Tag: European Union

• Tuesday, October 4th 2011 - 20:24 UTC

  Brazil and EU call for concerted action to face current international situation

  

  Brazil and the European Union must take concerted action to calm markets fearful of global contagion spreading from Europe's debt crisis, leaders from both sides said on Tuesday.

• Tuesday, October 4th 2011 - 20:00 UTC

  Greek striking public sector workers blockade ministries and paralyze Athens

  

  Greece’s striking public sector workers blockaded the entrance to several ministries in Athens on the second anniversary of the ruling Socialist party's election victory, disrupting talks with EU and IMF inspectors on the next aid tranche.

• Monday, October 3rd 2011 - 21:43 UTC

  Overly restrictive fiscal measures unlikely to solve EU crisis, warns Rousseff

  

  Overly restrictive fiscal measures are unlikely to solve the European Union's debt crisis, Brazilian President Dilma Rousseff said on Monday in Brussels in the sidelines of the V strategic meeting between the European Union and Brazil.

• Tuesday, September 20th 2011 - 22:00 UTC

  Beijing says financial aid to Euro zone has ‘no preconditions’

  

  Beijing's plan to provide financial aid to the European Union is not contingent on Europe supporting a proposal that could protect China from trade sanctions, a Commerce Ministry spokesman said on Tuesday.

• Wednesday, September 14th 2011 - 06:43 UTC

  BRICS countries preparing aid package in support of the European Union

  

  Brazil, Russia, India, China and South Africa, which make up the so-called BRICS group, will meet in Washington next week to discuss how to help the European Union avert a full-blown financial crisis as Greece veers toward default on its debt, Brazilian Finance Minister Guido Mantega said Tuesday.

• Thursday, August 25th 2011 - 06:13 UTC

  Growing dissent in German government over ECB purchase of sovereign bonds

  

  The German president has fueled concerns of a split in Chancellor Angela Merkel's Christian Democrats after he criticized a move by the European Central Bank to resume buying Italian and Spanish sovereign bonds.

• Friday, August 19th 2011 - 02:05 UTC

  Fears of recession plunge world markets; Latam losses less that in US and EU

  

  Stock markets across Latin America, led by regional heavyweight Brazil, fell sharply Thursday as recession fears sent global markets down. Meanwhile the spot price of gold hit yet another record high of just below 1.829 dollars an ounce.

• Thursday, August 18th 2011 - 21:01 UTC

  Argentina lowers export tariffs for processed hake, shrimp and squid

  

  Argentina lowered fisheries’ export tariffs to all processed goods made out of hake, squid and shrimp. The measure applies for six months and makes effective the promise from Economy Minister Amado Boudou earlier in the month.

• Tuesday, July 12th 2011 - 07:01 UTC

  EU digs in to defend Euro: lower costs of aid packages and beefs up stability fund

  

  European Union finance ministers pledged to beef up a rescue package for troubled economies such as Greece as they went to battle to contain debt crisis contagion threatening to engulf Silvio Berlusconi’s Italy and Socialist Spain.

• Tuesday, July 12th 2011 - 01:47 UTC

  Euro confidence crisis, Italian chapter, sends world markets tumbling

  

  Global stocks and the Euro sank as fears that Italy could become the latest country caught up in the Euro-zone debt crisis caused investors to sell risky assets and snap up safe-haven US Treasury debt, pushing the 10-year note's yield below 3%.