Tag: Eurozone

• Monday, September 5th 2011 - 01:18 UTC

  The big questions China still has to answer according to World Bank chief Zoellick

  

  The world’s economic leaders need to “rebalance” their thinking as well as their economies. Fiscal and monetary policies have dominated. That makes sense to a degree: decisions on deficits, debt and the Euro zone this autumn may well determine whether the global economy slides deeper into danger, or begins the long climb back.

• Sunday, September 4th 2011 - 23:48 UTC

  IMF calls on Europe and the US to stimulate economic growth

  

  IMF chief Christine Lagarde said in an interview released that Europe and the United States should consider stimulating economic growth, if the situation permits, to offset a crisis of confidence hitting the global economy.

• Wednesday, August 31st 2011 - 21:24 UTC

  Merkel bets she can convince ruling coalition sceptics to further support the Euro

  

  German Chancellor Angela Merkel's cabinet approved Wednesday new powers for the Euro zone's bailout fund, kicking off a month-long battle to convince sceptics in her conservative camp to back efforts to contain the bloc's crisis.

• Wednesday, August 31st 2011 - 00:53 UTC

  IMF slashes growth forecasts for US and Euro zone; warns against higher rates

  

  The IMF has slashed its growth forecasts for the United States and said the Federal Reserve and the European Central Bank must be ready to ease policy.

• Thursday, August 18th 2011 - 20:57 UTC

  US and Euro zone “dangerously close to recession” warns Morgan Stanley

  

  The United States and Euro zone are “dangerously close to recession,” Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.

• Wednesday, August 17th 2011 - 08:16 UTC

  Sarkozy and Merkel pledge support for the Euro but disappoint markets

  

  The leaders of France and Germany meeting in Paris unveiled wide-reaching plans for closer Euro zone integration, including deficit limits and biannual summits but said joint Euro bonds could only be a long-term option.

• Monday, August 15th 2011 - 23:43 UTC

  Soros backs creation of Euro bonds to solve Euro debt crisis; Germany rejects idea

  

  George Soros has backed “Eurobonds” - joint debts of the 17 Euro zone members - to solve the Euro zone debt crisis. Speaking to the BBC, the billionaire investor said if European leaders fail to keep the Euro together, there would be a “really serious global calamity”.

• Monday, August 8th 2011 - 11:28 UTC

  European Central Bank expected to buy Italian and Spanish bonds

  

  The European Central Bank has said it will buy Euro zone bonds, following emergency talks on the debt crisis. ECB did not say which bonds it would buy but analysts expect them to be from Italy and Spain.

• Thursday, August 4th 2011 - 22:18 UTC

  Bank of England adopts ‘wait and see’ attitude amid world turbulence

  

  The Bank of England left its main interest rate at a record low 0.50% on Thursday for the 29th month in a row amid weak economic growth in Britain and a debt crisis in the Euro-zone. The quantitative easing QE program was also left stand-by at £200 billion.

• Thursday, August 4th 2011 - 20:20 UTC

  Euro zone resumes bond purchases amid fears of growing crisis contagion

  

  European Central Bank (ECB) announced Thursday it will offer a fresh round of loans to banks (*) in light of continuing fears about the Euro-zone debt crisis. ECB president Jean Claude Trichet said that economic uncertainty was “particularly high”'.