Charts we know of the Cyprus crisis
By 2017 the two largest Cypriot banks–Bank of Cyprus and Cyprus Popular–face debt repayments of €11 billion or 86 percent of the whole economy’s output.
eurozone
“If only Europe worked as a group, we could benefit from US economic growth”
MADRID | By Tania Suárez | Analyst at Hanseatic Brokerhouse, Juan Enrique Cadiñanos believes the US economy’s expansive cycle will not affect the Eurozone because “Europe does not work as a group.”
Europe’s moment of truth
BRUSSELS | By Ann Mettler | The worst response to the Italian elections would be not to speak the truth, to cave in to the idea that somehow “austerity” is to blame for the current woes, that once again breaking the rules of the Stability and Growth Pact would somehow improve the situation.
Germany needs to offset budget deficits, labour costs in the Eurozone
BRUSSELS | by Eberhard Rhein | However important balanced budgets might be for Europe in view of its rising social charges, in particular the huge burden resulting from an ageing population, Germany does not deserve praise for having precipitated the balancing of its budget.
Spain among top 5 world’s tourism industries
GENEVA | France fell four places from third in 2011 to seventh, while Spain climbed to fourth from eighth.
Italians vote: vaffanc*lo!
By Marcus Nunes, economist and author | If you followed the results of the Italian general election, you would probably be wondering: what will happen to the “growing investor confidence” the European Commission was talking about?
How eurozone’s central bank saved Lloyds
LONDON | Behind the option of recovering the public investment made in Lloyds TSB, a possibility sounded today by Whitehall amid better priced bank stocks, there is the European Central Bank. But British taxpayers will probably never know.
Eurozone banks hoard €200-billion excess liquidity
Why should banks enjoy the comfort of placing money in the Frankfurt-based central bank for risk-free profit? They should instead letting it flow. After all, businesses are starved of cash to hire and invest.
Eurozone’s last straw: a strong euro
In the current environment of huge indebtedness and low inflation, with sizeable unspent resources, a strong euro adds insult to injury.
Eurozone attracted more foreign direct investment than US, LatAm in 2012
Uncertainty is driven by a scenario with lower growth rates for GDP, trade, capital formation and employment, and by a number of perceived risk factors related to the Eurozone crisis, and the United States fiscal cliff.