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Tag Archives: eu summit

Merkel on Eurobonds: “Not in My Lifetime”

German Chancellor Angela Merkel sought to bury once and for all the idea of common eurozone bonds yesterday (26 June), as Italian Prime Minister Mario Monti repeated calls to use the EU’s bailout funds to ease pressure on Italian debt. Two days before a crucial European Union summit, European Council …

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Greek Caretaker PM Meets President on “Issues that Urgently Need to be Addressed”

Caretaker Prime Minister and ex-banker  Lucas Papademos visited President Karolos Papoulias on Friday afternoon amid signs that the forming of a coalition government after May-6 elections seems difficult if not impossible. “I came to brief you about the developments in the economy and the international markets as well as about economic and foreign …

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25 EU Leaders Agree on Fiscal Compact Treaty. What’s that?

 Twenty five European Union leaders agreed at the EU summit on a new fiscal treaty designed to strengthen budget deficit and debt rules in all EU members. UK and the Czech Republic have decided not to enter into it. The new Treaty, now a Treaty of 25 countries, will impose German …

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Greece Out of the Agenda of EU Summit Jan 30/12?

 Reuters reports that Germany does not expect the troika of foreign lenders that is currently in Athens to deliver a report on Greece’s progress before a summit of European Union leaders on Monday, a senior German official said on Thursday. “I would not expect the report of the troika to …

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The EU-Summit Conclusions in Short…

The new European Treaty will include Eurozone’s 17 member states and six more countries but not all 27 EU countries, according to the President of European Council Herman Van Rompuy. The President said that the countries would provide additional funds of €200 billion to the International Monetary Fund. Its managing director …

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vRompuy: Fast-Track EU Treaty Changes Without National Ratifications

The man would most likely be the permanent “King” of the New Europe. In a move to convince on his democratic point of views, the future absolute ruler of EU, President of European Council Herman Van Rompuy sat down at a table and wrote down his proposals for the future of the …

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Greece shocked by a Possible Haircut of 50-60%

Greece is shocked as European leaders accepted Germany’s proposal for a big haircut of 50-60% of the Greek bonds, much bigger than the 21% that was agreed on July 21. The banks have still problems with it , however the final decision is to be taken on Wednesday – time enough for negotiations. …

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