1$ Billion in Aid Approved By The European Union

Published on May 10, 2010 by Technology Slice

1$ Billion in Aid Approved By The European Union – Europe has agreed a package of crisis aid for troubled eurozone countries totaling “more than 500 billion euros,” ($718 million) which will be topped up by the International Monetary Fund (IMF), a European Union diplomat told AFP. The fund would be made up of €440 [...]

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Sovereign Debt

Published on February 5, 2010 by Technology Slice

Sovereign Debt – Unsustainably high budget deficits in certain eurozone countries hit credit markets with a vengeance again yesterday, as the cost of insuring against losses on sovereign debt rose to a record high. Concerns about the finances of Greece and Portugal and a looming general strike in Greece heightened investor fears. Western Europe Index [...]

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