(Source Alvise Armellini dpa, Hamburg, Germany (MCT) – Paris/Brussels (dpa) – Risks of an economic meltdown have receded, mainly due to improved prospects in the United States and Germany, but most of Europe is still vulnerable, the Organization for Economic Cooperation and Development (OECD) said Thursday.
Brussels (Source: Alvise Armellini dpa, Hamburg, Germany (MCT)) – European Union officials denied on Wednesday that plans were afoot to use eurozone bailout funds to help Spain recapitalize its banks.
March 11, 2012 (Source: Sudan Tribune (MCT)) – South Sudan said on Sunday that bilateral relations with European countries, particularly France, were “growing well” and that its economic ties were making “positive” ground.
Brussels (Source: Alvise Armellini dpa, Hamburg, Germany (MCT)) – The European Union’s executive said Monday that it had forced Germany and Britain to renegotiate key parts of anti-tax evasion deals they had signed with Switzerland.
Paris/Brussels (Source: Alvise Armellini dpa, Hamburg, Germany (MCT)) – The European Union’s top economic official on Tuesday talked up the eurozone’s chances of economic recovery and expressed cautious support for eurobonds, which Germany staunchly opposes.
(Source: The Daily Star, Beirut, Lebanon (MCT) — BEIRUT: The Finance Ministry is expected to tap the local market for financing soon to issue $5 billion worth of Eurobonds and treasury bills to cover the public debt in 2012.
AMMAN ––(Source: Jordan Times (MCT) – Planning and International Cooperation Minister Jafar Hassan on Saturday said the European Union’s (EU) 70-million-euro grant to Jordan, which is included in the 3-billion-euro assistance package, will go to the Support for Partnership, Reform and Inclusive Growth (SPRING) programme.
Mexico City (Source: Andre Stahl dpa, Hamburg, Germany (MCT)) – European Union leaders will likely call for a substantial increase in the funds available to the International Monetary Fund (IMF) when finance ministers from the world’s 20 biggest economies meet at the weekend in Mexico City.
Berlin (Source Andrew McCathie dpa, Hamburg, Germany (MCT)) – The economic mood in the eurozone posted a surprise fall in February, dampening hopes that the downturn in the 17-member currency bloc would be relatively shortlived, a key survey released Wednesday showed.
Brussels (Source: Alexandra Mayer-Hohdahl dpa, Hamburg, Germany (MCT)) – It took more than 12 hours, but in the end eurozone finance ministers managed in the early hours of Tuesday to put the finishing touches to a highly touted new rescue package for Greece.
Brussels (Source dpa) – European governments on Tuesday protested against the latest downgrade by a major credit ratings agency, while pledging at the same time to continue along the path of budget discipline and economic reforms.
(Source: F.Milad Trend News Agency, Baku, Azerbaijan) – Iranian Oil Minister Rostam Qasemi has issued a decree to stop obtaining foreign licenses for domestic petrochemical projects, Mehr news agency reported.
Frankfurt (Source dpa) – Bank loans to the private sector in the 17-member eurozone fell sharply last month, data released Friday showed, fuelling concerns about the threat of a credit crunch in the region.
Davos, Switzerland (Source: dpa) – European Economy Commissioner Olli Rehn and French Finance Minister Francois Baroin on Friday called for strengthening the eurozone’s rescue fund.
Athens (Source: dpa) – Hundreds of Greeks lined up at a makeshift vegetable market in central Athens on Wednesday for free handouts just as their politicians resumed negotiations with international auditors to assess progress on austerity reforms.
Brussels (Source: dpa) – Greece is not doing enough to reform its economy, several European Union finance ministers complained on Tuesday, warning that it was putting its second international bailout at risk.
(Source Boston Herald) – At the risk of tempting fate, we think it’s fair to say the stock market has advanced at a steady, gentle pace so far this year. We haven’t seen the wild gyrations of last August or the stomach-churning drops of the Great Recession. The economic recovery has been slow, but it […]
(Arab News, Jeddah, Saudi Arabia) – JEDDAH: Countries throughout the world will experience an economic slowdown this year as the sovereign debt crisis in Europe continues to unfold, according to a UN report that also warns that governments must urgently address high unemployment rates, particularly among youth.
Frankfurt (Source: dpa) – The governing council of the European Central Bank (ECB) met Thursday to debate euro interest rates as worries continued over the outlook for Italy and other indebted eurozone nations.
Detroit (Source: dpa) – The silver car spinning slowly on a turntable near the centre of the Detroit auto show was fundamentally similar to other models that blend the elements of a luxury sedan with a sport-utility vehicle.