Financial News, Economic Education, Analysis

The government should announce on Tuesday a record deficit of foreign trade of France close to 70 billion euros in 2011.
70 billion euros, the amount of foreign trade deficit for the French government plans to announce Tuesday. An absolute record much higher than the previous record set in 2008.
Secretary of State for [...]

AT & T said Thursday it included in its accounts an exceptional charge of four billion dollars (3.0 billion) to cover the cost of a possible failure of his proposed takeover of T-Mobile, an operation whose outcome seems increasingly compromised.
The U.S. operator and Deutsche Telekom, parent company of T-Mobile, ensured continued efforts to [...]

The Japanese bank Mizuho will remove 3,000 jobs in response to the deteriorating economic climate marked by weak demand for credit and a difficult economic environment at the international level.
Mizuho Financial Group announced the elimination of these positions, which represent about 5% of its workforce, by March 2016 in connection with the merger [...]

Commerzbank may need assistance from the German government to comply with new European requirements for capital if the economy continues to slow, given the poor results recorded recently by the group, said Monday the agency Fitch Ratings.
Last week, Germany's second largest bank, owned 25% by the German federal state, however, had said she [...]

A cabinet meeting will be held tonight to accept the austerity measures agreed at the Summit of the rescue of the euro on October 28 in Brussels. The Italian prime minister Silvio Berlusconi at the European Summit of October 23, 2011
The Italian government said Wednesday in a statement the convening of an extraordinary cabinet [...]

The gamble of George Papandreou destabilizes markets. A "no" to the Greeks in the referendum, which will probably take place in January, could force the country to default. And, ultimately, out of the euro area. The Greek Prime Minister George Papandreou.
The euro area has suddenly plunged into turmoil Tuesday after the surprise announcement of [...]

PSA Peugeot Citroen said Wednesday its intention to eliminate 3,500 jobs in Europe in 2012 as part of strengthening its cost savings.
The automaker said that 2,500 jobs would be lost in the structure functions, while the enrollment decline in production is estimated at 1,000 positions.
In addition 2,500 jobs will be cut [...]

The leader of the ultra-liberal Freedom and Solidarity (SaS) is threatening not to support the strengthening of the European Financial Stability Fund (EFSF). Slovakia is the latest European country to not voting the text. Slovak Prime Minister Iveta Radicova and the president of Freedom and Solidarity Movement (SaS) Richard Sulik in negotiations for el parliamentary [...]

Propelled to the head of Dexia in 2008 after a first rescue Franco-Belgian bank, Pierre Mariani will ultimately failed to recover the former world number one local government financing trapped in the quagmire of debt crisis sovereign within the euro area.
Former director of cabinet of Nicolas Sarkozy during his visit to the Department [...]

Friday Fitch downgraded the rating of Italy a notch and that of Spain in two, citing a worsening debt crisis in the euro area and the risk of fiscal slippage in both countries.
Note of Italy fell from AA-to A + and that of Spain AA + to AA-.The prospect of the two countries [...]