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Default by Greece 'Almost Certain': Greenspan Bloomberg “The problem you have is that it's extremely unlikely the political system will work” in a way that solves Greece's crisis, Greenspan, 85, said in an interview today with Charlie Rose in New York. “The chances of Greece not defaulting are very small. ... See all stories on this topic » | ||
Treasuries Advance on Concern Greece Will Struggle to Contain Debt Turmoil Bloomberg Government bonds pared gains earlier today as European Union Economic and Monetary Commissioner Olli Rehn said in a Bloomberg Television interview in Brussels that “close contact” with the IMF made him confident of an accord at a weekend crisismeeting ... See all stories on this topic » | ||
Financial Crisis Act II: Greece Vs. The Debt Ceiling Forbes (blog) One all-too-obvious catalyst we identified for the next financial crisis is simmering down a bit today. The streets in Greece are calmer, but the financial situation there is actually more dire. The prime minister is revamping his cabinet in an effort ... See all stories on this topic » | ||
Noonan Says Ireland Fears Adverse Consequences From Greece's Debt Crisis Bloomberg Today, he said there was “no urgency” to the plan and his comments had been given too much weight because of the crisis in Greece. Ireland won't act unilaterally on Anglo Irish and Irish Nationwide, Noonan said. The government, which has injected a ... See all stories on this topic » | ||
How much of a risk does Greece's debt crisis pose to the global economy? Wall Street Journal It illustrates the failed paradigms of democratic socialism, central banking, keynesian economics, and fiat money. Of course, anyone with half a brain could see this coming. If the house of cards doesn't collapse today, it will collapse tommorow. ... See all stories on this topic » | ||
Greek Debt Crisis Adds New Gravity to US Deficit Debate PBS NewsHour Judy Woodruff discusses the economic threats posed by Greece and US debt with two experts. JEFFREY BROWN: The struggle to reach a deal on US deficits and the federal debt ceiling continued as well today. Vice President Biden met again with a bipartisan... See all stories on this topic » | ||
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IFR-CDS: Greece turmoil boils over into corporate sector Reuters It would appear we are now close to that sticking plaster metaphor for Greek debt! The resolution of the Greek debt crisis is still some way off, but the next move rests firmly with the politicians and the IMF. Today we saw intimations from the IMF ... See all stories on this topic » | ||
NBR for June 16, 2011-Full Episode PBS Nightly Business Report SUSIE GHARIB: Meanwhile, in Greece today, more turmoil over how to deal with that country`s severe financial crisis. Street protests calmed down, but the Greek government is still facing tough criticism over new austerity measures, and European ... See all stories on this topic » | ||
TSX impacted by Greece crisis, commodities weak, all eyes on RIM Proactive Investors USA & Canada Info tech saw declines of 0.41% as Blackberry maker Research In Motion (TSE:RIMM) dropped in anticipation of its first quarter earnings after the close of today's trading session. Financials were up 0.34%, with Manulife Financial Corporation (NYSE:MFC) ... See all stories on this topic » | ||
Can the euro monetary union survive mounting crisis? Globe and Mail "While an additional bailout package may stave off near-term disaster, a major debt restructuring seems inevitable at some point and Greece's future in the currency union is looking ever more doubtful." The latest escalation of the crisis appears to ... See all stories on this topic » | ||
Dollar firmer, but Greece continues to worry Herald Sun THE dollar was trading higher at noon, as investors look to Greece for updates on their sovereign debt crisis. At midday (AEST), it was trading at US105.59c, up from US105.35c yesterday. Since 7am, the local dollar traded between US105.56c and ... See all stories on this topic » | ||
Local investors look for bargains amid Greek crisis ABC Online Obviously Greece concerning people that the private sector might have to start taking some of the write-offs there and continued nervousness on the US recovery. SUE LANNIN: So how has the market done so far today? ROB TAUBMAN: Look todayfortunately is ... See all stories on this topic » | ||
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Ringgit Heads for Weekly Decline as Greece Deters Risk Taking Bloomberg Greek Prime Minister George Papandreou is preparing to announce changes to his cabinet today after failing to garner opposition support for austerity measures. “The ringgit has been one of the weaker Asian currencies because of Europe's crisis,” said ... See all stories on this topic » | ||
Nikkei 225 Falls Most in Three Months on Europe Crisis, Rescue Stalemate Bloomberg The ECB and the German government have clashed over how much investors should contribute to alleviating Greece's debt load, which reached 143 percent of gross domestic product in 2010. The yen appreciated to 113.95 against the euro today, ... See all stories on this topic » | ||
Pandora and Greek tragedy: coincidence? MarketWatch Greece's economic crisis has entered a new — and more dangerous — stage as the country erupts in riots in the face of latest austerity measures. With much uncertainty still ahead, odds are now in favor of US equities markets entering a technical ... See all stories on this topic » | ||
