World news about “Financial Crisis” published by euronews.
Cyprus to offer citizenship deal to bailout losers Cyprus is to relax its citizenship rules for foreign investors who lost at least three million euros under the country’s EU-led bailout deal. The changes will… 15/04/2013
Spain: New law protects Andalusia’s vulnerable from eviction A left wing regional government in Spain has approved a law that will stop banks from repossessing homes from the most needy people, even if there is an… 11/04/2013
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
Strike shuts down Cyprus banks again Workers at Cypriot banks took part in a strike on April 4. They are fearful for pensions – after the country’s two largest lenders were hit with huge losses… 04/04/2013
Cypriot investigator tells euronews of financial inquiry Michael Sarris might have stepped down from the Cypriot finance ministry, but he has not stepped out of the spotlight. The now-defunct Laiki Bank, which he… 02/04/2013
Fears of social unrest and further job losses in Cyprus As Cypriots grow increasingly concerned about their finances, there are fears of potential social unrest. Bank customers now face losing up to 60 percent… 31/03/2013
Cyprus: Big depositors will lose up to 60% of savings Bank of Cyprus customers will shed up to 60 percent of savings over 100 thousand euros, it has been revealed. The island’s Central Bank confirmed the… 30/03/2013
Uncertainty and frustration as Cyprus waits for banks to reopen The turmoil at banks in Cyprus is ongoing, as customers continue to wait for their reopening tomorrow. Following the resignation of the Bank of Cyprus… 27/03/2013
Next few hours crucial for Cyprus, as bailout deadline looms With the clock ticking until the EU’s Monday deadline, the pressure is on Cyprus to find a solution to the impending meltdown of its banking system. With… 22/03/2013
Moscow talks on alternative deal to prevent Cyprus going broke Talks continue in Moscow as the government of Cyprus tries to put together a deal to prevent the country’s bankruptcy by the next week. The European… 21/03/2013
Cyprus to present new bailout plan The government of Cyprus said ministers must agree a “Plan B” for funding the island’s bailout on Thursday morning. The controversial levy on the deposits… 21/03/2013
Mixed European leaders reaction to Cyprus crisis European leaders have given their reaction to the rejection of the tax on credit bank accounts by the Cyprus parliament. There was a unity of feeling that… 20/03/2013
Ukraine relatively unworried by Cyprus crisis In the Cyprus banking crisis, almost all the focus has been on Russian money in account there, but Ukraine also has strong business and financial ties with… 20/03/2013
Leaders attend a flurry of meetings to sort out Cyprus crisis Every option is being considered as political and financial leaders in Cyprus rush from meeting to meeting to solve the bailout crisis. President Nicos… 20/03/2013
Crisis talks underway to find plan B for Cyprus Emergency meetings are being held between political and financial leaders in Cyprus in a frantic bid to find a solution to its bailout crisis. It has been… 20/03/2013
Cyprus looks to Russia for help The Cypriot finance minister has gone to Moscow to ask the Russians for help to get through the current financial crisis. Michael Sarris reported there had… 20/03/2013
Eurozone in disarray after Cyprus rejects bank levy Cypriot ministers voted down the proposed levy on the island’s bank deposits on Tuesday, thrusting the eurozone into further difficulties. Bowing to… 20/03/2013
Cyprus deal shocks markets The surprise decision by eurozone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on… 18/03/2013
ING to cut thousands more jobs ING has announced deeper job cuts in its retail banking business in the Netherlands and Belgium. The latest layoffs by the Dutch financial services group… 13/02/2013
Many business challenges in 2012 It was another difficult year for the global economy. Some states powered through it in high gear, others needed help to overcome the recession, but even… 26/12/2012
Spain’s biggest lender set to close branches Santander is set to buy out minority investors in its Banco Espanol de Credito with an offer of 263 million euros. Spain’s biggest lender will also close… 17/12/2012
Trading during crisis time The current economic crisis has been blamed on many factors – from high street banks to government finance departments, from risky trading to uncontrolled… 30/11/2012
A poisonous September for Spain’s bank debt The amount of bad debt held by Spain’s already crippled banks rose to a record high in September according to official figures. But the government is… 19/11/2012
Le Capital heads for glory Franco/Greek director Costa Gavras has presented his latest film Le Capitol at the Thessaloniki film festival. Staring Gad Elmaleh and Gabriel Byrne it has… 16/11/2012
European car giants reportedly halt talks Peugeot and General Motors have put the brakes on talks due to the French car makers financial problems and government-backed bailout, according to… 13/11/2012
