http://www.mail.com/in-en/subjects/1380-financial-crisis.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.29/img/mailcom_logo_rss.png http://www.mail.com/in-en/subjects/1380-financial-crisis.html http://www.mail.com/in-en/business/markets/2162044-cyprus-seeks-help-creditors-troubled-bank.html NICOSIA, Cyprus (AP) — Cyprus' president has warned the country's international creditors that its largest bank's cash reserves are running dangerously low, a problem that could undermine the country's 23 billion euro ($30.8 billion) financial rescue package. In a letter obtained by the Associated Press Wednesday, Nicos Anastasiades told the heads of the ... Wed, 19 Jun 2013 17:47:55 GMT http://www.mail.com/in-en/business/markets/2162044-cyprus-seeks-help-creditors-troubled-bank.html 2013-06-19T17:47:55Z http://www.mail.com/in-en/news/europe/2161792-obama-warns-eu-high-youth-unemployment.html BERLIN (AP) — President Barack Obama raised the prospect Wednesday that Europe might need to adjust its economic policies to tackle high youth unemployment and make sure that some countries don't "lose a generation." Obama warned during his visit to Berlin that, while he was confident the euro area's leaders will resolve their debt crisis, austerity and s... Wed, 19 Jun 2013 16:36:32 GMT http://www.mail.com/in-en/news/europe/2161792-obama-warns-eu-high-youth-unemployment.html 2013-06-19T16:36:32Z http://www.mail.com/in-en/business/markets/2161472-imf-calls-urgent-steps-spain-unemployment.html MADRID (AP) — Spain faces the prospect of of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the nation's crippling 27 unemployment rate and free frozen credit to businesses so they can expand, the International Monetary Fund said Wednesday. A report issued by the IMF praised Spain's reforms ... Wed, 19 Jun 2013 12:07:02 GMT http://www.mail.com/in-en/business/markets/2161472-imf-calls-urgent-steps-spain-unemployment.html 2013-06-19T12:07:02Z http://www.mail.com/in-en/business/markets/2161530-portuguese-interest-rates-rise-debt-auction.html LISBON, Portugal (AP) — Investors have demanded higher interest rates to buy 1.5 billion euros ($2 billion) of Portuguese debt as the bailed-out country's economic recovery efforts struggle to gain traction. The government debt agency said it sold 1.05 billion euros in 18-month Treasury bills in an auction Wednesday at a rate of 1.603 percent, up from 1.5... Wed, 19 Jun 2013 10:38:46 GMT http://www.mail.com/in-en/business/markets/2161530-portuguese-interest-rates-rise-debt-auction.html 2013-06-19T10:38:46Z http://www.mail.com/in-en/business/markets/2159100-spain-bad-loan-ratio-edges-toward-11-pct.html MADRID (AP) — The proportion of bad loans on Spanish banks' books has edged up to 10. 8 percent while the Treasury had to pay higher interest rates to raise 5 billion euros ($6.79 billion) in short-term debt — fresh signals of the country's economic troubles. Central bank data Tuesday shows non-performing loans totaled 167.1 billion euros in April, up 14.... Tue, 18 Jun 2013 11:19:16 GMT http://www.mail.com/in-en/business/markets/2159100-spain-bad-loan-ratio-edges-toward-11-pct.html 2013-06-18T11:19:16Z http://www.mail.com/in-en/scitech/health/2158712-ukraine-kids-risk-low-vaccination-rates.html KIEV, Ukraine (AP) — When the time came to vaccinate her 4-year-old daughter, Yelena Hlushko hesitated, spooked by widespread fears in Ukraine about vaccines and by a boil her older child developed after an immunization shot. Eventually she decided to follow the government's recommendation — only to find her local health clinic was out of the vaccine. A c... Tue, 18 Jun 2013 07:01:48 GMT http://www.mail.com/in-en/scitech/health/2158712-ukraine-kids-risk-low-vaccination-rates.html 2013-06-18T07:01:48Z http://www.mail.com/in-en/business/markets/2156948-portuguese-teachers-strike-austerity-plans.html LISBON, Portugal (AP) — Thousands of Portuguese students have missed mandatory end-of-year exams because of a 24-hour strike by teachers opposing government plans to extend their working week and reduce staff numbers. Many teachers stayed away from work Monday, leaving nobody to monitor national exams at some schools. Most of the country's education syste... Mon, 17 Jun 2013 13:51:02 GMT http://www.mail.com/in-en/business/markets/2156948-portuguese-teachers-strike-austerity-plans.html 2013-06-17T13:51:02Z http://www.mail.com/in-en/business/markets/2156624-joy-croatia-enters-eu.html ZAGREB, Croatia (AP) — There will be festivities and fireworks, but Kata Secic can't muster much enthusiasm