Hungary is bowing to European Union demands that it change several of its laws that called into question the independence of its central bank, the judiciary and media. Hungary’s dispute with the EU threatened to derail the eastern European nation’s bid to secure a $25 billion credit line from the EU and the International Monetary […]
Hungary Bows to EU Demands on Disputed Laws
Posted January 20th, 2012 at 12:40 pm (UTC-5)
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Hungary Bows to EU Demands on Disputed Laws
Posted January 20th, 2012 at 10:40 am (UTC-5)
Hungary is bowing to European Union demands that it change several of its laws that called into question the independence of its central bank, the judiciary and media. Hungary’s dispute with the EU threatened to derail the eastern European nation’s bid to secure a $25 billion credit line from the EU and the International Monetary […]
Growing Worries Cast Shadow Over Eurozone
Posted January 18th, 2012 at 1:15 pm (UTC-5)
European leaders are again trying to face down doubts they can overcome the eurozone debt crisis, as a growing unease spreads across the continent. Thousands of protesters took to the streets of Paris and Athens Wednesday, angry over government proposals intended to try to jump-start the French and Greek economies. In Athens, where government officials […]
Investors Flock to European Debt Offerings
Posted January 17th, 2012 at 11:10 am (UTC-5)
Investors ignored the credit downgrades for European governments on Tuesday and rushed to buy notes offered by debt-ridden Spain and Greece, as well as bonds sold by the eurozone’s bailout fund. One of the world’s three main credit rating companies, Standard & Poor’s, downgraded the credit standing of nine European countries and the bailout fund […]
Eurozone Sees Drop In December Inflation Rate
Posted January 17th, 2012 at 6:35 am (UTC-5)
The eurozone saw a slightly larger than expected drop in the December inflation rate, down to 2.7 percent. Eurostat, the European Union’s statistics office, predicted the December rate would drop to 2.8 percent from November’s rate of 3 percent for the 17 eurozone member nations. The Eurozone Central Bank has a target of less than […]
European Financial Markets Shrug at Credit Downgrades
Posted January 16th, 2012 at 2:00 pm (UTC-5)
European financial markets appeared largely indifferent Monday to last week’s credit downgrades for France and eight other European countries, in part because investors had assumed for a while their ratings would be cut. Europe’s main stock exchanges in London, Paris and Frankfurt traded in a narrow range Monday, fluctuating with small gains and losses before […]
European Financial Markets Shrug at Credit Downgrades
Posted January 16th, 2012 at 1:35 pm (UTC-5)
European financial markets appeared largely indifferent Monday to last week’s credit downgrades for France and eight other European countries, in part because investors had assumed for a while their ratings would be cut. Europe’s main stock exchanges in London, Paris and Frankfurt traded in a narrow range Monday, fluctuating with small gains and losses before […]
European Financial Markets Shrug at Credit Downgrades
Posted January 16th, 2012 at 10:15 am (UTC-5)
European financial markets appear largely indifferent to last week’s credit downgrades for France and eight other European countries, in part because investors had assumed for a while their ratings would be cut. Europe’s main stock exchanges in London, Paris and Frankfurt traded in a narrow range Monday, fluctuating with small gains and losses. But earlier […]
S&P: Rising Risk of Recession in the Eurozone
Posted January 14th, 2012 at 2:05 pm (UTC-5)
Credit-rating firm Standard and Poor’s says the risk of recession in the eurozone is rising as European leaders fail to agree on a solution to the economic crisis. S&P outlined its decision to downgrade the credit ratings of nine European countries during a teleconference with reporters on Saturday. S&P credit analyst Moritz Kraemer said S&P […]
Merkel: “Long Road” Ahead for European Economic Recovery
Posted January 14th, 2012 at 8:10 am (UTC-5)
(New head, information grafs 1-2)) German Chancellor Angela Merkel says the downgrading of credit ratings of nine European countries shows that the European Union has a “long road” ahead to restore investor confidence. She spoke to reporters Saturday in the northern German city of Kiel. She said the downgrade was not a surprise and said […]
