October 16, 2012

Debt cuts only way to sustainable growth: Germany

BANGKOK: Slashing government debt is the only way to put Europe back on a path of sustainable economic growth, German Finance Minister Wolfgang Schaeuble said on Monday.

October 13, 2012

IMF chief urges action in tackling euro crisis

TOKYO (AP) — The head of the International Monetary Fund on Thursday called for urgent action to tackle Europe's debt problems and an approaching fiscal crisis in the U.S., warning that the struggling world economy is already falling short of even pessimistic expectations.

October 12, 2012

Germany in 'great danger' of falling into recession

Germany is in "great danger" of plunging into recession, four respected think tanks have warned, as they slashed the country's 2013 growth forecasts in half.

October 11, 2012

Polish PM seeks course through economic storm

WARSAW (Reuters) - Polish Prime Minister Donald Tusk will try to persuade voters on Friday he is the best man to deal with an economic slowdown that has made one of eastern Europe's most stable governments look suddenly vulnerable.

October 10, 2012

Spain to miss deficit targets in 2012 and 2013; debt to cross 90 pc of GDP: IMF

MADRID: Spain will miss its deficit targets in 2012 and 2013 and its debt will jump to more than 90 percent of gross domestic product next year as it recapitalises its banking sector, the IMF said on Tuesday.