2011 – The year as it was

InvestmentEurope looks back at some of the key events of the past year.

January 2011

1 – Estonia officially adopts the Euro as its currency and becomes the seventeenth Eurozone member.

12 – German economic growth in 2010 reported as 3.6%, fuelled by 14.2% export growth.

14 – Fitch follows S&P and Moody’s in cutting  Greece debt to junk status. The Tunisian government falls after a month of protests. President Zine El Abidine Ben Ali flees to Saudi Arabia.

20 – German IFO business climate index hits 20-year high on back of booming exports and a weak euro.

24 – Spain announces new capital requirements for banks. Economy minister Elena Salgado says the capital shortfall won’t be more than €20bn. The parliament approves pension reforms to gradually raise the retirement age to 67 from 65.

ABOUT THE AUTHOR
Patrick Blum
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