Angela Merkel and Francios Hollande argue on Eurobonds

Source: BBC
EU leaders continue summit talks with Germany and France arguing on introduction of the Eurobonds. Eurobonds represent debt issued on behalf of all members of the Euro Zone and are aimed at boosting growth. Germany's Chancellor, Angela Merkel, claims that Eurobonds violate the EU treaties and will not accelerate growth essentially. At the same time, French President, Francios Hollande, says that Eurobonds are still an option and the focus of the EU leaders has to be shifted from austerity measures to growth-boosting strategies.
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Thu, 24 May 2012 08:17:47 GMT

New Zealand's trade surplus grew in April

The trade surplus of New Zealand widened in April on a monthly basis, but was below forecasts. The country's trade surplus approached 355 million New Zealand Dollars in April as compared to 186 million New Zealand Dollars in March. However, analysts expected the trade balance to indicate a surplus of 475 million New Zealand Dollars. Considering yearly moves, the trade

Thu, 24 May 2012 07:32:47 GMT

Gold futures rose despite strong US Dollar

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