The euro crisis: It sounds like an arcane finance story. But as Germany sets the tone and the rules, the crisis has great meaning for Europe's future.
March 16, 2012
March 15, 2012
UK unemployment rises by 28,000 to 2.67m, ONS reports
UK unemployment rose by 28,000 to 2.67 million during the three months to January, with the unemployment rate at 8.4%, according to figures from the Office for National Statistics (ONS).
March 14, 2012
EU bars Hungary's 2013 aid funds, may reconsider in June
BRUSSELS/BUDAPEST (Reuters) - EU finance ministers suspended on Tuesday Hungary's access to half a billion euros in aid from next year for failing to keep its budget in check, but told Budapest it could escape the sanctions if it takes remedial fiscal action by June.
March 13, 2012
After Greek Default, Spain And Portugal Pose Major Risk
Markets have begun digesting Greece’s managed default, with the Hellenic Republic’s new bonds trading at distressed levels.
March 11, 2012
Greece Deal Triggers $3B in Default Swaps: ISDA
A committee of credit-default swaps traders will expedite an auction to settle about $3 billion of contracts tied to Greece after the nation took steps to force investors to participate in the biggest sovereign-debt restructuring in history.
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