(Reuters) - Euro zone countries are trying to find a way to pay for the repair of their broken banks, testing governments' resolve to come clean on the problems that have festered since the global financial crisis.
Showing posts with label Europe's financial system. Show all posts
Showing posts with label Europe's financial system. Show all posts
October 13, 2013
September 28, 2013
Europe's plan to address weak banks risks unraveling
(Reuters) - The European Central Bank's (ECB) plan to test the health of the euro zone's largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc's final chance to put its financial crisis behind it.
October 13, 2012
IMF chief urges action in tackling euro crisis
TOKYO (AP) — The head of the International Monetary Fund on Thursday called for urgent action to tackle Europe's debt problems and an approaching fiscal crisis in the U.S., warning that the struggling world economy is already falling short of even pessimistic expectations.
March 10, 2012
Greek bailout gives Europe time to build defenses
WASHINGTON: Greece got the rescue. But it's the rest of Europe that's breathing easier. A $172 billion ((euro) 130 billion) bailout isn't likely to keep Greece from eventually defaulting on its debts and abandoning the euro, many economists say.
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