Shortly after receiving the call, the employee informed her superiors
asia12 hours ago
A number of international institutions, as well as the U.S. and China, want the eurozone to significantly increase its defenses against a debt crisis that has been haunting the currency union for more than two years.
But Jean-Claude Juncker, the prime minister of Luxembourg who also chairs the meetings of eurozone finance ministers, said Friday “we are a slice away” from increasing the bloc’s bailout funds to (euro) 1 trillion.
Finnish Finance Minister Jutta Urpilainen meanwhile said a proposal from the EU’s executive that calls for a lending capacity of (euro) 940 billion ($1.25 billion) “is too high” for her country.
A more likely result of Friday’s meeting in Copenhagen, Denmark, would be an overall firewall worth around (euro) 800 billion — of which some (euro) 300 billion ($398 billion) has already been spent in the bailouts of Greece, Ireland and Portugal.
That proposal, which would leave some (euro) 500 billion ($664 billion) in new funds available for helping debt-ridden governments, has been backed by Germany, the eurozone’s largest economy and the biggest contributor to the bailout funds.
“That seems to be getting into the ballpark of what is required,” said Irish Finance Minister Michael Noonan, although he still favored the European Commission’s proposal for(euro) 940 billion in total.
“That would be a very impressive figure and it would send a very clear signal out to the markets,” he said.
Shortly after receiving the call, the employee informed her superiors
asia12 hours ago
Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
world12 hours ago
The hosts dominate with a total of 194 medals including 65 golds with Saudi in second place and Kuwait in third
sports12 hours ago
Residents with any information have been urged to contact the concerned authority
emergencies13 hours ago
Northeastern University in Boston says the action was taken after some protesters resorted to virulent anti-Semitic slurs
world13 hours ago
The church has been built on 4.37 acres of land, and stands opposite the BAPS Hindu temple
uae13 hours ago
A detailed guide on where to apply, the steps involved, and criteria for eligibility
uae14 hours ago
The Emirates called for strengthening the international humanitarian response and providing urgent relief to those in need
mena14 hours ago