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Europe The European Central Bank (ECB) President Mario Draghi arrives for the monthly news conference in Frankfurt in this March 8, 2012 file photograph Reuters Euro zone Euro Zone European stocks posted their best week in almost a year. Yields on 10-
There is still no clear definition of what a single, central budget would entail, but Germany strongly supports the idea as a way of coordinating transfers among member states, and France is also in favour, which in terms of eurozone decision-making
The Greek drachma and the national currencies of other troubled eurozone countries could be revived to run alongside the euro. Photograph: Alamy The eurozone has worked itself into a corner from which it does not know how to get out. At stake is not
17 August 2012 Greece's debt has soared by nearly 20billion in three months, as European leaders were given fresh warnings to brace themselves for the break-up of the Eurozone. The crisis-hit country now has central government debts of 238billion.
As the eurozone crisis appears not to be sparing any member-country, Sweden insists it is not bound to the single currency bloc. Stockholm has agreed to adopt the terms of the EU fiscal pact, which some fear is a "back door" into the eurozone. The
When the history of the euro is written, 2011 will be seen as the year when the authorities started to lose control of events. The three weakest members, Greece, Portugal and Ireland, had been bailed out in 2010, but at the beginning of 2011 there
European voters are in a "throw the bums out" mood, ejecting nine governments since the debt crisis began, but no matter how down they feel about their leaders and economies, one thing they don't reject is the euro itself. The existence of the nearly
If there had been a referendum on the euro in May 2011, 64 percent of Swedes would have voted against the euro while 24 percent would have voted in favour...The number of those in favour of the eurozone has decreased in Sweden since November last
Schaeuble noted that means the deficit will be well below 3 percent of GDP, though he would not provide an exact figure. The deficit was 3.3 percent in 2010, but is expected to fall below the 3 percent ceiling already this year...The draft budget
The euro mainly saw ups and downs against the major currencies, without marking significant changes in value...The euro began last week's trading with an upward trend following positive data out of the euro-zone, specifically from the German economy.