for Croatia's historic entry into the European Union. The 53-year-old Croatian textile factory worker has a more immediate worry: The underwear manufacturer she works for went bust and she hasn't received her 300-euro ($400) monthly wage in months. ... Mon, 17 Jun 2013 10:03:04 GMT http://www.mail.com/in-en/business/markets/2156624-joy-croatia-enters-eu.html 2013-06-17T10:03:04Z http://www.mail.com/in-en/business/markets/2154628-italy-approves-measures-aimed-boosting-economy.html ROME (AP) — The Italian government has adopted a series of measures aimed at boosting the economy, including the release of 3 billion euros ($4 billion) for infrastructure projects projected to create 30,000 new jobs. Premier Enrico Letta said the measures, based on recommendations from the European Union commission, would help Italians contribute to rest... Sat, 15 Jun 2013 23:08:46 GMT http://www.mail.com/in-en/business/markets/2154628-italy-approves-measures-aimed-boosting-economy.html 2013-06-15T23:08:46Z http://www.mail.com/in-en/news/europe/2151734-europe-seeks-ways-to-ease-youth-unemployment.html ROME (AP) — Germany, France, Italy and Spain agreed Friday to find ways to help small- and medium-sized companies as part of a broader plan to create badly needed jobs for young people. High youth unemployment has been a crippling result of Europe's sovereign debt crisis. Economy and labor ministers from the four nations met to draft proposals that leader... Fri, 14 Jun 2013 17:24:43 GMT http://www.mail.com/in-en/news/europe/2151734-europe-seeks-ways-to-ease-youth-unemployment.html 2013-06-14T17:24:43Z http://www.mail.com/in-en/business/markets/2151618-spains-public-debt-hits-record-high.html MADRID (AP) — Spain's central bank says the country's public debt burden rose to a record 88.2 percent of gross domestic product at the end of the first quarter. The bank said Friday that Spain's debt was 922.82 billion euros ($1.23 trillion) at the end of March, up 19.1 percent from the same period a year earlier. The government has said it expects its d... Fri, 14 Jun 2013 09:57:17 GMT http://www.mail.com/in-en/business/markets/2151618-spains-public-debt-hits-record-high.html 2013-06-14T09:57:17Z http://www.mail.com/in-en/business/markets/2151432-euro-fund-chief-without-imf-long-term.html BERLIN (AP) — The head of Europe's bailout fund says the region should eventually aim to do without help from the International Monetary Fund. Klaus Regling's comments in Friday's edition of Germany's daily Frankfurter Allgemeine Zeitung add to recent hints from other European policymakers that the bloc should aim to handle future emergencies on its own. ... Fri, 14 Jun 2013 07:54:25 GMT http://www.mail.com/in-en/business/markets/2151432-euro-fund-chief-without-imf-long-term.html 2013-06-14T07:54:25Z http://www.mail.com/in-en/business/markets/2149614-imf-portugal-meeting-targets-outlook-grim.html LISBON, Portugal (AP) — The International Monetary Fund says Portugal is on track to meet conditions of its bailout but the economic outlook is grim, support for austerity measures is fading and unemployment is likely to rise further. The IMF made the comments in a statement Thursday, a day after it approved an installment payment of 657 million euros as ... Thu, 13 Jun 2013 15:59:25 GMT http://www.mail.com/in-en/business/markets/2149614-imf-portugal-meeting-targets-outlook-grim.html 2013-06-13T15:59:25Z http://www.mail.com/in-en/business/markets/2146426-ecb-official-defends-crisis-measures-court.html KARLSRUHE, Germany (AP) — A top European Central Bank official rejected accusations that the bank had exceeded its powers while fighting the financial crisis, telling Germany's supreme court its bond-buying program is only meant to ensure its monetary policy works. The Federal Constitutional Court was holding a second day of hearings to weigh allegations ... Wed, 12 Jun 2013 17:42:12 GMT http://www.mail.com/in-en/business/markets/2146426-ecb-official-defends-crisis-measures-court.html 2013-06-12T17:42:12Z http://www.mail.com/in-en/business/markets/2146214-italy-raises-7-billion-euros-bond-sale.html MILAN (AP) — Italy paid slightly higher interest rates to sell 7 billion euros ($9.3 billion) in 12-month bonds. The Italian Treasury said Wednesday that it paid 0.96 percent for the bonds, up from a record low of 0.73 percent at the last such auction in May. Demand was 1.49 times the amount on offer, up from 1.16 percent last month. ... Wed, 12 Jun 2013 10:15:22 GMT http://www.mail.com/in-en/business/markets/2146214-italy-raises-7-billion-euros-bond-sale.html 