Tag: Eurozone

• Monday, September 3rd 2012 - 06:20 UTC

  Spanish PM Rajoy challenges the European central bank and Germany

  

  Spain will consider seeking extra aid from Europe on top of a 100 billion Euro rescue of its financial sector but does not see any need for new conditions, Prime Minister Mariano Rajoy said in an interview published in European newspapers.

• Thursday, August 30th 2012 - 04:36 UTC

  China and Germany, world’s exporting giants meet in Beijing to discuss Euro-crisis

  

  German leader Angela Merkel is due to hold top-level talks Thursday on her second visit to China this year, with Europe's debt crisis taking centre stage as it begins to drag on the two global powers.

• Saturday, August 18th 2012 - 05:45 UTC

  Euro zone June trade surplus was the highest since 1999

  

  The Euro zone trade surplus hit 14.9bn Euros in June up from 200m Euros a year ago. The surplus was the highest since the European Union's statistics agency began collecting data in 1999.

• Wednesday, August 15th 2012 - 00:50 UTC

  Euro zone contracts 0.2% in Q2; Germany remains strong but exposed to contagion

  

  The Euro zone debt-ravaged economy shrank in the second quarter (after a dismal first) and despite continued German growth which economists said could soon be snuffed out.

• Friday, August 3rd 2012 - 08:06 UTC

  IMF calls for “policy game changer” in the Euro zone to arrest spread of debt crisis

  

  The IMF called on Thursday for a “policy game changer” in the Euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbours.

• Friday, August 3rd 2012 - 08:01 UTC

  ECB disappoints but keeps markets’ expectations of bold actions alive

  

  Asian shares and the Euro eased on Friday as the European Central Bank, as happened with the Federal Reserve on Wednesday, disappointed markets looking for an imminent move to deal with the Euro zone debt crisis.

• Monday, July 23rd 2012 - 20:16 UTC

  Spain’s economy sinks deeper into recession; financial costs balloon

  

  Spain's economy sank deeper into recession in the second quarter, its central bank said as investors spooked by an undeclared funding crisis in its regions pushed the country ever closer to a full bailout

• Monday, July 23rd 2012 - 09:20 UTC

  ECB chief says “Euro is irreversible”; praises will to create supranational bodies

  

  European Central Bank President Mario Draghi said that the Euro was not in danger despite some analysts' worse case scenarios for a break-up and said that greater financial, budgetary and political union among Euro zone countries was inevitable.

• Wednesday, July 18th 2012 - 16:57 UTC

  ECB warns Euro countries will have to yield fiscal, debt and economic policy sovereignty

  

  The Euro zone will have to get powers to limit the debt issuance of its members, intervene in national budgets and change national policies to build a deeper economic union, ECB Executive Board Member Joerg Asmussen said.

• Monday, July 16th 2012 - 23:59 UTC

  IMF cuts world growth forecast; Latam drops from 3.7% to 3.4%

  

  International Monetary Fund on Monday cut its global growth forecast and warned that the outlook could dim further if policymakers in Europe do not act with enough force and speed to quell their region's debt crisis.