ECB official softens Greek exit

Investor's Business Daily
August 2012
Investors Business Daily;8/21/2012, pA02
A Greek exit from the currency union isn't the preferred outcome to the country's debt crisis but would still be manageable, European Central Bank policymaker Joerg Asmussen told a German newspaper. That echoes comments earlier this month from Jean-Claude Juncker, leader of the eurozone finance ministers' group. But Asmussen also warned a Greek exit would hurt growth, worsen unemployment, and be very costly to Greece and the rest of the eurozone.


Related Articles

  • Greek Creditors: Not So Fast. Investor's Business Daily // Investors Business Daily;5/29/2015, pA01 

    7 One day after Greek officials moved markets by claiming a deal was near, creditors offered a different view, with some, including IMF boss Christine Lagarde, saying too much work remains to be done. An ECB official said he expected Greece to default on its next IMF payment, due next Fri., but...

  • Europe Braces For Greek Exit. Investor's Business Daily // Investors Business Daily;5/21/2012, pA01 

    4.� �The European Commission and the ECB are preparing contingency plans in case Greece leaves the euro zone, the EU trade commissioner said, adding that a Greek exit wouldn't mean the end of the common currency. But EC officials denied such planning was taking place. A new opinion...

  • Beware Greeks Bearing Tiffs. Investor's Business Daily // Investors Business Daily;2/13/2015, pA01 

    7 With official talks between Greek and eurozone finance ministers not resuming until Mon., the new Greek PM met wary counterparts and told reporters he was confident about reaching an agreement. Euro and Greek stock markets rose. Separately, the ECB agreed to extend until Wed. the emergency...

  • No chance of an early exit from Greek tragedy. Vicky Pryce // Daily Mail;10/27/2014, p60 

    THERE is such a thing as bad timing even with the best of intentions. In late September the Greek Prime Minister, Antonis Samaras, announced his decision to seek an early exit from the strict procedures imposed by the 'Troika' of the IMF, the ECB and the EC surrounding its two bailouts in 2010...

  • End game for Greece. Leach, Graeme // Director;Jun2012, Vol. 65 Issue 10, p18 

    The article discusses the eurozone economic crisis as of June 2012 with a focus on the possibility that Greece will exit the euro. Topics include the differing views of France and Germany regarding fiscal and monetary policy, the European Central Bank (ECB), the campaigns of anti-austerity...

  • IMF Adds To Greece Worries. Investor's Business Daily // Investors Business Daily;6/1/2015, pA01 

    8 In an interview with German media, IMF chief Christine Lagarde appeared to acknowledge the potential for a Greek exit from the eurozone, as talks between Athens and creditors drag on with no deal in sight. Another payment to the IMF is due June 5, and the bailout pact expires June 30. ECB data...

  • Deposits keep fleeing Greece. Investor's Business Daily // Investors Business Daily;2/28/2012, pA02 

    Private-sector deposits fell nearly 3% in Jan. to less than 175 bil euros, the lowest since Nov. '06, the ECB said. Bank deposits are 28% below their Dec. '09 peak, as businesses and consumers shield themselves from risks that Greece may exit the euro or that the banking sector collapses....

  • Adios, Euro.  // Moderate Voice;5/14/2012, p1 

    The article offers forecasts from American economist Paul Krugman regarding the European economy in 2012 and beyond. It states that Greek euro will exit, possibly in June 2012. It predicts that big draws on European Central Bank (ECB) credit will keep the banking industry from collapsing....

  • Greek Banks' Haircut Rules A Key Measure of Contagion. Chenne, Janet Du // Global Custodian News;Jul2015, p1 

    The article focuses on the exit of Greek Banks from the Eurozone with respect to the political crisis of Greece. Topics discussed inc;lude handling liquidity issues in Europe by collateral management of European Central Bank (ECB), a survey by cross-border securities transactions service...

  • Dollar-Euro Disparity Widens. Investor's Business Daily // Investors Business Daily;3/11/2015, pA01 

    2 The dollar rose to a nearly 12-year high against the euro as fears revived over a Greek eurozone exit. A strong currency will keep pressuring profit for multinationals, and divergent interest rate and monetary policies are driving volatility. So stocks swooned as analysts said the Fed may...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics