European financial system hinging on Greece
The fate of Europe's financial system - and possibly the world's - hinges on Greece and its acceptance of a bailout plan, reports Mark Phillips.
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The fate of Europe's financial system - and possibly the world's - hinges on Greece and its acceptance of a bailout plan, reports Mark Phillips.
Ten European countries are in recession and three have needed bailouts to avoid default. How could this impact the U.S. economy? Steve Kroft reports.
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Standard & Poor's also raised the country's average economic growth prediction for 2014-2016 to 1.6 percent
Disappointing growth is likely to fuel expectations that the European Central Bank will take additional stimulus measures next month
But the European Union expects the recession to last longer than it previously thought
But many economists are predicting that the eurozone recession may end in the first half of the year
Deal is expected to reduce Irish debt by $27 billion and help country's expected exit from its own international bailout
Currency has risen from around the $1.20 mark to trade over $1.35 even though many of EU's countries have sunk into recession
Finance Minister placed lawmakers on standby to pass an emergency bill authorizing the overnight liquidation of a government-owned "bad bank"
Government said that, not counting cost of servicing Greek debt, country posted budget surplus of $588 million
It's illegal but the unemployed say catching the prized delicacy is the only way to make ends meet
Official figures showed the country's economy shrank 0.7 percent in the fourth quarter of 2012 from the previous three-month period
Banks are starting to make repayments on the cheap, three-year emergency loans they received from the European Central Bank
Country is in the throes of its second recession in just over three years; there are 1.8 million households in which no one is employed
Bailed out government said it had received offers for $13 billion of five-year bonds
Opposition demands explanation how a former governing party treasurer amassed 22 million euro in a Swiss bank account
Dutch finance minister Jeroen Dijsselbloem will now face one of the world's most daunting financial tasks
Finance minister poised to take on one of the top jobs in the currency bloc's battle to end its financial crisis
Island nation is seeking financial assistance of about 17 billion euro to recapitalize its ailing banks and keep the government afloat
Earlier this week, the IMF approved a long-delayed $4.3 billion loan installment to Greece following an economic review
Enda Kenny: Government is getting its finances under control; lower borrowing rates are a sign of rising investor confidence
Benchmark interest rate remains unchanged at a record low of 0.75 percent
Unemployment rate hits 26.8 percent; Young Greeks are the worst affected, with 56.6 percent of those aged between 15 and 24 out of work
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