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The growing debate over bondholder haircut, easy money policies, sacrifices, and austerity policies.

11/25/2010

This debate puts British prime minister Cameron, and German chancellor Angela Merkel, on one side, with US President Obama, US central bank chairman Bernanke and other leaders on the other side. The blanket Irish guarantee of all Irish bank debt is an example of improper action that could have prevented the need for an Irish bailout, when guaranteeing only retail Irish bank debt would have worked. Merkel has insisted on bondholders sharing in bank losses, and tougher action required for countries receiving bailouts.

Grouped Articles

A Crisis Needing More Sacrifice

New York Times 11.25.2010

Crises Shake German Trust in Euro Zone

New York Times 11.26.2010

EU Outlines Bond Restructuring Plan

Wall Street Journal 11.28.2010

Europe Backs Irish Rescue and New Rules on Bailouts

New York Times 11.28.2010

Spain, Italy Seek Action

Wall Street Journal 12.02.2010

'Contagion' and Other Euro Myths

Wall Street Journal 12.02.2010

As Ireland Flails, Europe Lurches Across the Rubicon

Wall Street Journal 12.27.2010

European Debt Deal Has Flaws - News Analysis

New York Times 03.14.2011

Europe Needs to Apportion Pain

Wall Street Journal 03.17.2011

Plan for Greece Favors Creditors

New York Times 07.25.2011

European Banks Face Deadline to Raise Capital Levels

New York Times 10.13.2011

Merkel Urges Party to Help Save Euro

Wall Street Journal 11.14.2011

European Bank Chief Pushes Back

Wall Street Journal 11.19.2011

Credit Default Swaps as a Scare Tactic in Greece

New York Times 11.19.2011

Dithering at the Top Turned EU Crisis to Global Threat

Wall Street Journal 12.29.2011

Deepening Crisis Over Euro Pits Leader Against Leader

Wall Street Journal 12.30.2011

Italy Leader, Monti, Tells Germany Austerity Isn't Enough

New York Times 01.11.2012

Greek Debt Talks Break Down

Wall Street Journal 01.14.2012

Plan B for Greece

Wall Street Journal 01.17.2012

'Voluntary' Greece Deal Seen Overstated

Wall Street Journal 01.20.2012

Austerity Debate a Matter of Degree

Wall Street Journal 02.17.2012

An Architect of Greece’s Debt Deal Wants More to Come

New York Times 03.06.2012

Greece Passes Key Debt Test

Wall Street Journal 03.09.2012

World leaders agree on more spending to boost Europe’s economy - The Washington Post

Washington Post 05.20.2012

Europe's Poorest? Look North

Wall Street Journal 04.10.2013


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