Bloomberg
Euro-region finance ministers shifted the focus away from the near-term crisis management with a decision last week that the permanent said mechanism to be set up in 2013 will be able to lend 500 billion euros ($675 billion), twice the amount of the ...
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More euro trouble brewing in Portugal, Ireland
TMCnet
"The eurozone debt and banking crisis could be entering a fresh phase and the markets are particularly vulnerable to disappointment given there's seemingly no consensus in the EU about what to do resolve the crisis, as well as opposition to the ...
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Leaders wary of eurozone competitiveness pact
AFP
Leaders of the 17-member eurozone will hold a special Brussels summit on March 11 on the proposed pact aimed at reinforcing policy coordination at a time when the bloc is battling a debt crisis. The move has raised eyebrows among the 10 EU members who ...
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ECB's Mersch: EU Bailout Fund Should Be Flexible, Opposes Debt Brake - Paper
Automated Trader
Mersch, who is also governor of the Luxembourg central bank and is seen as a possible successor to outgoing ECB President Jean-Claude Trichet, said that the euro is not facing a crisis of credibility. He called on euro zone member countries to work ...
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Trichet: Price Stability Vital
Wall Street Journal
... the EU and the International Monetary Fund, as yields on Portuguese government bonds have reached a level that many think is unsustainable. Mr. Trichet repeated the current sovereign debt crisis in the euro zone isn't a crisis of the euro itself, ...
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Irish voters set to oust govt
Channel News Asia
DUBLIN: Ireland's government is set to become the first to fall victim to the EU debt crisis in Friday's general election, three months after it was forced to accept an international bailout. Voters look certain to dump the eurozone country's ...
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The bank guarantee: a mistake we must fix
Irish Independent
What began in 2008 as a deficit crisis with illiquid banks became successively a debt crisis with insolvent banks and finally a State-plus-banks liquidity crisis with resort to official lenders. This system-wide liquidity crisis continues three months ...
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Irish Independent
Banks just too big to fail? Iceland shows otherwise
New Zealand Herald
Ireland also couldn't devalue its currency because it is part of the euro zone. Still, countries with larger banking systems can follow Iceland's example, says Adriaan van der Knaap, a managing director at UBS. "It wouldn't upset the financial system," ...
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Earnings, inflation risks start to mount
Sydney Morning Herald
"It doesn't take into account risks hovering over the euro zone sovereign debt problem and related risk on the banks. In the short term there's a money flow that could reverse," he said. The euro zone sovereign debt crisis certainly is lingering, ...
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New Franco-German detente proves divisive for Europe
Sify
One possible direction for the euro zone to take was gradual dissolution, with individual countries either being expelled or choosing to opt out of the euro thereby giving themselves the ability to devalue their currency. But for the EU, the break-up ...
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Fuzzy compromise threatens relevance of G-20
Atlanta Journal Constitution
... Luxembourg's Economy Minister Luc Frieden share a word during a meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Feb. 14, 2011. European ministers face a potential flare-up in the euro's debt crisis when they ...
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Atlanta Journal Constitution
Germany should not be allowed to call the shots any longer
Irish Independent
Continue with these austerity policies and the euro will collapse. Yet Brussels remains ignorant of this reality. As Costas Lapavitsas, a Greek economist, said: "Ireland must come to the realisation that being in the eurozone with its current structure ...
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Euro crisis and eurozone economic governance: Fourth media roundup ...
By Grahnlaw
On 7 February 2011 Bruegel published its policy brief 2011/02 'A comprehensive approach to the Euro-area debt crisis' (8 pages), by Zsolt Darvas, Jean Pisany- Ferry and André Sapir, who place no small order: ...
Grahnlaw Suomi Finland - http://grahnlaw.blogs.fi/
Leaders wary of eurozone competitiveness pact | www.bullfax.com
By marketmaker
Eurozone sets March 11 debt crisis summit. The leaders of the 17 nations that share the euro will hold a special summit on March 11 to hammer out a plan of action to prevent future debt crises, EU president Herman Van Rompuy said ...
Bullfax.com - Market News & Analysis - http://www.bullfax.com/
The Irish Economy » Blog Archive » Dodgy banking assets and the ...
