BRUSSELS — Worries about Greece’s electoral turmoil and Spain’s spiraling borrowing costs are piling the pressure on European Union leaders meeting in Brussels on Wednesday amid renewed market pressure to keep the region’s debt problems from getting worse. Spain’s prime minister warned that his country can’t continue much longer with its current high borrowing rates [...]
Tag Archives: european debt
Why Germany Should Leave the Eurozone
Most discussion about a potential breakup of the Eurozone assumes that Greece and other financially troubled countries would be the ones who ended up abandoning the common euro currency. But there’s a compelling alternative to that conventional wisdom – that the true problems of the Eurozone could be best addressed if Germany were the one [...]
Eurozone Boosts Bailout Fund to $1 Trillion
COPENHAGEN, Denmark — The 17 countries that use the euro will put up €500 billion ($670 billion) in fresh money to help countries with debt troubles — a big increase from the previous €300 billion limit, but unlikely to calm concerns that large countries like Spain or Italy will not be protected if they run into trouble. [...]
Why the Latest Euro Zone Debt-Crisis Agreement Shows How Europe Just Doesn’t Get It
I just landed in Rome for some on-the-ground reporting on the latest twists and turns in the euro zone debt crisis, and I immediately got some sound insights from our reporter here, Stephan Faris. Stephan watches the situation in Italy more closely than I do, and he makes the point that Rome simply would not [...]
US Stocks Mixed as Greece Negotiates to Cut Debt
NEW YORK — Stocks are swinging between small gains and losses in midday trading Monday. European stock indexes and the euro rose on hopes that Greece will reach a deal with private creditors on lowering its debt. The euro neared its highest level against the dollar this year. The Dow Jones industrial average is down [...]