In protest against the austerity plan of Prime Minister David Cameron, the public sector employees are mobilized en masse on Wednesday. A strike could be the "most important in a generation." Public transport could be very disturbed by work stoppages on Wednesday.
The British public sector employees are on strike on Wednesday against pension reforms, [...]
Nov
30
Nov
18
U.S. stocks ended sharply lower Thursday as investors showed particularly nervous after the downward crossing of an important threshold for the S & P.
The Dow Jones lost 1.13% or 134.86 points at 11,770.73 points, while the Standard & Poor's 500, the reference fund managers, gave up 1.68% or 20.78 points to 1,216 , [...]
Nov
1
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 [...]
Oct
22
Progress has been made in the ongoing discussions on the sovereign debt crisis in the euro area even though the solutions remain to be found by next Wednesday, said Saturday night French President Nicolas Sarkozy.
"There is progress," he said on his arrival in Brussels where he will hold talks with German Chancellor Angela [...]
Oct
21
The head of credit ratings of sovereign debt at Fitch Ratings said he was convinced that Spain and Italy were solvent but considered Friday that the two countries were potentially illiquid.
David Riley has also held that a creditor of last resort credible was necessary to Rome and Madrid, stressing that the European Central [...]
Oct
11
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 [...]
Oct
9
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 [...]
Sep
25
There is currently no plan to recapitalize French banks and they do not need it, said the governor of the Banque de France, Christian Noyer, in an interview with Journal du Dimanche.
In case of extraordinary event, the public support mechanism used in France in 2008 is in place, says Christian Noyer, a member [...]
Sep
23
Populist and protectionist measures in the developing world are likely to increase as nations will suffer the fallout from the crisis of sovereign debt in Europe and the economic slowdown in the U.S., said Thursday the president of the World Bank, Robert Zoellick.
Zoellick warned in an interview with Reuters that a new crisis [...]
Sep
22
After a rally the day before the European stock markets closed lower Wednesday in anticipation of what the Monetary Policy Committee of the Federal Reserve (FOMC) will decide to support the U.S. economy.
The crisis of sovereign debt continues to weigh on European shares and heckle banking stocks, particularly the French – the most [...]