Eu Strikes $670 Billion Crisis Deal

EU strikes $670 billion crisis deal

BRUSSELS (Reuters) - The European Union agreed on a 500 billion-euro ($670 billion) emergency fund in the early hours of Monday to protect highly indebted eurozone countries from the "wolfpack" of financial markets.

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    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • Cyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Banks Revive Risky Loans and Mortgages
    Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More
  • German parliament backs Cyprus bailout
    Germany's lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny Mediterranean island nation and keep it in the euro zone. More
  • IMF trims global growth forecast, sees bumpy recovery
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  • U.K. Government in New $38 Billion Plan to Limit Mass Unemployment
    Chancellor of the Exchequer Rishi Sunak unveiled on Wednesday a “plan for jobs” of up to £30 billion ($38 billion) to guide the U.K. economy through recovery after the devastating impact of the ...
    07/8/2020 - 3:22 am | View Link
  • Currency crisis impoverishes Iranians, strains economic defenses
    Desperate to afford her daughter's overseas university fees, 58-year-old retired Iranian teacher Maryam Hosseini withdrew all her savings from the ...
    07/6/2020 - 7:15 pm | View Link
  • Blockchain Bites: Refunds, Sovrin’s Layoffs and AML Bitcoin’s AML Issues
    New York officials have instituted a three-strike rule for crypto firms applying for the BitLicense, the Sovrin Foundation is now volunteer run and Aussies can now buy BTC at their post office.
    07/3/2020 - 8:43 pm | View Link
  • Merkel and Macron warned EU fund 'not going to fix' eurozone imminent collapse
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    06/30/2020 - 10:58 pm | View Link
  • Scandinavian Airlines gets $1.5 billion to survive crisis
    Scandinavian Airlines said Tuesday it is getting an aid package worth 14.25 billion kronor ($1.5 billion) after an agreement with its main shareholders, securing the carrier’s ...
    06/29/2020 - 9:40 pm | View Link
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