Tag: Eurozone

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Eurozone Growth ‘Losing Momentum’

LONDON (AP) — A closely watched survey shows that the economy of the 19-country eurozone lost momentum in September as businesses fretted over the potential impact of a series of political uncertainties. Financial information company Markit said Wednesday that its

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Are We British Or Are We EUropean? A Case For Brexit

A vote to Leave the European Union (EU) is about more than immigration or the economy, but independence.  The alternative — a vote to Remain — is not a vote for the status quo, but eventual integration into a European Superstate.

Greece was paralysed at the weekend by a strike to protest government plans to overhaul pensions and increase taxes as demanded by its international creditors

Crunch Eurozone Talks On Greece Debt Deal

Eurozone finance ministers hold an emergency meeting on Monday to try to thrash out a difficult deal on fresh reforms for Greece as fears grow of a repeat of last year’s chaotic bailout negotiations.

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Eurozone Ministers Seek To End Greece Bailout Row

(AFP) – Eurozone finance ministers met Monday to defuse a bitter rift between top EU and IMF officials over how strictly to hold Greece to the ambitious reform commitments made as part of its bailout. The eurozone 19 ministers are

Mega-Rich, Non-Member Vatican Says Britain Should Not Leave EU

(Reuters) – The Vatican’s foreign minister, Archbishop Paul Gallagher, voiced hope that Britain would stay in the European Union, suggesting its exit would weaken Europe, Britain’s Telegraph reported, citing his interview with ITV that aired on Wednesday. “I think we

Finnish Parliament Will Debate Leaving Eurozone Next Year

HELSINKI (Reuters) – Finland’s parliament will debate next year whether to quit the euro, a senior parliamentary official said on Monday, in a move unlikely to end membership of the single currency but which highlights Finns’ dissatisfaction with their country’s

City Of London Provokes EU Jealousy

The vitality and success of the City of London is not because of Britain’s European Union (EU) membership, but in spite of it. As the EU referendum date draws closer, passionate arguments on both sides will soon be overtaken by

Alexis Tsipras

Alexis Tsipras to Step Down As Greek PM, Call Snap Elections

Greek Prime Minister Alexis Tsipras of the socialist Syriza party will reportedly step down and call for snap elections on September 20, rocking his already crisis-riddled nation with fresh wave of political turmoil. A formal announcement of his resignation is expected Thursday afternoon, along with a televised address to the Greek people.

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Greece To Trouble Euro Zone For Decades

HELSINKI (Reuters) – Greece will be a headache for the euro zone for decades, Finland’s eurosceptic foreign minister said, and called for the International Monetary Fund to participate in the Greece’s new bailout package. “Unfortunately, this problem will be in

AP Photo/Yorgos Karahalis

Greek Stock Market Crashes 16% on First Day, Bank Stocks Hardest Hit

The Greek stock market was shut down five weeks ago, as the nation spiraled into an economic and political crisis, facing its final debt showdown with European creditors. The market just concluded its first day of trading since the shutdown, and the outlook is grim: the market lost 16.2 percent of its value on the first day back in business.

AP Photo

Der Spiegel: Plans For Euro-Zone Tax Take Shape

From Der Spiegel: After the Greek bailout disaster, Paris, Berlin and Brussels want to reform the euro zone by creating an economic government and a special tax for the currency area. German Finance Minister Schäuble is in favor, but Chancellor