Spain Hesitates on Aid as European Finance Ministers Meet
Prime Minister Mariano Rajoy of Spain continued to hold off in requesting a bailout for the country’s banks, citing lower interest rates in the wake of the ECB's decision to commit to unlimited bond purchases.
Dutch PM Wins but Could Be Forced to Form Coalition
Dutch Prime Minister Mark Rutte’s Liberal Party emerged triumphant from the Netherlands’ election on Wednesday, defeating far-right euroskeptic voices, but he may need to form a coalition with the Labour Party, which finished only two seats behind his own.
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.
Dutch Government Resigns Over Austerity
Battles over austerity measures that look tame in comparison to those endured by Greeks torpedoed the Dutch government on Monday. Not to be outdone, the Czech government came in for a crisis of its own.
Greece Launches Bond Swap
Greece on Friday took the next step in a second bailout package after Parliament passed a law Thursday that requires all its bondholders to accept losses once a certain percentage of creditors have agreed.
Greece, Europe Agree on Bailout to Avert Default
After months of wrangling and several missed deadlines by Greece, euro zone finance ministers finally reached accord on a new bailout for Athens that included additional austerity measures and cuts for private bondholders.
Greek Bailout Held Up as More Austerity Demanded
Finance ministers doubt that Greece will keep its promises of austerity once elections are held, and are considering how to withhold funds without triggering a complete default.
German Rift Threatens Euro Zone
Juergen Stark's sudden departure from his post at the European Central Bank (ECB) over the issue of buying bonds from troubled euro zone countries has led to wider problems, both in the zone and at home in Germany.