As many had anticipated, the EU finance ministers approved today the second bailout of €130 billion for Greece. This bailout came after many hours of deliberations and after the EU finance ministers impeded their approval since last week. What does…
The concerns regarding the faith of the European Union continue to grow; the recent agreement in the EU Summit in Brussels has failed to ease the speculation around the instability of the European Union. There are mixed signals regarding the…
After long and hard deliberations in the recent EU summit that was held in Brussels on Friday, December 9th there seems to be a basic agreement among 23 of the 27 European Union that call for stronger fiscal controls –…
Following the news from Italy that Silvio Berlusconi will step down from the position of Prime Minster the stability of Italy’s financials became unstable with sharp rises to Italy’s long term yields; ECB’s announcement to purchase Italian bonds helped stable the markets…
The speculation around the Greek Referendum is high: Following the big news that struck Europe of the Prime Minister of Greece Papandreou putting the EU plan of the Greek debt to a referendum, it was suggested that Papandreou will back out…
Following last week’s EU agreement on a reduction on the Greek debt, it seems that the crisis isn’t averted just yet: the Prime Minister of Greece Papandreou has put the European Union’s debt plan to a public vote by the…
After ten hours of deliberations the EU leaders have managed to reach an agreement regarding the main issues of the European debt crisis. The EU leaders agreed to make a 50% haircut on the Greek debt; they have also agreed…
The major currencies including Euro to US dollar conversion rate and Australian dollar /US dollar due to speculation over these economies’ progress. The Euro to US dollar conversion rate is declining probably due to the speculation around the economic recovery…
The debt crisis in Europe is among the major news that ended the week including the bailout funds that Portugal received from the IMF. Here are several recommended posts you may find interesting, some of them refer to the European…