By Kevin O'Rourke
The gross financial liability of the State, when items such as Nama bonds, promissory notes issued to the banks, and emergency liquidity operations conducted by the Irish Central Bank are added to the gross Exchequer debt, .... Many EU financial institutions can access funds cheaply, indicating a systemic crisis is not felt to be imminent. Neither have core countries' bond rates risen steeply, indicating it's felt a eurozone crisis can be averted affordably. ...
The Irish Economy - http://www.irisheconomy.ie/
A € for your Thoughts (3): Mr Bini Smaghi on European Fiscal Union ...
By fmpdea
The experience of the recent crisis shows that the deficit and debt levels of several countries, some of them with federal systems, others centralised, have increased even further than in some countries of the euro area. ...
Place du Luxembourg - http://placeduluxembourg.wordpress.com/
Sanctions better than debt brakes: ECB's Mersch | Financial News
By Yahoo Financial News
Writing debt limits into national laws is part of a controversial six-point plan put forward by Germany to boost economic coordination in the euro zone as the bloc zeroes in on a comprehensive package to solve its sovereign debt crisis. ...
Financial News - http://finance.blogrange.com/
Sanctions better vs constitutional debt brake-ECB's Mersch ...
By Apostolos Papapostolou
He said the euro zone was not facing a crisis of the euro as a currency but a fiscal crisis in several countries which need to take tough measures to tackle their problems. Mersch reiterated the ECB's call for a larger and more flexible European Financial Stability Facility (EFSF) as well as tougher euro area rules “to avoid fiscal profligacy and excessive debt.” “More ambition than is contained in the EU Commission's current proposal for reform is warranted. ...
Greece.GreekReporter.com Latest... - http://greece.greekreporter.com/
Lessons have been learnt — and then quickly forgotten | Stephen ...
By Stephen
Last February: the EU Commission approved Nama; the Government did a U-turn on taxing the bonuses of higher- paid civil servants; the expert group on addressing the household debt crisis was formed; Aer Lingus wouldn't give Ryanair ... The papers in February 2010 were full of fury at the banks' and Nama's forbearance for, and bailouts of, builders and developers; the Greek economy was still the bad boy of the eurozone; Ireland was still in the good books of the boys and ...
Stephen Kinsella - http://www.stephenkinsella.net/
Raising Wages Would Be 'Stupid,' Trichet Says
By The Huffington Post News Editors
Financial Crisis. (Reuters) - European Central Bank President Jean-Claude Trichet warned on Sunday against raising wages in the euro zone as inflationary pressures heat up in the bloc. "It would be the stupidest thi. ... Euro Zone Could Buy Back Strapped Countries' Debt. (Reuters) - European leaders should not shy away from a proposal to buy back the bonds of troubled euro member states but should not... Read more from Huffington Post bloggers: ...
The Huffington Post | Full News Feed - http://www.huffingtonpost.com/thenewswire/
What fiscal rule for EU members? | vox - Research-based policy ...
At the February 2011 European Council meeting, Angela Merkel and Nicolas Sarkozy called on their Eurozone counterparts to sign up to a new pact for closer economic coordination. ... Finally, and most important, a zero-structural- deficit rule turns out to be too tight, leading to the abolition of the public debt in the long run. But fiscal sustainability does not imply anything like that, since debt is a valuable source of funding for capital-account expenditures and the ...
VoxEU.org: Recent Articles - http://www.voxeu.org/
Bernanke's REAL Legacy: Helping Goldman Sachs Fleece Us All | zero ...
By Phoenix Capital Research
Prepare to see an Ivy-league educated guy who's in charge of our monetary system NOT see the biggest housing bubble in US history OR the worst financial crisis since the '30s (an era on which he is an alleged expert). However, to focus on Bernanke's .... Also, our team analyzes the current acceleration of the Eurozone emergence process and its implications for the Euro and the situation in Europe. Finally, we give our recommendations regarding all these events. ...
zero hedge - on a long enough... - http://www.zerohedge.com/fullrss2.xml
::News4u:: » Background Note: Poland
By admin
The international community supported the Balcerowicz Plan with debt restructuring and fresh loans. With stability restored, Poland was able to offer its well-educated, low-wage workforce, its position in Europe's center, .... Despite the setback, Poland has weathered the global crisis as well as any country in Europe. It was the only country in the European Union whose economy grew in 2009, with estimated growth of 3.8% in 2010 and 3.5 – 4.3% expected in 2011. ...
