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  • Euro Monitor: Which countries are best placed to exit the crisis?

    Promoted content | Economic governance 15-03-2012

    The economic and financial crisis has revealed a number of weaknesses in the economic governance of the EU's economic and monetary union.
    The EU and its Member States have taken a series of important decisions that will mean stronger• economic and budgetary coordination for the EU as a whole and for the euro area in particular. Thus, in May 2011, the Member States agreed to establish a rescue mechanism worth €750 billion to protect the euro from collapsing under the weight of accumulated debt.

  • Wroclaw: Euro ministers struggle to find way out of crisis

    Promoted content | Euro & Finance 16-09-2011

    Is this informal Ecofin meeting in Poland really bringing Europe closer to solving the euro crisis?
    It looks like nothing has been achieved. No new measures have been agreed here in Wroclaw, but that's just the way things go at informal meetings like this one.
    Greece underlined its commitment to meet its fiscal targets for this year and next. That also not a major new development.

  • Trichet eases euro liquidity worries

    Promoted content | Euro & Finance 29-08-2011

    The European Parliament on Monday expressed broad support and full confidence in the way that the European Central Bank is handling what he says it the worst financial crisis since the second World War.
    Addressing a packed committee-room in Brussels, ECB chief Jean-Claude Trichet reiterated his view on the need for even more stringent budget reforms in the countries that have adopted the euro.

  • Euro crisis set to flare up as Greek default looms

    Promoted content | Economy & Jobs 13-05-2011

    The debt crisis in the euro zone is being reignited now that it is clear that Greece is not delivering on its promised reforms. Related story on EURACTIV.com: http://twurl.nl/21heul
    Greece is failing to meet its restructuring targets. This means that Eurozone countries are no longer willing to send money to Athens as part of the European emergency support.
    Only with very tough measures, the Athens government can prevent this from happening.