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By Jennifer Ryan and Ian Katz, Bloomberg |
May 10, 2013
U.S. Treasury Secretary Jacob J. Lew said European policy makers are still falling short in efforts to revive their economy, intensifying pressure on them to further ease their budget-cutting.
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By Justin Pugsley |
May 9, 2013
There are growing signs that the Eurozone might be shifting away from its program of austerity. If that does prove to be the case, it is likely to be very supportive for risk currencies generally and risk assets such as commodities and equities.
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By James Hertling, Bloomberg |
May 6, 2013
French Finance Minister Pierre Moscovici declared the era of austerity over after his German counterpart offered flexibility on deficit cutting amid renewed bickering between Europe’s two biggest economies.
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By Angeline Benoit and Ben Sills |
April 26, 2013
Spanish Prime Minister Mariano Rajoy sought a two-year extension to meet European Union deficit rules, as he lowered his growth forecast and predicted little relief from a record 27% unemployment rate.
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By Philip McBride Johnson |
March 26, 2013
The fact that "sequestration" will be a drag on the Government's operations may please many people, not least those who have found themselves under federal investigation or pending charges.
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By Jonathan Stearns, Bloomberg |
March 12, 2013
The European Union completed a framework for tougher controls on spending by euro-area governments in a German-led bid to prevent a repeat of the debt crisis that has threatened to break apart the single currency.
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By Justin Pugsley |
February 27, 2013
Italian voters, though not handing outright victory to any particular party, rejected austerity at the polls. That policy could be nearing a reality check.
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By Allison Bennett and Neal Armstrong, Bloomberg |
November 27, 2012
The euro fell from the highest this month against the dollar on concern a deal for Greece to buy back its bonds may falter, holding up disbursements of bailout funds to the nation.
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By Allison Bennett and Neal Armstrong, Bloomberg |
November 26, 2012
The euro fell for the first time in six days against the yen as European Union finance ministers gathered for a third meeting this month to try to reach agreement on aid for Greece.
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By Angeline Benoit and Ben Sills, Bloomberg |
September 27, 2012
Spanish Prime Minister Mariano Rajoy’s nine-month-old government announced its fifth austerity package in what may be a move to head off tougher conditions demanded as part of a potential European bailout.
