BERLIN: Greece will run out of money at the end of November if it doesn't receive the next planned installment of its bailout loans, the country's prime minister has said.
October 07, 2012
October 06, 2012
French Economy Stagnates as State Spending Prevents Recession
The French economy will fail to grow in the second half, extending stagnation to five quarters, national statistics office Insee predicted yesterday.
October 05, 2012
Debt crisis: Spain's forecasts are 'optimistic', says Governor of the Bank of Spain
The Governor of the Bank of Spain warned that Madrid’s financial forecasts are “optimistic” adding to the mounting pressure on Mariano Rajoy from European Central Bank and the International Monetary Fund.
October 04, 2012
Portugal announces higher taxes as strike is called
Portugal has announced several new austerity measures, which were met with a call for a huge strike next month.
October 03, 2012
Spain's PM says bailout not imminent
Spain's prime minister, Mariano Rajoy, has ruled out a multi-billion euro bailout before this weekend, despite the worsening economic situation and pleas from Madrid's neighbours for a resolution to the current crisis.
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