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  • August 22, 2014
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  1. News - World - EURO-ZONE CRISIS

    Germany approves global bailout package for Cyprus

    Posted Apr 19th 2013, 12:00am by AFP

    ... for the measure, with 103 against and 11 abstentions. "We must avoid turning the problems in Cyprus into new problems for other euro countries," Finance Minister Wolfgang Schaeuble told lawmakers ... by euro-zone finance ministers that gives Ireland and Portugal an extra seven years to repay aid they have received, to allow them to consolidate progress. Euro-zone finance ministers last week ...

  2. News - World - EURO-ZONE CRISIS

    Greek fury over 2,000 names on 'Swiss bank account' list

    Posted Oct 29th 2012, 12:00am by The New York Times in Athens

    ... of the Greek Parliament, several employees of the Finance Ministry and a number of business leaders are on a list of more than 2,000 Greeks said to have accounts in a Swiss bank, according ... the list, and whether they had acted on it. Hot Doc published a list that it said matches the one that Christine Lagarde, then French finance minister and the current head of the International ...

  3. Business - Economy - EURO-ZONE CRISIS

    EU aid deal secures Greece in single currency

    Posted Dec 14th 2012, 12:00am by Bloomberg

    ... reforms. "We are convinced that the programme is back on a sound track," Jean-Claude Juncker, the chairman of the 17-nation euro zone's finance ministers, said after they met before an EU summit later in the day. "Money will be flowing to Greece as early next week." In another major deal, EU finance ministers agreed to put the European Central Bank in charge ...

  4. Business - Economy - EURO-ZONE CRISIS

    Greece 'urged to cut deeper' to unlock EU-IMF-ECB loans

    Posted Oct 15th 2012, 12:00am by AFP

    ... austerity package worth €7.8 billion this year would be enough to unblock the loans. But the troika are now demanding €9.2 billion in savings, according to the finance ministry. "We say €7.8 billion, they say €9.2 billion. We have to converge," a finance ministry source said after talks with the auditor mission on Saturday. The EU-IMF auditors say a greater-than-foreseen recession ...

  5. Business - Economy - EURO-ZONE CRISIS

    Europe's Plan C for Greece no better than previous plans

    Posted Nov 29th 2012, 02:22am by Bloomberg

    ... Bloomberg The deal between euro-zone finance chiefs and IMF welcome but lacks adequate debt relief Europe's Plan C for Greece no better than previous plans Europe's leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in plans A and B: adequate debt relief. The agreement between euro-zone finance ministers ...

  6. News - World - EURO-ZONE CRISIS

    Euro-zone ministers to launch ESM rescue fund

    Posted Oct 08th 2012, 12:00am by AFP

    ... (HK$5 trillion) rescue fund today when finance ministers meet amid growing uncertainty over Greece's tortuous debt bailout and whether Spain will need help in turn. The formal launch ... and bailed-out Ireland. In the build-up to the euro-zone and EU finance ministers' meeting in Luxembourg today and tomorrow, much attention has been on Spain and whether or not it would ask ...

  7. Business - Economy - EURO-ZONE CRISIS

    IMF says China's economy will not have a hard landing this year

    Posted Oct 13th 2012, 12:00am by AFP, Bloomberg

    ... Germany's finance minister said yesterday there was "no alternative" to cutting debt in European countries, the day after the chief of the International Monetary Fund (IMF) called ...

  8. Business - Economy - EURO-ZONE CRISIS

    S&P cuts credit rating for Santander and Bilbao Vizcaya Argentaria banks

    Posted Oct 17th 2012, 12:00am by Bloomberg

    ... further austerity. "The proposed budget is the only one possible … we don't have any room for manoeuvre," Finance Minister Vitor Gaspar said after submitting the budget bill ...

  9. News - World - EURO-ZONE CRISIS

    Merkel and Hollande to offer Greece little comfort over bailout terms

    Posted Aug 24th 2012, 12:00am

    ... crisis. German Finance Minister Wolfgang Schaeuble noted that it's only a few months since creditors drew up a second bailout package and agreed on a massive debt writedown for Greece. ...



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