New Democracy's Samaras becomes Greek PM

Note: This section contains information in English only.
Source: Bloomberg
The leader of Greek New Democracy Party was approved as PM after greek politicians managed to form a coalition. New Democracy will merge forces with socialist Pasok party and Democratic left party gaining in total 179 of 300 seats in parliament. European leaders have kept possibility to relieve fiscal austerity after Greek election showed nation's willingness to stay in the Eurozone.
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Thu, 21 Jun 2012 08:31:03 GMT

European shares end higher on Bank of England monetary accommodation

European markets pared losses on Wednesday evening after the Bank of England's Monetary Policy Committee said it plans to enlarge the USD 511 billion asset buying program. Stoxx Europe 600 added 0.4%, FTSE 100 gained 0.6% and German DAX edged 0.4% higher. French CAC 40 index ascended 0.3%. In contrast Spanish IBEX 35 dropped 1.2%. 

Thu, 21 Jun 2012 08:20:06 GMT

Federal Reserve enlarges Operation Twist program by USD 267 billion

The Federal Reserve announced on Wednesday it will extend its Operation Twist program to prolong maturities of its assets and pledged intervention in labour market if situation worsens. The central bank will extend the program by the end of 2012 through selling shorter-term assets worth USD 267 billion and purchasing same size longer-term securities in order to cut borrowing costs.

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