Author Archive
Greece sees higher deficit after EU revises data
(AP)
AP - Greece expects the budget deficit in 2010 will be larger than initially targeted after the EU's statistics agency said Monday the country's debt last year was actually much higher than projected. Read the rest of this entry »
Irish in crisis talks with EU nations, refuse aid
(AP)
AP - Debt-burdened Ireland is talking with other European Union governments about how to handle its troubled finances, officials said Monday as the continent's debt crisis plagued markets and policymakers across Europe. Read the rest of this entry »
UK PM Cameron says Britain still a world power
(AP)
AP - Britain can remain a world power despite the emergence of new economic titans like China, but only if it sorts out its economic problems, Prime Minister David Cameron says. Read the rest of this entry »
Ireland faces debt crisis talks, may seek bank aid
(Reuters)
Reuters - Aid would be available for Ireland's banking sector or the state itself, a top European policymaker said on Monday after a report suggested Dublin could seek money for its stricken banks from an EU emergency fund. Read the rest of this entry »
RBS to sell $6.1 billion worth of businesses
(AP)
AP - Part-nationalized Royal Bank of Scotland says it plans to sell 3.8 billion pounds ($6.1 billion) worth of project finance assets to The Bank of Tokyo-Mitsubishi UFJ. Read the rest of this entry »
Euro zone September trade surplus above expectations
(Reuters)
Reuters - The euro zone had a bigger than expected trade surplus in September, data showed on Monday, as export growth outpaced the rise in imports year-on-year. Read the rest of this entry »
Greek Socialists hold edge in austerity-focused local vote
(AFP)
AFP - Greece's ruling Socialists on Sunday surged ahead in the second round of a regional vote dominated by austerity measures and an imminent EU-IMF economy audit, early estimates said. Read the rest of this entry »
Greek Socialists hold edge in regional polls: early estimate
(AFP)
AFP - Greece's battered Socialists on Sunday held a slight edge in the second round of regional elections dominated by austerity measures and an imminent EU-IMF economy audit, early estimates said. Read the rest of this entry »
Sinn Fein leader to seek seat in Irish parliament
(AP)
AP - Sinn Fein leader Gerry Adams announced Sunday he intends to quit his political posts in Northern Ireland and seek election to parliament in the Republic of Ireland, a surprise gambit timed to capitalize on the economic crisis. Read the rest of this entry »
Greece must focus on debt targets: ECB’s Bini Smaghi
(Reuters)
Reuters - Greece must focus on meeting targets to cut its budget deficit, ECB policymaker Lorenzo Bini Smaghi said in an interview, warning that any renegotiation of the terms of EU/IMF loans would harm its credibility. Read the rest of this entry »