European leaders are set to discuss new rules for controlling deficits and a proposed bailout fund, as they work to find a solution to the continent’s sovereign debt crisis. The European Union says it expects leaders at its summit Monday in Brussels to sign off on a new permanent rescue fund for countries that use […]
EU Leaders to Discuss Bailout Fund, Deficit Controls
Posted January 30th, 2012 at 7:15 am (UTC-5)
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EU Leaders to Discuss Bailout Fund, Deficit Controls
Posted January 30th, 2012 at 4:20 am (UTC-5)
European leaders are set to discuss new rules for controlling deficits and a proposed bailout fund, as they work to find a solution to the continent’s sovereign debt crisis. The European Union says it expects leaders at its summit Monday in Brussels to sign off on a new permanent rescue fund for countries that use […]
Sarkozy Outlines New Economic Plan
Posted January 29th, 2012 at 5:25 pm (UTC-5)
Embattled French President Nicolas Sarkozy outlined new economic proposals during a broadcast Sunday that observers say was aimed at boosting his poor standing with voters before the April election. Mr. Sarkozy has yet to announce his candidacy. But he is widely expected to seek a second six-year term against Socialist Francois Hollande, who leads public […]
Sarkozy Outlining New Economic Plan
Posted January 29th, 2012 at 11:10 am (UTC-5)
The embattled president of France, Nicolas Sarkozy, is outlining new economic proposals during a broadcast Sunday that observers say is aimed at boosting his poor standing with voters ahead of April’s general election. Though Mr. Sarkozy has yet to announce his candidacy, he is widely expected to face Socialist Francois Hollande, who is polling ahead […]
Sarkozy Outlining New Economic Plan
Posted January 29th, 2012 at 9:25 am (UTC-5)
The embattled president of France, Nicolas Sarkozy, is outlining new economic proposals during a broadcast Sunday that observers say is aimed at boosting his poor standing with voters ahead of April’s general election. Though Mr. Sarkozy has yet to announce his candidacy, he is widely expected to face Socialist Francois Hollande, who is polling ahead […]
Greece “Close” to Debt Swap Deal
Posted January 28th, 2012 at 5:00 pm (UTC-5)
Greece and its private investors say they are close to a deal that would significantly reduce the country’s debt and save it from bankruptcy. Negotiators for the Institute of International Finance, Charles Dallara and Jean Lemierre, met with Greek Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos for three consecutive days in Athens. Venizelos […]
Greece: ‘One Step Away’ from Debt Deal
Posted January 27th, 2012 at 3:15 pm (UTC-5)
Greece says it is “one step away” from completing an agreement with its private creditors to cut $130 billion of its debt. Greek Finance Minister Evangelos Venizelos gave the optimistic assessment of the country’s negotiations with major financial institutions as he and Prime Minister Lucas Papademos started another round of talks late Friday. Greece is […]
European Leaders Optimistic on Greek Debt Deal
Posted January 27th, 2012 at 1:05 pm (UTC-5)
European officials are voicing optimism that Greece will soon complete an agreement with its private creditors to cut $130 billion of its debt. European Union economic chief Olli Rehn told the world’s elite business leaders meeting at the Swiss ski resort of Davos on Friday that Greece is “very close to a deal,” perhaps in […]
US Economy Grew Faster in Late 2011
Posted January 27th, 2012 at 10:10 am (UTC-5)
The U.S. economy, the world’s largest, grew at its fastest pace in a year-and-a-half in late 2011, but questions remain whether the advance will continue in coming months. The U.S. government said Friday the country’s national economic output increased 2.8 percent in the October-to-December period, a bit below the 3 percent estimate economists had projected. […]
Greece to Resume Debt Lowering Talks Friday
Posted January 27th, 2012 at 3:35 am (UTC-5)
Greek officials will resume talks with top bank negotiators Friday aimed at lowering the country’s debt owed international private lenders. Officials close to the negotiations told reporters that progress was made late Thursday during talks, which they said focused on technical and legal issues. Previous talks have failed to resolve what interest rate the large […]
