Meeting budget-deficit targets isn’t France’s strong suit, but it’s looking increasingly likely that President Francois Hollande will be given some breathing space next week, when the European Commission puts out economic forecasts for the euro zone. The previous forecasts, in...
Read more »France Is Psyched for Deficit Valentine
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 »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 »Merkel Won’t Lighten Davos Downbeat Growth Deliberations
As Europe’s political celebrities pack warm for the World Economic Forum in Davos next week, expectations of what they’ll achieve there are about as low as their economies’ growth rates. The Swiss mountain-resort pow-wow is shaping up to be a...
Read more »Euro Crisis Drops in Search Rankings — But May Not Be Over
The euro crisis is not on the mind of investors as much as it was over the past two years. The most recent day for which data is available shows references to “euro” and “crisis” within three words of each...
Read more »Today in Euro Crisis History: Annals of Austerity
January 9, 2003 Chirac Says Budget Austerity Inappropriate While Growth Weak 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 roots,...
Read more »France’s Rich Ponder Choice Over Austerity: Fight or Flight?
Actor Gerard Depardieu has taken up residence in Nechin, Belgium, less than a mile from the French border, escaping from a 75 percent tax on incomes above 1 million euros imposed by the French government. He follows billionaire Bernard Arnault,...
Read more »Collapse? Slow Decline? Renaissance?
Just as the ceremony awarding the Nobel Peace Prize to the European Union was coming to a triumphant, Beethoven-accented crescendo in Oslo yesterday, spy agencies in Washington released their unclassified guesstimates about the world in 2030 with pointed words for...
Read more »Today in Euro Crisis History: Annals of Irrelevance
December 5, 2011 S&P: RATINGS ON EUROZONE SOVEREIGNS ON CREDITWATCH NEGATIVE (French 10-year yields have fallen 130 basis points in the past 12 months.) Europe’s debt crisis only seems like it has gone on forever. This series of blog posts...
Read more »Today in Euro Crisis History: Tantrums Dept.
November 2, 2011 SARKOZY SAYS GREECE WON’T GET ‘SINGLE CENT’ WITHOUT ENACTING PLAN 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...
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