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ECB Resumes Bond Purchases to Help Indebted Eurozone Governments

Posted August 4th, 2011 at 1:05 pm (UTC-5)
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The European Central Bank says it has resumed purchases of bonds from indebted governments to help them overcome a debt crisis that some investors fear could draw in big economies like Italy and Spain. ECB President Jean-Claude Trichet said Thursday the bank’s governing council voted in favor of buying more government bonds, but he did […]

ECB Resumes Bond Purchases to Help Indebted Eurozone Governments

Posted August 4th, 2011 at 1:00 pm (UTC-5)
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The European Central Bank says it has resumed purchases of bonds from indebted governments to help them overcome a debt crisis that some investors fear could draw in big economies like Italy and Spain. ECB President Jean-Claude Trichet said Thursday the bank’s governing council voted in favor of buying more government bonds, but he did […]

Tags: , , Posted in Europe

Italy, Spain Face Soaring Borrowing Rates

Posted August 3rd, 2011 at 1:10 pm (UTC-5)
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Borrowing rates in Italy touched a new euro-era high Wednesday, raising concerns the continent’s third-largest economy could be on the verge of a Greek-style financial crisis. In a volatile day of trading, Italy saw its 10-year borrowing rates soar above 6 percent. In a speech to parliament, Prime Minister Silvio Berlusconi said Italy has a […]

Tags: , , , , Posted in Economy, Europe

Italy, Spain Face Soaring Borrowing Rates

Posted August 3rd, 2011 at 10:10 am (UTC-5)
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Borrowing rates in Italy touched a new euro-era high Wednesday, raising concerns the continent’s third-largest economy could be on the verge of a Greek-style financial crisis. In a volatile day of trading, Italy saw its 10-year borrowing rates soar above 6 percent. Prime Minister Silvio Berlusconi is scheduled to address the Italian parliament on the […]

Tags: , , Posted in Economy, Europe

French, German Leaders Seeking Greek Debt Plan

Posted July 20th, 2011 at 10:10 am (UTC-5)
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The leaders of France and Germany are hoping to forge a plan to help keep the debt-ridden Greek government from defaulting on its loans. French President Nicolas Sarkozy is traveling to Berlin Wednesday for a hastily arranged meeting with German Chancellor Angela Merkel, one day ahead of Thursday’s emergency European summit in Brussels. The agenda […]

Tags: , , Posted in Europe

Greece Awaits IMF Loan

Posted June 7th, 2011 at 5:10 am (UTC-5)
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An envoy from the International Monetary Fund says European countries must decide how to plug potential funding gaps for Greece next year before the IMF can release the next batch of loans. The European leaders have tough decisions to make on the issue at a summit late this month.. The next loan payment is an […]

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