Thriving Dubai is an export oasis as eurozone crisis deepens

| November 18, 2012 | 0 Comments

By Helen Loveless, Financial Mail On Sunday PUBLISHED: 10:14 EST, 18 November 2012 | UPDATED: 10:14 EST, 18 November 2012 With the eurozone deeper in crisis it is little surprise that firms considering exporting are being urged to look further afield. Figures from the latest HSBC Global Connections report show that UK exports to the […]

Filed Under: finance news

Bundesbank’s IMF rant exposes a divide at the heart of the eurozone

| September 25, 2012 | 0 Comments

Germany’s dissatisfaction with the governance of the IMF has been laid bare in the Bundesbank’s latest monthly report (link in German here). The rift between the eurozone periphery’s largest creditors comes only one week before talks between Angela Merkel and the IMF’s head Christine Lagarde, which are aimed at finding a path forward through the […]

Filed Under: Latest Finance News

House prices 70pc plunge prompts Brits to go ‘schadenfreude shopping’ for second homes in eurozone

| September 21, 2012 | 0 Comments

  Plunging house prices in some parts of the eurozone are prompting rising numbers of Brits to go ‘schadenfreude shopping’ for second homes on the continent. While squeamish souls may feel it is wrong to take pleasure or profits from others’ distress, hardnosed homebuyers with sterling to spend can benefit from a double-whammy created by […]

Filed Under: Latest Finance News

German finance minister warns eurozone must still reform despite ECB bond plan

| September 10, 2012 | 0 Comments

The German finance minister Wolfgang Schaeuble has warned eurozone countries must press ahead with cutting their deficits and reforming economies despite the European Central Bank revealing ground-breaking plans to buy bonds. Mr Schaeuble said it would be a “serious mistake” if the ECB’s plans were interpreted as a sign that countries can relax their efforts […]

Filed Under: Credit Card News

Fresh glimmers of hope for the eurozone (technical)

| September 1, 2012 | 0 Comments

Very quickly, for the handful of readers who share my quirky interest in monetary data. By the way, any commentator on this thread who wilfully conflates Monetarism and Keynesian demand theory one more time is disqualified and sentenced to Dante’s 8th Circle of Hell (Bolgia IX) for sowers of discord and schism. Seminator di scisma, […]

Filed Under: Latest Finance News

Greece must remain in eurozone: finance minister

| August 20, 2012 | 0 Comments

Greece must remain in the eurozone, Finance Minister Yannis Stournaras said in an interview published Sunday ahead of a week of crucial meetings between the prime minister and EU officials. “We have to stay alive and remain under the umbrella of the euro, because that is the only choice that can protect us from a […]

Filed Under: Credit Card News

More than £100bn could be wiped off the UK economy if crisis in Greece shatters eurozone

| August 16, 2012 | 0 Comments

By Tim Shipman PUBLISHED: 19:35 EST, 15 August 2012 | UPDATED: 19:35 EST, 15 August 2012 More than £100billion would be wiped off the value of the British economy if the crisis in Greece led to the breakup of the eurozone. Senior government sources say secret Treasury estimates have calculated that the UK’s output would […]

Filed Under: finance news

BoE chief Sir Mervyn King sees no end to eurozone saga as France heads back toward recession

| August 9, 2012 | 0 Comments

By Hugo Duncan PUBLISHED: 16:35 EST, 8 August 2012 | UPDATED: 16:35 EST, 8 August 2012 The crisis in the eurozone has descended into ‘a saga that goes on and on’ and is holding back the British economy, the Governor of the Bank of England has declared. Speaking on the eve of the fifth anniversary […]

Filed Under: finance news

This time, the Chancellor cannot blame either the weather or the eurozone

| July 26, 2012 | 0 Comments

Does the latest, disastrous news on the UK economy make the case for a change in course by the Coalition government? Yes it does, but not in the way Labour wants or the discredited International Monetary Fund urges. It’s hard to imagine a more reckless strategy than further to increase public spending in an economy […]

Filed Under: Latest Finance News

Euro finance ministers agree Spain bank aid terms

| July 10, 2012 | 0 Comments

BRUSSELS (AP) — Euro area finance ministers agreed early Tuesday on the terms of a bailout for Spain‘s troubled banks, saying that the first €30 billion ($36.88 billion) in aid can be ready by the end of this month. The finance ministers for the 17 countries that use the euro as their official currency will […]

Filed Under: Credit Card News
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