World news about “Financial Crisis” published by euronews.
Euro-zone weighs Greek deal Euro-zone finance ministers have been meeting to decide whether the Greek government’s down-to-the-wire agreement on reforms will be enough to make the… 09/02/2012
Deadline approaches as Greece tries for troika deal Greece has got until the end of Sunday to agree a deal that will allow a vital second bailout loan of 130 billion euros. Negotiations continue with the… 05/02/2012
Panasonic joins Sony and Sharp in sea of red ink Japanese Consumer electronics giant Panasonic has warned it is heading for a record annual net loss of 7.78 billion euros. As with its rivals Sony and… 03/02/2012
Deal hopes offer cold comfort to ordinary Greeks Hopes of a refinancing deal between Greece and its international creditors gave the Athens stock market an early boost on opening. However, there was no… 31/01/2012
Greece rejects German plan for EU ‘budget control’ Greek officials have rejected out of hand a German idea for Athens to cede control over its budget policy to a special eurozone commissioner. It comes as… 29/01/2012
Generation Y wants change and now In this edition of The Network with Chris Burns — Generation Y, how are Europeans born in the 1980’s and 90’s facing the financial crisis? How would they like… 20/01/2012
Protestors told to quit St. Paul’s‘Occupy London’ protestors are facing eviction from a camp outside the capital’s St Paul’s Cathedral. A court has ruled in favour of city authorities who… 18/01/2012
Financial transaction tax to divide Europe? The discussions on the financial transaction tax dominated the beginning of the week – and is likely to divide Europe: Some countries like France want to… 13/01/2012
Sarkozy and Merkel hold first 2012 crisis talks German and French leaders have held their first euro crisis meeting of 2012. Among the issues discussed in Berlin by Chancellor Angela Merkel and President… 10/01/2012
Opposition mounts to financial transaction tax German Chancellor Angela Merkel and the French President Nicolas Sarkozy insisted on Monday that they do want to press ahead with a financial transaction tax… 09/01/2012
Dexia gets new financing lifeline Crisis-hit Franco-Belgian bank Dexia is getting temporary financing guarantees from Belgium, France and Luxembourg. That will enable it to keep running… 05/12/2011
Central banks ride to the rescue The world’s main central banks have joined forces to counter the effects of the eurozone crisis on the world economy. The banks of the US, eurozone, Japan… 30/11/2011
Searching for euro zone’s big bail-out bazooka Are we really witnessing the last moments of the single currency? Even though the euro zone appears to be racing towards an almighty crash, the bloc’s leaders… 29/11/2011
China considers UK infrastructure investment China has said it is interested in pumping money into Britain’s railways as part of major plans to invest in the crumbling infrastructure of developed… 28/11/2011
Government U turn as Hungary goes cap in hand to IMF In Hungary its been confirmed the centre right government wants financial help from the International Monetary Fund. The move is a U turn by Budapest after… 21/11/2011
ABN Amro profits hit by Greek crisis Nationalised ABN Amro’s hopes of a return to the private sector have been dealt a blow by a profit plunge linked to Greece’s debt problems. The bank, which… 18/11/2011
Merkel and Cameron duel over Europe Clashing views on a European model to repair the debt crisis appear to have reached new heights. German feelings on federalism this week chafed with British… 16/11/2011
Spain: Indignados’ pre-election march – nocomment Protesters, under the ‘Indignados’ banner, march through Madrid demanding social change, one week ahead of a general election that will most likely bring the… 14/11/2011
‘Too big to fail’ banks named At the Cannes summit of the world’s leading economies, 29 banks have been named as being so important to the global financial system that they are likely to… 04/11/2011
Anti-G20 wet protest – nocomment Protesters in swimsuits make a splash at an anti-G20 demo in Nice on Tuesday. 03/11/2011
London protests prick Anglican conscience The protesters camping at Saint Paul’s Cathedral in London’s financial heartland place the Church of England in a moral quandary. The Occupy London Stock… 01/11/2011
Markets dive on Greek referendum shock Greek Prime Minister George Papandreou’s decision to let his people vote on the country’s bailout package caused the world’s financial markets to go into… 01/11/2011
At EU summit, protesters call for changeOn the occasion of the EU Summit, French protesters called for Angela Merkel and Nicolas Sarkozy to wake up to their responsibilities ahead of the… 27/10/2011
Nintendo warns of first ever loss Nintendo says it will post its first ever annual net loss this financial year — of around 188 million euros. The soaring value of the yen against other… 27/10/2011
Italy’s short-term borrowing costs rise Italy’s short-term borrowing costs rose to their highest in more than three years at an auction on Wednesday. Proof of investors focus on the crucial… 26/10/2011
