Bank of England governor Mervyn King said there were ‘downside risks’ that Britain could suffer a second recession but the indicators pointed to a ‘slow and steady recovery’.
07/31/2010
— Filed under: Finance
Tags: England, unemployment
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Greece is to gradually increase electricity prices and allow investors access to its coal deposits, as part of measures to open up a power market dominated by state-controlled utility PPC (DEHr.AT: Quote).
07/30/2010
— Filed under: Politics
Tags: Greece, power market
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ROME (Reuters) — Prime Minister Silvio Berlusconi met senior allies on Friday to prepare for a showdown with his main conservative rival next month that could pitch Italy into an election before the end of the year.
07/29/2010
— Filed under: Politics
Tags: Berlusconi, Giorgio Napolitano
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The British economy showed signs of strengthening Thursday after reports that the country’s budget deficit shrank at a faster pace than expected in July and retail sales posted the biggest gain in five months.
07/28/2010
— Filed under: Finance
Tags: Britain, domestic product, forecast, Germany
Much of Greece’s cost-cutting measures have been targeted at the public sector, which employs far more people than official figures indicate. Now, the government has finally managed to count every person it employs.
07/27/2010
— Filed under: Society
Tags: civil servant, Greece
A recent hearing of Italy’s parliamentary ‘Anti-Mafia Commission’ has revealed imprisoned mob bosses used a football results TV show to regularly receive coded text messages which were scrolled across the bottom of unwitting footy fans’ screens every Sunday.
The Bank of England today warned that June’s austerity budget had damaged confidence and Britain’s growth prospects as it revealed that its key interest-rate setting body voted 8—1 to keep borrowing costs on hold this month.
07/25/2010
— Filed under: Finance
Tags: Bank of England, budget
Greece wants to shore up its banking system against the backwash of the country’s debt crisis and has commissioned a study on how to go about it, reviving speculation that some of its lenders could merge.
Relative yields on Europe’s junk bonds are poised to fall below their U.S. counterparts for the first time since June 2008 as concern the sovereign deficit crisis will derail the region’s economic recovery recedes.
07/23/2010
— Filed under: Business,Finance
Tags: debt, Greece
Criminal organizations in Spain «know their days are numbered,» said Interior Minister Alfredo Pérez Rubalcaba as he unveiled new figures relating to the fight against organized crime on Wednesday.
07/22/2010
— Filed under: Crime
Tags: Pérez Rubalcaba, police
