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sovereign debt crisis eurozone economy greece bailout eu uk britain david cameron debt crisis

France calls for UK ratings downgrade

ANGLO-French relations hit a new low yesterday as the head of France's central bank called for the UK to be stripped of its...

contagion credit rating david cameron euro france moody's nicolas sarkozy uk

16th Dec. 2011 7:12 PM

MOUTHWATERING: Paris offers a mouth watering dining experience

Debt crisis could ground airlines

THE global airline industry could face losses of more than $8bn next year if European leaders fail to get a grip on the...

airlines contagion

08th Dec. 2011 10:12 AM

4 per cent of the aircraft - the composite moveable trailing edge wing surfaces - are manufactured at Boeing Australia's Fisherman's Bend plant and shipped for assembly to Boeing's US factory in Everett, Washington state.

Domino effect feared for EU

FRANCE'S loss of its AAA rating could have serious consequences for the whole of the European Union.

bailout contagion credit rating france sovereign debt crisis

14th Jan. 2012 4:01 PM

Sources in the Élysée Palace said the President was “exasperated” by a “wilful” decision which flew in the face of the recent easing of tensions on European debt markets

Greece bailed out again

RELIEF at Greece's fresh bailout package was undermined yesterday by growing doubts about the sustainability of the...

bailout contagion greece greek debt crisis sovereign debt crisis

22nd Feb. 2012 2:02 PM

Bailout cheers may be premature

Greece was the alpha, but the omega of this crisis is still nowhere in sight, writes Ben Chu.

bailout contagion greece greek debt crisis opinion sovereign debt crisis

22nd Feb. 2012 8:02 PM

Many analysts have pointed out that this deal between Greece and her European partners could unravel very quickly if Greek MPs backslide on their pledges to cut spending in the coming months.

Battle lines drawn in Europe

BRITAIN and France are joining political forces to curb the German Chancellor's severe plans for saving the Eurozone.

contagion david cameron nicolas sarkozy sovereign debt crisis

02nd Dec. 2011 4:12 PM

The French and British leaders are expected to join a growing rebellion by other EU members against Ms Merkel's call for a new treaty forcing eurozone countries to balance their books.

UK debt hits the trillion mark

THE UK's sovereign borrowing debt pile rose above 1 trillion pounds for the first time ever in December, official figures...

britain contagion david cameron uk

25th Jan. 2012 6:01 PM

Some analysts also suggested that December's figures might have been temporarily inflated by strong VAT revenues and the Government's bank levy.

IMF warns of global collapse

THE world is at risk of another recession thanks to the unresolved eurozone debt crisis, the International Monetary Fund...

contagion imf sovereign debt crisis

25th Jan. 2012 3:01 PM

The report also warned that the global economy would be adversely disrupted by an oil shock, which could result from a conflict with Iran.

Banks in cash feeding frenzy

BANKS gorged on $AUD489 billion of liquidity support from the European Central Bank yesterday as the EU sought to avert a...

contagion european central bank eurozone sovereign debt crisis

22nd Dec. 2011 8:12 AM

Yesterday's offer was the largest sum allocated in an ECB liquidity operation since $442 billion in one-year loans were snapped up by banks in June 2009.

Moody's downgrades three countries

RATINGS agency Moody's Investor Service has today downgraded its credit ratings on Italy, Portugal and Spain.

britain contagion france portugal sovereign debt crisis spain

15th Feb. 2012 6:02 PM

Italy's rating was dropped to A3 from A2, which keeps it at investment grade under Moody's system. Spain fell to A3 from A1. Portugal was cut further into "junk" status, dropping to Ba3 from Ba2.