eurozone
eurozone Articles
Three of Europe’s leading economic institutes today lowered their economic growth forecasts for the eurozone. Germany’s Ifo Institute, France’s Insee, and Italy’s Istat all predict now that...
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The contracting eurozone economy is getting worse, according to a report today from Standard & Poor’s. Here’s the general point: Recent economic indicators continue to paint a bleak picture...
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A report from the so-called ‘troika’ — the European Commission, the European Central Bank, and the International Monetary Fund — on Greece’s ability to repay its debt may be delayed until...
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In a recent poll by Germany’s Bertelsmann Foundation, some 65% of German believe they would be better off if the country had not adopted the euro. The same poll revealed that just 36% of French...
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Investor George Soros laid it on the line in a speech today in Berlin: The policy of fiscal retrenchment in the midst of rising unemployment is pro-cyclical and pushing Europe into a deeper and...
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The Bank of England this morning announced that it would leave its policy lending rate unchanged at 0.5%, the same level it has been on since March of 2009. The bank also left its bond-buying program...
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At its meeting today in advance of tomorrow’s scheduled announcement of yet another plan to save the eurozone’s banking system, the European Central Bank (ECB) will discuss a plan put forward by...
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The Spanish government today approved a set of financial reforms that it hopes will end the country’s banking crisis. The proposed reforms will fulfill a commitment by Spain to the European Central...
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U.S. equity markets jumped sharply about half an hour ago following a report in The New York Times that German chancellor Angela Merkel said: I want Greece to stay in the euro zone and that’s what...
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Spain continues to talk with other Eurozone countries over the conditions that the country would have to meet in order to secure funds to help with its rising borrowing costs. In an exclusive report...
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For those of us who spent Sunday doing something other than reading financial news, German magazine Der Spiegel ran an unsourced story claiming that the European Central Bank (ECB) planned to...
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Germany’s Spiegel reports today that Greece is seeking more time to meet the conditions for the €130 billion bailout package that the country agreed to in March. The report claims that such a...
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As expected, following yesterday’s approval by the German parliament, eurozone finance ministers have approved the €100 billion bailout of Spain’s troubled banks through the European Financial...
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Germany’s lower house of parliament, the Bundestag, today approved by a wide margin the country’s agreement to take part in a €100 billion bailout of Spain’s banks. The vote means that...
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The European Union and the European Central Bank (ECB) can no longer just kick the can down the road if they hope to solve the financial crisis in the Eurozone. That’s the conclusion of the...
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