Posted on June 25, 2010 by
Fears of debt default by floundering European economies pose a key risk to the banking system, the Bank of England warned today. Related Stories Proof that public image means nothing to bankers IMF: Long road back for Republic Builders urged not to waste clean soil First quarter car sales ‘buoyant’ BP shares plunge to low as oil spill cost hits £1.6bn
Continue ReadingPosted on June 6, 2010 by
Eurozone banks could face a credit crunch as they compete with governments for funds in coming years, analysts and the European Central Bank say.
Continue ReadingPosted on May 29, 2010 by
Greece will not restructure its debt and will not need more cuts to achieve fiscal targets set in the emergency funding programme it agreed with the European Union and the IMF, its finance minister told a Sunday paper.
Continue ReadingPosted on May 25, 2010 by
If there was a doubt about it, there isnt any more, one analyst said. The European debt crisis is not simply a Greek phenomenon.
Continue ReadingPosted on February 10, 2010 by
Oil prices rose for a third consecutive session Wednesday amid optimism that a rescue plan for Greece and other debt-challenged European nations may be near.
Continue ReadingPosted on February 8, 2010 by
The latest turn in the global financial crisis has ensnared the debt of some European nations. The fact that these nations are members of a monetary union has generated much confused comment. Here one the world’s leading experts on …
Continue ReadingPosted on January 18, 2010 by
Jan. 18 — The cost to borrow in the corporate bond market is rising for the first time since November as Barclays Plc, Lloyds Banking Group Plc and more than a dozen other European banks sell record amounts of fixed-income securities to refinance $2 trillion of debt due this year.
Continue ReadingPosted on January 5, 2010 by
Jan. 5 — German 10-year bunds declined before this week’s debt auctions as reports showed German unemployment unexpectedly fell and European consumer prices increased.
Continue ReadingPosted on October 7, 2009 by
The European Union launched action against nine countries on Wednesday over excessive debt levels which have now engulfed 20 of the bloc’s 27 nations.
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