Crude Futures Fluctuate Amid Declining U.S. Jobless Claims, Greek Crisis Bloomberg German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet tomorrow in Berlin, with pressure increasing for the leaders to reach an accord on a rescue package for Greece. “Continuing worries about the economy and fallout from the... See all stories on this topic » | ||
US Stocks Advance After Stronger Data, Easing Greek Worries Wall Street Journal By Brendan Conway Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--US stocks advanced Thursday, though a weak reading from the Federal Reserve of Philadelphia's latest manufacturing survey and Greece's ongoing debt crisis tempered investor sentiment. ... See all stories on this topic » | ||
IMF 'Stands Ready' to Maintain Support for Greece If Measures Are Adopted Bloomberg “We stand ready to continue our support for Greece subject to adoption of the economic policy reforms agreed with the Greek authorities,” Caroline Atkinson, the director of IMF external relations, said in an e-mailed statement today. ... See all stories on this topic » | ||
Canadian Dollar Falls Versus Major Peers as Risk Appetite Drops on Greece Bloomberg By Allison Bennett - Thu Jun 16 21:08:12 GMT 2011 The Canadian currency fell against the majority of its 16 most-traded peers, reaching a three-month low versus the US dollar, as speculation Greece's debt crisis is worsening damped the appeal of ... See all stories on this topic » | ||
Wall Street To Open Lower On Greece'S Debt Crisis; Hot Stocks: ETE, SUG, KR ... istockAnalyst.com (press release) US stock futures pointed to a lower open following today's global economic news about losses in the Asian and the European markets amid continuing concerns over Greece'sdebt situation. However, better-than-expected economic data could bring some cheer ... See all stories on this topic » | ||
Greece Mightn't Be the Worst of the Markets' Problems Barron's They have been sitting on these reserves -- instead of lending them -- as a precaution of another crisis. After the crisis of 2008, monetary authorities also now are prepared to deal with a liquidity crisis of massive proportions. ... See all stories on this topic » | ||
Korean Won Falls to Three-Week Low, Bonds Gain on Greece Concern San Francisco Chronicle ... three-week low and government bonds gained as the European Union struggled to contain the debt crisis in Greece, damping demand for riskier assets. Greek Prime Minister George Papandreou will reshuffle his Cabinet and seek a confidence vote today,... See all stories on this topic » | ||
Policymakers can't kick the can down the road for ever Financial Times By Chris Giles in London A European Union compromise with the International Monetary Fund that will see the fund disburse the latest €3.3bn tranche of loans to Greece to avert the country's imminent “disorderly default” has postponed the day of ... See all stories on this topic » | ||
Asian Equities Headed for Lowest Since March on Threat of Greece Contagion Bloomberg Futures on the Standard & Poor's 500 Index were little changed today. In New York, the index slumped 1.7 percent yesterday on concern Europe's debt crisis is worsening while the US economic recovery slows. “It's another riot point in markets with the ... See all stories on this topic » | ||
Asia Stocks Rise on U.S. Job Data Bloomberg Alan Greenspan, former Federal Reserve chairman, yesterday said a default by Greeceis “almost certain.” “The problem you have is that it's extremely unlikely the political system will work” in a way that solves Greece's crisis, Greenspan, 85, ... See all stories on this topic » | ||
IFR-Europe FIG wrap: Irish bail-in talk, Greece spooks market Reuters We know where the prices are and while things are clearly bad, it doesn't feel as panicky as in the past, although this could be because as fund managers were are one step removed from [the Greek] crisis, unlike the financial crisis. ... See all stories on this topic » | ||
Chance of Greek Bailout Default Worries Global Markets PBS NewsHour And, so, in the City, there are dark mutterings that just as the collapse of the investment bank Lehman Brothers was in 2008, Greece could now be a catalyst for chaos. NEIL MCKINNON, city analyst: What the Lehman situation really made clear was that ... See all stories on this topic » | ||
Emerging-Market Stocks Slump to Three-Month Low on Interest Rates, Greece Bloomberg By Chan Tien Hin and Michael Patterson - Thu Jun 16 22:02:37 GMT 2011 Emerging-market stocks fell to a three-month low as concern deepened that Europe's debt crisisand rising interest rates in developing nations will curb global economic growth. ... See all stories on this topic » | ||
Greece Credit-Default Swaps Surge to Record 2189 Basis Points, CMA Says Bloomberg Greek Prime Minister George Papandreou was set to shuffle his Cabinet and seek to win a confidence vote today as protests over budget cuts fueled speculation the measures will be put in jeopardy. “A failure to reach a political agreement in Greece ... See all stories on this topic » | ||
Chile Peso Falls as Greece Erodes Risk Appetite, Copper Slides Bloomberg “The peso fell today because of the situation in Greece and lower copper prices,” said Flavio Magnasco, an economist at Banco Falabella in Santiago. European stocks and the euro fell after Greek Prime Minister George Papandreou changed his cabinet and ... See all stories on this topic » | ||
