Financial News, Economic Education, Analysis

The Portuguese prime minister said Wednesday that his country would be vulnerable if a member country of the euro area was defaulting on its debt.
"I do not want a country will default but if it happens, obviously (…), we would be vulnerable to an event of this nature," said Pedro Passos Coelho to [...]

Greek Prime Minister George Papandreou on Sunday chaired a cabinet meeting to decide which new austerity measures to ensure continued funding of a plan of international aid.
Inspectors from the International Monetary Fund and the European Union will hold a conference call Monday with Finance Minister Evangelos Venizelos to learn what steps will be [...]

French banks have agreed to exchange more than 90% of Greek bonds they currently hold in the second aid package to Greece decided in late July, said Friday the Minister of Economy, Baroin.
"We can say that we are, with respect to the positions of French banks that have positions in Greece, that one [...]

European shares retreated again Friday morning after a black day, weighed down by fears of a recession in the United States. The latest information. Traders at the New York Stock Exchange, August 18, 2011
11:17: The Greek GDP could shrink by more than 4.5% in 2011 against 3.8% expected, announced Friday the Greek finance minister, [...]

The Paris Bourse offers a bounce in early trade Thursday after eight consecutive sessions of declines, markets have been burdened by the slowing U.S. economy and fears of contagion from the debt crisis in Italy Spain.

The Italian Parmalat, which was acquired in June by French Lactalis, Thursday lowered its forecast for gross operating income for fiscal 2011, due to low consumption in Italy.
The company anticipates an EBITDA of 365 million euros in 2011, against 377.3 million euros in 2010 and 385 million originally expected.
However, Parmalat expected [...]

Allied Irish Banks (AIB) has suffered a first half underlying loss of 2.6 billion euros, due to an increase in the number of nonperforming loans.
The bank, however, think that 2011 will be the last year marked by heavy losses on the loans it has granted.
Old value of star Irish banking sector, [...]

The traditional sector study conducted by the Crédit Agricole and LCL confirms the upturn in the French industry. However, the effects of the crisis are far from being cleared and many areas may never recover their production level of 2007. A worker at the assembly plant Alstom TGV Reichshoffen.
We should not shun the good [...]

MPs passed a tax increase on the sale of housing divorced couples. Women may be the first to suffer. With 130,000 divorces annually, the right to share is expected to generate nearly 323 million euros next year.
Wednesday, June 29, tax reform has finally been confirmed by joint committee (CMP). To review the tax shield, [...]

Japanese stocks ended up Wednesday in the wake of Wall Street, after the announcement of an increase in industrial production in the archipelago and as investor concerns over Greece seemed to temporarily subside.
The Nikkei gained 1.54% or 148.28 points to 9797.26 points, while the Topix, broader, taking 1.66% or 13.77 points to 844.11 [...]