European leaders were locked in deep divisions over the future of Greece and the single currency, with Germany and France at loggerheads for the first time in 30 months over how to restore confidence in the euro.
May 23, 2012
Germany insists no eurobonds to solve debt crisis
BERLIN: Germany has again made clear its opposition to French proposals for jointly-issued bonds from the 17-nation eurozone as a way to create economic growth and ease the region's financial crisis.
May 21, 2012
Greeks fearful of euro exit as crisis gathers
THENS: Greeks fear that if their country is forced out of the eurozone, and much of the speculation is that it will be, then they will face soaring prices with the return to a drachma which must fall sharply.
May 20, 2012
A War of Words Over the Euro Crisis
BERLIN — A telephone conversation on Friday between Germany’s chancellor and Greece’s president became the latest flashpoint in the war of words between Berlin and Athens in the unfolding crisis over Greece’s membership in the euro.
May 19, 2012
Greek euro exit could throw UK 'into long-term recession'
Greece leaving the euro could plunge Britain into a recession that would cause lasting damage to the economy, the chair of the Office for Budget Responsibility, Robert Chote, has said.
Subscribe to:
Posts (Atom)