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By Marlene Y. Satter, AdvisorOne |
August 23, 2012
Despite Greece's attempt to win additional time to comply with bailout conditions, Chancellor Merkel of Germany and President Hollande of France were discussing ways to send a firm message that Athens must adhere to its original conditions.
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By Marlene Y. Satter, AdvisorOne |
July 23, 2012
Depending on the result of the review to be conducted this week by the troika, Greece could end up being ridden right out of the eurozone.
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By Marlene Y. Satter, AdvisorOne |
July 10, 2012
Spain will be given an extra year to get its deficit reduction under control, but markets were not impressed with the action.
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By Marlene Y. Satter, AdvisorOne |
June 25, 2012
Chancellor Angela Merkel of Germany was in a tight spot as fellow eurozone leaders turned up the heat on the issue of joint debt for the bloc.
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By Marlene Y. Satter, AdvisorOne |
June 14, 2012
Moody's cut the ratings of Spain and Cyprus on Wednesday. Bond yields topped 7% for Spain, and in Italy’s first bond sale since Spain’s bailout yields surged.
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By Marlene Y. Satter, AdvisorOne |
June 13, 2012
Despite a weekend bailout for Spain’s banking sector that was meant to reassure investors, markets continued to punish the southern eurozone.
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By Marlene Y. Satter, AdvisorOne |
June 5, 2012
G7 leaders planned a conference call Tuesday ahead of a scheduled mid-June summit meeting, after a weekend warning by the billionaire George Soros that Europe had just three months to salvage the euro.
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By Marlene Y. Satter, AdvisorOne |
May 21, 2012
Greece should remain in the eurozone despite its financial woes, according to a communique issued by the G8 gathering at Camp David during the weekend.
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By Marlene Y. Satter, AdvisorOne |
May 10, 2012
Four days after Greek elections that left five anti-bailout parties seated in Parliament, a ruling coalition still has not emerged.
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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.