All posts tagged euro zone

  • EU officials: Cyprus, lenders reach bailout deal
    March 25, 2013, by VOANews

    Cyprus has avoided bankruptcy by agreeing to a bailout deal that includes the closing of the island nation’s second largest bank and enforces heavy losses on wealthy bank depositors. In […]

  • Cyprus secures bailout from euro zone, IMF
    March 16, 2013, by VOANews

    Eurozone finance ministers and the International Monetary Fund have struck a deal to give cash-strapped Cyprus a bailout worth $13 billion to avoid bankruptcy. The deal was agreed upon early […]

  • Despite setbacks, EU leaders upbeat on economic turnaround
    March 16, 2013, by Lisa Bryant of VOANews

    Despite rising protests against austerity, European leaders agreed in Brussels that tough measures to turn around the region’s economy are working.Speaking to reporters in the Belgian capital, EU President Herman […]

  • Europe eases austerity controls in face of high unemployment
    March 15, 2013, by VOANews

    European governments have eased austerity controls over national budgets in an effort to combat the continent’s burgeoning unemployment and stagnant economic growth. European Union leaders, meeting at a summit in […]

  • EU leaders confront new economic concerns
    March 15, 2013, by VOANews

    European leaders are gathered in Brussels for another summit, facing new concerns that their austerity policies are adding to the continent’s unemployment problem and weakening the chances for an economic […]

  • Latvia asks to join euro zone
    March 5, 2013, by The Sofia Globe staff

    Latvia has officially asked the European Commission and the European Central Bank (ECB) for an extraordinary convergence report “in order to assess the readiness of Latvia to the membership in […]

  • European finance ministers meet on eurozone crisis
    June 22, 2012, by Lisa Bryant of VOANews

    European finance ministers are discussing how to tackle Europe’s sovereign debt and banking crisis during a two-day meeting in Luxembourg. The talks begin a series of critical economic meetings. The […]

  • The ‘Sofia’ criteria for the euro zone
    June 19, 2012, by Petar Ganev, IME

    The European Central Bank (ECB) published its Convergence Report (2012), in which it evaluates the progress of the members states that have committed themselves to joining the euro by following […]