, exposes this cruelly. ...
European Dialogue - http://eurodialogue.org/
EU debt talks still 'a building site' « Eurasia Review
By EurActiv
Finland will host a meeting of 14 European Union leaders, including Germany's Angela Merkel and France's Nicolas Sarkozy, on 4 March, to help prepare the comprehensive response to the eurozone debt crisis. ... The 11 March talks in Brussels are supposed to pave the way for an agreement on 24-25 March on a package to boost the euro zone's current rescue fund – as well as making it permanent from 2013 onwards – and on reforms to boost competitiveness. original article ...
Eurasia Review - http://www.eurasiareview.com/
The Future of the EU: Shaping economic governance » TripleCrisis
By Daniela Schwarzer
The willingness of the governments to accept more integration at the cost of national sovereignty erodes as the initial shock of the crisis fades away. But still, the governance architecture of the EMU is likely to change. ... This spring, several measures applying only to the euro area will be decided, the most prominent being the so-called European Stability Mechanism that is to solve sovereign debt crises when the current emergency agreements run out in 2013. ...
TripleCrisis - http://triplecrisis.com/
Analyst Interviews: Non-U.S. Banks Stock Update
By Zacks Investment Research
In early 2010, the debt crisis originating in the Greek economy shook the stability of the European Union's (EU) monetary policies. Starting as a solvency crisis in a single country, the turmoil threatened the entire Euro-zone. ...
DailyMarkets.com - http://www.dailymarkets.com/
EU-IMF Brazenness: Rehn rejects prospect of bondholder 'haircuts ...
By Infowars Ireland
ARTHUR BEESLEY, European Correspondent, in Brussels The Irish Times Wednesday, February 16, 2011 EURO ZONE finance ministers have eliminated the. ... Mr Rehn was speaking after finance ministers from the 17 single currency countries and ministers from the 10 non-euro countries gathered to discuss how they might intensify the battle against the sovereign debt crisis. ...
Infowars Ireland - http://info-wars.org/
The bailouts: Let confusion be unconstrained… « The Cedar Lounge ...
By WorldbyStorm
We've seen that mindset again and again, where despite the nature of the crisis, the lack of a clear 'debt ceiling' as McGurk puts it, at any point, the orthodoxy has time and again been utterly convinced of the correctness of its own ... But the problem is general and in Germany, for example, the budget rules of the Eurozone were broken earlier than in countries like Ireland and there is widespread nervousness about the true condition of large parts of the German banking ...
The Cedar Lounge Revolution - http://cedarlounge.wordpress.com/
e-IR » Does the European Union Need an Army?
By Martin Mark Jones
With the list of prospective candidate countries shortening and the 17-member Eurozone caught in the midst of a sovereign debt crisis, the prospect of membership of the EU and thus the Euro, long held to be one of the Union's largest ...
e-IR - http://www.e-ir.info/
Euro Update(17): Eco-Fin Council – From EFSF to EMS and Portugal ...
By fmpdea
More debate will continue to take place until the Council of the EU meeting on March 25-26. Among other things are questions of whether the EFSF should be able to purchase debt in primary as well as secondary markets and the Franco-German Pact for Competitiveness, the most recent of such ... This entry was posted in Current Events, Euro-zone Update, European Interdependences and tagged EFSF, EMS , France, Germany, Intergovernmentalism, Portugal, Sovereign Debt Crisis. ...
Place du Luxembourg - http://placeduluxembourg.wordpress.com/
The Irish Economy » Blog Archive » Gormley On the Guarantee: The ...
By Karl Whelan
No other Eurozone country guaranteed existing bank debt and Denmark was the only one other country worldwide to do so during the crisis. paul quigley Says: February 16th, 2011 at 8:09 am. Craggy Island. .... The minister decided to ignore a 4 million Euro report and his own Senior civil servants. Lenihan has huge questions to answer. kwong Says: February 16th, 2011 at 9:29 am. So is he now saying that David McWilliams told Lenihan et al to Nationalise Anglo and implement ...
The Irish Economy - http://www.irisheconomy.ie/
The First Bondholders In Europe Have Faced A Haircut And It May ...
By Jeff Snider
Its bond purchases and bailouts are solely focused on financing each troubled sovereign until they can either solve their own problems, or the Eurozone economy heals itself enough to begin reducing debt loads through growth. ... Fleeing investors almost destroyed the Euro in mid-2010 as money poured out of the Euro and into the Swiss franc. That triggered massive currency interventions by the Swiss central bank. This kind of capital flight is still occurring in Ireland, ...
Business Insider - http://www.businessinsider.com/
progressive-economy@tasc: 'Job Pact', not 'Competitiveness Pact'
By progressive-economy@tasc
One interesting point relates to the newly fashionable idea that increased ' competitiveness' is the solution to the jobs crisis. Andrew notes that the Euro area has actually maintained a balanced trade account virtually throughout its ... Ireland of course has the second highest (http://www.finfacts.ie/ irishfinancenews/article_1021642.shtml) trade surplus in the whole of the EU. Ireland has many problems but competitiveness does not appear to be at the top of the list. ...
progressive-economy@tasc - http://www.progressive-economy.ie/
UPDATE 1-EU leaders to meet in Finland on debt crisis - CNBC
The EU and euro zone have been trying to get on top of the debt crisis for more than a year. The end of March has emerged as an unofficial deadline for ...
www.cnbc.com/id/41594987
FACTBOX-Coming events in euro zone debt crisis: Fidelity
FACTBOX-Coming events in euro zone debt crisis ... debt crisis. -- March 11 -- Euro zone summit in Brussels to prepare for full EU summit on March 24. ...
https://news.fidelity.com/news/news.jhtml?articleid...
UPDATE 1-EU leaders to meet in Finland on debt crisis
UPDATE 1-EU leaders to meet in Finland on debt crisis. * Meeting latest in series of pre-summit gatherings. * Pressure grows for euro zone debt deal by end - ...
fxnonstop.com/index.php/component/.../109234-myart78195
FACTBOX-Coming events in euro zone debt crisis – Reuters | Euro ...
FACTBOX-Coming events in euro zone debt crisis. Reuters Ireland drew down the first 5 billion euros of an 85 billion euro European Union/International ...
bankinformer.com/.../factbox-coming-events-in-euro-zone-de...
Save euro, save globalization
More importantly, the euro, established as the second international currency, ... The current eurozone sovereign debt crisis was partly the result of fiscal ...
www.chinadaily.com.cn/opinion/.../content_11980965_2.htm
FACTBOX-Coming events in euro zone debt crisis
FACTBOX-Coming events in euro zone debt crisis ... European Union is also trying to even out trade imbalances within the eurozone, claiming they helped fuel ...
features.rr.com/article/009RfvJ7j12tr?q=European+Union
European finance chiefs tussle over crisis plan - Associated Press
European ministers face a potential flare-up in the euro's debt crisis when they ... a word during a meeting of eurozone finance ministers at the EU Council ...
hosted2.ap.org/.../id-1302371139cf4092b2eb73a9037d5210
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