A look at economic developments around the globe


A look at economic developments and activity in major stock markets around the world Monday:
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MADRID -- Euphoria over a lifeline of up to (EURO)100 billion ($125 billion) to rescue Spain's troubled banks morphed into a financial markets rout in a matter of hours, as investors digested the still-undefined plan and became concerned the country may be unable to repay the new loans.
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MILAN -- Official statistics confirm that Italy's economy contracted by a quarterly rate of 0.8 percent in the first three months of the year, the worst contraction in three years.
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LONDON -- A... read more

 
11 June 2012 in Business, Views: 5
Source: Boston Globe
 


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