Debt

Article Information: Category: March 2010; Created on 22 March 2010

It is welcome news that Germany seems to be swinging in favor of a role for the International Monetary Fund (IMF) in helping Greece salvage its financial credibility and reform its basic economic structures.

After weeks of pledges of political and financial support, Angela Merkel appears ready to send Greece crawling to the IMF. Germany cites legal reasons for its position. In past rulings, its constitutional court has interpreted the stability clauses in European law in the strictest possible sense. "It is hard to say whether this argument is for real or is just an excuse not to sanction a bail-out that would be politically unpopular. It is probably a combination of the two," according to Wolfgang Munchau in the Financial Times on March 21st.

Article Information: Category: March 2010; Created on 12 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.

Article Information: Category: Roundtables; Created on 23 February 2010

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.

Article Information: Category: February 2010; Created on 12 February 2010

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.

Article Information: Category: August 2009; Created on 19 August 2009

In the economic meltdown, the Central and Eastern European countries are among the hardest hit – as badly as Iceland and worse than most other European countries. The financial problems in the CEE region are particularly acute because these countries were already suffering from structural economic problems: inflation, an overhang of cheap loans in euros that now must be repaid in devalued national currencies; and falling demand for their exports. Now most of these countries need large loans from the International Monetary Fund (IMF), but must comply with strict IMF criteria liable to trigger hardships for their electorates and perhaps political turmoil. Here is an overview of the region.

Page 11 of 11

«
Start
Prev
2
3
4
5
6
7
8
9
10
11
Next
End
»

European Institute

IMF Involvement in the Greek Crisis Should be Welcomed -- As a “Face-Savior” for Germany

EU Bail-Out For Greece? Time Has Come, Reportedly, To Do It -- With Conditions

Greece’s Financial Crisis: Implications for the Eurozone, the EU and the Transatlantic Economic Relationship

Spain's Presidency will Push Post-Lisbon Changes amid Economic Crisis

Country by Country Snapshot of Central and Eastern Europe Reeling in Recession

EU e-Privacy Directive