Iceland economic outlook improves

Note: This section contains information in English only.
Source: Bloomberg

Standard & Poor's increased Iceland's credit rating outlook from negative to stable as country's economy returns to progress after recovering from financial crisis in 2008. According to Standard & Poor's yesterday's statement, Iceland has received вЂ?BBB-/A-3' credit rating. Iceland has put much effort to stimulate recovery, admitted S&P in its statement. 

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Thu, 24 Nov 2011 13:11:07 GMT

Consumer confidence in Italy improves

Consumer confidence in Italy significantly increased in November indicating the end of political turmoil by arrival of new government, according to the official data. The consumer confidence index increased to 96.5 in November from 93.3 in October. The increase exceeded the forecast of 0.9 point decrease. Monthly survey also showed more optimism in the market, Istat stated.

Thu, 24 Nov 2011 13:09:16 GMT

Merkel rejects idea of issuing Eurobonds

German Chancellor Angela Merkel refused the idea of issuing Eurobonds offered by European Commission. Merkel emphasized that the creation of Eurobonds will not pull the region out of debt crisis. German Chancellor also criticized European Commission's inappropriate switching to Eurobonds proposal, as it gives other countries misleading signal that more borrowing could resolve the crisis.

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