For Greece, a Bailout; for Europe, Perhaps Just an Illusion
European officials want to avoid similar measures for other countries. Last year, after European officials suggested debt restructurings might be employed beyond Greece, the region’s government bonds plunged in price. The market reaction prompted officials to remove debt haircuts from the crisis management toolbox — at least for now.
Instead, European officials have introduced a range of measures over the last year that may buy more time for struggling countries. The European Union is setting up large pools of money to make emergency loans. And the region’s leaders have agreed to move toward more coordinated fiscal policies, which may pave the way for richer countries to transfer funds to poorer ones.
In perhaps the boldest move, the European Central Bank lent $620 billion to the region’s banks in December. The cheap money, which the central bank will dole out again later this month, has provided an essential lifeline to the region’s financial firms and prevented a bank run in Europe.
In a recent phone interview, she shared her thoughts on the writing process, what young designers need to know, and her favorite haircut. You've had so much experience in fashion and design. What inspired you to write a book now?
Everything this year from sorbet colored skinny jeans to pastel wedges are displayed in every store window. “We're seeing a lot of cobalt blues,” said Kimberly Peevy, manager of Private Gallery. “We're also seeing coral pieces, mints, blushes and a lot
Jose Reyes getting a haircut on national television. Both hands covering the eyes? Derek Holland pinch-hitting as a weatherman on television in Texas. For the love of Boog Powell, before the Orioles provoke another international incident, can pitchers
Many fear that policy makers simply don't have the right tools to deal with other troubled countries like Italy, Spain, Ireland and Portugal, a situation that could weigh on the markets and the broader economy. “I don't want to be a Cassandra,
