Posts Tagged ‘euro’

ECB, Bank of England set to stimulate Europe’s economy

Nathan Andrada – Fourth Estate Cooperative Contributor Frankfurt, Germany (4E) – If the ECB proceeds with the quarter percentage rate cut, it will be the first time for its benchmark interest rate to fall under 1 per cent, setting it at a record low 0.75 per cent, essentially bringing its deposit rates to zero. The […]

Stock up Friday on solid jobs report and news from Greece

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – U.S. markets got a bounce from a slightly better than expected jobs report on Friday and positive news from Greece. Just after the opening bell on Wall Street, the Dow Jones Industrial Average rose 20 points, the Standard & Poor’s 500 Index gained […]

Questions loom as Europe inks new Greek bailout

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Eurozone finance ministers agreed to a €130 billion rescue for Greece on Tuesday, averting a messy default, by forcing Athens to commit to unpopular cuts and private bondholders to take big losses. The complex deal was inked in lengthy overnight agreements. It […]

Europe Presses Greek Parties to Commit to Bailout Terms

The 17 euro zone finance ministers have demanded that both political parties in Greece must co-sign a pledge for a tough austerity program. View full post on Business Stories

Berlin experts fear euro break-up from bail-out escalation

Plans to increase the firepower of Europe’s bail-out fund with extra leverage threaten France’s AAA rating and risk setting off a dangerous chain of events, a top German institute warns. View full post on UK Business Stories

Euro pushed up on Europe rate hike talk

WASHINGTON – The Euro jumped against the US dollar Thursday despite the turmoil in Libya as traders focused on the possibility that inflation pressures will soon lead to a hike in European interest rates. View full post on Business Stories

Irish 85bn euro bail-out agreed

European ministers reach an agreement over a bail-out for the Irish Republic worth about 85bn euros ($113bn; £72bn). View full post on Business Stories