World news about “Debt crisis” published by euronews.
Spain jobless restaurant customers work rather than pay the bill People who cannot afford to eat out are being offered an alternative menu by a Spanish restaurant: do an hour’s work rather than pay the bill. In a move… 19/05/2013
Slovenia gets tough on budget deficit with mass sell-off Slovenia has decided to bite the bullet to avoid a bailout as its budget deficit soars this year to 7.8 percent and it struggles to pay its bills. The… 09/05/2013
Athens mayor denounces Golden Dawn ‘soup kitchen of hatred’ Members of Greece’s far-right party Golden Dawn party clashed with police in Syntagma Square who prevented them from handing out free food in the iconic… 02/05/2013
The end of austerity in Europe? High-placed political figures have been agreeing that other ways must be found to readjust fiscal formulas that are crushing so many people in… 26/04/2013
Spanish government targets economy rebound in 2014 Spain will see its economy shrink by 1.3 percent this year, with a return to growth in 2014. At a news conference to unveil new measures to revive the… 26/04/2013
European austerity programmes based on Excel error? The economic theory underpinning austerity policies being followed by governments world wide may be flawed. That is the allegation made in a study by the… 18/04/2013
IMF sees bumpy recovery The International Monetary Fund has trimmed its projections for global economic growth for this year and next. It says that is to take into account sharp… 16/04/2013
EU approves Cyprus bailout As Europe’s finance ministers arrived for a meeting in Dublin, we learned that Cyprus does need more money for its bailout but that will not come from the … 12/04/2013
Lenders consider seven year extension for Portugal loan repayments International lenders have recommended that Portugal should get an extra seven years to repay loans to the European Union. The move would offer a… 10/04/2013
OECD warns on Slovenian banks Slovenia, which is trying to avoid becoming the eurozone’s next bailout victim, may have “significantly” misread the cost of fixing its troubled banks… 09/04/2013
Italy to pay 40 bn euros it owes private firms Italy’s caretaker government is expected to approve a decree law to pay the huge sums it owes to private companies. If passed the state will pay some 40… 04/04/2013
Contradictory times at the Bank of Japan Even as the Bank of Japan’s new governor Haruhiko Kuroda is set to aggressively pump cash into the economy to revive it, he has warned that the country’s debt… 28/03/2013
Truckloads of cash stock up Cyprus banks Ahead of the re-opening of Cypriot banks on March 28, the Central Bank of Cyprus sent private security vans packed with cash to stock them up. The European… 28/03/2013
Cyprus: banks open but no free access to money People living in Cyprus are again able to use banks on the island for the first time in two weeks as they finally reopened today. Branches are open between… 28/03/2013
Fresh fruit and veg sales halved as Cypriots feel the squeeze No sector of the Cypriot economy is immune from the banking crisis that is eroding morale and squeezing cash out of the system. Even sales at the cheaper… 27/03/2013
Bank of Cyprus staff protest at Nicosia headquarters People working for the largest bank in Cyprus massed at the Nicosia headquarters in support of the bank’s chairman, who has resigned in the wake of the… 26/03/2013
Bank of Cyprus chairman resignsAndreas Artemis, the 59-year-old chairman of the Management Board of the Bank of Cyprus, has submitted his resignation. Local media reported that Artemis… 26/03/2013
Cyprus banking chaos continues With banks in Cyprus closed until March 28 and restrictions in place on how much money can be transferred or withdrawn from accounts, the mood in Nicosia is… 26/03/2013
President Anastasiades explains “painful” bailout decision in TV address Heralding the beginning of the bailout, Cypriot President Nicos Anastasiades addressed a nation braced for traumatic changes. The deal struck in Brussels… 25/03/2013
Accusations fly in Cyprus bailout fallout The streets of Nicosia appear calm as the bailout fallout begins to hit home in Cyprus. Facing massive job losses and economic turmoil under the new loan… 25/03/2013
Moscow’s mixed messages over Cyprus After rejecting desperate pleas from Cyprus last week, President Vladimir Putin finally agreed to ease the terms of a 2.5 billion euros loan from Moscow… 25/03/2013
Greeks look nervously at Cyprus Today is normally a day of joyful celebration in Greece, remembering the push for independence from Turkey in 1821, with military parades and a public… 25/03/2013
Cyprus Foreign Minister defends bailout as only option to save the economy Cyprus had no choice but to accept the latest 10 billion euro bailout deal according to Foreign Minister Ioannis Kassoulides. Speaking at a ceremony… 25/03/2013
Cypriots wonder what future will hold The Cyprus bank clean-up has begun, but there is a throbbing hangover to deal with after the country’s worst crisis in nearly 40 years. It is back to the… 25/03/2013
