Page-3 of Economy of the European Union Current Affairs, GK & News
Background: The Euro’s introduction in 1999 came along with unified interest rates in the nations that share the currency. These unified interest rates allowed members to borrow heavily. The result was that the bonds that were issued by the nations of south Europe were taken at par with the bonds that were issued by strong ..
Topics: Debt crisis • Decades • Economy • Economy of the European Union • Euro • Eurozone • Eurozone crisis • Financial crises • Government debt • International Monetary Fund • Money • Sovereign default
Recently, RBI said that it expects economic growth to moderate to 8% or below in 2011-12 due to global uncertainty and rising interest rates. The central bank also expects inflation to be high for most of the year. Economic growth will moderate to 8% or below in 2011-12 because of global uncertainty and rising interest ..