Tag: Euro

• Monday, July 23rd 2012 - 09:20 UTC

  ECB chief says “Euro is irreversible”; praises will to create supranational bodies

  

  European Central Bank President Mario Draghi said that the Euro was not in danger despite some analysts' worse case scenarios for a break-up and said that greater financial, budgetary and political union among Euro zone countries was inevitable.

• Wednesday, July 11th 2012 - 03:03 UTC

  Roubini says ‘perfect storm’ is closer; forecasts Finland will leave the Euro before Greece

  

  Nouriel Roubini, or “Mr. Doom” who predicted earlier this year that a “perfect storm” scenario would play out in the global economy, has now said that his prediction is coming true, pointing to slow growth currently hitting the United States, Europe and China.

• Wednesday, June 13th 2012 - 06:28 UTC

  Stressed Lagarde’ faux pas: “more shortly than three months to save the Euro”

  

  Action to save the Euro is required in “more shortly than three months,” International Monetary Fund Managing Director Christine Lagarde said in an interview to CNN. The IMF chief response came after a reporter pressured the official to access billionaire investor George Soros’ remarks that Euro leaders had three months to save the Euro.

• Monday, June 11th 2012 - 03:52 UTC

  Positive reactions to Spanish bail out, but next Sunday Greece puts the Euro to test

  

  The future of the Euro may be determined in the coming weeks, as Greek voters decide whether to honour the country’s international bailout and create a first test for Spain’s newly built 100 billion-Euro banking firewall.

• Friday, June 8th 2012 - 20:51 UTC

  Bank of England stand-by on optimism over a solution to the Euro debt crisis

  

  The Bank of England has resisted injecting further emergency liquidity to the UK economy as optimism over finding a solution to the Euro zone debt crisis grew.

• Tuesday, May 29th 2012 - 04:02 UTC

  Spain calls on Europe for a show of force “to dissipate any doubts about the Euro”

  

  Spanish Prime Minister Mariano Rajoy called for a show of force from European authorities as his government sought ways to avoid tapping markets to fund the bailout of the nation’s third-biggest lender.

• Friday, May 25th 2012 - 20:44 UTC

  Germany should exit the Euro and revalue its currency, suggests top economist

  

  Germany should exit the Euro and revalue its currency as “damage control” to avoid the effects of contagion stemming from a Greek exit, which would cripple banks and trade in Europe, according to former Argentine Finance Secretary Guillermo Nielsen.

• Wednesday, May 23rd 2012 - 18:38 UTC

  Euro-zone tells members to prepare contingency plans for a possible Greek exit

  

  Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing but “manageable”.

• Tuesday, May 22nd 2012 - 03:11 UTC

  Banker launches another challenging controversial book with Germany as the “Euro-zone hostage”

  

  Former German central banker Thilo Sarrazin, whose musings on Muslim immigrants sparked outrage in 2010 has triggered fresh controversy with a book that paints Germany as the Euro zone's hostage, forced to pay out vast sums to atone for the Holocaust.

• Thursday, April 12th 2012 - 17:11 UTC

  Soros tells Germany preparing for “end of the Euro” only worsens the situation

  

  Billionaire investor George Soros said financial markets are concerned other countries will follow Germany’s Bundesbank in girding against the end of the Euro.