About: sovereign debt crisis

Economy & Jobs 16-05-2017

Spain calls for deeper eurozone integration, pooled debt

Spain's conservative government has added its voice to calls for deeper integration in the eurozone, suggesting to Brussels in a paper that members of the bloc should pool some aspects of their debt management and share a budget to fight crisis shocks.
Timeline of a crisis: Europe’s economic strategy from 2008 to today
Euro & Finance 25-05-2016

Timeline of a crisis: Europe’s economic strategy from 2008 to today

At the outset of the economic crisis in 2008, the EU mirrored the rescue packages seen in the US and elsewhere. In total, more than €1.6 trillion was used to save the banks and €200 billion to keep the European economies afloat.
EU Priorities 2020 29-07-2015

German advisory council calls for exit option in the eurozone

Economic analysts in Germany are proposing new structures in the European Monetary Union as a result of the Greece crisis, saying an option to leave the eurozone should also be included. EURACTIV Germany reports.
Euro & Finance 01-07-2015

The EU and Greece: Exiting the IMF era, not the euro

The end of the EU aid programme to Greece on 30 June, and the organisation of a Greek referendum on 5 July, raise the prospect of ending the “IMF - Europe” era, writes Yves Bertoncini
Euro & Finance 25-06-2015

Greek debt crisis shows why we need international financial reform

The Greek crisis is just the latest of one of more than 600 national debt crises worldwide since the 1950s, and makes a compelling argument for the creation of an international institution for the fair and orderly resolution of sovereign bankruptcy, writes Bodo Ellmers.
Trade & Society 13-05-2015

UN blasts EU for backing global deal for ISDS, but not for country bailouts

EXCLUSIVE / United Nations bosses have criticised the European Union for backing an international court where companies can sue countries, while blocking global rules to help bankrupt nations, such as Greece and Ukraine solve sovereign debt problems.
Euro & Finance 20-06-2014

Regling ‘surprised’ by EU bond market upswing, warns of ‘backlash’

Investor enthusiasm for euro zone debt could be abruptly reversed and governments should not bank on borrowing costs remaining super-low, one of the bloc's senior economic officials warned on Thursday.
Euro & Finance 18-04-2014

EU misdiagnosed the crisis, former Barroso advisor admits

In his new book, Philippe Legrain, a former adviser to European Commission President José Manuel Barroso, says European leaders are responsible for the record-high unemployment and rock-bottom growth afflicting the EU.
Euro & Finance 14-01-2013

Ireland seen as a model for recovery, but risks remain

With Ireland at the helm of the six-month rotating presidency of the European Union, leaders and policymakers have praised the country for regaining international confidence after seeking a bailout in 2010. But Dublin cannot concede victory just yet.
Euro & Finance 28-11-2012

EU pushes stricter rules for sovereign debt ratings

Brussels agreed on stricter rules for credit rating agencies which will ultimately try to reduce the over-reliance on external ratings, requiring financial institutions to strengthen their own credit risk assessment. 
Euro & Finance 16-11-2012

Ayrault seeks to allay German worries over French economy

France's German-speaking prime minister offered a worried Berlin reassurances on Thursday (15 November) that his government would reduce the deficit and prevent France from becoming the next victim of the euro crisis by applying a new economic model.
Euro & Finance 26-09-2012

Germany, Finland, Netherlands begin to unravel EU banking union plans

Germany, the Netherlands and Finland have issued a joint declaration that appears to unravel much of what was agreed at the last European summit in June, when EU leaders paved the way for the direct recapitalisation of troubled banks.
Euro & Finance 07-12-2011

Analysts: No easy cure for ‘a monster of a crisis’

After months of wavering over how to treat debt woes that threaten the euro, European leaders must walk away from a summit this week with long-term visions as well as short-term action to salvage the currency, said analysts polled by EURACTIV.
Euro & Finance 17-11-2011

Barroso to table eurobond blueprint

Commission President José Manuel Barroso announced yesterday (16 November) in the European Parliament that his office would table next Wednesday a  proposal on ‘stability bonds’, which are otherwise known as eurobonds.
Euro & Finance 13-10-2011

China wonders ‘will Europe pay us back?’

China is nervous about its decision to buy European bonds to alleviate the sovereign debt crisis, and is linking it to the country's continued support for reforming global governance in its favour, EURACTIV has learned.
Euro & Finance 30-08-2011

MEPs rally behind ECB as saviour of euro

The European Central Bank has been heralded as the lone saviour of Europe by pursuing a policy of bond purchasing, a measure which has been castigated by analysts and other central bankers as self-destructive.

Social Europe’s new battleground

The eurozone crisis has transformed the debate on 'Social Europe' and threatens to undermine the pro-Europe sentiments of the left, writes Olaf Cramme, a visiting fellow at the London School of Economics. He asks how the supporters of a 'Social Europe' could use the crisis in their favour.