Talk of Greek Euro Exit Grows as Political Deadlock Continues
More than a week after elections brought anti-austerity parties to the fore, the task of brokering a compromise is in the hands of President Papoulias, who thus far has been as unsuccessful as the party leaders themselves.
Greek Mandate Still Unfulfilled
Four days after Greek elections that left five anti-bailout parties seated in Parliament, a ruling coalition still has not emerged.
Euro Zone Seeks More IMF Funds
Worries over Spain mean that additional IMF funding might be needed to combat the euro zone debt crisis, which once again is beginning to look out of control.
ECB Plans to Surrender Greek Bond Profits
ECB officials Joerg Asmussen and Luc Coene support the idea, and discussions are under way to determine how to book such profits up front so that they can be provided to Greece as an early lump sum.
ECB Gets Two New Members
The European Central Bank gained two new members on Jan. 1, and which of them will accede to the position of chief economist, vacated by Juergen Stark in 2011, remains to be seen.
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.