Sentences with phrase «on eurozone countries»

And the European Central Bank's support of the largest banks and bondholders at the cost of domestic taxpayers has imposed monetary deflation on Eurozone countries, reminiscent of America's 19th - century deflation before and after the Civil War.

Not exact matches

The yield on Greece's three - year bond, which has surged from 4 % to 13.5 % since October, is now reflecting serious expectations that the country may end up outside of the Eurozone and unable to repay its euro - denominated debts.

On 7/14, the Central Bank of Italy reported that Italian public debt has risen upwards of 2.2 trillion euros in May, a new record for the Eurozone's second-most indebted country after Greece.

Mr Tsipras took to national television on Friday to demand the IMF's recommendations finally be part of any deal to keep his country in the eurozone, demanding $ 80bn be wiped off the its liabilities.

Together, those drags on the economy of the 19 - country eurozone are a reason the bloc's unemployment rate is more than double that of the United States, and why eurozone growth has lagged the American rebound in recent years.

Greece delivered a landslide no vote to the eurozone's terms for the country remaining in the single currency on Sunday night, unleashing a seismic political shift that could derail the European project.

A future German inflation rate above the eurozone average could be part of a natural adjustment process as crisis - hit countries pulled themselves out of recession, the Bundesbank argued in evidence to German parliamentarians submitted on Wednesday.

-LRB-...) their bets against the bonds of «core» eurozone countries — not just France, but Germany and the Netherlands too — represent a new, deeper level of bearishness on the single currency area's prospects.

The draft legislation is the latest in a series of income cuts, tax hikes and reforms imposed on austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink of bankruptcy and expulsion from the eurozone — the club of European Union countries that use the euro currency.

Greece's new debt deal would give the country an extra $ 179 billion (euro130 billion) in rescue loans from the rest of the eurozone and the International Monetary Fund - on top of the $ 152 billion it was granted a year ago.

Based on the country's recent economic activity, it certainly appears France could be in the early stages of outperforming its Eurozone counterparts.

To back up that point, Tsipras said a French businessman accompanying French President Emmanuel Macron on his 2 - day visit to Greece this week told him that the once prevalent narrative of Grexit — the likelihood of the deeply - indebted country leaving the 19 - nation eurozone — has now become Grinvestment.

Unemployment across the 19 - country eurozone has fallen to its lowest level in a little more than nine years on the back of strong economic growth, official figures showed Thursday.

Romania's unemployment rate in May fell to 6.6 percent, compared to 10.1 percent on average for eurozone countries.

You know on the one hand if a country leaves the Eurozone, and not like Britain did but like an actual country that's located directly in it like Italy or France, then the whole thing blows up because suddenly the credit markets go because at that point the credit rating for the European Union is different.

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro slumped to a four - month low in the aftermath of the bailout of Cyprus, as market participants worried about the implications for other countries on the periphery of the eurozone.

The money - strapped country and Syriza, its radical left - wing ruling party, are back in the headlines and on the minds of investors, as predictions that Greece could leave the eurozone abound.

It could cause the euro to rise in value against other currencies, potentially hurting exporters, and it could bring higher returns on savings as well as stiffer borrowing costs for indebted governments in the 19 - country eurozone.

As Greece's debt drama continues to unwind, some observers are predicting the country could default on its $ 315 billion owed, leave the eurozone — or both.

«The ECJ can not cancel budgetary agreements - however, we hope every constitution from all the 17 countries of the eurozone have a golden rule on deficit that targets equilibrium and balance,» Mr Sarkozy said.

He is ruffling feathers in Brussels and Berlin by insisting that he will renegotiate the EU's newly agreed fiscal treaty — enshrining budget discipline and austerity into eurozone countries» national laws and constitutions — to put more emphasis on growth and employment.

But if instead the eurozone want more powers and treaty change to prop up the euro, in return for that we should insist on bringing back powers from this country so we can once again be an independent country trading with Europe but governing ourselves.»

The prime minister's comments came after an informal summit of EU leaders over dinner failed to reach concrete conclusions on how to address concerns about Greece's future and high borrowing rates for other struggling eurozone countries.

It has now been agreed that when the European Banking Authority votes on banking union matters a double vote will take place: one for eurozone countries and a separate vote, requiring a simple majority for approval, among the EU's ten other member states.

Greece's leftist - led coalition will turn to the lightning rod issue of debt relief on Monday at a crucial meeting of eurozone finance ministers following the late - night approval in Athens of laws overhauling the country's tax and pension system.

That would be an even more dramatic and unprecedented event and there is no reason why Greece would want to do that (on a formal level, neither leaving the Eurozone nor the EU can legally be forced on a country, what other members or institutions like the ECB can do is be so uncooperative and make it so costly that the Greeks find themselves forced to take steps that effectively put them out).

The quote is less a comment on Cameron's pledge of a 2017 referendum than a view on how the British referendum lock will force a poll if there are further changes at an EU level, for instance by a consolidation of political union among eurozone countries.

Mr Cameron will nevertheless fight off any attempt to force Britain to present its budgetary plans each spring, arguing those plans should only apply to the 16 countries on the eurozone itself.

Paralysis in the Eurozone is causing alarm in the markets and having a chilling effect on economies in many countries — including our own.

In his speech he argues that Britain should choose a middle path between the core countries who are in the Eurozone and forging even closer union and the countries that he describes as being on the periphery - «the accession countries, EEA countries, Norway, Switzerland, and so on».

NPR's Soraya Sarhaddi Nelson reports they are banking on German frustration over bailouts of eurozone countries to propel them into office in national elections this fall.

June 29, 2012 • If the euro is to survive, the eurozone needs to be more like one country, and less like a bunch of different countries that happen to sit on the same continent.

While you can't change your prices set in Euros depending on the country your books will be sold (not even for independent retailers, as Amazon will match the price) and it will be priced evenly, you can change it for countries outside the Eurozone.

I obviously don't envision actual Eurozone bonds or funding — I prefer the described guarantee scheme (grafted on each country's debt issuance programme).

A higher GDP offers a country additional Eurozone debt capacity, while a GDP decline places some restriction on future issuance.

The other Eurozone countries will obviously be on the hook.

At the same time, the European Union has limits on the total amount a Eurozone country is allowed to borrow.