Regulators to fortify bank’s capital reserves Four of the world’s largest banks – Citigroup, Deutsche Bank, HSBC and JPMorgan Chase – have been told by regulators that they should boost their capital… 02/11/2012
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
Europe’s woes hit Chinese factories China’s once booming manufacturing sector is contracting at its fastest pace in nine months new business surveys show. That is due to falling demand from… 23/08/2012
What is Libor and why should we care? Libor – the London Interbank Offered Rate – is the average cost of borrowing at which Britain’s banks lend each other money. It is calculated daily, based… 02/07/2012
Euro leaders in agreement at end of G20 summit Europe and the financial crisis dominated the G20 summit in Mexico summed up by the fourth point of their 85 paragraph communique. “Euro Area members,” it… 20/06/2012
Writing on wall for Opel’s Bochum plant Anxious workers at Opel’s Bochum factory, one of four the General Motors-owned subsidiary has in Germany, are worried the axe is about to fall on their… 21/05/2012
Rajoy: Spain’s deficit reduction is urgent Spanish Prime Minister Mariano Rajoy has admitted his country has a huge task ahead to get its finances back on track, but there is no alternative… 11/04/2012
Greece: austerity suicides climbing When a former pharmacist who had worked into his seventies killed himself many people in Greece saw it as a suicide caused by politics. In his note… 05/04/2012
Greece extends bond swap deadline Greece has extended, for a second time, a deadline for its remaining holders of government bonds to accept a debt swap which is essential for its bailout… 05/04/2012
Portugal’s pain as austerity bites Portugal has just drawn praise from the so-called troika – the European Commission, International Monetary Fund and European Central Bank – for its progress… 28/03/2012
Lagarde warning to China Christine Lagarde, the head of the International Monetary Fund has fired a warning to China to stop being dependent on exports and investment. She said… 19/03/2012
Iceland’s ex PM: ‘We didn’t know the banks were fishy’ The trial has started of Iceland’s former prime minister Geir Haarde. He is accused of failing to take measures to prevent the financial crash in 2008 that… 05/03/2012
Bailout ‘helps stabilise Greece and Europe’In Brussels, the mood was one of congratulation that the marathon to agree Greece’s second major rescue – in principle – was finally at an end. Much of the… 21/02/2012
Hungarian central bank row still unresolved Hungary is continuing on a collision course with Brussels over the independence of its central bank. The European Commission wants Budapest to change a… 17/02/2012
Barclays cuts bonuses but still faces protests Announcing sharply lower profits at its investment banking division, Britain’s Barclays said it was cutting the total of bonuses it is paying to its… 10/02/2012
Euro-zone weighs Greek deal Euro-zone finance ministers have been meeting to decide whether the Greek government’s down-to-the-wire agreement on reforms will be enough to make the… 09/02/2012
Panasonic joins Sony and Sharp in sea of red ink Japanese Consumer electronics giant Panasonic has warned it is heading for a record annual net loss of 7.78 billion euros. As with its rivals Sony and… 03/02/2012
Generation Y wants change and now In this edition of The Network with Chris Burns — Generation Y, how are Europeans born in the 1980’s and 90’s facing the financial crisis? How would they like… 20/01/2012
Financial transaction tax to divide Europe? The discussions on the financial transaction tax dominated the beginning of the week – and is likely to divide Europe: Some countries like France want to… 13/01/2012
Dexia gets new financing lifeline Crisis-hit Franco-Belgian bank Dexia is getting temporary financing guarantees from Belgium, France and Luxembourg. That will enable it to keep running… 05/12/2011
Central banks ride to the rescue The world’s main central banks have joined forces to counter the effects of the eurozone crisis on the world economy. The banks of the US, eurozone, Japan… 30/11/2011
Searching for euro zone’s big bail-out bazooka Are we really witnessing the last moments of the single currency? Even though the euro zone appears to be racing towards an almighty crash, the bloc’s leaders… 29/11/2011
China considers UK infrastructure investment China has said it is interested in pumping money into Britain’s railways as part of major plans to invest in the crumbling infrastructure of developed… 28/11/2011
Government U turn as Hungary goes cap in hand to IMF In Hungary its been confirmed the centre right government wants financial help from the International Monetary Fund. The move is a U turn by Budapest after… 21/11/2011
ABN Amro profits hit by Greek crisis Nationalised ABN Amro’s hopes of a return to the private sector have been dealt a blow by a profit plunge linked to Greece’s debt problems. The bank, which… 18/11/2011
