Tag Archive for First Three Months

Euro firewall insufficient after Spain, says IIF – CNN Money

The recent €100 billion bailout of Spain’s banks will leave Europe’s financial rescue fund without enough money to bail out another big economy, an international banking group warned on Sunday. “[A]fter committing €100 billion for the Spanish saving banks, the Eurogroup’s rescue funds, as currently authorized and structured, will have sufficient funds to help a…

‘Remarkable’ Australian economy steams ahead – Full story

‘Remarkable’ Australian economy steams ahead (via AFP) Australia Wednesday hailed as “remarkable” the 1.3 percent growth in its mining-driven economy in the first three months of 2012, as consumer spending rallied and business investment boomed. The Australian Bureau of Statistics (ABS) said the quarter-on-quarter numbers, compared with an upwardly-revised…