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Collapse of commercial real estate markets in Spain and Italy
Commercial property in Spain and Italy before the collapse. The number of transactions in both countries fell by over 90% in the period April to June.
In the second quarter were registered in Spain only three transactions compared to 58 du... Read more ››
European exporters benefit from a weaker euro
French pharmaceutical giant Sanofi suffered severe second quarter due to budgetary savings in many European countries and the expiration of patents on two key drug company, writes Financial Times.
Due to the fact that managers of Sanofi ... Read more ››
Recovery of the Japanese economy is also slowing
Japan's economy grew only by 0.3% between April and June, which is two times less than expected and is mainly due to delayed recovery in consumer spending, reported Reuters. Published on Monday data provide new evidence of slowing of the global econo... Read more ››
Germany prepares to veto aid to Greece
Germany will block any further funding for Greece if Athens failed in its stated aims of its creditors.
This will happen even if other countries support additional assistance for the country, says British "Telegraph".
Vice-P... Read more ››
Solidarity in the euro area – the most powerful weapon against the crisis
When the President of the European Central Bank (ECB) Dear Mario said he would do whatever is necessary to ensure the future stability of the euro, the effect of his remarks was immediate and remarkable. Borrowing costs of Spain and Italy declined dr... Read more ››
The new European regulator – the first, but the easiest step to Union Bank
Bureaucratic lethargy in Brussels in August is apparent. In the capital of the European Union (EU) will boil overtime in order in the next month to be presented the new banking regulator that will oversee financial institutions in the euro area, writ... Read more ››
The Greek government swung the ax over the public administration
Greece prepares a purge of government officials under pressure from international creditors.
Partners of Athens have rejected a government proposal to Antonis Samaras administration to be "cleansed" in a natural way and 10 officials who ... Read more ››
How long will it last Spain under pressure from high interest rates?
Imagine a country that is struggling to retain control over their debts and their costs, interest rates continue to go up. How much time would have passed this law, despite all the savings that make?
This is a serious problem facing Spai... Read more ››
“Cooling” in China, cut off European markets
With decreases indices ended the main European markets in today's session after today in China published data showing that the economy of the country and globally delayed, cited by Bloomberg.
At the end of the session the pan-European St... Read more ››
Peer Steinbrück: Eurozone has become a community of borrowers
Former German Finance Minister Peer, a possible challenger to Chancellor Angela Merkel in next year's election, spoke in favor of granting a general debt in the euro area, although the government in Berlin and most Germans are against him, officials ... Read more ››