Archive for June, 2009

Economy Shows Cracks in European Union

Tuesday, June 9th, 2009
European leaders, preoccupied with domestic politics, are fighting over how to combat the economic slump, protecting jobs at home at the expense of fellow members.

Interest Rates Held Steady in Europe

Friday, June 5th, 2009
The European Central Bank left its key interest rate on hold at 1 percent and the Bank of England kept its main rate at a record low 0.5 percent and extended its bond buying program.