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Tag: Europe

Portugal worried About Current Financial Situation in Europe -Minister

Jun 14 2012 14:31:03 in Market

Portugal is worried about the financial situation in Europe and added that the country is focusing on what it can do to boost its economy - Portas He also said that they are completely focused on doing what we can do, to promote investment, to promote exports and create jobs in Portugal. Read more

Europe Needs Banking and Fiscal Union - Drafts Eu Summit

Jun 13 2012 10:01:03 in Market

The euro zone needs much stronger banking and fiscal integration underpinned by enhanced euro governance, EU summit draft report The road to achieving these will be spelled out by a report of top EU officials, draft conclusions for the June 28-29 summit of EU leaders showed European Commission Pr... Read more

Italy's Grilli : Market Situation Is Extremely Difficult in Italy and Europe

Jun 12 2012 16:31:03 in Market

Grilli said that recent financial market developments show the situation remains "extremely difficult" for the euro zone and for Italy in particular Italian borrowing costs have risen sharply after the Saturday's deal to help recapitalize Spanish banks. Read more

Fed's Williams - Europe Poses Significant Threat to Global Economy

Jun 11 2012 17:31:03 in Market

EZ debt crisis poses a "significant" threat to global financial stability and could weaken progress made in recent years - Williams Quotes "While the global financial system is stronger than it was three years ago, it remains vulnerable. Read more

Bof Noyer - Europe Should be Able to Cope With Demographic Shifts

Jun 11 2012 16:31:12 in Market

BoF Governor Noyer said that Europe should be able to handle demographic changes resulting from an aging population He added that France's population was expected to continue to grow fast for some decades to come because of a relatively high fertility rate and a dynamic migration policy Quotes... Read more

Research: Asian Central Banks to Acknowledge Growing Downside Risks to Growth from Europe

Jun 11 2012 11:31:06 in Market

Quotes from Standard Chartered: -This is a busy week for Asian central banks. New Zealand (Tuesday), Thailand (Wednesday), the Philippines (Thursday) and Japan (Friday) are all expected keep policy rates unchanged, mirroring the Bank of Korea's decision to keep the base rate at 3. Read more

Europe Recession Likely to Affect US Recovery - Obama

Jun 08 2012 16:01:03 in Market

Obama said on Friday that the recession in Europe would affect pace of US recovery He said European leaders are in discussion over strengthening banking system and are in right direction Obama said Washington is being careful not to "scold" Europe or tell European leaders what to do. Read more

Rajoy : Spain to Continue Talks With Europe After Looking Into Audit Report

Jun 07 2012 17:31:03 in Market

Spain PM said he would look into the results of independent audits of Spain's banking system before talking with Europe He said depending on the report he will talk to leaders over the best course of action to recapitalize the banking system. Read more

Europe Understands the need of Swift Action - US Treasury Deputy

Jun 06 2012 17:31:03 in Market

European leaders understand "more than ever before" the need to to take swift action to tackle - Wolin Wolin said G20 summit later this month would present "an important opportunity" for European leaders to make further progress on bank issues. Read more

Flaherty - Europe Banks need to be Recapitalized

Jun 06 2012 14:31:04 in Market

Canada's Flaherty said that some of the European banks need to be recapitalized to deal with the crisis Quotes "Some of the European banks need to be recapitalized. That's been clear for a long time. Read more

Europe Should Take Bold, Decisive Actions, Says Singapore Central Bank Chief

Jun 05 2012 07:31:02 in Market

Eurozone governments have been taking extraordinary measures to help stabilize the situation, but they should take bolder actions, Ravi Menon, Managing Director of Monetary Authority of Singapore said Tuesday. Read more

Canada Flaherty - G7 Ministers to Talk on Europe Debt Crisis on Tuesday

Jun 04 2012 15:31:03 in Market

G7 ministers will hold talk on Europe on Tuesday- Canadian Finance Minister Flaherty's spokeswoman She made a statement clarifying remarks made by Flaherty earlier today, She said there would be no G20 ministerial call on the European crisis on Tuesday. Read more

Canada's Flaherty - G20 Fin Mins to Discuss Europe Debt Crisis Tuesday

Jun 04 2012 14:31:03 in Market

Finance ministers from the G20 nations will discuss the European debt crisis on Tuesday, Flaherty said He added that Europe hasn't taken adequate steps yet to deal with debt crisis Quotes  "Those discussions also take place with some of the non-European members of the G20 ... Read more

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