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Showing posts with label enlargement of the eurozone. Show all posts
Showing posts with label enlargement of the eurozone. Show all posts

Saturday, June 16, 2012

Whatever euro's fate, Europe's reputation savaged

A Greek flag flies behind a statue to European unity outside the European Parliament in BrusselsLONDON (Reuters) - Whether the euro lives or dies, the chaotic way Europe has tackled the crisis could undermine the region's geopolitical clout for years to come and leave it at a distinct disadvantage in a rapidly changing world. With an apparently never-ending series of last-minute summits and telephone calls, Europe's leaders and finance ministers have held the bloc together in the face of growing strains between states, a rising political backlash and market alarm. But with hindsight, outsiders say each measure proved too little, too late. ...



Wednesday, June 13, 2012

Osborne says Greece may have to quit euro

Britain's Chancellor of the Exchequer George Osborne attends the G-20 meeting in WashingtonLONDON (Reuters) - Europe may need to sacrifice Greece's membership of its single currency bloc in order to convince Germany to put in more money to save the euro, Chancellor of the Exchequer George Osborne suggested in remarks certain to enrage euro zone leaders. As the EU's biggest economy and largest contributor, Germany holds the key to how the bloc can rescue its troubled, smaller economies and whether Europe is able to agree on a banking union to end 2-1/2 years of debt turmoil. ...