The Greek government made its re-negotiation platform (for talks with the Troika) public. They ask to extend the deadline for meeting the fiscal criteria by 2 years. They also want to scrap plans to cut 150K public sector jobs, repeal the 22% cut in the minimum wage and raise the income tax threshold. They apparently […]
Before the EU Summit Greece Makes its Demands Public Read More »
During this morning’s session crude oil futures prices are trading above $84.73/bbl in electronic trading. Most of the Asian equities are up near 1 percent on speculation of positive expectation from ease of debt crisis in Euro-zone. Most importantly, market will be eyeing on G-7 meet, where sign of heightened global alarm about strains in
Crude Oil and the current EU Crisis Read More »
European share markets have closed lower, with investors hesitant after recent gains on concerns over China and the eurozone and data showed the British economy in worse shape than first thought. The British economy contracted 0.3% in the final three months of 2011 compared to the previous quarter, the U.K. Office for National Statistics reported
US And EU Markets End The Day Down Read More »
This past weekend, Germany said it was willing to back a temporary increase in euro-zone funds to help prevent the debt crisis in the bloc’s periphery from jumping to other member states, according to a report Monday. According to Angel Gurria, secretary-general of the OECD: [quote]Euro-zone finance ministers meeting this week need to boost the
OECD Tells EU To Man Up Read More »
