Today in Euro Crisis History: Annals of Awesome
January 29, 2010 ALMUNIA SAYS EUROZONE HAS NO ‘PLAN B’ ON GREECE Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous...
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Today in Euro Crisis History: Trial Balloon Dept.
Photograph by Michele Tantussi/BloombergGerman Economy Minister Rainer Bruederle in Berlin on Jan. 27, 2010 January 30, 2010 Germany’s Bruederle Rules Out Bailout for Greece German Economy Minister...
View ArticleToday in Euro Crisis History: Best-Laid Plans
January 31, 2010 EU Plans to Tell Greece to Cut Public Sector Salaries The European Commission will recommend Greece’s government cut public-sector salaries and improve tax collection, the Financial...
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Monte Paschi Provides Fodder for Berlusconi Attacks on Rivals
Revelations that Banca Monte Paschi hid details of structured finance deals that may produce hundreds of millions of euros in losses is embroiling everyone from Italian Prime Minister Mario Monti to...
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Adios Austerity, But Debt Will Still Limit Spain’s Growth Measures
Spain’s 32-month experiment with austerity-at-all-costs, as devised by Angela Merkel’s budget ultras, is drawing to a close. Prime Minister Mariano Rajoy oversaw 62 billion euros of tax hikes and...
View ArticleToday in Euro Crisis History: High Stakes Drama
February 5, 2012 Greek Bailout Hangs on Razor’s Edge as Reforms, Cuts Sought Greece’s efforts to win a second bailout from international creditors teetered in the balance as negotiations in Athens...
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Draghi in Triple Hot Seat May Seek Verbal Escape Route
It’s not going to be easy for Mario Draghi today. The President of the European Central Bank is often lauded as a straight talker. He might have to be just the opposite when he gives a press...
View ArticleToday in Euro Crisis History: The First Crisis Summit
February 11, 2010 EU Demands Greek Cuts in Bid to Uphold Euro Stability European leaders ordered Greece to get the bloc’s highest budget deficit under control and promised “determined” action to...
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Today in Euro Crisis History: Annals of Market Intelligence
Photograph by Jock Fistick/BloombergGreek Prime Minister George Papandreou at EU Summit in Brussels, Feb. 11, 2010 February 12, 2010 BlackRock Says Greece Is No Lehman, Buys Its Bonds BlackRock Inc.,...
View ArticleToday in Euro Crisis History: Tail Risks
February 13 2010 ‘Euro Is Sound,’ ECB’s Draghi Says as He Urges Greek Budget Cuts European Central Bank council member Mario Draghi said the euro remained “sound” after the European Union pledged to...
View ArticleToday in Euro Crisis History: Annals of Soothsaying
February 19, 2009 Roubini Says a Sovereign May ‘Crack’ Amid Crisis Nouriel Roubini, the New York University professor who predicted the global credit crisis, said a “sovereign may crack” as officials...
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ECB’s Emergency Cash Becomes Last Bulwark Against Chaos
The euro area has just come as close as it ever has to learning that what the European Central Bank gives, it can also take away. Before euro-area ministers agreed a last-ditch bailout in the small...
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Is Cyprus Euro-Exit Talk More Than Talk?
Bailed-out and bankingly challenged Cyprus is a “unique case,” the entire European policy establishment tells us. One under-reported way in which Cyprus is unique is that chatter about eventually...
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Merkel Reigns on Cyprus — Not
Yesterday was the big German parliamentary decision on aid for Cyprus, and the burning question was whether Chancellor Angela Merkel would hold her coalition together or, as in past Bundestag...
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When You Visit the IMF, Don’t Drink the Water
The bustup between the European Commission and International Monetary Fund got nastier today when Olli Rehn, the commission’s pointman on the economic crisis, said he is feeling … well, all wet. “I...
View ArticleToday in Euro Crisis History: High Stakes Drama
February 5, 2012 Greek Bailout Hangs on Razor’s Edge as Reforms, Cuts Sought Greece’s efforts to win a second bailout from international creditors teetered in the balance as negotiations in Athens...
View ArticleClik here to view.
Draghi in Triple Hot Seat May Seek Verbal Escape Route
It’s not going to be easy for Mario Draghi today. The President of the European Central Bank is often lauded as a straight talker. He might have to be just the opposite when he gives a press...
View ArticleToday in Euro Crisis History: The First Crisis Summit
February 11, 2010 EU Demands Greek Cuts in Bid to Uphold Euro Stability European leaders ordered Greece to get the bloc’s highest budget deficit under control and promised “determined” action to...
View ArticleClik here to view.
Today in Euro Crisis History: Annals of Market Intelligence
Photograph by Jock Fistick/BloombergGreek Prime Minister George Papandreou at EU Summit in Brussels, Feb. 11, 2010 February 12, 2010 BlackRock Says Greece Is No Lehman, Buys Its Bonds BlackRock Inc.,...
View ArticleToday in Euro Crisis History: Tail Risks
February 13 2010 ‘Euro Is Sound,’ ECB’s Draghi Says as He Urges Greek Budget Cuts European Central Bank council member Mario Draghi said the euro remained “sound” after the European Union pledged to...
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