Ukrainian Prime Minister Arseniy Yatsenyuk sought financial aid from Western donors and promised to adopt measures needed to steady an economy beset by a plunging currency and widening budget deficits.
Mario Draghi defied his own staff at his first meeting as European Central Bank president and voted to cut interest rates. As the crisis rages on nine months later, he is shaping the institution more and more in his own image.
Nov. 20 (Bloomberg) -- Erik Nielsen, global chief economist at Unicredit Bank, talks with Bloomberg's Tom Keene about the European debt crisis and the fiscal cliff's threat to global growth. He speaks on Bloomberg Television's "Bloomberg Surveillance."
Erik Nielsen, chief global economist at UniCredit SpA, says despite a leadership change, China is a "slow moving supertanker" and will not divert from current policy. Nielsen talks with Bloomberg's Mark Mills and Vonnie Quinn on Bloomberg Radio's "Bloomberg - The First Word."
Germany’s government bonds led declines among the euro region’s sovereign securities as a U.S. job report boosted speculation the Federal Reserve will bring forward a reduction in its asset-purchase program.
Germany will confront an increasingly united bloc of euro-area nations demanding more ambitious policies to fight the financial crisis this week, as European leaders prepare for a summit setting the course for their currency’s preservation or ultimate demise.
European officials will move to prevent Spain from triggering a new round of convulsions as policy makers begin preparing for a summit next week aimed at easing the region’s three-year-old debt crisis.