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Worldwide Construction
The situation of companies in the construction sector closely reflects the world, regional and national economic trends. At a time when the world economy is characterized by divergences between countries, with a recession in the euro zone, there are significant disparities between countries and subsectors. The construction sector was badly hit by the 2009 crisis, and a large number of payment incidents were still occurring in 2011. [Read more…]
EU leaders struggle
European leaders struggled to reconcile austerity with growth on Monday at a summit due to approve a permanent rescue fund for the euro zone and put finishing touches to a German-driven pact for stricter budget discipline. [Read more…]
Germany and France push change
The president of the European Commission appealed to EU leaders on Thursday to set aside their differences and unite to rescue the euro from a sovereign debt crisis that is menacing the world economy. [Read more…]
Brussels – European leaders have reached agreement on bolstering the capital ratio of banks in the Eurozone to 9.0 percent in order to provide additional capital buffer amid the ongoing sovereign debt crisis in some of the countries, says Polish Prime Minister Donald Tusk. [Read more…]
Eurozone Greece
European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the euro zone’s sovereign debt crisis. [Read more…]
