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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
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
E.C.B. Warns of Dangers Ahead for Euro Zone Economy
New York Times 12.19.2011
Euro Zone Agrees to New IMF Loans
Wall Street Journal 12.20.2011
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
European Banks Rush to Grasp Lifeline
Wall Street Journal 12.22.2011
European Central Bank Buys Itself a Quiet Holiday Respite
Wall Street Journal 12.22.2011
Lacking a Grand Plan, Europe Limps Ahead
Wall Street Journal 12.23.2011
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
ECB's Chief Warns Situation Is 'Very Grave'
Wall Street Journal 01.17.2012
Wall Street Journal 02.24.2012
Q&A: ECB President Mario Draghi
Wall Street Journal 02.23.2012
Germany's Merkel to Need Opposition Help in Approving EU Fiscal Pact
Wall Street Journal 03.03.2012
Europe Needs the Bond Vigilantes
Wall Street Journal 04.05.2012
Wall Street Journal 04.26.2012
In test for Europe, Ireland votes on fiscal treaty - The Washington Post
Washington Post 05.31.2012
Germany May Compromise on Joint Debt
Wall Street Journal 06.28.2012
Key Excerpts: Mario Draghi Says ECB ‘Ready to Do Whatever It Takes’
Wall Street Journal 07.26.2012
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