Tag: euro crisis

• Tuesday, October 16th 2012 - 07:29 UTC

  Soros suggests that if Germany does not lead, it should leave the Euro

  

  The European Union could be destroyed by the “nightmare” Euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday.

• Tuesday, February 7th 2012 - 06:09 UTC

  China growth could drop by half in 2012 because of the Euro crisis warns IMF

  

  Economic growth in China could drop by half this year in the event of a sharp recession in Europe, the IMF predicted on Monday in a report that underscored the importance of global trade to the world's second largest economy.

• Wednesday, January 4th 2012 - 18:15 UTC

  Top IMF economist warns of credit squeeze for Latam if Euro crisis worsens

  

  Latin American economies face a recession and a credit squeeze if Europe's debt crisis worsens, director of the IMF Western Hemisphere Department Nicolas Eyzaguirre said on Wednesday.

• Tuesday, December 20th 2011 - 22:43 UTC

  Moody's praises UK management but warns of “formidable and rising challenges”

  

  Ratings agency Moody's has given the UK high scores for economic governance but warns the country it faces “formidable and rising challenges”.

• Friday, November 18th 2011 - 05:38 UTC

  Euro confidence crisis has several countries under siege

  

  Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher.

• Thursday, November 17th 2011 - 19:56 UTC

  Germany and France clash over a greater role for the European Central bank

  

  German Chancellor Angela Merkel reiterated Thursday her opposition to a greater role for the European Central Bank in helping to solve the Euro zone debt crisis, saying political action was required.

• Wednesday, November 16th 2011 - 18:04 UTC

  Italian cabinet, totally technocrat, sworn in; parties promise support for reforms

  

  Mario Monti formed a new technocrat government in Italy Wednesday to tackle a major debt crisis threatening the entire Euro zone and said he hoped it would placate financial markets.

• Wednesday, November 16th 2011 - 14:40 UTC

  China, Japan, Canada urge greater action from the EU on the Euro crisis

  

  Non-European policymakers joined US President Barak Obama in urging greater action from the European Union to deal with the two year old crisis, and came as equity markets fell in response to a sell-off in euro zone bond markets.

• Thursday, October 27th 2011 - 05:58 UTC

  World Bank forecasts Latam growth of 3.5% to 4% this year and 4% in 2012

  

  Latin America’s economy is forecasted to grow between 3.5% and 4% this year, which is less than previous estimates before the current global financial crisis, said World Bank representative for the region, Pamela Cox.

• Thursday, October 20th 2011 - 00:10 UTC

  Argentina, Brazil and Mexico attempt to harmonize positions ahead of G20

  

  Argentina, Brazil and Mexico meeting in Uruguay ahead of the G-20 summit in France next November, agreed to demand a greater role for the region in global affairs and in helping to resolve the global economic crisis.