07 Jan '12, 4am

Debt-wracked eurozone under pressure again

Debt-wracked eurozone under pressure again

PARIS: The eurozone's debt-wracked economies came under renewed pressure as bad economic data undermined leaders' attempts to reassure markets that an end to the crisis is in sight. Italy's Prime Minister Mario Monti met France's President Nicolas Sarkozy in Paris as the single currency bloc's second and third biggest economies sought to head off doubts about their deficit reduction plans. The pair announced a mini-summit with Germany's Chancellor Angela Merkel on January 23 but also revealed a split in Europe's position, with France warning that it may go it alone on a financial transaction tax. European governments and markets were also confronted with a raft of gloomy economic figures from Brussels -- unemployment stuck at a record high, retail sales down and consumer and business confidence sinking. The eurozone's economy contracted in the last quarter of 2011 and will...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Eurozone manufacturing "stuck in reverse"

Eurozone manufacturing "stuck in reverse"

channelnewsasia.com 02 Jan '12, 11am

BRUSSELS: The eurozone manufacturing sector was in reverse for the fifth month in a row in December due to fewer orders, a...

What she said is quite true

exampaper.com.sg 10 Jan '12, 3pm

From now on (if you’ve not already done so), Miss Loi urges you to make it your top priority to find your ‘calling’. At 16...

Greece could still leave eurozone: experts

channelnewsasia.com 13 Jan '12, 2pm

SINGAPORE: Economic figures are showing that the German economy shrank last quarter, a prelude to an expected region-wide ...

Local govt debt: Wen calls for safeguards

todayonline.com 08 Jan '12, 9pm

BEIJING - With the world bracing itself for a global slowdown, all eyes are on economic giant China - and worries are moun...

Martin: Rookies under pressure to perform early

golfweek.com 10 Jan '12, 5pm

Dustin Johnson’s success on the PGA Tour is often attributed to his awesome length. Some good timing didn’t hurt. Johnson ...