Carlos Slim: ‘I am not a monopoliser’ Meet Carlos Slim, the Mexican telecom tycoon who has nudged Bill Gates into second position for the third year running, cementing his place as the richest man… 26/10/2011
Banks’ fortunes tied to summits In the run up to the euro zone summits on a solution to the debt crisis, the EU has agreed that around 100 billion euros is needed to boost the capital — that… 21/10/2011
Franco-German rift delays euro zone bailout plan France and Germany are struggling to agree on how to solve the European debt crisis as euro zone finance ministers meet in Brussels. Berlin and Paris differ… 21/10/2011
Moody’s downgrades Spain’s regions Moody’s credit agency appears to have Spain in its sights. Only one day after delivering a sovereign downgrade to the country it has now cut the debt ratings… 20/10/2011
Greeks dying from financial despair No vessels have been entering or leaving Athens’ main port, Piraeus, frozen by strikes. With many people sinking into serious depression. A ferry ticket… 19/10/2011
UK inflation hits 3-year high in September Inflation in Britain was the highest in three years in September driven up by soaring gas and electricity bills. Consumer prices were up 0.6 percent month… 18/10/2011
France pledges to keep triple-A rating France is insisting that its triple-A credit rating is safe despite a warning from ratings agency Moody’s. Moody’s said it could place France on negative… 18/10/2011
Germany dampens euro zone crisis hopes Germany’s has lowered expectations of a breakthrough in the euro zone’s sovereign debt crisis at next weekend’s summit of European Union leaders. Financial… 17/10/2011
Gloomy outlook for Portugal Portugal can expect a recession of 2.8 percent next year – its worst in three decades. It is just one of the figures finance minister Vitor Gaspar revealed… 17/10/2011
European markets at close: 17.10.11 17/10/2011
Dexia deeper in the doldrums Dexia’s shares started the week with a big sell-off, slumping close to 10 percent. That was because of stock market uncertainty about how the Franco-Belgian… 17/10/2011
Greece’s deficit grows despite tax hikes Greece’s budget deficit continued to widen in September with the country in recession because of the austerity measures introduced to cut spending. The… 12/10/2011
Barroso presents bank recapitalisation plan European Commission President Jose Manual Barroso has unveiled details of a bank recapitalisation plan to help cope with the euro zone’s debt crisis. “For… 12/10/2011
European markets at close:11.10.11 11/10/2011
Analysis of a safety net The European Financial Stability Facility is the euro zone’s safety net set up in May of 2010 to combat the region’s sovereign debt crisis in the wake of… 11/10/2011
Troika gives green light to new Greek loan Greece’s international creditors on Tuesday approved a new aid payout of eight billion euros to stave off the threat of a sovereign default. The IMF, the… 11/10/2011
China buys top bank shares China is moving to support its stock market by buying shares of the country’s four biggest banks. The domestic arm of China’s sovereign wealth fund bought… 11/10/2011
Dexia – first of many? The fragility of Europe’s banks has been highlighted by the implosion of Franco-Belgian lender Dexia. It has had to be rescued by the French and Belgian… 10/10/2011
Dexia rescue hides black hole for Europe’s banks? Dexia Tower in Brussels has not come tumbling down, but it was a close run thing for the world’s number one lender to local authorities. A marathon… 10/10/2011
Italy and Spain downgraded by Fitch The European debt crisis continues to bite — late on Friday the Fitch agency downgraded Italy’s sovereign credit rating to A+, it was the first such cut for… 07/10/2011
Belgium anxious over Dexia bill division Belgium has told France that it is not willing to foot the whole bill for rescuing Dexia. That warning – from Belgian caretaker Prime Minister Yves Leterme… 06/10/2011
Indignados bring ‘Spanish revolution’ to Brussels The ‘Indignados’ have brought their protests against high employment and the European elite to the EU’s doorstep. The protest group, known as the Indignants… 05/10/2011
Germany backs recapitalisation of banks German Chancellor Angela Merkel on Wednesday said her government would recapitalise banks if required, but stressed that Europe must agree uniform criteria… 05/10/2011
Dexia rescue underway As a rescue plan comes together for struggling Belgian-French bank Dexia, some worried depositors have been withdrawing their money and its customer helpline… 05/10/2011
Euro zone debt fears hit shares European shares fell sharply on Tuesday, closing near their worst levels in twenty six months. That was a reaction to European finance ministers talking… 04/10/2011
Deja vu for Europe’s banks As happened in 2008 a frisson of fear is passing through Europe’s lending community that some may not be able to survive the latest crisis. Top of the list… 04/10/2011
