German Court Approves European Bailout Fund

By: Wednesday September 12, 2012 8:00 am

A German constitutional court has allowed the new European bailout fund, the European Stability Mechanism (ESM), to go forward, with only one condition that appears surmountable.

 

Eurozone Releases Formal Agreement

By: Friday December 9, 2011 5:05 pm

The 17 countries of the Eurozone formally backed a new deal for fiscal management, one designed to “save the euro” but which can only help if a host of other measures fall into place, including any plan to actually boost growth on the southern periphery.

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