Moody's Investors Service said Friday the period of calm experienced in Europe in the past six months will come to an end without progress on area-wide reforms, potentially leading Spain and Italy losing bond market access at a time of sizeable refinancing needs.
November 19, 2012
November 18, 2012
Euro Crisis Weighs on German Economic Expectations
MANNHEIM, Germany--Economic expectations in Germany fell well below consensus forecasts in November, the latest sign that the euro zone's largest economy is likely to deteriorate over the next six months as the currency bloc's debt crisis drags on, data showed Tuesday.
November 17, 2012
U.K. Seen Shrinking This Quarter Amid Triple-Dip Risk: Economy
Britain’s economy may shrink this quarter and the risk has increased that the country will succumb to its first triple-dip recession since records began almost six decades ago, according to a survey of economists.
November 16, 2012
Eurozone falls back into recession
The eurozone has returned to recession as the region's debt crisis continues to hurt demand, figures show.
November 13, 2012
Greece needs 32.6 billion euros if bailout extended: Troika
BRUSSELS: Greece's international creditors will have to find 32.6 billion euros if they agree to extend its debt bailout by two years to 2016, as it wants, according to a draft report.
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