The plan to buy up bonds from troubled Eurozone economies creates a firewall for nations like Greece and Italy — expelling Greece may now be less risky.
Inspectors from the troika of the European Commission, European Central Bank and International Monetary Fund are checking up on Greece’s austerity measures.
Marketplace's Stephen Beard says September is going to hold some big questions. Will the European Central Bank put together its rescue plan? Will Greece get its next chunk of money to allow it to stay in the euro?
It's vacation time across Europe, but it's not all sunshine for Greeks. The debt-laden nation has fallen behind in implementing reforms and austerity measures.
This week, all eyes are on Greece. The country's prime minister is meeting with German and French officials. He's expected to officially ask for extension in meeting the country's fiscal targets.
Greece's current government took power in June — since then the world's been waiting for the specific plan to push things forward with Europe. This morning, the Financial Times this morning has a look at the plan Greece's prime minister will bring to the table next week with German and French leaders.
The European Commission, the European Central Bank, and the IMF began meetings in Greece today — they'd like to know what structural reform progress has been made in return for billions in bailout money.
New fears of a Spanish recession despite bailout measures are shaking global markets today as the threat of Greece's economic crisis still looms large in the region.
