On Tuesday night, January 24th, 2012, President Barak Obama delivered his final ‘State of the Union’ address, before the November’s presidential election. He used the speech as a platform for his re-election bid. At the beginning and in the end of his address to the Congress, President Obama spoke about the US army as an [...]
Archive for January, 2012
The latest EU’s attempts to bring the euro crisis to an end.
Posted by globalopinion on January 29th, 2012
On Monday night, January 23rd, 2012, the Euro zone finance ministers reached an agreement on a contract for a permanent euro bail out fund – the European Stability Mechanism (ESM), which is worth 500 billion euro. The ESM is about to replace the European Financial Stability Facility on July 1st, 2012, one year earlier than [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World 
Tags: European Union, Italy, the euro zone debt crisis 
No Comments »France’s credit rating downgraded.
Posted by globalopinion on January 22nd, 2012
On Friday, January 13th, 2012, Standard&Poor’s, a credit rating agency, downgraded the credit ratings for nine Euro zone countries. France’s rating was downgraded by a notch, from a top AAA to AA+. However, the country still has AAA rating from the other ratings agencies, Moody’s and Fitch. The S&P’s decision is a bitter blow to [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World Tags: European Union, finance, France, Germany, the euro zone debt crisis No Comments »What challenges the Spanish Prime Minister Mariano Rajoy is facing?
Posted by globalopinion on January 22nd, 2012
The Spanish Prime Minister Mariano Rajoy has committed himself to cut the Spain’s budget deficit to 4.4% of GDP in 2012 and further down to 3% of GDP in 2013. However, it seems that the target will not be achieved. Mr Rojoy’s government has already announced over a 15 billion euro emergency programme of [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World Tags: election, finance, Spain, the euro zone debt crisis, unemployment No Comments »
