Eurozone invests in road to recovery: The News Wrap

THE NEWS WRAP: Eurozone invests in road to recovery

By Oliver Milman
Monday, 25 June 2012

The eurozone’s four largest economies have agreed a new economic growth package that is aimed at turning around the fortunes of the debt-ridden bloc.


Germany, France, Italy and Spain have struck a deal on a $163 billion package that will boost the European Investment Bank’s lending capacity and create “project bonds” that will invest in new major works, such as the building of transport links. 


Labor polling down after Rudd exit


Labor’s popularity is significantly down compared with the same point two years ago – when Kevin Rudd was dumped as prime minister due to bad poll numbers.


The latest Newspoll shows Labor floundering on a 30% primary vote, with the Coalition on 46%, which would translate to a crushing defeat for the current government if an election was held now.


ANZ lags in business popularity


ANZ is the least popular of the ‘big four’ banks among business customers, according to a new survey.


DBM Business Financial Services Monitor has ANZ on a satisfaction score of 6.8 out of 10 among businesses of all sizes, compared to market leaders Westpac and Commonwealth Bank, which both achieved a score of 7.3.




The Dow Jones Industrial Average rose by 67.29 points, or 0.5%, to 12,640.86 on Friday. The Australian dollar was down to US100.26 cents.

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