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Tag Archives: eu debt crisis
Spain appeals to Brussels for easier deficit reduction targets (5)
Spain has appealed to Brussels for softer deficit-reduction targets, raising fears that Europe’s rescue strategies are unworkable in the bigger eurozone economies and not just Greece. Prime minister Mariano Rajoy has reportedly asked European officials to raise Spain’s debt reduction … Continue reading
Battle over EU financial firewall threatens to derail Greek bailout (15)
A battle over an increased eurozone bail-out fund and International Monetary Fund support for the European Union’s single currency threatens to derail the latest Greek bailout. At a G20 summit in Mexico in two days the EU will plead for … Continue reading
Eurozone agrees €130bn bailout for Greece (15)
The eurozone has agreed a second €130bn (£109bn) Greek bailout after asking private investors to take bigger losses on Greece’s debt and by further stripping the country of sovereignty over its finances. After almost 14 hours of talks ending early … Continue reading
Booker: The European project is splitting apart at the very core (10)
A gulf is growing between France and Germany over the future of the eurozone. Behind all the spin, smoke and fury of recent days, we see unfolding the greatest crisis in the history of the “European project”. What is emerging … Continue reading
Staring into the abyss (15)
When Eleni Nikolaidou agreed to help a university research project, she was asked to plough through 6,000 newspapers from World War II. Life was so difficult for the Greeks under Nazi occupation, she discovered, that papers printed ‘Recipes for Hunger’ … Continue reading
Greeks rage at erosion of sovereignty while leaders haggle over deal (15)
Greek leaders express frustration and anger at the rapid erosion of their country’s sovereignty by German and eurozone leaders, but see no alternative but to accept quasi-colonial control in return for the €130bn (£110bn) rescue package. Greece’s capacity to take … Continue reading
Germany is ‘playing with fire’ on Greece, warns finance minister (15)
Greek finance minister Evangelos Venizelos accused European leaders of “playing with fire” by trying to oust the beleaguered country from the eurozone amid fears they want to delay releasing the €130bn (£108bn) bail-out until after Greek elections in April. The … Continue reading
Greece on the block: small used country, priced to sell, bit of a fixer-upper (15)
Look up the definition of “unmitigated disaster”, and you get a picture of life in Greece today. The big news from the weekend was that the government agreed to an austerity plan that will establish the country as an indentured … Continue reading
Moody’s downgrades European countries (15)
NEW YORK (CNNMoney) — Moody’s cut the credit ratings of six European countries on Monday amid continued anxiety over the continent’s debt crisis and its sluggish economy. Italy, Malta, Portugal, Slovakia, Slovenia and Spain were all downgraded, while three other … Continue reading