Tuesday 08 Nov 2011
Greek radio station Skai has reported that Lucas Papademos, the main candidate to replace George Papandreou as Prime Minister, has accepted the position. Earlier today, there were reports that the for... Read More
Tuesday 08 Nov 2011
Jurgen Stark, one of the members of the European Central Bank Executive Board, spoke at a conference in Lucerne (Switzerland) this afternoon and stated that the ECB will not resolve the sovereign debt... Read More
Tuesday 08 Nov 2011
The Italian Prime Minister Silvio Berlusconi has obtained passage of the 2010 budget, with 308 votes out of a total of 628 MPs present today. While the fact that opposition MPs simply opted to abstain... Read More
Tuesday 08 Nov 2011
Umberto Bossi, a key ally of Italian Prime Minister Silvio Berlusconi, and the leader of his coalition partner, Tuesday said he asked the premier to step aside and supported Angelino Alfano, as his po... Read More
Tuesday 08 Nov 2011
The Greek Treasury issued €1.3bn in 6-month bills in an auction this morning. The amount issued matched the official target. Read More
Tuesday 08 Nov 2011
The European Central Bank (ECB) has reported that it purchased peripheral sovereign debt last week to the tune of €9.52 bn, compared to €4.4bn in the previous week. The ECB currently holds debt valued... Read More
Tuesday 08 Nov 2011
The latest foreign trade and current account numbers for Germany were released this morning. In general terms the data has come in better than expected due to the improved trade balance. The data has... Read More
Tuesday 08 Nov 2011
European finance ministers pledged to roll out a bulked-up rescue fund next month, leaving Greece and Italy on the front lines until then in the fight against the debt crisis. Read More
Tuesday 08 Nov 2011
Below, some useful guidelines for today's vote in the Italian parliament provided by economists at Barclays Capital: Read More
Tuesday 08 Nov 2011
In the last few months the Italian government has either backtracked from previous economic reform commitments or some of its coalition members, such as the ‘Northern League’, have shown their clear o... Read More
Tuesday 08 Nov 2011
Crude oil futures rose 1.3% to the highest level since late July after a report showed a sharp increase in Libyan oil production last month. Read More
Monday 07 Nov 2011
German Chancellor Angela Merkel's coalition anounced on Sunday that it plans to cut taxes for the lower and middle class in a symbolic deal that could set the basis for the 2013 electoral campaign. Read More
Monday 07 Nov 2011
The Eurozone's second largest economy announced new austerity measures on Monday afternoon which includes extra savings of €7 billion for 2012 and €11.3 billion for 2013. Read More
Monday 07 Nov 2011
International Monetary Fund managing director Christine Lagarde is visiting emerging countries after last week's G-20 summit opened the door for increased IMF funding in exchange for greater represen... Read More
Monday 07 Nov 2011
After Greece's George Papandreou stepped down in order to form a new coalition government, Italy's Silvio Berlusconi could be the next in line. Read More
Monday 07 Nov 2011
The European Financial Stability Facility (EFSF) announced this morning that it will revive the €3 billion bond issuance that was postponed last week. Read More
Monday 07 Nov 2011
German industrial production contracted at a monthly rate of -2.7% and rose 5.5% annually, according to data released this morning from the Federal office of Statistics. Read More
Monday 07 Nov 2011
Retail sales fell -0.7% on month and -1.5% annually in September according to the data released by Eurostat today, the EU's statistics agency. Read More
Monday 07 Nov 2011
U.S. investment legend Jim Rogers and Quantum fund co-founder with George Soros, sold his N.Y. mansion and moved to Singapore back in December 2007. He initially ruled out moving to Spain because he b... Read More
Monday 07 Nov 2011
France will announce new austerity measures today amounting to €8bn through a mix of spending cuts and new taxes with the aim of bringing its public deficit under control. Read More
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