Deutsche Bank scraps 2011 profit target Blaming Europe’s sovereign debt crisis, Deutsche Bank has said it will not make its target of 10 billion euros in profit before tax this year. “The… 04/10/2011
George Soros backs anti-Wall Street protests Billionaire financier George Soros says he understands anti-bank protests that started in New York and have spread across the United States. The… 04/10/2011
Europe’s revamped bailout fund tops finance talks The story has a familiar ring – Europe’s finance ministers hold crucial talks on how best to save Greece and stop the whole euro project going into free fall… 04/10/2011
Europe Weekly: Brussels shows off its ‘Six Pack’ In this week’s Europe Weekly we take a look at the EU’s new ‘Six Pack’. Sorry, if it is beer or men’s abs you are looking for, this is not for you. No, the… 30/09/2011
More discipline to avert default Elena, from Paris, asks: I’d like to know how the European Union could really oblige the euro zone countries to respect budgetary discipline in the use and… 30/09/2011
MEP’s take ‘Six Pack’ rules off ice Tougher rules are to be introduced for the EU’s most profligate states. After months of delay the European Parliament has finally taken the so called ‘Six… 28/09/2011
Crucial week in euro zone debt crisis European leaders are considering what steps to take to contain the region’s debt crisis and stop Greece’s problems engulfing other countries. Lawmakers in… 26/09/2011
Anni Podimata on the Greek crisis and the EU How do you solve a problem like Greece? Are we about to witness the gruesome end of an all-too-contemporary Greek tragedy? Or is Greece itself a scapegoat —… 24/09/2011
Euro storm blows cold wind through Switzerland For Switzerland, it is tough being so popular especially when investors see this small country and its currency as a refuge from the growing euro zone… 24/09/2011
Financial crisis, Schengen zone and relations between Europe and Ukraine in Europe Weekly In this week’s Europe Weekly we look at why there is no let up from financial crisis and how it affects the Europe’s poorest people. We look at why two … 24/09/2011
Greek situation is ‘critical’ : finance minister Greek Finance Minister Evangelos Venizelos has reiterated that Greece must continue to cut spending. In a meeting with the country’s president, Venizelos… 23/09/2011
World stocks tumble on recession fears Mounting fears that the global economy is slipping back into recession washed through financial markets world-wide on Thursday. Shares in Europe finished… 22/09/2011
Geithner snubbed at Ecofin crisis summit The irony will not have been lost on Timothy Geithner. Despite economic problems of his own back home, the US Treasury Secretary was personally invited to the… 17/09/2011
Are credit rating agencies too powerful? Credit rating agencies too powerful? Victor, from Fontainebleau, France: “How did credit rating agencies manage to acquire such power over the European… 16/09/2011
Deutsche Bank boss warns crisis could kill weak banks Europe’s sovereign debt crisis will cut bank’s profits for years and could even kill off some of the weakest ones. That warning has come from the head of… 05/09/2011
Athens under pressure over EU/IMF aid With the credibility of the euro zone at stake over Greece‘s bailout, the wrangling goes on between Athens and Brussels. The suspension of an … 05/09/2011
Greece and EU/IMF pause deficit talks Talks have been put on hold between Greece and international inspectors over whether it has met conditions for its next bailout pay. The unplanned pause was… 02/09/2011
US housing agency to sue banks The US federal agency that oversees mortgage lending is set to sue more than a dozen big banks for allegedly misrepresenting the products they sold during the… 02/09/2011
Big Greek bank merger announced The boards of Greece’s EFG Eurobank and Alpha Bank have approved a merger deal reportedly with a 500 million euro injection of capital by the Qatar Investment… 29/08/2011
Spain agrees deficit limit constitutional amendment Spain’s top politicians have reached an agreement on including limits on the country’s public deficit and debt in its constitution. However the… 26/08/2011
Athens talks tough on debt swap Greece is warning that it may not go ahead with a debt swap that is crucial to its second international bailout if too few investors participate in it… 26/08/2011
Debt cuts are the key to an EU fiscal union As fears about European governments’ debt grow, Europe’s lack of a true fiscal union is causing these uncertainties to linger. The 17-member euro zone has… 15/08/2011
Grim predictions on Greece from OECD The Organisation for Economic Cooperation and Development has calculated the European Union’s rescue deal for Greece will only slightly reduce the country’s… 02/08/2011
Blame game continues over US debt crisis With time running out, negotiations between President Barack Obama and the Republicans to avert an unprecedented US default seem to be going nowhere… 22/07/2011
Ireland benefits from Greek deal The new Greek rescue deal could save Ireland a lot of money as euro zone leaders decided at their special emergency summit to cut the interest rate charged on… 22/07/2011
