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Europe's Single Bailout Zone

Wall Street Journal Original article ›

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The euro moves closer to a fiscal union. See the interview with French finance minister Lagarde. This mean conditionalities to loans made to member countries in financial crisis. The Journal editorial asks how readily will the Irish or Spanish people accept conditions, reforms and tax increases set by German and French leaders. EU leaders have decided that the recent change does not require approval in eurozone countries. The option of debt restructuring with longer debt repayment terms and haircuts for investors, with German and French banks accepting losses.

France's Finance Minister Lagarde on the discipline and coordination needed for the euro to work.

03/03/2010

This discipline and tight fiscal coordination would be imposed on eurozone countries as part of the effort to make the euro experiment work. Lagarde is interviewed by Carney and Jolis of the WSJ.

Grouped Articles

Europe's Original Sin

Wall Street Journal 03/03/2010

Charlie Rose Talks to Christine Lagarde

BusinessWeek 04/28/2010

Toward a United States of Europe

Wall Street Journal 12/18/2010

Europe's Single Bailout Zone

Wall Street Journal 12/20/2010

Sarkozy: Euro Too Strong

Wall Street Journal 01/14/2011

Europe’s Odd Couple: Sarkozy and Merkel

New York Times 01/13/2011


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