Wounded Celtic Tiger Is Slowly Recovering
It remains to be seen how successful Ireland will be, with the eurozone's economy still floundering, Germany's slowing, and problems continuing within its own borders.
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.
Ireland to Use Bond, Not Cash, to Make Payment
Ireland will make a scheduled payment of 3.1 billion euros to the Irish Bank Resolution Corp. at the end of March with a bond, not with bailout cash.
Merkel-Sarkozy Meeting Disappoints Europe Markets
A much-touted meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy over strategies to cope with the euro zone’s debt woes disappointed investors Tuesday, and stocks echoed their disappointment in Wednesday morning trading, moving lower.