Posts Tagged European Financial Stability Facility (EFSF)
We’re going to need a bigger bazooka!
Posted by Stephen Clarke in Economics, European Union, Politics on 28/10/2011
On Thursday some greeted rises in world stock markets as a sign that the EU’s bail-out ‘bazooka’ had worked in scaring away speculators and reassuring the markets. Today’s news that Italy has had to sell 10 year bonds at a record high price indicates that simply inflating the bail-out fund is no panacea.
The hidden dangers of safety nets
Posted by Stephen Clarke in Economics, European Union, Politics on 20/12/2010
With the Irish bail-out agreed upon EU leaders and Eurozone country governments have been returning to the long-term task of placing the Eurozone on a more sustainable footing. However a number of recent pronouncements highlight the difficulties in concurrently achieving short-term stability and long-term change.