::News4u:: - http://news4u.co.in/
Putin's Peak - Sergey Egishyants
Eurozone's current account balance has deteriorated in December, and that of foreign trade - improved a bit; business confidence in France began to ebb by the late winter. January discounts have moderated inflationary pressures - but not ... However, foreign trade is so far only available for December - when the surplus soared to $15.4 billion (during the crisis it was slightly higher than that only in January 2010); in general, for 2010 trade surplus amounted to $151.6 ...
Аналитика Ай Ти... - http://www.itinvest.ru/
EU leaders to meet in Finland on debt crisis
... 15 (Reuters) - Finland will host a meeting of 14 European Union leaders, ... 4 to help prepare a comprehensive response to the euro zone debt crisis. ...
www.reuters.com/.../eurozone-leaders-helsinki-idUSLDE71E0...
EU Delays on Bailout Blueprint Poses Euro Risk, Portugal Says
... his euro-area counterparts' foot- dragging on a plan to end the debt crisis, ... in Brussels today before a meeting of European Union finance ministers. ...
www.sfgate.com/cgi-bin/article.cgi?f...LGMIJA0UQVI901...
Comments on The euro area's debt crisis: Hopes raised, punches ...
... set to fudge the latest test of their resolve. The euro area's debt crisis .... Staying in the EUROZONE and by extension EU for Greece is now all but ...
www.economist.com/node/18114793/comments
FACTBOX-Coming events in euro zone debt crisis | Reuters
Feb 17 (Reuters) - Following are upcoming events linked to the debt crisis in the euro zone: IRELAND: -------- GOVT DEBT SUPPLY: -- Ireland drew down the ...
www.reuters.com/.../eurozone-events-idUSLDE66D1JB20110...
Eurozone debt crisis: The calm before the storm — EU business news ...
You are here: Home → Breaking news → Eurozone debt crisis: The calm before ... of the euro area but they are not a silver bullet to end the sovereign debt ...
www.eubusiness.com/news-eu/finance-economy.8ja
Eurozone Debt Crisis, U.S. Economic Policy Not Likely to Cause ...
The Eurozone debt crisis and U.S. economic policy continue to draw speculation ... Flooded with conflicting news about which currency, the euro or the U.S. ...
moneymorning.com/.../eurozone-debt-crisis-u.s.-economic-po...
Bailout fears for Portugal as European debt crisis returns ...
Portugal becomes latest eurozone member to be threatened by speculative attacks in the bond .... Debt crisis: EU leaders announce €70bn plan to protect euro ...
www.guardian.co.uk/.../european-debt-crisis-threatens-portuga...
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/.../UPDATE_1_EU_leaders_to_meet_in_Finla...
Eurozone Debt Crisis: The Calm Before the Storm « Surviving ...
Inquiring minds are left wondering just how bad this coming 'Euro Debt' storm will be since reading EUbusiness' “Eurozone Debt Crisis…” The Eurozone is ...
survivingcalifornia.wordpress.com/.../eurozone-debt-crisis-the...
XE.com - FACTBOX-Coming events in euro zone debt crisis
meet to prepare a comprehensive response to eurozone debt. crisis. -- March 11 - - Euro zone summit in Brussels to prepare for. full EU summit on March 24. ...
www.xe.com/news/2011-02-15%2006:26:00.../1703049.htm
Eurozone Crisis, U.S. Policy Won't Likely Cause Currency Collapse ...
