MADRID/LONDON: Spain showed on Thursday that it can still access the credit markets at an affordable but rising cost against a backdrop of feverish behind-the-scenes planning for a likely European rescue of its debt-stricken banks.
June 09, 2012
June 08, 2012
Andrew Tyrie urges IMF to lead the fight against the eurozone 'fire', sees Greek exit from euro
The International Monetary Fund must take decisive control of the eurozone crisis or risk a “global economic fire”, Andrew Tyrie, the chairman of the Commons Treasury Select Committee, has warned.
June 06, 2012
G-7: We're watching Europe's debt crisis
NEW YORK (CNNMoney) -- Finance ministers from the world's seven largest economies held a conference call Tuesday about the ongoing European sovereign debt crisis, but did not announce any new rescue measures.
June 05, 2012
Closures, shortages loom as insurers exit Greece
ATHENS: Faced with the prospect of closing his family business and looking for work in Greece's sickly economy at the age of 65, Alkis Iliadis bemoans a decision by trade insurers to stop covering exports to his debt-choked country.
June 04, 2012
Spain's manufacturing sector sees contraction worsen
The rate of contraction in Spain's manufacturing sector was worse than that of Greece in May, according to a business survey.
Markit's eurozone manufacturing purchasing managers' index for the whole eurozone dropped to 45.1 from 45.9 in April.
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