Article | January 8, 2012 - 6:25pm
Mario Monti, Italy’s premier has raised concerns about the planned EU sanctions against Iranian oil exports. The financially troubled state gets 13% of its oil from Iran.
Article | January 6, 2012 - 12:16pm
Last week, the markets released a positive appraisal of the Eurozone, together with a warning. The good news came in the form of two successful debt-paper auctions, one by the French treasury and the other by the EFSF, the EU's capital markets’ arm.
Article | January 5, 2012 - 4:37pm
A good reception in capital markets met the first issues of French government debt paper on 5 January, despite fears of an unfavourable welcome and threats from rating agencies.
Article | January 5, 2012 - 1:16pm
The European Financial Stability Facility (EFSF), the EU's financial arm that aims to support Eurozone countries in distress, is to issue its first loan this year, to help Ireland and Portugal honour their obligations.
Article | January 4, 2012 - 12:53pm
Despite the fact that many English-language commentators and economists predicted the fall of the Eurozone even before the introduction of the euro, and a lot of money-spinners are now betting on the same thing, the probability of this happening is in fact non-existent.
Article | January 3, 2012 - 4:28pm
With the ‘Greek tragedy’ still unfolding, following two years of austerity programmes that have sent the economy to its deepest-ever recession and almost completely dissolved political and social cohesion, the final outcome is that the end of 2011 found the government accounts in a worse position than at the end of 2010.
Article | January 2, 2012 - 1:15pm
On 30 December 2011, New Europe reported that, according to the EU’s statistical service Eurostat, the Eurozone recorded a trade surplus of €1.1 billion in October last year, following another significant positive foreign trade balance in the preceding month of €3.1bn.
Article | December 18, 2011 - 5:32pm
The new set of regulations proposed by the European Banking Authority (EBA) calling on banks for increasing capital met a sizeable hurdle last week from Italy.
Article | December 16, 2011 - 12:38pm
With the realisation of the 8-9 December decision by the 26 EU countries to create a stronger fiscal union (without Britain), individual countries’ problems seem to have passed in a second plan, despite the undeniable fact that the success or failure of Greece, Italy, Spain, Portugal and Ireland to control their deficits and state debts...
Article | December 14, 2011 - 11:23am
Article | December 13, 2011 - 5:39pm
A new negotiations round was concluded on 13 December in Athens between the Greek government and the representatives of its private creditors, aka banks, over the application of the Private Sector Involvement (PSI) in cutting down the country’s debt, namely a debt ‘haircut’.
Article | December 13, 2011 - 4:01pm
Mario Monti, the newly installed Italian leader, is trying to crack down on the countries notoriously high levels of tax evasion and may even introduce a ‘wealth tax’.
