European Stocks Rise on Spanish, French Budget Plans
European stocks rose, with the equity benchmark heading for its biggest quarterly gain in three years, on…
Browsing Tag
euro zone debt crisis
EU Approves Aid For Spain, Italy
Under pressure to prevent a catastrophic breakup of their single currency, euro zone leaders agreed on Friday to…
Angel Merkel Still Resists Euro-Area Debt Sharing
Chancellor Angela Merkel hardened her resistance to euro-area debt sharing to resolve the region’s financial…
Bundesbank Opposes ECB’s Bailout Plan
The Bundesbank (German central bank) opposition to the European Central Bank’s plan to help ailing financial…
4 European Countries Agree On €130 Bln Package To Boost Growth
German Chancellor Angela Merkel resisted pressure for common euro zone bonds or a more flexible use of Europe's…
Spain Pays “Unreasonable” Interest Rates: PM Mariano Rajoy
Prime Minister Mariano Rajoy today said Spain is paying “unreasonable” interest rates because of the country’s high…
Moody’s Lowers Rating On Banks In Four European Countries
The international ratings agency Moody’s cut its debt ratings for banks in France, Belgium, Luxembourg and the…
Euro Stocks Rise On Central Banks’ Stimulus Speculation
European (SXXP) stocks rose on speculation central banks will take steps to stimulate the global economy and…
Major Central Banks Prepare For Potential Turmoil On Greek Upcoming Poll
Central banks from major economies stand ready to take steps, including coordinated action, to stabilize markets as…
Dispute Arises Over Spain’s Banking Bailout
Spanish Prime Minister Mariano Rajoy on Wednesday defended the country's request for EUR100 billion ($125 billion)…
IMF: UAE May Face Risks From Euro Crisis
The United Arab Emirates and other Gulf countries could face major financial repercussions if the euro…
Spain Requests $125 Bln Bailout
Spain became the fourth euro member to seek a bailout since the start of the region’s debt crisis more than two…
Spanish Banks May Receive Aid On IMF’s Recommendations
Spain may today move closer to becoming the fourth euro-area nation to receive aid, as the International Monetary…
Italian Bank’s Borrowing From ECB Registers New Record In May
Italian banks’ borrowings from the European Central Bank rose to a third straight monthly record in May as concerns…
Portugal’s BPI Bank Asks For 1.3 Bln Aid
The Portuguese bank BPI has reportedly asked for 1.3 billion euros in public aid to comply with the principles laid…
Chinese Central Bank Chief Affirms Support For Euro Zone
China's central bank chief said the country will continue to invest in euro zone government debt and other assets…
Pressure Increased On Merkel To Support Joint Debt Sharing
Spanish Prime Minister Mariano Rajoy ratcheted up pressure on German Chancellor Angela Merkel to back new ideas for…
Mauritius’ Central Bank Advises Banks To Reduce Exposure To Euro Zone
Mauritius’ central bank advised domestic lenders to minimize their exposure to the euro zone as the currency slumps…
UAE’s Banks Not To Be Affected By Global Financial Crisis: Central Bank
The UAE's banks won’t be adversely impacted by the turmoil roiling international markets, the country’s central…
German Merkel Rejects Joint Debt Sharing
German Chancellor Angela Merkel hardened her opposition to joint debt sharing in the euro region as President…
Spain Calls For A New Fiscal Authority
Spain on Saturday proposed the set up of a new fiscal authority in the euro zone which would control and harmonize…
EU Banks Need Credible Refunding Mechanism: ECB’s Draghi
A credible mechanism is needed for recapitalizing euro zone banks and improving oversight in order to address the…
EU To Form “Banking Union” On Debt Crisis
The European Union should seek to create a ‘banking union' in which lenders face tough, common rules allowing them…
Euro Zone Banks In Need For A Robust Shield
As the euro zone ponders a possible Greek exit, policymakers have not yet built a shield robust enough to prevent a…
Top Greek Banks Received €18 Bln Support
Greece handed 18 billion euros (14.39 billion pounds) to its four biggest banks on Monday, the finance ministry…
Spain’s Banks In No Need For International Bailout: Mariano Rajoy
Spain's prime minister has insisted his country will not need an international rescue for its banks as investors…
Euro Crisis Cuts Growth In Africa: AfDB
Europe’s crisis is undermining growth in Africa at a time when governments in the world’s poorest continent are…
Spain’s Bankia May Be Recapitalized By Govt. Bonds
Spain may recapitalize Bankia (BKIA.MC) with Spanish government bonds in return for shares in the bank which last…
Demand On Sukuk Rises Despite Greek Exit Fears
While the Euro zone crisis has been weighing on investors' sentiment and on global economic prospects, the issuance…
Spain’s Bankia Says It Will Be On Solid Ground After Bailout
The president of troubled Bankia tried yesterday to calm fears about the future of the bank, saying Spain's second…
IMF Chief calls on Greeks to ‘Help them by Paying Taxes’
International Monetary Fund (IMF) chief Christine Lagarde says that all austerity-hit Greeks should help to improve…
Greek Exit From Euro Will Cause Contagion: Investors
Europe’s banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of…
Italy’s Monti Suggests Bank Guarantee Plan
Italian Prime Minister Mario Monti took a plan to create a European system to guarantee bank deposits to the G8…
Europe Shall Bailout Spain’s Banks: Hollande
French President Francois Hollande said on Friday Spain's banks should be recapitalized by Europe's bailout funds…
U.S. & Japan Debt Levels Are Worrying More Than Euro Zone: IMF
U.S. and Japanese debt levels are as bad or worse than in the euro zone, IMF chief economist Olivier Blanchard…
Nikkei Falls On European Politics, Euro Zone Crisis
Japan's Nikkei share average fell on Tuesday, weighed down by falling Asian indexes as political flux in Europe…
IMF Expects EU Banks Deleveraging By $2.6 Trillion
A drastic contraction of European bank balance sheets during the next 18 months could jeopardize financial…
IMF Moves Toward Deal On Raising Funds
The International Monetary Fund appeared to be moving toward a deal on increasing its financial firepower on…
Japan Pledges $60 Bln To IMF
Japan vowed it will provide $60 billion in loans to the International Monetary Fund, the first non-European nation…