gobierno_coalicion_grecia_s

Three Greek Parties Reach Agreement to Form a Coalition Government

Three Greek parties –Democracy, Pasok and Dimar– agreed on terms to form a new government in the country. “Greece has a government … that’s the message we need to send abroad,” said Evangelos Venizelos, from the Pasok movement. It should be...
grecia_antonis_s

Conservative Party Wins Elections in Greece

Antonis Samaras, leader of the conservative New Democracy movement, was declared winner of the  Greek Elections yesterday, promising the Mediterranean country’s standing in the Euro Zone. The Conservative New Democracy movement (ND) was the most voted party in the Greek...
rajoy_ayuda_bancos_s

Rajoy: “Spain Needs Financial Assistance not a Bailout”

Spain asked the European Union (EU) up to 100,000 million euros to stabilize the banking system, said the Eurogroup on Saturday. The International Monetary Fund (IMF) presented a report last Friday in which it claimed that several banks in Spain would have to increase their...
mariano_rajoy_help_s

Spain Asks for Help for its Banks

Spain will assist this Saturday to the rescue fund of the European Union (EU) to seek help for its banks. President of Spain, MarianoRajoy said on Thursday that in order  to make a decision he needs the report on Spanish banks which will be presented by the International Monetary...

The EU Injects Three Billion Euros for Ireland And Portugal

Today the European Union (EU), with the help of the European Commission and the European Financial Stability Mechanism (EFSM), has successfully placed 3,000 million euros in bonds to 30 years at an interest rate of 3.75 %. Ireland and Portugal will receive 1,500 million euros...

Eurozone banks make massive deposits at the ECB

Last Wednesday, the European Central Bank (ECB) made ​​an unprecedented operation and gave unlimited credits (three years) to try to protect the eurozone banking sector. Between Monday and Tuesday, several eurozone banks that benefited from the huge loans decided to return to put...

Major Central Banks will Inject Liquidity in Dollars

The European Central Bank (ECB), the U.S. Federal Reserve (Fed), the Bank of England, Bank of Japan and the Swiss National Bank announced new joint liquidity operations in U.S. dollars in order to inject liquidity into markets, as reported by the entities in a statement. Three...