Tag Archive for Prime Minister

Divided Greece risks social explosion | Reuters

(Reuters) – Pro-bailout party New Democracy may have come first in Sunday’s Greek election but the radical left anti-austerity SYRIZA bloc was celebrating like the real winner well into the warm Athens night. The election exposed a struggling nation deeply divided over whether to implement a harsh austerity package, the price for receiving a total…

Monti: Italian economic system ‘not fragile’ – Full story

Monti: Italian economic system ‘not fragile’ (via AFP) Italy’s economic system is “not fragile” although it has some weak points, notably a high level of debt, Prime Minister Mario Monti said on Wednesday, as Rome comes under pressure on the markets. Speaking after receiving a prize from a business school here, Monti told reporters: “The…

Debt crisis: Bailed-out Spain pleads for aid from European Central Bank – Telegraph

By Emma Rowley Spain’s prime minister said he is “battling” to get the eurozone’s central bankers to bring down the country’s record borrowing costs, amid predictions the state will need a second bail-out to save itself. Mariano Rajoy urged the European Central Bank (ECB) to resume its massive purchases of struggling euro nations’ debt in…

Osborne urges recapitalisation of Spain’s banks – Full story

Osborne urges recapitalisation of Spain’s banks (via AFP) Chancellor of the Exchequer George Osborne called Thursday for a rapid recapitalisation of Spain’s troubled banking sector using the eurozone’s rescue fund. Osborne spoke ahead of Prime Minister David Cameron’s trip to Berlin, where the premier will meet German Chancellor Angela Merkel for key talks…