Greece might get more time to meet set targets

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Source: Reuters
Jereon Dijsselbloem said that the time period for Greece to meet its fiscal targets might be extended if necessary. He added that the process of fiscal consolidation in Greece is satisfactory, however, the exact characteristics of debt relief will be decided after the official assessment of the country's economy. Estimated public debt in Greece is 173% of GDP this year, while it is expected to decrease to the level of 124% by the end of 2020.
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Fri, 24 May 2013 07:19:04 GMT

Australian Dollar declines ahead U.S. durable goods data

The Australian Dollar slipped by 0.6% to 96.92 per U.S. Dollar in the morning of Sydney trading session on Friday. The currency touched a 95.94 level yesterday, which was the weakest since 1st of June. Even analysts say that U.S. durable goods data will be better in April adding positive sentiments about a recovery in the biggest world's economy, but investors

Thu, 23 May 2013 15:22:03 GMT

Japan's official tries to calm markets down

The Minister for Economic Revitalization of Japan said that the plunge in Japanese share prices should not be a concern as the economy is consistently recovering. The comment came today after Nikkei 225 and Topix indexes fell 7.3% and 6.9% respectively. Japan's officials said that a contraction in China's manufacturing measure could be responsible for a sell-off of equities.

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