The EU (European Union) is “on the right track” to resolve its ongoing debt crisis, according to Wolfgang Schaeuble, the German Finance Minister. His comments came following talks last week with the Prime Minister of Italy Mario Monti. Schaeuble also stated that Berlin and Rome were “working together”, while he praised the reforms introduced so [...]
Posted in Economy, Featured Post 
Tags: debt, Economy, EU news, eurozone, eurozone debt crisis, Finance, german finance minister, greek economy, Italian economy, leader, mario monti, mr monti 
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Markets remained nervy during today’s trading, as the wait for a debt deal in the troubled nation of Greece goes on. Gold investors have been notably nervous because of the fact that Greece is still trying to secure a second financial bailout. Gold for April delivery closed down by $17.10 at the end of Wednesday [...]
Posted in Featured Post, Gold Bullion Tags: austerity measures, Deal, debt, Finance, financial bailout, Gold, greece, greek economy, investors, mining, personal finance, us dollar index No Comments »
The US ratings agency Fitch has cut the credit ratings of five eurozone countries, including the highly troubled nations of Italy and Spain. The agency cited financial weakness during the eurozone debt crisis as the reason. Italy has been downgraded by two notches by Fitch to A- from A+, and Spain has also seen its [...]
Posted in Economy, Featured Post Tags: agency, debt, economic ties, eurozone countries, financial weakness, fitch No Comments »
The leaders of Germany and France have stated that the EU is in need of a new treaty, in order to deal with the ongoing debt crisis in the eurozone. They said on Monday that eurozone nations should have to face more in depth checks on both their budgets and sanctions, if they run up [...]
Posted in Economy, Featured Post Tags: angela merkel, announcement, chancellor angela merkel, countries in the euro, debt, Economy, eu, euro, eurozone, eurozone debt crisis, french president nicolas sarkozy, Italian economy, Monday, new treaty, nicolas sarkozy, president nicolas sarkozy, S&P, Standard & Poor's, Watch No Comments »
Stock markets on both sides of the Atlantic have seen increases again at the end of this week, after enjoying a considerably successful 7 days, which saw many stocks perform better than expected. Stocks in America had their most successful week for around two years, as they rose by 7%. The leading indexes of the [...]
Posted in Economy, Featured Post Tags: angela merkel, chancellor of germany, debt, Economy, End, eurozone, eurozone debt crisis, Finance, investors, stock markets, Week, worldwide stock markets No Comments »
The ratings agency Moody’s (Public, NYSE:MCO) has reduced its rating of Hungarian government debt to junk status. The agency put the move down to Hungary’s high debt levels and poor growth prospects, along with doubt over whether its government can hit its economic targets. Moody’s lowered the nation’s debt by one notch, putting it down [...]
Ireland has been described as the “role model” for the other nations in the eurozone who have needed bailouts, by Juergen Stark, one of the board members of the ECB (European Central Bank). Dr Stark singled out the austerity measures used in Ireland for special praise at a recent event in Dublin, where he addressed [...]
The ratings agency Standard & Poor’s (Public, NYSE:MHP) has downgraded the credit rating of Belgium. The rating downgrade may make it more expensive for the eurozone nation to borrow funds in future years. The country’s credit rating was reduced by the one notch, moving down from AA+ to AA. Standard & Poor’s have stated that [...]
Posted in Economy, Featured Post Tags: auction, bank of italy, belgian economy, belgium, belgium's economy, cost of borrowing, debt, debt crisis, eurozone, eurozone debt crisis, Italian economy, italy, italy's cost of borrowing, italy's debt crisis, market pressures, rate, Rating, Standard, treasury bills No Comments »
The Popular Party (PP) has achieved a resounding victory in the recent parliamentary election in Spain. The elections were dominated by the nation’s deep, ongoing debt crisis. With the best part of votes in the election already counted, the centre-right Popular Party, who are headed by Mariano Rajoy, are certain of getting a clear majority [...]
China’s export growth slowed down further during the month of October this year, according to the latest economic figures for the nation. Demand for the country’s goods has been dented – this is largely down to the debt crisis hitting the eurozone, as well as worries of a slowdown in the USA. Shipments from China [...]
Posted in Economy, Featured Post Tags: Auto, China, debt, Draft, economic figures, economies of countries, Growth, growth concerns, October, Slows No Comments »
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