 Reuters By Jan Strupczewski WROCLAW, Poland (Reuters) - The European Union reached a deal on Friday to toughen its budget rules, in a bid to restore some market confidence in euro zone public finances and prevent another sovereign debt crisis. ... See all stories on this topic » | ||
| Euro zone delays decision on Greek bailout loan TODAYonline Europe's economy will barely grow in the second half of this year, a casualty of the debt crisis that €256 billion euros in aid for Greece, Ireland and Portugal has failed to extinguish. Adding to the grim picture, Mr Juncker said: "We don't see any ... See all stories on this topic » | ||
| Greek Crisis 'No Threat' to the Euro, ECB's Paramo Says on TV Bloomberg Eighteen months of crisis-fighting and 256 billion euros ($355 billion) in aid for Greece, Ireland andPortugal have failed to stabilize financial markets. The turmoil has spread to Italy and Spain, sending tremors through Europe's banking system and ... See all stories on this topic » | ||
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| Fixing the troubled eurozone Merkel and Lagarde's shot at heroine status. Toronto Star “We're not talking about a crisis that will unfold over a year or two; this thing could come apart in a matter of days.” It's not far-fetched, though, to worry about the fate of the larger European Unionshould the eurozone collapse. ... See all stories on this topic » | ||
| Point the EU profligates towards the exit pronto Herald Scotland International investors – Americans in particular, ironically enough – have grown wary of lending toEuropean banks. With a high risk of Greek bond default and a contagious sovereign debt crisis, there is a real danger of another credit market seizure. ... See all stories on this topic » | ||
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| Osborne says "time is short" to act on euro debt crisis MyFinances.co.uk After nearly 18 months of the crisis leaders are concerned that the European Union seems no nearer to finding a permanent solution to the sovereign debt crisis that has engulfed most notablyGreece, but also Ireland and Portugal and is in danger of ... See all stories on this topic » | ||
| €10bn interest-rate cuts on State bailout signed off Irish Times ... of euro zone leaders to cut the interest rate on the bailout. US treasury secretary Timothy Geithner held a private meeting with the ministers and pressed them to step up the battle against the debt crisis. “Your financial challenges in Europe are ... See all stories on this topic » | ||
| Euro-Zone Wages Rise at Faster Pace Wall Street Journal One of the fundamental causes of the euro zone's fiscal crisis was differential movements in wages after the launch of the currency in 1999. Ireland, Portugal, Greece and some other countries saw wages rise rapidly, while wages were little changed in ... See all stories on this topic » | ||
| Democracy's slow cure for the euro Financial Times But a loan would spare Cyprus from asking for a bed next to Greece, Ireland and Portugal inEurope's financial intensive care unit. While the Russians swung into action, European Unionpolicymakers were bickering about the latest unhelpful proposal for ... See all stories on this topic » | ||
| 3 Years After Lehman Brothers Collapsed, and We Haven't Learned a Friggin' Thing Huffington Post And more recently, bankruptcy in one-third of the eurozone seemed equally ridiculous. But that's what we now face. The so-called PIIGS of the euro zone -- Portugal, Ireland, Italy, Greece and Spain -- make up 135 million of the currency union's 300 ... See all stories on this topic » | ||
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| EU toughens budget rules Detroit Free Press Yet Friday's meeting produced little concrete progress toward snuffing out the more immediate crisis, in which high interest rates threaten to cut indebted countries off from bond market financing.Greece, Ireland and Portugal have needed international ... See all stories on this topic » | ||
| Rand softer, euro under pressure Fin24 Johannesburg - The rand was softer against the dollar in noon trade on Friday as it tracked a eurothat had come under pressure, following investors' reassessments of moves made on Thursday to prevent a liquidity crisis in the eurozone. ... See all stories on this topic » | ||