Merkel and Cameron duel over Europe Clashing views on a European model to repair the debt crisis appear to have reached new heights. German feelings on federalism this week chafed with British… 16/11/2011
Spain: Indignados’ pre-election march – nocomment Protesters, under the ‘Indignados’ banner, march through Madrid demanding social change, one week ahead of a general election that will most likely bring the… 14/11/2011
‘Too big to fail’ banks named At the Cannes summit of the world’s leading economies, 29 banks have been named as being so important to the global financial system that they are likely to… 04/11/2011
Anti-G20 wet protest – nocomment Protesters in swimsuits make a splash at an anti-G20 demo in Nice on Tuesday. 03/11/2011
London protests prick Anglican conscience The protesters camping at Saint Paul’s Cathedral in London’s financial heartland place the Church of England in a moral quandary. The Occupy London Stock… 01/11/2011
Markets dive on Greek referendum shock Greek Prime Minister George Papandreou’s decision to let his people vote on the country’s bailout package caused the world’s financial markets to go into… 01/11/2011
At EU summit, protesters call for changeOn the occasion of the EU Summit, French protesters called for Angela Merkel and Nicolas Sarkozy to wake up to their responsibilities ahead of the… 27/10/2011
Nintendo warns of first ever loss Nintendo says it will post its first ever annual net loss this financial year — of around 188 million euros. The soaring value of the yen against other… 27/10/2011
Italy’s short-term borrowing costs rise Italy’s short-term borrowing costs rose to their highest in more than three years at an auction on Wednesday. Proof of investors focus on the crucial… 26/10/2011
Carlos Slim: ‘I am not a monopoliser’ Meet Carlos Slim, the Mexican telecom tycoon who has nudged Bill Gates into second position for the third year running, cementing his place as the richest man… 26/10/2011
Banks’ fortunes tied to summits In the run up to the euro zone summits on a solution to the debt crisis, the EU has agreed that around 100 billion euros is needed to boost the capital — that… 21/10/2011
Franco-German rift delays euro zone bailout plan France and Germany are struggling to agree on how to solve the European debt crisis as euro zone finance ministers meet in Brussels. Berlin and Paris differ… 21/10/2011
Moody’s downgrades Spain’s regions Moody’s credit agency appears to have Spain in its sights. Only one day after delivering a sovereign downgrade to the country it has now cut the debt ratings… 20/10/2011
Greeks dying from financial despair No vessels have been entering or leaving Athens’ main port, Piraeus, frozen by strikes. With many people sinking into serious depression. A ferry ticket… 19/10/2011
UK inflation hits 3-year high in September Inflation in Britain was the highest in three years in September driven up by soaring gas and electricity bills. Consumer prices were up 0.6 percent month… 18/10/2011
France pledges to keep triple-A rating France is insisting that its triple-A credit rating is safe despite a warning from ratings agency Moody’s. Moody’s said it could place France on negative… 18/10/2011
Germany dampens euro zone crisis hopes Germany’s has lowered expectations of a breakthrough in the euro zone’s sovereign debt crisis at next weekend’s summit of European Union leaders. Financial… 17/10/2011
Gloomy outlook for Portugal Portugal can expect a recession of 2.8 percent next year – its worst in three decades. It is just one of the figures finance minister Vitor Gaspar revealed… 17/10/2011
Dexia deeper in the doldrums Dexia’s shares started the week with a big sell-off, slumping close to 10 percent. That was because of stock market uncertainty about how the Franco-Belgian… 17/10/2011
Greece’s deficit grows despite tax hikes Greece’s budget deficit continued to widen in September with the country in recession because of the austerity measures introduced to cut spending. The… 12/10/2011
Barroso presents bank recapitalisation plan European Commission President Jose Manual Barroso has unveiled details of a bank recapitalisation plan to help cope with the euro zone’s debt crisis. “For… 12/10/2011
Analysis of a safety net The European Financial Stability Facility is the euro zone’s safety net set up in May of 2010 to combat the region’s sovereign debt crisis in the wake of… 11/10/2011
Troika gives green light to new Greek loan Greece’s international creditors on Tuesday approved a new aid payout of eight billion euros to stave off the threat of a sovereign default. The IMF, the… 11/10/2011
China buys top bank shares China is moving to support its stock market by buying shares of the country’s four biggest banks. The domestic arm of China’s sovereign wealth fund bought… 11/10/2011
Dexia – first of many? The fragility of Europe’s banks has been highlighted by the implosion of Franco-Belgian lender Dexia. It has had to be rescued by the French and Belgian… 10/10/2011
Dexia rescue hides black hole for Europe’s banks? Dexia Tower in Brussels has not come tumbling down, but it was a close run thing for the world’s number one lender to local authorities. A marathon… 10/10/2011
