Category Archives: Europe
Ryanair in serious incident in Spain
Ryanair is once again involved in a serious accident. A Ryanair Boeing 737 hits a US Air Boeing 767 with the wing on the taxiway before departure from Barcelona. In spite of the fact that … continue…
Comments Off on Ryanair in serious incident in Spain
French jobless total close to 13-year high
(Reuters) – The number of jobseekers in France rose for the 14th month in a row in June to hit its highest level in nearly 13 years, adding pressure on the new Socialist government, which … continue…
Spain to request EU bank aid on Saturday
(Reuters) – Spain is expected to request European aid for its ailing banks at the weekend to forestall worsening market turmoil, becoming the fourth and biggest country to seek assistance since the euro zone’s debt … continue…
Comments Off on Spain to request EU bank aid on Saturday
Chinese investment into Europe set to boom
(Reuters) – Europe is riding a gathering wave of Chinese direct investment that could bring in $250 billion to $500 billion in fresh capital this decade, generating jobs but giving policymakers headaches in return, a … continue…
Comments Off on Chinese investment into Europe set to boom
EU, Germany exploring Spanish rescue, no request yet
(Reuters) – Germany and European Union officials are urgently exploring ways to rescue Spain’s debt-stricken banks although Madrid has not yet requested assistance and is resisting being placed under international supervision, European sources said on … continue…
EU eyes new regime to cope with stricken banks
(Reuters) – The European Commission proposed far-reaching powers for regulators to deal with failing banks on Wednesday, a step towards the banking union the European Central Bank and others are pushing for to secure the … continue…
Moody’s cuts ratings of some German banks
(Reuters) – Moody’s Investors Service cut the credit ratings of several German banks on Wednesday, citing increased risk of further shocks emanating from the euro zone debt crisis and their limited loss-absorption capacity. “As a result, the … continue…
Comments Off on Moody’s cuts ratings of some German banks
Governments must restore faith in debt sustainability
(Reuters) – Governments must restore confidence in their ability to sustain their public debts, and a look at debt servicing costs in countries like Italy, Spain and Belgium shows this is not hard to achieve, … continue…
EU urges Greece to stay in euro, plans for possible exit
(Reuters) – European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms … continue…
Comments Off on EU urges Greece to stay in euro, plans for possible exit
Euro zone to prepare for Greek exit scenario
(Reuters) – Each euro zone country will have to prepare a contingency plan for the eventuality of Greece leaving the single currency, euro zone sources said on Wednesday. Officials reached the consensus on Monday afternoon … continue…
Comments Off on Euro zone to prepare for Greek exit scenario
