Vittorio Hernandez – AHN News Luxembourg City, Luxembourg (AHN) – European finance ministers delayed on Monday the release of the second tranche of Greece’s bailout until July. After seven hours of discussion, the ministers set as a condition for the release the approval by the Greek Parliament of spending cuts and financial reforms, including a [...]
Posts Tagged ‘Eurozone’
Eurozone’s troubled five need more time and space
May 21st, 2011
davidguide Extending maturity dates and reducing new debt rates may yet achieve what forced fiscal austerity and bailouts fail to View full post on All Stories
Greece bailout fails to halt debt woes
May 8th, 2011
davidguide Secret talks reveal Greece is unable to meet obligations under last year’s €110bn eurozone rescue package The eurozone’s first ever bailout of a debt-laden member country is failing and will need to be renegotiated exactly a year after the €110bn (£96bn) rescue package was agreed for Greece. Following secret talks in Luxembourg on Friday between [...]
Gordhan: Eurozone a concern
November 17th, 2010
davidguide The fiscal developments and economic growth uncertainties of the eurozone, which is South Africa’s largest trading partner, are worrying. ||| The fiscal developments and economic growth uncertainties of the eurozone, which is South Africa’s largest trading partner, are worrying, South African Finance Minister Pravin Gordhan said on Wednesday. Several countries in the eurozone have had [...]
Eurozone money supply slows in Sept., private sector loans steady
October 27th, 2010
davidguide Money supply growth in the 16-nation Eurozone slowed slightly in September even as private sector lending growth remained unchanged. View full post on All Stories
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