Airline stocks decline rapidly

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Source: Marketwatch
© Scanpix/AFP
Airline stocks fell on Monday as European debt crisis spreads. The NYSE Arca Airline Index experienced decline by 3%. The industry benchmark index fell even more than the Standard & Poor's 500 Index. Stocks of Public Airways declined by 4.4%, US Airways decreased by 3%, the Ryanair Holdings fell by 1.7%.
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Mon, 21 Nov 2011 16:58:12 GMT

Hungary plans to renew the cooperation with IMF

Recent figures show that the euro zone's crisis impacted Hungary severally. The country asked the IMF for financial help as the government's debt had increased by 82% of GDP and value of Hungary's currency, the forint, had fell. Hungary has sent an official request for financial assistance. IMF teams returned to Washington from Budapest to discuss further action.

Mon, 21 Nov 2011 15:41:40 GMT

German growth can be hindered by debt crisis

German Bundesbank predicts German growth may slow down next year as European debt crisis destroys exports demand. The central bank reduced its growth forecast for 2012 between 0.5% and 1% compared to prediction of 1.8% reported in June. According to Bundesbank's monthly bulletin, Germany is likely to face serious challenges during next months as several its export partners are exposed to default risk.

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