Countries using the Euro de jure Countries and territories using the Euro de facto Countries in the EU not using the Euro (Photo credit: Wikipedia)
By Nikolaus Van Der Pas, Friends Of Europe, September 17, 2012
EU activity resumed after the summer with some good news. ECB President Mario Draghi buoyed markets with a commitment of unlimited purchases of bonds from fragile Eurozone countries; the German Constitutional Court gave the thumbs up to the European Stability Mechanism; Commission President Barroso delivered an ambitious State of the Union speech, and the Dutch voted for pro-European parties, rejecting their nationalistic rivals… (more) http://ow.ly/1muvPY
Bundesverfassungsgericht, Karlsruhe (Photo credit: Al Fed)
European Inst: German Constitutional Court and the European Bailout Fund (9/11) http://ow.ly/1moNYo
English: Kemal Dervis, Administrator, United Nations Development Programme (UNDP), during the Annual Meeting 2006 of the World Economic Forum in Davos, Switzerland, January 28, 2006 (Photo credit: Wikipedia)
Kemal Derviş, Brookings, August 30, 2012
Sebastian Mallaby (Photo credit: Wikipedia)
By Sebastian Mallaby, Director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations, August 8, 2012
Financial markets, it has often been observed, are thin and volatile in August. Much the same can unfortunately be said for crisis management in Europe. The latest initiative from the European Central Bank has cheered markets. But it appears too qualified to be a lasting game changer… (more) http://ow.ly/1lTQ4W
Peter Sutherland, Project Syndicate, August 9, 2012
When Mario Draghi, the president of the European Central Bank, publicly proclaimed that the ECB would do “whatever it takes” to ensure the future stability of the euro, the effect of his remarks was immediate and remarkable. Borrowing costs fell dramatically for the governments of Italy and Spain; stock markets rallied; and the recent decline in the external value of the euro was suddenly checked… (more) http://ow.ly/1lTN7r
FriendsOfEurope: Financial markets have been left disappointed after European Central Bank president Mario Draghi announced that more measures to support the euro will be completed “over the coming weeks”.
The governing council of the ECB met in Frankfurt on July 2 to discuss the future of the euro.
At his press conference Draghi expressed reassurance stating that the ECB is “willing to buy bonds of weaker nations”. (more) http://ow.ly/1lOfP7