Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue.
Treasury Secretary Carlos Ocana acknowledged officially for the first time a liquidity freeze on some Spanish [...]
Posts Tagged ‘european commission’
Spain Sees Credit Squeeze but Denies EU Rescue Bid
June 14th, 2010 by HardMoney Writer
Tags: banks, debt crisis, economic reforms, european commission, European economy, eurozone economic, financial, financial crisis, Financial Markets
more...Euro Falls a Sixth Day Against Dollar on Greek Budget Deficit
April 23rd, 2010 by HardMoney Writer
April 22 – The euro fell for a sixth straight day against the dollar after data showing Greece’s budget shortfall last year was worse than forecast raised the prospect that the nation will be forced to activate a rescue plan.
The single European currency weakened against 14 of its 16 most-traded peers as statistics from the [...]
Tags: economic recovery, economy, european commission, european union, financial, hard money, investors, US Economy
Eurozone economic sentiment falls in February
February 25th, 2010 by HardMoney Writer
Economic sentiment in the 16 countries that use the euro worsened in February for the first time in nearly a year, the European Commission said Thursday, in a further sign that the recovery from recession has lost momentum.
With sentiment fragile and debt worries mounting across the single currency area, particularly in Greece, the Commission said [...]
Tags: economic recovery, european commission, eurozone economic, eurozone economy, recession
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