The European Union says it is set to ease the strict austerity conditions of Greece’s financial bailout, possibly agreeing to changes in the rescue package in the next few months. With Greece on the verge of forming a new coalition government after Sunday’s parliamentary elections, one EU official anonymously said given the country’s worsening economic […]
EU Set to Ease Greek Bailout Terms
Posted June 19th, 2012 at 11:25 am (UTC-5)
The European Union says it is set to ease the strict austerity conditions of Greece’s financial bailout, possibly agreeing to changes in the rescue package in the next few months. With Greece on the verge of forming a new coalition government after Sunday’s parliamentary elections, one EU official anonymously said given the country’s worsening economic […]
EU Set to Ease Greek Bailout Terms
Posted June 19th, 2012 at 10:15 am (UTC-5)
The European Union says it is set to ease the strict austerity conditions of Greece’s financial bailout, possibly agreeing to changes in the rescue package in the next few months. With Greece on the verge of forming a new coalition government after Sunday’s parliamentary elections, one EU official anonymously said Tuesday that with the country’s […]
India Holds Interest Rates Steady, Despite Slowing Growth
Posted June 18th, 2012 at 10:45 am (UTC-5)
India’s central bank kept interest rates unchanged Monday in a bid to curb inflation, despite pressure to cut rates to spur lagging economic growth. The Reserve Bank kept the rate at 8 percent, and the cash reserve rate for banks at 4.75 percent. The bank said a further rate cut could make inflation worse. It […]
Financial, Political Uncertainty Grips Europe
Posted June 15th, 2012 at 10:10 am (UTC-5)
Financial and political uncertainty is gripping Europe, with new evidence of its economic slump and contentious parliamentary elections Sunday in Greece centered on its fate in the euro currency bloc. The chief of the European Central Bank, Mario Draghi, warned Friday that the 17-nation eurozone faces “serious downside risks,” mostly because of “heightened uncertainty.” He […]
Obama, Romney Spar on Economy in Battleground State of Ohio
Posted June 14th, 2012 at 2:50 pm (UTC-5)
U.S. President Barack Obama said Thursday that the 2012 presidential election is about creating middle class jobs, while Mitt Romney, the likely Republican nominee, criticized the president for failing to revive the sluggish U.S. economy. The two men delivered major speeches on the economy in the battleground state of Ohio. Mr. Obama, speaking at a […]
Obama, Romney to Visit Crucial Battleground State of Ohio
Posted June 14th, 2012 at 7:30 am (UTC-5)
U.S. President Barack Obama and Mitt Romney, the likely Republican presidential nominee, will travel to Ohio Thursday to deliver major speeches about their views on the sluggish U.S. economy. Mr. Obama will appear at a community college in Cleveland, where he is expected to argue that Romney’s plans to extend tax breaks to the wealthiest […]
Investors Jolt Spanish, Italian Debt Costs
Posted June 12th, 2012 at 11:20 am (UTC-5)
Europe’s governmental debt crisis is deepening, with Spain’s borrowing costs reaching their highest point since the launch of the euro currency 13 years ago. European governments agreed to a $125 billion bailout for Spanish banks over the weekend, but investors have shown little regard for the rescue package. The Fitch financial services firm downgraded the […]
Investors Jolt Spanish, Italian Debt Costs
Posted June 12th, 2012 at 10:10 am (UTC-5)
Europe’s governmental debt crisis is deepening, with borrowing costs for both Spain and Italy increasing again on Tuesday. European governments agreed to a $125 billion bailout for Spanish banks over the weekend, but investors have shown little regard for the rescue package. The interest rates for Spanish and Italian government bonds both topped 6 percent, […]
Spanish PM Hails Bank Rescue Plan
Posted June 10th, 2012 at 11:15 am (UTC-5)
Spanish Prime Minister Mariano Rajoy has welcomed a European financial lifeline of up to $125 billion to rescue his country’s failing banks. Mr. Rajoy told reporters Sunday that efforts by his center-right government had prevented a wider state bailout and that the assistance his country is receiving is different than that received by Greece, Ireland […]
