Rome • The Fitch agency downgraded its sovereign credit rating for Italy and Spain on Friday and said its long-term outlook for both countries was negative, citing high debt and poor prospects for growth.
Separately, Fitch also said it was keeping Portugal’s debt rating on watch for a possible downgrade, with a decision due by the end of the year.
France should retain its cherished AAA credit rating even if it shoulders billions of euros in liabilities for troubled Franco-Belgian bank Dexia and injects capital into other banks, analysts say, although the fine print of any move will be key.
ATHENA - Sausage, light brown dog, suddenly become 'celebrities'. He dubbed the dog demonstrator. Where there are rallies, he was present in the line of marchers; barking in front of
The International Monetary Fund is crafting a proposal to offer new short-term credit lines to governments to prevent the spread of global financial crises, senior IMF and finance officials say.
Georgios Samaras and Fanis Gekas scored in the second half to give Greece a 2-0 win over Croatia on Friday and put their team top of Group F in Euro 2012 qualifying.
ATHENS (Reuters) - The slogans on the street are about storming the barricades, but when you talk to Greeks about the financial crisis that has brought their country to its knees, their anger quickly gives
With sovereign downgrades and wobbly banks on the continent, worries about how euro-zone, European and global financial woes will play out. U.S. equities rise, but this is no time to issue debt.
Stock markets across the world plunged yesterday as European finance ministers announced they would delay a decision on releasing €8 billion (£7bn) in emergency payments to Greece until November.
The economic issues overseas in Europe haven't been a laughing matter as of late and many economists are wondering if these European countries will ever get back on track.
Athens News is Greece's oldest English-language newspaper and offers news on politics, business, sport, travel, arts & features and keeps an eye on community issues and hot topics for English speaking people living in Greece.
Athens News is Greece's oldest English-language newspaper and offers news on politics, business, sport, travel, arts & features and keeps an eye on community issues and hot topics for English speaking people living in Greece.