January 30, 2012

Greece and the euro

THE banners at the entrance to the Bank of Greece museum in Athens promise a “fascinating journey through Greece’s modern economic and monetary history”.

January 27, 2012

Euro-Zone Crisis Continues To Drive Global Credit Outlook

LONDON -- Fitch Ratings said Thursday that negative rating outlooks on global corporates are rising as an effect of the intensification of the euro-zone crisis in the second half of 2011.

January 26, 2012

Swedish Opposition Rejects EU Pact

STOCKHOLM—Sweden's largest opposition party has come out against signing up to the latest version of the European Union's fiscal pact, suggesting Prime Minister Fredrik Reinfeldt's minority government is facing a struggle if it wants to win enough lawmaker support for the country to join.

January 25, 2012

IMF slashes world growth outlook as euro zone weighs

WASHINGTON — The euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence.

January 24, 2012

Hungary PM backs down, seeks fast aid deal

(Reuters) - Hungarian Prime Minister Viktor Orban gave the first concrete evidence on Friday that he is backing down in a dispute with the European Union, aiming to free up talks on aid needed to prop up its battered financial markets.