Portugal’s 10-year bond yield jumped more than a percentage point in the past month to levels that may test European Central Bank President Mario Draghi’s pledge to buy bonds of crisis-torn countries.
Showing posts with label European Stability Mechanism. Show all posts
Showing posts with label European Stability Mechanism. Show all posts
Thursday, June 27, 2013
Friday, October 12, 2012
Spain downgraded by S&P
Standard & Poor's lowered its credit rating for Spain on Wednesday, in a move that could complicate Madrid's effort to avoid requesting a financial bailout.
Monday, September 10, 2012
E.C.B. Offer Can't Be Left on the Shelf
The European Central Bank’s bond-buying program has bought Spain and Italy time to stabilize their finances.
Sunday, September 9, 2012
London investors to track another key week for eurozone
LONDON: Investors on the London stock market were set to pay close attention next week to the latest chapter in the eurozone crisis, while also tracking British company earnings and official economic data.
Friday, August 3, 2012
ECB's eurozone crisis remedy runs into German resistance
Mario Draghi outlined plans on Thursdayfor the European Central Bank and the eurozone's two bailout funds to go on a bond-buying spree to cut the rocketing costs of borrowing for Spain and Italy, but ran into stiff German resistance to his campaign "to do anything" to save the euro.
Wednesday, July 11, 2012
Banking Union: Perhaps Too Little, Too Late
PARIS — Signs are growing that Europe’s economic and monetary union may be fragmenting faster than policy makers can repair it.
Saturday, June 30, 2012
Germany Caves In On Euro Crisis And The Markets Love It, So Far
Germany appears to have done a major U turn on allowing Spain and Italy’s economies a respite through direct funding of their banks.
Tuesday, February 28, 2012
German lawmakers approve new Greek bailout
The German parliament approved a second, 130 billion ($173 billion) loan package for Greece on Monday after Chancellor Angela Merkel warned lawmakers that it would be irresponsible to abandon the country to bankruptcy.
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