World economy
Moody’s downgrades French banks
10 Dec 2011
Eurozone deal leaves Britain isolated
09 Dec 2011
Britain, Europe’s third largest economy after Germany and France, refused to join the other 26 countries in a fiscal union
Threat of France losing triple-A rating hangs over EU summit
08 Dec 2011
S&P says France's economic forecast for 2012 was too high, despite having been lowered, and that its financial institutions were vulnerable because of their exposure to foreign debt
Income inequality at its widest in 30 years: OECD
06 Dec 2011
The widening of the income gap has been the result of deliberate action, including cuts in social spending and reduction in taxes on the wealthy
S&P warns of mass downgrade of euro zone countries
06 Dec 2011
The rating agency has threatened to downgrade 15 countries, including top-rated Germany and France, putting pressure on leaders to act.
Italian PM Monti to lobby parliament for €30-bn spending cuts
05 Dec 2011
Italy’s new PM Mario Monti is expected to lobby parliament to support a €30-billion package of austerity and growth measures to cut the euro-region’s second- biggest debt and prevent Italy from precipitating the euro’s breakup
Merkel not to back expanded role for ECB
02 Dec 2011
Central banks unite to stave off euro crisis; markets buoyed
01 Dec 2011
Led by the US Fed, the European Central Bank and the central banks of Japan, Britain, Canada and Switzerland acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch
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