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The start of the business week on Monday saw impacts of the “Black Friday” lunge at European creditworthiness, by a leading US credit ratings firm.
The company, Standard and Poor’s, down -graded nine members of the 17-member Eurozone group, in its Sovereigns Ratings List, on 13.1.12. … Read More »
The business week that ended on Friday (5.8.11) saw stock markets slump, the European debt crisis getting worse, and widespread fears of a failure of economic recovery on both sides of the Atlantic. … Read More »
The Greek government has won a confidence vote in parliament that has enhanced the chances of the EU budget bail-out continuing. … Read More »
Voting in the Portugese elections (5.6.11) produced a clear victory for the centre-right Social Democratic Party, mandating a privatisation and government austerity program. … Read More »
The European Union’s Ambassador to Australia, David Daley, has echoed his Australian counterpart in Brussels, in pronouncing the final end of conflict over trade in agriculture. … Read More »
European Union Finance Ministers have been debating the application from Portugal for special loans, while some added pressure comes from a rise in official interest rates. … Read More »
In Brussels, EU heads of government were worrying again over the debt crisis, while not far away, the NATO alliance was taking over control of the no-fly patrol over Libya. … Read More »