Sarris insists ‘disaster avoided’ for Cyprus Disaster avoided for the many maybe, pain for the few for sure, and a palpable sense of relief on the podium as Cyprus’s Finance Minister promised the banks… 25/03/2013
‘Disaster avoided’ as Cyprus agrees EU bailout deal Cyprus has clinched a last minute deal with international lenders to secure a 10 billion euro bailout and avoid financial meltdown. A casualty of the… 25/03/2013
Protest amid Cyprus/Brussels talks As Cypriot politicians held talks in Brussels trying to secure a last minute bailout dozens of people in Cyprus marched in protest. The Mediterranean… 25/03/2013
Last minute bid to save Cyprus from financial collapse European finance ministers arrived in Brussels on Sunday for last-ditch talks, aimed at averting financial meltdown in Cyprus. The European Central Bank is… 24/03/2013
Cyprus bailout talks move to Brussels Cypriot President Nicos Anastasiades will be taking part in Sunday morning bailout talks in Brussels as negotiations reach a delicate stage. Earlier… 24/03/2013
An Irish view on the banking crisis in Cyprus Not for the first time in history of the eurozone is a country paralysed by a banking crisis. In Ireland in 2007 the housing bubble burst, house prices… 24/03/2013
MPs approve vital measures to keep Cyprus afloat MPs in Cyprus have voted to create a ‘national solidarity fund’, to restructure the island’s banks and to give the government power to impose capital… 23/03/2013
Cypriots on life without money: ‘It’s as if we’re at war’Five days after Cyprus’ panicked leaders ordered banks to close their doors, the fate of the financial system hangs in the balance and credit cards are going… 22/03/2013
Bemused Cypriots wonder what has hit them Siege mentality has gripped Cyprus, with banks closed, people on a drip feed of limited daily funds, and the looming possibility of a bank crash hanging over… 22/03/2013
EU begins its soul searching on Cyprus The soul searching in Brussels is underway after Cyprus became the first member state to reject the conditions of EU assistance. Liberal MEP Guy Verhofstadt… 20/03/2013
Cyprus rejects Eurogroup’s savings levy and bailout deal The Cypriot parliament has rejected the EU/IMF bailout for the country’s banks. Support for the deal, which would have involved a one-off charge on all… 19/03/2013
Cyprus bank customers on bailout hook Anxious residents of Cyprus with money in the bank have been unable to take it out.Cash dispensers have dried up and bank doors are locked. The bank accounts… 18/03/2013
EU touchy over Cypriot deposit raid In the European capital Brussels there is nervousness over the Cypriot deposit seizure. Fears of social unrest and a run on the banks focused minds, but no… 18/03/2013
Russia angered by Cypriot bank levy Moscow has reacted angrily to the levy on bank accounts in Cyprus. President Vladimir Putin says it is “unfair and sets a dangerous precedent,” and the… 18/03/2013
Cypriot ministers delay vote, try to revise bank tax plan Ministers in Cyprus are rushing to revise a plan to seize money from private bank deposits as part of a 10 billion euro EU bailout. The shock announcement… 18/03/2013
Cyprus postpones bailout debate until Monday The Cypriot parliament’s debate on the savings tax that shocked the entire nation will now take place on Monday. The president postponed the debate to gain… 17/03/2013
Cypriots face up to savings tax challenge The flood of people to bank cashpoints in Cyprus over the weekend appears to have come to an end, but that was not because fears about an EU charge on savings… 17/03/2013
Cyprus holds fire on savings tax debate until Monday Cyprus’s president has postponed a meeting due to debate the EU’s proposed levy on bank savings, and parliament has followed suit, delaying an emergency… 17/03/2013
Cyprus savers to be hit by bailout levy Shock has turned to panic in Cyprus as the terms of a Brussels backed bailout became known. A one-off levy on personal savings drove many to withdraw what… 17/03/2013
Shock in Cyprus over bailout levy on bank deposits Cypriot savers have been queuing at cash machines – after waking up to the news that Brussels plans to enforce a levy of up to 10 percent on bank deposits as… 16/03/2013
Bundesbank’s boss frets over France and Italy First an inconclusive election, then a credit rating cut for Italy. It keeps troubling the markets and testing them with each bond auction. Do investors have… 16/03/2013
Eurogroup and IMF agree on Cyprus bailout After ten hours of talks the deal was struck! Eurozone finance ministers and IMF chief Christine Lagarde agreed to a ten billion euro bailout for Cyprus –… 16/03/2013
Cut jobs, get cash – formula for Greece to stay afloat Greece’s international lenders say the country has made “significant progress” with its economic reforms, but no deal has been reached on the latest 2.8… 14/03/2013
Tens of thousands march throughout Spain Tens of thousands of demonstrators have once more taken to the streets across Spain. They are angry about levels of unemployment and the government’s… 11/03/2013
Election costs Italy another downgrade Fitch cut Italy’s sovereign credit rating on Friday. It was reduced from A-minus to BBB-plus with a negative outlook. The rating agency said that was… 08/03/2013
