Euro in crisis

In-depth news, commentary and analysis of the eurozone’s debt crisis and its faltering recovery as it struggles with austerity and attempts to regain competitiveness

From COMPANIES Jun 13, 2013

Dublin to delay bank tests until 2014

“Backstop” sought in case return to markets is derailed

Interactive

Eurozone crisis interactive
Key moments in the eurozone crisis and a breakdown of bailout spending so far
Joerg Asmussen (R), member of the Executive Board of the European Central Bank (ECB), and Jens Weidmann (L), President of the German Central Bank Bundesbank, wait for the beginning of hearings on the ECB's controversial OMT bond purchase programme at the German Constitutional Court in Karlsruhe, southern Germany, on June 11, 2013. Germany's highest tribunal, the Constitutional Court, began the first of two days of hearings on whether the European Central Bank's programme to buy up sovereign debt of struggling eurozone countries is compatible with Germany's Basic Law ©AFP From WORLD Jun 12, 2013

ECB warns against debate on its mandate

Bundesbank chief tells court he would welcome clarification

From MARKETS Jun 12, 2013

Will EU’s debt monster stay in its cage?

Sovereign debt crisis appears to have slipped off investors’ radar, provoking fears of complacency

Jens Weidmann, Deutsche Bundesbank president ©Bloomberg From WORLD Jun 11, 2013

German heavyweights clash over euro plan

Buba’s Weidmann and ECB’s Asmussen at odds over bond buying

Members of the Second Senate at Germany's Constitutional court arrive for hearings ©AFP From WORLD Jun 11, 2013

Drama grips court and gnaws at psyche

German jurists try to assess potential risks to taxpayers

Wolfgang Munchau from COMMENT Jun 16, 2013

Bond jitters threaten Europe’s calm

There is quite a bit of bad news still to come out of the eurozone itself

From COMMENT Jun 5, 2013

France should copy Germany’s reforms

Europe needs to be united in a globalised political world, writes Gerhard Schröder

Philip Stephens from COMMENT May 30, 2013

A race between growth and populism

The threat to the euro now comes from populists seeking to overturn the liberal order

Global Insight from GLOBAL ECONOMY May 30, 2013

Europe will balk at economic medicine

Brussels must show it is not afraid to bite as well as bark at governments

Wolfgang Munchau from COMMENT May 27, 2013

EU’s future looks Japanese, not German

The process to resolve the crisis will take many years to complete

From GLOBAL ECONOMY Jun 11, 2013

Q&A: Why is a German court probing the ECB?

Germans worried the bond-buying could cost its taxpayers

From MARKETS Jun 10, 2013

Eurozone banks retreat behind borders

Cross-border holdings of sovereign and corporate debt tumble

From MARKETS Jun 10, 2013

Euro banks cut cross-border debt holdings

Financial turmoil sees eurozone bond market ‘re-domestication’

From WORLD Jun 9, 2013

Monetary heavyweights to clash in court

Asmussen to take on Weidmann in German hearing over ECB pledge

From WORLD Jun 6, 2013

ECB action calmed markets, Draghi says

Outright monetary transactions defended as legal action looms

From GLOBAL ECONOMY Jun 10, 2013

Latvia set to join eurozone next year

Green light from Brussels for 18th bloc member

From WORLD Jun 3, 2013

Brussels to recommend Latvia joins euro

Officials see move as a chance to tout single currency

From GLOBAL ECONOMY Jun 3, 2013

ECB shuns ‘big bazooka’ to boost lending

Review focuses on blockage in bank balance sheets

From WORLD Jun 3, 2013

Brussels bank plans clash with Berlin

Commission proposes giving itself powers to wind up lenders

From WORLD Jun 3, 2013

Germany seals €1bn SME loan deal for Spain

Lending plan criticised for being a form of mutualised debt

From GLOBAL ECONOMY Jun 3, 2013

Eurozone manufacturing downturn eases

Slowest pace in activity contraction since February 2012

From GLOBAL ECONOMY May 31, 2013

Franco-German challenge to bank plan

Greater fiscal control supported but more national leeway urged

From GLOBAL ECONOMY May 31, 2013

Eurozone unemployment hits another record

Lower inflation likely to reduce pressure on ECB to act

From WORLD May 30, 2013

Merkel allies accuse Hollande of shaking EU

German anger as leaders meet in push to repair relations

From GLOBAL ECONOMY May 30, 2013

Glimmer of hope for European economies

Eurozone confidence improves and Swiss GDP outperforms

From GLOBAL ECONOMY May 29, 2013

EU economies win budget deficit reprieve

Bloc warns of weakening support for reforms

From GLOBAL ECONOMY May 29, 2013

OECD cuts growth forecasts on eurozone

Group expects global growth of 3.1 per cent in 2013

From GLOBAL ECONOMY May 28, 2013

EU ‘sacrificial lamb’ faces budget fines

Belgium risks falling foul of Brussels fiscal rules