Saturday
February 9, 2013
Results for: zone

  • 29/06/2012 | World

    German parliament approves EU bailout fund

    Germany's parliament resoundingly approved the euro zone's permanent bailout scheme and new budget rules, but legal hurdles remain and Chancellor Angela Merkel's concessions to euro zone partners Italy and Spain may make those harder to overcome.

  • 16/12/2011 | World

    Fitch warns may downgrade six euro zone nations

    Fitch Ratings warned it may downgrade Belgium, Italy, and four other euro zone countries in the absence of a "comprehensive solution" to the region's debt crisis.

  • 20/02/2012 | World

    Second Greek bailout in reach, funding gap narrows

    Euro zone finance ministers, locked in marathon overnight talks, inched towards approving a second bailout for debt-laden Greece that would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy.

  • 21/05/2012 | World

    Euro area bonds to be discussed at informal EU summit

    French President Francois Hollande and like-minded euro zone leaders are expected to promote the idea of mutualised European debt at an informal summit in Brussels this week, increasing pressure on German Chancellor Angela Merkel to drop her opposition to the proposal.

  • 30/11/2011 | World

    Top Central banks act as euro zone crisis rages

    The world's major central banks acted jointly on Wednesday to provide cheaper dollar liquidity to starved European banks facing a credit crunch as the euro zone's sovereign debt crisis threatened to bring financial disaster.

  • 02/12/2011 | World

    Merkel says debt crisis will take years to solve

    German Chancellor Angela Merkel called for rapid EU treaty change to remedy the root causes of the euro zone's debt crisis but warned that Europeans faced a long, hard "marathon" to restore lost credibility.

  • 06/12/2011 | World

    S&P says euro zone bailout fund could be downgraded

    Standard & Poor's said today it is considering downgrading the European Financial Stability Facility, the euro zone's bailout fund that is financed by member governments, after saying it could downgrade the majority of euro zone nations.

  • 13/03/2011 | World

    Euro zone ministers set detail of new rescue fund

    Euro zone finance ministers will discuss the details of how to strengthen Europe's financial safety net, after their leaders decided on Friday the emergency fund should have more firepower and flexibility.

  • 12/08/2011 | World

    Greek recession slows in Q2 but austerity hurting

    Greece's severe recession slowed in the second quarter, data showed today, but economists said recessionary pressures would worsen in the second half as new austerity measures bite, jeopardising Athens' ability to meet EU/IMF fiscal targets.

  • 26/10/2011 | World

    Euro zone aims to leverage EFSF 'several fold', draft statement says

    The euro zone aims to leverage its 440 billion euro bailout fund, the EFSF, "several fold" but finance ministers will only agree the details of how that will be done in November, according to a draft statement to be issued after a summit today.


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