2013-06-12T10:15:22Z http://www.mail.com/in-en/business/markets/2143364-turkish-economy-depends-political-stability.html LONDON (AP) — The escalation in the clashes between Turkey's government and protesters could hurt an economy that has become a source of growth and stability in a region hit by recession and unrest. The protests started 12 days ago as a demonstration against plans to bulldoze and redevelop a park in central Istanbul. They weren't very different from the O... Tue, 11 Jun 2013 19:38:59 GMT http://www.mail.com/in-en/business/markets/2143364-turkish-economy-depends-political-stability.html 2013-06-11T19:38:59Z http://www.mail.com/in-en/business/markets/2143226-german-court-weighs-legality-ecb-crisis-measure.html KARLSRUHE, Germany (AP) — Top European financial officials testified Tuesday for and against a European Central Bank program that has been instrumental in calming the euro debt crisis as it faced a legal challenge in Germany's highest court. The Federal Constitutional Court in Karlsruhe is considering arguments against the ECB's program, which has been cr... Tue, 11 Jun 2013 16:31:27 GMT http://www.mail.com/in-en/business/markets/2143226-german-court-weighs-legality-ecb-crisis-measure.html 2013-06-11T16:31:27Z http://www.mail.com/in-en/news/europe/2143486-juncker-concedes-mistakes-greek-bailout.html ATHENS, Greece (AP) — Former Eurogroup president Jean-Claude Juncker conceded Tuesday that mistakes were made in the bailout of Greece — days after a similar admission by the International Monetary Fund. The Luxembourg prime minister, who played a central role in the 2010 bailout out through his position as the head of the grouping of the euro finance min... Tue, 11 Jun 2013 11:10:34 GMT http://www.mail.com/in-en/news/europe/2143486-juncker-concedes-mistakes-greek-bailout.html 2013-06-11T11:10:34Z http://www.mail.com/in-en/business/markets/2141270-greek-gas-sale-deflates-amid-eu-imf-inspection.html ATHENS, Greece (AP) — Greece's troubled privatization program suffered a blow Monday after the Russian energy giant Gazprom withdrew its interest in buying the natural gas firm DEPA, citing fears over the Greek company's future finances. The news, announced as a delegation from Greece's international creditors returned to Athens for a new round of inspect... Mon, 10 Jun 2013 19:00:47 GMT http://www.mail.com/in-en/business/markets/2141270-greek-gas-sale-deflates-amid-eu-imf-inspection.html 2013-06-10T19:00:47Z http://www.mail.com/in-en/business/markets/2141052-ecb-defends-bond-program-german-hearing.html BERLIN (AP) — A top European Central Bank official has warned that a German court judgment against the bank's program to buy the bonds of troubled economies could reignite concerns over the future of the euro. Germany's Federal Constitutional Court, the country's highest, holds a two-day hearing starting Tuesday centering partly on the ECB's offer last Se... Mon, 10 Jun 2013 14:28:46 GMT http://www.mail.com/in-en/business/markets/2141052-ecb-defends-bond-program-german-hearing.html 2013-06-10T14:28:46Z http://www.mail.com/in-en/business/markets/2141174-cypriot-puts-mock-toilets-central-bank.html NICOSIA, Cyprus (AP) — Andreas Efstathiou's vision of Cyprus' tanking economy is 20 plaster-and-perlite creations that look like toilets but also resemble tombstones. The artist put them on display on Monday in two neat rows outside the gates of Cyprus' central bank. Passers-by greeted the work with a mixture of bemusement and resigned acceptance. "Isn't ... Mon, 10 Jun 2013 10:05:17 GMT http://www.mail.com/in-en/business/markets/2141174-cypriot-puts-mock-toilets-central-bank.html 2013-06-10T10:05:17Z http://www.mail.com/in-en/business/markets/2136640-greek-opposition-imf-mistake-wont-ease-austerity.html ATHENS, Greece (AP) — An admission from the International Monetary Fund this week that it mishandled the early stages of Greece's massive bailout will not lead to any easing up of austerity measures, the crisis-hit country's opposition leader said in an interview late Friday. Alexis Tsipras, leader of the left-wing Syriza party, told The Associated Press ... Fri, 07 Jun 2013 21:26:18 GMT http://www.mail.com/in-en/business/markets/2136640-greek-opposition-imf-mistake-wont-ease-austerity.html 2013-06-07T21:26:18Z http://www.mail.com/in-en/business/markets/2136918-cyprus-lifts-restrictions-russias-avtovazbank.html NICOSIA, Cyprus (AP) — Cyprus authorities on Friday removed restrictions on money withdrawals and transfers for the clients of Russian bank Avtovazbank