In what now seems to be a weekly ritual, U.S. financial markets fluctuated throughout the past week based upon anticipated future economic and political developments. But as has become more and more common, it is not the potential outlook for our country that has memorized financial market participants, but rather that of the European Union’s 27 country confederation, or even more specifically, the euro-zone’s 17 member nations that utilize a common currency, the euro.
Dec 14 2011 | Posted in
Jim Newton |
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PARIS (AP) — Seeking to restore confidence in the euro, the leaders of France and Germany jointly have called for changes to the European Union treaty so that countries using the euro would face automatic penalties if budget deficits ran too high.
Dec 5 2011 | Posted in
AP News |
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For the past couple of weeks we have examined the critical issues facing some members of the EU. The need to properly address the unfolding crisis cannot be overstated, with a failure to calm developing market fears potentially impacting every other major economy around the world, including the United States.
Nov 15 2011 | Posted in
Jim Newton |
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In a wild week that gripped the world’s financial markets, the prime minister of Greece threw a monkey wrench into a fragile (and still somewhat amorphous) plan that was supposed to bail out the financially strapped Greek economy, stabilize European banks, and recapitalize the European Financial Stability Facility (EFSF).
Nov 9 2011 | Posted in
Jim Newton |
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Last week, after much angst and indecision, the 17 nations making up the core of the European Union (which fully utilize the euro as their common currency) agreed to a framework to resolve their financial crisis. In a nutshell, the countries involved needed to address three core issues.
Nov 2 2011 | Posted in
Jim Newton |
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BRUSSELS (AP) — European leaders yet again put off the tough decisions needed to save the continent from its debt crisis but promised Sunday that a comprehensive plan is still coming.
Oct 23 2011 | Posted in
AP News |
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