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Posts tagged with "Euro Crisis"

Spanish Economy Woes

Spanish Economy Woes

Apr. 25 | Spains economic issues have deepened as it finds itself the holder of an unenviable record with regards to its national unemployment figures. The unemployment rate in Spain now stands at 27.2%, the highest figure in decades. Whilst the bond market pressure...

Record High For Eurozone Unemployment

Record High For Eurozone Unemployment

Apr. 2 | Unemployment levels in the eurozne now stand at the highest levels since the introduction of the single currency. The figure is now at 12% with an estimated 19 million people unemployed. The figure is up 33,000 from last month. Currently the countries...

Greek Credit Upgrade

Greek Credit Upgrade

Dec. 19 | International rating agency Standard and Poor have upgraded Greece’s credit rating to B- -, its highest rating since 2011. Standard and Poor said the upgrade was a reflection of the overall view within the eurozone that Greece should remain within...

Greek Debt Deal Agreed

Greek Debt Deal Agreed

Nov. 28 | After two previously failed attempts, it was a case of third time lucky as EU finance ministers meeting in Brussels came to an agreement on a programme for Greek debt reduction which will now allow it to access the tranche of funding that has been on...

Rehn Urges Greek Agreement

Rehn Urges Greek Agreement

Nov. 26 | As eurozone finance ministers meet in Brussels to find a consensus on the bailout fund package for Greece, EU Economic and Monetary Affairs Commissioner Olli Rehn has stressed the importance of finding a solution. Mr Rehn urged ministers to bring talks...

Monti Unpopular With Italians

Monti Unpopular With Italians

Nov. 16 | As the clean broom which swept Italian politics last year, the government of Mario Monti has divided opinion in Italy one year on. A meager 22% 0f Italians would like to see technocrat Prime Minister Monti back at the helm next year. Even though he has...

Greek Deadline Looms

Greek Deadline Looms

Nov. 12 | With statements that his country will potentially begin to run out of money as soon as this week, these are tense days for Greek Prime Minister Antonis Samaras. The latest round of highly unpopular austerity measures barely made it though the Greek parliament,...

Key EU Greece Report Due Monday

Key EU Greece Report Due Monday

Nov. 9 | As time ticks down for Greece towards its November refunding deadline, a critical International Monetary Fund, European Central Bank and European Commission report due on Monday will determine its short term future. Greece will officially run out of...

British MP Sounds Euro Warning

British MP Sounds Euro Warning

Oct. 15 | Liberal Democrat Business Secretary Vince Cable has warned of the potential consequences for Europe should the single currency fail. Speaking during an event at the Cheltenham Literature Festival, Mr Cable said that there would be “incalculable”...

Greek Coffers Empty By November

Greek Coffers Empty By November

Oct. 5 | Speaking in an interview with a German newspaper Greek Prime Minister Antonis Samaras has said that his country will have depleted its funds by the end of November if it does not receive the next tranche of international bailout funding, up to €31...