Debt crisis: as it happened, February 22, 2012
telegraph.co.uk
FEBRUARY 22, 2012
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The collapse of Lehman Brothers in September 2008
helped trigger an economic and financial crisis that swept across the globe.
FINANCIAL CRISIS LATEST NEWS
Debt crisis: as it happened, February 22, 2012
Ratings agency Fitch says Greek debt write-off will constitute a 'rating default', as the country's main unions prepare to hold anti-austerity protests later today.
22 Feb 2012
| 878 CommentsECB's Mario Draghi magic corrupts bond markets
The European Central Bank's blitz of measures to stave off a credit crunch and shore up EMU states are profoundly distorting debt markets and may ultimately do more harm than good.
22 Feb 2012
| 51 CommentsSpain appeals to Brussels for easier deficit reduction targets
Spain has appealed to Brussels for softer deficit-reduction targets, raising fears that Europe's rescue strategies are unworkable in the bigger eurozone economies and not just Greece.
22 Feb 2012
| 28 CommentsStock markets show there are signs of optimism amid the gloom
Reasons abound for continued gloom about the world economy – the apparently intractable eurozone crisis, extreme imbalances at the heart of the Chinese economy, the possibility of another oil price shock, I could go on – but for the moment at least, they don't seem to be worrying stock markets.
22 Feb 2012
| 7 CommentsChina manufacturing slumps in February
Business Bullet: survey shows sector shrinking for fourth-straight month.
22 Feb 2012
| 1 CommentDebt crisis: as it happened, February 21, 2012
Evangelos Venizelos says bailout agreement has prevented a "nightmare" scenario unfolding in Greece, as Chancellor George Osborne describes deal as "good for Britain".
21 Feb 2012
| 1287 CommentsDow Jones breaks through 13,000
The Dow Jones Industrial Average has broken through the 13,000 point barrier for the first time since the financial crisis erupted in 2008.
21 Feb 2012
| 18 CommentsGreek farmers clash with police
Austerity measures cause dairy farmers to scuffle with police in a northern Greek town, highlighting public anger.
21 Feb 2012
A Evans-Pritchard: Greek debt accord hostage to political passions
Eurozone leaders have put off the day of reckoning for a few more months but the latest €130bn rescue package for Greece offers no path out of the crisis and is hostage to explosive political passions.
21 Feb 2012
| 420 CommentsBattle over EU financial firewall threatens to derail Greek bailout
A battle over an increased eurozone bail-out fund and International Monetary Fund support for the European Union's single currency threatens to derail the latest Greek bailout.
21 Feb 2012
| 228 CommentsECB's €800bn lending facility fails to boost credit to firms
The European Central Bank's lending of more than €800bn (£667bn) to eurozone banks has done little to stop them cutting back on lending to businesses, according to Standard & Poor's.
21 Feb 2012
| 4 CommentsCameron: we have to protect eurozone
The Prime Minister welcomes the eurozone's bailout deal for Greece but says the next step is to create a firewall to prevent contagion.
21 Feb 2012
Damian Reece: this is no permanent rescue
The Telegraph's Head of Business Damian Reece warns that the new Greek rescue package once again only stands to temporarily shore up the country's economy.
21 Feb 2012
| 7 CommentsAustralian rates on hold, but for how long?
Business Bullet: Central Banks says scope to go lower than 4.25%
21 Feb 2012
| 1 CommentGreece: welcome to your lost decade
Lucas Papademos, the Greek prime minister, hailed Tuesday’s bailout package as an “historic day” for the country. But this is a “Horrible History”, not one to celebrate.
21 Feb 2012
| 98 CommentsGreece bailout deal 'good for Britain'
The Chancellor says a deal agreed by eurozone countries to help Greece is "good for Britain".
21 Feb 2012
| 9 CommentsGreece bail-out allows Europe to 'move on', says Chancellor
Greece had "no other option" than to agree to painful austerity measures in return for a second €130bn bailout, the Chancellor has insisted, and said he hoped the decision would allow Europe's economy to "move on".
21 Feb 2012
| 36 CommentsEurozone agrees €130bn bail-out to prevent Greek default
The eurozone has agreed a second €130bn Greek bailout after asking private investors to take bigger losses on Greece's debt and by further stripping the country of sovereignty over its finances.
21 Feb 2012
| 563 CommentsEurozone agrees €130bn bailout for Greece: reaction
Greece has secured a €130bn (£109bn) bailout from the European Union and IMF, but at a cost of further losses for holders of Greek bonds and increased outside supervision of the economy. This is how investors and politicians reacted:
21 Feb 2012
| 9 CommentsEurogroup agrees Greek bailout: full statement
The "eurogroup" of eurozone finance ministers agreed to a second bail-out of Greece in the early hours of this morning. Here is the full text of their announcement:
21 Feb 2012
| 4 CommentsEurozone leaders battle into the night to secure Greek deal
Eurozone leaders struggled to agree a Greek rescue deal last night after an EU-IMF report showed that Greece will almost certainly need an extra €50bn (£42bn) in aid by the end of the decade.
20 Feb 2012
| 128 CommentsDebt crisis: as it happened, February 20, 2012
European finance ministers continue talks to decide on Greece's second bail-out, while the Dutch finance minister demands a permanent troika presence in Athens and a report shows that Greece will miss debt reduction targets.
20 Feb 2012
| 1215 CommentsDavid Cameron signs up Spain and Italy to tackle 'crisis of growth'
David Cameron has enlisted Italy and Spain to join a British-led crusade for free market measures to tackle the European Union's "crisis of growth".
20 Feb 2012
| 12 CommentsGlobal growth plummets to just 0.1pc, says OECD
Growth among the world's leading nations fell sharply to just 0.1pc in the final three months of last year as the eurozone crisis triggered fears of a second credit crunch, according to the Organisation for Economic Co-operation & Development (OECD).
20 Feb 2012
| 5 CommentsCameron: Europe needs more migration to boost growth
Workers should be able to get jobs abroad within Europe more easily as migration will help the economy, David Cameron has claimed.
20 Feb 2012
| 367 CommentsThis information is sourced from the original website/author listed above. Industry News is for informational purposes only and does not necessarily represent the views of GoldSilver.com
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