The European Central Bank is lending a record amount of money to banks in the 17 nations that use the euro in hopes of limiting the widespread effects of the governmental debt crisis. The central bank said Wednesday it would make $638 billion in three-year loans to 523 banks in an effort to encourage them […]
European Central Bank Makes Massive Loans to 523 Banks
Posted December 21st, 2011 at 1:15 pm (UTC-5)
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European Central Bank Makes Massive Loans to 523 Banks
Posted December 21st, 2011 at 11:40 am (UTC-5)
The European Central Bank is lending a record amount of money to banks in the 17 nations that use the euro in hopes of limiting the widespread effects of the governmental debt crisis. The central bank said Wednesday it would make $638 billion in three-year loans to 523 banks in an effort to encourage them […]
Greece Says It Is Close to Deal to Cut Its Debt
Posted December 20th, 2011 at 2:20 pm (UTC-5)
Greece says it is close to a deal with its private creditors that would slash $130 billion of its debt to help it secure a new bailout and avoid defaulting on its loans. Greek Finance Minister Evangelos Venizelos said Tuesday he has personal knowledge of the negotiations, and believes his country is nearing an agreement […]
Eurozone Finance Chiefs Fail to Meet Bailout Fund Goal
Posted December 19th, 2011 at 4:30 pm (UTC-5)
European finance ministers have failed to raise $261 billion to help contain the continent’s governmental debt crisis. Finance chiefs from the 17 nations that use the euro agreed Monday to raise $195 billion from eurozone central banks to help the International Monetary Fund boost its European assistance. But in a conference call, the finance ministers […]
Eurozone Finance Chiefs Seeking Bailout Funds for IMF
Posted December 19th, 2011 at 11:30 am (UTC-5)
European finance ministers are trying to raise more money to fight the continent’s governmental debt crisis. The finance chiefs from the 17 nations that use the euro are meeting Monday via a conference call to try to collect $261 billion in additional funding for the International Monetary Fund to boost its rescue fund. It is […]
Germany’s Merkel: No Simple and Fast Solutions for Euro
Posted December 14th, 2011 at 1:05 pm (UTC-5)
German Chancellor Angela Merkel says there are no easy or fast solutions to Europe’s economic crisis, but the agreement by eurozone countries last week for more fiscal discipline was a good step. Ms. Merkel’s comments at the German parliament came as financial markets indicated continued unease over the Europe debt crisis, driving the value of […]
British PM Defends Veto of EU Treaty Changes
Posted December 12th, 2011 at 5:25 pm (UTC-5)
British Prime Minister David Cameron has defended his decision to block European Union treaty changes aimed at protecting the euro currency. Mr. Cameron told the British parliament Monday that the EU deal, which other members plan to go forward with outside EU auspices, would have damaged Britain’s key financial services industry. He said he went […]
Parcels Containing Bullets, Explosives Found in Italy, France
Posted December 12th, 2011 at 4:30 pm (UTC-5)
Italian authorities said Monday police in Rome discovered two suspicious packages mailed to Italy’s justice minister and the mayor of Rome, in the latest cases of threatening letters sent across Europe in recent days. Authorities said the packages, discovered at Rome postal facilities, contained bullets. They said a group named after a slain Red Brigades […]
Rating Agencies: European Leaders Should Have Done More
Posted December 12th, 2011 at 2:45 pm (UTC-5)
Two international credit rating agencies say Europe’s leaders should have done more to solve the economic crisis growing out of massive government debts. On Friday, all 17 countries that use the euro and many non-euro EU members agreed to a plan that includes more central oversight of countries’ budgets. It is an effort to keep […]
Bullets Mailed to Italy’s Justice Minister, Rome’s Mayor
Posted December 12th, 2011 at 1:25 pm (UTC-5)
Italian authorities say packages containing bullets have been mailed to Italy’s justice minister and the mayor of Rome, in the latest cases of threatening letters sent to European government and banking offices in recent days. Italian police, on the alert for suspicious mail, discovered two packages containing the bullets at Rome postal facilities on Monday. […]
