EU Wants Greece to Stay, but Grexit Plans Being Worked Out
By IBTimes UK
EU leaders ask Greece to commit itself to austerity and stay the course on reforms. (May 24)
MORE TOPICS: IMF, GERMANY, EUROPEAN UNION
Spain to inject $11.3 billion funding gap at Bankia
By Reuters
Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis. (May 23)
MORE TOPICS: UNEMPLOYMENT, GOLDMAN SACHS, EUROPEAN UNION, MANAGEMENT, MORTGAGE
Spain to fill 9 billion euro funding gap at Bankia
By Reuters UK
Spain said on Wednesday its rescue of problem lender Bankia <BKIA.MC> would cost at least 9 billion euros (7.2 billion pounds), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis. (May 23)
MORE TOPICS: UNEMPLOYMENT, GOLDMAN SACHS, EUROPEAN UNION, MANAGEMENT, MORTGAGE
David Cameron's 600,000 Job Creation Claim to Parliament 'Not True'
By IBTimes UK
Britain's prime minister told David Cameron parliament that 600,000 jobs had been created in the private sector since his coalition government took office in May 2010. (May 23)
MORE TOPICS: RETAIL SALES, GDP, RETAIL, BANK OF ENGLAND, QUANTITATIVE EASING
Euro crisis pain primes Britain for more stimulus
By Reuters UK
The Bank of England signalled on Wednesday it was likely to pump more money into the struggling British economy if the euro crisis causes more mayhem, and the government flagged new steps to boost growth. (May 23)
MORE TOPICS: UNEMPLOYMENT, IMF, BANK OF ENGLAND, QUANTITATIVE EASING, INVESTMENT
Italian Consumer Confidence Hits 15-Year Low, UK Retail Sales Slump
By IBTimes
European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen. (May 23)
MORE TOPICS: UNEMPLOYMENT, RETAIL SALES, RETAIL, BANK OF ENGLAND, INVESTMENT
Spain's Banks In Focus Ahead Of Bankia Rescue Plan
By Reuters
Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis. (May 23)
MORE TOPICS: GOLDMAN SACHS, EUROPEAN UNION, MORTGAGE, INVESTMENT
Euro crisis keeps BoE primed to pump out more cash
By Reuters UK
LONDON, May 23 - The Bank of England will pump more money into the faltering British economy if the euro crisis causes more mayhem, minutes of the Bank's last meeting showed on Tuesday, as data revealed a sharp pull back in spending by skittish consumers. (May 23)
MORE TOPICS: IMF, BANK OF ENGLAND, QUANTITATIVE EASING, LONDON
Saudis pledge $3.25 billion in aid to Qaeda-hit Yemen
By Reuters UK
Saudi Arabia, concerned that chaos in Yemen is creating an al Qaeda base on its doorstep, pledged $3.25 billion in aid to its neighbour at a donor group meeting two days after more than 90 Yemeni soldiers were killed in a suicide attack. (May 23)
MORE TOPICS: AL-QAEDA, EUROPEAN UNION, RUSSIA, UNITED ARAB EMIRATES, EGYPT
Egypt Goes To Polls For Historic Presidential Election
By IBTimes
Egypt went to polls Wednesday in country's first free election for a president after weeks of intense speculation and debate. The historic presidential election, contested by Islamists and secularists, heralds the setting up of a democratic system. (May 23)
MORE TOPICS: ELECTIONS, EGYPT, MANAGEMENT, INVESTMENT
