Posts tagged as: Financial Crisis

EURO gains strength against the dollar after Spain rescues its banks

The euro was poised for its biggest daily rally against the dollar in almost eight months on Monday, after Spain secured help for its debt-stricken banks and as Chinese economic data was not as bad as the market had feared. The euro zone decided to lend its fourth-largest economy up to 100 billion euros ($125 […]

New German president vows to help weaker E.U member states

Germany on Friday swore in new president Joachim Gauck, who warned the government that it had a historical obligation to help Europe’s weakest members as they struggle to stay financially afloat. Gauck, the first head of state from the former communist east, delivered the impassioned appeal to members of parliament and Chancellor Angela Merkel in […]

Italian Prime Minister Silvio Berlusconi’s Resignation and its impact on Italy

Italian Prime Minister Silvio Berlusconi’s Resignation and its impact on Italy Slowly and gradually, now former Prime Minister of Italy, Silvio Berusconi, resigned as the country’s premier after much public and private pressure on him as his nation faced a crisis which has affected the governments of many regions around the world, a debt crisis. […]

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