News - Eurozone
KPI Library now delivers the Eurozone Debt Crisis Visualized, an overview what is really going on in the Eurozone.
Profit Confidential, the popular stock market and economic e-letter, says today that “to understand the European debt crisis, investors must realize that Greece is not the problem.â€
Britain and France disagree on how to limit big bonuses for bankers, which both countries hold partially responsible for the financial crisis, analysts say. Finance ministers were meeting in London Saturday in a preparatory session for this month's Group of 20 summit in Pittsburgh, where a top agenda item will be huge bonuses given to investment bankers, the BBC reported. British Prime Minister Gordon Brown opened the meeting saying: Pay and bonuses cannot reward failure or encourage unacceptable risk-taking, The Times of London reported.
France and Germany both said their economies grew 0.3 percent in the second quarter, posting surprise gains in the midst of a global contraction. The 27-nation European Union posted a second quarter slowdown of 1.2 percent, while productivity in the 16-member eurozone shrank 0.4 percent, The New York Times reported Thursday. The economies of both areas -- the European Union and the eurozone -- shrank by 2.5 percent in the first quarter.
