Tag: European economies

• Wednesday, March 18th 2015 - 08:20 UTC

  EU main economies announce plans to join China-led development bank, despite US warning

  

  France, Germany and Italy on Tuesday announced plans to join the Chinese-led development bank AIIB, drawing concern in Washington which views the institution with skepticism. The three European countries want ”to become founding members of the Asian Infrastructure Investment Bank (AIIB)”, they said in a statement.

• Saturday, February 16th 2013 - 21:05 UTC

  G-20 rejects a ‘currency war’, but global situation too fragile to confirm it in facts

  

  The Group of 20 nations declared there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.

• Wednesday, June 22nd 2011 - 16:31 UTC

  World’s largest bond fund predicts default for Greece “and other European economies”

  

  The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the Euro area deals with its debt crisis.