ECB's president waits for faster reforms

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
ECB requires prompt implementation of policies worked out by the Eurozone leaders in order to struggle with debt crisis, said Mario Draghi, ECB President. Time is passing by very fast and decisions have to be implemented otherwise it will be too late. Absence of changes in the Europe increases investors risk aversion thus triggering downturn, he added.
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Fri, 18 Nov 2011 14:53:21 GMT

UK banks decrease loans to peripheral euro-zone countries

British banks drastically cut loans to Greece, Italy and Spain as confidence in these countries' ability to resolve financial difficulties remains low. The biggest UK banks decreased loans to peripheral countries by 24% to 10.5 billion pounds over Q3. HSBC the largest banks by number of loans slashed its exposure by 40% as reported by Financial Times.

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

Brazil is investigating oil spill in 120km from the coast of Rio de Janeiro state. The responsibility of the spill lies on the US company Chevron. About 600 barrels of oil shaped a slick on the water. Fortunately the spill moves away from Brazilian coast as more than 17 ships clearing up the spill. In case Chevron does not fulfill its obligations to clean

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