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Friday, December 12, 2014
Russia's central bank on Thursday jacked up its key lending rate again, in a bid to stem the ruble's rapid slide and slow rising prices but the currency swiftly sank to fresh lows.
Greek stocks on Thursday tumbled for a third straight day over fears that early elections could take place by February, a bad omen for the fragile recovery.
Thursday, December 11, 2014
Greek stock market plummets on fear of political crisis
The Greek stock market had its biggest plunge since 1987 Tuesday as concerns mounted that the country is heading for a political crisis that could jeopardize its financial rescue program.
Crisis-hit France was Wednesday to unveil a controversial package of reforms to unblock its stagnant economy, including a deeply divisive plan to extend Sunday opening hours for shops.
The World Bank announced a gloomier economic forecast for Russia on Tuesday as the ruble fell despite the central bank saying it had spent billions last week to prop it up.
Wednesday, December 10, 2014
Eurozone ministers OK Greece bailout extension
Eurozone ministers on Monday approved a request from Greece for a two-month extension to its bailout program that was set to end Dec. 31, amid an ongoing budget row between Athens and its EU-IMF creditors.
Eurozone ministers failed to find common ground on a long promised financial transaction tax, official sources said on Monday, put into jeopardy by sharply differing views on its implementation.
Friday, December 5, 2014
Investors are waiting to learn more about when the European Central Bank (ECB) might launch large-scale corporate or government bond purchases to help the economy and bring inflation up from dangerous lows.
Thursday, December 4, 2014
The ruble turned back down on Wednesday, reaching new record lows against the dollar and the euro as trading began, before recovering slightly.
Greek Prime Minister Antonis Samaris said Tuesday he had rejected calls from the EU and IMF to raise taxes to satisfy the demands of the country's bailout program.
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