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Financial Main Event: Greek debt crisis: Ban...
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1. 2016-06-24 Moody's cut UK's credit outlook to 'negative' United Kingdom
C. 2016-05-28 Lufthansa to suspend flights to Venezuela Germany
D. 2016-01-19 Davos: Chief executives ‘more pessimistic’ about growth Davos, Switzerland
E. 2015-09-25 Volkswagen models sale halted in Switzerland Switzerland
F. 2015-08-21 FTSE 100 posts biggest weekly loss this year London
G. 2015-08-02 Greek shares 'set to plunge 20%' Greece
7. 2015-07-08 Banks stay shut as endgame looms Greece
8. 2015-07-06 Debt crisis: Creditors press for new proposals Greece
2015-06-28 Greek debt crisis: Banks to remain shut all week Athens

Recent Summary.     Click for More > Eurozone officially in recession German economy now in recession Rogue trader to cost SocGen $7bn   Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros New fears rekindle global sell-off Warming 'may cause economic chaos'
Debt crisis: Creditors press for new proposals Greek debt crisis: Banks to remain shut all week   The Greek government has confirmed that banks will be closed all week, after a decision by the European Central Bank not to extend emergency... Greek banks will not open Monday Russia's shock-and-awe move fails to halt ruble collapse Vulnerable European banks identified Russia cuts gas supply to Ukraine after deadline passes Eurozone unemployment at new record Eurozone unemployment rate hits 12%  The rate of unemployment in the eurozone hit a record high of 12% in February, official figures have shown Cyprus banks closed until Thursday Nestle finds horsemeat in beef meals Horsemeat scandal spreads Spain crisis costs enter 'danger zone' Spain's Bankia seeks 19bn euros UBS: 'Unauthorized' trades cost us $2 B  Swiss banking giant UBS discovered that 'unauthorized trading by a trader in its investment bank' has cost it an estimated $2 billion Portugal seeks bail-out from EU Greece backs new round of tax rises Greece steeled for 24-hour strike European gas supplies disrupted


year 2015
... more >
Jul.6   Greece
Jun.28   Athens
  Greece


year 2014
... more >
Dec.17   Moscow
Oct.26   European Union
Jun.16   Russia


year 2013
... more >
May.31   European Union
Apr.2   European Union
Mar.25   Cyprus
Feb.18   Italy
Feb.9   United Kingdom


year 2012
... more >
Jun.14   Spain
May.25   Spain


year 2011
... more >
Sep.15   Switzerland
Apr.6   Portugal


year 2010
... more >
Mar.3   Greece
Feb.23   Greece


year 2009
... more >
Jan.6   European Union
  Several countries say their supplies of Russian gas have been cut sharply amid an energy price dispute between Moscow and Ukraine


year 2008
... more >
Nov.14   European Union
Nov.13   Germany
Jan.24   Paris


year 2007
... more >
Mar.14   European Union


year 2006
... more >
Oct.30   London



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Moody's cut UK's credit outlook to 'negative' Lufthansa to suspend flights to Venezuela Davos: Chief executives ‘more pessimistic’ about growth Volkswagen models sale halted in Switzerland FTSE 100 posts biggest weekly loss this year Greek shares 'set to plunge 20%' Banks stay shut as endgame looms   Debt crisis: Creditors press for new proposals  Eurozone finance ministers say they expect to hear new proposals from Greece after the country voted to reject the terms of a bailout   Greek debt crisis: Banks to remain shut all week


year 2016 Top ^

Jun.24   United Kingdom
May.28   Germany
Jan.19   Switzerland


year 2015 Top ^

Sep.25   Switzerland
Aug.21   London
Aug.2   Greece
Jul.8   Greece
Jul.6   Greece
Jun.28   Athens
  The Greek government has confirmed that banks will be closed all week, after a decision by the European Central Bank not to extend emergency funding
  Greece   Greek banks will not open Monday   Greece said it would temporarily close banks on Monday in a bid to prevent its banking system from collapsing Jun.19   Greece Greek debt: Fears grow over Greek banks' health Jun.12   Athens European shares fall amid Greek default fears Feb.8   London HSBC 'helped clients dodge tax'

