The leaders of the euro currency bloc’s four biggest economies have, for the first time, agreed to support new spending to try to boost the region’s stagnant economic fortunes. After meeting in Rome, German Chancellor Angela Merkel, French President Francois Hollande, Italian Prime Minister Mario Monti and Spanish Prime Minister Mariano Rajoy agreed Friday to […]
Key Euro Leaders Call for Economic Growth Spending
Posted June 22nd, 2012 at 3:15 pm (UTC-5)
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Key Euro Leaders Call for Economic Growth Spending
Posted June 22nd, 2012 at 1:00 pm (UTC-5)
The leaders of the euro currency bloc’s four biggest economies have, for the first time, agreed to support new spending to try to boost the region’s stagnant economic fortunes. After meeting in Rome, German Chancellor Angela Merkel, French President Francois Hollande, Italian Prime Minister Mario Monti and Spanish Prime Minister Mariano Rajoy agreed Friday to […]
Euro’s Key Leaders Seeking Debt Consensus
Posted June 22nd, 2012 at 10:25 am (UTC-5)
The leaders of Germany, France, Italy and Spain are meeting in Rome in a new effort to try to tame the debt crisis in the euro currency bloc and jolt its economy. German Chancellor Angela Merkel, French President Francois Hollande, Italian Prime Minister Mario Monti and Spanish Prime Minister Mariano Rajoy were seeking some consensus […]
Euro Finance Chiefs Weighing Greek Debt Relief
Posted June 21st, 2012 at 7:45 pm (UTC-5)
Eurozone finance officials discussed ways of easing financial woes in Greece and Spain at a meeting in Luxembourg Thursday. Athens is asking for easing the terms of its $168-billion international rescue package it secured earlier this year on the promise to adopt strict austerity measures to reduce its debt. Greece’s second bailout in two years […]
Euro Finance Chiefs Weighing Greek Debt Relief
Posted June 21st, 2012 at 1:15 pm (UTC-5)
Eurozone finance chiefs are weighing whether to ease the terms of Greece’s latest bailout. Meeting in Luxembourg, finance ministers from Germany, the Netherlands and Finland are likely to balk at easing austerity measures Athens pledged to adopt earlier this year when it secured a $168-billion international rescue package. It was Greece’s second bailout in two […]
Euro Finance Chiefs Weighing Greek Debt Relief
Posted June 21st, 2012 at 11:10 am (UTC-5)
Eurozone Finance chiefs are weighing whether to ease the terms of Greece’s latest bailout. Meeting in Luxembourg, finance ministers from Germany, the Netherlands and Finland are likely to balk at easing austerity measures Athens pledged to adopt earlier this year when it secured a $168-billion EU rescue package. It was Greece’s second bailout in two […]
Euro Finance Chiefs Weighing Greek Debt Relief
Posted June 21st, 2012 at 10:10 am (UTC-5)
Finance chiefs from Europe’s currency bloc are in Luxembourg to start weighing whether to ease the terms of Greece’s latest bailout. Some European officials have acknowledged debt-ridden Greece will need more leeway to advance its economy, now in the fifth year of a recession, and achieve a budget surplus. But finance ministers from Germany, the […]
US Central Bank Sees Slower Economic Growth
Posted June 20th, 2012 at 3:45 pm (UTC-5)
The U.S. central bank says it sees the American economy growing at a slower pace than it thought just two months ago, and that the country’s jobless rate will remain high through 2014. The Federal Reserve said Wednesday that it now expects the economy, the world’s largest, will advance a maximum of 2.4 percent this […]
US Central Bank Extends Stimulus Measure to Spur Economy
Posted June 20th, 2012 at 1:35 pm (UTC-5)
The U.S. central bank has decided to extend one of its stimulus measures in a new effort to boost the country’s sluggish economy. Federal Reserve policy makers decided Wednesday to expand a program to replace short-term government bonds with longer-term notes, shifting another $267 billion through the end of 2012. The central bank said the […]
New Greek Government Seeking Bailout Relief
Posted June 20th, 2012 at 10:10 am (UTC-5)
The new Greek government is moving quickly to win Europe’s approval for easing the terms of its financial bailout. Socialist leader Evangelos Venizelos, a partner in the fledgling coalition government, said the meeting of the continent’s finance ministers on Thursday in Luxembourg “will be the first big battle” on revising the $168 billion bailout Greece […]
