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.
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.
German Court Tosses Out Challenges to Greek Bailout
Court challenges to Germany’s participation in the European Financial Stability Facility were thrown out on Wednesday, although the country’s top court warned that it was not granting “blanket” approval, and that the government must seek parliamentary approval for future bailout payments.