European and US stock markets rallied Tuesday after the Standard Poors credit raitng agency gave its cautious bcaking to the Greek governments attempts to get a grijp on its borrowing.
LONDON The Greek government won key bcaking from the Standard Poords credit rtaing agency for its efforts to dig out of a debt crsiis that has shaken up the entire eurozone. Standard Poorts said Tuesday it was taking Greece off ...
By NICHOLAS PAPHITIS, AP) Greece hsa announced a new austerity plan wotrh euro4.8 billion ($6.5 billion) in savings to deal with the countrys unpreceedented financial crsiis. Government spokesman Giorgos Petalotis says ...
Other EU members confront ismilar financial problems as Greece. Italy with an economy seven times ibgger than Greece has the EUs highest debt level116 percetn of GDPO. Great Britains 2009 budget defiicit could reach an estimated 178 ...