Today: IRELAND, Portugal, Spain, Italy, Greece, News, Dec 13, 2010

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Dec 13, 2010

IRELAND, Portugal, Spain, Italy, Greece, News, Dec 13, 2010

Can the euro survive austerity?
Fortune
Ireland, Greece, Spain and Portugal desperately need to devalue their currencies to restore competitiveness, he says, but can't because they're wearing what ...
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UK would be 'derailed' by new eurozone crisis, Bank governor Charles Bean warns
Telegraph.co.uk
Mr Bean refused to rule out the prospect of the crisis spreading to Portugal, Italy and Spain, saying: “Support to Greece and Ireland from the IMF and rest ...
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Berlusconi Cites Debt Crisis in Fight to Survive: Euro Credit
Bloomberg
The spending plan, which didn't need the kind of wage cuts and tax increases implemented in Spain, Portugal, Ireland and Greece, aims to bring the deficit ...
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Eurozone accounts are a PIGS ear
The Star
South Yorkshire savers are being urged to pull their money out of banks in the Eurozone trouble spots of Portugal, Italy, Greece and Spain. ...
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Political Stagnation, Slow Economy Hold Italy Back
NPR
While Italy does have a massive national debt, its banks are in good shape and it did not suffer from the same property speculation as Ireland or Spain. ...
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PIIGS take different routes to pension reform
Financial News
... in the PIIGS – Portugal, Ireland, Italy, Greece and Spain – the very countries whose economic travails have threatened the existence of the euro. ...
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Euro only has '1-in-5' chance of surviving
Scotsman
Douglas McWilliams, chief executive of the Centre for Economic and Business Research (CEBR), said that Ireland, Greece, Spain, Portugal and Italy would have ...
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Staying together in the eurozone could turn out worse
Telegraph.co.uk
By the end of next year, Greece will probably be at 150pc and Ireland at 110pc. The likely figures for Portugal, Spain and Italy are 85pc, 70pc and 120pc ...
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Snooty Europhiles should be forced to crawl in penitence
Telegraph.co.uk
There was a boom, and during the boom years the governments of the PIGS (Portugal, Ireland, Greece and Spain), and to some extent Italy, went on a spending ...
See all stories on this topic » Moody's says Spain banking outlook "negative" |     www.bullfax.com
By marketmaker
International rating agency Moody's said it was maintaining its negative outlook on Greece despite a Greek government plan to shore up public finances."Given the lack of certainty surrounding the the Greek government's ability to implement the programme, Moody's negative outlook ... Moody's said in a report that "the potential contagion of sovereign risks to banking systems could spread to other countries such as Portugal, Spain, Italy, as well as Ireland and the UK. ...
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