Tag: Euro
Italy and the Euro put pressure on the financial markets
Today’s European session saw the FTSE 100 fall after shares in miners like Rio Tinto and others, which are big indicators for the stock index, fell sharply in the wake of softer commodity prices. A predictably poor bond auction for Italy saw rises in some key government bond yields. Italy’s 10-year yield increased by 10 [...]
The Eurozone Will “Significantly” Get Worse In Six Months
The economic situation in the eurozone to six months ahead will be “significantly” worse than the current budget deficits, unemployment and the fall in consumption, according to a survey of experts today advanced by German Ifo economic institute. The poll, “economic climate indicator for the euro area” in the fourth quarter of 2012 notes that [...]
Cameron and Merkel agreed that the EU live up to its potential
British Prime Minister David Cameron and German Chancellor Angela Merkel, met today in London to bring positions on the thorny issue of European budgets and agreed that the EU has to “live according to their possibilities “. Both leaders, who hold opposing positions in relation to the funds of Brussels, believe that “European countries must [...]
The European rescue fund puts € 1,500 million in bonds to 7 years
The European Financial Stability Fund (EFSF) placed an additional EUR 1,500 million in 7-year bonds with a yield of 1.44%, to complete a similar debt issuance initially made on April 24. The bonds, which mature on May 2, 2019, offering a yield of 1.44%, raising the total amount issued to 5,500 million euros, the EFSF [...]
Greece delays its way out of recession through 2014
Greece postpones departure of the “deep recession” facing the country until 2014, when it is expected to register a slight increase of 0.6%, according to the macroeconomic published today by the European Commission (EC). Data managed by the EU executive on Greece, provisional, show that Gross Domestic Product (GDP) will fall 6% this year and [...]
The euro fell against the dollar to its lowest for three weeks
The euro fell today to its lowest since three-week high above $ 1.30 by the worsening debt crisis and the euro area after the U.S. Federal Reserve (Fed) does not bring a new round of purchase debt. The single currency was trading at 16.45 hours GMT to $ 1.3062, up from $ 1.3117 the last [...]
The euro fell more than two cents as a result of the concern for Spain
The euro fell two cents today, to its lowest for two weeks, following the results of the emission of Spanish Treasury debt. The single currency was trading at 16.00 hours GMT to $ 1.3127, up from $ 1.3340 the last hours of European trading the currency market on Tuesday. The ECB today fixed the official [...]
Germany proposes an oversight committee for the entire EU budget
Berlin has proposed to its EU partners the creation of a commission of independent experts to oversee the financial and budgetary policy in the European Union (EU), said the German weekly “Der Spiegel”. The initiative, explained in an internal document of the Ministry of Finance has access to that publication, would reinforce the functions work [...]
The euro zone does his part and now expects a comment from the IMF and G20
The euro area now expected a gesture of G20 countries and the International Monetary Fund (IMF) to continue the fight against the debt crisis, after understanding that fulfilled its part to strengthen its financial rescue mechanism. After intense negotiations, the 17 countries of the Monetary Union agreed on Friday in Copenhagen provided with a “firewall” [...]
The IBEX retrieves 8,000 points by the budgets and bailout fund
The Spanish stock market has recovered 8,000 points today after rising 1.23%, in an intense session that was marked by government budgets and the strengthening of the rescue fund agreed by the Eurogroup. The main indicator of the Spanish market, the IBEX 35 closed at 8,008 points, representing a weekly loss of 3.31%, the second [...]
