Worries over Greece’s swelling debt will dominate two days of talks between European Union finance ministers that started Monday, as the euro fell to a ten-day low against the dollar.
ECB rates on hold, bank wrestles with Greek debt (AFP via Yahoo! News)
The European Central Bank will keep its key interest rate at a record low of 1.0 percent on Thursday, analysts say, as ECB president Jean-Claude Trichet wrestles with questions on the Greek debt crisis.
AB InBev to Sell Central Europe Units to CVC, Reducing Its Debt (Bloomberg)
Oct. 15 (Bloomberg) — Anheuser-Busch InBev NV agreed to sell beer brands in nine eastern European countries to CVC Capital Partners Ltd. for as much as $3 billion, reducing debt with its second asset sale to a buyout firm in a month.
EU warns Britain, Spain of rising debt, costs (AP via Yahoo! Finance)
The European Commission warned Britain, Spain, Greece, Ireland and Latvia on Wednesday that their economies are at high risk because soaring public debt may hurt their ability to meet future needs, such as paying pensions.
European Union warns Britain, Spain of rising debt, costs (KYIV Post)
AP European Commissioner for Industry Guenter Verheugen, left, and Belgium’s Flanders Region Minister President Kris Peeters right walk into a meeting at EU headquarters in Brussels, Monday Sept.
Fiscal consolidation will need 1% of GDP (di-ve)
The Governor of the European Central Bank Jean Claude Trichet said countries with higher deficit and/or debt ratios will need to spend at least 1 per cent of their GDP on annual structural adjustment in 2011.
EU forecasts debt ratio in Malta to rise to 67% of GDP in 2009 (Maltamedia.com Daily News)
According to the European Commission services’ spring 2009 economic forecast, the debt ratio in Malta is forecast to rise to 67% of GDP in 2009 and, under a no-policychange scenario, almost 69% of GDP in 2010. The report prepared in the Directorate-General for Economic and Financial Affairs states that incontrast the 2008 update of the [...]
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