Tag Archives: eu debt

Weidler: How to Make Sense of the European Union Disaster

Everything you need to know to understand the European Union can be discovered by simply glancing at the location of its headquarters.  Brussels is in Belgium, which is not a real country, does not have a government, and does not … Continue reading

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Ghei: France’s fragile AAA rating (10)

Once mighty Old World economies may fall as the eurozone debt crisis continues to spread. On Nov. 10, Standard and Poor’s accidentally issued a warning message to subscribers that France’s prized AAA credit rating was to be downgraded. S&P apologized … Continue reading

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No Canadian money for eurozone bailout fund: Harper (16)

CANNES, France — Prime Minister Stephen Harper said Friday that Europe must sort out its own economic mess — and flatly stated that Canada will not provide any funds to bail out the continent. Harper delivered his message during a … Continue reading

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Italy at heart of crisis as borrowing costs climb (19)

ROME – Italy’s borrowing costs jumped to record levels on Friday, underlining its vulnerability at the heart of the eurozone debt crisis and skepticism about whether the struggling government of Prime Minister Silvio Berlusconi can deliver vital reforms. The 6.06% … Continue reading

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Bloody nose for Cameron (20)

David Cameron and his closest aides were today conducting an inquest into the biggest-ever Tory rebellion on Europe after more than half of his backbenchers defied him in a vote on a referendum on EU membership last night. A catastrophic … Continue reading

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Next summit could make or break euro zone (12)

European leaders have slogged through about 20 summits since the debt crisis started two years ago. The next summit, on Wednesday, looms as the day that could break the euro zone if it, like the previous ones, proves to be … Continue reading

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Decker: Europe’s savior – A new Deutsche Mark (18)

Viable economies need to break away from collapsing euro currency The utopian dream of a United States of Europe is coming apart at the seams. Greece, Italy, Portugal and Spain are all on the verge of default, which would push … Continue reading

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New Greek finance sham (10)

Almost 120,000 ‘ghost’ pensions are being claimed by Greek families who continue to pocket the money even though their relatives have been dead for years. The wide-spread scam has cost the Greek government hundreds of millions of euros, a damning … Continue reading

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Slovakia pledges to clinch bailout deal after rejection collapses government (7)

Slovakia’s leaders have pledged to rescue a key euro bailout bill rejected by parliament, triggering the collapse of its government and threatening Europe-wide efforts to ease the debt crisis threatening the world’s economy. But late on Tuesday night the outgoing … Continue reading

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German push for Greek default risks EMU-wide ‘snowball’ (12)

Germany is pushing behind the scenes for a “hard” default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first. Officials in Berlin told The Telegraph it … Continue reading

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World Bank demands more leadership in Europe from Germany (6)

As Greece’s creditors raise growing concern over Athens’ commitment to reform, the World Bank has called on Germany to take a stronger political leadership role in Europe in order to end the eurozone debt crisis. Representatives of the international “troika” … Continue reading

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