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Eurozone Economy Barely Advances in Third Quarter

Posted November 15th, 2011 at 11:50 am (UTC-5)
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The eurozone economy barely advanced in the July-to-September period, weighted down by the financial woes in debt-ridden Greece and Italy. The European Union said Tuesday that the economy in the 17-nation bloc that uses the euro currency expanded just two-tenths of one percent in the third quarter, largely supported by bigger growth in the continent’s […]

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Eurozone Economy Barely Advances in Third Quarter

Posted November 15th, 2011 at 10:55 am (UTC-5)
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The eurozone economy barely advanced in the July-to-September period, weighted down by the financial woes in debt-ridden Greece and Italy. The European Union said Tuesday that the economy in the 17-nation bloc that uses the euro currency expanded just two-tenths of one percent in the third quarter, largely supported by bigger growth in the continent’s […]

Tags: , , , Posted in Economy, Europe

New Space Station Crew Begins Journey Into Space

Posted November 14th, 2011 at 1:55 am (UTC-5)
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The new International Space Station crew launched early Monday from a snowy Baikonur Cosmodrome in Kazakhstan. Despite more than 15 centimeters of snow on the ground at the launch facility, the Soyuz spacecraft was free of the technical problems that have plagued the Russian space program in recent months. The new three-man crew, including an […]

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Italian Senate Approves Financial Reforms

Posted November 11th, 2011 at 12:45 pm (UTC-5)
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The Italian Senate has approved new austerity measures, the first step to ease the country’s financial crisis and open the path for the expected resignation of Prime Minister Silvio Berlusconi. The upper house of the Italian Parliament approved the financial reforms Friday, with the lower Chamber of Deputies expected to give its assent on Saturday. […]

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Italian Senate Approves Financial Reforms

Posted November 11th, 2011 at 10:50 am (UTC-5)
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The Italian Senate has approved new austerity measures, the first step to ease the country’s financial crisis and open the path for the expected resignation of Prime Minister Silvio Berlusconi. The upper house of the Italian Parliament approved the financial reforms Friday, with the lower Chamber of Deputies expected to give its assent on Saturday. […]

Tags: , , , Posted in Economy, Europe

New Greek PM Says Country Is at ‘Crucial Crossroads’

Posted November 10th, 2011 at 3:20 pm (UTC-5)
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Greece’s newly named caretaker prime minister, Lucas Papademos, says his country is at a “crucial crossroads” and it won’t be easy to fix the huge problems facing the Greek economy. Greece’s feuding political leaders on Thursday named Mr. Papademos, a former vice president of the European Central Bank, to be the country’s interim leader until […]

Tags: , , , Posted in Economy, Europe

Debt Crisis Hits Global Markets

Posted November 9th, 2011 at 10:55 pm (UTC-5)
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World financial markets took a dive Wednesday into early Thursday despite Italy’s and Greece’s attempts to contain fears fueled by their continued political crises. Stocks were sharply lower in Asian markets Thursday, after a down day in Europe and United States on Wednesday. Italian President Giorgio Napolitano named former European Commissioner Mario Monti a senator […]

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Debt Crisis Hits Global Markets

Posted November 9th, 2011 at 8:05 pm (UTC-5)
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World financial markets took a dive Wednesday into early Thursday despite Italy’s and Greece’s attempts to contain fears fueled by their continued political crises. Stocks were sharply lower in Asian markets Thursday, after a down day in Europe and United States on Wednesday. Italian President Giorgio Napolitano named former European Commissioner Mario Monti a senator […]

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Italy’s President Moves to Calm Financial Markets

Posted November 9th, 2011 at 5:25 pm (UTC-5)
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Italian President Giorgio Napolitano has named former European Commissioner Mario Monti a senator for life. Monti is seen as the Italian president’s only choice to succeed Silvio Berlusconi as prime minister. Monti’s nomination Wednesday is viewed as a sign to reassure financial markets following Mr. Berlusconi’s announcement that he would step down after parliament passes […]

Tags: , , , Posted in Europe

Debt Crisis Hits Markets in Europe, US

Posted November 9th, 2011 at 3:20 pm (UTC-5)
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Major U.S. and European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in New York, London, Paris and Frankfurt all slid about two percent, in part due to the political uncertainty in Athens and Rome. Late […]

Tags: , , , , Posted in Economy

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