Posts Tagged: recession

Gov’t, troika in tug-of-war over layoffs

The insistence of Greece’s international creditors, the European Central Bank, European Commission and the IMF — known as the troika — on public sector layoffs is leading to a tug of war with the government, which is focusing on the

Gov’t, troika in tug-of-war over layoffs

The insistence of Greece’s international creditors, the European Central Bank, European Commission and the IMF — known as the troika — on public sector layoffs is leading to a tug of war with the government, which is focusing on the

Greek program needs redesigning, says PIMCO CEO

      By Tom Ellis Greece should take up the issue of separating the 50 billion euros that went toward recapitalizing the country’s banks from the country’s public debt with its European partners and the International Monetary Fund, says

Greek program needs redesigning, says PIMCO CEO

      By Tom Ellis Greece should take up the issue of separating the 50 billion euros that went toward recapitalizing the country’s banks from the country’s public debt with its European partners and the International Monetary Fund, says

/ News

Euro-Zone Shark Still Has Its Appetite

“A shark has to constantly move forward or it dies. And I think what we got on our hands is a dead shark.” Woody Allen’s description of his failing relationship with Annie Hall is as apt when applied to the

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Euro-Zone Shark Still Has Its Appetite

“A shark has to constantly move forward or it dies. And I think what we got on our hands is a dead shark.” Woody Allen’s description of his failing relationship with Annie Hall is as apt when applied to the

/ News

Euro-Area Confidence Slumps, German Unemployment Rises

Economic confidence in the euro area slumped to the lowest in more than 2 1/2 years in June and German unemployment increased more than economists forecast, adding to signs the European economy fell into a recession. An index of executive

/ News

Euro-Area Confidence Slumps, German Unemployment Rises

Economic confidence in the euro area slumped to the lowest in more than 2 1/2 years in June and German unemployment increased more than economists forecast, adding to signs the European economy fell into a recession. An index of executive

FITCH: The Eurozone Is Entering The ‘Danger Zone’

    Top Gun via YouTube Fitch is out with its Mid-Year Sovereign Review and Outlook report.    Titled No Getting Away from the Eurozone Crisis, the report walks through recent developments in sovereign ratings and trends that have been followed closely by

FITCH: The Eurozone Is Entering The ‘Danger Zone’

    Top Gun via YouTube Fitch is out with its Mid-Year Sovereign Review and Outlook report.    Titled No Getting Away from the Eurozone Crisis, the report walks through recent developments in sovereign ratings and trends that have been followed closely by

Greece Asks Troika For Moon; Time Means Money

It will be interesting to see how long the coalition in Greece will last after Germany shoots down Bailout Easing Proposals by Greece to …. Cut the VAT Freeze layoffs Extend timeline to reduce its deficit by two years Recapitalize lenders Provide

Greece Asks Troika For Moon; Time Means Money

It will be interesting to see how long the coalition in Greece will last after Germany shoots down Bailout Easing Proposals by Greece to …. Cut the VAT Freeze layoffs Extend timeline to reduce its deficit by two years Recapitalize lenders Provide

MERKEL: Europe Will Never Share All Of Our Debts For ‘As Long As I Live’

This comment from Angela Merkel just now is causing ripples through markets… Luke Baker at Reuters tweeted Merkel: Europe wil not have shared liability for debt “as long as I live.” #euco That sounds really intense. In two follow up tweets he

MERKEL: Europe Will Never Share All Of Our Debts For ‘As Long As I Live’

This comment from Angela Merkel just now is causing ripples through markets… Luke Baker at Reuters tweeted Merkel: Europe wil not have shared liability for debt “as long as I live.” #euco That sounds really intense. In two follow up tweets he