Germany, France Discuss United Front Against Lenience for Greece
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.
Merkel Backs Conditions for ECB Bond Buying
Chancellor Angela Merkel of Germany voiced her approval for the need for conditions attached to any bond purchases by the ECB.
Greek Leader Said to Seek More Time to Meet Austerity Goals
Prime Minister Antonis Samaras of Greece hopes to achieve two objectives with eurozone policymakers: to assure them that he will carry out mandated austerity measures and to win more time to do so.
German Bonds Lose Favor as Bailouts Loom
Investors are pulling money out of Bunds and seeking what they see as safer investments.
Italy, Spain Resist ECB Requirement
Neither Spain nor Italy is prepared to ask the European Central Bank (ECB) for aid in order for the ECB to begin buying their countries’ bonds. At least not yet.
Draghi Tested on Euro Crisis
Should ECB President Mario Draghi fail to come up with an effective tactic to quell market fears over the eurozone crisis, it could make the situation worse than ever.
Europe: What Now?
Europe has avoided—for now—the drama of a Greek exit from the euro thanks to Greece electing a party that broadly backs its bailout terms.
Greek Exit Fears Loom Again
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.
EU Reaches Debt Deal
EU leaders announced that they had reached agreement on a number of provisions to combat the debt crisis, including a plan to recapitalize banks directly and easier terms for Spanish borrowing.
European Banking Union Not Enough: Investors
Investors, apparently, not only lack faith in officials to take decisive action on the debt crisis but also do not seem to believe that a bold solution proposed by some can work—because it does not go far enough.