Tag: Euro zone

• Tuesday, January 11th 2011 - 21:48 UTC

  Japan committed to stabilize the Euro and ensure growth in EU bilateral trade

  

  Japan is prepared to purchase over 20% of bonds that Euro-zone countries will be jointly issuing with the purpose of defusing tension and propping confidence in the Euro given the presistence of the European sovereign debt crisis, Finance Minister Yoshihiko Noda said on Tuesday in Tokyo.

• Thursday, January 6th 2011 - 11:44 UTC

  Merkel committed to support the Euro, in spite of German public opinion

  

  Chancellor Angela Merkel stressed Germany's commitment to the Euro in her New Year message to the country last week.

• Wednesday, December 22nd 2010 - 05:06 UTC

  Portugal on notice for possible credit rating cut in next three months

  

  Portugal was put on notice that its credit rating could be cut and fellow Euro zone debtor Spain had to pay more to issue new debt, suggesting the currency bloc's crisis will rage unabated in 2011.

• Friday, December 17th 2010 - 07:05 UTC

  Euro zone agrees (strict conditionality) bail out permanent mechanism

  

  European Union leaders have agreed to set up a permanent mechanism to bail out any member state whose debt problems threaten the 16-nation Euro zone.

• Wednesday, December 8th 2010 - 17:11 UTC

  US dollar to strengthen, but US fiscal health worse than Europe’s warns China

  

  The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the Euro zone's troubles but the US fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday.

• Friday, November 12th 2010 - 17:41 UTC

  UK holidaymakers moving out of Euro zone to Eastern Europe

  

  It wasn't just the rain-swept, cold day in London that was sending a chill wind down the back of tourism bosses from Western Europe. As heads of the global travel industry met for their annual gathering at the giant World Travel Market (WTM) 2010 event, the damage being caused by the continuing high value of the Euro was the dark cloud hanging over the representatives from Euro zone nations.