Spanish mums strip off to save school bus line A group of Spanish mothers has decided to bare all to save their school bus line. The action for a calendar is aimed at raising some 43,000 euros after… 29/12/2012
Banking measures set to restore confidence – Draghi The European Parliament’s Economic and Monetary Affairs Committee has heard that new European Central Bank powers to oversee eurozone banks will help restore… 17/12/2012
Italy passes debt test Italy’s borrowing costs fell at its latest auction of short-term government bonds. That means Rome has passed the first debt test since technocrat Prime… 12/12/2012
Greek debt buyback a partial successs Greece’s attempt to reduce its debt has been only a partial success. Athens was able to buy back more of its long term government bonds that it had… 11/12/2012
Unpaid sailors, Nordic relations, regional hiring help RTP Portugal Christmas cheer for a group of Portuguese sailors caught in an austerity trap is high on their wish list as their cruise employer withholds… 07/12/2012
The EU: a double-edged sword for Greece For the past three years, Greece has been a symbol of the eurozone crisis. A symbol it would like to get rid of. Yet now, it has become another symbol –… 07/12/2012
OECD slashes eurozone growth forecasts The debt crisis in the recession hit eurozone is the biggest threat to the global economy, according to the Organisation for Economic Cooperation and… 27/11/2012
Rosneft TNK-BP deal stirs up the oil market A spectacular energy deal as Russian oil giant Rosneft moves to buy the joint venture TNK-BP which would make it the biggest market-listed oil company in the… 26/10/2012
Eurozone downturn deepens, includes Germany German business sentiment dropped sharply in October, confirming Europe’s largest economy is now mired in the eurozone debt crisis. The Ifo economic… 24/10/2012
Basques and Catalans eye chance in crisis One effect of the financial crisis on Europe is its encouraging of the efforts of separatists who think their regions would be better off if they were not… 22/10/2012
Deficit gains, debt pain for eurozone While the eurozone made dramatic inroads into its fiscal deficit deadweight last year, slashing it to 4.1 percent of GDP from 2010’s 6.2 percent, total public… 22/10/2012
Tales from the ECB Alex Taylor: “One of the key players in the continuing doom and gloom surrounding the euro is the European Central Bank. What exactly is its role? Does it… 11/10/2012
Europe waits for Spain to decide Everybody is watching Spain now, waiting for the country to seek financial help from the EU. But will Madrid really ask for a full bailout? And how many… 05/10/2012
Spanish debt dives as market says rescue sure bet The markets are giving Spain the benefit of the doubt if the latest bond auction is an guide. Yields fell sharply as dealers snapped up nearly four billion… 04/10/2012
Portugal kicks debt can further down the road Portugal has bought itself a bit of breathing space by carrying out a swap of some of its government bonds. They were due to be paid back next year, which… 03/10/2012
Cautious eurozone drivers pull down retail sales It seems eurozone motorists – worried about high prices and the region’s slide into recession – spent less on fuel during the normally busy summer driving… 03/10/2012
‘For Europe!’ book makes the case for a federal Europe ‘For Europe!’ is a new book, written by two staunch pro-Europeans – Daniel Cohn-Bendit of the Group of Greens-European Free Alliance and Guy Verhofstadt… 01/10/2012
France and Spain budgets Within a day of each other, Spain and now France have made public their plans for their next year’s budgets. They are, respectively, the euro zone’s fourth… 28/09/2012
Schaeffler tiring of Continental? German automotive parts supplier Schaeffler has taken its debt restructuring a step further at the expense of its partner – Continental by selling part of its… 25/09/2012
Weaker eurozone countries leaders meet Greek Prime Minister Antonis Samaras, who was in Rome meeting his Italian counterpart has been told keep up the good work. Mario Monti urged him to pursue… 21/09/2012
Spain borrowing costs ease, Catalonia unhappy Spain’s borrowing costs on its 10-year government bonds fell to the lowest level since January on Thursday. At its latest debt auction raised 4.8 billion… 20/09/2012
Europe Weekly: Barroso calls for federation The EU Commission chief Jose Manuel Barroso has called for a federation of nation states. Just minutes after he said that Germany’s top court rubber… 14/09/2012
Temperatures rise in Germany’s euro-fever In Germany, a close ally of Chancellor Angela Merkel has called into question the independence of the European Central Bank over its newest plan to save the… 10/09/2012
Greek police and firefighters austerity protest – nocomment In Greece, policemen and firefighters marched against government austerity cuts, with slogans such as “Shame, you’re delivering the final blow to the security… 08/09/2012
Thumbs up for ECB bond buying plan The European Central Bank has launched an unlimited bond-buying programme to lower interest rates. But there are strict conditions, including governments… 07/09/2012
