| Yahoo! News: Business - European Economy |
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01/28/2012 03:17 PM
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IMF chief presses for more cash to fight crisis
(AP)
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AP - The head of the International Monetary Fund appeared to be making headway Saturday in her drive to boost the institution's financial firepower so that it can help Europe prevent its crippling debt crisis from further damaging the global economy.
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01/28/2012 02:53 PM
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IMF leads global push for euro zone to boost firewall
(Reuters)
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Reuters - International Monetary Fund chief Christine Lagarde led a global push on Saturday for the euro zone to boost its financial firewall, saying "if it is big enough it will not get used."
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01/28/2012 12:33 PM
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Deficit focus questioned as answer to euro crisis
(AP)
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AP - Europe is getting tougher on government debt. After more than two years struggling to rescue financially shaky governments, leaders of the 17 countries that use the euro are ready to agree on a treaty that will force member countries to put deficit limits into their national laws.
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01/28/2012 09:37 AM
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AP Interview: Roubini warns of tough times ahead
(AP)
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AP - Economist Nouriel Roubini, nicknamed "Dr. Doom" for his gloomy predictions in the run-up to the financial meltdown four years ago, says the fallout from that crisis could last the rest of this decade.
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01/28/2012 05:35 AM
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Fitch cuts Italy, Spain, other euro zone ratings
(Reuters)
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Reuters - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years.
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01/28/2012 01:10 AM
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Some G20 countries soften stance on Europe: sources
(Reuters)
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Reuters - Some of the world's biggest economies want to move quickly on a cash injection for the International Monetary Fund to help rescue the euro zone, but hardliners may still scupper an early deal to boost the fund's war chest, G20 sources said on Friday.
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01/28/2012 12:37 AM
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AP Exclusive: Vatican rewrites money launder law
(AP)
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AP - The Vatican has rewritten its 2010 anti-money laundering law after European inspectors found that it didn't fully meet their tough standards to combat the financing of terrorism.
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01/27/2012 11:20 PM
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Iran hits back at EU with own oil embargo threat
(Reuters)
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Reuters - Fighting sanctions with sanctions in a test of strength with the West over its nuclear ambitions, Iran warned on Friday it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.
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01/27/2012 07:52 PM
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Greece locked in parallel talks over debt
(AP)
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AP - Greece was locked in a twin effort Friday to placate its creditors, seeking to secure a crucial debt relief deal with private investors while also tackling pressing demands from its European partners and the IMF for deeper reforms.
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01/27/2012 07:46 PM
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Spain unemployment hitting nearly 1 of 4 workers
(AP)
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AP - Spain's brutal unemployment rate soared to nearly 23 percent Friday and closed in on 50 percent for those under age 25, leaving more than 5 million people — or almost one out of every four — out of work as the country slides toward recession.
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