Showing posts with label euro zone debt crisis. Show all posts
Showing posts with label euro zone debt crisis. Show all posts

May 24, 2014

Euro zone crisis propels German immigration to 20-year high

BERLIN (Reuters) - Net immigration to Germany leapt by over 18 percent to a 20-year high in 2013, fuelled largely by migrants from euro zone debt-crisis states Italy and Spain as well as a continued influx of Poles, data from the Statistics Office showed on Thursday.

April 30, 2014

Chaos and control: Europe's debt crisis from two perspectives

(Reuters) - Perhaps the darkest moment of the euro zone debt crisis came in the middle of 2012 when Greece stood on the brink of being forced out of the currency bloc and a question mark hung over whether Cyprus would remain in if Athens left.

April 19, 2014

Did Europe misdiagnose debt crisis and make it worse?

(Reuters) - At the height of the euro zone debt crisis, with Portugal's economy nearing collapse, the European Commission told the government in Lisbon that it had to slash wages if it was ever going to boost competitiveness and grow again.

February 23, 2014

Emerging market storm boon for euro zone's periphery

LONDON, Feb 20 (Reuters) - A reversal in fortunes between southern Europe and once-booming developing economies has triggered a substantial allocation shift by global funds out of emerging assets and into the euro markets they fled two years ago.

January 31, 2014

Greek yields drop as Turkey eases emerging market tensions

LONDON, Jan 29 (Reuters) - Greek bond yields fell on Wednesday after a blockbuster move by the Turkish central bank to hike interest rates stalled an emerging market rout that has hit the euro zone's weakest member.

December 05, 2013

Euro zone likely to backstop banks with promises rather than cash

BRUSSELS (Reuters) - Euro zone governments have set aside almost no money to make good on their promise to recapitalise ailing banks after a health check next year.

July 29, 2013

Germany's Schaeuble set to stay center stage in euro crisis

(Reuters) - Two years ago, German Finance Minister Wolfgang Schaeuble was on the point of giving up his role as iron fist in the euro zone debt crisis, but the 70-year-old champion of closer European integration now seems likely to remain on Europe's center stage.

February 18, 2013

Cyprus votes for leader to steer it past financial storm

(Reuters) - Cypriots went to the polls on Sunday to elect a president who must negotiate a financial rescue to save the island country from a bankruptcy that would reignite the euro zone debt crisis.

January 23, 2013

Protests become way of life in Spanish recession

MADRID (Reuters) - Spanish workers are increasingly walking off the job to protest wage reductions and privatizations by the government as it tackles a steep public deficit that last year threatened to bankrupt the country.

January 21, 2013

UK PM to deliver long-awaited EU speech this week

(Reuters) - British Prime Minister David Cameron is set to deliver his hotly anticipated speech about his plans for Britain's membership of the European Union this week, Foreign Secretary William Hague said on Sunday.

January 05, 2013

Car slump in France, Spain and Italy spells gloomy 2013

PARIS (Reuters) - Car sales in France, Spain and Italy in 2012 fell to the lowest levels in years, with December registration data underscoring the challenges facing the broader European economy.

December 06, 2012

Finland slips into recession as exports stall

HELSINKI: Finland slipped into recession in the third quarter as the euro zone debt crisis dented demand for exports from one of its smallest and most secure economies, data showed on Wednesday.

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.

October 01, 2012

Spain borrowing needs rise on banks, regions; debt-to-GDP ratio to rise to 90.5 pc in 2013 vs 85.3 pc in 2012

MADRID: Spain's borrowing needs will rise in 2013 from this year as the government pours cash into its battered banking system and its cash strapped regions, the detailed budget document showed on Saturday.

September 27, 2012

Brent steady above $110 on supply woes, Euro crisis caps gains

SINGAPORE (Reuters) - Brent futures held steady above $110 on Thursday on renewed worries of supply disruptions from the Middle East, while an escalating euro zone debt crisis reinforced oil demand growth concerns and capped the gains.

September 03, 2012

French PM warns vote vs fiscal pact would weaken Hollande

(Reuters) - French Prime Minister Jean-Marc Ayrault sought to rally a divided left behind the European Union's fiscal compact, arguing that anything but a strong endorsement would weaken President Francois Hollande and France itself.

September 01, 2012

Europe crisis: Spain creates bad bank, paves way for rescue funds

MADRID: Spain overhauled its banks for the fifth time in three years on Friday to secure up to 100 billion euros ($125 billion) in European aid for lenders crushed by bad loans from an extended property market crash.

April 30, 2012

UK's Cameron says euro zone crisis far from over

LONDON: British Prime Minister David Cameron said the euro zone debt crisis was less than halfway through, and raised doubts about the future of the single currency in an interview on Sunday.

February 10, 2012

Euro debt crisis weighs on insurers' 2011

LONDON (Reuters) - Near-record catastrophe claims, the euro zone debt crisis and low interest rates are likely to result in mostly weaker 2011 profits for European insurers.

January 25, 2012

IMF slashes world growth outlook as euro zone weighs

WASHINGTON — The euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence.