EURO AREA: Fitch lowers rating of Madrid 
AFP - The rating agency Fitch said Thursday it downgraded eight Spanish regions, including that of Madrid, between one and three notches, and plans to further degrade them, because of their structural budget deficits. Besides Madrid, the regions....
Euro area: Germany is preparing a plan to support growth
From our correspondent in Berlin The German government will not slow to respond to calls from its European partners and the opposition in the Bundestag. According to information from Spiegel, Berlin is preparing a six-point plan to support growt....
aring-a-plan-to-support-growth/
EURO AREA: Opening of a European summit on the bottom of the Franco-German friction
AFP - EU leaders met to discuss growth in Brussels on Wednesday, but the disagreements of the Franco-German couple have spoken even before the summit, Translation ; ois Hollande defending Eurobonds, considered ineffective by Angela Merkel. &q...
ning-of-a-european-summit-on-the-bottom-of-the-franco-g
erman-friction/
EURO AREA: Banking: Spain can she avoid shipwreck?
The "Spain does not need any kind of external support" to save its banking sector. If Luis de Guindos, Spanish Minister of Economy, felt the need, Monday, May 21, to emphasize his country's ability to overcome its difficul...
g-spain-can-she-avoid-shipwreck/
Euro area: London turned up the heat
The Greek case is still under pressure in Europe. Yesterday, just hours before meeting at a video conference with Angela Merkel, Francois Hollande, Mario Monti, President of the European Union Van Rompuy and the European Commission Jose Manuel Bar....
eat/
EURO AREA: Germany again excludes any renegotiation of the European fiscal pact
Germany has raised its conditions Monday to President-elect French Francois Hollande, ruling out any renegotiation of the European fiscal pact and all initiatives "growth deficit" ;. "It is not possible to renegotiate t...
any-again-excludes-any-renegotiation-of-the-european-fi
scal-pact/
EURO AREA: Borrowing rates jump from Italy
Italy has seen its borrowing rates Wednesday bounce after several months of decline during a program of short-term debt much anticipated, while the euro area is experiencing a resurgence of tensions including because of concerns for Spain. The I....
EURO AREA: Greece begins erasing its debt to private creditors
Greece began Monday, as expected, the swap of its obligations under Greek law with a value of 177 billion euro, as part of its debt reduction plan by its private creditors, it was learned from the organization of Greek government debt (PDMA). Th....
eece-begins-erasing-its-debt-to-private-creditors/
EURO AREA: Madrid provides a near 25% unemployment at the end of 2012
AFP - The Spanish public deficit will significantly exceed the target set in 2012 and 5.8% of GDP, not allowing Madrid to meet its commitments to the European Commission, Friday warned the prime minister, Mariano Rajoy. "The public defic...
EURO AREA: Brussels expects a return to recession in the eurozone in 2012
The euro area will plunge into recession this year for the second time in three years and is not yet out of the debt crisis, warned Thursday the European Commission, which perc ; ilo however signs of stabilization on the horizon. Gross domestic ....
ssels-expects-a-return-to-recession-in-the-eurozone-in-
2012/
Latest Jumptags for "area:" RSS feed