PORTUGAL

U.S. Treasury Secretary Tim Geithner

Geithner Presses EU to Act Decisively, Speak as One

Treasury Secretary Timothy Geithner told EU finance ministers on Friday they should end loose talk about a euro zone break-up and work more closely with the European Central Bank to tackle the debt crisis.
More news
IBTimes Logo

European treasury needed to avoid Depression: Soros

Billionaire investor George Soros has warned Europe's debt crisis risks triggering another Great Depression unless euro zone leaders adopt a series of radical policy measures, including the creation of a common treasury.
IBTimes Logo

EU bond comments lifts European shares

European shares rose and the euro pared losses on Wednesday after the head of the European Commission said it would soon present options for the introduction of euro area bonds, offering a glimmer of hope for an easing of the sovereign debt crisis.
IBTimes Logo

European stocks, euro reverse losses

European shares turned positive and the euro pared losses on Wednesday after the head of the European Commission said it would soon present options for the introduction of euro area bonds.
General view of a the logo outside a branch of French bank Societe Generale in Paris

Moody's Cuts French Banks' Ratings as Euro Crisis Deepens

Moody's Investors Service cut the credit ratings of France's Credit Agricole SA and Societe Generale on Wednesday, citing their exposure to Greece's debt, a fresh blow to euro area leaders struggling to restore confidence in the region.
A trader is pictured at his desk in front of the DAX board at the Frankfurt stock exchange

Global Stocks Fall as Euro Crisis Saps Confidence

Asian stocks, U.S. index futures and the euro fell on Wednesday as investors remained unconvinced that euro zone leaders have a coherent plan to tackle the bloc's sovereign debt problems, which many fear could trigger a new banking crisis.
IBTimes Logo

Fiat-Chrysler CEO: euro system could derail

The euro single-currency system could be derailed unless European leaders resolve the debt crisis, a situation that has already prompted Fiat SpA and its affiliate Chrysler Group LLC to examine the timing of vehicle introductions, Fiat's CEO said on Tuesday.
Europe Debt Crisis

U.S. Investors Concerned Europe Debt Crisis Will Worsen

U.S. investors remained concerned that Europe's leaders are not getting ahead of the Greek crisis, which could result in a full-fledged Europe bank crisis, even as German Chancellor Angela Merkel, while not committing more German funds to possible intervention, again dismissed talk of a Greek default.
IBTimes Logo

European Shares Hit Fresh Two-Year Low on Debt Fears

European shares fell again Tuesday morning, hitting a fresh two-year low for the second straight session as investors worried policymakers had no plan to stem the euro zone debt crisis, which could see Greece default.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.