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Germany, France Back Pledge to Save Euro
Keywords:
ECB president Mario Draghi's remarks to calm financial markets on July 23, 2012 as the yield on Spain's government bonds reaches 7.5%
07/26/2012
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Europe Bonds May Offer More Value
Wall Street Journal 08/23/2013
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
As Bond Markets Twist, Investors Shout
Wall Street Journal 06/10/2014
Wall Street Journal 06/10/2014
Italy's Mario Draghi, as the new president of the ECB
04/20/2011
Grouped Articles
ECB Moves Markets, Not Economy
Wall Street Journal 05/03/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
Italian Gains Support in Central Bank Race
Wall Street Journal 04/20/2011
Paris Backs Italy's Draghi as Europe's Central Banker
Wall Street Journal 04/27/2011
German Paper Finds Draghi Not So Bad After All
New York Times 04/29/2011
Trichet to Leave a Difficult Legacy at Central Bank
New York Times 05/31/2011
European Central Bank (ECB) Succession in 2011
02/10/2011
Grouped Articles
ECB Succession: Keep Calm and Carry On
Wall Street Journal 02/10/2011
Merkel Taps Adviser to Head Bundesbank
Wall Street Journal 02/17/2011
Trichet to Leave a Difficult Legacy at Central Bank
New York Times 05/31/2011
Central Bankerâs Exit Gives France Opening
New York Times 11/10/2011
Staring Into the ECB's Mini Bazooka
Wall Street Journal 12/21/2011
A New Generation Tackles the Euro Crisis
Wall Street Journal 01/12/2012
Dwindling policy options for central banks in Europe and the U.S. in 2011-2012
08/04/2011
Fewer policy options for the central banks of Europe and the U.S., the ECB and the Federal Reserve, with rates close to zero and higher inflation.
Grouped Articles
Shares Rise on Wall Street and in Europe
New York Times 06/06/2012
Central Banks Run Short of Policy Options
Wall Street Journal 08/04/2011
Wall Street Journal 08/31/2011
Close Ties Facilitated Coordinated Moves
Wall Street Journal 12/01/2011
Swaps Will Get Dollars Into European Banks' Hands
Wall Street Journal 12/01/2011
Fed Board Is Divided on Stimulus
New York Times 07/11/2012
ECB Financial Stability Review 2011-2013
12/19/2011
Grouped Articles
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
E.C.B. Warns of Dangers Ahead for Euro Zone Economy
New York Times 12/19/2011
Euro-Zone Banks Tap Big ECB Loans
Wall Street Journal 12/21/2011
Staring Into the ECB's Mini Bazooka
Wall Street Journal 12/21/2011
A Central Bank Doing What Central Banks Do
New York Times 12/21/2011
Germany, France Back Pledge to Save Euro
Wall Street Journal 07/28/2012
The Bundesbank's claims on the ECB and the breakup of the eurozone
12/08/2011
The 495 billion in euros of Bundesbank claims on the ECB, with much of the collateral in sovereign debt of financially weak countries, is another reason Germany sees a breakup of the eurozone as unthinkable. Germany would assume a large share of the losses if the eurozone would breakup, much larger than the 28% which is its share of the ECB's capital.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
BusinessWeek 12/14/2011
When Sovereign Debt Is No Longer Risk-Free
BusinessWeek 12/08/2011
Italyâs Leader Is Optimistic About Greece and Euro
New York Times 02/10/2012
Debt Crisis Provisions Hurt Bundesbank Profit
New York Times 03/13/2012
German Bundesbank president Jens Weidmann and views on the ECB's role in the eurozone crisis
04/19/2010
Jens Weidmann is the new president of the German central bank. Weidman sees two views colliding on how to respond to the eurozone crisis. He expresses the view of the Bundesbank about opposition to sovereign bond purchases by the European Central Bank to ease high bond yields for Spain and Italy. This is considered as overstepping the ECB's manadate for price stability. Weidmann is the German member of the ECB's Governing Council.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Weber Sees Greece Needing More Aid
Wall Street Journal 04/19/2010
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
Germany's Bundesbank Gets a New Inflation-Fighter
Wall Street Journal 05/03/2011
Wall Street Journal 12/09/2011
Leaders Grow Further Apart on Solutions
Wall Street Journal 12/15/2011
The resignations of Jurgen Stark and the ECB's purchase of sovereign bonds of Portugal, Italy and Spain
09/10/2011
The resignations of German representatives on the ECB Executive Board, Axel Weber and Jurgen Stark, over ECB purchases of sovereign bonds. Concern about political risk and financial risk and exceeding the ECB's charter. The need for the governments to assume the critical role of far-reaching reforms of the mechanism for decisions and sanctions.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Europe Bonds May Offer More Value
Wall Street Journal 08/23/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
As Bond Markets Twist, Investors Shout
Wall Street Journal 06/10/2014
Wall Street Journal 09/10/2011
Stark Walked a Fine Line Between German and EU Monetary Cultures
Wall Street Journal 09/10/2011
How Mario Draghi, ECB president, sees the problems in the eurozone and policy direction in 2012-2015
01/11/2010
A wide ranging interview with Mario Draghi by Wall Street Journal reporters Blackstone, Karnitschnig and Thomson, which gives insights on how Draghi sees solutions to the crisis in the eurozone and future policy. Draghi favors good fiscal consolidation which combines freeing up labor markets and structural changes for Italy, Spain and other southern countries, with spending reductions, and capital investment in the future as opposed to tax increases for current spending and lack of capital investment for future growth. He points out that with excessive debt to GDP ratios there is no alternative to this right kind of fiscal consolidation. The fiscal consolidation gives the structural changes time to be put in place..
