Tag Archives: euro

'Clinging to the Euro Will Only Prolong the Agony'

Leading German economists Peter Bofinger and Stefan Homburg are split over the euro's chances of survival. In a discussion moderated by SPIEGEL, they talked about the wisdom of introducing a euro bond and what would happen if Germany left the … Continue reading

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Bolton: It's Europe's crisis

Saving the euro is up to them The recent riots in Athens, London and Rome signal rising insecurity and uncer tainty within the European Union. The most profound and widespread challenge is the growing sense that the EU's common currency, … Continue reading

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Countries in deep debt should dump euro, investor says

One of the world's largest bond investors, Pimco, suggests financially troubled Greece, Ireland and Portugal should temporarily leave the eurozone to put their economies back on track. Greece, Ireland and Portugal won't be able to overcome their financial problems without … Continue reading

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Alexander: It's not IF the euro collapses… but WHEN (1)

The sheer disarray among European leaders over the euro, which seems to get worse whenever they meet, underlines the changing nature of the big question of the day. It is not now whether the euro system will come apart at … Continue reading

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Ireland Financial Crisis Wounds Country’s Psyche (2)

DUBLIN — The pained debate over a $112 billion international rescue package for Ireland will come to a crunch on Tuesday when a politically weakened Prime Minister Brian Cowen goes to Parliament seeking approval for the harshest austerity program of … Continue reading

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How to resign from the club

MEMBERSHIP of the euro is meant to be for keeps. Europe’s currency union is supposed to be immune from the sort of speculative attack that cracked the exchange-rate mechanism, the system of currency pegs that preceded it, in 1992-93. A … Continue reading

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The Disastrous Consequences of a Return to the Deutsche Mark (1)

Europe is discussing the horror scenario of a break-up of the euro zone. At present, that still seems unlikely, but experts are alarmed. A comeback of national currencies would be fatal — especially for Germany. The deutsche mark is still … Continue reading

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Desperate fight to save the euro (10)

The euro plunged further into crisis yesterday as investors sold off Spanish, Portuguese and Belgian government bonds in record numbers on renewed fears that those nations would follow Greece and Ireland into the financial emergency ward, undermining confidence in the … Continue reading

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Brzezinski: The Misguided Ireland Bailout

The EU wants to sacrifice a low-tax state to pay for the Euro-dream. The Irish government is teetering on the brink of collapse. In a humiliating about-face, the Irish Taoiseach (prime minister), Brian Cowen, yesterday accepted a European Union bailout … Continue reading

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Can the Euro Still Be Saved?

The countries of the euro zone are hopelessly divided over the question of how to save the currency in the long term. Bailouts for individual countries like Ireland and Greece can only be a temporary solution. Meanwhile, an internal paper … Continue reading

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Euro under siege after Portugal hits panic button (6)

The euro is facing an unprecedented crisis after another country indicated that it was at a “high risk” of requiring an international bail-out. Portugal became the latest European nation to suggest it was on the brink of seeking help from … Continue reading

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