Icelanders voted in a referendum on Saturday on a $5 billion deal to repay Anglo-Dutch loans, with an expected resounding “No” set to further delay foreign aid and hopes for economic recovery.
Despite the consequences of rejecting the standing deal, Icelanders are set to do just that, angry about what they see as harsh repayment terms [...]
Posts Tagged ‘european union’
Iceland votes over foreign debts, economy at risk
March 6th, 2010 by Financial Writer
Tags: debts, european union, iceland, icelanders, loans, private bankers
more...EU tells Greece to do more on budget, markets improve
March 1st, 2010 by Financial Writer
The European Union urged Greece on Monday to announce new austerity measures within days to tackle a debt crisis that has shaken the euro zone and promised to help Athens overcome the problem.
EU Economic and Monetary Affairs Commissioner Olli Rehn made the call after a first round of talks with Greek officials amid growing market [...]
Tags: athens, debt crisis, eu economic, european union, greece, greek borrowing, greek debt
World markets buoyed by banks despite Greek fears
February 16th, 2010 by Financial Writer
World stock markets mostly rose Tuesday after strong earnings from British bank Barclays PLC and ahead of Wall Street’s open following a public holiday in the U.S.
However, investors, particularly in Europe, remained wary about the Greek debt crisis and the associated response from the European Union.
In Europe, the FTSE 100 index of leading British shares [...]
Tags: british bank, european union, greek debt, greek fears, stock markets
The year 2009 “is a crucial year” for India and the European Union (EU)
June 26th, 2009 by Financial Writer
The year 2009 “is a crucial year” for India and the European Union (EU) to find ways to address common challenges posed by climate
change, energy and terrorism, a top official of the 27-member grouping said here Friday.
India and the EU are “two natural partners” and they need to find ways to fight all those challenges [...]
Tags: energy, european union, india, terrorism