Euro Zone Archive

Euro Zone Strikes Deal on 2nd Greek Package, EFSF

The markets like the announcement. Of course they also liked QE2… Unfortunately, as previously discussed, without the ECB the EFSF isn’t sustainable. It’s like trying to lift up the bucket by the handle when you are standing in it. Nor is it cast in stone yet, but all subject to details. Also, ...Read More

EU News

[Skip to the end] Economy looking grim over there: Highlights European Investor Confidence Declined in July, Sentix Says Germany Expects 450,000 New Long-Term Jobless in 2010, FAZ Says Stark Says Governments Must Trim Budget Deficits, FAS Reports Nowotny Says ECB to Watch Bond Program, Review Later EU’s Barroso Says World Needs a ...Read More