Europe’s debt crisis continued to roil markets overnight, with Italian bond yields surging through the critical 7% level overnight, as European officials mulled over the possibility of a radical reshaping of the eurozone.
Angela Merkel
Guy Rundle: Even Izzy Dye can run Greece as long as there’s a vote
Greece, the eurozone, the EU and the G20 were in crisis yesterday, as Greek Prime Minister George Papandreou lost the support of his deputy PM, five members of his cabinet, and several Pasok MPs, leaving the entire country, and the continent, in a state of disarray.
Greek PM’s gamble: say yes or 8 billion euros down the toilet
The hardball has started on Greece, with the IMF and European leaders letting it be known that the 8 billion euros due to be paid to Greece in about 10 days won’t be paid without a “yes” vote in Prime Minister Papandreou’s referendum.
Eurozone’s Halloween treat: a confection of silver linings and hot air
The markets have seized on the latest European deal with relief. But it’s another confection, and a humiliating one at that, write Glenn Dyer and Bernard Keane.
Markets soar after euro debt deal
Crikey media wrap: After 10 hours of negotiations, European leaders finally agreed on a bailout plan to cope with the eurozone debt crisis. The news was enough to rally world markets.
Maley: no more Italian dolce vita
As European leaders gathered in Brussels overnight in yet another attempt to stem the region’s worsening debt crisis, attention was focused on the key role that two Italians are now playing.
Guy Rundle: Europe and how a colony on the moon can save it
Europe is on the brink — and it’s a measure of how fast-moving the crisis is that I must add the phrase “at time of writing”.
Maley: the EU debt clock ticks down
With time fast running out, German chancellor Angela Merkel and French president Nicolas Sarkozy again held emergency talks overnight in an attempt to settle their differences before Sunday’s crucial summit of European political chiefs.
Kohler: surrounded by Europe’s standing armies
Thomas Jefferson definitely got it right 200 years ago when he warned that banks are more dangerous than standing armies.
Maley: doubt on Merkel’s recapitalisation plans
Those hoping last week’s rally will carry through into this week will be somewhat disappointed that plans for a massive recapitalisation of the fragile European banking sector remain extremely hazy, writes Karen Maley.
Guy Rundle: Greece should leave the EU and turn Europe on its ear
Monetary union, that most unlikely of thrills, took Europe for another hair-raising ride, with the German parliament voting 523-85 in favour of the terms of another rescue package for beleaguered Greece
Media briefs: Daily Mail caught the lift … Age’s Cut/Copy paste …
In today’s Media Briefs: Daily Mail caught out stealing … Israel releases Palestinian Al Jazeera journalist … ABC crew remembered in documentary and more …
Maley: the whole market in their hands
European sharemarkets again staged a euphoric rally overnight, on hopes that European politicians will soon unveil dramatic plans for dealing with the region’s raging debt crisis, writes Karen Maley.
Maley: a frenzy of blind market optimism
Financial markets were swept up in a frenzy of optimism overnight, as rumours swirled that the eurozone was preparing to radically boost the powers of its bailout fund, writes Karen Maley of Business Spectator.
Ahoy, me hearties, as Berlin welcomes the Pirates
Last weekend, pirates entered the parliament in the German city-state of Berlin. The Pirate Party, that is, writes Kate Davison, a freelance journalist in Berlin.
Political snippets: Going early should suit Andrew Wilkie
The independent member for Denison is not man to joke
Maley: a Greek default in the frame
German Chancellor Angela Merkel tried to calm markets by dismissing speculation about an imminent Greek debt default, writes Karen Maley, of Business Spectator
Global markets face a testing week
Next week has several trip points that could affect global markets, with one, next Wednesday night in Germany, capable of sending the global economy and markets into a swoon.
Denniss: my tactics for debating Monckton
Only the media can explain why they have given so much attention to extreme and ill-informed views about climate change and choose not to give a similar platform to a range of other conspiracy theorists, writes Dr Richard Denniss.
Maley: staring down Europe’s debt divide
The eurozone again found itself in crisis overnight, as investors despaired that a solution for the roiling Greek debt crisis would be found at this week’s emergency meeting of European political leaders, writes Karen Maley.
Italy on slide, Berlusconi quiet as he gets his bottom (line) pinched
Italy’s worst fears may now have been realised. After turbulent trading late last week, Italy’s financial markets slumped again on Monday, writes Josephine McKenna in Rome.
Rundle: shepherds, portents and Europe face-to-face in Athens
Weeks after it began, the world’s press has started to pay attention to the real story in Greece — the continued refusal of the people of Greece to accept the conditions going with it.
Why you shouldn’t underestimate Merkel
She’s been dubbed the world’s most powerful woman. German Chancellor Angela Merkel has held on to power despite global economy crashes and a euro crisis. Joshua Hammer explains how she does it.
Governments back away from nuclear projects after Japan crisis
This week two reactors planned for Texas and four in Italy have been shelved or cancelled in what is the most dramatic fallout so far for the industry outside of Japan’s Fukushima disaster.
