Weaker demand and measures to boost competition will help contain Greece's rising consumer inflation, Finance Minister George Papaconstantinou was on Tuesday quoted as saying. Greek consumer inflation jumped to a 13-year high
Citigroup said on Monday it is preparing to remove Greek government debt from its World Government Bond Index, a key benchmark for sovereign credit, after Moody's Investors Service cut its rating to
Asian stocks slipped on Tuesday, snapping a five-day winning streak, as worries about Europe's debt problems returned after Greece was downgraded to junk status, a move which also stymied the euro's rally.
German government bonds opened higher on Tuesday after Moody's investors service cut Greece's credit rating to junk late the previous day, refocusing market attention on Europe's debt problems. Moody's downgraded Greece four
Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the
Greek bank stocks gained 4.8 percent on Monday, leading the Greek equities market higher, as they continued to rebound from oversold levels amid optimism over fiscal consolidation targets, traders said. "There are
Britain's newly created budget watchdog downgraded economic growth forecasts on Monday but did not radically alter the scale of austerity measures required from the country's coalition government. Business Britain's economy will grow
As 2009 drew to a close, Europe's common currency appeared to have weathered the worst global financial crisis since the Great Depression with barely a scratch. Countries outside the euro area, from
Market supervisors in the European Union could be given powers to temporarily ban naked short selling of credit default swaps and shares in times of extreme volatility, the bloc's executive body said
World stocks rose 1 percent on Monday to their highest level in over a week and heading for their fourth straight day of gains as investors banked on global economic recovery to
