MANILA, Philippines – Amid tight security and sweltering heat, the 45th annual meeting of the Asian Development Bank (ADB) Board of Governors opened at the Philippine International Convention Center (PICC) in Manila, Wednesday. Read the rest of this entry »
Worst of euro zone crisis is over: ADB president
May 2, 2012
Eurozone leaders push for growth
April 25, 2012
Eurozone leaders have urged governments to focus on growth amid fears about the negative impact of austerity measures.
European Central Bank President Mario Draghi called for a “growth compact”, to go with the balanced-budget pact agreed last year. Read the rest of this entry »
European debt, unemployment threaten to slow down global economy – UN
January 17, 2012
Countries throughout the world will experience an economic slowdown this year as the sovereign debt crisis in Europe continues to unfold, according to a United Nations report launched today that also warns that governments must urgently address high unemployment rates, particularly among youth. Read the rest of this entry »
‘Explaining the euro currency crisis’
November 30, 2011
A fundamental understanding of the euro debt crisis can be appreciated better if its historical background is told. Then, the euro is examined as an economic experiment in institution-building. Read the rest of this entry »
‘Euro debt crisis once again’
November 9, 2011
The euro debt problem caused much more economic uncertainty. Wild swings of stocks, bonds, currencies and commodities characterized recent world markets. And as felt in Greece, the same problem was seen as a big political drama as well. Read the rest of this entry »
World Bank chief warns of ‘more dangerous’ times
August 14, 2011
World Bank chief Robert Zoellick on Saturday warned of a “new and more dangerous” time in the global economy, as Europe struggles to resolve its debt crisis.
Zoellick said the eurozone’s sovereign debt issues were more troubling than the “medium and long-term” problems which saw the United States downgraded by Standard and Poor’s last week, sending global markets into panic. Read the rest of this entry »
IMF warns EU debt crisis may still spread to core
May 14, 2011
FRANKFURT/ATHENS (Reuters) – Despite bailouts for Greece, Ireland and Portugal, Europe’s debt crisis may yet spread to core euro zone countries and emerging Eastern Europe, the International Monetary Fund said on Thursday. Read the rest of this entry »
Euro zone economic growth fails in 4Q 2010
February 15, 2011
BRUSSELS/BERLIN — The euro zone economy ended last year with stable growth, missing expectations as expansion rates in the region’s three largest nations fell short of forecasts and Greece and Portugal contracted. Read the rest of this entry »
Euro zone stability to be ensured
January 14, 2011
LONDON — France and Germany are ready “to do everything, absolutely everything” to ensure the stability of the euro zone, French Prime Minister Francois Fillon said in a speech in London on Thursday. Read the rest of this entry »
Eurozone’s debt problems spook financial markets
January 12, 2011
LOCAL share prices dropped for the third straight session as the pessimism of the week’s opening session spread to Tuesday’s trades. At the Philippine Stock Exchange, the composite index fell 80.21 points, or 1.95 percent to 4,032.37.
The broader all-shares index lost 44.12 points, or 1.47 percent to 2,965.60. Read the rest of this entry »
