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Tag Archives: crisis

Italy’s economy

Italy’s economy shrinks 0.2% in second quarter after a 0.6% contraction in first three months – economists had forecast a GDP fall of 0.4 to 0.5%

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Greece: New unemployment record at 26.9% in April

Greece: New unemployment record at 26.9% in April Unemployed increase by almost 195,000 more in one year from April 2012 – Employed declined by approximately 160,000 The unemployment rate in Greece rose to even higher levels, highlighting in the most vivid way that this problem, at least for now, is ...

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Eurozone unemployment hits new high

Unemployment in the crisis-stricken euro bloc rose to 12.2% for April, according to Eurostat, the statistics office of the EU. At 24.4%, youth unemployment was double the wider jobless rate and up from 24.3% in March. The problem was most extreme in Greece where almost two-thirds of those under-25 are ...

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Nationalised Bankia has now lost 99% of its stock exchange value since it was listed 22 months ago

Spain’s banking crisis wiped out billions of euros of family savings on Tuesday as small investors who bought shares in the nationalised Bankia were finally able to trade them – but at only a fifth of their original price. The wipeout on Madrid’s stock exchange means that Bankia, which was ...

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World Market News

SWOT Analysis for HOME DEPOT HD Rating agency Standard & Poors downgraded Spain’s sovereign debt rating to BBB- from BBB+, outlook negative. Greece’s unemployment rate jumped to 25.1 percent in July. 10/11/2012 China is expected to weaken to 7.8% growth this year. IMF: It raises estimates for U.S. growth slightly, ...

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