Tag Archive for Brussels

Leaders Bicker as Europe’s Crisis Gains New Urgency – NYTimes.com

BERLIN — With Greece’s membership in the euro zone teetering, fears of bank insolvency rising and Europe’s leaders bickering about what to do, the euro crisis is once again intensifying and threatening to undermine fragile growth globally. At a summit meeting in Brussels on Wednesday, regional leaders failed to signal any concrete new steps to…

Hollande Defies German Crisis Handling on Euro Bonds, Banks – Bloomberg

French President Francois Hollande challenged Germany’s handling of the financial crisis as he headed to his first European Union summit with calls for joint borrowing and cash injections to struggling banks. Hollande teamed with Spanish Prime Minister Mariano Rajoy to press for tonight’s meeting of EU leaders to break with German-dominated budget-cutting policies that have…

The slow-motion run on Greece’s banks | Brussels blog | News on the European Union from the Financial Times – FT.com

Jitters over whether Greece will be forced out of the euro have turned the focus of policymakers in recent days on whether Greece is on the precipice of a bank run… … a full-scale bank run would force the European Central Bank and eurozone lenders to either pump in more money – without a new…