Tag: Eurogroup
The Euro strengthens to 700,000 million to the bailout fund
The Eurogroup agreed today to reinforce the 700,000 million euros its rescue fund, which has fallen below the expectations of the IMF, the G-20 and OECD, which called for a billion euros, but very much in line with Germany approaches, advocate a limited increase. Austrian Finance Minister Maria Fekter, said that only 500,000 million fund [...]
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, [...]
Monti and Merkel meet in Rome to discuss the European situation
German Chancellor Angela Merkel and Italian Prime Minister, Mario Monti, meet today in Rome to discuss the situation in Europe, behind the scenes created with the approval of the new fiscal pact and approve the second bailout of Greece. The meeting will also discuss the latest developments come out of the Eurogroup meeting in which [...]
Spain explain the new deficit reduction target to Eurogroup
Best Growth Stock – Spain explain today to the Eurogroup the modification of deficit reduction target for this year (from 4.4% to 5.8% of GDP), at a meeting in which also make a final decision on the Greek rescue. The Minister of Economy and Competitiveness, Luis de Guindos, will address their European counterparts for the [...]
