Laaska News Feb. 21, 2012
Economists say Greece faces a number of challenges despite the agreement on a second bailout to help the country avoid default.
A short-term issue is whether the country can implement austerity measures. Read more…
Laaska News Jan 31, 2012
The leaders of the European Union have agreed on a new treaty aimed at imposing tighter fiscal discipline on member states.
The agreement came at their first summit of the year on Monday in Brussels, Belgium. Read more…
France and Germany support proposals to further stimulate markets, tax financial transactions and ask the European Central Bank to assess the potential of what is known as the European Financial Stability Fund. They also hope the period before March will bring an EU pact on coordinating national budgets. Read more…
Laaska news Dec. 9, 2011
The first day of the EU summit to approve a change in the Lisbon Treaty has brought no breakthrough as the bloc`s 27 members failed to agree on the issue. The reform was vetoed by Great Britain. Meanwhile, the participants Read more…
Laaska News Nov. 18,2011
The end of the euro would lead the disintegration of the common European market, Italy’s new Prime Minister Mario Monti said in the Senate (the upper chamber of parliament) Thursday.
Laaska News Nov. 16,2011 Read :Russia in changing world
Vladimir Putin. Photo: RIA Novosti
Being fiscally sound, Russia is prepared to supply the IMF with extra funds for providing rescue to Europe. Read more…
Laaska News Nov. 4 ,2011
According to reports from Cannes, a draft closing paper from the summit of the G-20 contains directives to drop protectionism, balance currency rates, bolster national markets, create jobs and carry out far-going structural reforms. The US is also advised to reduce its sovereign debt. Read more…