Tag Archive for Billions

UK govt unveils stimulus to parry eurozone threat – Full story

UK govt unveils stimulus to parry eurozone threat (via AFP) Britain has stepped up its action against the eurozone crisis by agreeing to offer billions of pounds in cheap loans to British banks, in co-ordinated action that took markets by surprise. The government and Bank of England (BoE) announced the surprise plan late Thursday in…

Greek unemployment hits record while French jobless rate reaches 10pc – Telegraph

By Louisa Peacock Eurozone unemployment marched higher on Thursday as Greek joblessness reached a new record and France’s jobless rate hit the psychologically damaging 10pc mark. Greece has been struggling through a financial crisis for the past two years, and has been relying on billions of euros in international rescue loans from other eurozone countries…