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| Deutsche Bank CEO's Hedging of Italian Risk Shows Germany Is the Priority Bloomberg Five days after lenders agreed to back the Institute for International Finance's plan to accept losses on their holdings of Greek debt, the Frankfurt-based bank said it reduced its risks linked to Portugal,Italy, Ireland, Greece and Spain by 70 ... See all stories on this topic » | ||
| Portugal Faces Challenges in Meeting Bailout Terms New York Times “There are now a lot of things that no longer depend on Portugal but instead on Spain and Italy and other countries around us,” he said. “In this crisis not even bigger countries than ours can say that they control fully their destiny. ... See all stories on this topic » | ||
| Spanish finance chief insists no need for bailout Boston Globe She said that was 20 percentage points below the EU average and half of Italy's, and shows Spain"is far" from needing a rescue like Greece, Ireland and Portugal have received. Yields on Spanish 10-year bonds are down again for a second Tuesday after ... See all stories on this topic » | ||
| Intervention Fails to Stop the Rot Seeking Alpha A 10-year yield above 7% is generally viewed as representing the first step to government insolvency in the euro area, based on the experience with the GIP (Greece, Ireland, Portugal) trio. Since Italyneeds to refinance more than €500 billion over the ... See all stories on this topic » | ||
| Governor Worries About Double-Dip Recession [Video] Patch.com The governor noted the economic difficulties worldwide, including in Italy, Spain, Portugal, Irelandand Greece. "There's a lot of pressure out in the system," he said. That's why US Treasury bonds have not risen in price, he said. ... See all stories on this topic » | ||
| Key US stocks hammered as Europe fears grow ABC Online The fact that the European Central Bank is now buying the bonds of Italy and Spain, just as it did those of Greece, Portugal and Ireland; the fact that they couldn't come up with a clear united, unified response to this problem I think is another sign ... See all stories on this topic » | ||
| A Shrinking Distinction Business Insider ... believe that Greece is a one-off, or at worst, one part of a “three-off” that includes Portugal andIreland. But Greece is not an anomaly. It is not a one-off; it is a canary…in the coalmine of sovereign indebtedness. Countries like Italy and ... See all stories on this topic » | ||
| Market crisis hits the streets Herald Sun In Europe, the unsustainable debt racked up by Italy, Spain, Ireland, Portugal and Greece, combined with the crisis of confidence in the United States, saw markets continue to slump. The underlying problem is the lack of productivity and growth that ... See all stories on this topic » | ||
| Don't Follow the Lemmings NASDAQ BecauseItaly runs a smaller budget deficit than its troubled peers, any reductions in government spending won't damage the economy to the extent thatGreece,Ireland andPortugal's austerity programs have devastated their domestic economies. ... See all stories on this topic » | ||
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| Spain's Businesses Face Credit Shortage WMUK 102.1 FM The latest phase of the European debt crisis was sparked by a fear that the troubles plaguingGreece, Portugal and Ireland would spread to Spain and Italy. Spain has been struggling for more than two years with an unemployment rate above 20 percent รข€” ... See all stories on this topic » | ||
| The European Central Bank?s Bond Buying Program San Francisco Chronicle The European Central Bank is currently stepping in and helping countries like Italy and Spain avoid bankruptcy by injecting money into the financial systems. The European Central Bank bought the bonds of Greece, Ireland, and Portugal to help the ... See all stories on this topic » | ||
| Taxpayers not getting return on investment BCLocalNews Bart Jessup refers to Greece, Portugal, Ireland, Italy and Spain as socialist countries, but they are not. They are countries that have got themselves in a financial mess because they have offered very generous 'social programs' without collecting the ... See all stories on this topic » | ||
| Can the Eurozone Survive? Seeking Alpha Then the European Union saw a number of its member states have to turn to the IMF for emergency loans -- not just problem economies like Greece and Portugal, but also Ireland, an erstwhile poster child for growth and low state debt. ... See all stories on this topic » | ||
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| Tell Me Something Good Business Insider I'm of the mind that after Greece, Portugal, Ireland, and now Spain/Italy, the debt-ceiling brawl, and now the downgrade from S&P; most individual investors may be far more concerned with the return OF their money than the return on it. ... See all stories on this topic » | ||
| 3 American Banks Exposed to the European Debt Crisis Wall St. Cheat Sheet By Alexander Schachtel Citigroup (NYSE:C), the third largest domestic bank, has recently reported exposure of $31.7 billion to troubled European nations including Greece, Ireland, Portugal, Italy(NYSE:EWI), and Spain (NYSE:EWP). ... See all stories on this topic » | ||
