EU to test new growth-stimulating programme

Note: This section contains information in English only.
Source: Marketwatch
The EU has agreed on pilot program worth 230 million Euros aimed at boosting economic expansion in the region without increasing the level of debt of the member states. The program, called project bonds, was approved by 27 member states. It provides easier capital access for companies that are engaged in multinational infrastructure projects. This is a significant incentive that is likely to contribute to economic strength of the region, said Olli Rehn, EU commissioner for economic and monetary affairs.


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Wed, 23 May 2012 09:34:14 GMT

Euro hits the lowest level in 20 months

On Wednesday, at around 8:30 GMT, Euro sank to the lowest level against the dollar since the end of August 2010. This continued the losses of European stocks before the European leaders meeting. The pair hit USD 1.2613 level today after decreasing to USD 1.264 from USD 1.269 on two previous trading sessions this week.

Wed, 23 May 2012 08:11:52 GMT

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