European Union leaders have seemingly changed their tune lately on how best to deal with the long-running Eurozone debt crisis.
Tag Archive for Austerity Measures
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Greece ‘needs austerity programmes’ – Full Story
by Newswires • • 0 Comments
(via AFP) German Finance Minister Wolfgang Schaeuble said cash-strapped Greece needed to implement EU and IMF-imposed austerity measures as European solidarity was “not a one-way street.” “To tell the Greeks that they need not apply austerity deals to which they have agreed is to lie to them,” Schaeuble told…
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Recession hits "pretty grim" EU states in the east – CNBC.com
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AsiaOneRecession hits "pretty grim" EU states in the eastCNBC.comPRAGUE (Reuters) – The Czech Republic's economy shrank for the third quarter in a row and Romania fell back into recession from January to March, as the euro crisis and gove…
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German Press Review of Greek Election and Political Chaos – SPIEGEL ONLINE
by Newswires • • 0 Comments
Greece’s election has brought a political sea change to the country, after bitter voters hammered established parties for supporting austerity measures in exchange for international bailouts. As Athens veers towards political chaos, German editorialists predict hard times ahead. Greece appears to be sinking ever further into a political quagmire after a first push to form a…
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Germany Says It Sticks To Timetable Of Greek Bailout Plan – Wall Street Journal
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AFPGermany Says It Sticks To Timetable Of Greek Bailout PlanWall Street JournalBERLIN (Dow Jones)–The German government Monday rejected suggestions by Eurogroup Chairman Jean-Claude Juncker to give Greece more time to implement austerity measures. &qu…
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Euro Area Unemployment Hits Another Record High – TheStreet.com
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FRANCE 24Euro Area Unemployment Hits Another Record HighTheStreet.comBy AP 05/02/12 – 05:00 AM EDT LONDON (AP) — Record unemployment figures for the 17 countries that use the euro released Wednesday are set to increase the pressure on Europe's le…
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France draws fire after "alarm bells" warning
by Bears Chat at The Wall Street Examiner • • 0 Comments
France draws fire after “alarm bells” warning
Reuters – 41 minutes ago.. .
By Daniel Flynn and James Mackenzie
PARIS/ROME (Reuters) – France came under heavy fire on global markets on Tuesday reflecting fears that the euro zone’s second biggest eco…
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‘Banker’s coup’ in Europe?
by Bears Chat at The Wall Street Examiner • • 0 Comments
Regime Change in Europe: Do Greece and Italy Amount to a Bankers’ Coup?
By Stephan Faris Friday, Nov. 11, 2011
The voice of the people isn’t something the markets seem to want to hear these days. First…
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Greek debt haircut seen exceeding 60 percent
by Bears Chat at The Wall Street Examiner • • 0 Comments
Associated Press
Greek debt haircut seen exceeding 60 percent
By GEORGE JAHN and ELENA BECATOROS , 10.11.11, 06:21 AM EDT
VIENNA — Greece’s bondholders may have to settle for a cut of more than 60 percent in what Athens owes them, the head of the e…
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But do the Greek citizens get it?
by Bears Chat at The Wall Street Examiner • • 0 Comments
Public Transport Grinds to Halt in Greek Capital
By ELENA BECATOROS Associated Press
ATHENS, Greece September 22, 2011 (AP)
Austerity-weary Greeks lashed out against more tax hikes and pension cuts with a new round of strikes, with public transport w…
