Euro-area finance ministers will meet in Copenhagen on March 30 to weigh whether to expand the 17-nation region’s financial crisis firewall. At stake is the future of the region’s two rescue funds, the temporary European Financial Stability Facility and its permanent successor, the European Stability Mechanism.
March 28, 2012
March 27, 2012
Euro zone to bolster firewall; Spain concerns grow
BRUSSELS: Euro zone finance ministers are ready to sign off on an increase in the region's financial firewall this week, with concerns about Spain's fiscal position banishing any complacency that the currency bloc's debt crisis is a thing of the past.
March 24, 2012
Republic of Ireland falls back into recession
The Republic of Ireland fell back into recession in the last three months of 2011, official figures have shown.
March 23, 2012
Geithner Says Euro Crisis Economies Have Made Progress
WASHINGTON -- Treasury Secretary Timothy Geithner Monday said Europe's financial crisis has already caused significant damage to the U.S. recovery, and urged the continent's leaders to take further steps to shore up their economies.
March 22, 2012
Greek Parliament Approves Second Bailout
ATHENS—Greece's Parliament approved a new international bailout deal, which will see the crisis-hit country receive an additional €172 billion ($227 billion) in rescue loans, setting the stage for a round of harsh measures that the country's international creditors have set as a precondition for the funds.
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