Bloomberg

News Opinion Markets Personal Finance Tech Politics Sustainability TV Video Radio

Euro Crisis

Greece

Photograph by Eirini Vourloumis/The New York Times/Redux

Goldman’s Best Bet Is Greece Won’t Exit Euro: O’Neill

“I can’t really see what the great attraction is for Greek voters” of their country leaving the euro, said Jim O’Neill, chairman of Goldman Sachs Asset Management. In this interview with Francine Lacqua, O’Neill said that “If you put a...

Read more »


Italian Prime Minister Mario Monti speaks with Bloomberg's David Tweed on Feb. 29

Photograph by Alessia Pierdomenico/Bloomberg

Italian Prime Minister Mario Monti speaks with Bloomberg's David Tweed on Feb. 29

Monti Expects Euro Debt Firewall Deal

Italy’s Prime Minister Mario Monti directed his not inconsiderable influence to German Chancellor Angela Merkel on Feb. 29, saying that despite her reluctance to discuss boosting Europe’s rescue fund right now, he still expects to have an agreement to beef...

Read more »

Greece was downgraded again by S&P on Feb. 27

Photograph by Petros Giannakouris/AP

Greece was downgraded again by S&P on Feb. 27

S&P Doesn’t Think Greece Is Unique

S&P took the historic decision on Feb. 27 of declaring Greece in “selective default.” I spoke with Moritz Kraemer, the head of sovereign ratings for S&P, who argued it’s simply a fact that Greece is in technical default as it...

Read more »

A sign at the central bank of Greece covered in graffiti on Feb. 12, 2012

Photograph by Simon Dawson/Bloomberg

A sign at the central bank of Greece covered in graffiti on Feb. 12, 2012

Greece May Have to Accept Escrow Account for Aid

Now that the Greek parliament has voted to accept austerity terms necessary to obtain a second EU/IMF bailout, the action moves back to Brussels on Feb. 15, when euro-area finance ministers meet to decide whether to unlock the funds. (Update:...

Read more »


A giant euro banner hangs on the side of the EU headquarters.

Photographer: Jock Fistick/Bloomberg

A giant euro banner hangs on the side of the EU headquarters.

Europe Back From the Precipice?

As EU leaders gather for a summit this afternoon in Brussels, people are asking if Europe is stepping back from the precipice and moving into a more chronic phase of the debt crisis. My response is not yet, but we...

Read more »

Irish  street protests against austerity measures have been relatively restrained

Irish street protests against austerity measures have been relatively restrained

Coping With Austerity

On the same day that German Chancellor Angela Merkel again swatted down the idea of issuing joint euro bonds to help ease sovereign debt in peripheral euro zone nations, Germany’s own bond issuance, which fell short of objectives, caused market...

Read more »