TOKYO (Reuters) - Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about commitments from struggling euro zone economies to pursue austerity measures, widely seen by markets as crucial to resolving the bloc's debt crisis.
Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about commitments from struggling euro zone economies to pursue austerity measures, widely seen by markets as crucial ...
Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about whether Europe will continue to pursue austerity measures seen by markets as crucial to resolving the euro zone's debt crisis.
The recovery for most of the euro zone will certainly begin in the second half of 2013
PARIS — The eurozone’s crisis is far from over and its members must consolidate their budgets and forge a banking union to put the bloc on a more stable economic footing, the leaders of the IMF and European Central Bank said on Friday.
A small dose of reality has set in for a group of European central bankers: Euro Officials Begin to Weigh Greek Exit as Euro Weakens.
Greece’s possible exit from the euro moved to the center of Europe’s financial-crisis debate, rattling markets as authorities in Athens struggled to form a government.
By Stoyan Bojinov:The Euro zone debt crisis has been at the forefront since late 2009 when it became apparent that Greece was struggling to curb its towering deficit. Greece unsuccessfully implemented several austerity meassures aimed at restoring financial stability, ultimately succumbing to a bailout package in early May of 2010. History has repeated itself since then seeing as how Greek debt woes remain a burden despite a second bailout package.
The Euro fell Monday in Asian markets after the defeat of ruling parties in French and Greek elections, as investors worried about a knock-on effect on European austerity measures.At 7:25 am in Tokyo (2225 GMT Sunday), the euro was at $1.2982, down from $1.3082 on Friday at 2100 GMT in New York.In France, Socialist challenger Francois Hollande was set to be confirmed as France's president-elect, after his predecessor President Nicolas Sarkozy conceded defeat, according to nearly complete results issued on Sunday.
BRUSSELS (Reuters) - Europe needs to balance cutting its debt with measures to stimulate growth, the region's top economics official said on Saturday, as austerity threatens to drag the bloc into its second recession in three years. During the financial crisis, the message from Brussels has been that struggling euro zone countries must cut their budget deficits and carry out structural reforms to increase competitiveness. ...
The latest Greek deal is unraveling in multiple places already. The EMU wants to hold it together but can't. Cracks are wide, deep, and widening.
Greek Party Leader Might Seek to Renegotiate Terms
Social unrest harms hopes of Greek reform