European Union

Asian Stocks go up on investor confidence in European debt management & stimulus enactment by the U.S. & China

August 7, 2012

“Sentiment improved as yields in Spain and Italy inched lower on Monday on expectations the European Central Bank will follow through with upcoming policy steps to contain Madrid’s borrowing costs.”

Read the full article →

European Stocks drop and the Euro falls late Monday on pessimism about the prospects of a Spain bailout

August 6, 2012

“Spanish Prime Minister Mariano Rajoy has signaled he may seek a full-blown aid package, but has not yet made a decision on the matter.”

Read the full article →

Italian Prime Minister Monti: European Union could break apart if countries don’t lower government borrowing costs

August 6, 2012

“While he backed the ECB’s willingness to address “severe malfunctioning” in the government bond market, Monti said the problems “have to be solved quickly now so that there’s no further uncertainty about the euro zone’s ability to overcome the crisis.””

Read the full article →

Global Stocks and the Euro drop after the European Central Bank announces there will be weeks until bond purchases

August 2, 2012

“The central bank, which said it would wait to see if the euro zone economy slows further before cutting interest rates, pledged last week it would do what it takes to support the euro.”

Read the full article →

U.S. Treasury Secretary Geithner: The Eurozone must take steps including to solve the region’s debt crisis, including lowering interest rates

August 1, 2012

“Italy and Spain, the euro zone’s fourth and third largest economies, risk losing access to credit markets as the risk premium investors demand to hold their bonds rather than safe-haven German debt has spiraled to levels considered unsustainable in the long term.”

Read the full article →

Eurozone Unemployment hits a record-high 11.2% in June

July 31, 2012

“Eurostat estimates that 25 million [people] are unemployed across the full 27-state EU. Youth unemployment hit 22.6%.”

Read the full article →

Q2 Profit for UBS, Switzerland’s largest bank, falls 58% on investment banking losses

July 31, 2012

“Chief Executive Officer Sergio Ermotti is shrinking UBS’s investment bank by more than half to focus on wealth management as rising capital requirements and Europe’s sovereign-debt crisis drag on profitability at the securities unit.”

Read the full article →

As China’s private sector stabilizes, the Eurozone’s private sector continues to struggle

July 26, 2012

“The 17-nation euro zone’s private sector economy shrank for a sixth month in July. Manufacturing output nosedived, particularly in Germany, making another official recession likely.”

Read the full article →

British Government Analysis: Greece may run out of money and declare bankruptcy by August 20th

July 25, 2012

“David Cameron is now receiving daily written updates on the deteriorating situation and was warned earlier this week that a Greek bankruptcy in the next month is now a serious possibility.”

Read the full article →

The European Union Supports Deployment of West African Forces to Mali to Help Combat al-Qaeda

July 24, 2012

“The mission is part of an EU strategy aimed at preventing militants from seizing control of vast swathes of territory, allowing them to mount attacks against Europe.”

Read the full article →

Vladimir Putin: Russia will not dump Euros

July 24, 2012

“Speaking after meeting Italian Prime Minister Mario Monti, Putin also said that Russia supported efforts by the European leaders to stabilize the situation.”

Read the full article →

European Union Commission President Barroso to meet with Greek Prime Minister Samaras on Thursday

July 24, 2012

“Barroso’s trip will coincide with a visit by EU/IMF inspectors to assess whether Athens deserves to receive more payments under the 130 billion euro rescue program, as speculation mounts that it could be forced to quit the euro zone.”

Read the full article →

Downgrade of Italy’s credit rating triggers a sell-off of Italian bonds

July 17, 2012

“Prices on Italian government inflation-linked debt dipped before the weekend as a two-notch downgrade by Moody’s Investors Service kicked the sovereign out of a key Barclays index – and dealers expect a new issue of inflation bonds, planned for the end of this month, to be cancelled.”

Read the full article →

European Union Leaders reprimand Romanian Prime Minister Victor Ponta for failing to protect the rule of law & democratic institutions

July 12, 2012

“Ponta is in Brussels to defend his campaign to oust President Traian Basescu, which has drawn fire from Brussels for using measures they say are at odds with constitutional checks and balances.”

Read the full article →

Greek Prime Minister Antonis Samaras outlines his government’s policy plan: renegotiating bailout terms and accelerating structural reforms

July 8, 2012

“He stressed that any changes to the stability and growth program launched in 2010 in exchange of multi-billion euro bailout packages by European counterparts and International Monetary Fund will be made through dialogue with lenders and not unilaterally.”

Read the full article →
Page 5 of 25« First...34567...1020...Last »