Greek unemployment hit a record high this summer despite a rise in tourism.
December 19, 2011
December 16, 2011
Gold Prices Struggle to Stay Near $1, 700
Gold prices fell Wednesday on negative economic news from China and Europe plus concerns that the world's No. 1 economy is barely advancing.
Euro Area Faces Recession as Breakup Risk Remains, E&Y Says
Dec. 15 (Bloomberg) --The euro-area economy is likely to slip back into a recession and its leaders’ new plan to end the debt crisis hasn’t completely eliminated the risk of a breakup of the currency region, according to Ernst & Young LLP.
December 15, 2011
Speculation on France's Rating Persists
PARIS—French Foreign Minister Alain Juppé said Wednesday that a credit-ratings downgrade wouldn't be "cataclysmic," further fueling market expectations that the government is preparing for an imminent loss of its cherished triple-A ranking.
December 14, 2011
Euro’s woes boost sterling
The euro fell to a fresh nine-month low against the British pound on Tuesday.
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