The next crisis candidate: Italy
Economy The next crisis candidate: Italy After Spain, Italy is now under increased pressure. The Austrian finance minister believes the eurozone’s third-largest economy will have to ask the EU for financial help. Following Spain’s financial tribulations, it is now Italy’s turn. The eurozone’s third-largest economy will be forced to ask the EU for financial help, [...]
UN Secretary General Ban Ki-moon has expressed deep frustration with the violence in Syria, two days after reports emerged of another massacre. Ban Ki-moon: “How many more times have we to condemn them? Mr Ban said there was little evidence that Syria’s government was complying with envoy Kofi Annan’s peace plan. Activists say government-backed militias [...]
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(Reuters) – Spain said on Tuesday that credit markets were closing to the euro zone’s fourth biggest economy as finance chiefs of the Group of Seven major economies conferred on the currency bloc’s worsening debt crisis but took no joint action. Treasury Minister Cristobal Montoro sent out a dramatic distress signal about the impact of [...]
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