Euro Economy & Business

Asia stocks dragged down by selloff in Europe (AP)

BANGKOK – Asian stocks fell Tuesday, dragged down by sharp losses in European markets the day before as fears mounted of a worsening global economy. Oil slid to $84 a barrel amid expectations that continued weakness in developed economies will crimp demand for crude. The dollar was higher against the euro but lower against...
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Equities hammered by euro zone and banking worries (Reuters)

LONDON (Reuters)- European stocks tumbled 4 percent on Monday, with banks plumbing a more than two year low, as fears for the future of the euro zone bubbled up against a background of weak economic growth and threats to the banking sector. The euro fell across the board, with peripheral euro zone debt concerns...
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Equities and euro pummeled by euro zone worries (Reuters)

LONDON (Reuters)- European stocks shed 3 percent on Monday and the euro sank against the dollar as markets weighed a risk-heavy outlook for the euro zone, dominated by peripheral debt concerns and political uncertainty in Germany. Worries about public deficits in Greece and Italy and a regional election rout for Germany’s ruling party cast...
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Ex-Iceland PM’s lawyers ask court to drop charges (AP)

REYKJAVIK, Iceland – A special court heard arguments Monday about whether to dismiss charges against former Prime Minister Geir Haarde, who has been accused of failing to prevent the 2008 financial crisis in Iceland. Haarde appeared before the Landsdomur, a special court which is being convened for the first time in the nation’s history...
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ECB calls for integration as bond yields jump (AP)

PARIS – The eurozone needs a “quantum” leap toward economic integration, the incoming chief of the European Central Bank said Monday, as the bond yields of countries with shaky finances, like Greece and Italy, jumped amid increased investor tensions. Mario Draghi warned that measures like the bank’s buying of bonds to stabilize markets were...
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World stocks, euro slide on recession worries (Reuters)

LONDON (Reuters) – World stocks fell to a one-week low on Monday and the euro hit a three-week trough against the dollar as investors worried the U.S. jobs market may be beyond easy repair and Europe faced a series of risks that would reignite its debt crisis. A week packed with political and legal...
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Analysis: Europe puts its head in sand over growth crisis (Reuters)

LONDON (Reuters) – Japanization is shorthand for slouching toward that country’s noxious mix of low growth and high debt. Euro zone governments will find it tough to keep the ugly new word out of their lexicon. Concern is mounting over a deterioration in Europe’s long-term growth prospects that, unaddressed, will make it even harder...
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