finance

  • Mario Monti – Week to save the eurozone

    Italy‘s prime minister, Mario Monti, has warned of the apocalyptic consequences of failure at next week’s summit of EU leaders, outlining a potential death spiral that could threaten the political and economic future of Europe.   The Italian leader is to hold talks with Chancellor Angela Merkel of Germany, the French...
  • The future of Europe

    (CNN) — Fifty years ago, a Frenchman and a German — seared by the devastation of World War II — forged an enterprise with the less than exciting name of the European Coal and Steel Community. West German Chancellor Konrad Adenauer and French Prime Minister Robert Schuman’s modest beginning to...
  • EU plans for new financial confederacy of Eurozone states

    One year later, with the euro zone’s debt crisis threatening to tear the bloc apart, Germany is pushing its partners for precisely the kind of giant leap forward in fiscal integration that the now-departed European Central Bank president had in mind.   After falling short with her “fiscal compact” on budget...
  • EU discusse about limiting ATM withdrawals

    European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro. EU officials said the ideas are part of a range of contingency plans. They emphasised that...

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