TOKYO (Reuters) - Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about commitments from struggling euro zone economies to pursue austerity measures, widely seen by markets as crucial to resolving the bloc's debt crisis.
Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about commitments from struggling euro zone economies to pursue austerity measures, widely seen by markets as crucial ...
The recovery for most of the euro zone will certainly begin in the second half of 2013
PARIS — The eurozone’s crisis is far from over and its members must consolidate their budgets and forge a banking union to put the bloc on a more stable economic footing, the leaders of the IMF and European Central Bank said on Friday.
Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about whether Europe will continue to pursue austerity measures seen by markets as crucial to resolving the euro zone's debt crisis.
ATHENS: French President Francois Hollande made a last-ditch appeal on Monday to Greek Prime Minister Alexis Tsipras to return to the negotiating table with creditors, saying only a few hours remained for a deal. Athens shocked creditors by announcing on Saturday a July 5 referendum on the latest cash-for-reform proposal. It now has less than 48 hours to pay back 1.6 billion euros of IMF loans. Ministers from Hollande's Socialist government were early backers of Tsipras' leftist administration after it won January elections.
Brussels (AFP) - Greece faced deepening scepticism ahead of talks on Monday on its plans for reforms to secure a financial lifeline as Athens warned of a possible referendum if its proposals are rejected.
LONDON (Reuters) - The escalating danger from the neighboring euro zone debt crisis prompted the Bank of England on Wednesday to keep alive the prospect of more help for an ailing British economy it said was growing more slowly than expected. At a news conference after unveiling the bank's latest economic forecasts, Governor Mervyn King also took aim at the euro zone, which is struggling to contain a renewed risk of Greece falling out of the currency bloc. "The euro area is tearing itself apart without any obvious solution," he said. ...
By Stoyan Bojinov:The Euro zone debt crisis has been at the forefront since late 2009 when it became apparent that Greece was struggling to curb its towering deficit. Greece unsuccessfully implemented several austerity meassures aimed at restoring financial stability, ultimately succumbing to a bailout package in early May of 2010. History has repeated itself since then seeing as how Greek debt woes remain a burden despite a second bailout package.