Tag: euro crisis

Greece will hold a snap election on 6 May, government officials said, launching a campaign that may produce no clear results and risk implementation of the bailout plan that saved Athens from bankruptcy.

The eurozone crisis and China’s willingness to help debt-ridden European countries will be at the core of a key EU-China summit starting today (14 February) in Beijing, even though officials in Brussels have little hope that precise figures will come out of the meeting.

The European Parliament should call a convention where all actors can debate the future of the EU in order to tackle the so-far faulty Franco-German 'directoire', says Guido Montani, vice president of the European Federalists Union.

In addition to the EU and eurozone twin summits on Sunday (23 October), another summit will take place "at the latest on Wednesday", France and Germany said yesterday (20 October) after a tense day of hesitation and conflicting announcements.

Rating agency Moody's put Spain on review for a possible downgrade today (29 July), adding to concerns that a Greek rescue package has done little to halt the spread of Europe's debt crisis.

While the Irish must understand the constraints imposed by the bailout package, the EU also bears some responsibility for the banking crisis and should not undermine Ireland's economic model, writes former Taoiseach John Bruton.

Europe signalled increased urgency on the eurozone crisis on Friday (28 January) with the possibility of a special summit sooner than expected, while Germany aired the reforms it might want in exchange for more emergency support.

With the future of the euro currency in the balance, the European Commission on Wednesday (1 December) outlined details for a permanent strategy to help countries at risk of defaulting on their debts.