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

Local government dragging country into economic hell: report

AUSTRALIA is on the brink of falling into the deep dungeon of debt occupied by Europe’s most troubled countries

australian local government association contagion debt economy local government

17th June 2013 10:06 AM

Australian Flag.

Eurozone finance ministers in banking union showdown

EUROZONE finance ministers were squabbling in Brussels over the timetable for a banking union, with some states pushing for...

contagion eurozone

15th May 2013 6:05 AM

“Growth has stalled in Europe and there is a risk of a new recession,” said the Commission's economic chief, Olli Rehn, unveiling the report.

Bad management killed major bank, not the GFC, says report

ENTERING 2008 HBOS was an institution that had forced its way on to the top table of British banking.

big banks contagion gfc

05th April 2013 12:04 PM

HBOS executives Andy Hornby, left, and Lord Stevenson. Their apologies for the loss imposed upon the taxpayers ring hollow, says report.

Accounts at EU banks are 'a joke', warn analysts

EUROPEAN bank accounting has been branded "a joke" by a former vice-chairman of the credit ratings agency Moody's.

banks contagion eu moody's

02nd April 2013 6:04 PM

The Fed, along with the European Central Bank, the Bank of England, the Bank of Canada, the Swiss National Bank and the Bank of Japan, said they would slash the cost to banks of securing US dollars by 50 basis points.

Cypriots hit with one-off 20% tax on savings over $100k

THE Cypriot Government has agreed to impose a one-off 20% tax of savers with more than 100,000 Euros.

bailout contagion cyprus eurozone

25th March 2013 5:03 AM

You made it, you eat it: Bank pays staff in risky debt

CREDIT Suisse, one of the biggest investment banks in London, is set to pay its bankers bonuses in the risky debt they...

bankers contagion credit suisse gfc

07th Jan. 2013 2:01 PM

Market crash of 1987: twenty-five years later

THIS year we celebrate the 25th anniversary of the stock market crash of October 1987.

contagion gfc noel whittaker opinion stock market

17th Dec. 2012 9:12 AM

Noel Whittaker

Rinehart deplores too many heads buried in the sand

MINING billionaire Gina Rinehart has warned that Australia must not continue on a course towards being another Greece as...

contagion debt crisis economy gina rinehart mining

23rd Nov. 2012 4:11 PM

“Growth has stalled in Europe and there is a risk of a new recession,” said the Commission's economic chief, Olli Rehn, unveiling the report.

France loses top rating in blow to Hollande

FRANCE has lost its top credit rating with Moody’s Investors Service, dealing a blow to President Francois Hollande.

contagion credit rating france

20th Nov. 2012 2:11 PM

Greece will need more aid by 2014, says Euro bank

GREECE will need yet more international financial assistance beyond the agreed bailout programs through 2014, a European...

bailout contagion debt crisis ecb

19th Nov. 2012 10:11 AM

The Fed, along with the European Central Bank, the Bank of England, the Bank of Canada, the Swiss National Bank and the Bank of Japan, said they would slash the cost to banks of securing US dollars by 50 basis points.