Angela Merkel has opposed eurobonds, which would pool the 17 eurozone nations’ debt, but left the door open to a change in policy at a later date.
Apple is now worth as much as the 32 biggest eurozone banks, including France’s BNP Paribas and Germany’s Deutsche Bank.
France and Germany unveiled far-reaching plans for closer eurozone integration, but maintained a common euro bond issuance would have to wait.
A piecemeal ban on short-selling of financial stocks in Europe sparked a rush of alternative proposals from countries and regulators.
Policymakers hopes of a peaceful holiday are shattered as bond traders turn on Spain and Italy.
The debt crisis in Europe could hit local bonds if it worsens, pushing yields higher than expected as the continent holds 35% of government’s debt.
HSBC’s new chief executive says the positions will go worldwide over the next three years after announcing first-half profits up 3% to $11.5-billion.
Greece will be ruled in default on its debt as a result of a new eurozone plan, Fitch ratings agency said on Friday.
Eurozone leaders have agreed to a sweeping deal that will grant Greece a massive new bailout and radically reshape the currency union’s rescue.
This week German Chancellor Angela Merkel quashed hopes of finding a lasting solution for Greece at the crucial summit of European leaders.
Europe’s debt crisis threatens to spill over to Italy, Spain and beyond, throwing up a fresh challenge for EU finance gathered to solve the Greek fix.
The IMF’s acting managing director has said the recovery in the euro area was broadly sound, even though growth remained uneven and moderate overall.
Tens of thousands of protesters angry about the government’s austerity policies have demanded the heavily indebted country stop paying its creditors.
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/ 11 January 2011
Japan pledged on Tuesday to buy eurozone bonds this month in a show of support for Europe’s struggle with a seething debt crisis.
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/ 14 September 2009
The eurozone is emerging from recession, the European Commission said on Monday, although it kept a gloomy forecast for 2009.
Despite data pointing to the recession tightening its grip on the European economy, a series of surveys indicate cautious optimism is emerging.
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/ 13 February 2009
The economy of the nations sharing the euro slumped further in the final quarter of 2008, contracting by a record 1,5%.
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/ 21 January 2009
Spiralling state debt is fuelling concern that the eurozone could splinter despite official assurances that a break-up is all but impossible.
Europe’s single currency zone suffered its first period of falling output during the spring as its three largest economies shrank.