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eurozone crisis

This tag is associated with 2 posts

How European Central Bank can safeguard the euro

Financial markets want the ECB to put its strong words of support into action when it meets in Frankfurt this week. Mario Draghi, president of the European Central Bank, has said the ECB will do ‘whatever it takes’ to safeguard the euro. Photograph: Alex Domanski/Reuters Mario Draghi’s blunt statement that the ECB will do “whatever [...]

Eurozone crisis: banks agree to 50% cut in Greece’s debt

Private investors take ‘haircut’ on Greek bonds in €100bn bailout deal that also strengthens European rescue fund. Europe’s leaders are claiming a victory in the eurozone crisis after agreeing new deals that halve Greek debt and increase the firepower of the main bailout fund to around €1trn. Athens will be handed a new €100bn bailout [...]

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