Tag: European Union

• Monday, May 3rd 2010 - 02:24 UTC

  Euro Zone and IMF Agree to 110 Billion Euro Aid for Greece; Summit in Brussels

  

  Euro zone members and the IMF have agreed to a 110 billion Euro (146.2 billion US dollars) three-year bailout package to rescue Greece's embattled economy. In return for the loans, Greece will make major austerity cuts which Prime Minister George Papandreou said involved “great sacrifices”.

• Wednesday, April 28th 2010 - 03:18 UTC

  Delayed Planned Bailout Forcing Greece Closer to Technical Default

  

  Shares across the globe fell sharply after German chancellor Angela Merkel said bond investors in Greece may have to take a hit even if a bail-out is agreed. With Merkel facing increased domestic opposition to the planned bailout and with elections imminent she has been talking tough, demanding Greece pay higher interest on any money it borrows than was originally agreed.

• Wednesday, April 28th 2010 - 01:50 UTC

  World Seafood Industry Employs 45 Million and 500 Million Live from Fish Income

  

  New regulations, such as retailers’ requirement that fish must be certified as sustainable, and the impact of the global economic crisis are affecting the seafood industry, especially producers in developing nations, according to the United Nations Food and Agriculture Organization FAO.

• Wednesday, April 28th 2010 - 01:19 UTC

  Argentina Hosting FAO Fisheries Meeting to Upgrade Fish Trade and Conservation

  

  The UN Food and Agriculture Organization (FAO) Committee on Fisheries (COFI) is meeting this week in Buenos Aires to examine technical and economic aspects of the international trade in fish and fishery products.

• Wednesday, April 28th 2010 - 01:09 UTC

  Unemployment in Spain Soars to 20.05%; 4.61 Million Jobless

  

  Spain's jobless rate has risen past 20% for the first time in 13 years, according to figures made public by the National Statistics Institute (INE) on Tuesday. Unemployment rate was 20.05% in the first quarter of this year, up from 18.83% in the last quarter of 2009.

• Monday, April 26th 2010 - 21:16 UTC

  Germany and France Strongly Condition Rescue Aid Package to Greece

  

  Greece will not get its multi-billion Euro aid package until it commits to bigger economic sacrifices, Germany’s finance minister warned over the weekend.