One grand coalition, no grand vision
Tag Archives: Eurozone crisis
Vote delayed on Cyprus’ plan to use citizens’ bank savings for bailout
Up to 10 per cent of personal savings would go to the government
The danger of a Greek exit and why it matters to Canada
The eurozone crisis: an illustrated guide to the biggest threat to the Canadian economy
Rocking the eurozone today: Catalonia and Greece
The government of Catalonia, one of Spain’s autonomous regions, has called a snap election for Nov. 25 on the topic of self-determination. Voters will decide whether they want Calanonia’s status to stay as it is, or whether the region should take on more powers to handle its own assets (read: take more control over taxes). The election will, in effect, be a referendum on the future of Catalonia.
A compulsory happiness survey?
That’s why the Brits have a problem with Brussels
Britain and the EU: Should they stay or should they go?
If 100 Tory MPs get their way, a referendum will leave it to the public to decide.
EU moves to shore up Spain’s banks
Finance ministers from the European Union reached preliminary terms for a bailout of Spain’s debt-ridden banks this morning.
Spain’s banks, Greece’s election increase euro tensions
Spain woke up today with a dark cloud over its fiscal situation, Reuters reports. Following a downgrade of its credit rating by Moody’s Investors to just above “junk” status, 10-year government bond yields rose up to a record high of 7.02 percent. This compares to “the 7 percent mark that drove Greece, Ireland and Portugal to seek international bailouts.”
Spain got the bailout, but some warn money always comes with strings attached
Markets were trading on a positive note this morning after Spain announced on Saturday a $129-billion deal to refinance its ailing banking sector. That optimism, though, seems to be fading already as investors ponder the details of the deal and start fretting about the Greek election next Sunday.
Flaherty tells of eurozone talks, surprising some G7 counterparts
Ottawa disclosed that the finance ministers and central bankers of the G7 group of advance economies held emergency eurozone talks on Tuesday, even though it would have been up to the U.S. to make such an announcement, the Financial Times reports: