During this two - year crisis investors have continually called on the ECB and
euro area leaders to «fix» the debt issue: by wiping out half of Greece's debt, by protecting Italy's access to debt markets through bond purchases, or by suggesting a levered EFSF, the euro area's rescue vehicle.
Not exact matches
The Italian crisis — the country's powerful political
leader, the comedian Beppe Grillo, would probably call it «commedia dell «arte» — offers plenty of interesting trading opportunities as long as you don't fall for the incongruous idea that this is the end of the
euro area.
The principles of further steps toward
euro area's economic and political integration will be spelled out in a joint French - German document the countries»
leaders are scheduled to announce next June.
As the news service notes, Group of Eight
leaders on May 19 urged Greece to stay within the
euro area as polls in the country showed a close race between parties supporting and opposing the European Union's bailout deal.
In his recent trip to the U.K and France, Prime Minister Harper once again lectured
EURO -
area leaders on their need to develop a credible plan to resolve the
EURO crisis.
Greek Prime Minister Alexis Tsipras needs to shore up support at home for his plan, while
euro -
area finance ministers meet Wednesday to prepare the ground for a second, scheduled summit of European Union
leaders Thursday.
With the clock ticking toward a June 30 deadline both for the expiry of the European portion of Greece's bailout and payments to the International Monetary Fund,
euro -
area leaders at a summit in Brussels late Monday stressed that more work needs to be done.
Varoufakis sought to squeeze aid from the rest of the
euro area accepting the full slate of EU demands, a gambit rejected by the group's
leader, Jeroen Dijsselbloem.