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Wednesday, February 29, 2012

UK GDP growth for 2011 revised down to 0.8%

Household spending crept up 0.5% during the last three months of 2011 and government spending grew strongly, but it was not enough to prevent the wider British economy from contracting.

Tuesday, February 28, 2012

S&P Lowers Euro Rescue Fund Outlook to 'Negative'

Standard & Poor’s on Monday lowered its outlook on the European Financial Stability Facility (EFSF), the fund created for bailing out debt-laden eurozone countries.

Monday, February 27, 2012

Pressure on Europe grows at Mexico G-20 meeting

MEXICO CITY (AP) — Pressure mounted on Europe Saturday to build an even bigger financial stabilization fund to head off sovereign debt concerns, with the United States, Brazil, and the Organization for Economic Cooperation and Development all urging an increase.

Sunday, February 26, 2012

France, Belgium back combining Europe's rescue funds: source

PARIS (Reuters) - France has Belgium's support for combining Europe's rescue funds in the face of German opposition, a source close to the French presidency said on Friday.

Friday, February 24, 2012

EU executive to push for bigger rescue fund, win IMF support

BRUSSELS (Reuters) - The European Commission wants euro zone leaders to agree to a bigger rescue fund to nudge the IMF into backing debt-stricken European economies, despite German resistance to boosting it, the EU's top economic official said on Thursday.