Chancellor Angela Merkel said euro nations must follow Germany’s lead in tightening budgets and reshaping labor markets to return to growth as she seeks to stave off any crisis eruptions before elections in September.
June 10, 2013
June 09, 2013
Germany could expand small business loan scheme to EU strugglers
BERLIN: Portugal and Greece are interested in the same kind of support for lending to small business that Germany agreed with Spain this week, a spokeswoman for the German finance ministry said on Saturday, but they will need a state financing body to qualify.
June 08, 2013
Down So Long, It Looks Like Up to the Euro Zone
FRANKFURT — This is what passes for good economic news in Europe: Spain just added 265 jobs.“Clearly encouraging,” the nation’s prime minister, Mariano Rajoy, said of the development.
June 07, 2013
Eurozone to shrink 0.6% in 2013, grow 1.1% in 2014: ECB
FRANKFURT, GERMANY: European Central Bank President Mario Draghi has announced a cut in the bank's growth outlook for the 17 countries that use the euro currency.
June 06, 2013
IMF On Greece: We Screwed Up But It's Really The Eurozone's Fault
For Euro crisis enthusiasts, today’s IMF review of its Greek program is a real treat. By official standards, the document is thoroughly honest and clear.
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