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News

  • 13 October 2011

    IMF cuts growth forecast for Asia

    The International Monetary Fund (IMF) has cut its growth forecasts for Asia over worries about eurozone debt and new fears for the US economy.

  • 10 October 2011

    Paris and Berlin join forces in fight for eurozone

    The French and German leaders have held another crisis summit on the Euro in Berlin as the EU’s lead pair attempt to speak with one voice.

  • 7 October 2011

    Italy and Spain downgraded by Fitch

    The European debt crisis continues to bite — late on Friday the Fitch agency downgraded Italy’s sovereign credit rating to A+, it was the first such cut for Italy in nearly 20 years.

  • 5 October 2011

    Germany backs recapitalisation of banks

    German Chancellor Angela Merkel on Wednesday said her government would recapitalise banks if required, but stressed that Europe must agree uniform criteria for doing so.

  • 3 October 2011

    Euro zone inflation jumps

    Inflation in the 17 countries that share the euro unexpectedly rose in September to three percent.

  • 30 September 2011

    Greek state workers block audit talks

    Angry civil servants demonstrating against austerity measures blocked Greek government buildings for a second day on Friday.

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