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Switzerland’s central bank has turned the tables on investors who have buying the Swiss franc as a safe haven and driving up its value against other currencies.
France’s finance minister has insisted that his country is not at risk of sliding back into recession as he presented an austerity budget seen as important to stabilising the euro.
Germany’s Finance Minister Wolfgang Schäuble has called for a Europe-wide reduction in government spending as he presented next year’s draft budget in parliament.
The head of the Swiss Bankers Association has said his country must solve a dispute with the United States over wealthy citizens using secret Swiss accounts to dodge taxes
Tuesday was another rollercoaster day for Europe’s financial markets as shares fell to their lowest close in more than two years.
With the credibility of the euro zone at stake over Greece‘s bailout, the wrangling goes on between Athens and Brussels.