The UK Economy

Euro Crisis: Greek Economy Set to Shrink 7 pc, as Spain's Troubles Continue

Jul 24 2012 @ 06:48
Antonis Samaras, Greece’s new Prime Minister, this morning described the challenges the Greek government now faces as “Herculean”. In a speech to parliament, Samaras also said the Greek economy may shrink by more than seven per cent this year. It would not return to growth until at least 2014. The economically troubled nation’s central bank had previously forecast...

Euro Crisis : Spain Deal Set for EU Approval

Jul 20 2012 @ 06:10
Spain’s much-needing banking system rescue, worth €100 bn, is expected to be ratified by EU finance ministers later today, The deal was yesterday backed by German lawmakers – although chancellor Angela Merkel was forced to rely on opposition votes yet again. Continuing problems in the Eurozone were blamed for higher than expected government borrowing figures in the UK.  Britain...

Euro Crisis : IMF Warning for Europe

Jul 17 2012 @ 07:42
The International Monetary Fund (IMF) has warned the worst of the euro crisis may be yet to come, as it cut its global growth forecast again this week. The organisation warned predicted growth rates could be slashed further if Europe’s policy makers do not act fast enough, and/or with enough force to stamp out the region’s on-going debt crisis. The […]

Euro Crisis : Banks Downgraded

Jun 22 2012 @ 08:41
Fifteen major global financial institutions were downgraded by Moody’s late last night, reflecting losses the ratings agency says are likely due to the current, ongoing volatile state of capital markets. Affected lenders included British banking giants Barclays, HSBC, RBS and Lloyds as well as Credit Suisse. The Swiss institution was dealt the harshest and most unexpected blow as...

Lloyds' Banking Group CEO Planning to Return

Dec 12 2011 @ 09:22
According to Stocks & Shares TV, the board of Lloyds Banking Group will be making a decision soon as to approving the return of CEO; António Horta-Osório, who has been on medical leave since November, due to extreme fatigue.  UK Financial Investments has already indicated it is in favor of Horta-Osório’s return. UK Financial Investments […]
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