Moody's rating agency has downgraded the eurozone rescue fund, the ESM, in the same week that Greece has gotten more bailout money and France's rating was cut. More trouble ahead for the eurozone?
The eurozone's finance ministers are at loggerheads in Milan over the right fiscal policy. The main bone of contention: Is it a good idea to raise spending to boost the economy or will high deficits scare investors?
Credit ratings agency Moody's has upgraded Portugal's debt evaluation by one notch. The agency cited a more stable financial outlook, with Lisbon now enjoying renewed access to borrowing on the public debt market.
An Italian top diplomat, a former French finance minister in charge of economic affairs, a German moving across from the energy portfolio to digital economy: the European Commission has named its new commissioners.
Hopes for economic recovery in the eurozone were dashed as France's economy stalled and Germany's shrunk in the second quarter. Analysts believe a rebound is unlikely amid Russian sanctions.
© 2014 Deutsche Welle | Legal notice | Contact