Spain’s prime minister has announced a package of spending cuts and higher taxes that he says will save the country $80 billion by the end of 2014. Prime Minister Mariano Rajoy unveiled the austerity plan to lawmakers Wednesday, saying the country is at a “crucial” moment and must end its budget crisis as soon as […]
Spanish PM Unveils $80 Billion Austerity Plan
Posted July 11th, 2012 at 6:05 am (UTC-5)
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Euro Finance Ministers Agree to $37 Billion for Spanish Banks
Posted July 10th, 2012 at 1:25 pm (UTC-5)
Eurozone finance ministers have agreed to a $37 billion bailout for Spain’s ailing banks. Eurogroup President Jean-Claude Juncker said Tuesday the money should be available by the end of the month pending final approval of the deal. Spain has asked for $125 billion in aid as its borrowing costs have soared. Officials said Tuesday the […]
Euro Finance Ministers Agree to $37 Billion for Spanish Banks
Posted July 10th, 2012 at 3:25 am (UTC-5)
Eurozone finance ministers have agreed to a $37 billion bailout for Spain’s ailing banks. Eurogroup President Jean-Claude Juncker said Tuesday the money should be available by the end of the month pending final approval of the deal. Spain has asked for $125 billion in aid as its borrowing costs have soared. Officials said Tuesday the […]
Stocks, Oil Prices Fall with New Jobs Report
Posted July 6th, 2012 at 7:30 pm (UTC-5)
U.S. stocks fell nearly 1 percent, the euro fell to a two-year low and oil prices tumbled more than 3 percent Friday, as new jobs data showed U.S. unemployment stuck at 8.2 percent. The Labor Department’s monthly unemployment report showed the economy adding just 80,000 new jobs in June — far fewer than what is […]
Greek PM Wants to Alter, Delay Austerity Plan
Posted July 6th, 2012 at 3:40 pm (UTC-5)
Greek Prime Minister Antonis Samaras says the country needs to alter some parts of its austerity spending plan so that it can try to emerge from its deep recession. Mr. Samaras told parliament Friday his new coalition government will not seek to escape the pledges it made to the country’s international creditors to impose widespread […]
US Job Growth Weak in June
Posted July 6th, 2012 at 12:40 pm (UTC-5)
The sluggish U.S. labor market added just 80,000 new jobs in June, as the country’s jobless rate stayed at 8.2 percent. Some economists had projected that the American jobs market might regain more strength. But the government reported Friday that the American economy has now added an average of only 75,000 jobs a month over […]
US Job Growth Weak in June
Posted July 6th, 2012 at 11:25 am (UTC-5)
The sluggish U.S. labor market added just 80,000 new jobs in June, as the country’s jobless rate stayed at 8.2 percent. Some economists had projected that the American jobs market might regain more strength. But the government reported Friday that the American economy has now added an average of only 75,000 jobs a month over […]
US Job Growth Weak in June
Posted July 6th, 2012 at 10:50 am (UTC-5)
The sluggish U.S. labor market added just 80,000 new jobs in June, as the country’s jobless rate stayed at 8.2 percent. Some economists had projected that the American jobs market might regain more strength. But the government reported Friday that the American economy has now added an average of only 75,000 jobs a month over […]
US Job Growth Weak in June
Posted July 6th, 2012 at 9:50 am (UTC-5)
The sluggish U.S. labor market added just 80,000 new jobs in June, as the country’s jobless rate stayed at 8.2 percent. Some economists had projected that the American jobs market might regain more strength. But the government reported Friday that the American economy has now added an average of only 75,000 jobs a month over […]
US Job Growth Weak in June
Posted July 6th, 2012 at 8:50 am (UTC-5)
The sluggish U.S. labor market added just 80,000 new jobs in June, as the country’s jobless rate stayed at 8.2 percent. Some economists had projected that the American jobs market might regain more strength, but the number of new jobs was only marginally higher than the anemic 69,000 figure recorded in May. The closely watched […]
