FRANKFURT: The European Central Bank may have to ride to the eurozone's rescue again very soon, analysts said Tuesday, as Spain looks set to be the next country engulfed by the never-ending debt crisis.
July 25, 2012
Fall in Germany's PMI adds to its credit rating worries
Germany's private sector shrank for a third straight month in July in a second blow to Europe's largest economy after Moody's cut its credit rating to AAA with a negative outlook.
July 24, 2012
Spain and Italy ban short selling
Securities regulators in Spain and Italy both instituted short-selling bans Monday as financial markets tumbled.
July 23, 2012
Greece is in a 'Great Depression': PM Antonis Samaras
ATHENS: Greece is in a "Great Depression" similar to the American one in the 1930s, the country's Prime Minister Antonis Samaras told former U.S. President Bill Clinton on Sunday.
July 21, 2012
Crisis-Hit Nations Fight to Prepare for Olympics
With one hurdle left, something snapped.
It wasn't a bone or anything that serious, but Greek athlete Periklis Iakovakis somehow lost power and quickly dropped from first to last in the European Championship 400-meter hurdles final, unable to summon enough energy to keep going strong.
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