Italy and Spain downgraded by Fitch The European debt crisis continues to bite — late on Friday the Fitch agency downgraded Italy’s sovereign credit rating to A+, it was the first such cut for… 07/10/2011
Belgium anxious over Dexia bill division Belgium has told France that it is not willing to foot the whole bill for rescuing Dexia. That warning – from Belgian caretaker Prime Minister Yves Leterme… 06/10/2011
Indignados bring ‘Spanish revolution’ to Brussels The ‘Indignados’ have brought their protests against high employment and the European elite to the EU’s doorstep. The protest group, known as the Indignants… 05/10/2011
Germany backs recapitalisation of banks German Chancellor Angela Merkel on Wednesday said her government would recapitalise banks if required, but stressed that Europe must agree uniform criteria… 05/10/2011
Dexia rescue underway As a rescue plan comes together for struggling Belgian-French bank Dexia, some worried depositors have been withdrawing their money and its customer helpline… 05/10/2011
Deja vu for Europe’s banks As happened in 2008 a frisson of fear is passing through Europe’s lending community that some may not be able to survive the latest crisis. Top of the list… 04/10/2011
Deutsche Bank scraps 2011 profit target Blaming Europe’s sovereign debt crisis, Deutsche Bank has said it will not make its target of 10 billion euros in profit before tax this year. “The… 04/10/2011
George Soros backs anti-Wall Street protests Billionaire financier George Soros says he understands anti-bank protests that started in New York and have spread across the United States. The… 04/10/2011
Europe’s revamped bailout fund tops finance talks The story has a familiar ring – Europe’s finance ministers hold crucial talks on how best to save Greece and stop the whole euro project going into free fall… 04/10/2011
Europe Weekly: Brussels shows off its ‘Six Pack’ In this week’s Europe Weekly we take a look at the EU’s new ‘Six Pack’. Sorry, if it is beer or men’s abs you are looking for, this is not for you. No, the… 30/09/2011
More discipline to avert default Elena, from Paris, asks: I’d like to know how the European Union could really oblige the euro zone countries to respect budgetary discipline in the use and… 30/09/2011
MEP’s take ‘Six Pack’ rules off ice Tougher rules are to be introduced for the EU’s most profligate states. After months of delay the European Parliament has finally taken the so called ‘Six… 28/09/2011
Crucial week in euro zone debt crisis European leaders are considering what steps to take to contain the region’s debt crisis and stop Greece’s problems engulfing other countries. Lawmakers in… 26/09/2011
Anni Podimata on the Greek crisis and the EU How do you solve a problem like Greece? Are we about to witness the gruesome end of an all-too-contemporary Greek tragedy? Or is Greece itself a scapegoat —… 24/09/2011
Euro storm blows cold wind through Switzerland For Switzerland, it is tough being so popular especially when investors see this small country and its currency as a refuge from the growing euro zone… 24/09/2011
Financial crisis, Schengen zone and relations between Europe and Ukraine in Europe Weekly In this week’s Europe Weekly we look at why there is no let up from financial crisis and how it affects the Europe’s poorest people. We look at why two … 24/09/2011
Greek situation is ‘critical’ : finance minister Greek Finance Minister Evangelos Venizelos has reiterated that Greece must continue to cut spending. In a meeting with the country’s president, Venizelos… 23/09/2011
World stocks tumble on recession fears Mounting fears that the global economy is slipping back into recession washed through financial markets world-wide on Thursday. Shares in Europe finished… 22/09/2011
Geithner snubbed at Ecofin crisis summit The irony will not have been lost on Timothy Geithner. Despite economic problems of his own back home, the US Treasury Secretary was personally invited to the… 17/09/2011
Are credit rating agencies too powerful? Credit rating agencies too powerful? Victor, from Fontainebleau, France: “How did credit rating agencies manage to acquire such power over the European… 16/09/2011
Deutsche Bank boss warns crisis could kill weak banks Europe’s sovereign debt crisis will cut bank’s profits for years and could even kill off some of the weakest ones. That warning has come from the head of… 05/09/2011
Athens under pressure over EU/IMF aid With the credibility of the euro zone at stake over Greece‘s bailout, the wrangling goes on between Athens and Brussels. The suspension of an … 05/09/2011
Greece and EU/IMF pause deficit talks Talks have been put on hold between Greece and international inspectors over whether it has met conditions for its next bailout pay. The unplanned pause was… 02/09/2011
US housing agency to sue banks The US federal agency that oversees mortgage lending is set to sue more than a dozen big banks for allegedly misrepresenting the products they sold during the… 02/09/2011
