Sentences with phrase «with eurozone»
This was then reflected in 2010 with the Eurozone debt crisis with sovereigns hoarding their cash reserves at their central bank in case of potential runoffs on their bonds and deposits.
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In 2010 and 2012, Greece agreed with its Eurozone partners and the IMF to accept two large bailout packages conditioned on the fulfilment of far - reaching, austerity - oriented reforms.
As we have seen with the Eurozone fiasco politicians will do anything to save face rather than admit it was a crazy idea in the first place.
Ultimately, the buck stops with the Eurozone countries, whether it's funding or simply a guarantee.
With the Eurozone, there are contagion effects; panics in one nation prompt investors to look at other nations, and leave weak situations.
The pair struggled to hide their divisions over how to deal with the eurozone crisis.
The prime minister is expected to offer a referendum to voters after renegotiation of powers in Brussels but several obstacles stand in his way — not least winning a Commons majority and getting European states to agree to the negotiations while they have their hands full with the eurozone crisis.
The second part of the agreement involves a common resolution scheme whereby when any eurozone bank gets into trouble the scheme will decide whether to bail out the bank or let it go bust, with all eurozone governments jointly bearing the cost of the bailout.
As Open Europe has argued for a long time, Merkel is fiercely determined to achieve Treaty change in order to transfer risks associated with eurozone failure away from German taxpayers.
Meanwhile, Wednesday's emergency summit in Brussels saw the creation of a package to deal with the eurozone's debt crisis, which includes a controversial extension of the European Financial Stability Fund to one trillion euros.
We all know that the EU has faced enormous challenges in recent years, with the eurozone crisis and the various relapses over the Schengen Agreement.
The Greek government hopes to reach an agreement at an April 24 meeting with the eurozone finance ministers.
With eurozone inflation surprisingly weak, the ECB's patience risks being tested
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The Federal Reserve was finally able to say Wednesday that U.S. inflation had moved close to its 2 % target.
Words like «broadening» and «strengthening» had not been used in combination with the Eurozone recovery for quite a while.
Meanwhile, debt troubles continue to plague Greece and, to a lesser extent Spain, with Eurozone leaders divided over appropriate action.
Prime Minister Alexis Tsipras said Saturday that the hard part of Greece's negotiations with its eurozone partners lies ahead, a day after the Eurogroup agreed in Brussels to extend Athens» loan agreement for four months.
However, Varufakis» strategy already failed in previous negotiations with the Eurogroup, as the agreements signed with Eurozone countries stipulate that Greece will not be granted any further payments before the end of April, and they would be conditioned by a successful evaluation of the implementations of reforms announced by the Tsiprasled Greek government.
Papandreou addressed a press conference following a crisis meeting with eurozone leaders in Cannes.
FRANKFURT — Faced with a eurozone economy stubbornly resistant to revival, the European Central Bank on Thursday went where no central bank — at least no major one — had gone before.
The deal, agreed to on Monday after 17 hours of talks with eurozone leaders, contains tough conditions including pension cuts, tax increases and the movement of public assets into a trust fund to pay for the recapitalisation of Greek banks.
Russia is fiscally sound enough to offer a US$ 20 - billion bailout to the European Union, and with the eurozone in trouble, Putin sees the so - called Eurasian Union of former republics as a way to counter U.S. influence.
Not exact matches
Despite the recent softness in data — the Citi economic surprise index for the eurozone is now at its lowest since June 2012 — markets remain stubbornly bullish on the euro with overall bets still near record highs as longer - term expectations remain optimistic.
Today, Sweden is among the most - connected countries in the Eurozone, with more than nine out of 10 households having internet access as of 2015, according to European Commission data.
The Commission, meanwhile, said Britain will continue to lag the eurozone over the coming years, forecasting growth of only 1.5 percent this year and 1.2 percent next, with the economy hobbled by Brexit uncertainty.
He also urged eurozone governments to push on with economic reforms, particularly to their labor markets.
Wall Street stock futures are lower again this morning, with markets finally taking on board the risks of a Greek default and / or exit from the Eurozone.
