World Bulletin / News Desk
Euro zone member Slovakia sees a 50-50 chance of the currency bloc breaking up, Prime Minister Robert Fico said on Thursday, ahead of a series of meetings of leading officials next month that may prove decisive for the future of the 17-member club.
"I am worried about a euro zone collapse, of course," Fico told a televised news conference.
"It will depend on how we handle the situation in some countries like Greece and Spain. It also depends on how individual euro zone countries react to documents that concern strengthening European integration... I see a euro zone breakup as realistic as holding together, 50 to 50."
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46
Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44
The International Energy Agency also said production by the OPEC cartel and its allies fell in August and compliance with their pact to cut supply to the markets increased.
BIST 100 index rises 0.11 pct while US dollar/Turkish lira rate stands around 3.40
Loan to be used to increase domestic savings, enhance economic participation, ensure sustainable growth, says Treasury
Demand, government incentives, reforms cited as reasons for better-than-expected GDP growth