year 2014 Top ^

Dec.17   Moscow Russia's shock-and-awe move fails to halt ruble collapse   In a dramatic overnight move, the Bank of Russia hiked interest rates -- to 17% from 10.5% -- but the ruble plunged further Dec.2   Moscow Russia warns of recession in 2015
Oct.26   European Union Vulnerable European banks identified   Twenty-four European banks have failed stress tests of their finances, the European Banking Authority has announced Oct.18   Northern Italy Fatal factory fire in Italian town exposes Chinese economy's high toll Jun.29   Switzerland Central banks warned of 'false sense of security' Jun.16   Russia   Russia cuts gas supply to Ukraine after deadline passes   Russia on Monday cut gas supplies to Ukraine as a payment deadline passed and negotiators failed to reach a deal on gas prices and unpaid bills Jun.15   Ukraine Ukraine faces halt to gas supply

year 2013 Top ^

May.31   European Union Eurozone unemployment at new record   The seasonally-adjusted rate for April was 12.2%, up from 12.1% the month before. An extra 95,000 people were out of work in the 17 countrie... Apr.2   European Union Eurozone unemployment rate hits 12%
  The rate of unemployment in the eurozone hit a record high of 12% in February, official figures have shown
Mar.25   Cyprus Cyprus banks closed until Thursday  Temporary measures will be placed on transactions when they reopen despite an EU/IMF bailout deal Feb.18   Italy Nestle finds horsemeat in beef meals  Nestle, the world's biggest food company, has removed beef pasta meals from shelves in Italy and Spain after tests revealed traces of horse ... Feb.9   United Kingdom Horsemeat scandal spreads  A frozen food producer caught up in a scandal over horsemeat found in beef products i said it will sue the Romanian producer

year 2012 Top ^

Jun.14   Spain   Spain crisis costs enter 'danger zone'   Spain's borrowing costs have risen to 7%, another euro-era record, with lenders demanding a higher interest rate May.25   Spain Spain's Bankia seeks 19bn euros   Spain's fourth-largest bank, Bankia, asks for a bailout worth 19bns euros ($24bn), and admits that it made a massive loss last year May.17   Spain Moody's downgrades Spanish banks Apr.27   Spain Spanish unemployment hits record

year 2011 Top ^

Nov.7   Rome Berlusconi teeters as debt costs mount
Nov.1   Greece Greek vote casts shadow on debt deal Oct.13   Spain S&P lowers Spain's credit rating Sep.30   European Union Markets see big quarterly falls Sep.18   Switzerland UBS unauthorized trade loss now $2.3B Sep.15   Switzerland UBS: 'Unauthorized' trades cost us $2 B
  Swiss banking giant UBS discovered that 'unauthorized trading by a trader in its investment bank' has cost it an estimated $2 billion
Jun.30   London British labor strikes could cause chaos Apr.6   Portugal   Portugal seeks bail-out from EU
  Portugal becomes the third eurozone country to request financial aid from the European Union, saying it is at too great a risk.

year 2010 Top ^

Apr.27   Greece Greek bonds rated 'junk' by S& P's
Mar.3   Greece   Greece backs new round of tax rises  The government has approved a new package of tax increases and spending cuts to save 4.8bn euros and ease its budget crisis Feb.23   Greece Greece steeled for 24-hour strike  As many as two million people are to hold a 24-hour strike against the imposition of austerity measures

year 2009 Top ^

Jan.23   London UK in recession as economy slides
Jan.6   Bulgaria Gas stopped for swathe of states   European Union European gas supplies disrupted
  Several countries say their supplies of Russian gas have been cut sharply amid an energy price dispute between Moscow and Ukraine


year 2008 Top ^

Nov.14   European Union   Eurozone officially in recession
  EU figures showed that the economy shrank by 0.2% in the third quarter, following a 0.2% contraction in the area in the previous quarter Nov.13   Germany   German economy now in recession  Government figures showed that Europe's largest economy contracted by 0.5% in the third quarter after a 0.4% contraction in the 2nd quarter Jan.24   Paris Rogue trader to cost SocGen $7bn
  Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros


year 2007 Top ^

Mar.14   European Union New fears rekindle global sell-off   Concerns over a weak housing market in the United States are coupled with worries about growth in the U.S. economy

year 2006 Top ^

Oct.30   London Warming 'may cause economic chaos'
  A top economist: Climate change could devastate the global economy on a scale of the 2 world wars