Archive for March, 2012
Europe limited to the minimum reinforcing its anti-crisis firewall
The euro zone agreed on Friday to strengthen its anti-crisis firewall, but well below the expectations of the international community to ensure an eventual rescue an economy the size of Spain, which has become the main concern of the monetary union. In a scuffle Friday in Copenhagen, the ministers of the 17 euro zone countries [...]
Spain: One of the Eurozone Countries most Affected by the Crisis
Spain is one of the 17 eurozone members most affected by the crisis, with record unemployment in industrialized countries, which in late January reached 23.3% according to Eurostat European statistics. DATE OF ENTRY INTO THE EURO AREA: Spain is one of the first countries in the Economic and Monetary Union (EMU), established in 1999, though [...]
Chavez threats to banks and companies that support plans of “violent” opposition
The president of Venezuela, Hugo Chavez, who aspires to re-election in October, on Thursday threatened to expropriate those banks and private companies to support the alleged violent plans, according to him, the opposition gears up for election. Supporters at a rally broadcast on radio and television, Chavez said he is developing “a little list of [...]
India and Brazil join forces to expand their influence on the global stage
The Brazilian president, Dilma Rousseff and Indian Prime Minister Manmohan Singh, today advocated to strengthen the bilateral relationship and increase its weight in international decision making bodies. Rousseff, who is in his first official visit to the Asian giant, and Singh met in the Indian capital and made after a joint appeal for the two [...]
The Hang Seng lost 0.26 percent by the fall in property values
The poor performance of real estate heavyweights did lose to the Hong Kong 0.26 percent, equivalent to 53.81 points, closing today at 20,555.58 units. The turnover stood today in the 73,680 million Hong Kong dollars (about 9,490 million dollars). By subscripts, real estate was down 5 percent and services by 0.14 percent, while trade and [...]
The Eurogroup agreed to strengthen the rescue fund to the 800,000 million
Finance ministers of the euro area today agreed to strengthen the European rescue fund up to 800,000 million euros, including the 300,000 million already committed for bailouts of Greece, Ireland and Portugal, ahead of Austria’s Finance Minister, Maria Fekter. “There is a consensus to raise the roof from the bottom up to 800,000 million euros, [...]
Turkish Prime Minister says that Iran will not Produce Nuclear Weapons
Turkish Prime Minister Recep Tayyip Erdogan, said today on his return from Iran to the Islamic Republic authorities have assured him that the Iranian nuclear program is aimed at producing weapons. Erdogan asked the world, moreover, not to measure with two sticks, also questioned the nuclear weapons program of Israel, according to the Turkish agency [...]
Monti arrives in Beijing to promote Chinese trade with Italy in crisis
Italian Prime Minister, Mario Monti, arrived in China for a four-day official visit, in which the main objective is to promote bilateral trade between the Asian giant and Italy shaken by the crisis. Monti is scheduled to meet in China’s capital with Prime Minister Wen Jiabao and attend the Boao Economic Forum, a gathering of [...]
Greek Prime Minister does not rule out that Greece may need a third package of Aid
The Greek Prime Minister Papadimos Lukas said that although Greece “work hard” maybe you will need a third package of aid, in an interview published today by the Italian financial newspaper “Il Sole 24 Ore.” “Greece will do everything possible to not need a third adjustment program. All depends on the speed and efficiency with [...]
China begins to open the private aviation flights
China begins to open the first private aviation flights, and as he begins to emit signs of relaxing its regulations on the use of airspace under military control, takes steps to support an increasing use of business jets in the country . The vast and mighty promising Chinese market, which began in the sector in [...]
