Spain Granted a Bailout, Greece Still to Deal With

July 16, 2012 Leave a Comment

European economic

As European economics keeps shrinking and Euro Zone experiences serious recession, leaders and international community shift the focus from one country in turmoil to another. By now Greece and Spain are going through the most hardships. Spain has been recently granted a large bailout, giving hope to financial market players. After the financial sector got capital infused, Spanish situation has somewhat settled down, but concerns are in Greece again. European leaders planned to discuss the issue on June 19 meeting in Mexico.
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Fallout from Paying Holdouts to Greek Bond Swap

June 8, 2012 Leave a Comment

Greek Bond

In March 2012, Greece offered a bond swap, called the Private Sector Involvement (PSI), to private creditors that generated a take-up of about 97%. Under the debt restructuring deal, banks and financial institutions agreed to swap most of their current Greek government debt for the new bonds that are worth much less and give fewer profits.
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Greek Uncertainity Raises Concerns

June 2, 2012 Leave a Comment

Greece-Euro Zone

Politics and economy are interrelated notions. The Greek politicians did not manage to create a coalition, which means the country dwellers will have to vote once again. The inconclusive elections held this year have involved an unprecedented amount of economic aspects. The voters seemed to mind the economic outcome much more than the political decision and came to polls to oppose the austerity.

Many of them predict the second elections to be uncertain and bring no leader again. This trend consists in people’s turning to radical parties such as Syriza to protest the austerity measures. The left-wing party is actually unable to form a government on its own.
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G8 Summit Focused on Jobs Creation and Growth in Eurozone

May 20, 2012 Leave a Comment

G8 Summit

Speaking after the 2012 G8 Summit, President Obama cited an emerging consensus that the Eurozone’s 17 member countries must focus on growth and jobs instead of austerity measures. President Obama said that there was a growing agreement that Europe should invest in infrastructure that will create jobs and undertake other economic programs while controlling its deficits and debts and everyone knows that a stable and vibrant European economy is in their best interest.
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