| So tell me again... why do bonds matter? Irish Independent The ECB will have to spend about €320bn of Italian and Spanish government bonds to repeat what they did for Ireland, Greece and Portugal. Q: So what's the solution? I keep hearing about euro bonds. What are they? Euro bonds will be a mechanism to allow ... See all stories on this topic » | ||
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| European Debt vs American IOU's PBS Nightly Business Report Today the European Central Bank bought government IOUs from Italy, Spain, those are Europe's third- and fourth-largest economies, as well as bonds from Greece, Portugal, and Ireland. It's the latest effort to ease market pressures over the ability of ... See all stories on this topic » | ||
| Greek regulator bans short selling until October Southeast European Times ... aside from the already bailed out Greece, Ireland and Portugal, might need rescue aid to avoid default. Just days after the July 21st deal on a fresh 109-billion-euro bailout for Greece, fears grew that Italy and Spain, the third- and the ... See all stories on this topic » | ||
| This Bullion Bull Still Has Miles to Run Resource Investor First, the more restrictive fiscal policies being forced on the periphery nations (Portugal, Ireland,Italy, Greece and Spain) will push their economies deeper into recession and increase, rather than decrease, government deficits and borrowing needs ... See all stories on this topic » | ||
| Are These Bank Stocks Finally Cheap Enough to Buy? Motley Fool But now there are even more worries -- and they expand beyond the typically criticized members of the PIIGS countries: Portugal, Ireland, Italy, Greece, and Spain. France is being highlighted as a possible problem child. The cost of insuring French ... See all stories on this topic » | ||
| Towers Watson Sees Bumpy Path to Global Economic Recovery MarketWatch (press release) A partial "contagion" is evident as solvency risks in Greece, Ireland and Portugal have spread to sovereign and bank funding fears in Spain and Italy. The spreads between Italian and Spanish bonds and German bonds hit new highs, but have since fallen, ... See all stories on this topic » | ||
| Peter Jones: Spain waves goodbye to prosperity Scotsman It remains to be seen whether the move is enough to prevent the need to extend the bail-out loans given to Greece, Ireland, and Portugal to Spain and Italy. But for the moment a breathing space has been bought. That this should have happened to Spain ... See all stories on this topic » | ||
| The death-knell of social democracy Business Spectator I must add that it gives me no pleasure to dance on the grave of the kind of health, pension, education and other programs that have been funded via unsustainable borrowing by the governments of Spain, Italy, Greece, Ireland, Portugal, ... See all stories on this topic » | ||
| Honduras Keeps Debt Low Relative to GDP Honduras Weekly But with the constant threat of bankruptcy looming over countries such as Greece, Ireland, Italy,Portugal, and Spain, and Standard & Poor's downgrade of the US credit rating on Friday, followed by today's 635-point plunge in New York's Dow Jones ... See all stories on this topic » | ||
| Wonkbook: The market's 'Wile E. Coyote moment' — and what to do about it Washington Post (blog) Unlike Greece, Portugal and Ireland — the patients previously forced into the austerity cure —Italy and Spain have already made their own substantial strides toward cutting their deficits. Some economists warn that forcing further cuts could push ... See all stories on this topic » | ||
| Europe opens deep in red Emirates 24/7 Paris' finances would be seriously hurt too if the eurozone increased the size of its emergency fund, the European Financial Stability Facility (EFSF), which is too small to bail out Italy or Spain if they go the way of Greece, Ireland and Portugal. ... See all stories on this topic » | ||
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| The Elusive Abyss Gold Seek Just as I told you Greece would not fail, I again lean towards the view that this current crisis of confidence will get stamped out again to some degree. Spain and Italy have been involved in rescue bond purchases of Greece and Ireland which I find ... See all stories on this topic » | ||
| G7 “ready to take action” FX-MM So they have done just that, downgrading Greece, Portugal, Ireland, Cyprus and… the United States. Hang on guys, that wasn't supposed to happen! After close of play on Friday, Standard & Poor's reduced the US from AAA to AA+. ... See all stories on this topic » | ||
| Goldman reveals 15 days of trading losses Financial Times As of June 2011, credit exposure, net of hedges, to Portugal, Ireland, Italy, Greece and Spainwas about $1.89bn. Goldman shares were trading up 94 cents, or 0.8 per cent, at $118.59 as financial stocks rallied slightly after falling sharply on Monday. ... See all stories on this topic » | ||
