Euro Zone backed Greek bailout package

Note: This section contains information in English only.
Source: BBC
The Euro Zone has backed up the second Greece's bailout worth 130 billion Euros but the member states still await the decision of the IMF due 15 March regarding 28 billion Euros contribution. The 17 financial ministers from the strongest states of the Euro Zone have met in Brussels with the aim to approve the bailout. The bailout agreement followed recent Greek debt swap deal. After bond swap Greece's debt to GDP ratio is expected to decline to 117%.



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Tue, 13 Mar 2012 11:37:43 GMT

French inflation fell in February

French inflation rate unexpectedly declined for a second consecutive month in February on slowing economic growth which offset the climbing oil prices. Consumer prices advanced annual 2.5% in February compared to a 2.6% gain in January. Economists questioned by Bloomberg predicted the inflation level to stay steady at 2.6%. 

Tue, 13 Mar 2012 10:42:18 GMT

Loonie drops against US Dollar after Chinese trade data

Canadian Dollar declined versus its US peer on worries global growth will slow as China posted the record high trade shortfall in February. Oil, the main Canadian export good tumbled 1.9% on China news. Canada's currency slipped 0.2% against the Greenback to CAD 0.9924. Currently USD/CAD is trading at CAD 0.9900.

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