The Eurozone debt crisis and U.S. economic policy continue to draw ... of debt - and how the incessant borrowing will affect the euro and U.S. dollar. ...
seekingalpha.com/.../252322-eurozone-crisis-u-s-policy-won-t...
tehran times : Eurozone debt crisis: The calm before the storm
Eurozone debt crisis: The calm before the storm ... of the euro area but they are not a silver bullet to end the sovereign debt crisis once and for all.” ...
www.tehrantimes.com/Index_view.asp?code=235607
Sovereign Debt Crisis | China
However, a hands-off approach to the euro-zone crisis could lead to accusations of a lack of ... Tags: Chinese investments, EU, euro, sovereign debt crisis ...
chinatrade.foreignpolicyblogs.com/tag/sovereign-debt-crisis/
Tackling the Debt Crisis : Ministers Agree To 500-Billion-Euro ...
Euro-zone finance ministers have agreed to effectively double the volume of the ... are hoping to agree at two summits in March to resolve the debt crisis. ... EU officials are worried that the current fund may not be big to cope if ...
www.spiegel.de/international/europe/0,1518,745620,00.html
'Euro-pragmatic' Berlin flexes muscles as EU debt crisis drags on ...
'Euro-pragmatic' Berlin flexes muscles as EU debt crisis drags on ... Meanwhile, the euro's value plummeted as global markets punished the entire eurozone ...
www.dw-world.de/dw/article/0,,14810901,00.html
Euro zone economy grows tepid 0.3% | EU Debt Crisis
Eurostat, the EU's statistics office, reported that the 16 countries that were using the euro at the end of 2010 - Estonia only joined in euro zone in ...
www.theage.com.au/.../euro-zone-economy-grows-tepid-03-2...
The Geopolitics Of The Euro Zone Debt Crisis
The raison d'être behind the formation of the EU and the euro zone ... The valuable, but often ignored, lessons of past sovereign debt crises ...
www.fxstreet.com/.../the-geopolitics-of-the-euro-zone-debt-cri...
Eurozone sets March 11 debt crisis summit - Beverly Hills Courier ...
Pummelled by a debt crisis last year that forced multibillion-euro bailouts of Greece and Ireland, the eurozone is seeking ways to shield the single ...
www.bhcourier.com/article/World_News/.../74565
P R E S S
27 are fully convinced that the stability of the Eurozone is in the core ... we want to finally turn the page on the debt crisis and create the basis for .... the euro area where the level of interdependence and spillovers are very ...
www.consilium.europa.eu/uedocs/cms_data/.../119231.pdf
Why the Eurozone rescue fund is large enough | www.bullfax.com
Europe divided over expanding euro crisis fund. Eurozone finance ministers meet Monday divided over growing calls to expand a debt rescue fund to bury ...
www.bullfax.com/?q=node-why-eurozone-rescue-fund...
Euro crisis and eurozone economic governance: Fourth media roundup ...
Euro crisis and eurozone economic governance: Second media roundup ... revising EU assistance facilities and restructuring of public debt where needed; ...
grahnlaw.blogs.fi/.../euro-crisis-and-eurozone-economic-gove...
Germany, France under attack for EU austerity plan | EurActiv
... retirement ages and lock debt limits into national constitutions across the euro zone. ... Belgium, whose caretaker government can ill afford a social crisis, ... Italy, which has the EU's second highest debt-to-GDP ratio after Greece, ... that had little or nothing to do with the causes of the eurozone crisis. ...
www.euractiv.com/.../germany-france-attack-eu-austerity-plan...
Eurozone Sovereign Debt Crisis: European Central Bank returns to ...
Eurozone Sovereign Debt Crisis: The European Central Bank on Thursday ... We are experiencing a crisis of some sovereign signatures in the euro area, ...
www.finfacts.ie/irishfinancenews/article_1021614.shtml
More euro trouble brewing in Portugal, Ireland - KansasCity.com
Summary Box: Europe wrestles over euro crisis ... "The eurozone debt and banking crisis could be entering a fresh phase and the markets are particularly ...
www.kansascity.com/.../more-euro-trouble-brewing-in-portug...
Eurozone Debt Crisis – Again the Main Topic | FX Trading Blog ...
Eurozone Debt Crisis – Again the Main Topic. by Liviu on February 14, ... pressure as the Euro-zone debt problem is again the main topic ahead of finance ...
www.innerfx.com/.../eurozone-debt-crisis-again-the-main-topi...
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