Close-up Europe focuses on Greece Welcome to Close-up Europe. Like many things in history, the euro debt crisis originated in Greece. Today the country is bust and dependent on external… 20/07/2011
Fitch downgrades five Greek banks to CCC The debt the crisis rattling the eurozone has deepened, after ratings agency Fitch downgraded Greece further into junk territory and the brink of… 15/07/2011
Italy next euro zone victim? The euro zone’s debt crisis has taken a dangerous turn with worries that it could spread to Italy, which is the region’s third biggest economy. The… 12/07/2011
The fate of Greece and Portugal in the hands of rating agencies In this week’s edition of Business Weekly, we focus on the latest decisions of Standard & Poor’s and Moody’s regarding Greece and Portugal. These moves… 09/07/2011
Portugal T-bill yield rises after ratings cut Portugal’s borrowing costs rose on Wednesday in an auction of government bonds maturing in three-months time. The amount of interest Lisbon had to offer to… 06/07/2011
I talk: ‘Defending normal interests’ You ask the questions on I talk, for leading European institutional figures to answer. This week’s video entries are for Guy Verhofstadt, with the Alliance… 30/06/2011
Greece – honest taxpayers bear the brunt? Increasing revenue from taxes is the crux of the austerity plan put forward by Greek Prime Minister George Papandreou. The revised plan contains measures… 28/06/2011
French Greek debt deal could be blueprint for others French banks have agreed to roll over their holdings of Greek debt for 30 years, President Nicolas Sarkozy confirmed on Monday. The voluntary rollover of… 27/06/2011
Euro zone debt crisis warning from UK There are warnings over the euro zone’s debt crisis from a Bank of England policymaker and Britain’s new risk monitoring organisation. American economist… 24/06/2011
EU chief says banks must help with Greek crisisThe financial sector should play a bigger role in helping to resolve the Greek debt crisis, European Commission president Jose Manuel Barroso said on… 21/06/2011
European workers’ unions protest dog-bone austerity Thousands of protesters against spending cuts and austerity have been marching in Luxembourg. Trade Union members from all around Europe showed their… 21/06/2011
EU-IMF inspectors check Greek austerity progress The Greek finance ministry on Tuesday again played host to inspectors from the European Union and the International Monetary Fund. They were there to check… 21/06/2011
Spain successfully auctions T-bills As the market awaits clarity over a second Greek bailout, another troubled euro zone country, Spain has successfully sold 2.99 billion euros worth of… 21/06/2011
European workers to protest in Luxembourg Tuesday in Luxembourg will see the latest demonstrations by trade union members from around Europe. The last one in Budapest attracted thousands of… 20/06/2011
Greek protesters march on parliament – nocomment Greek Communist Party supporters rallied in the centre of Athens a day after Prime Minister George Papandreou reshuffled his cabinet in the face of mounting… 19/06/2011
Greek hopes lift share markets and euro Hopes of a solution for Greece’s debt crisis meant Europe’s stock markets mostly finished higher. Athens’ main share index gained nearly four percent with the… 17/06/2011
Greek debt threatens European banks The financial crisis in Greece could have wide-ranging effects on other parts of Europe. A number of banks on the continent have been exposed to Greek debt… 16/06/2011
Greece: who loses from the debt crisis? For analysis of the Greek debt crisis, euronews spoke to Manoj Ladwa of ETX Capital in London euronews: Manoj, Greece has been in the headlines for quite… 16/06/2011
ECB’s Draghi: bank opposed to Greece default Mario Draghi, addressing a European Parliament hearing on his proposed appointment as president of the European Central Bank, has endorsed the bank’s hard… 14/06/2011
Eurogroup studies more billions for GreeceA new financial bailout for Greece is under scrutiny by the Eurogroup finance ministers in Brussels. Greece on Monday became the lowest-rated sovereign… 14/06/2011
Greece’s rating is slashed making default likely Greece has become the world’s lowest rated country after Standard and Poor’s cut three notches off its credit worthiness. It puts the cash strapped country… 14/06/2011
ECB signals rate hike but Greek debt problems grow On this edition of Business Weekly we analyse the ECB and Bank of England’s interest rate decisions and discuss the divergence between Germany and the… 10/06/2011
Germany backs Greek aid after private sector pledge Germany’s parliament has backed more aid for Greece. That came in a non-binding vote after the Finance Minister Wolfgang Schaeuble laid out strict German… 10/06/2011
Ratings agencies challenged by MEPs A new, independent European rating foundation has been proposed as part of moves to overhaul credit rating agencies. The European Parliament is calling for… 09/06/2011
