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Euro Crisis News Overview
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The ECB is unlikely to take further action before seeing updated inflation forecasts at its Sept. 8 meeting, taking comfort from a stabilization in financial markets after an initial 'Brexit' shock. But economists expect it to announce as early as the autumn that its 80-billion-euro asset purchase program will continue beyond its current end-date in March 2017. A change to the technical terms of the bond purchases is also expected, to allay concerns about a scarcity of bonds to buy in some countries such as Germany.
European Central Bank President Mario Draghi is likely to plead for governments to do more to boost the euro zone's economy in the coming week as the fallout of Britain's vote to leave the EU and weaker global growth threaten the bloc's fragile recovery.
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+Euro Crisis News Overview because the same governments that first screw up their own countries are the ones that started the EU

it's just 1 of the many problems
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Eurozone finance ministers on Tuesday formally agreed to officially begin a sanctions procedure against Spain and Portugal for doing too little to fix their rule-breaking deficits. On 12 July 2016, the Council found that Portugal and Spain had not taken effective action in response to its recommendations on measures to correct their excessive deficits. It confirmed …
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#EU #finance ministers will on Tuesday (12 July) officially say that #Spain and #Portugal violated EU #budget rules by not doing enough to reduce their deficits.
EU finance ministers will officially say that Madrid and Lisbon did not do enough to reduce their deficits. Both countries could still avoid sanctions.
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The International Monetary Fund urged the European Central Bank to consider expanding its asset-purchase program if inflation in the euro area doesn’t rise from current low levels. "Given the very weak outlook for inflation, the ECB should stand ready to ease further if inflation remains below its anticipated adjustment path,” IMF staff said Friday in an Article IV report on the euro area. “Dis-inflationary pressures remain strong with 11 countries reporting negative inflation in May” and “with second-round effects weighing on core inflation.”
The IMF cut its 2017 growth forecast for the euro area to 1.4 per cent from the 1.6 per cent it predicted in April, citing the U.K.'s June 23 referendum
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A perfect storm is brewing for Italian prime minister Matteo #Renzi . The once golden boy of European #politics is now facing the strongest political and economic headwinds since coming to power two and a half years ago. #EU #Italy  
Italian banks stricken by massive amounts of bad loans and falling shares are becoming a financial and political problem for PM Matteo Renzi and for the EU.
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#Spain and #Portugal have not done enough to reduce their deficit, the European #Commission has decided on Thursday (7 July) and they face sanctions that in the end may not be imposed.
Madrid and Lisbon did not take "effective action" to reduce their deficit, but the EU executive said their was "no will to punish" them.
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While most people fret about the fallout from Brexit, some experts believe Italy’s banking crisis represents a far greater threat to the eurozone.
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I truly hope this is the end of the Euro. With the exception of Germany and Austria the euro has bought nothing but misery to the people of Europe. How anyone can justify it's existence is beyond me.
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Italy's economy will not return to the levels seen before the 2008 financial crisis until the mid-2020s, the IMF has said, implying "two lost decades". By the mid-2020s, it says the economies of other eurozone members will be 20-25% larger than levels seen in 2008. The Fund's comments came as it cut its growth forecasts for the eurozone's third largest economy. It now expects Italy's economy to grow by less than 1% this year, compared with an earlier estimate of 1.1%. The IMF also cut its growth forecast for 2017 to about 1% from 1.25%. Italy has an unemployment rate of 11% and a banking sector in crisis, with government debt second only to that of Greece.
Italy's economy will not return to its pre-2008 crisis levels until the mid-2020s, the IMF says, implying nearly "two lost decades".
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More bailouts on the way?

Europe urgently needs a 150 billion-euro ($166 billion) bailout fund to recapitalize its beleaguered banks, particularly those in Italy, Deutsche Bank AG’s chief economist said in an interview with Welt am Sonntag.

"Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident".

Europe urgently needs a 150 billion-euro ($166 billion) bailout fund to recapitalize its beleaguered banks, particularly those in Italy, Deutsche Bank AG’s chief economist said in an interview with Welt am Sonntag.
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in Europe, the crisis of 2008 genuinely hasn’t ended. Greece had a major debt crisis as recently as last year, and Spain is still suffering from an unemployment rate above 20 percent
Italian banks have about $400 billion in bad loans on their balance sheets, and markets have started to panic.[..] observers worry that some banks could be on the verge of collapse
In the long run, this situation doesn’t seem sustainable. If economic policy is going to be made on a Europe-wide basis — and the euro is pushing the continent in that direction — then it should be made by a Europe-wide, democratically elected body like the European Parliament. That would mean shifting functions like taxation and bank regulation up to the EU level
If, on the other hand, voters want to maintain national control over economic policy, then Europe might be forced to reconsider the wisdom of a shared currency
Italian banks have $400 billion in bad loans, and Italy and the European Union are fighting over what to do about it.
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Je ne retournerai JAMAIS en Cévennes !?
C'était à croire que j'étais un OVNI ?

Venant d'UNE PLANÊTE ETRÂNG'ÊRE !!!!!!!!'
Ils n'avaient pas appris'
Les DECLINAISONS ALLEMANDES avec Monsieur Seghers
AU CEG DE QUIEVRECHAIN !!!!!...?!!!
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A perfect storm is brewing for Italian prime minister Matteo #Renzi . The once golden boy of European #politics is now facing the strongest political and economic headwinds since coming to power two and a half years ago. #EU #Italy  
Italian banks stricken by massive amounts of bad loans and falling shares are becoming a financial and political problem for PM Matteo Renzi and for the EU.
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The European #Commission on Tuesday (5 July) postponed its decision on whether to open procedures against #Spain and #Portugal for excessive deficit.
The college of commissioners had a "first discussion" on whether to start a deficit procedure against Madrid and Lisbon. It said it will take a decision "very soon".
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News items from the worlds media about the current euro crisis
Introduction
This page contains a running list of news articles about the current crisis in the Euro zone.
These are mostly whatever I stumble upon...