In a nearly $20-billion package of spending cuts and tax increases passed by the parliament, the government moved most holidays away from midweek to Mondays to cut off time and increase productivity.
01/2/2012
— Filed under: Finance
Tags: debt crisis, Spain
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European finance ministers on Tuesday ordered Greece and Spain to swiftly get debts under control as a recession threatened to undermine efforts to end a two-year crisis.
01/1/2012
— Filed under: Finance,Politics
Tags: debt, Greece, Spain
U.K. banks should pay lower bonuses and retain the money to help strengthen their balance sheets, Deputy Prime Minister Nick Clegg said.
12/27/2011
— Filed under: Finance
Tags: banks, economy, U.K.
Spain’s new government needs to enact more reforms to cut the country’s joblessness levels and its fiscal deficit, the EU’s top economic official said on Wednesday, stressing that youth unemployment was a big worry.
12/23/2011
— Filed under: Finance
Tags: budget, http://www.reuters.com/article/2012/01/11/eu-spain-deficit-idUSB5E7N500820120111, Spain
Spain and Italy gave financial markets a boost Thursday as they successfully raised nearly euro22 billion ($27,98 billion) in two keenly watched debt auctions that showed renewed investor confidence in their attempts to get a grip on their debt problems.
Investors were bracing for a possible mass downgrade of euro zone countries as soon as this week after EU leaders failed to come up with decisive measures to tackle the region’s debt crisis.
The Czech budget deficit narrowed less than the government planned and exceeded the target in 2011 as the inflow of funds from the European Union was smaller than budgeted.
12/10/2011
— Filed under: Finance
Tags: budget, Czech, funds
The claim by 20 leading businessmen (Letters, December 20) that at least three million jobs are at risk if Britain does not remain at the heart of Europe does not bear close scrutiny. British exports to other EU countries are worth about £164 billion per annum and imports £204 billion.
EU’s Barroso says UK demands would have threatened single market
* EU’s Van Rompuy suggests door remains open for Britain
* Euro slides after Merkel quoted as ruling out bigger bailout fund
12/7/2011
— Filed under: Finance
Tags: Britain, budget, fiscal deal
THE EUROPEAN Commission yesterday sharply lowered its forecast for economic growth in Ireland next year. It now expects gross domestic product to expand by just 1 per cent. Three months ago it forecast GDP growth of 1,9 per cent for 2012.
11/30/2011
— Filed under: Finance
Tags: economy, EU, forecast
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