Athens: Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect that leftists opposed to the terms of an EU bailout could sweep to victory in a June election and tip the euro zone deeper into crisis. The turmoil in Athens sent shock waves around other troubled members of the 17-nation European single currency area. The euro slipped below $1.28, world stocks slid and...
08:50 AM, May 16, 2012
New York: Greece's abrupt call for a referendum on EU bailout deal spooked global markets on Tuesday. Greek PM Papandreou's move threw into question the survival of efforts to contain the debt crisis. France and Germany caught unawares - they summon Papandreou for talks at Cannes before the G20 starts. Chairman of EU FMs, Jean-Claude Juncker, says Greece will go bankrupt if voters rejected the bailout package. Greek FM says...09:57 AM, Nov 02, 2011
UK's domestic economy contracted by 0.5 per cent last quarter. ...12:30 PM, Nov 17, 2008
11:11 AM, Nov 07, 2008
The economic crisis sweeping Europe was bound to affect all players. ...06:42 PM, Oct 17, 2008
Efforts are on to tame the spiralling global financial turmoil. ...01:54 AM, Oct 14, 2008
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