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DUBLIN (Reuters) – Moody's Investors Service slashed Ireland's credit
rating by five notches to Baa1 with a negative outlook from Aa2 on
Friday and warned further downgrades could follow if Ireland was unable
to stabilize its debt situation.
Ireland's debt levels have quadrupled since late 2007 on the back
of a banking sector meltdown, and it needs solid economic growth to
ensure it can meet repayments and fiscal targets set down in the 85 billion euros EU/IMF bailout agreed last month.
Category: News |
Views: 846 |
Added by: Kolizey |
Date: 17.12.2010
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BRUSSELS (Reuters) – European Union leaders have agreed to create a permanent financial safety
net from 2013 and the European Central Bank moved to increase its
firepower to fight the debt crisis that has rocked the euro zone.
But at Germany's insistence, the 27 leaders said the long-term crisis-resolution
mechanism, to be added to the EU's governing treaty, would only be
activated "if indispensable to safeguard the stability of the euro as a whole."
Category: News |
Views: 1257 |
Added by: Kolizey |
Date: 17.12.2010
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A
violent scuffle between pro-government and opposition lawmakers in the
Ukrainian parliament has left legislators bloodied and bruised.
Lawmakers from President Viktor Yanukovych's Party of Regions
late Thursday stormed the parliament podium after it had been blocked
by legislators from Yulia Tymoshenko's party protesting a corruption
probe against her.
Category: News |
Views: 674 |
Added by: Kolizey |
Date: 17.12.2010
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