IMF says Europe could suffer dangerous bout of deflation
20.07.2012 19:03
YEREVAN, July 20. /ARKA/. Europe could suffer a dangerous bout of deflation if regional officials, including those at the European Central Bank, do not move quickly to support the continent’s banks and the wider economy, the International Monetary Fund warned Wednesday, RBC reports.
The IMF called the euro zone “unsustainable” in its current form. The agency said the 17-nation currency union is a “half-finished” project and could disintegrate as banks and other nervous investors shelter money in their home countries rather than letting it flow across the euro zone.
“Financial markets in parts of the region remain under acute stress, raising questions about the viability of the monetary union itself,” they wrote.
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World Bank provided over $10.4 bln to emerging Europe and Central Asia
12.07.2012 15:44
The World Bank Group provided US $10.47 billion in funding to governments in Emerging Europe and Central Asia (ECA) in fiscal year 2012
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Negative from the U.S. And Europe again crumbled the world markets
19.08.2011 15:21
World stock markets having restored their positions to some extent by mid-week and on Thursday returned to precipitous fall against the backdrop of negative information from the U.S. and the unstable economic situation in Europe.
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Three Armenian companies awarded Ruban d'Honneur prize of European Business Awards
14.10.2010 17:43
Three Armenian companies – VivaCell-MTS, Innova Solutions LLC, VISTAA Plus LLC, have been awarded the Ruban d’Honneur prize of the European Business Awards, sponsored by HSBC.
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ECB council member: No inflation pressure risks in European economy
21.08.2010 13:49
ECB council member: No inflation pressure risks in European economy.
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