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Finance & Economy
EU Bail-Out For Greece? Time Has Come, Reportedly, To Do It -- With Conditions Print Email
March 2010

Greek Signal by Germany (and France) will help Eurozone, not just Athens

The major nations of the eurozone have agreed on a $25 billion bail-out plan for Greece, a crucial first step in practical help and solidarity from the EU to help one of its weakest member-states survive its debt crisis.

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Independence and Regulatory Roles of U.S. and European Central Banks Get a Fiery Political Trial Print Email
February – March 2010
Written by Written by J. Paul Horne   

As the “Great Recession” recedes, the aftershocks of public anger are exploding with a political passion not seen since the Great Depression.. In this tumult, knives are out for the two leading central banks – the U.S. Federal Reserve (the Fed) and the European Central Bank (ECB), the agencies responsible for monetary policies underpinning the world’s most important economies and markets.

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Greece’s Financial Crisis: Implications for the Eurozone, the EU and the Transatlantic Economic Relationship Print Email
Roundtables
02/23/10

 

On February 23, 2010, The European Institute held a special breakfast meeting of its Transatlantic Roundtable on Financial and Monetary Affairs with His Excellency Vassilis Kaskarelis, Ambassador of Greece to the United States, who spoke about the implications of Greece’s financial crisis.
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Euro Zone Acts to Dodge Greece's Bullet --- But More to Come From PIIGS? Print Email
February 2010
Written by Sarah Geraghty   

But More Rounds Still Liable To Come From PIIGS

Greece seems set to tough out the financial tempest unleashed on the country by its huge fiscal over-runs and sovereign debt. That prospect could help relieve pressures on other troubled economies in euro zone, at least temporarily.

The break-through for Greece came this week when EU President, Herman Van Rompuy announced that "Euro area member states will take determined and co-ordinated action if needed to safeguard stability in the euro area as a whole.” In other words, the euro zone has not cracked in its worst-ever crisis – at least, not for now.

Last Updated on 08/03/10
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Spain's Presidency will Push Post-Lisbon Changes amid Economic Crisis Print Email
February 2010
Written by Sarah Geraghty   

Holding the EU’s rotating presidency for the first six months this year, Spain has laid out an agenda that highlights two themes: implementing the Lisbon agenda and helping Europe emerge from the economic crisis.

Spanish ambitions in the EU realm, however, are likely to be strongly colored and perhaps even skewed by the national challenges of reassuring its partners in the euro zone and world markets that Madrid can regain control of its worsening budget gap.

Last Updated on 08/03/10
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