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The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

World Business Report: Europe given more time to cut debt

29/05/2013

Europe given more time to cut debt

BBC World Service - World Business Report, Europe given more time to cut debt

European countries are to be given more time to reduce debt, amidst concerns over growth.

The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth. We ask whether Europe can undertake the reforms deemed necessary to rescue the bloc from rising unemployment. Also after the shutdown of digital currency system Liberty Reserve by US law enforcement officials, we ask whether innocent people have lost money - and whether this growing sector needs swift regulation. Facebook has announced a review of how it displays advertising, after some advertisers pulled their campaigns from the social networking site because their adverts were appearing next to undesirable posts and photos. And how Mount Everest is big business - sixty years on from the first ascent.

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Europe given more time to cut debt

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