German Chancellor Angela Merkel and French President Francois Hollande said they would consider measures to spur economic growth in Greece as long as voters there committed to the austerity demanded to stay in the euro. Requests for measures to bolster growth will be “considered” and the European Union may also “approach Greece with proposals,” Merkel [...]
Tag Archives: France
Greece Euro-Exit Debate Goes Public
May 10, 2012
From the monetary fortress of the European Central Bank to the pro-European duchy of Luxembourg, policy makers are beginning to air their doubts that Greece can stay in the euro. “If Greece decides not to stay in the euro zone, we cannot force Greece,” German Finance Minister Wolfgang Schaeuble said at a conference sponsored by [...]
European Stocks Fall Before Election Weekend, Jobs Data
May 4, 2012
European stocks dropped as investors awaited the American payrolls report today and elections in France, Greece, Italy and Germany this weekend. U.S. index futures were little changed, while Asian shares fell. Royal DSM NA, the world’s largest maker of vitamins, declined 2.1 percent after Bank of America Corp. downgraded its recommendation for the stock. Rio [...]
Global Growth Seen Subdued, Still Very Reliant on Asia
April 20, 2012
The global economy is set to expand by a modest 3.3 percent this year as a still-smoldering euro zone debt crisis and a relatively slow U.S. recovery continue to leave Asia as the main driver of growth, Reuters polls showed on Thursday. Asian economies, as well as Latin America, are expected to pick up the [...]
German Exports Unexpectedly Rose for Second Month in February
April 10, 2012
German exports unexpectedly increased for a second month in February, led by demand from outside Europe. Exports, adjusted for work days and seasonal changes, rose 1.6 percent from January when they gained 3.4 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a drop of 1.2 percent, according to the median of 10 [...]
More investors sign up for Greek debt swap
March 7, 2012
More private sector lenders have signed up to a Greek debt swap deal that may determine whether or not the country can remain in the euro. The banking group leading negotiations said that 39.3% of bondholders have agreed to swap their Greek government bonds for new debt. But 75% in total is needed for the [...]
Oil Prices to Extend Gains, Threatening Global Recovery
February 27, 2012
Oil prices are poised to gain for the third straight week, undermining global equity market sentiment and threatening the fragile economic recovery, CNBC’s weekly survey of market sentiment showed. A CNBC poll of analysts and traders showed 12 out of 16 respondents, or 75 percent, expect oil prices to rise this week. Three believe prices [...]
French Consumer Confidence Rises on Recovery
February 24, 2012
French consumer confidence climbed for a second month in February after the economy unexpectedly expanded in the fourth quarter, adding to signs of recovery. A measure of sentiment rose to 82 in February from 81 in January, national statistics office Insee said in Paris today. That matched economists’ expectations for a reading of 82, according [...]
Europe Demands More Greek Budget Controls
February 16, 2012
Europe’s creditor countries struggled to bridge divisions over a rescue of Greece, seeking more control over how future aid is spent as the clock ticked toward a possible default next month. Stocks and the euro fell. In a replay of the brinkmanship that marked the early stages of the Greek crisis two years ago, euro-area [...]












May 16, 2012
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