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Austerity Breeds Civil Unrest
Greece's Parliament on Sunday approved the austerity and debt-relief bill, required for the country to avoid bankruptcy. Greece's government has expelled 43 deputies from its ranks in parliament, over dissent in a do-or-die austerity vote. Will these measures be considered legal when challenged in court by allowing this.
08:19 GMT | FXEmpire
Euro Gains After Greek Move
The euro edged up on Monday after the Greek parliament approved an austerity bill that put the country a step closer to securing much-needed funds, though market players warned of more hurdles before lenders seal a bailout deal.
By Eric Linton | 03:50 GMT |
Asian Markets and Euro Gain After Greek Vote
Asian shares and the euro gained modestly Monday, relieved by the Greek parliament's passage of austerity measures that put the country a step closer to securing a much-needed bailout fund and avoiding a messy default.
By Chikako Mogi | 01:33 GMT | Reuters
Australian Stock Market Leads - 02/13/2012
Australian stocks are in for a rough day as there are not enough leads from other markets to rally on Monday's opening, analysts say.
By Christine Gaylican | 23:13 GMT | IBTimes AU
Australian Dollar Outlook - 02/13/2012
Bell FX Currency Outlook: The AUD tumbled on Friday from the close to 1.0800 to open just below 1.0700 this morning as financial markets became nervous before the vote on austerity measures by the Greek Parliament.
By Christine Gaylican | 22:56 GMT | IBTimes AU
Do The Greeks Understand Europeans
Athenian's continue their protests. Greece's two main labour unions, GSEE and ADEDY, already plan to hold a 48-hour strike on Friday and Saturday against a new package of austerity measures. Union leaders have constantly stated that the requirements for the bailout package are unacceptable.
Feb 11 | FXEmpire
Obama's Proposed Fiscal 2013 Budget Has $901B Deficit
The fiscal 2013 budget President Barack Obama will present to Congress on Monday will include hundreds of billions in infrastructure spending and a projected deficit of $901 billion, or about 5.5 percent of the nation's gross domestic product.
By Mike Obel | Feb 10 | IBTimes
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