Economic Rescue Package
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Tuesday 24 July 2012
Spain took another lurch towards the financial abyss yesterday as fears of a full-scale bailout sent its borrowing costs soaring and shares across the world tumbling.
Monday 23 July 2012
Investors ran for cover today as fears that Spain was next in line for a full-blown government bailout intensified.
Friday 29 June 2012
Fining a bank has little effect. What is required is naming and shaming
Tuesday 12 June 2012
Bond markets fall back after initial euphoria and European Central Bank gets tough on clearing up huge property debt
Saturday 02 June 2012
The decisive Yes on the eurozone fiscal compact is meaningful enough for Ireland itself, signalling both a clear-eyed assessment of the country's debts and a commitment to its place in the single currency. It means even more for the rest of Europe, however. As the first to vote on the treaty, Ireland has set the tone.
Saturday 12 May 2012
Greece's president will meet with political party leaders on Sunday in a last-ditch effort to broker a deal for a coalition government and avoid another general election.
Tuesday 08 May 2012
Sales hit record low as people stay at home and take shelter from the continuing wet weather
Sunday 01 April 2012
Friday 23 March 2012
A major question mark was raised over plans by state-backed Lloyds Banking Group to sell 632 branches to Co-op bank after Lloyds said the deal was proving "highly complex" and that a further market update would be needed within the next three months. Lloyds made the admission alongside plans to create 500 new jobs to help service the business when it is spun off from Lloyds.
Thursday 22 March 2012
A strike by Portugal's largest trade union confederation forced the cancellation of most public transport services today as well as hitting schools and hospital services.
Tuesday 21 February 2012
Greece won a second massive financial bailout in the early hours of today when its partners in the 17-country eurozone finally stitched together a 130 billion euro rescue, meant to avoid a potentially disastrous default and secure the euro currency's future.
Friday 17 February 2012
The leaders of Germany, Italy and Greece are “optimistic” that a deal on a second massive bailout for Athens can be clinched next week, a spokesman for German Chancellor Angela Merkel said Friday.
Wednesday 11 January 2012
The European Union stepped up the pressure today against Hungary, saying its fiscal policies were unsustainable and threatening legal action over a new constitution that some fear could push the country back into authoritarianism.
Monday 19 December 2011
George Osborne will outline plans today for a wide-ranging overhaul of the structure of Britain's major banks, forcing them to separate their high street and investment operations.
Monday 19 December 2011
Chancellor pledges to implement Vickers Plan in full in bid to avoid further bailouts
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