Posts Tagged ‘European economy’

Greece faces challenges

Tuesday, February 21, 2012 Comments off

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…

EU agrees to impose tighter fiscal discipline

Tuesday, January 31, 2012 Comments off

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…

Berlin summit:Merkel, Sarkozy in rescue talks

Monday, January 9, 2012 Comments off

Photo: EPA 

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…

The EU summit: failed or not?

Friday, December 9, 2011 Comments off

Laaska news  Dec. 9, 2011
Chernitsa Polina
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…

Italy:New Italian PM says no common market without euro

Friday, November 18, 2011 Comments off

Laaska News  Nov. 18,2011

Photo: EPA    

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.

Read more…

Moscow:Russia to the rescue

Wednesday, November 16, 2011 Comments off

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…

France:G20 summit ends in Cannes

Friday, November 4, 2011 Comments off

Laaska News  Nov. 4 ,2011


Photo: EPA

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…