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Posts related to ‘European Stability Mechanism’

Germany Rebuffs IMF Pressure for Stimulus

Posted: October 12, 2012 at 6:58 am

Germany wants nothing of the International Monetary Fund pressure to allow some money that will go to Europe's financially weakest nations to be used for stimulus and not to underwrite ...
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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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German Constitutional Court Will Not Delay Its Ruling

Posted: September 11, 2012 at 6:47 am

There was some worry that late challenges to whether Germany can legally help fund the bailout of many of its neighbors would slow a decision about its constitutionality of such ...
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Spain’s Flat Spin Continues as GDP Falls

Posted: August 28, 2012 at 6:33 am

The notion that Spain's economy could recover from the current flat spin on its own always was wildly improbable. The country does not have the means, either in its manufacturing, financial or service ...
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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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Germany Says “No” to Banking Union

Posted: May 30, 2012 at 8:59 am

It didn’t take long for Germany to respond to a report from the European Commission proposing that the European Stability Mechanism be empowered to lend directly to banks. From Market ...
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Eurozone Should Consider “Banking Union”

Posted: May 30, 2012 at 7:56 am

The executive branch of the European Union -- the European Commission (EC) -- is set to release a report today that recommends allowing the funds in the European Stability Mechanism ...
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What Went Wrong with Europe’s Firewall

Posted: April 16, 2012 at 6:35 am

A number of Europe’s leaders made a mistake when they created the firewall meant to stave off concerns about the region’s sovereign debt. They believed that a set of funds ...
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Europe May Raise $1.3 Trillion Bailout Fund

Posted: March 29, 2012 at 6:13 am

Europe pressed closer to raising the value of all of its bailout funds to a total of $1.3 trillion. Many economists believe that this sum will calm the global capital ...
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Eurozone Bailout: Germany Decides to Pay Later Instead of Now

Posted: February 23, 2012 at 6:53 am

Germany has made it clear once again that it believes the new 500 billion euro European Stability Mechanism (ESM) is adequate for future bailouts in the region. The International Monetary ...
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What’s Important in the Financial World (1/31/2012) Apple Retail Chief, EU Unemployment

Posted: January 31, 2012 at 6:45 am

EU nations, led by Germany, have approved a permanent bailout fund, the European Stability Mechanism, which has 500 billion euros. But that does not mean a rescue for Greece. On ...
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Eurozone Economic Contraction Confirmed

Posted: October 5, 2011 at 6:36 am

The research firm Markit finally confirmed what economists and politicians had feared. The September PMI of the 17-nation eurozone showed trouble. The final number is 49.1, with anything below 50 ...
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Policy Uncertainty, EU’s Fatal Flaw, Grows

Posted: September 25, 2011 at 8:02 am

The ECB will continue to buy the bonds of financially troubled EU nations, but it won’t say for how long. This forces capital markets investors to see the rescue of ...
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