Stiglitz: the European austerity plan is a “suicide pact”
The imposition of austerity measures in the context in which countries slip into recession is the wrong approach, …
ali Archive
Nouriel Roubini: U.S. economy still has problems
U.S. macroeconomic indicators in recent months had better outcome than expected. The number of jobs created, the results …
S & P has downgraded the rating of nine European countries
The rating agency Standard and Poor’s (S & P) has downgraded Friday nine countries in the euro area, …
Fitch: Italy is the most serious risk in the euro area
Italy is the most serious risk for the euro currency as the crisis in Europe is deepening, because …
UniCredit shares have fallen 30% in two days
Italian group UniCredit shares have fallen by 17% in the Thursday session after Wednesday it lost 14% of …
Standard & Poor’s treats France as a “BBB” country
“Investors now treat France as it would be already downgraded to triple B”, said Jean-Michel Six, chief economist …
Papademos: Greece will risk default if talks fail
Prime Minister of Greece Lucas Papademos said during a meeting with business people and union leaders that Greece …
Belgian Peter Praet named chief economist of the ECB
Germany lost the ECB leadership position for the first time in 13 years. European Central Bank (ECB) on …
Iran threatens to close Strait of Hormuz
Iran has threatened to stop oil shipping through the Strait of Hormuz if Western countries will impose sanctions …
Societe Generale: Europe will face a painful year in 2012
Europe will face financial problems next year, with strong disparities between euro area countries, said the chief economist …