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Middle-class family struggles in Spain’s crisis

16 July 2012 1:46 AM GMT
Before the Spanish economic crisis hit, Mercedes Gonzalez and her family lived comfortably, she working in a shoe shop and her husband and second son...

Facing the global heat

12 July 2012 1:31 AM GMT
Global central bankers had colluded last week to reset monetary policy to meet the threat of recession and deflation. European Central Bank had cut...

Spain announces 65 bn euro austerity package

12 July 2012 12:43 AM GMT
Spain’s Prime Minister Mariano Rajoy on Wednesday announced a 65 billion euro ($80 billion) austerity package to avert financial collapse as angry...

Spain borrowing rate hits bailout danger zone

10 July 2012 1:32 AM GMT
Spain's borrowing costs rose to dangerously high levels on Monday as finance ministers of the 17 countries that use the euro began to gather in...

Greek PM begins talks with EU-IMF auditors

6 July 2012 1:19 AM GMT
New Greek Prime Minister Antonis Samaras began talks with EU-IMF auditors on Thursday, hoping to renegotiate Greece's second bailout as the country's...

EU to control individual nations

27 Jun 2012 10:24 AM GMT
With the European Union facing its biggest crisis in 60 years, Brussels has proposed taking 'a big leap forward' to save the troubled bloc by setting...

Bailout fund would calm, not heal: EU

21 Jun 2012 12:31 AM GMT
The European Commission [EU] on Wednesday dubbed an idea to use eurozone rescue funding to lower high borrowing costs for Spain and Italy via a bond...

India may not have to give eurozone $10bn

21 Jun 2012 12:29 AM GMT
India may not be called upon to inject $10 billion [Rs 55,000 crore] into the IMF bailout fund to help the debt-wracked eurozone tide over its...

India helps build eurozone firewall

20 Jun 2012 1:48 AM GMT
India has announced a USD 10 billion contribution to the International Monetary Fund’s additional USD 430 billion financial firewall to help the...

Spain bailout fears mount in euro storm

20 Jun 2012 12:37 AM GMT
Fears of a full-scale bailout for Spain mounted on Tuesday as its borrowing costs spiked to danger levels on concern over the nation’s stricken banks...

Eurozone a worry for India: Montek

19 Jun 2012 11:50 PM GMT
India's economic woes have not gone out of hand in the wake of the slip in the GDP growth – the lowest in nearly 9 years – but there could be trouble...

Samaras to launch coalition talks

19 Jun 2012 3:13 AM GMT
Greek conservative leader Antonis Samaras will launch coalition talks on Monday after coming first in national elections that follow weeks of...
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