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By Marlene Y. Satter, AdvisorOne |
March 12, 2012
Euro area finance ministers gathered Monday to approve a second bailout for Greece after the country won approval from private bondholders to cut its debt.
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By Marlene Y. Satter, AdvisorOne |
February 17, 2012
Germany's get-tough attitude toward Greece, echoed by Austria, Finland and the Netherlands, has angered Greek officials who say they have done everything they were asked to do in order to be granted a second bailout by the troika of the European Union, International Monetary Fund and European Central Bank.
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By Marlene Y. Satter, AdvisorOne |
February 13, 2012
As Athens burned, the Greek Parliament approved a new budget cuts aimed at getting international relief for its debt.
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By Marlene Y. Satter, AdvisorOne |
January 17, 2012
Standard & Poor's followed up its mass cuts to the credit ratings of eurozone countries on Friday with a cut in the credit rating of the European Financial Stability Facility on Monday. EFSF officials said that nonetheless the facility was well enough funded to cope with the eurozone debt...
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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.
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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.
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By Marlene Y. Satter, AdvisorOne |
September 9, 2011
When it comes to money, Germany and the Netherlands aren’t kidding. Both nations are out of patience with Greece, although the message is divided, and both are beginning to talk about Athens being compelled to exit the euro zone.
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By Marlene Y. Satter, AdvisorOne |
June 8, 2011
In a letter to European Union (EU) nations, German Finance Minister Wolfgang Schaeuble urged countries to make private bondholders contribute to Greece's impending debt relief arrangement.
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By Marlene Y. Satter, AdvisorOne |
January 13, 2011
Apparent confidence in the ability of the euro zone to combat its ongoing debt crisis marked the first auction for the year of Spanish and Italian bonds on Thursday.
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By Marlene Y. Satter, AdvisorOne |
November 7, 2010
In the wake of the Fed's announcement last Wednesday to put another round of quantitative easing into effect, reaction from around the world has grown louder--and it's not happy.