I see the formula for a euro debt deal emerging–weaker than we hoped but no worse than we feared
Now that the German Bundestag has signed off on the idea of some kind of leverage scheme (details, of course, still to come), the big remaining obstacles to getting a grand plan from the European summit that begins tonight both center on banks.
Nicolas Sarkozy to the financial markets: Let them eat accounting rules!
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...Confusing and contradictory euro debt news today (What else is new?) but grand plan still seems on track (if not exactly on schedule)
Huh? This morning the meeting of European Union Finance Ministers scheduled for Wednesday was cancelled. But the meetings of the political leaders of the 27 European Union countries and of the 17 EuroZone countries will go ahead as scheduled. I think that’s actually a positive
There will be a euro debt deal and the markets will, probably, continue to rally–but just how long can this charade go on?
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...Rumor after rumor hits stocks as euro-debt summit nears
Has the bar been set so low by a week of chaos tht even an inadequate plan will be a relief to the financial markets?
It may be a smaller bazooka but France and Germany seem near to loading up the gun in the euro debt crisis
The amount may be $1.4 trillion rather than $2.8 trillion but yesterday’s report of a deal between France and Germany seems like it was on the right track
Germany and France reported to agree on $2.7 trillion bazooka to fire at the euro debt crisis; U.S. stocks soar on story
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...Germany’s Merkel tries to lower expectations for any grand plan to end the euro crisis
German Chancellor Angela Merkel wants everyone to understand that the grand plan France and Germany have pledged to deliver by the end of this week won’t fix everything in the euro debt crisis.
Can Brazil and China provide the big idea for fixing the euro debt crisis that the markets are looking for?
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...Slovakia’s parliament votes “yes” on expanded rescue powers to attack euro debt crisis–now on to the tough stuff
Today Slovakia’s parliament voted 114 to 30 to approve expanded powers for the European Financial Stability Facility. The vote means that all 17 members of the EuroZone have now approved the measure.
Slovakia schedules euro re-vote for Friday; “yes” almost certain
Less than 24 hours after Slovakia’s parliament rejected a measure that would have made the country the last member of the EuroZone to approve new powers for the European Financial Stability Facility, the country’s political parties have scheduled a second vote on Friday, October 14.