Tag Archives: eu debt crisis

BERLIN, May 13 (Reuters) – Angela Merkel’s conservatives face defeat in a vote in Germany’s most populous state on Sunday that could give the left momentum before next year’s federal election and fuel criticism of the chancellor’s European austerity drive. … Continue reading →

Companies across the world face a “perfect storm” as they have to raise more than £25 trillion to finance an upcoming “wall” of debt. Businesses will need to secure as much as £28.5 trillion to refinance old borrowings and fund … Continue reading →

Newly revealed German government documents reveal that many in Helmut Kohl’s Chancellery had deep doubts about a European common currency when it was introduced in 1998. First and foremost, experts pointed to Italy as being the euro’s weak link. The … Continue reading →

A new eurozone crisis is looming as Spain signalled on Monday it was ready to bail out ailing banks after markets shrugged off the election results in France and Greece. Prime minister Marian Rajoy indicated the Government was ready to … Continue reading →

Nicolas Sarkozy who rode to office five years ago promising a historic “rupture” was on Sunday night booted out of office having exhausted his nation. The “Sarko show”, a five-year rollercoaster ride of political and private highs and lows frequently … Continue reading →

The European Union’s top economic official has called for a new European investment pact, in the latest sign Brussels is preparing to reconcile Angela Merkel’s austerity drive with the growth agenda of French presidential favourite François Hollande. Olli Rehn, EU … Continue reading →

Countries around the world envy Germany’s economic success and look up to it as a role model. But a closer look reveals a much bleaker picture. Only a few are benefiting from the boom, while stagnant wages and precarious employment … Continue reading →

France faces a property slump of Anglo-Saxon proportions as the frothiest boom in French history finally tips over, threatening the country with an economic shock just as austerity hits. “It is a gigantic bubble, all the more dangerous as it … Continue reading →

With the French election’s first round and the revelations about the Target-2 payments system, the euro’s prognosis worsened sharply this week. Having generally been a supporter of the euro, provided Britain didn’t have to join, I now think flaws in … Continue reading →