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Officials from the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) will arrive in Bulgaria 18 February to examine the country’s readiness to join ERM II, a currency stability test for euro hopefuls.
Estonia hopes this summer to receive a nod from the EU to switch to the euro on January 1, 2011, becoming the third ex-communist economy to enter the 16-nation eurozone after Slovenia and Slovakia. It sees the move as a crucial boost that would "
European Central Bank President Jean-Claude Trichet will leave central bank meetings in Sydney earlier than planned so he can speak at a European Central Bank council meeting, a spokeswoman for the Reserve Bank of Australia said Tuesday. Central
The feeding frenzy in bond markets over highly indebted southern euro zone states recalls the runs on European currencies in the 1990s, before the euro was created. European governments eventually surmounted that challenge with a sustained display of
After years in which market forces dominated, in which economies were supposedly self-regulating and in which the nation state appeared increasingly to be impotent, markets are now struggling to cope with the return of what might loosely be called "
Greece will stick to its deficit-cutting plan and the first three months of the year will be crucial for regaining investors and EU confidence, the country's finance minister said in an interview on Sunday. "As far as the budget is concerned, every
Sing his praises, shower him with gifts and scatter his path with rose petals. For, had it not been for Brown, Britain would now be a member of the European single currency – and a whisker away from the financial rigor mortis now spreading across
What began with worries about the solvency of Greece in the face of high deficits, fake budget figures and low growth has quickly become the most severe test of the 16-nation euro zone in its 11-year history. Anxieties about the health of the euro ,
Asian equity markets tumbled Friday, dragged by sharp losses in Wall Street Thursday as heightened concerns over European debt hurt demand. Risk aversion was the order of the day, as investors cashed out of stocks in the wake of the Dow Jones
And if that seems likely will the rest of Europe, or the IMF come to the rescue? But beyond that there are some even bigger questions about the Euro. In particular, will Greece quit the euro or even be expelled from the eurozone?...But the question