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Daily Archives: June 22, 2012

The European Central Bank flexibilizes the conditions for lending mone...

June 22, 2012 admin
The European Central Bank (ECB) announced today that it will relax the conditions for lending money to commercial banks in the euro area. The ECB has decided measures “to improve access to bank...

The German foreign minister said that Spain and Italy are competitive

June 22, 2012 admin
The German Foreign Minister, Guido Westerwelle, considers that Italy and Spain are competitive countries will overcome the crisis by completing the structural reforms that have already started. ̶...

De Guindos confirms that sent “immediately” formal request...

June 22, 2012 admin
The Spanish Minister of Economy, Luis de Guindos, today confirmed that it sent “immediately” a formal request for help to recapitalize the bank to its European partners. “It will co...

Monti defends aid to Spanish banks without Madrid request the bailout

June 22, 2012 admin
Italian Prime Minister, Mario Monti, has advocated aid to Spanish banks without the government in Madrid was forced to formally request that Spain harbors a rescue under the umbrella of the European ...

The risk premium rises to 508 points from the assessments of the banki...

June 22, 2012 admin
The Spanish risk premium rose to 508 basis points today, only one point yesterday, after the independent appraisers hired by the Government dictating that Spanish banks would need between 51,000 and ...

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RSS Global NEWS

  • US energy revolution gathers pace
    Approval for Freeport LNG project in Texas, the first for two years, will allow it to export to countries that do not have a trade agreement with US […]
  • Dublin proposes law to hold banking probe
    With previous examinations having failed, questions remain over what regulators and politicians knew about lenders’ actions before the 2008 meltdown […]
  • Global economy lacking demand growth
    Evidence of fragmentation abounds, as the IMF chief has pointed out. For every country putting out good news, there are weaker data elsewhere […]
  • Japan PM unveils goals to boost economy
    ‘Abenomics’ has so far focused on pumping money into economy through sharply expanded monetary and fiscal policy […]
  • EU car sales inch into positive territory
    Early Easter helps carmakers end 18-month downward trend in April, though a historic low in April 2012 made for a favourable comparison […]
  • Spain records first surplus since 1971
    Figures highlight collapse in domestic demand and Madrid redirecting trade towards faster-growing economies in Asia and Middle East […]
  • US prepares red carpet for Myanmar leader
    The Myanmar leader’s hosts will look at how his country is handling rival bids – in particular a $1bn contract to upgrade and operate Yangon airport […]
  • Russia grows at slowest rate since 2009
    Russia’s economy grows at 1.6 per cent in first quarter, its slowest since 2009, after investment and commodity prices fall […]
  • US consumer sentiment nears six-year high
    More consumers gave an upbeat view about their personal finances, with the largest gains seen among households in the top third of income levels […]
  • Italy takes steps to boost economy
    Coalition government suspends the introduction of an unpopular housing tax in a big concession to Silvio Berlusconi’s centre-right party […]

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