Sweden to keep ignoring euro

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Source: Bloomberg
© Scanpix/AFP

Sweden is not expected to become a Eurozone member even in long term period after Swedish support for joining Euro dropped to all time low in November. According to Skop poll, less than 10% of Swedes support switching from krona to euro. Anders Borg, Sweden's FM said it will take a lot of time and much effort in terms of austerity measures before Sweden will support joining euro.

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Wed, 07 Dec 2011 12:34:35 GMT

European stocks open higher amid hopes on bailout expansion

European shares traded up on Wednesday morning trading session as European leaders reported they have agreed on significant bailout fund expansion. Stoxx Europe 600 index gained 1% reaching 244.18, German DAX 30 index rose 1.5% to 6,121.75 while French CAC 40 index added 1.8% attaining 3,235.31. FTSE 100 Index edged up about 1%, reaching 5,624.88.

Wed, 07 Dec 2011 12:29:16 GMT

Poland to leave interest rates unchanged

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