Belgium is buying a subsidiary of the financially troubled Dexia bank, the first European bank heading towards possible collapse because of the debt crisis. The government says it is paying $5.4 billion for Dexia’s Belgian subsidiary. Members of Qatar’s royal family have already said they would pay $1.4 billion to buy the bank’s Luxembourg division. […]
Belgium Buys Subsidiary of Financially Troubled Dexia Bank
Posted October 10th, 2011 at 4:35 pm (UTC-5)
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Belgium Buys Subsidiary of Financially Troubled Dexia Bank
Posted October 10th, 2011 at 1:40 pm (UTC-5)
Belgium decided Monday to buy a subsidiary of the financially troubled Dexia bank, the first victim of new European worries about the spread of Greece’s debt crisis. The Belgian government said it is paying $5.4 billion to buy the national subsidiary of Dexia. The French, Luxembourg and Belgian governments said they would provide an additional […]
Belgium Buys Subsidiary of Financially Troubled Dexia Bank
Posted October 10th, 2011 at 9:25 am (UTC-5)
Belgium decided Monday to buy a subsidiary of the financially troubled Dexia bank, the first victim of new European worries about the spread of Greece’s debt crisis. The Belgian government said it is paying $5.4 billion to buy the national subsidiary of Dexia. The French, Luxembourg and Belgian governments said they would provide an additional […]
British Study: Suicides, Illnesses Rising in Greece
Posted October 9th, 2011 at 9:00 pm (UTC-5)
A British study says Greece’s economic crisis is taking a huge toll on the country’s health, with an increase in suicides and risky behavior, and a decrease in the number of people seeking medical help. The study in The Lancet medical journal predicts a 52 percent rise in AIDS cases this year because of prostitution […]
France, Germany Promise Lasting Response to Europe Debt Crisis
Posted October 9th, 2011 at 4:45 pm (UTC-5)
France and Germany are promising a “global, lasting and quick response” to the European debt crisis. French President Nicolas Sarkozy and German Chancellor Angela Merkel held emergency talks Sunday in Berlin discussing how to keep the debt crisis from further infecting shaky European banks. The two leaders declined to give any details of their plans, […]
France, Germany Vow ‘Comprehensive Response’ to Debt Crisis by November
Posted October 9th, 2011 at 2:20 pm (UTC-5)
France and Germany are promising a “global, lasting and quick response” to the European debt crisis, with leaders of both countries saying they will present a plan to do so by the end of this month. French President Nicolas Sarkozy spoke Sunday in Berlin, alongside German Chancellor Angela Merkel. The two leaders were holding emergency […]
Israeli Cabinet Approves Economic Reforms
Posted October 9th, 2011 at 12:50 pm (UTC-5)
Israel’s Cabinet has approved steps to lower the cost of living, in response to protests by tens of thousands of Israelis demanding economic reforms. The proposals, recommended by a committee appointed by Prime Minister Benjamin Netanyahu earlier this year, passed with about two-thirds of the Cabinet voting in favor of them. They focus on increasing […]
Spain, Italy Credit Ratings Are Downgraded
Posted October 7th, 2011 at 2:30 pm (UTC-5)
The credit ratings of Italy and Spain, with Europe’s third and fourth largest economies, have been cut, mostly on fears that the continent’s debt crisis could cause new financial problems for the two countries. Fitch Ratings said Friday it has cut Italy’s credit standing one notch , with a negative outlook, meaning it could be […]
Ireland Aiming to Be First to Exit Its International Bailout
Posted October 7th, 2011 at 12:00 pm (UTC-5)
Irish Prime Minister Enda Kenny says Ireland is aiming to be the first to exit its international bailout and resume financing its government operations on its own. Mr. Kenny told an international economic forum Friday in Dublin that Ireland is recovering and will soon no longer have to rely on foreign assistance. He said financial […]
US Economy Gains 103,000 Jobs
Posted October 7th, 2011 at 9:50 am (UTC-5)
The U.S. economy had a net gain of 103,000 jobs in September, but that was not enough to cut the unemployment rate from 9.1 percent. Friday’s report from the Labor Department said the job gains came largely in the private sector, particularly in health care. The monthly job gains were stronger than most economists had […]
