Euro
Eurozone unemployment total reaches record highAs unemployment levels in the eurozone reached a new record high with a rate of 12.2 per cent, it has emerged that more than 40 per cent of 16-24-year-olds are unemployed in Greece, Spain and Italy. |
Sterling recovers after central bank postpones further QESterling fell against the dollar and the euro ahead of the eagerly awaited decision of the Bank of England as to whether to add to the £375bn QE programme. |
Sterling falls again and is worst performing currency of 2013Sterling hit a 30-month low against the dollar and a 16-month low against the euro as speculators sell sterling amid concerns that the currency is overvalued. |
EU agrees deal to cut budget for first time in 56 yearsAfter 25 hours of negotiations the European Union has agreed a deal to cut its annual budget for the first time in its 56-year history. |
EC President Barroso claims "threat to euro is over"The President of the European Commission, Jose Manuel Barroso has said that he believes the threat to the single currency is over. |
EC predicts UK to lead European growth rates in 2013The European Commission expects the eurozone to remain in recession for the rest of 2012 and much of 2013 but expects the UK to lead the way with growth of 0.9 per cent in 2013. |
Spanish two-year bond yields go above 7%The yield on both 10-year and shorter term bonds for Spain has increased to unsustainable levels warn investment analysts making a full bailout almost certain. |
Make your money travel further this summerThe pound is now at a three and a half year high against the euro - but holidaymakers can make their money stretch even further simply by planning ahead. |
Moody’s downgrades Germany credit rating outlook to negativeMoody’s has revised down its outlook for Germany’s AAA credit rating to negative amid the ongoing Eurozone debt crisis. |
Moody's downgrades Italy's credit rating ahead of debt auctionRatings agency Moody's has cut Italy's credit rating from A3 Baa2, just two notches above junk, ahead of a key auction of Italian debt. |
Spanish PM Rajoy raises VAT by 3% as more cuts announcedThe Spanish Prime Minister, Mariano Rajoy, has announced that he will raise VAT from 18 to 21 per cent and make further cuts as he tries to lower Spanish debt levels. |
Lagarde: IMF set to cut global growth forecastsChristine Lagarde has announced that the IMF is to lower global economic growth forecasts after highlighting the Eurozone debt crisis as a “key risk”. |
EU agrees to help Italy and Spain lower borrowing costsAfter a night of talks in Brussels, Germany has made concessions to allow the EU's bailout fund to lend directly to Spain and Italy, meaning the loans won't count as government debt. |
Merkel rejects joint liability on debt ahead of vital EU summitThe German Chancellor, Angela Merkel has rejected proposals for joint liability on EU debt ahead of a crucial summit that begins on Thursday. |
European stock markets fall sharply ahead of vital EU summitBoth the Italian and Spanish stock markets have fallen by more than four per cent today as tensions mount over whether this week's EU summit will produce a solution to the euro debt crisis. |
Former PM Blair says UK faces "interesting choice" over euroThe former Labour Prime Minister, Tony Blair says the UK could face an "interesting choice" over whether to join the euro of the current crisis is resolved. |
Euro under ‘acute stress’ as leaders hold crunch talksSpain will need an extra €62bn to protect against financial upsets, an independent audit shows, while the IMF chief has warned that the Euro is under "acute stress". |
Euro optimism shortlived as Spain's borrowing costs rise againOptimism from the Greek election on Sunday that saw pro-euro parties elected has proved shortlived as yields on both Spanish and Italian ten-year government bonds rise. |
Markets rally as pro-bailout party wins Greek pollMarkets across the world leapt with relief this morning after a further round of elections in Greece saw the pro-bailout conservatives take victory. |
Future of euro hinges on Greek election resultsGovernments across the globe are waiting for the results of the re-run of the Greek election that will dictate the next development in the euro debt crisis. |
Spain's ten-year borrowing costs briefly breach 7%Spain’s borrowing costs briefly breached seven per cent andreached record levels following yesterday’s downgrade by Moody’s to one notch above 'junk'. |
Osborne says euro debt crisis is killing off UK recoveryThe Chancellor, George Osborne said in an article today that the euro debt crisis is impacting the UK's ability to emerge from the doldrums but Ed Balls says he is making excuses. |
Spain becomes 4th eurozone country to require a bailoutSpain has called for an international bailout of up to €100 billion to help recapitalise its struggling banks ahead of a re-run of the Greek election. |
George Soros warns there is just 3 months left to save the euroBillionaire investor, George Soros has warned that there is just three months left to save the euro as domestic pressures in Germany mean further bailouts are not likely. |
Fears that flow of funds out of Spain will become a rushThe Spanish central bank confirmed that €97 billion left Spain in the first three months of 2012 and there are fears that this could increase affecting capital buffers and liquidity. |
Newsletter sign up