Tag Archives: Eurozone

Oil down in Asian trade

Oil prices were down in Asian trade Monday as markets awaited the outcome of a eurozone finance ministers’ meeting aimed at unlocking the next tranche of aid to debt-strapped Greece. Investors were

Would you like a haircut?

Eurozone finance ministers are considering a possible “haircut” for Greece in 2015, a German newspaper reported on Sunday, in a bid to reduce the recession-wracked country’s debt mountain. Other eurozone countries and

Europe hopes lift Asian markets

Asian markets were boosted Wednesday on increased confidence in the eurozone after Moody’s held off cutting Spain’s credit rating, while Madrid looked to move closer to asking for a bailout. A successful

Another 10 years it is then…

The world economic crisis could take 10 years to run its course, the IMF’s chief economist Olivier Blanchard told Hungarian business news site Portfolio.hu in an interview published on Wednesday. “It’s not