The first vice president of the European Bank for Reconstruction and Development says the world has waited too long before attempting to resolve the Greek economic crisis. In an exclusive interview with the Voice of America’s Ukrainian Service, Varel Freeman said decisive action earlier would have helped to reach consensus on appropriate solutions. He said […]
Euro R&D Bank: World Slow To Resolve Greek Crisis
Posted September 28th, 2011 at 4:31 pm (UTC-5)
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Germany, France Call for Common Eurozone Economic Government
Posted August 16th, 2011 at 1:35 pm (UTC-5)
The leaders of Germany and France are calling for a common economic government for the 17 nations that employ the euro currency and said all the countries should approve laws by the middle of next year requiring mandatory balanced budgets. After meeting in Paris Tuesday, French President Nicolas Sarkozy said he and German Chancellor Angela […]
European Economic Growth Slows Markedly
Posted August 16th, 2011 at 11:50 am (UTC-5)
Economic growth slowed markedly in the April-to-June period in the 17-nation European bloc that employs the common euro currency, stoking new fears of another global recession. The European Union reported Tuesday that the economy in the euro region grew just two-tenths of one percent in the second quarter, a quarter of the rate in the […]
European Economic Growth Slows Markedly
Posted August 16th, 2011 at 9:40 am (UTC-5)
Economic growth slowed markedly in the April-to-June period in the 17-nation European bloc that employs the common euro currency, stoking new fears of another global recession. The European Union reported Tuesday that the economy in the euro region grew just two-tenths of one percent in the second quarter, a quarter of the rate in the […]
Sarkozy, Merkel to Discuss Eurozone Debt Crisis
Posted August 16th, 2011 at 3:35 am (UTC-5)
The leaders of Germany and France will meet in Paris on Tuesday to discuss the debt crisis sweeping the 17-nation eurozone. German Chancellor Angela Merkel and French President Nicolas Sarkozy are expected to discuss ways to improve economic governance in an effort to convince investors that European governments are doing enough to contain the crisis. […]
ECB Spends $32 billion to Back Italy, Spain
Posted August 15th, 2011 at 3:15 pm (UTC-5)
The European Central Bank says it spent almost $32 billion on government debt last week to prop up the bond markets of Spain and Italy. The news comes just one day before the leaders of Germany and France meet in Paris to discuss the debt crisis sweeping the 17-nation eurozone. Both German Chancellor Angela Merkel […]
