Merkel rejects idea of issuing Eurobonds

Source: Xinhuanet
© Scanpix/AP

German Chancellor Angela Merkel refused the idea of issuing Eurobonds offered by European Commission. Merkel emphasized that the creation of Eurobonds will not pull the region out of debt crisis. German Chancellor also criticized European Commission's inappropriate switching to Eurobonds proposal, as it gives other countries misleading signal that more borrowing could resolve the crisis.

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Thu, 24 Nov 2011 13:10:12 GMT

Iceland economic outlook improves

Standard & Poor's increased Iceland's credit rating outlook from negative to stable as country's economy returns to progress after recovering from financial crisis in 2008. According to Standard & Poor's yesterday's statement, Iceland has received вЂ?BBB-/A-3' credit rating. Iceland has put much effort to stimulate recovery, admitted S&P in its statement. 

Thu, 24 Nov 2011 13:08:14 GMT

Crude oil futures rose

Crude oil futures have started to rise after a two–day decline. On the New York Mercantile Exchange crude futures for January delivery were traded at USD 96.75 a barrel at early European trade, being 0.6% higher. Experts claim that lower Dollar and strong oil demand in the US stimulate growth of the oil prices.

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