As Greece gives its marching orders to the Troika – five reactions
Greece’s new Syriza-run government re-writes the timetable for dealing with its huge debts, saying to Europe’s money men: “go ahead punk – make my day”.
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Greece’s new Syriza-run government re-writes the timetable for dealing with its huge debts, saying to Europe’s money men: “go ahead punk – make my day”.
Greece’s deep-seated problems are decades old and normal. What’s abnormal is the chance to blow it all away.
The European Central Bank enters the last chance saloon as it prepares to pump over one trillion euros into the Eurozone’s fragile economy – can it possibly work?
The European Central Bank will pump 1.1tn euros (£840bn) into financial markets until September 2016 in a last-ditch attempt to prevent the fragile eurozone economy from grinding to a halt.
For all its recent moderation, and the clear professional expertise of its economics team, no party like Syriza has ever been in power in a European democracy.
Germany’s economy is spluttering, deflation is growing and the UK’s FTSE is going nowhere – did the post-Lehman crisis ever go away?
Germany suffers its sharpest drop in industrial production since 2009 – boosting fears that the EU’s economic powerhouse could head for recession and trigger a crisis across Europe.
As the Eurozone project goes on failing, it is dragging the institutions and economies of Europe into a zone of disrepute that will drive anti-EU sentiment here.
After every financial crash there’s a danger of stagnation, deflation and depression. Europe had to look that danger squarely in the face, and act.
The new Governor was in his element at the early unveiling of the concept for the Jane Austen £10 note. I quoted back the Austenism to be used on the note at Governor Carney: “I declare after all there’s no enjoyment like reading!”, asking if it applied to the MPC minutes, “for a very sad group of people that is true,” he told me.
Anger is growing among Cypriots as they queue at cashpoints to withdraw their savings due to the bailout.
As Cyprus prises itself from the jaws of bankruptcy, the island’s savers face a big bill to dig the island out of its financial mess, reports Faisal Islam.
European finance ministers agree to provide 40bn euros to ease Greek’s debt crisis after three years of false starts.
There are rumours of a mini-breakthrough in wrangling over the EU bailout fund.
Germany’s leading court rejects calls to block the establishment of a permanent fund to support indebted countries.