Today in Euro Crisis History: Annals of Soothsaying
February 19, 2009 Roubini Says a Sovereign May ‘Crack’ Amid Crisis Nouriel Roubini, the New York University professor who predicted the global credit crisis, said a “sovereign may crack” as officials try to bail out their financial systems. Europe’s debt...
Read more »Today in Euro Crisis History: Dept. of Diversions
February 18, 2011 JPMorgan Says It Was Tricked Into Keeping Lehman’s ‘Goat Poo’ Collateral Lehman Brothers Holdings Inc. tricked JPMorgan Chase & Co. into holding onto collateral that the bankrupt investment firm internally described as “goat poo,” according to a...
Read more »Today in Euro Crisis History: Department of Rewrites
February 15, 2010 Juncker Says Greek Finances Are Internal Greek Problem Luxembourg’s Jean-Claude Juncker, who heads the euro group of ministers, said Greece is “responsible” for budget consolidation and the country’s difficulties are an “internal problem.” Europe’s debt crisis only...
Read more »Today in Euro Crisis History: Annals of Innocence
February 14, 2010 Trichet Says Promises by European Leaders, Greece Are ‘Enough’ European Central Bank President Jean-Claude Trichet said promises made last week by Greece and the 26 other European Union governments on finances and the stability of the euro...
Read more »Today in Euro Crisis History: Tail Risks
February 13 2010 ‘Euro Is Sound,’ ECB’s Draghi Says as He Urges Greek Budget Cuts European Central Bank council member Mario Draghi said the euro remained “sound” after the European Union pledged to support Greece in a bid to ease...
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Photograph by Jock Fistick/Bloomberg
Greek Prime Minister George Papandreou at EU Summit in Brussels, Feb. 11, 2010
Today in Euro Crisis History: Annals of Market Intelligence
February 12, 2010 BlackRock Says Greece Is No Lehman, Buys Its Bonds BlackRock Inc., the world’s biggest asset manager, increased its Greek bond holdings, betting the European Union won’t allow the nation to default as Prime Minister George Papandreou cuts...
Read more »Today in Euro Crisis History: The First Crisis Summit
February 11, 2010 EU Demands Greek Cuts in Bid to Uphold Euro Stability European leaders ordered Greece to get the bloc’s highest budget deficit under control and promised “determined” action to staunch the worst crisis in the euro currency’s 11-year...
Read more »Today in Euro Crisis History: A Pause for Introspection
February 8, 2012 EU Says It’s Not Ready to Contemplate Greece Leaving the Euro The European Commission said it is united in wanting to keep Greece in the euro and isn’t mulling a Greek exit. “This is not a scenario...
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Photograph by Filippo Monteforte/AFP via Getty Images
Silvio Berlusconi at the Palazzo Chigi in Rome, on Feb. 6, 2010
Today in Euro Crisis History: Dept. of Déjà Vu
February 6, 2010 Berlusconi Says Italy Handling Crisis Best in EU Italian Prime Minister Silvio Berlusconi said Italy is standing up to the financial crisis better than all other European countries, news agency Ansa reported. Europe’s debt crisis only seems...
Read more »Today in Euro Crisis History: High Stakes Drama
February 5, 2012 Greek Bailout Hangs on Razor’s Edge as Reforms, Cuts Sought Greece’s efforts to win a second bailout from international creditors teetered in the balance as negotiations in Athens failed to clinch an agreement. “The distance between success...
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