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  • July 26, 2014
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  1. News - World - EUROPE

    Euro-zone summit ends in stalemate, again

    Posted Dec 16th 2012, 12:00am by The Guardian

    ... The Guardian in Brussels Euro-zone summit ends in stalemate, yet again European leaders wound up their final summit of 2012 in much the same manner as they started the year- playing for time, crossing their fingers, hoping the worst is behind them. In the almost three years since the Greek drama erupted in February 2010 and spread quickly around the euro-zone fringes, ...

  2. Business - Economy - EURO ZONE

    Euro zone joblessness, at 11.4pc, risks ‘economic disaster’

    Posted Oct 01st 2012, 09:28pm by Reuters in Brussels

    ... zone, the highest level since the euro’s inception in 1999 and a rise of some 2.6 million people since early last year. About 25.5 million people were out of a job in the wider 27-nation ... across the euro zone to engulf Ireland, Portugal, Cyprus and the much bigger economy of Spain has devastated business confidence and sapped companies’ abilities to create jobs. A European-wide ...

  3. News - World - PORTUGAL

    Portugal president rejects ruling coalition reshuffle and ignites bailout 'time bomb'

    Posted Jul 13th 2013, 12:00am by Reuters

    ... Cavaco Silva rejects coalition reshuffle and calls on Socialists to help bolster austerity drive Portugal's president has thrown the bailed-out euro zone country into disarray after ... bailout is due to expire next June. "We are in a situation which demands that the political parties leave their comfort zone," said Marina Costa Lobo, of the University of Lisbon. ...

  4. News - World - PORTUGAL

    Portuguese president accepts key political compromise

    Posted Jul 23rd 2013, 12:00am by AP, Reuters

    ... Portugal's president accepted a compromise reached by the coalition government that allows it to stay in power, defusing a potential financial crisis. In an address to the nation, President Anibal Cavaco Silva ruled out early elections, opting for &q ...

  5. Business - Economy - ECONOMY

    Premier Wen Jiabao calls for clear euro-zone debt plan

    Posted Nov 06th 2012, 12:00am by Teddy Ng, AGENCIES

    ... to solve the euro-zone debt crisis, while pledging that China will assist in Europe's recovery. In a speech at the opening ceremony of the Asia-Europe Summit in Vientiane, Laos, yesterday, Wen ... understanding of Tokyo's position on the East China Sea row. Bloomberg, Agence France-Presse, Associated Press Wen calls for plan on euro-zone crisis ...

  6. Business - Economy - ECONOMY

    IMF calls for action as euro zone crisis festers

    Posted Oct 11th 2012, 11:26am by Reuters in Tokyo

    ... in borrowing costs for debt-laden countries such as Spain may prove short-lived unless euro zone leaders come up with a comprehensive and credible plan. In its financial stability report on Wednesday, ... of the OMT for Spain or for any of the countries,” Vinals said. Japan’s finance minister, Koriki Jojima, called the euro zone’s debt and financial sector problems the biggest risk to the global ...

  7. Business - Economy

    France plans stake sales to fund public investment

    Posted Jul 10th 2013, 11:08am by Reuters

    ... France will use further sales of state shares in firms to help finance a new 12 billion euro (HK$119.5 billion) public investment drive, Prime Minister Jean-Marc Ayrault said. ... added. Most of the package, half of which will target environmentally friendly investments, will not be spent until after 2016, when investments peak under a current, multi-year 35 billion euro ...

  8. Business - Economy

    Ireland in recession as bailout exit approaches

    Posted Jun 28th 2013, 02:32pm by Reuters

    ... growth - a shock reading that shows the euro zone member is recovering from financial crisis much more slowly than previously thought. Revised data also showed a quarterly contraction of 0.2 per ... for the first half of the year are consistent with our budgetary targeting. We’ll be slightly ahead of target, we think, for June.” Ireland has been one of the few euro zone countries to have eked out ...

  9. News - World - EURO-ZONE CRISIS

    Euro-zone ministers to launch ESM rescue fund

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

    ... Agence France-Presse in Brussels Greek and Spanish cases put on hold as bailout uncertainty persists Ministers meet to launch ESM rescue fund The euro zone finally gets its €500 billion ... the issues, a senior euro-zone official said, given competing demands from the IMF, a newly-public alliance of euro-zone hardliners Germany, the Netherlands and Finland, and Greek leaders from ...

  10. News - World - PORTUGAL

    Portugese government battles for survival

    Posted Jul 04th 2013, 11:49pm by AFP

    ... opposition leader Antonio Jose Seguro had urged the Portuguese president to call snap elections in a meeting on Wednesday. European Union leaders, fearing a resurgence in tension in the euro zone ...




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