Tag: Euro

Dublin to unveil deep austerity plan as Germany warns euro ‘at stake’

EUOBSERVER / BRUSSELS – In a race against time, or at least against the ‘bond vigilantes’, the Irish government is to publish a stiff austerity plan on Wednesday afternoon whose drafting was supervised to by the EU-IMF troika. The plan,…

Slovakia may hold up eurozone rescue fund

EUOBSERVER / BRUSSELS – The emerging new leadership in Slovakia has said the country will not contribute its share of the €110 billion rescue package for Greece. In addition, Bratislava is likely not to add its signature to the €750…

Britons Decidedly Reject Adopting the Euro

(Angus Reid Global Monitor) – Very few people in Britain are interested in adopting the euro as the national currency, according to a poll by Angus Reid Public Opinion. 79 per cent of respondents would vote against this idea in…

US tells Europe to step up its crisis response

May 27(EUObserver): US treasury secretary Timothy Geithner prodded European policy makers on Wednesday (26 May) to step up their efforts to restore eurozone stability.

Global recovery will continue despite euro crisis

FROM THE ECONOMIST INTELLIGENCE UNIT Despite the crisis unfolding in the euro zone, the world economy continues to recover. Recent indicators for the US and some emerging markets (particularly in Asia) have been strong, and the Economist Intelligence Unit sees…

Europe economy: In with the kitchen sink

FROM THE ECONOMIST INTELLIGENCE UNIT Global stockmarkets, the euro currency and government bonds of fiscally weak euro area countries have rallied strongly in response to the latest emergency rescue package unveiled by European policymakers on May 10th, which over time…

Eastern Europe finance: Queuing up to join a sinking ship?

FROM THE ECONOMIST INTELLIGENCE UNIT Estonia has won European Commission approval to join the euro zone from the start of 2011, because it has met the Maastricht criteria. The Commission’s recommendation overrides the stated reservations of the European Central Bank and all…

Euro Zone Buys Time, Moves Toward Federalism

FRANKFURT (Dow Jones)–The massive European Union financial package should banish fears of government default and a collapsing euro, and was also a giant step toward a more federal Europe in the longer term.

Spain economy: Fingers crossed

FROM THE ECONOMIST INTELLIGENCE UNIT Amid signs of increasing risk aversion in international financial markets, based in part on sovereign debt concerns in the euro area, spreads of Spanish government bonds over comparable benchmark German bunds have widened markedly in…