European shares rebounded and safe-haven German government bonds fell early on Monday after Cyprus clinched a last-ditch deal with lenders to bail out the debt-ridden island and avert a collapse of its banking system. In the early hours of Monday morning Cypriot policy-makers agreed a deal with the European Union, […]
Tag: European Union
EU: Banking, Sovereign Debt crises lingers-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The International Monetary Fund (IMF) Thursday said the European Union (EU) Banking and Sovereign debt crises is still lingering. A Statement from the IMF has said. This is coming on the heels of a Financial Sector Assessment Program (FSAP) conducted on the EU […]
Greece, markets satisfied by EU-IMF Greek debt deal
The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece’s debt, paving the way for the release of urgently needed aid loans. The deal, clinched at the third attempt after weeks of wrangling, removes […]
