euro zone Archives - IREF Europe https://en.irefeurope.org/tag/euro-zone/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Wed, 19 Jul 2023 05:17:58 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png euro zone Archives - IREF Europe https://en.irefeurope.org/tag/euro-zone/ 32 32 The European Stability Mechanism hangs by a thread – on France’s credit rating https://en.irefeurope.org/publications/online-articles/article/the-european-stability-mechanism-hangs-by-a-thread-on-frances-credit-rating/?utm_source=rss&utm_medium=rss&utm_campaign=the-european-stability-mechanism-hangs-by-a-thread-on-frances-credit-rating https://en.irefeurope.org/publications/online-articles/article/the-european-stability-mechanism-hangs-by-a-thread-on-frances-credit-rating/#respond Wed, 19 Jul 2023 05:17:58 +0000 https://en.irefeurope.org/?p=35167 Introduction The European Stability Mechanism (ESM) backstops the euro. Its nominal size is €705 billion but its lending capacity is lower at €500 billion, and the main condition attached to…

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]]> https://en.irefeurope.org/publications/online-articles/article/the-european-stability-mechanism-hangs-by-a-thread-on-frances-credit-rating/feed/ 0 France receives a debt downgrade as interest costs and the EU imbalances increase. Is there any way out? https://en.irefeurope.org/publications/iref-newsletter/article/france-receives-a-debt-downgrade-as-interest-costs-and-the-eu-imbalances-increase-is-there-any-way-out/?utm_source=rss&utm_medium=rss&utm_campaign=france-receives-a-debt-downgrade-as-interest-costs-and-the-eu-imbalances-increase-is-there-any-way-out https://en.irefeurope.org/publications/iref-newsletter/article/france-receives-a-debt-downgrade-as-interest-costs-and-the-eu-imbalances-increase-is-there-any-way-out/#respond Wed, 17 May 2023 05:57:18 +0000 https://en.irefeurope.org/?p=35088 Ratings Agencies take notice of deteriorating finances Debt ratings agencies may not have the power they used to possess before the 2008 global financial crisis, but they still carry influence.…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/france-receives-a-debt-downgrade-as-interest-costs-and-the-eu-imbalances-increase-is-there-any-way-out/feed/ 0 Cyprus’ Bailout https://en.irefeurope.org/publications/online-articles/article/cyprus-bailout/?utm_source=rss&utm_medium=rss&utm_campaign=cyprus-bailout https://en.irefeurope.org/publications/online-articles/article/cyprus-bailout/#respond Thu, 07 Mar 2013 17:42:46 +0000 https://en.irefeurope.org/publications/online-articles/cyprus-bailout/ The European Union is about to bail out Cyprus but no details on how it could be done are released yet. Joerg Asmussen, ECB board member, announced that “the troika of European Union, International Monetary Fund and the European Central Bank would send a mission of experts to Cyprus on Tuesday for a technical analysis of the country's financing needs and to get a better understanding of the new Cypriot government.” Owing to the importance of the event for the Euro zone, it is worth reminding what Enrico Colombatto, IREF scientific director, wrote on Cyprus’ bailout.

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]]> https://en.irefeurope.org/publications/online-articles/article/cyprus-bailout/feed/ 0 Why the EU should think twice before granting a loan to Greece https://en.irefeurope.org/publications/online-articles/article/why-the-eu-should-think-twice-before-granting-a-loan-to-greece/?utm_source=rss&utm_medium=rss&utm_campaign=why-the-eu-should-think-twice-before-granting-a-loan-to-greece https://en.irefeurope.org/publications/online-articles/article/why-the-eu-should-think-twice-before-granting-a-loan-to-greece/#respond Wed, 28 Apr 2010 11:52:53 +0000 https://en.irefeurope.org/publications/online-articles/why-the-eu-should-think-twice-before-granting-a-loan-to-greece/ The disaster everyone feared for several months finally occurred yesterday – Greece’s credit rating was reduced to junk status and financial markets slumped. Moreover, Portugal’s debt has also been downgraded, Spanish stocks plunged more than four percentage points and in Italy it was difficult to sell government bonds.

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