Sunday, April 29, 2012

Debt crisis: as it happened, April 26, 2012

A majority of politicians in the Netherlands came to an agreement on a new budget proposal for 2013 which adheres to the strict limits of the eurozone treaty, following the collapse of the government this week.
• Dutch politicians agree 2013 budget after govt collapse • Ireland (Xetra: A0Q8L3 - news) to return to bond market this summer, says finmin • UK was right to pledge extra £10bn to IMF (Berlin: MXG1.BE - news) , says TSC chairman • UK double-dip recession to drag on into summer • Brussels to relax 3pc fiscal targets as revolt spreads
= Latest =
21.10 That's it from us for tonight, we'll be back in the morning with more live coverage of the debt crisis.
21.05 US markets have closed the day higher:
The Dow Jones rose 0.9pc to 13,204.62 points, while the S&P 500 (SNP: ^GSPC - news) closed up 0.7pc at 1,399.98.
20.50 Proving that time is a great healer, the Federal Reserve Bank of New York (Frankfurt: A0DKRK - news) has successfully sold on some of the toxic mortgage securities it assumed from AIG when the insurance giant had to be bailed out by US taxpayers at the height of the financial crisis back in 2008.

Read more: http://uk.finance.yahoo.com/news/debt-crisis-happened-april-26-072401602.html

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