Debt

Article Information: Category: September 2011; Created on 29 September 2011

If German parliamentarians had said “no” this morning, the EU plan to increase its war fund to defend Greece’s credit would have been vetoed. Governments’ collective efforts around the world to save the euro would have hit a juddering crash and crack-up, with tsunami-like ripple effects on the global economy. That prospect seemed very alive only last weekend, driving down the euro’s value and stock prices.

Article Information: Category: August 2011; Created on 23 September 2011

Fears have spread through markets and finance ministries that the debt burdens and other problems in the eurozone could help plunge the world into a global recession.

With Washington now publicly engaging with European governments on these issues, a cogent analysis of the stakes for the U.S. and the limits of leverage for the Obama administration in promoting solutions appeared on NPR, the national U.S. public radio network.

Article Information: Category: August 2011; Created on 14 September 2011

Nervousness about a possible default on Greek debt visibly rippled throughout Europe last week. Calm returned, at least temporarily, after a meeting of eurozone finance ministers Friday, attended by Treasury Secretary Timothy Geithner – the first time a U.S. Treasury Secretary has participated in this kind of a eurozone ministerial meeting. In an interview earlier this week Geithner said, “I think they [European leaders] recognize they’re going to have to do more to earn the confidence of the world.”

Article Information: Category: EA August 2011; Created on 06 September 2011

Will the European Central Bank (ECB) remain as powerful under its incoming new head, zienermarkus Mario Draghi? A former head of the Central Bank of Italy, he has notably strong credentials. But no newcomer can be expected to bring to the job quite the same degree of credibility that has been acquired over the past eight years by the outgoing President, Jean-Claude Trichet.

Article Information: Category: August 2011; Created on 18 August 2011

Germans are not the only European voters who are reluctant to make bigger commitments to bailing out their more profligate neighbors on the eurozone’s periphery. Rather than rescue Greece (and other debt-stricken partners), most Dutch (54 percent) would rather see these countries leave the euro, according to a current public-opinion survey (August 14) by Maurice de Hond, a leading Dutch pollster.

European Institute

Euro! Back From the Brink – With Renewed Hope For Salvation (9/29)

Euro Crisis Recognized As Challenge for Global Economy (9/23)

Crisis Concern Escalates in Europe; All Eyes on Germany (9/14)

MARIO DRAGHI – WHAT WILL NOVEMBER’S CHANGE AT THE TOP MEAN FOR THE EUROPEAN CENTRAL BANK?

Dutch Voters Share German Reluctance to Subsidize Euro Laggards (8/18)

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