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And contrary to popular belief, it was a banking crisis , not a fiscal crisis. The crisis exposed the systemic risks associated with the flawed architecture of the euro , which we set out to fix. Explore more on Euro Crisis. News about the European debt crisis , including commentary and archival articles published in The New York Times. Current news and latest updates from WSJ on the debt crisis in Europe and its impact on countries in the EU, the euro and the global economy.

Euro crisis Blogs, Comments and Archive News on Economictimes. Climate Crisis Destination Dubai Europe’s Children Of Isis. On our daily blog we report on the turmoil in the bon stock and currency markets - as well as the political dramas at the heart of the eurozone crisis. Using the euro zone sovereign debt crisis era as a base, it looks as though the nation is very close to losing the confidence of international investors. The latest Syrian crisis is a warning to Europe.

Addressing these issues would require strengthening the euro as an exchange currency and a more assertive industrial policy at the EU level. WPP cloud deal and says more coming. Bart Van den Daele, IBM`s general manager for strategic outsourcing in Europe, said big contract signings slowed in the depths of the euro crisis but that the region`s customers are ready to play catch-up.

Italy’s banks bore the brunt of its latest political crisis early Friday, falling by between 2. The crisis triggered the eurozone debt crisis , creating fears that it would spread into a global financial crisis. It warned of the fate of other heavily indebted EU members. This massive crisis was triggered by a country whose economic output is no bigger than the U. So when one country teeters on the brink of. To join the currency, member states had to qualify.

Also find news, photos and videos on. Stay informed on European and world news about economy, politics, diplomacy… with Euronews. Expert analysis and comment on politics, business and foreign affairs. Find all the latest news and breaking stories across Europe. Asian stocks gain on EU progress, euro falls on caution.

They plan to support the banking system but they are going to charge them for it, a trader said. But a lasting crisis in Italy would be unlikely to remain an isolated incident, he sai in a note, arguing that if an outright referendum on euro membership was calle “it would pose a. Financial crisis latest news. Europe must resist the temptation to water down post- crisis bank regulation known as Basel III and needs to implement the rules to prepare lenders.

Latest news on the euro zone from Reuters. Other options include using money from the euro -area bailout fund to repay IMF loans earlier, and applying profit that euro -area central banks earn on their Greek bond holdings to the country’s. It was characterized by the Turkish lira (TRY) plunging in value, high inflation, rising borrowing costs, and correspondingly rising loan defaults. Emerging markets are enduing a drubbing as a currency crisis in Turkey takes a toll on investor appetite, but the episode also serves as a reminder that Europe’s banking system continues to be.

The important stories of innovation across the continent’s wide-ranging economies. In the euro zone’s latest crisis , Italy is torn between saving the banks or saving its people. In contrast, my new book, The European Periphery and the Eurozone Crisis , shows that ‘following the rules’ doesn’t always ensure good economic health, but is linked to the causes of the eurozone crisis in the first place. Video 1:How is the ECB helping out banks?

What is the Euro bailout fund? A new financial crisis is brewing in Europe, one that will prove as devastating as the last economic crisis. All news, headlines, photos and videos on Euro Crisis.

Whitehall set up Operation Matterhorn.