Paul Taylor

Analysis – Euro zone crisis reaches France, turns existential

By Paul Taylor
August 12, 2011

PARIS (Reuters) – It was the week the euro zone debt crisis reached France, one of the twin pillars of the European currency alongside Germany.

Euro zone crisis reaches France, turns existential

By Paul Taylor
August 12, 2011

PARIS (Reuters) – It was the week the euro zone debt crisis reached France, one of the twin pillars of the European currency alongside Germany.

Euro zone parliaments seen approving rescue fund powers

By Paul Taylor
August 9, 2011

PARIS, Aug 9 (Reuters) – The euro zone’s financial rescue
fund seems set to win parliamentary approval by mid-October for
expanded powers to help member states in difficulty despite
mounting hostility in northern Europe towards further bailouts.

ECB backs Italy, Spain as policymakers pledge action

By Paul Taylor
August 8, 2011

SYDNEY/PARIS, Aug 8 (Reuters) – The European Central Bank
stepped into bond markets on Monday, backing up a pledge to
support Spain and Italy with the aim of averting financial
meltdown in the euro zone, while the G7 and G20 offered soothing
words to investors shaken by a historic downgrade of the U.S.
debt rating.

Investor fear drowns out ECB, G7 pledges

By Paul Taylor
August 8, 2011

SYDNEY/PARIS, Aug 8 (Reuters) – The European Central Bank
stepped into bond markets on Monday, backing up a pledge to
support Spain and Italy with the aim of averting financial
meltdown in the euro zone, while the G7 and G20 offered soothing
words to investors shaken by a historic downgrade of the U.S.
debt rating.

Analysis: ECB fumbles between fire hose and sprinkler

By Paul Taylor
August 8, 2011

PARIS (Reuters) – The European Central Bank waved its big fire hose at blazing bond markets, then turned on a puny sprinkler.

G7 gives first sign ready to battle crisis

By Paul Taylor
August 8, 2011

FRANKFURT/PARIS (Reuters) – Political and financial leaders gave their first sign of readiness to battle a debt crisis gone global when the European Central Bank signaled on Sunday it would start buying Italian and Spanish debt, a critical move to quell a bond rout that has rocked financial markets.

ECB to buy Italian, Spanish bonds to stop contagion

By Paul Taylor
August 7, 2011

BERLIN/PARIS (Reuters) – The European Central Bank will intervene decisively on markets to protect Italy and Spain from an accelerating debt crisis, a monetary source said on Sunday, indicating it would buy government bonds of the euro zone’s third and fourth biggest economies.

RPT_WRAPUP 6-ECB eyes decision on Italy bond buys to ease debt

By Paul Taylor
August 7, 2011

FRANKFURT/PARIS, Aug 7 (Reuters) – The European Central
Bank faced a decision on Sunday whether to buy Italian bonds to
try to prevent the euro zone debt crisis from widening, while
global policymakers conferred on the twin financial crises in
Europe and the United States.

ECB eyes decision on Italy bond purchase to ease debt

By Paul Taylor
August 7, 2011

FRANKFURT/PARIS (Reuters) – The European Central Bank will decide on Sunday evening whether to buy Italian government bonds to try to speed up cuts in euro zone debt, ECB sources said as global leaders conferred by phone on the twin financial crises in Europe and the United States.