In June 2012, the European Commission outlined a set of proposals for dealing with failing banks in the E.U. Known as the “ …
Euro
Cyprus Rescue: The Destruction of a Tax Haven
Cyprus is paying a high price for the $13 billion financial rescue it obtained from the E.U.: the destruction of a key pillar of its economy, its status as the offshore tax haven of choice for wealthy Russians
Cyprus Banking Crisis: The Endgame Begins
The ultimatum has been issued: the E.U. is pressuring Cyprus to end its standoff over a proposed financial-rescue package and agree to new terms very rapidly — or face bankruptcy. Cyprus is scrambling to respond with a revised …
Cyprus: The E.U. ‘Rescue’ That Risks Backfiring
With its $13 billion agreement to bail out Cyprus, the E.U. this weekend thought that it had successfully doused the latest threat to its single currency, the euro. Cyprus has run into trouble because its banks are heavily …
Spain Plays Cat-And-Mouse Over Bailout
An upcoming E.U. summit on banking union is being overshadowed by speculation over whether Spain will apply for financial rescue.
In Depressed Athens, a Money Museum Tries to Turn the Tide
As the people of Greece anticipate an even deeper slump and a possible abandonment of the euro, the central bank unveils a museum chronicling the history of money. This is what passes for financial education.
More Relief for Euro as German Court Gives OK to Bailout Fund
Second important decision in the euro’s favor in less than a week sparks rally in stocks and on currency markets
‘Super Mario’ Rides to the Euro’s Rescue
ECB plan to buy sovereign bonds of euro nations under market attack marks significant shift in policy
The Big New Idea for Saving the Euro
Giving Europe’s bailout fund a banking license would provide massive firepower to help flailing states, but proposal must first overcome deep German skepticism
Spain on Edge as Focus Shifts from Banks to State’s Finances
As Spanish antiausterity protesters take to the streets, financial markets switch focus from the nation’s messed-up banks to the wobbly state of its finances
The Euro Crisis: Why Greece’s Election Doesn’t Matter
Despite all the attention focused on Greece’s latest election, the results won’t alter the course of Europe’s widening debt crisis
Greek Voters Provide a Respite for the Euro, but for How Long?
Europe may be relieved by the outcome of the Greek parliamentary elections, but there are still significant obstacles to overcome for Greece to remain in the euro zone
