Tag: European debt crisis

• Wednesday, June 17th 2015 - 05:46 UTC

  Stiglitz comes to the rescue of Argentina and Greece on debt restructuring

  

  Nobel Prize-winning economist Joseph Stiglitz has reiterated his support for a wider system of control on international sovereign debt restructuring, citing the examples of Argentina, Greece and Ukraine to back up his assertion that the area needs more supervision to protect those involved.

• Thursday, October 11th 2012 - 04:09 UTC

  S&P cuts Spain’s credit rating to BBB minus just above junk territory

  

  Standard & Poor's cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide.

• Wednesday, October 10th 2012 - 08:49 UTC

  ‘Hour of reckoning’ speech for Cameron’s future at Tory conference

  

  Britain must cut its budget deficit and fix its economy or face long-term decline, Conservative Prime Minister David Cameron will say on Wednesday, seeking to convince voters that his austerity plan is the only way forward.

• Thursday, August 30th 2012 - 04:36 UTC

  China and Germany, world’s exporting giants meet in Beijing to discuss Euro-crisis

  

  German leader Angela Merkel is due to hold top-level talks Thursday on her second visit to China this year, with Europe's debt crisis taking centre stage as it begins to drag on the two global powers.

• Thursday, July 5th 2012 - 22:22 UTC

  ECB lowers interest to record low 0.75%; pushes banks to lend by cutting overnight rate to zero

  

  The European Central Bank cut its key interest rate by a quarter percentage point Thursday to a record low 0.75% to try to help ease Europe’s financial crisis, boost its sagging economy and restore confidence.

• Monday, June 18th 2012 - 01:12 UTC

  European crisis could reduce Latin America’s growth prospects by 40%

  

  An aggravation of the European crisis could reduce growth prospects in Latin America up to 40%, said the Inter American Development bank president Luis Alberto Moreno, particularly because of the influence of European financial institutions in the influx of capital to the region.

• Tuesday, May 15th 2012 - 08:30 UTC

  Hollande is sworn as French president and flies to talks with Merkel in Berlin

  

  Socialist Francois Hollande is to be sworn as France's president Tuesday before naming a prime minister and dashing to Germany to battle with Berlin over how to tackle Europe's debt crisis.

• Friday, January 13th 2012 - 21:18 UTC

  S&P downgrades France’s rating; Greek swap talks on hold; Euro hits new low

  

  Stock markets and the Euro traded lower Friday as Greek debt swap talks were put on hold and France’s Finance minister confirmed that Standard & Poor’s has downgraded the country’s credit rating.

• Friday, December 2nd 2011 - 19:41 UTC

  Brazil ready to support IMF but demands greater power for BRICS countries

  

  Brazil conditioned the disbursement of more funds for the IMF to help countries in crisis to a greater say in the multilateral organization and the advance of European initiatives to solve the current Euro and debt crisis.

• Thursday, October 20th 2011 - 07:00 UTC

  Lula da Silva: only way out for the crisis is growth and jobs, not balanced budgets

  

  Former Brazilian president Lula da Silva recommended European Union leaders to stop discussing balancing budgets and recapitalization of banks and find a solution to the current crisis through more economic growth, more trade and more jobs.