Europe
Here is the collection of articles related to European Economy
Economy, Europe. 21 July, 2011, 18:58
Greek Tragedy: Selective Default On The Table
After more than a year of useless bailout and discussion which wasted everyone’s time, a selective default is finally on the table for Greece.
Economy, Europe. 12 July, 2011, 17:30
Greek Default Is An Option, While Italy Is Sinking
Greek selective default is now on the table again, while the mess continues to unfold in Italy. Euro is at its 4-month low.
Economy, Europe. 11 July, 2011, 22:26
La forza del destino: Chinese Rating Agency Puts Italy On Watch
Italian banks shares sell-offs continueon Monday with sell-offs in everything Italian. Meanwhile, Chinese rating agency put Italy on negative watch.
Economy, Europe. 11 July, 2011, 1:03
La forza del destino: It’s Italy’s turn
After the sell-off of Italian shares last week, European Council will hold emergency meeting to discuss the contagion of European debt crisis.
Economy, Europe. 7 July, 2011, 20:04
Europe: European Central Bank Raises Interest Rate To 1.5%
The European Central Bank raises the key interest rate by 25 basis points, in-line with expectation, and just as hinted by Jean-Claude Trichet.
Economy, Europe. 4 July, 2011, 5:33
Greek Tragedy: Can Kicking
An immediate default of Greece is probably averted, but as we all know, it is a problem far from being solved.
Economy, Europe. 29 June, 2011, 21:22
Greece’s Parliament Passed The Crucial Austerity Vote
The Greek Parliament just passed th €28 billion medium-term austerity plan, which paves way for the next tranche of €12 billion bailout.
Economy, Europe. 29 June, 2011, 4:12
Greek Tragedy: Ahead Of The Crucial Vote
Consensus is growing that the vote on austerity measures will be passed, while the French plan on voluntary roll over will probably be treated as default anyway.
Economy, Europe. 27 June, 2011, 4:27
Greek Tragedy: The Vote, French And German Banks Negotiation, And China
Greek MPs will be voting on Austerity; German and French banks are negotiating with their governments; Wen Jiabao pledged to support Europe.
Economy, Europe. 24 June, 2011, 4:57
Greek Tragedy: Investors Need To Sober Up
Investors reacted to the headline that Greece has struck a deal with EU/IMF on austerity favourably, while not realised that it was not the real deal.
Economy, Europe. 22 June, 2011, 6:07
Greek Ruling Socialist Party Wins Confidence Vote
Prime Minister George Papandreou and the PASOK party survives the cote of confidence. Now it’s time to get the austerity package pass the parliament.
Economy, Europe. 22 June, 2011, 4:46
Economic Historian: Debt Reduction Is The Only Solution For Greece
The experience of Germany in the 20th Century tells us that the best solution for the Greek problem is to allow a haircut.
Economy, Europe. 21 June, 2011, 16:18
Greek Tragedy: Wishful Thinking On Its Public Finances
Even if Greece can secure the next instalment of the bailout money, the public finance of Greece remains awful, and the bailout will not solve any problem.
Economy, Europe. 21 June, 2011, 3:05
Greek Tragedy: Deal Or No Deal
If the Greek Parliament can’t pass the new austerity measures in two weeks, the next €12bn funding will be withheld, and default will be likely.
Economy, Europe. 18 June, 2011, 4:21
Greek Tragedy: An Intermission, With Noises From Italy
Calm before the storm? Worries over Greece faded as the PM waits for the vote of confidence. Meanwhile, there are noises from Italy.
Economy, Europe. 16 June, 2011, 23:27
Greek Tragedy: Getting Even More Tragic
If George Papandreou cannot obtain the vote of confidence this weekend, a disorderly default might be a more likely outcome.
Economy, Europe. 16 June, 2011, 2:09
There Will Be Blood In The Eurozone
EU commissioners are deeply worried about Greek situation, and expect the markets to “smell blood” in the near future.
Economy, Europe. 15 June, 2011, 20:05
Greek Tragedy: Everything Is Falling Apart
Greece is facing an awful public finance, a internal political turmoil, and the absudity of the Euro. Nothing is looking good.
Economy, Europe. 13 June, 2011, 19:41
Greek Tragedy: The Political Mess Of Europe
The fiscal and economic mess in peripheral countries are no doubt becoming a political is for the entire Europe.
Economy, Europe. 11 June, 2011, 23:33
Greek Tragedy: European Banks Vs. US Banks
Greece will most probably default without any help, but she is not allowed to because banks would not want to see this happening.