Posts tagged "European Union"
EU Will Give More Time to Spain for Deficit
BRUSSELS – Finance ministers of the European Union (EU) will give Spain until 2014, to reach its deficit target of 3% of GDP, three EU diplomats said Monday, before a meeting of ministers on Tuesday, which they will make the decision. “The objectives of fiscal consolidation in Spain will be adjusted to give an...
The Euro Can Not Continue
The European Union will raffle the current financial crisis, but the euro has few options remaining as being the single currency in the region, estimated the American political scientist, Francis Fukuyama. “I do not think the European Union as such will collapse, but I think the euro can not continue. I think there should...
Wall Street Starts Week with Losses
NEW YORK – U.S. stocks fell sharply on Monday, leaving the S & P 500 just above the breakeven point so far this month, as investors saw little reason for optimism on the eve of the summit European Union this week. The markets remained sensitive to news from Europe since the tailspin of debt...
