Euro debt crisis

France and Germany are proposing a €500bn ($545bn; £448bn) European recovery fund to be distributed to EU countries worst affected by Covid-19.

Keynote speech by Mr Olli Rehn, Governor of the Bank of Finland, at the Conference on financial market policy, at the Economic Council (CDU Wirtschaftsrat Deutschland), Berlin, 29 January 2019. Olli Rehn, Governor of the Bank of Finland As the euro turned twenty at the beginning of this year, it is ...

Europe: The risks Here are the main risks that Europe faces in the next six months. France economy Greece Deutsche Bank Austria Brexit We are cautious on EUR and on European equities. EU is entering an unchartered territory. Growth is not strong enough in the eurozone at the moment and ...

Should Greece Leave the Eurozone? Poll Vote now [yop_poll id=”1″]

By Wim Grommen, a teacher in mathematics and physics and later a trainer of programmers in Oracle software. He has also studied and written about transitions, social transformation processes, the S-curve and transitions in relation to market indices. Originally presented at an international symposium in Valencia: “The Economic Crisis: Time ...

Forty Australian economists issued a statement prior to the Greek national elections on January 25 claiming that the debt recovery program is unsustainable. They criticize the austerity program imposed by the Troika of the Europen Commission  (EC), European Central Bank (ECB) and the International Monetary Fund (IMF) as a “failure”. ...

Euro Interbank Offered Rate. The Brussels-based European Banking Federation’s Euro-denominated counterpart to LIBOR. As of January, 1999, Euribor seems to be winning its battle for acceptance over the British Bankers Association’s Euro LIBOR (q.v.), but London still hopes to win the war for the financial business. On 1/7/99 LIFFE announced ...

German Chancellor Angela Merkel’s center-right Christian Democratic Union was within striking distance of an absolute majority in Parliament after elections. FDP is Merkel’s current junior coalition partner and will probably stay out of parliament. The small party receives only 4.5% in exit polls, and the margin of error is small. ...

Greece, agreed to sell two banks as part of an effort to appease its international lenders and consolidate its beleaguered banking sector, says the Hellenic Financial Stability Fund has chosen Eurobank (the fourth largest lender) to buy New Hellenic Postbank. The irony: The rescue vehicle owns 100% of Postbank and ...

Greece: New unemployment record at 26.9% in April Unemployed increase by almost 195,000 more in one year from April 2012 – Employed declined by approximately 160,000 The unemployment rate in Greece rose to even higher levels, highlighting in the most vivid way that this problem, at least for now, is ...