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Short term actions to save the euro taken at the Brussels negotiations on June 28, 2012
01/11/2012
Short term steps Germany agreed to when pushed hard by Italy, Spain and France, include the critical actions to let the European rescue funds to directly buy Italian and Spanish bonds on private markets to drive down bond yields, and provide direct aid to Italian and Spanish banks. The two steps were vital to restore market confidence and necessary if the European project was to be saved. The marathon negotiation stetched for 14 hours with brinksmanship, and were described by prime minister Monti of Italy as "hard and tense" but worth it.
Grouped Articles
Italy's Monti Hopes Summit Win Plays at Home
Wall Street Journal 06.29.2012
Global Markets Soar on European Breakthrough
New York Times 06.29.2012
Return of Long-Term Bond Buyers Seen as Crucial to Europe
New York Times 06.29.2012
German Election Overturns Political Order
Wall Street Journal 09.23.2013
Italy Leader, Monti, Tells Germany Austerity Isn't Enough
New York Times 01.11.2012
Euro Strengthens as Fears Fade
Wall Street Journal 01.12.2013
European leaders agree to use bailout fund to help banks - The Washington Post
Washington Post 06.29.2012
Euro Zone Sees Single Bank Supervisor
Wall Street Journal 06.29.2012
Germany May Compromise on Joint Debt
Wall Street Journal 06.28.2012
European Union Prods Germany With Fiscal Plan
New York Times 06.26.2012
Why Monti, despite Merkel, could prove the euro’s best hope - The Washington Post
Washington Post 06.24.2012
Spanish Aid Plan Is Flawed, Says IMF
Wall Street Journal 06.22.2012
Amid crisis, leaders of Germany, France, Italy and Spain meet in Rome - The Washington Post
Washington Post 06.22.2012
France and Germany Face Delicate Talks on Economy
New York Times 06.21.2012
Spanish Woes Cast Rescue in New Light
Wall Street Journal 06.20.2012
For Spain, Accusations of Lagging on Reforms
New York Times 06.20.2012
German Lawmakers Back Fund For Bailout
Wall Street Journal 06.29.2012
Wall Street Journal 07.11.2012
Avoiding an Italian Bailout Isn't Just About the Numbers
Wall Street Journal 07.12.2012
Italy's Leader Calls Economic Efforts "a Very Tough War"
New York Times 07.11.2012
Wall Street Journal 07.13.2012
Germany Makes Last Pitch Before Vote
Wall Street Journal 07.18.2012
Wall Street Journal 07.25.2012
ECB's Draghi Must Avoid Moving Target for Spanish Aid
Wall Street Journal 07.30.2012
Italian's Job: Premier Talks Tough in Bid to Save Euro
Wall Street Journal 08.07.2012
Monti Says He Regrets Berlusconi Remark
Wall Street Journal 08.07.2012
Merkel Backs Bond-Buying Program
Wall Street Journal 09.18.2012
Italian Premier to Resign After Losing Partyâs Support
New York Times 12.08.2012
Italian Election Isn't a Good Reason for Investors to Panic
Wall Street Journal 12.10.2012
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