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Cameron speaks with the other European leaders
Inviato il 15 December 2011 da Forex Staff
David Cameron has sought to achieve consensus among European leaders about his decision, especially after French President Nicolas Sarkozy has been conducting a personal attack on his leadership. The Prime Minister told MPs to be in close contact with their counterparts in other Member States and insisted that the country is not one against 26. But tensions between Britain and France increased further last night, after an unconfirmed report, published by a French magazine, mentioning the words spoken by President Sarkozy in which he accuses Cameron behaving like a stubborn child. From the words of Sarkozy you understand that Cameron has ...
The European crisis seen by the European politicians
Inviato il 15 November 2011 da Forex Staff
After the last increases of the euro, Dopo gli ultimi rialzi della nostra valuta, there are those who think that we can have maybe two or three days of calm, but nothing has really changed. Spain, for example, has stopped growing in the third quarter, creating doubts about its deficit reduction targets. The European leaders are still in crisis on how to face the deep crisis. The pression grows on the European Central Bank in order to make it act forcefully. According to many, the ECB will become a complete provider of last resort, like the Federal Reserve and the Bank of ...
Saving Greece and the euro zone with the ESFS
Inviato il 26 October 2011 da Forex Staff
In Greece, the parliament has given initial approval for a new round of restrictive measures necessary to avoid a default that could have a strong reverberation in the whole euro area. The Greek police clashed with protesters in black this week outside the parliament and workers also did the largest strike in recent years to protest the cuts required to help their country in return. Slovenia, the last member of the euro zone to suffer a downgrade of the credit, has weakened. Standard & Poor has cut its rating for long-and short-term sovereign debt. The ...
Will the summit find a solution to the debt on Saturday and Sunday?
Inviato il 22 October 2011 da Forex Staff
We know that there is a great crisis in the euro zone that keeps the markets stalled. Saturday and Sunday the leaders of the areas will meet in an attempt to find a permanent solution, but hardly something like that will happen. If things go as saod, therefore no solution found, this may not do anything but further undermine the confidence of financial markets, already shattered, towards the euro area and from its ability to cope with the crisis debt that now lasts two years and that threatens the long-term viability of the single currency. The Financial Times opens another fundamental ...
France in Germany disagree on the resolution of the debt problem
Inviato il 22 October 2011 da Forex Staff
Plans to address the debt crisis in the euro area are stalled, with Paris and Berlin that are currently at odds over how to increase the firepower of the rescue fund. Sarkozy told French lawmakers about the dispute and flew to Frankfurt to talk with German Chancellor Angela Merkel, in an attempt to break the stalemate ahead of the summit on Sunday. The two leaders then left the meeting without speaking to reporters. When asked about whether an agreement had been reached, Jean-Claude Juncker, president of the Eurogroup of eurozone finance ministers, who attended the evening meeting, has said he will ...
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