September 13, 2012

Eurozone crisis: Spain refuses bailout terms

Mariano Rajoy, the Spanish prime minister, has said he is more determined than ever to avoid having to ask for a bailout – despite the insistence last week by ECB president, Mario Draghi, that it would be a condition of the central bank helping to keep down a country's borrowing costs.

September 12, 2012

Analysis: Hollande's growth goal gutted by deficit plans

PARIS (Reuters) - French President Francois Hollande has set himself a deadline to turn around the economy by the end of 2014, but having hamstrung the effort with tax rises to meet deficit targets, economists doubt his growth goals will ever fly.

September 11, 2012

Inspectors Reject Some Cuts by Greece

ATHENS—Visiting international inspectors on Sunday rejected parts of Greece's proposed austerity plan, forcing the country's coalition government to seek fresh spending cuts to meet creditors' demands.

September 10, 2012

September 09, 2012

Euro Rises Most in 6 Months on ECB Plan; Payrolls Weaken Dollar

The euro posted its biggest advance in six months versus the dollar after European Central Bank President Mario Draghi pledged to buy bonds to contain the region’s debt crisis.