But he also called
on eurozone governments, as he has often done, to do their part to stimulate the economy by taking measures to raise productivity and by making changes to improve the business environment.
Not exact matches
He also urged
eurozone governments to push
on with economic reforms, particularly to their labor markets.
Treasury yields retreat
on Thursday by falling rates in European
government bonds after
eurozone inflation data came in weaker than expected.
It also appears that the ECB will concentrate
on reducing its purchases of
government (rather than corporate) bonds, but here issuance is increasing, with the net amount of
eurozone government debt set to expand in 2018, in contrast to the contraction seen over the previous 18 months.
FRANKFURT — The European Central Bank said
on Thursday that it would begin buying hundreds of billions of euros worth of
government bonds in an aggressive — though some say belated — attempt to prevent the
eurozone from becoming trapped in long - term economic stagnation.
Treasury yields fall after tepid
eurozone inflation data spark German bund rally European
government bonds strengthened as inflation weakensTreasury yields retreat
on Thursday by falling rates in European
government bonds after
eurozone inflation data came in weaker than expected.
Eurozone governments will likely approve
on Monday a long - elusive rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, senior officials said.
In reaction to the polls, the spread
on French five - year
government bonds rose to its highest level since the
eurozone debt crisis.
Greece would have no means for funding, and could end up leaving the
Eurozone, not because it was specific strategy
on the part of the
government or even
on the part of the creditors, but again, almost by accident.
Growth in most of the
eurozone has remained tepid and reliant
on continued central bank stimulus, though the European Central Bank's (ECB's) bond - purchasing program has been hampered by a scarcity of eligible bonds, as issuance from member
governments is restricted by their austerity - driven policies.
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.
France's Socialist Finance Minister has warned Greece that if Greece's
government goes back
on its agreements to its European lenders, then Greece is looking at expulsion from the
Eurozone.
While it is quite true that some of the shackles
on growth are outside of the control of domestic economic policy, such as the continuing
eurozone crisis and imported inflation,
government does have a role to create the best possible environment for businesses to thrive and grow.
Mahmoud Abbas has been threatening to dismantle the Palestinian Authority over and over since April 2010, saying he would hand over «the keys» for the occupied West Bank to the Israeli
government; while in 2011, Greek Prime Minister Papandreou threatened to leave the
Eurozone and called a popular referendum
on austerity measures, which implicitly questioned membership in the euro zone.
It could also be different if it coincides with importunate military pressures or pressures
on the currency that preclude slower - paced adjustment (as in 1931 or 1950), or if it takes place in the context of an external bailout that cuts across the normal electoral cycle (as with the US bailout of the Attlee
government in 1949, the IMF bailout of 1976 or the more recent
Eurozone bailouts), or in a context of no or very low economic growth over a prolonged period.
Last week Mark Reckless told politics.co.uk he wanted the
government to «insist»
on more powers being brought back to Britain, while Robin Walker said the
eurozone crisis offered an «opportunity» to repatriate powers.
The British
government has tried to bring the two sides of the
eurozone debate together with separate messages to the Greek and German people
on the back of a G8 meeting in the US.
Adam Fleming took the mood box to find out whether the public thought the age of austerity was worth it as the crisis in the
eurozone rumbles
on,
government cuts are starting to bite, and the cost of living continues to go up.
Certainly the attitude of the UK
government has not helped;
on one hand urging the
eurozone to accept the «remorseless logic» of greater economic and fiscal integration, including Germany taking
on liabilities for weaker
eurozone states via debt pooling, while
on the other refusing to take part in such measures itself and zealously looking after its own self interest.
The prime minister raised eyebrows yesterday when he said the
eurozone must either «make - up or break up» during PMQs, but the phrase appears to be solidifying into the
government line, as he reiterated it in a speech
on the economy later.
Miliband then used his speech to launch a powerful assault
on the
government's claim that Britain has entered a double dip recession as a result of the troubles in the
eurozone.
Boris Johnson has criticised the coalition for encouraging closer fiscal and political union within the
Eurozone, in yet another attack
on David Cameron's
government.
The book spends a lot of time
on the
Eurozone, with its bevy of distressed
governments.
Of course, the big unknowns are what happens if the
eurozone crisis deepens and / or the Irish
government gets even more «hands
on» with the financial sector, so let's not count our chickens just yet!
The first was set out in the Eurogroup statement of 20 February 2015 and the second took the form of a complementary list of planned reforms, which was sent by the Greek
government to its
Eurozone partners
on 23 February 2015.
Overall, the book gives an excellent account of the debate
on the legitimacy of
government and governance of the
Eurozone and ultimately the EU that took place in the aftermath of the Eurocrisis and contains interesting ideas
on how more democratic legitimacy could be achieved, which is why it is definitively worth reading and discussing.