Nov 14, 2013

Eurozone recovery grinds to a near halt; tough slog lies ahead

The recovery from recession in the 17-country eurozone nearly came to a grinding halt in the third-quarter, raising concerns that the region faces a long slog back from its five-year economic crisis. Barely three months after emerging from its longest-ever recession, the eurozone barely ...

Aug 18, 2013

Eurozone bonds seen turning page on debt crisis

The eurozone bond market is gradually recovering from the disruption caused by the debt crisis, analysts say, with the gap in borrowing costs between fragile countries and Germany at two-year lows. “The bond market is benefiting from both the staunch support of the ECB ...

EU summit ends banking secrecy

May 24, 2013

EU summit ends banking secrecy

European leaders on Wednesday targeted a yearend deadline to do away with banking secrecy, hoping to recoup €1 trillion in lost tax each year to help beat recession and unemployment. However, British Prime Minister and current Group of Eight chair David Cameron, backed by ...

Mar 30, 2013

Lessons of the Cyprus crisis

The collapse of Cyprus' banking system may have been averted thanks to an international rescue, but causes of the crisis have not been eradicated.