| ECB Must Cut Rate to Miss Recession, MKM's Darda Says: Tom Keene BusinessWeek Europe's economy will barely grow in the second half of 2011, a casualty of the debt buildup that 256 billion euros ($353 billion) in aid for Greece, Ireland and Portugal has failed to erase. Finance chiefs from the euro region meeting today in Wroclaw ... See all stories on this topic » | ||
| Barratt building on strong foundations Proactive Investors UK Markets were however buoyed by renewed discussions over the issuance of a Eurobond, a measure seen by many as a possible solution to the debt crisis after European Commission President Jose Barroso pledged to deliver proposals for new Euro area bonds. ... See all stories on this topic » | ||
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| China – Not really a white knight for the eurozone Commodities Now Online Spain, Greece, Portugal and Ireland together make up another 20% or EUR 340 bn. Together, the five GIIPS countries will probably need EUR 730 bn in refinancing in 2012. For comparison, Germany needs EUR 325 bn or 19% of estimated GDP in 2012. ... See all stories on this topic » | ||
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| Greek cabinet discusses public sector cuts BusinessWeek In Frankfurt, Merkel stressed that it was "worth every effort to solve our central problem today -- the debt crisis of individual euro countries." "The euro is far more than a currency -- it is a symbol of our common economic success and it is a symbol ... See all stories on this topic » | ||
| Ministers Delay Eurozone Bailout Decision Isle of Wight Radio Europe's finance ministers have failed to come to a decision on a further round of bailout cash forGreece at a crisis summit in Poland. The lack of agreement came as Greece appeared to be heading for bankruptcy, a debt default and the future of the ... See all stories on this topic » | ||
| Geithner suggested EU beef up eurozone fund Glens Falls Post-Star Rescue partners will decide in October on a crucial payout of bailout loan money to bankruptcy-threatened Greece. Juncker and other eurozone finance ministers were discussing Europe's financial crisis at an informal meeting in Wroclaw. ... See all stories on this topic » |
| Does Europe need a Bush-style bailout? — Clearing and Settlement By RSS Feed The European debt crisis is a festering wound on the face of the global economy. Until it heals, the ...After a handful of rescue packages — two for Greece, one for Ireland and one for Portugal —eurozone policymakers just can't draw a line under the problem. Instead, dithering and a lack of big, bold measures — like those enacted by President George W. Bush during the worst of the 2008financial crisis — have allowed speculators to push the currency union to the edge. They're ... Clearing and Settlement — Clearing... |
| EU toughens budget rules but stalls on Greece - seattlepi.com WROCLAW, Poland (AP) — The European Union's 27 countries overcame a year of infighting to agree Friday to tougher budget rules that make it easier to punish overspending governments, but failed to produce any new measures that might ... For the longer term, calls have been growing louder for the 17 eurozone countries to coordinate their fiscal and economic policies much more closely to avoid similar crises in the future and more importantly to assure financial markets of the ... seattlepi.com: Top Headlines... |
| EU ministers sign off on tougher budget rules Juncker and other eurozone finance ministers were discussing Europe's financial crisis at ... the media during a news conference in Wroclaw , Poland on Friday, Sept. ... euro zone crisis and rescue plan for Greece, facing bankruptcy in Wroclaw, ... rescue loans to Ireland, Portugal and an agreed second bailout for Greece, ... hosted2.ap.org/.../id-d8a145ae73f2471d930bc64d18b3430c |
| EU toughens budget rules but stalls on Greece - Associated Press Essential News from The Associated Press ... Juncker and other eurozone finance ministers were discussing Europe's financial crisis at an informal ... euro zone crisis and rescue plan forGreece, facing bankruptcy in Wroclaw, Poland, Friday, Sept. ... Greece, Ireland and Portugalhave needed international bailout loans to ... hosted2.ap.org/.../id-fc236fc475224dd8b7c772e69bfb0e81 |
| Eurozone Debt Crisis: EU Finance Chiefs Hold Crisis ... - Sky News European finance ministers holding crisis talks in Poland have agreed to help ... package and is designed to help Portugal, Ireland and potentially Greece. ... news.sky.com/home/article/16070599 |
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