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| Group of 7 finance officials ignore calls for more unity on European debt crisis Washington Post That strategy was echoed by the EU's Monetary Affairs Commissioner Olli Rehn, who emphasized that the eurozone's most struggling economies — already bailed out Greece, Ireland andPortugal — had no choice but to cut their deficits and debts. ... See all stories on this topic » | ||
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| Euro's troubles help make it stronger New Zealand Herald By Brian Fallow For the past 18 months Europe has rarely been mentioned on the business pages without the words "debt" and "'crisis" nearby. Greece, Ireland and Portugal are on fiscal life support. Investors have also been looking through narrow eyes ... See all stories on this topic » | ||
| Analysis - No-growth austerity opens Portugal to contagion Reuters UK By Andrei Khalip LISBON (Reuters) - Portugal looks increasingly vulnerable to contagion from theGreek crisis, with even its tough austerity programme impeding the thing it needs most to tame borrowing costs -- a quick return to economic growth. ... See all stories on this topic » | ||
| EU presidency dampens hopes for deal on beefed-up euro budget rules Monsters and Critics.com The six pack reforms were proposed last year by the European Commission. Since then, with theeurozone debt crisis showing no sign of abating, a flurry of other proposals have been floated, amid deadlock on other key measures such as Greece's second ... See all stories on this topic » | ||
| Keep Calm And Carry On Seeking Alpha Their purpose: to harden citizens' resolve during unprecedented crisis in Europe. They were sage words in September, 1939. And they remain wise today even as the European debt crisis threatens a conflagration of global financial markets. ... See all stories on this topic » | ||
| IMF staff see increased funding needs from crisis Moneycontrol.com The IMF is already financing adjustment programs in Greece, Ireland and Portugal, and there are growing concerns that without bold actions the euro zone crisis may soon engulf the larger economies of Italy and Spain. "An intensification of the recent ... See all stories on this topic » | ||
| Famous Economist Inadvertently Blurts Out the Truth About Keynesian Economics American Thinker Furthermore, many European commercial banks own bonds from these same failing nations. So, the European Central Bank has started to purchase bad bonds from the banks too. This is a drastic move to prevent a "crisis" in these banks. What is the problem? ... See all stories on this topic » |
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