No image available
/ 22 October 2011
Europe has piled pressure on banks to write off vast Greek debts as leaders struggle to come up with a lasting answer for its credit crisis.
No image available
/ 22 October 2011
The IMF is not seeking more funds from Gulf Arab oil exporters to bolster its resources and the region faces no major danger from the eurozone crisis.
No image available
/ 21 October 2011
As the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa
Day two of protests in Greece have seen demonstrators march to Parliament against austerity measures required by the IMF and the European Union.
Day one of Greece’s two-day strike that threatened to be the largest in years has grounded flights, disrupted public transport and shut down schools.
No image available
/ 19 October 2011
A double-notch downgrade of Spain’s credit rating has piled pressure on Europe’s leaders to make progress on solving the region’s debt crisis.
No image available
/ 18 October 2011
Scepticism over Europe’s ability to deliver a proper solution to its debt troubles and a warning from Moody’s weighed on world market sentiment.
No image available
/ 17 October 2011
Spurred by positive intent shown by European ministers to address the eurozone’s debt crisis, the JSE made early gains in morning trade.
No image available
/ 17 October 2011
The eurozone and Greece face their "most critical week" as they battle to reach a solution to the debt crisis, says George Papandreou.
ECB President Jean-Claude Trichet says the EU treaty should be changed to prevent one member state from destabilising the rest of the bloc.
No image available
/ 15 October 2011
The eurozone will decide at a summit next weekend about how much of a loss private investors will be asked to take on Greek bonds.
Hooded demonstrators have clashed with police in some of the worst violence in the Italian capital, setting cars on fire and breaking shop windows.
The world’s leading economies are pressing Europe to act boldly within eight days to resolve the eurozone’s sovereign debt crisis.
No image available
/ 15 October 2011
The world’s leading economies kept the pressure on Europe to sort out its debt crisis, with the urgency to be expressed at the end of the meeting.
No image available
/ 14 October 2011
Angela Merkel and Nicolas Sarkozy have drawn up a package to counter debt crisis — but refuse to reveal details.
South Africa could use its foreign exchange reserves if necessary to relieve market stress caused by global turmoil, says Pravin Gordhan.
No image available
/ 11 October 2011
Troika inspectors gave a lukewarm approval for a vital aid tranche to Greece, saying Athens was lagging on reforms needed to exit its debt crisis.
No image available
/ 10 October 2011
Europe’s second-biggest lender says it would lose up to €800-million this year and not pay a dividend due to the eurozone’s sovereign debt.
French President Nicolas Sarkozy says Europe must "have resolved its problems" by the time G20 leaders meet in November.
German Chancellor Angela Merkel will thrash out differences with French President Nicolas Sarkozy over how to use the eurozone’s financial fire power.
Welcome to the new normal. Billions of pounds were wiped off the value of shares in London on October 4.
Many Greeks, their lives ravaged by the debt crisis, are thinking of emigrating like hundreds of thousands who left for foreign shores after WWII.
Stocks slid again as Europe struggled to contain a debt crisis in Greece that is threatening to plunge the continent back into recession.
Greece’s admission that it will miss its deficit targets for 2011 and 2012 hit European shares, with banking stocks among the worst performers.
British Prime Minister David Cameron says the eurozone has to get on with fixing its financial problems or risk pulling down the entire world economy.
Austria’s finance minister says Greece will more likely than not receive the next tranche of bailout cash it needs to stave off bankruptcy.
Greek officials have held talks with EU and IMF negotiators to free up urgently needed bailout loans.
UK finance minister George Osborne says Britain must stick to its austerity drive and avoid tax cuts while it tries to wipe out a record deficit.
No image available
/ 29 September 2011
Angela Merkel has won her toughest challenge yet as German chancellor by pushing through changes to a rescue fund for the eurozone debt crisis.
South Africa needs to look in other parts of the world to diversify its trade, and not focus only on Europe, Finance Minister Pravin Gordhan says.
The global economy is close to another "Lehman-type" event and SA needs to cushion itself by reducing its dependence on European export markets.
No image available
/ 24 September 2011
European policymakers are quickening their preparations to cope with an escalation of the region’s debt crisis.