European-debt-crisis - Latest News on European-debt-crisis | Read Breaking News on Zee News

Spain's recession to worsen, says minister

Last Updated: Monday, July 02, 2012, 11:56

Spain's economic recession is getting worse, and the economic figures from the second quarter point to a "slightly greater" decline of the gross domestic product than occurred in the first three months of the year, when it slipped by 0.30 percent.

Spain may seek bailout from EU soon

Last Updated: Saturday, June 09, 2012, 11:56

Government officials in various European capitals and EU authorities in Brussels said on Friday evening that they are standing by to act immediately if the Spanish government finally makes a request for EU aid.

Treasurys rise again on European debt jitters

Last Updated: Saturday, April 14, 2012, 09:21

Rising demand for ultra-safe investments pushed the yield on the 10-year Treasury note below 2 percent Friday. The yield has not been that low consistently since late February.

Citi's turnaround plan hits euro crisis speedbump

Last Updated: Wednesday, January 18, 2012, 12:43

The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lacklustre investment banking and trading business.

Japan to enter dollar swap agreement with India: Report

Last Updated: Monday, December 26, 2011, 08:41

The Japanese government is considering a dollar swap arrangement with India to provide emergency liquidity in case the European debt crisis reaches emerging economies, a business newspaper said on Sunday.

Goldman sells $1.1 bn ICBC stake, below expected size

Last Updated: Thursday, November 10, 2011, 08:52

Goldman Sachs Group Inc (GS.N) sold USD1.1 billion of shares in Industrial and Commercial Bank of China Ltd (ICBC) (1398.HK) late on Wednesday, less than originally expected as global markets plunged on concerns of a worsening of the European debt crisis.

Berlusconi won`t run for next elections

Last Updated: Wednesday, November 09, 2011, 11:57

Once Berlusconi resigns, Italian President Giorgio Napolitano will begin political consultations to form a new government.

EU may combine insurance, SPIV to boost euro fund

Last Updated: Tuesday, October 25, 2011, 00:33

Euro zone should combine two proposals for increasing the firepower of its rescue fund.

UK lawmakers say they'll defy govt over Europe

Last Updated: Tuesday, October 25, 2011, 00:17

Prime Minister David Cameron pleaded with Conservative Party lawmakers on Monday to drop their support for a national referendum on Britain leaving the European Union, comparing the bloc and its economic crisis to a house on fire that needs everyone's help.

Banks raise Greek haircut offer to 40% in talks: Source

Last Updated: Sunday, October 23, 2011, 23:34

Bankers have offered to stretch the voluntary haircut on Greek debt to 40 percent, while politicians demand the private sector agree to writedowns of at least 50 percent, senior German banking source said on Sunday.

Switzerland votes amid immigrant, EU debt fears

Last Updated: Sunday, October 23, 2011, 20:39

Switzerland voted on Sunday for a new parliament, with the already dominant far-right SVP hoping to benefit from fears over the eurozone debt crisis as well as its anti-immigration platform.

France seeks to sway German veto on ECB bailout role

Last Updated: Sunday, October 23, 2011, 18:39

France lobbied on Sunday to overcome German opposition to giving the European Central Bank a central role in bolstering the euro zone's bailout fund, arguing it was the only way to draw a definitive line under the widening debt problems.