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On 14 September 2011, in a move to further ease Ireland's difficult financial situation, the European Commission announced it would cut the interest rate on its €22.5 billion loan coming from the European Financial Stability Mechanism, down to 2.59 per cent—which is the interest rate the EU itself pays to borrow from financial markets. [130]
2008 financial crisis; Great Recession (worldwide) 2000s energy crisis (2003–2009) oil price bubble; Subprime mortgage crisis (US) (2007–2010) 2000s United States housing bubble and 2000s United States housing market correction (2003–2011) 2008–2010 automotive industry crisis (US) 2008–2011 Icelandic financial crisis; Post-2008 Irish ...
The European sovereign debt crisis resulted from a combination of complex factors, including the globalization of finance; easy credit conditions during the 2002–2008 period that encouraged high-risk lending and borrowing practices; the 2007–2008 financial crisis; international trade imbalances; real-estate bubbles that have since burst ...
2007–2008 world food price crisis; 2000s energy crisis; Effects of the 2000s energy crisis; 2008–2010 automotive industry crisis; Global catastrophic risk; Social situation in the French suburbs; Causes of the Great Recession; Great Recession in Europe; 2010 European sovereign debt crisis timeline; 2008 financial crisis; Russia–Ukraine ...
The Cypriot debt-to-GDP ratio is on this background now forecasted only to peak at 126% in 2015 and subsequently decline to 105% in 2020, and thus considered to remain within sustainable territory. The €10bn bailout comprise €4.1bn spend on debt liabilities (refinancing and amortization), 3.4bn to cover fiscal deficits, and €2.5bn for the ...
Swiss bank UBS is set to shell out more than $1.4 billion to settle accusations of “historic” fraud relating to its role in the 2008 financial crisis. The European banking giant has agreed to ...
Ukraine was hit heavy by the economic crisis of 2008, analysts say the plights of Ukraine are slumping steel prices, local banking problems and the cutting of Russian gas supply in January 2009. [131] Key industries such as metallurgy and machine building are laying off workers, and real wages have started to fall for the first time in a decade ...
Savanta’s research shows among Europe’s 18-34-year-olds, 63% are spending less on alcohol purchases in supermarkets, while 67% are drinking less when they go to restaurants and bars.