Grouped Articles
ECB Moves Markets, Not Economy
Wall Street Journal 05/03/2013
The Man Whoâll Do Triage on Europeâs Banks
New York Times 10/20/2013
ECB Struggles With Low-Altitude Flying
Wall Street Journal 11/10/2013
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
Mario Draghi, head of the ECB, and the eurozone crisis with Italian bond yields approaching 8% in Dec. 2011
11/10/2011
Draghi addresses the issue of large scale purchases of bonds of Italy and Spain to ease pressure on bond yields, by leaving open the possibility of action if the EU countries take the necessary steps for a strict budgetary framework.
Grouped Articles
Return of Long-Term Bond Buyers Seen as Crucial to Europe
New York Times 06/29/2012
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Europe Bonds May Offer More Value
Wall Street Journal 08/23/2013
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
As Bond Markets Twist, Investors Shout
Wall Street Journal 06/10/2014
Dutchman Bob Traa's mid-2009 IMF report on Greece and the warning light on Greece
03/03/2010
Analysts point to the lack of immediate action as the main reason the crisis is spiralling out of control. The IMF report in mid 2009 raised the alarm on Greece's financial situation. One estimate is for bondholders needing to take 85% haircut on loans to Greece, instead of the 50% agreed to under the EU plan in November 2011. The situation has worsened as ECB president Trichet and others in the EU pushed austerity plans on Greece without working out needed serious debt reduction of over half the debt in 2009. The idea of a default in the eurozone was considered unthinkable, leading to errors in judgement by decisionmakers.
Grouped Articles
Greek Debt Crisis: The Back Story
New York Times 08/13/2011
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
Wall Street Journal 03/03/2010
Past Rifts Over Greece Cloud Talks on Rescue
Wall Street Journal 10/07/2013
ECB president Jean-Claude Trichet
02/05/2008
Grouped Articles
ECB Chief Seeks Tighter Fiscal Union
Wall Street Journal 06/22/2010
Europe’s Central Banker Engineers His Economics
New York Times 02/05/2008
Europe's Central Banker Seeks Deeper Fiscal Union
Wall Street Journal 06/03/2011
Trichet's Solution for an Imperfect Union
Wall Street Journal 06/03/2011
Trichet Urges Creation Of Euro Oversight Panel
New York Times 06/02/2011
European Central Bank Raises Rates as Expected
New York Times 07/07/2011
European Central Bank policies in 2010-2012.
02/05/2008
The ECB rate changes and policy in 2010-2012.
Grouped Articles
ECB Moves Markets, Not Economy
Wall Street Journal 05/03/2013
Shares Rise on Wall Street and in Europe
New York Times 06/06/2012
Europe’s Central Banker Engineers His Economics
New York Times 02/05/2008
2 Major European Banks Keep Record-Low Rates
New York Times 11/04/2010
ECB Seeks Funds for Capital Base
Wall Street Journal 12/17/2010
Rate Rise Signaled for Euro Zone
Wall Street Journal 03/04/2011
Bundesbank, the German central bank
02/16/2011
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
Weidmann, Adviser to Merkel, to Head Bundesbank
New York Times 02/16/2011
Merkel Taps Adviser to Head Bundesbank
Wall Street Journal 02/17/2011
BusinessWeek 12/14/2011
Debt Crisis Provisions Hurt Bundesbank Profit
New York Times 03/13/2012
The views of Axel Weber, former head of the Bundesbank, on the ECB's role and the need to address the underlying problems in Greece
04/19/2010
Axel Weber says the European Central Bank should stick to its mandate of setting monetary policy and not get too involved in the crisis in Greece. He says Greece's problems are structural and may take a long time to resolve, as much as 30 years. The European leaders have to decide on solving the underlying problems so that they cut the losses and restart, by offering debt guarantees and using partial creditor haircuts. Simply giving additional loans -which can never be repaid considering the debt of 350 billion euros ($496 billion)- or addding short term liquidity for a 3-5 year solution as European leaders have done so far, won't work.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Weber Sees Greece Needing More Aid
Wall Street Journal 04/19/2010
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
Germany's Weber Slams Rescue Efforts
Wall Street Journal 06/27/2011
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