Silva claims ECB can end crisis

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Anibal Cavaco Silva, Portuguese President, suggests European Central Bank must act as a last resort lender and stop the expansion of crisis by unlimited and transparent buying of Italian and other national bonds. According, to Silva the ECB bond acquisitions in secondary market will end both speculation and distrust in Spanish, Irish, Portuguese or Italian bonds.

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Fri, 11 Nov 2011 11:04:30 GMT

Keystone pipeline postponed until 2013

Obama administration on Thursday said it has delayed the verdict on controversial Keystone pipeline as public and Nebraska lawmakers required an alteration in route of pipeline. Review of pipeline project is expected to take place until 2013. While protesters express their satisfaction with Obama's decision, John Boehner, parliament speaker criticized suspension saying that about 20,000 new jobs have been given up favouring political campaign.

Fri, 11 Nov 2011 16:31:03 GMT

Exorbitant cost of Italy’s borrowings impacts global share indexes

Yields on 10-year Italian bonds achieved 7.28%; rate considered as unsustainable. Concerns about Italy's debt crisis grew impacting the global economy. Asian stock market indexes fell-Japan's Nikkei index dropped by 2.9% while Hong Kong's Hang Seng index decreased by 5.3%. European market proved to be more resilient-Germany's DAX index increased by 0.22%, and the French CAC 40 index went up by 0.4%.

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