Euro Zone Crisis
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Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
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Greece Likely to Meet Deadline for Bank Money Release: Euro Zone Officials
Greece is likely to qualify for recapitalisation funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then, euro zone officials said on Friday.
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Greece Faces Tough Conditions Under Deal With Euro Zone
Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
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#ThisIsACoup Trends on Twitter as Eurozone Agrees Tough Greece Deal
A bailout proposal euro zone countries hammered out for Greece has sparked a trending Twitter hashtag, #ThisIsACoup, for containing harsh terms seen as stripping Athens of its fiscal sovereignty.
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Greek 'Compromise' Proposed After Alexis Tsipras, Francois Hollande and Angela Merkel Talks
The leaders of Greece, Germany, France and the EU proposed a "compromise" on a bailout deal for Athens at late-night talks which will now be put to the rest of the euro zone, a European source told AFP early today.
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Greece Ducks Friday Deadline by Bundling IMF Payments
Greece bought time in debt crisis negotiations with official creditors Thursday when it moved to bundle four looming International Monetary Fund (IMF) loan payments into one, to be paid by the end of June.
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Exchange of Documents With Greece a 'Good Sign': European Union
The EU hailed as a positive step Tuesday the exchange of documents between Greece and its international creditors, as Greece said it had submitted a reform plan to win vital bailout cash.
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European Union finds time to tell restaurants how to serve olive oil
Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil.
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International Monetary Fund lowers India's growth forecast to 4.9 per cent
China's economic growth is expected to weaken to 7.8 per cent this year, the International Monetary Fund (IMF) said on Tuesday as it warned of risks to emerging Asia if the euro zone crisis worsens and the United States does not avoid its "fiscal cliff".
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Austerity reigns over Euro zone as crisis deepens
Europe's leaders braced their nations for a turbulent year, with their beleaguered economies facing a threat on two fronts: widening deficits that force more borrowing but increasing austerity measures that put growth further out of reach.
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Success and advice cast Germany as villain in Europe
Throughout the crisis in the euro zone, as governments have fallen, debt burdens have mounted and economies have stagnated or shrunk, Germany has floated above the fray. While its economy has hummed along nicely, its leaders have steadfastly insisted that the path to redemption for the debtors lies in austerity and suffering.
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Dow drops more than 400 points as fears return on banks and economy
Stocks on Wall Street declined steeply on Thursday, with the broader market shaving off more than 4 percent, amid heightened concerns over the impact of the euro zone debt crisis sweeping through the financial sector and over the wavering United States economy.
-
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
-
Greece Likely to Meet Deadline for Bank Money Release: Euro Zone Officials
Greece is likely to qualify for recapitalisation funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then, euro zone officials said on Friday.
-
Greece Faces Tough Conditions Under Deal With Euro Zone
Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
-
#ThisIsACoup Trends on Twitter as Eurozone Agrees Tough Greece Deal
A bailout proposal euro zone countries hammered out for Greece has sparked a trending Twitter hashtag, #ThisIsACoup, for containing harsh terms seen as stripping Athens of its fiscal sovereignty.
-
Greek 'Compromise' Proposed After Alexis Tsipras, Francois Hollande and Angela Merkel Talks
The leaders of Greece, Germany, France and the EU proposed a "compromise" on a bailout deal for Athens at late-night talks which will now be put to the rest of the euro zone, a European source told AFP early today.
-
Greece Ducks Friday Deadline by Bundling IMF Payments
Greece bought time in debt crisis negotiations with official creditors Thursday when it moved to bundle four looming International Monetary Fund (IMF) loan payments into one, to be paid by the end of June.
-
Exchange of Documents With Greece a 'Good Sign': European Union
The EU hailed as a positive step Tuesday the exchange of documents between Greece and its international creditors, as Greece said it had submitted a reform plan to win vital bailout cash.
-
European Union finds time to tell restaurants how to serve olive oil
Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil.
-
International Monetary Fund lowers India's growth forecast to 4.9 per cent
China's economic growth is expected to weaken to 7.8 per cent this year, the International Monetary Fund (IMF) said on Tuesday as it warned of risks to emerging Asia if the euro zone crisis worsens and the United States does not avoid its "fiscal cliff".
-
Austerity reigns over Euro zone as crisis deepens
Europe's leaders braced their nations for a turbulent year, with their beleaguered economies facing a threat on two fronts: widening deficits that force more borrowing but increasing austerity measures that put growth further out of reach.
-
Success and advice cast Germany as villain in Europe
Throughout the crisis in the euro zone, as governments have fallen, debt burdens have mounted and economies have stagnated or shrunk, Germany has floated above the fray. While its economy has hummed along nicely, its leaders have steadfastly insisted that the path to redemption for the debtors lies in austerity and suffering.
-
Dow drops more than 400 points as fears return on banks and economy
Stocks on Wall Street declined steeply on Thursday, with the broader market shaving off more than 4 percent, amid heightened concerns over the impact of the euro zone debt crisis sweeping through the financial sector and over the wavering United States economy.
