Italian Prime Minister Silvio Berlusconi suffered a huge humiliation in parliament today in a vote that indicated he no longer had a majority and ratcheted up pressure for him to resign.
Showing posts with label euro zone's economic crisis. Show all posts
Showing posts with label euro zone's economic crisis. Show all posts
Tuesday, November 8, 2011
Monday, June 6, 2011
Economic Crisis 'Successfully Exited'
HELSINKI—The euro zone's economic crisis is over and it is now enjoying a broad-based recovery, Bank of France Governor Christian Noyer said Monday.
"There are increasing signs that the economic recovery is on track," Mr. Noyer told a financial markets conference, pointing to a "brilliant" first quarter and strong business sentiment indicators. He added that he considered that financial conditions are now "favorable" and that there is no sign of credit rationing as demand for funds improves. "All in all, we have strong reasons to believe that we successfully exited the economic crisis."
"There are increasing signs that the economic recovery is on track," Mr. Noyer told a financial markets conference, pointing to a "brilliant" first quarter and strong business sentiment indicators. He added that he considered that financial conditions are now "favorable" and that there is no sign of credit rationing as demand for funds improves. "All in all, we have strong reasons to believe that we successfully exited the economic crisis."
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