Tag Archives: Eurozone
Cyprus receives first installment of its bailout funds
Cyprus has received 2bn Euros, the first installment of a 10bn-Euro bailout package, from the European Union (EU) and the International Monetary Fund (IMF).
Eurozone finance ministers are also expected to sign off the latest tranche of Greece’s...
US manufacturing sector grew at its slowest pace in six months
The US manufacturing sector’s growth was at its worst in six months during April.
According to Research Firm Market, the Purchasing Manager’s Index fell from 54.6 to 52, slightly above the 50 level, marking the line between growth and contraction.
Chris...
Data on bond purchases by Bank of Cyprus missing
Investigators have found that key data about bond purchases by bank of Cyprus are missing, with gaps discovered in computer records for the period 2007-2010.
Whether the mass deletion of data was deliberate or accidental is not yet clear.
The...
Eurozone Finance Ministers agree on a deal for Cyprus
Eurozone Finance Ministers have agreed on a bailout deal of 10bn Euros to keep Cyprus in the Eurozone and rescue its banking system from collapsing.
Head of the International Monetary Fund Christine Lagarde regarded the deal as “a comprehensive...
Global Recovery Under Threat, says OECD
The eurozone debt crisis is threatening the global economic recovery, the OECD says
According to the Organisation for Economic Co-operation and Development (OECD), decisive policy action is needed to ensure the world is not “plunged back...
Germany economic growth slowing down
According to latest figures, Germany’s economic growth stood at 0.2% between July and September, down from 0.3% in the second quarter and 0.5% in the first three months of the year.
Last month, the German government cut its forecast for economic...
Eurozone extends deadline for Greece to budget targets
The Eurozone has agreed to allow two more years for Greece to meet its deficit-reduction targets.
The Eurozone finance ministers met in Brussels and endorsed a proposal to extend from 2014 to 2016, as demanded by international lenders.
The two-year...
China’s Inflation Easing
China’s inflation dipped to 1.9% from a year earlier, and down from a rate of 2% in August.
The rise in consumer prices has been holding back policymakers from taking stimulus measures to boost the economy.
“This inflation picture remains...
Greece unemployment rate hits a record high
The latest official figures show Greece’s unemployment rate to be at 25.1%, with austerity cuts continuing and Greece is enter another year of recession.
The unemployment level among young people has reached 54.2%, the 15-24 age group being...
IMF warns of instability in the global financial system
In its latest Global Financial Stability Report, published every six months, the International Monetary Fund (IMF) said the global financial risks have increased in the past six months despite the measures taken by the policymakers to make the...
