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Tag Archive | "debt"

Italian rates rise in six-month bond auction

Wednesday, August 28, 2013

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A trader uses telephones in a bank trading roomin Milan, Italy on May 31, 2010

Italy raised 8.5 billion euros ($11.4 billion) as planned at an auction of six-month bills on Wednesday, but the interest rate demanded by investors rose to 0.886 percent from 0.799 percent in July.

Germany’s finances in black in first half

Friday, August 23, 2013

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File picture shows the Reichstag building (lower house of parliament), in Berlin

Germany ran up a general government surplus of 8.5 billion euros ($11.3 billion) in the first six months of this year, equivalent to 0.6 percent of output, data showed Friday.

China ‘orders audit of government debt’

Sunday, July 28, 2013

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A Chinese commuter rides past 'Chinese Dream' billboards in the Central Business District in Beijing on July 26, 2013

China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world's second-largest economy.

S&P cuts Iceland outlook to negative on debt plan

Friday, July 26, 2013

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An aerial view of Reykjavik apartment buildings and office blocks on October 10, 2008

Standard & Poor's revised the outlook for Iceland's long-term credit rating to negative from stable on Friday, advising the government against pursuing a plan for massive mortgage relief.

Dexia rescue cost France 6.6 bn euros: auditor

Thursday, July 18, 2013

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The headquarters of Franco-Belgian bank Dexia in the Paris business district of La Defense, October 17, 2011

The rescue of Franco-Belgian bank Dexia cost the French state 6.6 billion euros ($8.6 billion), the public auditor said on Thursday, adding that the bill could rise.

S&P affirms Germany’s AAA credit rating

Friday, July 12, 2013

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People arrive at Berlin's iconic Brandenburg Gate on June 19, 2013 ahead of a speech by US President Barack Obama

Credit rating agency Standard & Poor's affirmed on Friday the top-notch triple-A rating for German sovereign debt, saying Europe's top economy could withstand any shocks from the eurozone crisis.

EU hails strengthening of Spain’s banks

Wednesday, July 10, 2013

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A woman uses an ATM outside a branch of Bankia in Madrid on July 3, 2013

European Union officials hailed the strengthening of Spain's banking sector on Wednesday after they swooped to rescue it last year saying Spanish lenders need no more bailout funds for the time being.

EU hails strengthening of Spain’s banks

Wednesday, July 10, 2013

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A woman uses an ATM outside a branch of Bankia in Madrid on July 3, 2013

European Union officials hailed the strengthening of Spain's banking sector on Wednesday after they swooped to rescue it last year saying Spanish lenders need no more bailout funds for the time being.

EU gives Latvia green light for euro membership

Tuesday, July 9, 2013

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View of the Latvian capital Riga from top of St. Peters Church on May 11, 2006

Economy and finance ministers from the 28 European Union countries gave the final green light to Latvia on Tuesday to join the eurozone on January 1 2014.

Greece set to receive 8.1 bn euros in fresh aid

Monday, July 8, 2013

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Municipal workers protest in front of the Greek parliament in Athens in April 2013

Creditors concluded a technical audit of reforms in Greece on Monday, opening the way for payment of 8.1 billion euros in fresh aid if finance ministers approve the audit report, officials said.

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