Tag Archives: euro

Hannan: Ireland's woes will continue until it leaves the euro (6)

In the 1990s, you used to hear the argument that Ireland was growing thanks to the EU. It wasn’t true. Ireland was growing because it had restructured its tax system so as to stimulate enterprise. The sectors which were doing … Continue reading

Posted in Featured | Tagged , , , | 18 Comments

Berlin Fears Euro Rescue Could Get More Expensive

Germany is the leading contributor to the European Union- and IMF-led fund to shore up the battered euro. An emergency provision in the agreement for the 750 billion euro rescue package, however, could see the country paying a lot more … Continue reading

Posted in Featured | Tagged , , | 1 Comment

Euro 'will be dead in five years' (1)

The euro will have broken up before the end of this Parliamentary term, according to the bulk of economists taking part in a wide-ranging economic survey for The Sunday Telegraph. The single currency is in its death throes and may … Continue reading

Posted in Featured | Tagged , | 6 Comments

Fears Rise in Europe Over Potential for Deflation (1)

FRANKFURT — If the European Central Bank has one monetary dragon it considers essential to slay, it is inflation. Keeping inflation under control is the central bank’s primary legal responsibility, and as Europe struggles to overcome economic problems caused by … Continue reading

Posted in Featured | Tagged , , | Leave a comment

Keep working: Europe cracks austerity whip (6)

AROUND him they were chanting anti-government slogans and banging on drums but Philippe Mercier, a 40-year-old French factory worker in jeans, T-shirt and black peaked cap, was fantasising about fishing. “I’ve always looked forward to retirement,” he said as he … Continue reading

Posted in Featured | Tagged , , | Leave a comment

Euro plunges as Spain’s debt downgraded

The euro plunged and US stock markets dived last night after Spain was stripped of its top-level credit rating by a leading rating agency over concerns about its economic growth. In the latest blow to the eurozone, which is struggling … Continue reading

Posted in Featured | Tagged , | 1 Comment

French protest as Europe implements austerity (5)

PARIS — European governments on Thursday pressed ahead with radical cost-cutting plans in a bid to tackle a debt crisis, as financial markets rallied and thousands protested in France against pension reforms. The Spanish parliament passed by just one vote … Continue reading

Posted in Featured | Tagged , | 3 Comments

"Nuts!" (11)

A Europe-wide tax on banks will provide funds to ensure that future banking failures are not at taxpayers’ expense, the European Commission said. Internal Market Commissioner Michel Barnier was unveiling proposals for a compulsory levy on all banks to form … Continue reading

Posted in Featured | Tagged , | 7 Comments

Share plunge as fears grow for Spain's economy (10)

London’s leading share index fell below the psychologically important 5,000-level today, prompted by fears that Europe’s sovereign debt crisis will cause more turmoil across the global financial sector. British banking stocks tumbled, with shares in Lloyds Banking Group down almost … Continue reading

Posted in Featured | Tagged , | 2 Comments

First taste of pain (5)

First, the easy stuff — overt displays of the surprising joy of cohabitation in springtime. Now the tough stuff — forcing through billions of pounds of cuts while persuading voters that such medicine is good for them. Ministers may have … Continue reading

Posted in Featured | Tagged , , | 3 Comments

The European Disunion – will the euro survive? (16-bumped)

As the currency crashes and the Continent is swept by protests, even key members such as Germany and France are starting to think the unthinkable about the euro. Like many of Spain’s 4.5 million unemployed, Cinthia Carvajal is on the … Continue reading

Posted in Featured | Tagged , , | 7 Comments