VOV.VN - The COVID-19 epidemic has spread worldwide and affected every corner of the global economy. It is causing lost revenues, breaking supply chains, and slashing billions of dollars from the global GDP.
The State Bank of Vietnam (SBV) said the official interest rates will be adjusted down as from September 16.
The European Union should give Britain a quick and fair exit deal to minimize the economic cost and not hinder the process for the sake of setting a political example, Bundesbank President Jens Weidmann said on July 1.
The Greek parliament approved a 2016 budget featuring sharp cuts in spending and some tax increases to satisfy the country's international lenders at a time of growing austerity fatigue.
Prime Minister Alexis Tsipras said on August 5 that Greece was close to concluding a deal with lenders on a multi-billion-euro bailout, which he said would end doubts over its place in the euro zone.
Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin.
Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on July 3.
Greece moved to check the growing strains on its crippled financial system on June 28, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight.
Eurozone finance ministers met in Brussels on February 20 to consider a deal on the second bailout for Greece worth US$130 billion and a major write down of privately held Greek sovereign debt. There turns out to be no easy remedy for this public debt, which has become a dire threat.