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ECB holds rates as growth risks prevail
By Eva Kuehnen FRANKFURT (Reuters) - The European Central Bank held interest rates at a record low of 1 percent on Wednesday, resisting German pressure to flag an exit from its crisis-fighting mode while support measures take full effect and support an increasingly shaky recovery. A batch of grim economic indicators and renewed concerns about the public finances in Spain - the euro zone's fourth-largest
By Eva Kuehnen FRANKFURT (Reuters) - The European Central Bank held interest rates at a record low of 1 percent on Wednesday, resisting German pressure to flag an exit from its crisis-fighting mode while support measures take full effect and support an increasingly shaky recovery. A batch of grim economic indicators and renewed concerns about the public finances in Spain - the euro zone's fourth-largest
Europe's central bank looks in vain for growth
Europe is searching for something to get growth going again and pull the eurozone's heavily indebted countries out of their troubles — but with little luck.
Europe is searching for something to get growth going again and pull the eurozone's heavily indebted countries out of their troubles — but with little luck.
External debt up 9.4% at $335 bn till 2011-end
High commercial borrowings and short-term trade credit led to India's external debt rising 9.4 per cent to $334.9 billion as on December 31 2011, shrinking the forex cover for the debt to just 88.6
High commercial borrowings and short-term trade credit led to India's external debt rising 9.4 per cent to $334.9 billion as on December 31 2011, shrinking the forex cover for the debt to just 88.6
Now, Spanish flu
The breather from the Greek debt crisis might prove all too short-lived as another Club Med country appears to be in danger of catching the financial contagion: Spain. As Prime Minister Mariano
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