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Monti claims Italy no longer euro contagion risk
12 Jan at 3 PM
News Item Link: Monti claims Italy no longer euro contagion risk
Italian Prime Minister Mario Monti has said that his country has had to make painful reforms and shouldn't be viewed as being a potential source of contagion any longer, as reported by BBC News.
The leading figure was speaking directly after talks in the German capital Berlin with Chancellor Angela Merkel. Germany's head of state said that...
Euro sinks to new low against US dollar
10 Jan at 2 PM
News Item Link: Euro sinks to new low against US dollar
The euro sank to its lowest rate against the US dollar since September 2010 today. The euro bottomed at 1.2763 to the dollar on electronic trading platform EBS, with the decline expected to continue due to exacerbating euro zone debt problems.
The euro’s health is likely to hinge on next week's bond sales by the governments of Spain and...
ECB leaves euro rate unchanged
10 Jan at 2 PM
News Item Link: ECB leaves euro rate unchanged
The European Central Bank has left its interest rates unchanged at the latest monthly meeting it held.The organisation has left its refinancing operations rate at a single per cent.
The decision follows two consecutive months of cuts to rates, which were aimed at trying to boost the currency bloc's struggling growth.During a news...