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Posts related to ‘ESM’

Fitch: European Stability Mechanism ‘AAA’

Posted: October 8, 2012 at 2:32 pm

Fitch Ratings today bestowed a ‘AAA’ rating on the European Stability Mechanism (ESM) that began its operations today and replaced the temporary European Financial Stability Fund (EFSF). Fitch’s rating is ...
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IMF Pushes ECB on Bank Union, Fiscal Integration

Posted: July 18, 2012 at 12:56 pm

The European Union and the European Central Bank (ECB) can no longer just kick the can down the road if they hope to solve the financial crisis in the Eurozone. ...
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Spain Pleads for Help

Posted: June 5, 2012 at 12:49 pm

The continuing difficulty that Spain faces in persuading investors to buy the country’s sovereign debt got a little worse today. Treasury Minister Cristobal Montoro told a Spanish radio station that ...
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Eurozone Raises Firewall to €700 Billion

Posted: March 30, 2012 at 9:10 am

The European Union has agreed to raise its so-called “firewall” to a total of €700 billion, an increase of 40% over its previous maximum but still short of a hoped-for ...
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