About: eurocrisis

Embattled Spanish Socialist party hit by leadership ‘coup’ attempt

Spain's Socialist party was hit by a "coup" attempt Wednesday (28 September) with half of its leadership quitting in a bid to oust leader Pedro Sanchez and unblock the country's political deadlock.

Irish PM calls election for 26 February

Irish Prime Minister Enda Kenny on Wednesday (3 February) called parliamentary elections for 26 February in a small poll that could see disillusioned voters turn away from established parties to back political mavericks.

Spain raises civil servants’ salaries in election year

Spain's ruling People's Party (PP) agreed on Thursday to award civil servants a 1% pay rise next year, their first hike in five years after public employee salaries were reined in as part of cost cuts during a deep recession. The move comes ahead of a parliamentary election expected in November. 

Carsten Schneider: German government divided on Greece

Germany’s centre-right alliance is finding it difficult to agree on whether or not to send further aid to Greece, said SPD faction chair Carsten Schneider, who sees a significant gap between German Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble. EURACTIV Germany reports.

How Greece hopes to make money

Greek Prime Minister Alexis Tsipras presented a 47-page list of reforms in the context of negotiations with Jean-Claude Juncker. The list contains many recommendations – especially those that have been rejected by donors.

Italian finance minister eyes ‘bad bank’ to clean up risky loans

Italy is considering setting up a state-backed "bad bank" to help clean up its banking sector, Pier Carlo Padoan said in a newspaper interview on Sunday.

Van Rompuy’s last message: France must lead Europe again

In what is considered to be his outgoing speech, which he delivered at Sciences Po in Paris on Tuesday (25 November), European Council President Herman Van Rompuy urged France to regain confidence and drive Europe into the next era.

Parliament clears two-headed ‘Mr Euro’ for Juncker team

The European Parliament endorsed former Latvian prime minister Valdis Dombrovskis on Wednesday (8 October) in the new role of Vice-President of the European Commission, in charge of the euro. He will be seconded by Pierre Moscovici in the economics portfolio, in a novel two-headed configuration for the single currency in the EU executive.

ECB rate cut boosts Spanish, Italian yields

Yields on the eurozone's lower rated debt fell on Friday as the European Central Bank's rate cuts and openness to a large scale bond buying programme pushed investors towards riskier assets in their quest to maximise returns.

IMF adds four European countries to financial risk list

The International Monetary Fund on Monday (13 January) added Denmark, Finland, Norway and Poland to its list of countries that must have regular check-ups of their financial sectors, under an effort to prevent a repeat of the global financial crisis.

Economic clues raise EU recovery hopes

There are signs that Europe may be turning a corner after years of economic and financial turmoil, with the key Euribor bank-to-bank lending rate and a German business index looking solid as unemployment falls in Spain.

Officials grilled over Cyprus bailout fiasco

Leading MEPs confronted European Council President Herman Van Rompuy and Commission Vice President Maroš Šef?ovi? yesterday (20 March), threatening to initiate a Parliamentary inquiry into the failed Cyprus bailout.

Italian leader calls for unity in times of crisis

Europe's debt crisis is undermining the common values that once united the continent and the single currency risks opening up new rifts across the European Union, Italian Prime Minister Mario Monti said yesterday (9 September).

Spain’s Catalonia to ask Madrid for €5 bn bailout

The Spanish autonomous region of Catalonia, which generates around one-fifth of Spain’s economic output, has said it will request a €5-billion emergency credit line from Madrid, heightening debt fears a week before the European Central Bank is to unveil its bond-buying plan.

Eurozone growth falls, signalling trouble for Germany

The eurozone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth that economists said could soon be snuffed out.

Italy’s public debt hits record

Italy's public debt hit an all-time high in June of almost €2 trillion and the annual budget deficit was also bigger than a year before, due largely to Italy's share of bailouts for other eurozone states, the central bank announced.

Draghi pledges ECB intervention, but with rescue funds

The European Central Bank disappointed markets as it said yesterday (2 August) that it is prepared to buy Italian and Spanish bonds on the open market but only after eurozone governments have activated bailout funds to do the same.

Officials say Spain on verge of €300 bn bailout

Spain has for the first time conceded it might need a full bailout worth €300 billion if its borrowing costs remain unsustainably high, a eurozone official said.

Merkel partners call for Greek euro exit

Angela Merkel's coalition partners are lining up to demand a Greek exit from the euro, mounting pressure on the German chancellor and fanning market fears that Greece could shortly leave the single currency bloc.

Trichet urges strengthening of monetary union

Europe could strengthen its monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over its fiscal policy, the former head of the European Central Bank said yesterday (17 May) in unveiling a bold proposal to salvage the euro.

Attali: A federal Europe is the only way out of the crisis

?The only way to save the euro and get Europe out its financial crisis while maintaining people’s living standards is to have a more integrated union, the economist Jacques Attali said in an exclusive interview with EURACTIV.

Struggling Greek leader plans 6 May election

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.

MEP: Renegotiate the Treaty to include investment-led growth

The current Treaty needs to be renegotiated to integrate the growth and solidarity dimension, which has been overlooked, said French socialist MEP Liêm Hoang Ngoc, in an interview with EURACTIV.

Italy’s Monti warns against EU divide

Addressing the European Parliament in Strasbourg, Italian Prime Minister Mario Monti warned against the dangerous divisions fuelled by eurozone problems and said that even though southern countries were widely blamed for the debt crisis, France and Germany also carried major responsibility for watering down the bloc's fiscal rules. EURACTIV Italy reports.