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Isidoros Karderinis - 1

Italy in maelstrom of euro

The country’s GDP currently stands at €1.75tn and its growth rates are extremely anaemic, reaching just 0.9%. real per capita gross domestic product (GDP), according to reliable calculations

Isidoros Karderinis

Greece braces for next general strike

As thousands of Greek pensioners demonstrated in central Athens on Thursday against cuts demanded under an international bailout, the public sector union called its second nationwide anti-austerity strike in under a month

Deutsche Welle

IMF changing tack on Greece

Latin Americans and Asians are happy that they do not need the help of the International Monetary Fund (IMF). But, Europe can no longer function without it. What’s behind the IMF’s interest in Greece?

Deutsche Welle

Italian PM says Kuwait to invest 500m euros in Italy

Reuters – Kuwait’s sovereign wealth fund will invest 500m euros ($676m) in Italian companies in coordination with Italy’s own strategic investment fund, Prime Minister Enrico Letta said on Tuesday. The deal follows similar agreements with Qatar’s investment fund last year to invest in Italian companies operating in the fashion, food and tourism sectors and a …

Daily News Egypt

Government begins debt swap negotiations with European countries worth $1b

By Islam Zayed A high-ranking source at the Ministry of Finance (MOF) revealed that the government is working on several projects regarding relief of public debt, reduction of budget’s deficit and reforming the Egyptian economy, all in parallel. The Foreign Relations Department at the Ministry of Planning and International Cooperation (MPIC) continues to negotiate the …

Daily News Egypt

Geithner visit to Germany sparks euro hopes

Brelin (AFP) — The top US finance official began meetings with his German counterpart and the head of the European Central Bank Monday, fuelling hopes Europe is readying decisive action to save the crisis-wracked eurozone. US Treasury Secretary Timothy Geithner met Wolfgang Schaeuble on a holiday island off the north German coast amid pressure on …

Daily News Egypt

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