-
By Marlene Y. Satter, AdvisorOne |
March 26, 2012
While Prime Minister Mario Monti of Italy had praise for Spain’s efforts to relax its work regulations, he criticized its budget-cutting efforts, saying it “hasn’t paid enough attention to its public accounts.”
-
By Marlene Y. Satter, AdvisorOne |
February 16, 2012
Finance ministers doubt that Greece will keep its promises of austerity once elections are held, and are considering how to withhold funds without triggering a complete default.
-
By Marlene Y. Satter, AdvisorOne |
February 10, 2012
Greece’s hard-won agreement from political leaders in Athens was rejected late Thursday as not tough enough. Instead, Greece was told to go back to the drawing board.
-
By Marlene Y. Satter, AdvisorOne |
February 9, 2012
Disagreement over pension cuts had stalled an agreement among Greek leaders on austerity reforms demanded by the troika of the European Union, International Monetary Fund and European Central Bank.
-
By Marlene Y. Satter, AdvisorOne |
February 3, 2012
Eurozone finance ministers intend to polish up an agreement to grant Greece a second bailout package in the hope that it will forestall the debt crisis and reassure markets.
-
By Marlene Y. Satter, AdvisorOne |
January 18, 2012
The International Monetary Fund intends to boost its lending capacity from the current level of $385 billon by asking members to contribute more funds, up to $600 billion, as it seeks to forestall the spread of the European debt crisis.
-
By Marlene Y. Satter, AdvisorOne |
December 20, 2011
Britain's decision not to contribute to the IMF's bailout fund for the eurozone casts doubt that the rescue plan will work.
-
By Gil Weinreich, AdvisorOne |
November 30, 2011
A patient on life support uses a ventilator to get oxygen into his lungs, but the ventilator is partially obstructed. Removing the obstruction facilitates the patient’s breathing–just like the Fed has provided lending facilities for zombie banks on life support-but it does not treat the disease.
-
By Marlene Y. Satter, AdvisorOne |
November 28, 2011
As the eurozone crisis escalates, Germany and France are discussing radical methods of coping via deeper fiscal ties among eurozone nations—even if it means not working through existing treaties.
-
By Marlene Y. Satter, AdvisorOne |
October 4, 2011
Those institutions and investors holding large quantities of Greek bonds may be in for bigger losses than an originally agreed-upon deal provided for, according to hints from European finance ministers who met Monday to discuss Europe’s ongoing debt crisis.