Economia
"The Eurozone crisis is coming to a head. This column is an open letter to European leaders imploring them to take decisive action this week. Any more delays could mark the end of the Eurozone as we know it.
The debt crisis has reached the core of the Eurozone.
•Italy and Spain are now directly involved in a serious credibility crisis.
•The creditworthiness of more than one-third of the Eurozone is being challenged.
For the first time, the very survival of the euro is at stake.
EU leaders gathering in Brussels on Thursday face a historical responsibility. It is essential that an agreement be reached on a plan that prevents further escalation of the crisis.
As economists actively involved in the policy debate, we have offered a number of suggestions. The common thrust of these proposals is that the expansion the European Financial Stability Facility (EFSF) is essential; it must be able to make banks strong enough to withstand a default by Greece. The EFSF should also be allowed to operate in secondary bond markets and be given operational flexibility and independence. There are many technical details and many variants of these proposals. The important thing is to acknowledge that leaders are out of time. Deciding to not decide could mark the end of the Eurozone as we know it."
(editorial do site Vox)
- Ler Os Outros: Eurozone At Breakpoint
Um post muito interessante no Alphaville: "Cailloux & Co expect the crisis to continue and threaten the entire euro area because policy makers still don’t understand market dynamics. A Greek debt swap might bring temporary relief but investors will...
- Ler Os Outros: Don't Blame Moody's For A Messy Euro Crisis - Wolfgang Munchau
"You can always gauge the temperature of the eurozone crisis by the blame game, writes the FT commentator. Last week, the cacophony briefly subsided when everybody who mattered accused the rating agencies of engaging in an anti-European conspiracy. This...
- O Que Está Por Trás Da Crise Do Euro E Como Vai Terminar?
CASH & CURRENCIESTHE CONTINENTAL ECONOMICS INSTITUTE CURRENCY REVIEW Antony P. MuellerWhat’s behind euro crisis and how will it end? While the pronouncement of the “euro crises” has become a main topic in the newsrooms and while a plethora...
-
ECB May Dig Deeper Into Crisis Toolbox as Leaders Mark ‘Date With Destiny’By Gabi Thesing and Jeff BlackThe European Central Bank may delve deeper into its toolbox today to stimulate bank lending and fight off a recession as Europe’s leaders...
- Europa' S Mega "bailout"
LUXEMBOURG (AP) -- Eurozone nations on Monday started setting up a massive bailout fund that could rescue any member of Europe's currency union from default, aiming to soothe market jitters that have sent the euro to a new four-month low against the...
Economia
A call to action: EU leaders must act to save the euro and avoid a recession
"The Eurozone crisis is coming to a head. This column is an open letter to European leaders imploring them to take decisive action this week. Any more delays could mark the end of the Eurozone as we know it.
The debt crisis has reached the core of the Eurozone.
•Italy and Spain are now directly involved in a serious credibility crisis.
•The creditworthiness of more than one-third of the Eurozone is being challenged.
For the first time, the very survival of the euro is at stake.
EU leaders gathering in Brussels on Thursday face a historical responsibility. It is essential that an agreement be reached on a plan that prevents further escalation of the crisis.
As economists actively involved in the policy debate, we have offered a number of suggestions. The common thrust of these proposals is that the expansion the European Financial Stability Facility (EFSF) is essential; it must be able to make banks strong enough to withstand a default by Greece. The EFSF should also be allowed to operate in secondary bond markets and be given operational flexibility and independence. There are many technical details and many variants of these proposals. The important thing is to acknowledge that leaders are out of time. Deciding to not decide could mark the end of the Eurozone as we know it."
(editorial do site Vox)
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- Ler Os Outros: Eurozone At Breakpoint
Um post muito interessante no Alphaville: "Cailloux & Co expect the crisis to continue and threaten the entire euro area because policy makers still don’t understand market dynamics. A Greek debt swap might bring temporary relief but investors will...
- Ler Os Outros: Don't Blame Moody's For A Messy Euro Crisis - Wolfgang Munchau
"You can always gauge the temperature of the eurozone crisis by the blame game, writes the FT commentator. Last week, the cacophony briefly subsided when everybody who mattered accused the rating agencies of engaging in an anti-European conspiracy. This...
- O Que Está Por Trás Da Crise Do Euro E Como Vai Terminar?
CASH & CURRENCIESTHE CONTINENTAL ECONOMICS INSTITUTE CURRENCY REVIEW Antony P. MuellerWhat’s behind euro crisis and how will it end? While the pronouncement of the “euro crises” has become a main topic in the newsrooms and while a plethora...
-
ECB May Dig Deeper Into Crisis Toolbox as Leaders Mark ‘Date With Destiny’By Gabi Thesing and Jeff BlackThe European Central Bank may delve deeper into its toolbox today to stimulate bank lending and fight off a recession as Europe’s leaders...
- Europa' S Mega "bailout"
LUXEMBOURG (AP) -- Eurozone nations on Monday started setting up a massive bailout fund that could rescue any member of Europe's currency union from default, aiming to soothe market jitters that have sent the euro to a new four-month low against the...