Europe Weekly: Super Mario rides to the rescue The summer holidays may be over but Europe’s leaders appeared to return with fresh vigour this week to deal with the bloc’s woes. The European Central Bank… 07/09/2012
Markets cheer ECB bond buying, Germans unsure It seems the world’s financial markets do consider the European Central Bank’s latest moves to tackle the region’s debt crisis are bold enough. On Friday… 07/09/2012
ECB to buy eurozone countries’ bonds with strict conditions European Central Bank chief Mario Draghi has given some details of his plan to “save the euro”. The bank will buy government bonds of struggling eurozone… 06/09/2012
Troika troubles in Greece and Portugal “It’s not fair, we worked hard, we paid our dues, and now our pensions are being slashed as part of austerity measures” – the complaint of Greek pensioners… 05/09/2012
German court set to back emergency European bail out fund German Finance Minister, Wolfgang Schaeuble, believes Germany’s Constitutional Court will give the green light to the establishment of a permanent European… 03/09/2012
Pricier coffee and cinemas from Spain’s VAT hike The Spanish government’s increase in sales tax from September 1st could not have come at a worse time for the country’ retailers who suffered a 7.3 percent… 31/08/2012
ECB support hopes help Spanish borrowing costs The amount of interest that Spain had to pay fell at its latest short-term debt auction on Tuesday. That implies investors believe the European Central Bank… 21/08/2012
Stronger eurozone countries nervous on break up We must prepare for the possibility of the eurozone breaking up. That call has come from the foreign ministers of Finland and Austria. Finland’s Erkki… 17/08/2012
What hope for an Italian turnaround? Italy has been the eurozone’s most sluggish economy for more than a decade. Its economy has been sinking deeper into recession while its public debt has been… 17/08/2012
German recession fear from eurozone downturn The German economy ministry has issued a stark warning of “significant risks” to growth with declines in manufacturing orders, industrial output, imports and… 10/08/2012
‘Staycation’s the word for Europe’s leadersThe eurozone crisis may seem endless, but even those trying to plot a course through it need a break. European leaders seeking to get away from the endless… 08/08/2012
Monti seeks urgent action With a stand-off over European Central Bank help for Italy and Spain hardening Italy’s technocrat Prime Minister Mario Monti has called for greater urgency… 06/08/2012
Investor sentiment in the eurozone falls again Investor sentiment in the eurozone has fallen for the fifth straight month in a row to its lowest level in over three years. A separate index for the… 06/08/2012
Spain and Italy content with ECB moves The leaders of Spain and Italy, meeting in Madrid, welcomed the ECB’s promises of help even as Spain’s borrowing costs shot up again because there was no… 02/08/2012
Debt-stricken Catalonia eyes Spanish bailout aid Overspending by Spain’s 17 autonomous regions is one of the reasons behind the country’s economic woes. During a property boom, they raked in a large amount… 26/07/2012
Day of woe on all fronts for Spanish economy The Bank of Spain says the Spanish economy moved deeper into recession in the second quarter. To add to Madrid’s woes it is being reported that the… 23/07/2012
Spain’s woes spark share slump There was a huge sell off on Europe’s stock markets on Friday after Spain’s heavily indebted Valencia region asked for a central government bailout, and… 20/07/2012
Italy: towards deeper European integration From the financial crisis and European integration to relations with Mediterranean countires and even the Arab uprisings, we met with the head of Italian… 20/07/2012
Spain’s borrowing costs hit new highs It is getting more difficult for Spain’s government to borrow money. The Spanish Treasury did manage to sell just under three billion euros worth of… 19/07/2012
Athens and Madrid’s difficult debt quest The Greek government is still struggling to raise cash from investors in the one area where it is not reliant on bailouts. On Tuesday it sold 1.65 billion… 17/07/2012
Spain’s pain focuses minds at EurogroupEurozone finance chiefs have gathered in Brussels amid mounting fears of discord between the currency bloc’s southern and northern members following last… 09/07/2012
Draghi calls for bold action from governments Members of the Economic and Monetary Affairs Committee at the European Parliament have been told governments must take bold action to resolve the debt… 09/07/2012
European markets at close: 09.07.12 09/07/2012
Sweden holds borrowing rate Sweden’s central bank has kept its benchmark interest rate unchanged at 1.5 percent and plans to keep it there for just over one year. But in a statement… 04/07/2012
EU bank aid deal ‘better than expected, worse than needed’ National debt risk must be distanced from banking debt risk, in hopes that dangerous contagion can be averted. This was the European Union’s priority, its… 29/06/2012
Crisis starts to overshadow Germany In Germany, as far as the economy is concerned, the sun is still shining, but economists and business leaders alike admit the storm clouds are… 28/06/2012
