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Euro area debt crisis

URL: https://eiueuroareadebtcrisis.wordpress.com/

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Latest posts
Argentina’s Options: What happens after default? NEW
Euro area debt crisis 10 Months, 3 Days, 17 Hours, 33 Minutes ago
Argentina is probably going to default tomorrow. An Argentinian debt default would clearly not be good for the country economically, but contagion would probably be limited and far less hard hitting than its previous 2001 default. If Argentina does d...
Will the ECB’s Actions Be Enough? NEW
Euro area debt crisis 11 Months, 3 Weeks, 10 Hours, 16 Minutes ago
As has been the case so many times during the Eurozone crisis, all eyes were on the European Central Bank (ECB) to intervene on June 5 following its executive board meeting. Eurozone inflation registered a paltry 0.5 percent in May, a problem for cou...
A shift in German policy? Not so fast! NEW
Euro area debt crisis 1 Year, 1 Month, 3 Weeks, 4 Days, 7 Hours, 43 Minutes ago
The ECB didn’t take any action at its governing council meeting this past Thursday, but that does not mean nothing happened. ECB president Mario Draghi gave the clearest signal yet that the central bank is committed to using unconventional poli...
The Eurozone’s Imperfect Banking Union NEW
Euro area debt crisis 1 Year, 3 Months, 1 Week, 3 Days, 14 Hours, 31 Minutes ago
In her first interview since becoming the head of the new Single Supervisory Mechanism (SSM) in Europe, Danièle Nouy talked a big game about letting European banks fail. Policymakers in Europe have been busy agreeing on a road map for how to s...
How Germany Just Undercut the Euro NEW
Euro area debt crisis 1 Year, 3 Months, 3 Weeks, 2 Days, 2 Hours, 5 Minutes ago
A German court may have just weakened European Central Bank President Mario Draghi’s most potent weapon in the battle to save the euro. Back in July 2012, Draghi calmed panicked markets with a pledge to do “whatever it takes” to def...
Berlusconi Prepares a New Italian Drama NEW
Euro area debt crisis 1 Year, 7 Months, 4 Weeks, 1 Day, 21 Hours, 29 Minutes ago
A political storm brewing in Italy has the potential to disrupt the calm that has prevailed in the euro area. Europe’s leaders can only hope that markets will somehow prevent the currency union’s third-largest economy from backsliding too...
Bulgarian Election Shows Need to Clean House NEW
Euro area debt crisis 2 Years, 2 Weeks, 5 Days, 11 Hours, 16 Minutes ago
It looks as though the center-right Citizens for European Development party won Bulgaria’s early elections, the same party that triggered the vote by resigning from government amid protests in February. So has anything changed? The short answer...
ECB’s Parking Fees Show Its Weakness NEW
Euro area debt crisis 2 Years, 3 Weeks, 4 Days, 14 Hours, 33 Minutes ago
European Central Bank President Mario Draghi surprised markets and analysts last week by saying the central bank is open to an unconventional stimulus tactic: pressuring banks to lend by charging them a fee for parking cash at the ECB. The developmen...
Germany Should End Austerity, Not Ireland NEW
Euro area debt crisis 2 Years, 1 Month, 4 Days, 3 Hours, 33 Minutes ago
Anti-austerity fever is sweeping Europe as policy makers decide the way to get from crisis to growth involves higher spending. Well, not so fast. The fever has already spread to the highest levels. At the International Monetary Fund’s recent sp...
Slovenia Bailout Would Be Spanish-Cypriot Mongrel NEW
Euro area debt crisis 2 Years, 1 Month, 1 Week, 5 Days, 23 Hours, 21 Minutes ago
The ink on the provisional bailout agreement for Cyprus was hardly dry last month before bond markets shifted their attention to Slovenia, another small euro- area country with a banking problem. The Slovenian government’s borrowing costs subse...
How to Kill a Banking Union the German Way NEW
Euro area debt crisis 2 Years, 1 Month, 2 Weeks, 3 Days, 8 Hours, 38 Minutes ago
The most effective way to block any measure in the European Union is to say it requires a treaty change. This is the sucker punch German Finance Minister Wolfgang Schaeuble delivered at an April 13 meeting with his EU counterparts in Dublin. Accordin...
Germans Are Poorest in the Euro Area. Really? NEW
Euro area debt crisis 2 Years, 1 Month, 3 Weeks, 1 Day, 3 Hours, 31 Minutes ago
With a title like “The Eurosystem Household Finance and Consumption Survey,” the European Central Bank’s latest piece in its Statistics Paper Series doesn’t sound like a page-turner. It has received a lot of attention, though,...
Cyprus Can Save Itself by Fleeing the Euro NEW
Euro area debt crisis 2 Years, 1 Month, 3 Weeks, 1 Day, 22 Hours, 46 Minutes ago
Cypriots sitting in the cafes here on Nicosia’s Ledra Street are asking one another if there isn’t an alternative to their island’s bailout. It has been just weeks since the series of rollercoaster negotiations that produced a deal...
More Risk From Portugal NEW
Euro area debt crisis 2 Years, 1 Month, 4 Weeks, 10 Hours, 41 Minutes ago
The euro area has had a rough few weeks: Cyprus agreed a bailout program that will decimate its economy, Italy’s Pier Luigi Bersani, the Democratic Party leader, failed to put together a government, borrowing costs for businesses in the periphe...
Cyprus Shows Trust in ECB is Misplaced NEW
Euro area debt crisis 2 Years, 2 Months, 1 Week, 8 Hours, 37 Minutes ago
Ever since European Central Bank President Mario Draghi said last July that the bank will do whatever it takes to preserve the euro, complacency has pervaded Europe’s single-currency area. Markets have weathered potential crises in Italy and Sp...
Cyprus’ Four Options for Avoiding Collapse NEW
Euro area debt crisis 2 Years, 2 Months, 1 Week, 5 Days, 20 Hours, 41 Minutes ago
The only thing worse than Cyprus accepting the rotten bailout program that European policy makers agreed on late last week was Cyprus rejecting it. Yesterday, the parliament voted decisively against the terms of the bailout, with 36 members opposing...
Euro Area Ruins its Progress with Cyprus Deal NEW
Euro area debt crisis 2 Years, 2 Months, 2 Weeks, 16 Hours, 35 Minutes ago
There’s nothing like having part of your savings account confiscated overnight to make you feel that your money isn’t safe. That’s what depositors in Cypriot banks awoke to on March 16, when they found their accounts frozen for at l...
Fancy Footwear and Austerity Won’t Save Portugal NEW
Euro area debt crisis 2 Years, 2 Months, 3 Weeks, 4 Days, 23 Hours, 30 Minutes ago
Anyone still in need of proof that austerity isn’t fixing the euro area’s debt crisis should visit Portugal. Hundreds of thousands of Portuguese took to the streets of Lisbon to protest against economic austerity on March 2, and the only...
Don’t Believe Spain’s Deficit Numbers NEW
Euro area debt crisis 2 Years, 2 Months, 4 Weeks, 20 Hours, 36 Minutes ago
Last week, Spanish Prime Minister Mariano Rajoy gave investors and analysts a pleasant surprise, announcing that his country’s budget deficit had fallen to 6.7 percent of gross domestic product in 2012, far below the European Commission’s...
Italy Votes for Chaos and the Euro Crisis Is Back NEW
Euro area debt crisis 2 Years, 3 Months, 4 Days, 11 Hours, 31 Minutes ago
Italy’s parliamentary election could not have gone worse for the country or the euro area. It is now possible that in the coming months the currency zone’s third-largest economy will need a bailout from international creditors, at a time...