Germany’s consumer sentiment is set to fall again in June after easing for two straight months as worsening debt crisis in Greece and high energy prices overshadowed falling unemployment and robust economic growth. View full post on All Stories
Bloomberg News reported . Repaying the debt would allow Fiat, which now owns 30 percent of Chrysler, to exercise an option to purchase an additional 16 percent stake, according to Bloomberg. Fiat … View full post on All Stories
Consumer credit advances fell by 7 per cent during March as people remained cautious about taking on more debt, new figures have revealed. Related Stories Bank of England downgrades growth figures Retailers ‘face declining growth’ Financial services complaints soar £2.5bn loans fund for small firms Bank accused over lending targets View full post on All [...]
The European Central Bank threatened on Thursday to stop lending to banks that would use Greek government bonds as collateral. The ECB would carry out the threat if Greece could successfully change the terms of its debts. The regional central bank is against the restructuring of the Greek debt because of fears it would bring [...]
Citigroup Inc., which took a $45 billion U.S. bailout after losses on subprime home loans, is boosting profits from a hedge fund that bets the bank’s money on mortgage debt — a practice regulators plan to restrict. View full post on All Stories
Deficit reduction talks involving a bipartisan group of senators are in danger of collapsing, setting back hopes that they could catalyse a compromise on long-term fiscal policy View full post on All Stories
Last month, US Assistant Treasury Secretary Mary Miller accused Standard & Poor’s of underestimating “the ability of America’s leaders to come together to address the difficult fiscal challenges facing the nation” when the credit rating agency cut its outlook on US sovereign debt. View full post on All Stories
EUROPEAN finance ministers are to meet in Brussels on Monday to discuss further support, including new loans, to Greece, which is struggling under a crippling debt burden. View full post on All Stories
European officials acknowledge that Greece needs its loans adjusted after new figures showed a deep recession and higher-than-forecast fiscal debt. View full post on All Stories
It’s an anniversary few are celebrating. A year ago Saturday, with its faltering economy days away from bankruptcy, Greece ended months of speculation and requested bailout loans. View full post on All Stories
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