Archive for the ‘European Economic News’ Category

One In Ten Small Businesses Have Considered Closing Down in the UK

One In Ten Small Businesses Have Considered Closing Down in the UK

One In Ten UK Small Businesses Considered Shutting Shop According to a recent survey from global insurer Zurich, more than 1 in 10 British small and medium-sized businesses have revealed that they have considered closing down in the last three months. This is as a result of the impact of the current economic situation, which […]

The impact of Greece leaving the Eurozone

The impact of Greece leaving the Eurozone

The impact of Greece leaving the Eurozone As Greece’s financial woes and sinking economy alarm analysts around the world, the talk of Greece leaving the Eurozone has intensified. The Eurozone, comprised of 17 member states using the euro as currency, has its monetary policy governed by the European Central Bank. If Greece leaves the Eurozone […]

Why Americans Should Be Worried About the European Debt Crisis

How the European Debt Crisis Affects America

In a global economy, there are two economic truths: Financial markets don’t like uncertainty, and everything is connected. Both are good reasons that Americans should be worried about the European debt crisis. With Greece’s recent failure to form a new government that can rally around the measures imposed upon it by its European bailout partners, […]

JP Morgan’ $2 Billion Loss

jpmorgan 2 billion dollar loss

When making an investment, we all know they carry some risk of loss. The general rule is: The more you are set to gain, the more you are set to lose, and generally the more risky the transaction may be. People and companies make trades on a near 24 hour scale now, but what is […]

Sarkozy Announces Re-election Bid

Sarkozy Announces Re-election Bid

France’s conservative president, Nicholas Sarkozy announced today that he will be seeing re-election. After winning a close election against Socialist Party Candidate, Royal in 2007, Sarkozy became the 23rd President of France. His initial campaign was set as a pro-American relationship and closer ties to the world allies while maintaining a high standard of living […]

Rare Earths Agreement Signed

Rare Earths Agreement Signed

Angela Merkel, the President of Germany, and Nursultan Nazarbayev the President of Kazakhstan, signed an agreement that strengthens the economic ties between the two nations and allows Germany access to some potential “Rare Earths.” Rare Earths are a special group of chemical elements, specifically the fifteen lanthanides, that have been vital in the production of […]

Europe Downgraded

9 european nations downgraded

Black Friday truly became a day of bad luck for large parts of Europe. After years of an increasingly hard economy, and an increasing debt crisis that has impacted their currency, nine Euro Zone nations were stripped of its triple-A status and downgraded by Standard and Poor’s.   A representative of Standard and Poor’s (S&P) […]

ECB Lends Banks $639 Billion

ECB Lends Banks $639 Billion

European banks continue to struggle leading to a new series of bailout measures. The European Central Bank loaned out $639 billion or 489 billion Euros, in cheap loans to many struggling banks around the continent. The cheap loans will be lent out over 3 year periods. ECB Lends Banks $639 Billion   With such discounted […]

Balanced Budget Amendment In Italy

Balanced Budget Amendment In Italy

Italy’s Prime Minister Silvio Berlusconi and Finance Minister Giulio Tremonti met with each other today to discuss the severe nature of Italy’s troubled economy. In this round of emergency talks, the two ministers looked on ways to speed up the liberalization of the economy.   Prime Minister Silvio Berlusconi had for months dismissed the diminishing […]

IMF’s Lagarde To Be Investigated Over Tapie Case

IMF's Lagarde To Be Investigated Over Tapie Case

Today French Courts ordered an investigation into International Money Fund  (IMF) Chief Christine Lagarde’s into her role in the awarding of a $400 million deal to a controversial business man Bernard Tapie. The investigation will look into allegations of complicity to embezzlement of public funds and complicity to forgery.   Bernard Tapie won a court […]