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Greece: ‘Alarming’ New Information About Its Economy

Posted July 3rd, 2012 at 11:15 am (UTC-5)
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Greece says its recession is deepening and will present “alarming” information about the state of the country’s economy this week to international auditors in a new effort to ease the terms of the government’s latest bailout. A government spokesman described the economic data as “astounding” in a television interview Tuesday, but gave no details. He […]

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Eurozone Jobless Rate Hits Record as Manufacturing Contracts

Posted July 2nd, 2012 at 11:15 am (UTC-5)
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Twin reports are showing new economic weakness in the 17-nation euro currency bloc, with the jobless rate reaching a record level and manufacturing activity unchanged at a three-year low. The European Union said Monday the eurozone’s unemployment rate edged up in May to 11.1 percent, the highest rate since the euro was launched in 1999. […]

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Eurozone Jobless Rate Hits Record as Manufacturing Contracts

Posted July 2nd, 2012 at 10:15 am (UTC-5)
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Twin reports are showing new economic weakness in the 17-nation euro currency bloc, with the jobless rate reaching a record level and manufacturing activity unchanged at a three-year low. The European Union said Monday the eurozone’s unemployment rate edged up in May to 11.1 percent, the highest rate since the euro was launched in 1999. […]

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Spain Warns of Increasing Debt Costs

Posted June 27th, 2012 at 2:45 pm (UTC-5)
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With Spain’s economy sliding at a faster pace, Prime Minister Mariano Rajoy is warning that the government will not be able to sustain its high borrowing costs for much longer. Mr. Rajoy told parliament Wednesday that European leaders need to adopt strong banking and fiscal ties when they hold a two-day summit, starting Thursday in […]

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EU Court Upholds Fine in Microsoft Antitrust Ruling

Posted June 27th, 2012 at 12:10 pm (UTC-5)
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A European Court has upheld a massive fine against computer software giant Microsoft, ending a decade-long antitrust case. In a ruling Wednesday, judges at the European Union General Court rejected Microsoft’s request to dismiss a $1.3 billion fine imposed against it by the European Commission for defying an earlier order to share data with rivals. […]

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Spain Warns of Increasing Debt Costs

Posted June 27th, 2012 at 11:25 am (UTC-5)
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With Spain’s economy sliding at a faster pace, Prime Minister Mariano Rajoy is warning that the government will not be able to sustain its high borrowing costs for much longer. Mr. Rajoy told parliament Wednesday that European leaders need to adopt strong banking and fiscal ties when they hold a two-day summit, starting Thursday in […]

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Spain Warns of Increasing Debt Costs

Posted June 27th, 2012 at 10:35 am (UTC-5)
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With Spain’s economy sliding at a faster pace, Prime Minister Mariano Rajoy is warning that the government will not be able to sustain its high borrowing costs for much longer. Mr. Rajoy told parliament Wednesday that European leaders need to adopt strong banking and fiscal ties when they hold a two-day summit, starting Thursday in […]

Tags: , , Posted in Economy

French President Pledges Support For Burma’s Democratic Transition

Posted June 26th, 2012 at 7:30 pm (UTC-5)
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French President Francois Hollande on Tuesday assured visiting Burmese opposition leader Aung San Suu Kyi that France will do everything possible to support Burma’s democratic transition. ) “We support all the efforts that could be taken for the success of this transition. And France must be at the service of democracy. Everything that can be […]

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Key European Leaders Call for Tighter Financial Control

Posted June 26th, 2012 at 3:40 pm (UTC-5)
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Key European leaders are calling for much tighter central control of spending by the 17 countries that use the euro in the latest effort to resolve the continent’s unrelenting debt crisis. Four officials produced the plan Tuesday — European Council President Herman Van Rompuy, European Commission President Jose Manuel Barroso, Eurogroup President Jean-Claude Juncker and […]

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Aung San Suu Kyi Urges France to Support Burma

Posted June 26th, 2012 at 2:25 pm (UTC-5)
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Burma’s opposition leader Aung San Suu Kyi has asked France to support her country’s fragile democratic movement. During a visit to Paris Tuesday, she told reporters that it is very important to make the country’s powerful military understand that democracy is for the good of everyone in Burma, not only one segment of society. The […]

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