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Italy, Spain Face Soaring Borrowing Rates

Posted August 3rd, 2011 at 10:10 am (UTC-5)
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Borrowing rates in Italy touched a new euro-era high Wednesday, raising concerns the continent’s third-largest economy could be on the verge of a Greek-style financial crisis. In a volatile day of trading, Italy saw its 10-year borrowing rates soar above 6 percent. Prime Minister Silvio Berlusconi is scheduled to address the Italian parliament on the […]

Tags: , , Posted in Economy, Europe

Japanese Lawmakers Pass Fukushima Compensation Plan

Posted August 3rd, 2011 at 6:25 am (UTC-5)
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The Japanese parliament has approved a plan to compensate the victims of the Fukushima Daiichi nuclear plant disaster. The legislation creates a special fund that Fukushima owner and operator Tokyo Electric Power Company will use to pay reparations to tens of thousands of residents forced to evacuate a 20-kilometer area surrounding the plant. The fund […]

French, German Leaders Seeking Greek Debt Plan

Posted July 20th, 2011 at 10:10 am (UTC-5)
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The leaders of France and Germany are hoping to forge a plan to help keep the debt-ridden Greek government from defaulting on its loans. French President Nicolas Sarkozy is traveling to Berlin Wednesday for a hastily arranged meeting with German Chancellor Angela Merkel, one day ahead of Thursday’s emergency European summit in Brussels. The agenda […]

Tags: , , Posted in Europe

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