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Euro zone debt crisis

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Current Affairs Global – 15 May 2013

May 15, 2013 Manas 0

1. Nawaz Sharif’s Pakistan Muslim League Nawaz (PML-N) has emerged the single largest party after winning 122 seats of total 272 seats in Pakistan’s general […]

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Euro zone manufacturing activity drops further in April as crisis deepens; ECB cut rates to boost growth

May 2, 2013 Manas 0

Euro zone manufacturing activity drops further in April as the Markit compiled Manufacturing Purchasing Managers’ Index (PMI), an important parameter to judge the performance of the sector, […]

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Current Affairs Global – 19 March 2013

March 19, 2013 Manas 0

1. Israeli Parliament, Knesset, has approved the new Government led by Prime Minister Benjamin Netanyahu with a majority of 68 votes in favor and 48 […]

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Current Affairs Global – 16 March 2013

March 16, 2013 Manas 0

1. Euro zone finance ministers and IMF have reached an agreement on the emergency bailout to Cyprus which would help bring down the public debt to GDP ratio of […]

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Euro zone manufacturing activity growth worsens; US sees smart rebound in December

January 4, 2013 admin 0

Euro zone manufacturing activity worsens as factory orders continue to decrease. The Markit compiled Eurozone Manufacturing Purchasing Managers’ Index (PMI) dropped to 46.1 in December compared […]

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New Greece deal cleared; euro zone averts sovereign default for now

November 28, 2012 admin 0

The euro zone finance Ministers and the International Monetary Fund have cleared a new deal with the Greek government in order to reduce Greece’s total […]

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Moody’s lowered France’s credit rating from Top rating “Aaa”

November 20, 2012 admin 0

Global credit rating agency Moody’s has lowered Euro zone’s second biggest economy France’s sovereign credit rating by one notch from its top most credit rating […]

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Euro zone falls into double dip recession after 2009

November 16, 2012 admin 0

The euro zone consisting of 17 nations falls back into double dip recession after recession in 2009 with economic contraction for two consecutive quarters as […]

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ECB and BoE kept interest rate uncharged; Economic activity to remain weak

November 11, 2012 admin 0

The European Central Bank (ECB) has kept the benchmark interest rate unchanged at the record low of 0.75% which has been kept unchanged since last […]

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Eurozone manufacturing activity continues to contract; Euro zone debt crisis worsens

November 5, 2012 admin 0

The euro zone manufacturing activity continues to contract for the consecutive fifteenth month in October due to worsening debt crisis and lower economic activity. The […]

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