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Bundesbank chief warns Greece on rescue deal
The head of Germany's central bank is warning that there would be no basis for further financial aid to Greece if the country backs off agreements with international creditors.Bundesbank chief Jens Weidmann was quoted Saturday as telling the daily Sueddeutsche Zeitung: "If Athens doesn't stand by its word, that is a democratic decision — but that means the basis for further financial aid falls
The head of Germany's central bank is warning that there would be no basis for further financial aid to Greece if the country backs off agreements with international creditors.Bundesbank chief Jens Weidmann was quoted Saturday as telling the daily Sueddeutsche Zeitung: "If Athens doesn't stand by its word, that is a democratic decision — but that means the basis for further financial aid falls
News Summary: France's budget woes underestimated
: French President-elect Francois Hollande suggested Friday that the government of outgoing leader Nicolas Sarkozy underestimated the country's budget problems.
: French President-elect Francois Hollande suggested Friday that the government of outgoing leader Nicolas Sarkozy underestimated the country's budget problems.
France's Hollande: Sarkozy underplayed budget woes
French President-elect Francois Hollande suggested Friday that the government of outgoing leader Nicolas Sarkozy underestimated the country's budget problems and wants a new audit of France's books.
French President-elect Francois Hollande suggested Friday that the government of outgoing leader Nicolas Sarkozy underestimated the country's budget problems and wants a new audit of France's books.
Portugal ends 4 public holidays to help economy
Portugal's Parliament has approved a government proposal to scrap four annual public holidays from next year in an effort to improve the country's economic competitiveness.
After a
Flaking out
Gold has a dual personality. Many think it is the ultimate hard currency. Others like it because it looks pretty. And while its price climbed high as investors have sought shelter from the
Spain to approve new financial reform
The Spanish government was expected to unveil a new reform package for its troubled banks Friday in a desperate bid to convince investors that the sector is solvent and the country has a strategy
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