Revelations that Banca Monte Paschi hid details of structured finance deals that may produce hundreds of millions of euros in losses is embroiling everyone from Italian Prime Minister Mario Monti to European Central Bank President Mario Draghi, while providing fodder...
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Photograph by Alessia Pierdomenico/Bloomberg
Monte Paschi Provides Fodder for Berlusconi Attacks on Rivals
Today in Euro Crisis History: Best-Laid Plans
January 31, 2010 EU Plans to Tell Greece to Cut Public Sector Salaries The European Commission will recommend Greece’s government cut public-sector salaries and improve tax collection, the Financial Times reported, citing a draft proposal. Europe’s debt crisis only seems...
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Photograph by Michele Tantussi/Bloomberg
German Economy Minister Rainer Bruederle in Berlin on Jan. 27, 2010
Today in Euro Crisis History: Trial Balloon Dept.
January 30, 2010 Germany’s Bruederle Rules Out Bailout for Greece German Economy Minister Rainer Bruederle ruled out a rescue for Greece, as officials in Athens struggle to tame the euro area’s biggest budget deficit. “I don’t think that a bailout...
Read more »Today in Euro Crisis History: Annals of Awesome
January 29, 2010 ALMUNIA SAYS EUROZONE HAS NO ‘PLAN B’ ON GREECE Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous years that highlight the...
Read more »Today in Euro Crisis History: Dept. of Diversions
January 28, 2010 Papandreou Says Greece Won’t Seek Loan From EU Partners Prime Minister George Papandreou said his country doesn’t need to borrow from European partners to finance its budget deficit, the second denial in as many days that Greece...
Read more »Today in Euro Crisis History: As the Door Was Closing
January 25, 2010 Greece Sells 8 Billion Euros in Notes After Offering Premium Greece sold 8 billion euros ($11.3 billion) of five-year notes at a premium to ensure the county’s first bond issue since being downgraded was a success. Europe’s...
Read more »Today in Euro Crisis History: They Get It Right Sometimes (Davos Ed.)
January 23, 2007 Summers, Trichet Warn Davos Party-Goers They Underestimate Risk Lawrence Summers has a message for investors heading to the Swiss mountain resort of Davos this week to toast a year of booming returns and record bonuses. “It’s worth...
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Photograph by Odd Andersen/AFP via Getty Images
In Snowy Berlin, Merkel and Hollande Claim There’s a Spark
If nothing else, Angela Merkel and Francois Hollande say they have chemistry. The two leaders may not have reenacted the 1963 embrace between West German Chancellor Konrad Adenauer and French President Charles de Gaulle at the Elysee Palace. But they...
Read more »Today in Euro Crisis History: Dept. of Buyer’s Remorse
January 22, 2006 Greece to Favor Credit Agricole in Emporiki Sale The Greek government will favor Credit Agricole SA of France in a planned sale of its stake in Emporiki Bank of Greece SA, the country’s fourth-biggest lender, daily newspaper...
Read more »Today in Euro Crisis History: That Was Then
January 21, 2008 Lagarde Says EU Growth Prospects Better Than U.S. on Solid Fundamentals Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous years that...
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