Tag: Eurozone

Euro edges down in Asia trade

The euro edged down in Asian trade on Tuesday as markets largely shrugged off a eurozone finance ministers’ deal to bail out debt-riddled Spain....

German business backs Merkel’s euro strategy: poll

Nearly nine out of 10 top managers in Germany support Chancellor Angela Merkel's strategy for tackling the eurozone debt crisis, according to a new...

EU finance ministers play up aid for Spain, press ahead

Eurozone finance ministers claimed new progress in fighting the debt crisis on Tuesday, saying measures agreed to help Spain and its stricken banks put...

Greece looks to easier rescue terms, eurozone gloom returns

The new Greek government presents a strategy to salvage its debt rescue programme on Friday, to win favour with EU-IMF auditors and gain room...

Eurozone retail sales rebound

Eurozone retail sales rebounded in May, rising by 0.6 percent from the level in April, when they had declined by 1.4 percent, European Union...

EU oil embargo on Iran comes into effect

A European Union embargo on Iranian oil went into effect on Sunday, provoking anger in Tehran which says the measure will hurt talks with...

Nein! Non! No…Maybe… Okay, yes!

Newspapers in Spain, Italy and France on Saturday toasted the triumph of their leaders - Mario Monti, Mariano Rajoy and Francois Hollande - in...

Eurozone bank recapitalisation deal a ‘good result’: Draghi

European Central Bank chief Mario Draghi on Friday hailed as "a good result" a deal to recapitalise troubled eurozone banks via the forthcoming European...

Asian markets, euro jump on eurozone deals

Asian markets and the euro surged Friday after EU leaders agreed on a $150-billion growth pact to shore up the eurozone, and opened the door...

Nein!

Germany is opposed to the eurozone's bailout funds helping banks directly as long as financial sector supervision is carried out at national level, a...

Eurozone finance ministers head for Paris

The finance ministers of Germany, France, Italy and Spain will meet in Paris for talks on Tuesday evening, ahead of a crucial European Union...

Euro weakens in Asian trade

The euro weakened in Asian trade on Wednesday as worries about the eurozone continued to weigh while traders looked to a US Federal Reserve...

Having second thoughts, are we?

India may not be called upon to give $10 billion ( Rs. 55,000 crore) it has committed to the IMF for bailing out debt-wrecked...

China, emerging powers pump up IMF firewall

Led by China, emerging economies pledged huge sums to the International Monetary Fund's global firewall Monday, helping it raise $456 billion in resources as...

Eurobonds are ‘totally wrong method,’ Swedish PM says

Swedish Prime Minister Fredrik Reinfeldt repeated on Monday his opposition to so-called eurobonds, insisting it was the wrong way to go in fighting the...

A global perfect storm

Dark, lowering financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, China, and elsewhere. Indeed, the...

Bank of Japan holds off fresh easing measures

Japan's central bank on Friday held off fresh easing measures, despite mounting pressure to act amid growing fears that eurozone turmoil will damage a...