IMF buys Europe more time to patch the Greek debt crisis
The International Monetary Fund has decided not to stick to the letter of the rules. The IMF executive board has signaled that it will release the next $17 billion in rescue funding for Greece in early July on a promise.
Could Vienna II offer a way out of the Greek debt crisis?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...S&P jumps Greek debt rating closer to default–which may actually help end the crisis
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Politics in Europe, the U.S., and China make 2011 safer than it looks for the global economy–but watch out for 2013
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Euro politicians play chicken before they kick the (debt) can
The German government and European Central Bank are playing “huhn” with the euro and the Greek debt crisis. With the deadline for coming up with a new “solution” to the Greek debt crisis coming up fast—June 24 is the date that keeps coming up—both sides have stepped up the rhetoric.
Euro interest rates to rise in July and the euro should follow
Jean-Claude Trichet, head of the European Central Bank, spoke the magic words today: “Strong vigilance.”
The financial markets can now anticipate an interest rate increase when the bank meets in July. T
A new rescue package for Greece is a bit closer today
Europe has inched closer today toward a deal on a new Greek rescue package that would backstop the country’s finances into 2013 and 2014. The European Central Bank is now saying that it would be okay with a “soft restructuring.”