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Lacking a Grand Plan, Europe Limps Ahead

Wall Street Journal Original article ›

Keywords:


Angela Merkel's handling of the financial crises in eurozone countries

04/29/2010

The German response to the debt crisis in the eurozone and the events in 2011-2012.

Grouped Articles

As Greek Drama Plays Out, Where Is Europe?

New York Times 04/29/2010

Germany Clears Rescue for Greece

New York Times 05/03/2010

No going back

Economist 05/13/2010

Germans Respond to Merkel's 'Motherly' Side

Wall Street Journal 08/23/2013

Merkel Wins Big in German Election

Wall Street Journal 09/23/2013

Germany's Surplus Isn't the Problem

Wall Street Journal 11/11/2013

The EU Summit, December 9, 2011

12/09/2011

The German position not to allow large scale bond buying by the ECB remained unchanged. The focus continued on getting debt brakes and fiscal discipline rules set for the eurozone members. The ECB's Mario Draghi opposes central banks of Europe sending money to the IMF which would be used to support EU countries with debt problems. The ECB lowered interest rates by 0.25% for the eurozone, bringing interest rates to 1%, and reversing earlier ECB policies under Trichet that increased rates. In addition the ECB will provide unlimited funding to European commercial banks for longer maturities of 3 years, instead of the current 1 year maturity.

Grouped Articles

Tensions Rise at EU Summit

Wall Street Journal 12/09/2011

British Prime Minister Cameron’s veto of E.U. pact splinters his coalition - The Washington Post

Washington Post 12/11/2011

Legal Uncertainty Imperils EU Agreement

Wall Street Journal 12/14/2011

Leaders Grow Further Apart on Solutions

Wall Street Journal 12/15/2011

The Euro Zone's Double Failure

Wall Street Journal 12/15/2011

Euro Treaty to Require Only 9 Nations for Ratification

New York Times 12/16/2011


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