German lawmakers have approved a bill to increase the size of a bailout fund for struggling eurozone countries. The lower house of parliament voted to expand the fund to $593 billion dollars on Thursday. The vote was seen as a key test of German Chancellor Angela Merkel’s center-right coalition. The $593 billion figure was agreed […]
German Parliament Approves Bill to Increase Bailout Fund
Posted September 29th, 2011 at 6:46 am (UTC-5)
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EU Calling for More Unity in Debt Crisis
Posted September 28th, 2011 at 5:45 pm (UTC-5)
The European Union is calling for more unity to deal with the continent’s debt crisis. European Commission President Jose Manuel Barroso says the crisis is a test of Europe’s ability to respond to a challenge and more discipline is needed among the 17 nations that use the euro currency. He predicted debt-plagued Greece would remain […]
US Businesses Boost Purchase of Some Long-Lasting Products
Posted September 28th, 2011 at 11:55 am (UTC-5)
U.S. companies ordered more computers, machinery and other long-lasting products in August, a sign businesses are still looking to expand their operations even as the American economic recovery continues at a sluggish pace. The U.S. government said Wednesday that bookings for the manufactured products expected to last at least three years, excluding military hardware and […]
EU Calling for More Unity in Debt Crisis
Posted September 28th, 2011 at 9:46 am (UTC-5)
The European Union is calling for more unity to deal with the continent’s debt crisis, even as economic power Germany heads to a key vote on how much to help financially troubled countries. European Commission President Jose Manuel Barroso said Wednesday the debt crisis is a test of Europe’s ability to respond to a challenge. […]
European Commission Head Calls For More Unification
Posted September 28th, 2011 at 7:16 am (UTC-5)
European Commission head Jose Manuel Barroso called Wednesday for more European unity in light of the EU’s economic crisis. Addressing the European Parliament in Strasbourg, France, Barroso called for a new financial transaction tax. The tax could raise nearly $75 billion annually. Over the last three years, the EU has provided nearly $6.3 trillion in […]
Greece Approves Controversial New Property Tax
Posted September 27th, 2011 at 2:46 pm (UTC-5)
The Greek Parliament approved a controversial new property tax Tuesday, its latest effort to satisfy international creditors that it is committed to cutting its debt to secure a new round of financing next month to avoid a government default. The new tax was announced earlier this month and has deeply angered Greeks already beset by […]
US Housing Sees Annual Decline In Prices
Posted September 27th, 2011 at 1:35 pm (UTC-5)
U.S. housing prices fell more than 4 percent during the 12-month period ending in July. Tuesday’s report from a business research group shows declines in most of the 20 cities where it tracks prices. Comparing July with the previous month, home prices rose slightly, but analysts say the annual figures give a clearer picture of […]
Greece Confident of New Bailout Money
Posted September 27th, 2011 at 12:10 pm (UTC-5)
Greece is voicing new confidence that it will be able to carry out its austerity plan in order to receive more international financial assistance in time to avoid a default next month. Greek Prime Minister George Papandreou told German business leaders Tuesday that his government is making a “superhuman effort” to cut its debt. He […]
US Housing Sees Annual Decline In Prices
Posted September 27th, 2011 at 10:35 am (UTC-5)
U.S. housing prices fell more than 4 percent during the 12-month period ending in July. Tuesday’s report from a business research group shows declines in most of the 20 cities where it tracks prices. Comparing July with the previous month, home prices rose slightly, but analysts say the annual figures give a clearer picture of […]
US Housing Market Sees Annual Decline In Prices
Posted September 27th, 2011 at 9:54 am (UTC-5)
U.S. housing prices fell more than 4 percent during the 12-month period ending in July. Tuesday’s report from a business research group shows declines in most of the 20 cities where it tracks prices. Comparing July with the previous month, home prices rose slightly, but analysts say the annual figures give a clearer picture of […]
