Mariano Rajoy, prime minister of Spain, said the budget deficit would be 5.8pc of GDP in 2012 - more than 30pc higher than the 4.4pc target agreed by Brussels.
March 05, 2012
March 03, 2012
Euro Declines After ECB Approves Record Loans; Dollar Gains Versus Yen
The euro fell against most of its major counterparts after a liquidity injection by the European Central Bank failed to convince investors that the region’s crisis is abating.
March 02, 2012
Eurozone unemployment continues to rise
The unemployment rate in the eurozone continued to rise in January, hitting another record high.
March 01, 2012
EU says Ireland may need to revise budget
(Reuters) - Ireland may need to make further changes to its budget this year if the economy continues to deteriorate, the European Commission said on Wednesday in a draft of a report obtained by Reuters.
February 29, 2012
S&P declares Greek 'selective default' after bailout
Rating agency Standard & Poor's has classified Greek debt as in "selective default" following the deal it made with creditors to reduce its debts.
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