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| How the euro became a broken dream CNN International The eurozone's biggest economy is Germany, followed by France. The weaker economies areGreece, Portugal, Ireland, Italy and Spain, a group which gained the unwanted acronym PIIGS as the crisis unfolded. Other members are Austria, Belgium, Cyprus, ... See all stories on this topic » | ||
| Ireland waits on EFSF fund-raising move Irish Times INTERNATIONAL FINANCIAL CRISIS: IRELAND WILL capitalise on any moves by euro-zonegovernments to use the European Financial Stability Fund to shore up their banks, according to Government sources. The possibility of widespread recapitalisation of ... See all stories on this topic » | ||
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| Comment: Financial crisis is a golden opportunity for eurosceptics Politics.co.uk Italy, Portugal, Spain and Ireland to a greater or lesser extent will sail in her wake. Yet there is nothing more foolish than the European Union seeking to stay the course. This crisis, lucidly foretold by Eurosceptics for decades, ... See all stories on this topic » | ||
| A crisis of capitalism DAWN.com The problem has been the unwillingness to refinance first Greece, then Ireland, then Portugal. Their share in the euro area public debt-to-GDP ratio is ridiculously low: cancelling the debt would have been less painful. The crisis came because ... See all stories on this topic » | ||
| Update On Financial Markets And The Banking Crisis In Europe Seeking Alpha ... billion euros ($405 billion) off their balance sheets as Europe's deepening debt crisis threatens to make them too big to save. At the end of March, French financial firms had $672 billion in public and private debt in Greece, Portugal, Ireland, ... See all stories on this topic » | ||
| Euro anxieties show up large Hindustan Times The financial contagion from the sovereign debt crisis in Greece, Ireland and Portugal that began last year is now threatening to engulf the much stronger economies of Italy and Spain. Many analysts think a Greek default is only a matter of time. See all stories on this topic » | ||
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| Which Deficit Caused the PIIGS Problem? Zacks.com Those two were clearly “double offenders” -- running awful trade deficits of 9.4% of GDP in the case ofPortugal, and 8.4% of GDP in the case of Greece in the run up to the financial crisis. Note, however, that France and even Germany and the ... See all stories on this topic » | ||
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| Fitch sees Greek ruin risk Austrian Independent "Greece, Ireland and Portugal are small. But what happens there can influence the estimation of Italy's condition massively because of the worries about the Euro as a whole," he told the Salzburger Nachrichten. Asked whether the current debt crisis was ... See all stories on this topic » | ||
| Cameron warns about global economy Boston Globe Cameron said a breakup of the Eurozone is not in anyone's interests and would be damaging to Britain and the global economy. Earlier on Thursday, Canadian Finance Minister Jim Flaherty warned of a repeat of the October 2008 crisis if action is not ... See all stories on this topic » | ||
| Solving the Eurozone financial crisis: Investors must take partial losses on bonds Economy News If a country cannot service its debts, it will be assumed that it is facing a liquidity crisis and generous assistance will come its way, as is the case now with Greece, Portugal or Ireland, but for a maximum of two years. If at the end of this period ... See all stories on this topic » | ||
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| Interest Rate Commentary Inside Futures The many scenarios which analysts are discussing in regard to the European debt situation – organized rescue, default, euro zone exit, disappearance of the euro itself -- show Germany as the strongest and safest of the large European countries, ... See all stories on this topic » | ||
| Leaders struggle to calm recession fears Ninemsn The world's economic powers are struggling to get on top of a European debt crisis that is threatening to dump the global economy back into recession. Officials gathered for three days of discussion pledged on Friday to push forward to fulfil the goals ... See all stories on this topic » | ||
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| Obama Administration Jawbones France, Germany on Eurozone ... By David Dayen After seemingly sitting on the sidelines during the Eurozone crisis, and watching Tim Geithner rebuffed by his Euro colleagues, the Obama Administration is now publicly pressuring the Euronations, specifically Germany and France. But the ... Firedoglake |
| The Street Light: What Really Caused the Eurozone Crisis? (Part 1) (Note: by the "EZ periphery" I mean Greece, Portugal, Ireland, and maybe Spain. ... period after the adoption of the euro and before the worldwide financial crisis ... streetlightblog.blogspot.com/.../what-really-caused-eurozone-c... |
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