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Posts Tagged ‘ECB’

Following a week of confusion on global stock markets which was triggered by fears over the eurozone crisis and the US economy’s recovery, Standard and Poor’s announced on Friday that it has downgraded the United States’ AAA rating to AA+ for the first time.(photo, from bbcimg.co.uk) (more…)

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In an attempt to control inflation that is at record levels, and for the first time in a year, the eurozone interest rates have increased.

The European Central Bank (ECB) has been encouraged by the rising food and fuel costs. It put its key rate up from 4% to 4.25%. (more…)

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