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 [...]
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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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Many would agree that 2011 has been an extremely eventful year, particularly in financial and political terms. This article gives a brief review of some of the key incidents of the year, many of which had links to the financial world. With regards to economy and business, serious economic problems continued in Europe and America, [...]
Posted in Featured Post, Info, LifeStyle Tags: 2011 news, article, british tabloid the news of the world, Business, devastating earthquake, east african famine, Economy, events of 2011, greece, Italian economy, japanese tsunami and earthquake, Key, life, lifestyle, news stories of 2011, phone hacking, shocking revelations, UK riots, us economy, Year No Comments »
Today’s economic news has included revised growth figures for the US and UK economies being released, and news of austerity measures being passed in Italy. In America, the economy grew at a slower rate than formerly believed during the three months up to September’s end. Updated figures, released by the US Commerce Department, reveal that [...]
Eurozone banks have raced to take out cheap three-year loans which the European Central Bank (ECB) is offering, borrowing around 489bn euros in the process. The bank had initially aimed to lend 450bn euros to prevent another credit crunch from devastating Europe’s banking system. More than 500 banks have borrowed from the new scheme. Other [...]
Posted in Economy, Featured Post Tags: borrowing, business sentiment, credit crunch, ECB, ecb loans, Economy, eu, eurozone, eurozone news, Italian economy, loans, mariano rajoy, news, Week 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 »
The new Italian government has adopted a new package of austerity measures, which have the aim of preventing bankruptcy for the country, and saving the eurozone’s single currency from collapse. The austerity initiatives were agreed upon at a recent cabinet meeting, which had to be held 24 hours ahead of the time it was originally [...]
Posted in Economy, Featured Post Tags: aim, austerity measures, Economy, euro, eurozone, eurozone debt crisis, Government, Italian economy, mario monti, mr monti, time No Comments »
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 »
Markets throughout the globe suffered falls yesterday due to concerns over worldwide debt. This comes after debt fears continued in both the eurozone, and the United States. The Dow Jones index in the US closed down by 2.1%, while stock markets in Europe, including those of the two largest eurozone economies France and Germany, declined [...]
Italy will need a bail out so large that it will be an amount ten times more than the country’s current gold holdings. The latest value of the nation’s gold reserves comes from October data from the World Gold Council. Italy has a holding of 2,451.8 tonnes – the third highest holding out of all [...]
Mario Monti, an ex-EU commissioner and respected economist, has been asked to put together a new government in Italy, to try and fight the debt crisis which led to the resignation of former-PM Silvio Berlusconi. Monti’s nomination for the role was backed by most parties, including Mr Berlusconi’s. Leaders of the EU meanwhile have hailed [...]
Posted in Economy, Featured Post Tags: Appoint, austerity, austerity measures, Economy, eurozone, eurozone debt crisis, eurozone news, ex, Italian economy, italy, mario monti, mr monti, parliament, silvio berlusconi No Comments »
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