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contagion eurozone bailout greece economy britain eu italy banks david cameron

ECB will do 'whatever it takes'

The ECB has pledged to do whatever's necessary to protect the euro zone from collapse, sending a strong signal that...

contagion ecb eurozone italy sovereign debt crisis spain

27th July 2012 10:07 AM

"Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough," Draghi told an investment conference in London to mark the beginning of the Olympics.

Spain finally asks for bailout

SPAIN has formally requested a European lifeline of up to $126 billion to save its stricken banks and try to avert a...

bailout banking contagion eu eurozone sovereign debt crisis

10th June 2012 10:06 AM

European Central Bank

Dollar could fall if Greece bails

THE Australian dollar could fall below US90¢ if Greece pulls out of the eurozone, the chief currency strategist at...

aud contagion eu eurozone exchange rate greece sovereign debt crisis

21st May 2012 3:05 PM

Currency strategists say if Greece pulls out of the eurozone the dollar could fall much further.

Italian debt fears intensify

MARKET nerves about the Spanish economy showed signs of spreading to Italy yesterday as Rome saw its medium-term borrowing...

bonds contagion italy sovereign debt crisis spain

14th April 2012 6:04 AM

Ms Lagarde had previously called for the fund's lending capacity to be increased to $1 trillion, which would have entailed raising about $600 billion in new pledges from members.

The human cost of austerity

EUROPE is now on suicide watch as anger and pain become the human cost of economic austerity measures, writes Peter...

contagion greece ireland opinion sovereign debt crisis

07th April 2012 6:04 AM

New figures released on Queensland’s youth suicide rate named it the leading cause of death in youths aged 15-17.

Europe may crash again

EUROPE is crashing back into recession as storm clouds gather over the region's twin economic powerhouses, Germany and...

contagion economy europe eurozone crisis sovereign debt crisis

23rd March 2012 6:03 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.

More billions for Greece

THE International Monetary Fund has approved 28 billion euro in funding for crisis-hit Greece over the next four years.

bailout contagion eu eurozone greek debt crisis sovereign debt crisis

16th March 2012 6:03 PM

Without the bailout, Greece would have been forced into a messy default of a AU$18 billion bond repayment due on March 20, a move that could have sent shockwaves throughout the global financial system.

Swiss vote 'No' to extra holidays

AS thousands of people protest austerity measures across Europe, one country is bucking the trend by turning down an extra...

prostitutes referendum sovereign debt crisis switzerland

12th March 2012 4:03 PM

In a remarkable demonstration of the country's famed work ethic, Swiss citizens appear to have voted against raising the minimum holiday from four weeks to six.

Greece gets 'stay of execution'

THE IMF will rubberstamp a AU$28 billion contribution to the second Greek bailout next week, but Athenians feel no more...

contagion greece greek crisis imf sovereign debt crisis

12th March 2012 12:03 PM

Managing Director, IMF - Photo: IMF

EU banks pulled billions from Aus

EUROPE'S troubled banks accelerated efforts to pull loans from countries around the world, including Australia, as the euro...

banks contagion economy europe eurozone sovereign debt crisis

12th March 2012 9:03 AM