Euro Zone Crisis

  • Dollar gains, shares dip as US election relief fades 07-11-2012 09:01 PM

    London: The dollar rose and world shares turned lower on Wednesday as investors worried about the outlook for the US and euro zone economies after President Barack Obama's re-election. Wall Street share futures, which had pointed to a higher open on relief over the clear election outcome, also reversed course...
  • EU break-up would be catastrophic: Soros 06-01-2012 12:42 PM

    Hyderabad: A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying in Hyderabad on Thursday. "Today, the euro is potentially endangering the political cohesion of the European Union," the Business Line newspaper...
  • Fitch warns may downgrade 6 euro zone nations 17-12-2011 09:37 AM

    New York: Fitch Ratings on Friday warned it may downgrade Belgium, Italy, and four other euro zone countries in the absence of a "comprehensive solution" to the region's debt crisis. The ratings agency placed the ratings of Belgium, Spain, Slovenia, Italy, Ireland and Cyprus in credit watch negative, which means...
  • IMF Chief warns of another great depression 16-12-2011 08:27 AM

    Speaking at the US State Department Christiane Lagarde speaking on escalating euro zone crisis also called for collective action. ...
  • Greek parties agree speaker as new PM, barring snags 10-11-2011 02:56 AM

    Athens: Greek Prime Minister George Papandreou said he was stepping down on Wednesday without naming his successor as the nation heads towards an economic precipice, but party sources said political leaders had agreed it would be the speaker of parliament. Parties from left and right settled on veteran socialist Filippos...