who don't live on the island. The Russia-based bank has become the 16th foreign lender that Cyprus has exempted from capital controls. But limits, including a 300 euro ($385) daily withdrawal cap, still ap... Fri, 07 Jun 2013 17:12:39 GMT http://www.mail.com/in-en/business/markets/2136918-cyprus-lifts-restrictions-russias-avtovazbank.html 2013-06-07T17:12:39Z http://www.mail.com/in-en/business/economy/2136540-eus-top-economic-official-lashes-imf.html HELSINKI (AP) — The man in charge of the European Union's rescues of its debt-crippled countries has slammed the International Monetary Fund's criticism of the Greek bailout, accusing the organization of trying to whitewash its role and throwing the "dirty water" on Europe instead. The unusually blunt outburst Friday from Olli Rehn, the EU's top economic ... Fri, 07 Jun 2013 16:21:26 GMT http://www.mail.com/in-en/business/economy/2136540-eus-top-economic-official-lashes-imf.html 2013-06-07T16:21:26Z http://www.mail.com/in-en/business/markets/2136414-portugals-parliament-approves-spending-cuts.html LISBON, Portugal (AP) — Portugal's two coalition government parties have used their parliamentary majority to pass 2013 state budget amendments contested by the opposition, which wants to ease the bailed-out country's austerity drive. The center-right government had to redraw its spending plans after the Constitutional Court ruled that some of this year's... Fri, 07 Jun 2013 13:00:31 GMT http://www.mail.com/in-en/business/markets/2136414-portugals-parliament-approves-spending-cuts.html 2013-06-07T13:00:31Z http://www.mail.com/in-en/business/economy/2133500-eu-rejects-imf-criticism-handling-greek-crisis.html BERLIN (AP) — Two of the main institutions in charge of managing Europe's debt crisis have clashed over whether mistakes were made in the handling of Greece's debt woes. The European Commission, executive arm of the 27-country European Union, Thursday firmly rejected a report from the International Monetary Fund on the Greek bailout, adding that it "funda... Thu, 06 Jun 2013 18:00:20 GMT http://www.mail.com/in-en/business/economy/2133500-eu-rejects-imf-criticism-handling-greek-crisis.html 2013-06-06T18:00:20Z http://www.mail.com/in-en/business/markets/2130380-glance-key-ecb-measures-to-calm-eurozone-crisis.html FRANKFURT, Germany (AP) — The European Central Bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European Union member countries that use the euro. The ECB is the issuer of the euro currency and serves as the top monetary authority for the eurozone and its 333 million people. Some of its ... Thu, 06 Jun 2013 13:59:29 GMT http://www.mail.com/in-en/business/markets/2130380-glance-key-ecb-measures-to-calm-eurozone-crisis.html 2013-06-06T13:59:29Z http://www.mail.com/in-en/news/europe/2133766-portuguese-parties-remain-divided-austerity.html LISBON, Portugal (AP) — Portugal's main opposition Socialist Party says its differences with the government over economic policy are insurmountable and prevent the forging of a political consensus that the country's bailout creditors would like to see. The center-right coalition government is enacting series of budget cutbacks and tax increases, as well a... Thu, 06 Jun 2013 13:56:36 GMT http://www.mail.com/in-en/news/europe/2133766-portuguese-parties-remain-divided-austerity.html 2013-06-06T13:56:36Z http://www.mail.com/in-en/news/europe/2133022-frances-hollande-visits-japan-to-push-nuke-ties.html TOKYO (AP) — French President Francois Hollande arrived in Japan on Thursday for a visit expected to focus on closer cooperation in nuclear energy technologies and on Prime Minister Shinzo Abe's economic strategies. Hollande and Abe will hold summit talks that local media say may yield an agreement on cooperating in nuclear fuel cycle technology, next-gen... Thu, 06 Jun 2013 12:15:06 GMT http://www.mail.com/in-en/news/europe/2133022-frances-hollande-visits-japan-to-push-nuke-ties.html 2013-06-06T12:15:06Z http://www.mail.com/in-en/business/markets/2133420-greek-unemployment-hits-high-268-percent.html ATHENS, Greece (AP) — Unemployment in recession-mired Greece continued its record-setting rise in March, reaching 26.8 percent of the workforce compared to a revised 26.7 percent a month earlier. Figures provided by the country's national statistical authority Thursday set the total number of unemployed in March at 1.3 million. In March 2008, just before ... Thu, 06 Jun 2013 10:15:43 GMT http://www.mail.com/in-en/business/markets/2133420-greek-unemployment-hits-high-268-percent.html 2013-06-06T10:15:43Z