News Archive: economics: 2011

07, 2011 November:

Italy warned by ECB and IMF over reforms

A member of the European Central Bank's governing council has warned it may stop buying Italian debt if the government does not adopt promised financial reforms.

27, 2011 October:

Leaders agree eurozone debt deal after late-night talks

European leaders have reached a "three-pronged" agreement described as vital to solve the region's huge debt crisis.

26, 2011 October:

EU crunch time: Your real estate escape routes

The world is watching Brussels today, where EU leaders are meeting to discuss the eurozone debt crisis. Disagreements between countries have fuelled fears that the crisis will only continue, but as property prices, taxes and demand fluctuate, careful buyers can still make a sound investment. It's crunch time for the EU, so where are your real estate escape routes?

22, 2011 September:

Video: IMF: World economy enters "dangerous new phase"

The International Monetary Fund has said the global economy is in a "dangerous new phase" this week. The IMF comments arrive as Standard & Poor lowers Italy's debt rating, in a week where financial forecasts are looking gloomy.

20, 2011 September:

Berlusconi denounces Italy debt downgrade

The Italian prime minister has said that Standard & Poor's (S&P) decision to downgrade its unsolicited ratings on Italy did not reflect reality and said his government was already preparing measures to spur growth.

15, 2011 August:

Italy has taken "decisive action" with plan to cut deficit, Sarkozy says

Italy has taken "decisive and rigorous action" with new plans passed on Aug. 12 to cut its deficit and balance its budget by 2013, French President Nicolas Sarkozy said in a telephone call with Prime Minister Silvio Berlusconi.

18, 2011 July:

Euro, stocks decline on European crisis concerns

The euro dropped the most in a week against the dollar, Italian and Spanish bonds slumped, while shares slid on concern Europe’s debt crisis is worsening.

Italian parliament adopts whopping austerity budget

Italy's parliament on Friday gave final approval on Friday to a whopping 48-billion-euro ($68-billion) austerity budget aimed at slashing the public deficit by 2014 and reassuring nervous financial markets.

12, 2011 July:

Italy is 2 percentage points from disaster, evolution says

Italian bond yields are less than 2 percentage points away from disaster as its 10-year notes tumble, according to Gary Jenkins, head of fixed-income at Evolution Securities Ltd.

07, 2011 April:

European Central Bank raises interest rates

The European Central Bank lifted interest rates for the first time in almost three years to quell inflation even as Portugal became the third nation to succumb to the region’s sovereign debt crisis.

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