Syndicate content
debt

Initial attempts to form Greek coalition government fall flat
07/05/2012 - GREECE

Initial attempts to form Greek coalition government fall flat

Greek conservative leader Antonis Samaras (pictured) said that his efforts to form a coalition government had failed on Monday amid concerns over the country’s political and economic future.
Europe 'expects' Greece to respect bailout terms
07/05/2012 - GREECE

Europe 'expects' Greece to respect bailout terms

The European Commission has said that it "hopes and expects that the future government of Greece will respect" its austerity engagements, one day after elections widely seen as a protest at the EU-IMF bailout terms broke the ruling coalition.
Focus on EU growth to follow Hollande victory
06/05/2012 - FRANCE - EUROZONE

Focus on EU growth to follow Hollande victory

France's president-elect, Socialist François Hollande, has called for a revamp of the eurozone's budget treaty and austerity measures during his campaign for the presidency, sparking concern in Germany that he may undermine moves to slash deficits.
Greek voters punish ruling coalition over austerity
07/05/2012 - GREECE

Greek voters punish ruling coalition over austerity

Voters delivered a blow to Greece's traditional ruling parties, the conservative New Democracy and the Pasok socialists, on Sunday as voters moved to anti-austerity parties on the far right and left. Nobody won enough votes to form a government.
(37) comments
Greeks speak out ahead of key legislative elections
06/05/2012 - GREECE

Greeks speak out ahead of key legislative elections

Voters angry over austerity plans and a struggling economy are expected to deliver a blow to Greece’s two main parties in Sunday’s elections. FRANCE 24 spoke to people in Athens ahead of the vote.
(2) comments
Greece set for critical vote amid eurozone fears
06/05/2012 - GREECE

Greece set for critical vote amid eurozone fears

Voters angry over austerity plans and a struggling economy are expected to deliver a blow to Greece’s two main parties in Sunday’s elections, prompting fresh fears of instability in the eurozone.
Greece gears up for high-stakes elections
04/05/2012 - GREECE

Greece gears up for high-stakes elections

On May 6 Greeks vote in parliamentary elections which could determine the future of the country's much-debated austerity programme. The centre-right New Democracy Party is set to top the polls, but with fewer seats than in the previous parliament. A plethora of smaller parties are expected to make gains.
S&P raises Greek rating out of default status
02/05/2012 - GREECE

S&P raises Greek rating out of default status

Standard & Poor's agency raised Greece's credit rating out of default territory on Wednesday, following structural changes by which nation slashed its debt by one-third. The country remains in the junk category with a CCC rating.
Spain hits jobless record as credit rating downgraded
27/04/2012 - ECONOMY

Spain hits jobless record as credit rating downgraded

Spain said Friday that its unemployment rate hit a record 24.4 percent at the end of March, a day after Standard & Poor's ratings agency cut Spain's sovereign credit score by two notches to "BBB+".
Spain's mini-Greece
17/04/2012 - SPAIN

Spain's mini-Greece

Concerns are mounting that Spain will be the next Eurozone country to seek a financial bailout. Not only is the central government struggling with debt, but so are local authorities, particularly in Jerez. The Andalusian city, known around the world for its sherry business, owes some 950 million euros and some are calling it a mini-Greece. It's widely thought Jerez and other Spanish towns and cities will have to receive financial support from Madrid.
Close