Jean-Claude Juncker

• Juncker to Step Down as Head of Eurogroup

  By Marlene Y. Satter, AdvisorOne  |  April 18, 2012

  Jean-Claude Juncker, prime minister of Luxembourg and head of the Eurogroup assembly of euro zone finance ministers, confirmed that he will step down in the middle of the year from the post he has held for seven years.

• 

  Spain Faces Tough Haul

  By Marlene Y. Satter, AdvisorOne  |  March 13, 2012

  Already mired in debt and unemployment, Spain has been told that the target deficit rate of 5.8% of GDP that new Prime Minister Mariano Rajoy declared only 10 days ago is inadequate, and Madrid must seek a faster reduction in its deficit.

• 

  No Bailout for Greece–Yet

  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.

• 

  Greece Missed Bailout Deadline: EU Commission

  By Marlene Y. Satter, AdvisorOne  |  February 6, 2012

  Greece has already missed its Monday deadline to come up with a deal to satisfy the conditions for its second bailout, according to the European Union, and has failed to make the decisions that would finish the deal.

• 

  Private Bondholders' Offer on Greek Bonds Rejected

  By Marlene Y. Satter, AdvisorOne  |  January 24, 2012

  Private bondholders had their holdout position of requiring a 4% interest rate on new Greek bonds rejected Monday, as eurozone finance ministers said the offer was not good enough.

• 

  Eurozone Ministers May Seek IMF Help

  By Marlene Y. Satter, AdvisorOne  |  November 30, 2011

  Although eurozone ministers agreed Tuesday to boost the value of the rescue fund, they acknowledged that they might call on the International Monetary Fund for help to do so after Italy's borrowing costs soared nearly to 8%, a euro lifetime high.

• Euro More Important Than Greece: Eurozone

  By Marlene Y. Satter, AdvisorOne  |  November 3, 2011

  As eurozone ministers pressured Greek Prime Minister George Papandreou to drop plans for an announced referendum on the country's latest negotiated rescue package, they made their priorities clear at a midnight news conference following a grueling crisis meeting in Cannes. Their pressure apparently worked as Papandreou backed off his call...

• 

  The 50% Solution: Greek Rescue

  By Marlene Y. Satter, AdvisorOne  |  October 27, 2011

  The solution entails a 50% write-down of Greek debt by banks, a boost in the euro zone’s rescue fund to $1.4 trillion and a substantial recapitalization of banks.

• 

  Greek Debt Writedown May Top 60%

  By Marlene Y. Satter, AdvisorOne  |  October 11, 2011

  A debt crisis summit meeting of European leaders scheduled for October 18 was pushed back to October 23 amid a disagreement about the amount of Greek debt to be written down.

• 

  EU Hints Greek Bondholders May Get Stung With Sharper Losses

  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.