Pressure Mounts on the ECB to Intervene Through the IMF
On Tuesday Europe’s finance ministers agreed to increase the firepower of their rescue fund to help solve Europe’s debt crisis. But as their meeting progressed in Brussels it became clear that the...
View ArticleECB and Germany: The Struggle Ahead with the Euro zone
As the European Summit draws closer in Brussels with the ECB meeting on Thursday and the EU Summit on Friday, expectations are growing that the outcome will lead to an interest rate cut and increased...
View ArticleSizing up the role of the ECB
Global markets declined on Thursday after ECB President Mari Draghi confirmed that the ECB had no plans to increase or expand its bond purchasing of sovereign debt. Many economists and investors...
View ArticlePrivate Creditors Prepare For Greek Bond Swap
Greece is waiting for their private bond holders to accept to the terms of a new Greek bond swap that includes their bond holders taking a 53.5 % cut of the debt total before Greece is allowed to...
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