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Geithner visit stirs hope for Eurozone
The top US finance official meets his German counterpart and the head of the European Central Bank Monday, fueling hopes Europe is about to take decisive action to save the crisis-wracked Eurozone. US Treasury Secretary Timothy Geithner was to meet Wolfgang Schaeuble to raise the pressure on Berlin and push…
Current eurozone set-up is ‘unsustainable’: Draghi
The president of the European Central Bank, Mario Draghi, called on Thursday for eurozone leaders to lay out a vision for the future of the embattled bloc, as its current set-up is “unsustainable.” “The next step … is basically for our leaders to clarify what is the vision for a…
Geithner to visit Europe for debt crisis talks
US Treasury Secretary Timothy Geithner will travel to Europenext week for talks with authorities focused on fighting theeurozone debt crisis, the Treasury Department said Friday. Geithner “will travel to Europe December 6-8, 2011, for discussions with his counterparts on their efforts to reinforce the institutions of the euro area,” the department said in…
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Never mind Cyprus – look to Germany for causes of the euro crisis
Proper analysis suggests Germany is not a wage-productivity paragon but a major cause of the eurozone crisis Over the course of the last week’s tense negotiations over a Cyprus bailout deal, much of the commentary has focused on the role of Europe’s finance ministers. But perhaps closer attention should be…
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