And with a default in Greece no longer being a question of «if» but «when,» the eurozone will be hard pressed to find an orderly way to manage it without triggering contagion and a run on the banking system.
A large share of Italian debt issued under domestic legislation does not have any contract terms and is regulated by an Italian law that gives the Italian Treasury ample latitude to restructure the debt... The composition of Italian public, however, is changing rapidly because in January 2013, Eurozone members started issuing bonds with standardized contract terms.
The eurozone's recovery from the sovereign debt crisis has been about improving situations in the economic bloc's peripheral economies like Italy and Portugal, and this new batch of uncertainty in Portugal's financial sector is not sitting well with investors.
But a strange showdown is shaping up between the eurozone's powers, which can not and will not extend unconditional aid, and a country ravaged by austerity with little appetite for more.
«I've heard stories of companies hedging their bets with some of the eurozone economies,» Langrish says, explaining that some have set up accounts to pay their employees in euros should their home country exit the eurozone and reintroduce its old currency.
«We are very skeptical that the Eurozone and EU would respond to Brexit with attempts to deepen integration in the near - term.
The eurozone and Japan are best - placed for the continuing bull run, according to Citi, since both regions have both strong earnings potential and central banks ready and willing to flush the markets with more quantitative easing.
Some of that is for good reason — the eurozone's recovery is still extremely modest, China's growth is slowing (along with most other emerging markets) and investors are uncertain over the ability of the halfway - recovered US and UK economies to sustain higher central bank interest rates.
The eurozone, in particular, is about to embark on this demographic challenge with a mountain of debt.
There aren't many CEOs who would get such presidential calls, or who would meet a few weeks later at the presidential palace in Paris with Nicolas Sarkozy to discuss eurozone economic issues.
European stocks, which had followed much of Wall St's rout on Monday, had less dramatic falls Tuesday, but failed to stabilize with any conviction after data showing service sector activity across the Eurozone and U.K. was weaker than originally thought in December.
The Eurozone is coming to terms with the return of crisis conditions to Greece, as new elections on Jan. 25 approach.
After 15 hours of talks that stretched through Sunday night and into Monday, Greece walked away from the emergency summit of Eurozone leaders with a «compromise» bailout package.
«With foreign assets worth $ 6 trillion, most of which consist of claims on its eurozone partners, Germany would lose out massively if the eurozone fragments,» wrote Jean Pisani - Ferry, director of Brussels - based think - tank Bruegel, in a recent commentary.
Without a clear voice from Berlin, the EU will simply find it harder to articulate policies to deal with the suppression of civil rights in central Europe, the splintering of the single market through Brexit and — heaven help us — a possible renewal of the Eurozone crisis amid as global interest rates turn higher.
The assumption is that a Samaras win would be better for the markets, and that a Tsipras victory would put Greece into conflict with the rest of the Eurozone, thus creating the possibility of a Greek exit.
Coupled with other bumps on the road (think the eurozone crisis and slow global growth) the overall effect, he added, «has been economic growth around 2 percent, and only a very gradual improvement in labor markets.»
He's under considerable pressure to begin buying the bonds of stricken eurozone members with reckless abandon.
Even with austerity programs in place, the eurozone's collective budget deficit this year will exceed 4.5 % of GDP.
Speaking in Berlin after meeting with members of the center - left Social Democratic Party, Jeroen Dijsselbloem of the Netherlands, the leader of the eurozone finance ministers, criticized Mr. Schäuble for raising the suggestion of a Greek exit.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to this afternoon's FOMC Meeting Statement followed by reports tomorrow on UK PMI, Eurozone PPI, CPI, US Challenger Job Cuts, Productivity, Unit Labor Costs, Jobless Claims, Trade Balance, Markit Services PMI, ISM Services, Durable Goods and Factory Orders for near term direction.
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.
With the election behind us, our attention now shifts to the growing breadth of the internal eurozone recovery, helped by a Macron - led France.
The European Central Bank, which supervises commercial banks in the eurozone, is considering opening an inquiry into whether HNA meets the criteria for large bank shareholders, according to two people with knowledge of discussions who were not authorized to speak on the record.