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Showing posts with label single currency. Show all posts
Showing posts with label single currency. Show all posts

Monday, July 13, 2015

With cash fast running out, Greek bank failures loom

The banks have been leaking cash at a rate of more than €100m a day even with capital controls that were imposed to restrict withdrawals, one banker said.

Sunday, May 18, 2014

Italy's Berlusconi says was forced from office by EU 'plot'

(Reuters) - Former Italian Prime Minister Silvio Berlusconi repeated accusations on Wednesday that he was forced out of office at the height of the euro zone crisis in 2011 as the result of a "plot" by European Union officials.

Monday, November 11, 2013

Euro can only succeed via political union: Greenspan

FRANKFURT: The euro can ultimately only succeed if EU countries agree to a political union, the former head of the US Federal Reserve, Alan Greenspan, said in an interview Sunday.

Sunday, November 25, 2012

EU, IMF working on Greek debt compromise: Official

ATHENS: The EU and the International Monetary Fund are working on a compromise to break deadlock on Greece's debt mountain which has held up the latest rescue loans, a Greek finance ministry source said on Friday.

Saturday, June 16, 2012

France seeks eurozone stability package

(Financial Times) -- France is pressing the EU to adopt a financial stability package to stem the eurozone crisis, believing negative market reaction to the €100bn bailout of Spain's banks shows the need for more comprehensive action.

Monday, May 28, 2012

Lloyd's of London preparing for euro collapse

The chief executive of the multi-billion pound Lloyd's of London has publicly admitted that the world's leading insurance market is prepared for a collapse in the single currency and has reduced its exposure "as much as possible" to the crisis-ridden continent.