A member of the EU Commission has called on Britain to declare whether it intends to remain part of the bloc in the long term. The comments come as part of an ongoing debate over...
The eurozone banks’ lending activities have slowed down even more, with private households and companies facing difficulties to take out loans. ECB counter-measures have so far failed to improve the situation. Bank lending to the...
German Finance Minister Wolfgang Schäuble sees a window of opportunity to push through a deep reform of EU institutions. He thinks Europe’s crisis-fighting efforts have created momentum for changing the EU treaty. Wolfgang Schäuble wants...
A fresh poll has shown that more Germans want Greece to stay in the eurozone than want it to leave. The results of the survey by a public broadcaster indicate a change in sentiment despite...
German companies have posted a surprise increase in exports in August. Fresh statistical data show that sluggish trade with eurozone nations has been comfortably offset by stronger demand outside that bloc. German exports logged a...
Spain’s banks need to be recapitalized to the tune of more than 50 billion euros, according to an independent report released on Friday. As high as this figure may sound, it has led to a...
International lenders are wary of contributing any more to bailing out the Greeks. So are Greece’s rescuers giving up on the country, and getting ready to let it go off on its own? In Greece,...
IMF Chief Christine Lagarde believes Latvia should serve as an inspiration for European leaders struggling to get on top of the debt crisis. She’s praised the Baltic state’s unwavering austerity course. The head of the...
Frankfurt, March 07, 2012 : Ahead of a Thursday deadline for private investors to voluntarily offer Greek bonds in a debt swap that will cut the value of their holdings by more than half created...
Mumbai, February 20, 2012 : It seems Greece is going to get second bailout package in order to avoid default on March 20. Investors appeared increasingly optimistic that European officials would resolve remaining differences and...
26 out of 27 EU member states have backed a tax and budget pact to tackle the eurozone debt crisis. The 17 countries that use the euro have all agreed to the deal. Except UK,...
WORLD MARKET : London – Highlighting its concern of global economic tensions threatening the U.K. recovery, The Bank of England(BoE) decided Thursday to restart its program of asset purchases. BoE’s monetary policy committee voted to...
