The German economy will probably avoid a recession even as orders from its main euro-area trading partners slump during the debt crisis, two economic institutes that advise Chancellor Angela Merkel’s government sa...
Tuesday, 20 December 2011
Friday, 16 December 2011
Europe Rescue Fund to Remove Clause on Euro Breakup
(REUTERS) Europe's EFSF temporary rescue fund will remove a provision providing for the break up of the euro from initial drafts of its latest bond prospectus, a source at the fund said on Friday, a move that underlines the growing sensitivity of the issue for EU officia...
Sunday, 11 December 2011
Same-sex marriage: US-based Nigerians condemn Obama
By Punch On The Web
States-based Nigerians, many of whom voted for President Barack Obama, have risen in stout defence of the recently passed Nigerian Senate bill banning same-sex marriage. The Nigerian are concerned that while President Obama and the US government are opposing the same-sex ban in Nigeria, majority of states in the US have yet to recognise same-sex marriage....
Friday, 9 December 2011
Wary European CEOs Move Cash to Germany
By BloombergeGrupo Gowex (GOW), a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it expects Spain to exit the euro. German machinery maker GEA Group AG is setting maximum amounts held at any one ba...
Cameron Blamed For EU Treaty Deal Collapse
By: Sky News David Cameron is being blamed for the failure of the European Union to agree a new treaty to solve the economic crisis in the eurozone.
French President Nicolas Sarkozy said the Prime Minister's demands for concessions to protect Britain's financial sector were "unacceptable"....
Wednesday, 7 December 2011
France Vows Powerful Summit Deal, Germany Downbeat
By Reuters
Pessimistic comments from EU paymaster Germany and new figures exposing growing stress among Europe's banks took the shine off financial market hopes of a turning point in the euro zone debt crisis at a summit this wee...
Stocks Flat as Banks Offset EU Summit Jitters
By: JeeYeon Park
CNBC.com Writer
Stocks erased their early losses and struggled to turn higher in thin trading Wednesday but gains were limited as investors remained cautious ahead of a key EU summit at the end of the week.&nbs...
Sunday, 4 December 2011
Decision time for EU, with euro's future at stake
(Reuters) - The euro faces a decisive week as European Union leaders, urged on anxiously by the United States, seek agreement on the definitive rescue plan that has eluded them for two years....
Expelled Iran diplomats arrive home in Tehran
A group of Iranian diplomats who were expelled from Britain have arrived back in Tehran.
A group of supporters chanting slogans such as "Death to Britain" were at the airport to greet them but the diplomats were hustled away by back corridors. The 25 diplomats were expelled after hundreds of protesters attacked the UK embassy in Tehran on Tuesday....
Sunday, 27 November 2011
ECB open-sesame
The battle for the euro zone’s survival hinges on finding a way to unlock the European Central Bank’s firepower. Even if countries such as Italy and Spain implement necessary reforms, they may not be able to borrow at reasonable rat...
