APExpress 4 – 11/2/2011 4:31:00 PM – AP-APTN-2030: France G20 Arrivals 2 French President Nicolas Sarkozy and German Chancellor Angela Merkel say Greece will receive no more European bailout aid until it fulfills its commitments to the eurozone. The two leaders made the announcement Wednesday in Cannes after a meeting with Greek Prime Minister George […]
EU Leaders: No Bailout For Greece Until It Fulfills Commitments
Posted November 2nd, 2011 at 7:45 pm (UTC-5)
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IMF Chief Urges EU Leaders to Proceed With Financial Recovery Plan
Posted November 2nd, 2011 at 6:05 pm (UTC-5)
APExpress 4 – 11/2/2011 4:31:00 PM – AP-APTN-2030: France G20 Arrivals 2 International Monetary Fund director Christine Lagarde has urged European Union leaders to stick to the agreed plan to deal with the eurozone crisis despite Greece’s decision to hold a referendum on the issue. Lagarde said she had seen a real determination among European […]
Fed Grows Gloomier on US Growth and Unemployment
Posted November 2nd, 2011 at 4:30 pm (UTC-5)
Top officials of the U.S. central bank are predicting “moderate” growth for the U.S. economy, but caution that expansion will be slower and unemployment worse than estimates they published in June. Federal Reserve Chairman Ben Bernanke says the downbeat reports are one reason that he and many other Americans are disappointed with the economy’s performance. […]
US Fed Chief Bernanke Comments On Europe Debt Turmoil
Posted November 2nd, 2011 at 4:15 pm (UTC-5)
U.S. Federal Reserve Chairman Ben Bernanke on Wednesday acknowledged the impact of Europe’s debt turmoil on the U.S. economy. BEN BERNANKE, FEDERAL RESERVE CHAIRMAN “Unfortunately we can’t disassociate ourselves from Europe, the things that are happening there do affect us and that’s an unfortunate fact. I hope very much that Europeans will find a set […]
European Leaders Prepare for Showdown on Greek Debt Referendum
Posted November 2nd, 2011 at 3:45 pm (UTC-5)
Key European leaders held strategic talks Wednesday as they prepared for a showdown with Greek Prime Minister George Papandreou over his unexpected call for a referendum on last week’s agreement to contain the continent’s debt contagion. French President Nicolas Sarkozy, German Chancellor Angela Merkel and other European leaders met in Cannes, France, a day before […]
Fed Predicts “Moderate” US Growth & Warns of Risks
Posted November 2nd, 2011 at 1:00 pm (UTC-5)
Top officials of the U.S. central bank say they expect the world’s largest economy to grow at a “moderate” pace in the coming months. Wednesday’s report from the Federal Reserve says consumer spending and business investment have improved, but the job market and the construction sector still have problems. Fed officials also warn of “downside […]
European Leaders Set for Showdown on Greek Debt Referendum
Posted November 2nd, 2011 at 12:25 pm (UTC-5)
European leaders are set for a showdown Wednesday with Greek Prime Minister George Papandreou over his call for a referendum on a debt-relief agreement. French President Nicolas Sarkozy and German Chancellor Angela Merkel summoned the Greek leader to Cannes, France, a day before the G20 summit. Greece is not a member of the group, but […]
US Private Sector Employment Rises
Posted November 2nd, 2011 at 11:35 am (UTC-5)
U.S. private sector payrolls rose 110,000 in October, with much of the gain in the huge services sector of the economy. Wednesday’s report comes from ADP, a company that processes millions of paychecks for businesses across the nation. The data may be a preview of Friday’s closely-watched report on the U.S. unemployment rate, which many […]
European Leaders Set for Showdown on Greek Debt Referendum
Posted November 2nd, 2011 at 9:25 am (UTC-5)
European leaders are set for a showdown Wednesday with Greek Prime Minister George Papandreou over his call for a referendum on a debt-relief agreement. French President Nicolas Sarkozy and German Chancellor Angela Merkel summoned the Greek leader to a meeting in Cannes, France, a day ahead of the start of the Group of 20 world […]
Greek Cabinet Backs Papandreou Plan for Referendum on Debt Plan
Posted November 2nd, 2011 at 6:45 am (UTC-5)
Greek Cabinet ministers have given their support for Prime Minister George Papandreou’s plan to hold a referendum on the European Union debt relief deal. A Greek government spokesman said after a marathon Cabinet meeting early Wednesday that a public vote would come as soon as possible after the details of the latest debt agreement are […]