| Governor Malloy and Senator Blumenthal Respond to Credit Downgrade (Videos) Patch.com He also noted the economic difficulties in Italy, Spain, Portugal, Ireland and Greece. "There's a lot of pressure out in the system," Malloy said. "That's why US Treasury bonds have not risen in price," he added. But Malloy believes treasuries remain ... See all stories on this topic » | ||
| Gold Prices Hit Record High After S&P Downgrade – Are Poised to Double Money Morning Meanwhile, the European Central Bank (ECB) continues to struggle with the debt crisis in Portugal,Ireland, Italy, Greece and Spain (PIIGS). The ECB yesterday tried to head off deepening problems in Spain and Italy by buying more bonds from those ... See all stories on this topic » | ||
| US Dollar Weakens Amid Global Economic Volatility Voice of America ... shakier economies than the US Some investors are even more worried about governmental debt in European countries - particularly Italy and Spain - fearing they could follow Greece, Ireland andPortugal in needing international financial bailouts. ... See all stories on this topic » | ||
| America past the point of no return The Hill (blog) The Eurozone is on life support. French banks are broke, Italy and Greece are both in desperate need of cash, and austerity measures come attached to each subsequent bailout. Among others,Portugal, Ireland, and Spain are also hurting. ... See all stories on this topic » | ||
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| Market Upheaval: S&P Down 6.7%, Oil Down 7%, Gold Up 4.2% Ticker Magazine ... were also compounded as the European sovereign debt problem forced the European Central Bank to expand its bond buying program to include bonds of Italy and Spain. Currently the central bank is only buying bonds of Greece, Portugal and Ireland. ... See all stories on this topic » | ||
| Stocks Down $7.8 Trillion: What's Your Next Move? Forbes (blog) These troubles have been going on for at least a year — with Greece, Portugal, and Irelandbringing down the financial prospects for the European Union. There have certainly been new twists and turns — including potential problems with Italy and ... See all stories on this topic » | ||
| Is It Time to Buy? Seeking Alpha Otherwise, we can look forward to joining the PIIGS of Europe (Portugal, Italy, Ireland, Greece, and Spain). Last week in review. The best performing cap/style last week — if anything last week could be called “best performing” — was Large-cap Growth ... See all stories on this topic » | ||
| Stock Market News for August 9, 2011 Zacks.com Ireland, Greece and Portugal have faced tough times recently, and it is now being feared that economic turmoil will spread to larger economies like Italy and Spain. The European Central Bank has therefore jumped in to buy Italian and Spanish bonds. ... See all stories on this topic » |
| The debt crisis in 13 questions | Economics Newspaper By B.B Because of the economic situation bleak, the debt obligations of some countries (Greece, Portugal,Ireland, Spain and Italy) met too many undesired, which has reduced their course. However, the interest rate on the loan increases as the ... Economics Newspaper |
| Cyprus to Join PIIGS? « Across the Pond By eubeyer It is not every day that Cyprus makes it into the news, but recently there have been fears that it will join the PIIGS in the European debt crisis. Like many of the PIIGS (Portugal, Ireland, Italy, Greece, and Spain), ... Across the Pond |
| “The people of Greece have been told that the privatization of ... By Max Keiser and Stacy Herbert “The people of Greece have been told that the privatization of their public sector is the only solution. And those of Italy, Spain and Portugal are facing the same threat. They should look to Iceland. Refusing to bow to foreign interests, ... Excellent article … send it to Greece, then Portugal, thenSpain, then Ireland … you get the picture ! ;-). SilverCondom | August 8, 2011 at 11:25 pm |. Do we have people from Iceland here? I want to have an Icelandic passport! ... Max Keiser |
| European Central Bank mounts rescue for Italy and Spain | EUTimes.net By The European Union Times Before mounting the intervention that drove down Italian and Spanish borrowing costs on Monday, the ECB had spent some €75bn buying the debt of Greece, Ireland and Portugal. Under the terms of an agreement struck by eurozone leaders ... The European Union Times - World... |
| Forums - After Greece, Spain, Ireland, Italy next is Poland After Greece, Spain, Ireland, Italy next is Poland. Post A Reply. Page 1 of 2: 1 2 · DT-waw. Registered: Apr 2001. Posts: 1530. 08-09-11 05:03 PM. The rest of Europe has euro denominated debts. In Poland, many people took mortgages 2 ... EliteTrader.com Forums |
| Political Fallout Over Italy And Spain Bailout - Yahoo! UK & Ireland News. Italy, Spain will not need bailout: EU's Rehn .... Nothing is going to saveGreece, Ireland, Portugal, all to be closely followed by ... uk.news.yahoo.com/political-fallout-over-italy-spain-bailout-0... |
| Italy to balance budget a year early Finance Minister Giulio Tremonti also told a hastily convened news ... FRANKFURT , Germany (AP)—Italy's borrowing costs rose above Spain's on Friday for the ... members of the single currency zone, such as Greece, Ireland and Portugal. ... www.breitbart.com/article.php?id=D9OU33E00&show...1 |
