Twelve days after a final summit was intended to stem the debt crisis, building a solid line of defense in the euro area has not moved an inch. Concerning the strengthening of the European financial stability, a crucial measure to contain the crisis and save the sinking euro area, the finance ministers of Seventeen, meeting in [...]
The trend towards the Paris Stock Exchange on Thursday and was reversed after opening sharply down, the odds grew at midday (1.92%) carried by the bank recovery and by rumors of cancellation of the referendum Greece due to the political crisis in Athens. At 24:55 (11:55 GMT), the CAC 40 gained 64.34 points to 3173.22 [...]
Some countries in the euro area want to give the representative of the European Commission (EC) in Athens the power to supervise the privatization of public assets and the Greek administration of the country, said Tuesday European sources Reuters . This radical proposal, rejected by those who believe that this is a form of colonialism, [...]
Greek Prime Minister said that the “loan giant” in negotiations in Brussels would be “similar” to the first. To take advantage of Greece should adopt a new austerity and privatization. No different. The European Union and the International Monetary Fund is about to allocate a second loan “similar” to the first of 110 billion euros, given last [...]
TOKYO – The governor of the Bank of Japan (BoJ), Masaaki Shirakawa, said that the economy will probably shrink in the first half due to the production that has stalled after the devastating earthquake and tsunami of March, said Saturday Wall Street Journal. We expect that production and GDP decline in the first and second [...]
After the announcement of the financial rating agency Standard & Poor’s, Wall Street ended down 1.14% Monday, April 18. NEW YORK CORRESPONDENT – And now, what impact will the warning shot of the financial rating agency Standard & Poor’s (S & P)? Evoking, Monday, April 18, the possibility of lowering the “stable” to “negative” the outlook for the [...]
Four years after the bursting of the housing bubble and the collapse of U.S. subprime, the United States, Europe and Japan are far from having solved their problems. Everywhere “the state and households remain heavily indebted, in varying degrees, and the health of financial institutions has not recovered at the rate of recovery of the economy [...]
WASHINGTON – The International Monetary Fund on Tuesday was less optimistic about the fiscal deficit of the French government led by Nicolas Sarkozy, saying that the electoral timetable is not fit for unpopular measures. In his monitor public finance biannual international institution makes projections that are inconsistent with those given by the Minister of Economy [...]
The decision of the European Central Bank (ECB) to increase its capital by 5 billion euros is a measure on the way to establishing a stronger European plan for dealing with the economic restrictions, said a spokesman for the International Monetary Fund (IMF) on Thursday. “The European Central Bank (ECB) announced it was increasing its [...]
ATHENS – Athens woke up paralyzed on Tuesday, with huge traffic jams caused by a 24-hour strike against a public transport project of wage cuts in the public interest entities (DEKO). Not operating in the Greek capital on Tuesday are buses, trains, trams or the subway. Several demonstrations are planned for noon outside the parliament. The [...]
