Tag: Eurozone debt crisis

• Thursday, July 26th 2012 - 19:51 UTC

  ECB to the rescue of Spain and Italy and avoid collapse of Euro zone

  

  European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the Euro zone from collapse, including acting to lower unreasonably high government borrowing costs.

• Wednesday, July 11th 2012 - 22:16 UTC

  Germany expected to grow 1.9% in 2013 because of Euro crisis

  

  Germany's DIW economic research institute slashed its 2013 forecast for Europe's largest economy by 0.5 percentage points to 1.9% on Wednesday, saying the Euro zone debt crisis would have a bigger impact than it had originally expected.

• Friday, May 25th 2012 - 01:16 UTC

  UK deeper in recession; IMF recommends more stimuli measures

  

  Britain fell deeper into recession than initially thought in the first quarter of 2012 due to a slump in construction output, raising the likelihood that the Bank will opt to inject more stimuli to protect the economy from the Euro zone debt crisis.

• Wednesday, May 23rd 2012 - 18:38 UTC

  Euro-zone tells members to prepare contingency plans for a possible Greek exit

  

  Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing but “manageable”.

• Tuesday, January 31st 2012 - 04:59 UTC

  ILO blames Germany’s low-wages policy as contributing to the Euro debt crisis

  

  Germany's persistent policies to push down wages have harmed fellow Euro zone member countries and contributed to the bloc's current debt crisis, the International Labor Organization (ILO) said in Geneva.

• Monday, January 2nd 2012 - 21:48 UTC

  Merkel and Sarkozy prepare for yet another round of Euro-rescue talks

  

  German Chancellor Angela Merkel and French President Nicholas Sarkozy have said they will meet next week to discuss the Euro zone debt crisis. Their first meeting of 2012 comes after all EU countries except the UK agreed to work together on a new treaty to stabilise the Euro zone.

• Monday, December 12th 2011 - 04:56 UTC

  German Finance minister confident EU agreement will solve Euro debt crisis

  

  German Finance Minister Wolfgang Schaeuble said agreements reached at an EU summit this week will solve the Euro zone's debt crisis and that Germany needs a strong Europe.

• Thursday, December 8th 2011 - 06:55 UTC

  Euro Day: EU leaders won’t leave Brussels summit until agreement is reached

  

  Pessimistic comments from Germany and new figures exposing deepening stress among Europe's banks dented financial market hopes of a turning point in the Euro zone's debt crisis at a summit this week.

• Tuesday, November 29th 2011 - 05:53 UTC

  Markets react positively to talks for speeding the EU decision making process

  

  Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the Euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

• Wednesday, November 23rd 2011 - 20:33 UTC

  Berlin and Paris again clash over ECB; Euro confidence crisis on German shore

  

  Germany and France again on Wednesday over whether the European Central Bank should take bolder steps to stem the Euro zone debt crisis, with Chancellor Angela Merkel issuing one of her starkest warnings yet against fiddling with the central bank's strict inflation-fighting mandate.