Reuters
The ECB has been vocal in its criticism of rating agencies in the aftermath of the financial and debt crises. It has said they hold too much influence over market behaviour and accused them of adding to the euro zone debt crisis by using a heavy-handed ...
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Spain hopes for stronger EFSF fund, Weber has doubts
Reuters
Those proposals and others on broader economic governance are expected to be included in a comprehensive package that EU leaders will discuss and hope to agree at a summit on March 24/25, possibly drawing a line under the year-long debt crisis. ...
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Merkel says EU could reconsider Greek bailout terms
Xinhua
However, Merkel's remarks were the first signal that the eurozone bloc may review the conditions they imposed on Greece, a country falling into a severe sovereign debt crisis. Merkel also said "there are still some more things for Greece to do," and ...
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Is the Bundesbank spoiling for a fight over the destiny of EMU?
Telegraph.co.uk (blog)
If Germany insists – as the FDP and the CSU demands, and Angela Merkel seems inclined to do for now – it more or less ensures that monetary union drifts from one crisis to another, at constant risk of disaster. It invites very lively bond action in ...
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Telegraph.co.uk (blog)
Strike cripples Greece as workers take to the streets
Sify
At the time, Germany hesitated over agreeing to European-led bailout measures during the Greek debt crisis. Papandreou pledged that his country would press forward with reform in sectors including education, healthcare and a greater crackdown on tax ...
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Super Mario: Europe's Next Top Banker May Be Italian
Spiegel Online
His opinions on the European crisis are not Mediterranean so much as Prussian. In a currency union it is "unacceptable that individual states should use the others," he said in an interview with the Frankfurter Allgemeine Zeitung. The euro zone ...
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Spiegel Online
ECB CRITICAL OF EU ECONOMIC REFORMS
Agenzia Giornalistica Italia
(AGI) Frankfurt - The ECB has criticized economic reform implemented by the EU to address the debt crisis as excessively timid. The ECB has said, "For the euro area it is necessary to envisage a more ambitious form of governance to ensure the ...
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Ireland of broken dreams
Financial Times
Whatever the future political landscape, the economic crisis shows no sign of ending. One aim of the three-year EU-IMF rescue plan was to contain the threat of contagion spreading to other eurozone countries. Another goal was to give the Irish ...
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Financial Times
Merkel Calling the Shots in Euro Zone
New York Times
By PAUL TAYLOR | REUTERS The euro zone's debt crisis has reshaped the way power works in the European Union, putting Germany in the driver's seat at the expense of the European Commission and other member states. Gone are the days when the exclusive ...
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EU scrambles in response to Beijing offensive
Business Standard
Post the 2008-financial crisis, it is China with its vast foreign currency reserves and continued strong economic growth that seems better placed to give the lectures and it has the resources to put its money where its mouth is. ...
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Joke candidate fights Ireland's 'shamrocracy' with gusto
AsiaOne
Prime Minister Brian Cowen's government agreed the 85-billion-euro (S$146-billion) bailout package with the International Monetary Fund and the European Union as a debt crisis threatened to engulf the eurozone country. Terry Gusto stands as a spokesman ...
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A look at economic developments around the globe
BusinessWeek
The warning comes as the European Union and its member states haggle over how to improve the so-called Stability and Growth Pact, whose caps on budget deficits and debts were never strictly enforced in the years leading up to the debt crisis. ...
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Merkel: Greek debt can be discussed in wider package | Greece ...
By Apostolos Papapostolou
German Chancellor Angela Merkel signaled that European Union leaders may be ready to renegotiate the terms of Greece's bailout as part of a broader package to shore up confidence in the euro. ... But she insisted that any changes to the Greek programme must be made as part of the package of measures to deal with the eurozone debt crisis due to be decided next month. “We are now thinking about this. Whether the Greek package is prolonged can only be decided in connection ...
Greece.GreekReporter.com Latest... - http://greece.greekreporter.com/
Semiconductor and electronics industry's pledges up 400% from ...
By admin
On the negative side, after a halt in federal discretionary spending, the dollar loses some value against the euro and yen. Europe: The European Financial Stability Facility was able to raise debt papers about 10 times more than it sought to raise for Ireland, to reach €43 billion. With this, the World Economic Forum is optimistic that the debt crisis in the eurozone will be resolved without contagion spreading to Spain or investors being forced to take unbearable losses. ...
Planters Development Bank - http://www.plantersbank.com.ph/
Lane on the Irish Crisis | Stephen Kinsella
By Stephen
Philip Lane writes on the Irish Crisis in this new paper (ht Geary Blog). All EC4024 and EC6012 students should download and read it carefully. Money. ... of the IMF/EU programme for Ireland, the size of the penalty premium built into the interest cost is arguably too stiff for a fund that is built on the principles of solidarity and common financial interests among members of the euro area, ...
Stephen Kinsella - http://www.stephenkinsella.net/
Rice Farmer: News Links, February 23, 2011
By Rice Farmer
Tuesday, February 22, 2011. News Links, February 23, 2011. -- Global economic meltdown -- ECB Doesn't Exclude Possibility of Euro-Zone Inflation Risk, Trichet Says · Japan's credit outlook is cut to negative by Moody's ... Greece might even have to reintroduce the drachma to overcome its debt crisis, they argue." One more savings bank shut down (SKorea). Mohamed El-Erian Says We Can Not Assume The Dollar Will Retain Its Reserve Currency Status ...
Rice Farmer - http://ricefarmer.blogspot.com/
Greek strike disrupts flights, cripples services | The Associated ...
By The Associated Press
Striking Teachers protest as they hold a banner against the IMF and EU during a 48-hour strike in central Athens on Tuesday, Feb. 22, 2011, with banner reading ,"We don't want the IMF or the EU, the people must take the situation into ... Minister George Papandreou's Socialist government faces international pressure to make more lasting cuts after the nation's debt-crippled economy was rescued from bankruptcy by the European Union and the International Monetary Fund. ...
Examiner RSS - http://washingtonexaminer.com/feeds/all/rss.xml
Forex news: the euro drops versus majors | Ecommerce Journal
By Petrony
The euro reached 1.2824 against the Swiss franc around 2:50 am ET and this set the lowest level for the single currency since January 31. The euro-franc pair is presently worth 1.2835 with 1.2770 seen as the next likely support level. The single currency depreciated by more .... It may be too late when America faces its problems like Europe faces its debt · Germany strongly supports euro zone, no Deutsche marks! ... Europe will hit the crisis and safe the European banks ...
Ecommerce Journal - http://ecommerce-journal.com/
Bank of China chairman says to "save euro is to save globalization ...
The following is the full text of his article titling "save euro, ... The current eurozone sovereign debt crisis was partly the result of fiscal misconduct ...
au.ibtimes.com/.../bank-of-china-chairman-save-euro-is-to-sav...
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