World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
The Real Euro Danger
Keywords:
The WSJ editorial points to the danger of the EU assuming the debts of Ireland, Greece and other countries in financial crisis. A better solution it points out is the restructuring of the debts of Ireland and Greece. Ireland made a serious mistake in guaranteeing all the debts of Ireland's banks, an open-ended guarantee to its banks. At this point the German move for a bailout is intended to help German and other banks holding Irish debt. But the EU cannot provide a similiar guarantee as Ireland has for all euro-sovereign debt. A better solution is a haircut for lenders. The euro currency it argues is a currency union, not a debt union, and the euro-zone cannot assume the debt of all its members, nor was the treaty that created it designed with that purpose in mind. The sooner the EU does this, the better for the euro and for the euro-zone.
Contagion from the banking crisis in Ireland.
11/17/2010
The EU's efforts to prevent contagion spreading to Greece, Portugal and Spain. Effects on the euro.
Grouped Articles
Sweeping Irish Aid Package in Works
Wall Street Journal 11/17/2010
Banks' Exposure Stirs EU Contagion Worries
Wall Street Journal 11/17/2010
Wall Street Journal 11/17/2010
Fresh Loan Woes Buffet Irish Banks
Wall Street Journal 11/18/2010
EU Plan for Ireland Takes Shape
Wall Street Journal 11/18/2010
Ireland Crisis Might Give China Break It Seeks
Unknown 11/19/2010
The euro-zone, the euro currency and the financial crisis in Ireland, Greece and other countries in 2009-2011
11/17/2010
Grouped Articles
Wall Street Journal 11/17/2010
In Euro Zone, Some See Risk of Currency Breakup
New York Times 11/17/2010
Fresh Loan Woes Buffet Irish Banks
Wall Street Journal 11/18/2010
EU Plan for Ireland Takes Shape
Wall Street Journal 11/18/2010
Ireland Crisis Might Give China Break It Seeks
Unknown 11/19/2010
Irish Grasp at EU, IMF Lifeline
Wall Street Journal 11/17/2010
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us