Eurozone Crisis

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Eurozone Crisis - Total results - 77
Coronavirus Outbreak: Multi-notch sovereign ratings downgrade likely in 2020 due to sharp fall in oil prices, says Fitch
Business

Coronavirus Outbreak: Multi-notch sovereign ratings downgrade likely in 2020 due to sharp fall in oil prices, says Fitch

Fitch said the most common rating category from which multi-notch downgrades have occurred is 'B', confirming weaker sovereigns are more prone to crises.

Greek bailout without IMF 'not an option', says Eurogroup head Dijsselbloem
World

Greek bailout without IMF 'not an option', says Eurogroup head Dijsselbloem

The eurozone needs the IMF on board in Greece's massive bailout despite deep divisions over debt relief, Eurogroup head Jeroen Dijsselbloem said on Tuesday.

ECB set for rate cut as inflation falls sharply
Economy

ECB set for rate cut as inflation falls sharply

The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.

Why it makes sense for Cyprus to leave the euro
World

Why it makes sense for Cyprus to leave the euro

The Cyprus bailout could lead to a 20 percent fall in its GDP. It may benefit from moving out of the euro.

Cyprus' financial repression: when people bail out govts
World

Cyprus' financial repression: when people bail out govts

Cyprus has resorted to financial repression, where it confiscated a chunk of depositors' money. This is financial repression, where governments needing bailouts raid their citizens' savings.

Question after Cyprus: Will govts loot depositors again?
World

Question after Cyprus: Will govts loot depositors again?

To earn its bailout, Cyprus has forced depositors to share a part of their costs. This is financial repression - and it could happen elsewhere in Europe

Banks saved, but Europe risks 'losing a generation'
Economy

Banks saved, but Europe risks 'losing a generation'

Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said.

Economic growth in India slowing down, says OECD
Economy

Economic growth in India slowing down, says OECD

The OECD said that the turning points in its indicators tend to precede changes in economic activity by about six months.

Fitch cuts Italy credit rating on election impasse, rising debt
Economy

Fitch cuts Italy credit rating on election impasse, rising debt

Ratings agency Fitch added to Italy's mounting problems on Friday by cutting its credit rating due to the political uncertainty after last week's election, deep recession and rising debt.

How the political deadlock in Italy can reignite the eurozone crisis
World

How the political deadlock in Italy can reignite the eurozone crisis

Italy's centre-left coalition will win a majority in the lower house of parliament but the upper house will be deadlocked, the Interior Ministry said on Tuesday after almost all votes were counted. This is bad news for the eurozone.

Govt estimates GDP growth at 5% in FY13, lowest since FY04
Economy

Govt estimates GDP growth at 5% in FY13, lowest since FY04

India's GDP is estimated to grow at 5 percent in 2012-13, lowest during since 2003-04, on account of slower growth in industry, agriculture and services sector, Parliament was informed today.

Sluggish global economy stares at fiscal cliff in 2013
Economy

Sluggish global economy stares at fiscal cliff in 2013

India and China will be key for the global economy to grow by even a modest three percent in 2013, after bouts of debt turmoils across continents pushed it to fiscal precipice and an anaemic growth rate in 2012 left policymakers and politicians at crossroads.

Italian PM Monti set to resign; European stocks fall
World

Italian PM Monti set to resign; European stocks fall

European shares slumped on Monday as Italian Prime Minister Mario Monti's announcement that he will resign by year's end surprised investors and raised worries that political turmoil could derail Europe's effort to end its financial crisis.

'World is trapped in low growth; there is no magic cure'
World

'World is trapped in low growth; there is no magic cure'

Do the world's economic managers know what they are doing? And will their medicine - of easy money - really work? Satyajit Das has his doubts.

IMF's bleak outlook for world economy sees only 3.3% growth
Economy

IMF's bleak outlook for world economy sees only 3.3% growth

The IMF forecasts that the world economy will expand 3.3 percent this year, down from the estimate of 3.5 percent growth it issued in July. Its forecast for growth in 2013 is 3.6 percent, down from 3.9 percent three months ago and 4.1 percent in April.

Spain ready for eurozone bailout; Germany says 'hold'
Economy

Spain ready for eurozone bailout; Germany says 'hold'

Spain is ready to request a eurozone bailout for its public finances as early as next weekend but Germany has signalled that it should hold off, European officials said on Monday.

Greece plans tough austerity budget as it enters sixth year of recession
Economy

Greece plans tough austerity budget as it enters sixth year of recession

Greece will frontload painful budget cuts to end a decade of primary deficits while grappling with a sixth year of recession, according to a 2013 budget draft aimed at satisfying international lenders.

Europe plans 'banking union' to come out of economic turmoil
Economy

Europe plans 'banking union' to come out of economic turmoil

European Commission President Jose Manuel Barroso will outline the proposal in his annual "state of the union" address, which will also set out a path towards deeper economic integration across the eurozone and the wider EU.

Austerity necessary to regain credibility, says Greek PM
Economy

Austerity necessary to regain credibility, says Greek PM

Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis.

ECB holds rates as inflation overshadows growth risks
Economy

ECB holds rates as inflation overshadows growth risks

Annual eurozone inflation accelerated to 2.6 percent in August from 2.4 percent in July, coming in stronger than expected and further above the ECB's target of just below 2 percent.