Spain's GDP declines for a second quarter

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Source: Bloomberg
Spanish economy contracted for a second straight month, Bank of Spain reported on Monday. Country's GDP dropped 0.4% in the 1st quarter and slipped 0.5% on annual basis. The official gauge will be delivered by The National Statistics Institute on April 30. Nation's government expects a 1.7% declined in the economy this year.
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Tue, 24 Apr 2012 06:53:26 GMT

German bonds climb on Dutch political turmoil

German bunds advanced sharply on Monday and benchmark 10- year yields dropped as a resistance against austerity measures faltered Dutch government. The borrowing costs for Dutch 10-year notes soared 11 basis points to 2.43%, record high since March 2009, while 10-year yield for German bills fell 7 basis points to 1.64%. The 5-year bund dropped to 0.601%.

Tue, 24 Apr 2012 06:30:28 GMT

Dutch PM offer to resign after loosing backing from Freedom Party

Dutch Premier Mark Rutte offered his minority coalition's resignation after his cabinet lost backing from Freedom Party caused by disagreements over deficit cut plans. The Freedom Party supported PM Rutte for about 18 months. Political uncertainty in the Netherlands cause boost concerns across whole Europe as the Netherlands was one of the nations than strongly favoured European Union fiscal treaty and

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