maandag, februari 15, 2010
Speculation on the demise of the euro
ith the euro under siege, some economists are arguing for radical solutions, like splitting the currency in two.Can the euro fall after all? Until recently, the scenario seemed unthinkable, but now that the European monetary union is falling apart at the seams, it suddenly seems realistic. Only 11 years after it was introduced to the financial markets, the currency has become the plaything of currency traders.
Read more >> | nrc.nl - International - Europe - Speculation on the demise of the euro
Labels: EU Policy, Euro zone, European Union, Financial Policy
- posted by DD @ 9:25 p.m. Perma Link/Print (0) comments
The Greek Crisis and Beyond
s euro-zone leaders face growing uncertainty in financial markets about the public finances of Greece and other member countries, their statements, albeit somewhat vague, underscore a much larger story – one that will force firms and investors to question their assumptions about Europe’s economic, financial, and political environment.Let’s first dispense with a powerful emerging myth. Greece’s troubles have encouraged some to wonder aloud if the euro zone can survive its growing internal imbalances. But such doubts ignore the political and cultural factors that buttress a deep European commitment to preserve the monetary union.
By Ian Bremmer
Read more >> | The Greek Crisis and Beyond - Project Syndicate
See also >> | Q&A With Ian Bremmer on State Capitalism - Foreign Affairs
See also >> | The Guardian
Recommended >> |
Labels: Euro zone, European Union, Financial Policy
- posted by DD @ 9:54 a.m. Perma Link/Print (0) comments
vrijdag, februari 12, 2010
EU leaders unified in eurozone's defence
reece told that any future financial aid would be conditional on economic reformEuropean Union leaders emerged from their summit in Brussels today asserting the unity of the eurozone, having told Greece that any future financial aid would be conditional on implementing budget cuts and economic reform.
The government leaders agreed to task their finance ministers with drawing up detailed plans of how financial support might be provided, in the event that Greece asks for it.
Read more >> | EU leaders unified in eurozone's defence | Policies | Economics | Management | European Voice
Labels: Euro zone, European Council, European Union
- posted by DD @ 2:43 p.m. Perma Link/Print (0) comments
dinsdag, februari 09, 2010
The Euro’s Final Countdown?
he introduction of the euro in 1999, it was claimed, would narrow the economic differences between the member countries of the monetary union. Unemployment rates would converge, as would other important macroeconomic variables, such as unit labor costs, productivity, and fiscal deficits and government debt. Ultimately, the differences in wealth, measured in terms of income per capita, would diminish as well.After the common currency’s first decade, however, increased divergence, rather than rapid convergence, has become the norm within the euro area, and tensions can be expected to increase further.
Read more >> | The Euro’s Final Countdown? - Project Syndicate
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Labels: EU Policy, Euro zone, Financial Policy
- posted by DD @ 9:58 a.m. Perma Link/Print (0) comments
vrijdag, februari 05, 2010
Investors Fear Europe’s Woes May Extend Global Slump
ust as America’s recession begins to ebb, trouble is brewing in Europe that may prolong a downturn on the Continent and ricochet through the global economy as it struggles toward a recovery.Read more >> | The New York Times
Labels: Euro zone, European Union, Financial Policy
- posted by DD @ 11:35 a.m. Perma Link/Print (0) comments
Crumbling Europe?
he worry du jour is the Iberian peninsula — Spain and Portugal. Greece is at least temporarily set aside. Watch for Ireland and Italy to join the list at some point.The euro block may be solid at the core — France, Germany, the Netherlands — but it is vulnerable at the fringes. These countries are facing huge budget deficits and the difficulty of competing economically without devaluing their currency. If they had not joined the euro, the devaluations would have taken place some time ago. Now they cannot.
Read more >> | The New York Times
Labels: Euro zone, European Union
- posted by DD @ 11:31 a.m. Perma Link/Print (0) comments
maandag, februari 01, 2010
Trouble in the Euro Zone
he real action at Davos, I am continually assured, lies in the casual behind-the-scenes meetings. But for those of us not wealthy or famous enough to fly to Switzerland, what Davos means is the large public meetings where wealthy and powerful people get together to make lengthy but uncontroversial statements about the problems facing our little globe. It’s the spoken equivalent of “We Are the World.”Read more >> | Trouble in the Euro Zone - The Atlantic
Labels: Davos, Euro zone, European Union
- posted by DD @ 8:04 p.m. Perma Link/Print (0) comments
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