Greece: Tax collectors hit the pavements, seeking work BBC News All around them, the political crisis has been unfolding today, equally chaotic as Wednesday's riot. Prime Minister George Papandreou, having offered to form a coalition government of national unity with the right wing opposition, and failed, ... See all stories on this topic » | ||
Help Wanted: Ron Paul Talks Job Creation Fox News Congressman, more reminders today the pickle we're in, the Dow swooning, and largely on concerns what's going on in Greece is going to happen here, inflation's going to happen here, lower business confidence here. REP. RON PAUL, PRESIDENTIAL CANDIDATE, ... See all stories on this topic » | ||
Indian stocks to open sideways: Friday Market Preview Moneylife Personal Finance site and magazine Wall Street settled mixed overnight on mixed economic data while issues related to the European debt crisis kept investors guarded. Markets across Asia were mostly lower in early trade as the Greece crisis weighed on the sentiments. ... See all stories on this topic » | ||
Dexia Shares Slide as European Banks Drop on Greece Concern Bloomberg Dexia led declines today among European banking stocks. Moody's Investors Service yesterday placed France's biggest banks on review for a possible rating downgrade and said “exposures to Greece” are to be included within the “ongoing” review opened by ... See all stories on this topic » | ||
Levee test...Stocks fall on Greece jitters...Meeting on Weiner 9&10 News Thirty-eight people have now died in Germany and one in Sweden in the outbreak, which was traced last week to sprouts from a farm in northern Germany. WASHINGTON (AP) — House Democratic leaders meet today to talk about how to handle the Anthony Weiner ... See all stories on this topic » | ||
Are You Ready For 3rd World America? istockAnalyst.com (press release) I'm talking about a sovereign debt Crisis. The kind of collapse we're now seeing inGreece… only for the single largest economy in the world as well as its reserve currency. So what happens when this Crisis hits and a partial if not complete ... See all stories on this topic » | ||
Copper Falls as Greek Debt Crisis May Slow Demand: LME Preview BusinessWeek Asian stocks tumbled, with the region's key benchmark index on course for its longest string of weekly losses in seven years, as rioting against planned austerity measures threatened Greece's government and the global economic recovery. ... See all stories on this topic » | ||
Hey, Feds, Give Disaster A Chance To Avoid True Financial Apocalypse Forbes (blog) Greece has just been downgraded; default (as predicted here at The Daily Reckoning)now appears unavoidable. But here's the good news: default also could be catastrophic. Who's the Greeks' major creditor? The European Central Bank. ... See all stories on this topic » | ||
TheFXSpot: Greek Uncertainty, Weak Philly Fed Weigh On Risk IMarketnews.com The latest trip comes a few months after Wen visited France, Portugal and Spain and offered to help with the debt crisis, the report said. Amidst rising Greek debt uncertainty, there was talk that "the white knight is coming." In late 2010, China ... See all stories on this topic » | ||
Czech Stocks Decline Most in Week on Europe Debt Crisis Concern Bloomberg “Political uncertainties in Greece, with the government facing a confidence vote early next week, spilt over to emerging markets this morning,” RBC Capital Markets strategists led by Toronto-based Nick Chamie wrote in a report to clients today. ... See all stories on this topic » | ||
Sell Turkish Lira, Bonds, Buy Default Swaps on Greece Fall-Out, RBS Says Bloomberg By Benjamin Harvey - Thu Jun 16 14:43:10 GMT 2011 Investors should sell lira and Turkish debt and buy the country's credit-default swaps on concern Europe's debt crisiswill spread and the country will struggle to contain its current-account deficit, ... See all stories on this topic » | ||
Buy Bearish Developed-Market Options Amid European Debt Crisis, MKM Says Bloomberg Stocks tumbled around the world yesterday and the euro slid the most in more than a month amid rising concern that Greece will default and that Prime Minister George Papandreou will be forced out of office amid escalating protests over budget cuts. ... See all stories on this topic » | ||
Greece Drags European Markets Into the Red Again Morningstar European markets echoed their Asian peers as they dropped deep into negative territory in opening deals Thursday over escalating fears that Greece's debt crisis could be worsening after talks about a new aid package failed to make any progress. ... See all stories on this topic » |
Greek debt crisis: live - Telegraph Latest. 21.15 That's it from Thursday's live blog. ... Here's an update on what's been happening so far today: ... Greece's crisis has been described as ' Lehman Brothers, except a country version' by Tanrich Securities' ... Now is the time when we can not delay. We must say now yes to major changes — here and now. ... www.telegraph.co.uk/finance/economics/.../Greek-crisis-live.ht... |
The euro affected by the deepening crisis in Greece - Stock Market ... The euro affected by the deepening crisis in Greece The euro fell again Thursday , ...stock-market-today.cc. This idea was ruled out for now, especially as it ran into opposition from the ... Latest Articles; Most Discussed Articles ... www.stock-market-today.cc/.../The-euro-affected-by-the-deep... |
The World Today - Europe faces 'Lehman moment' over Greek debt 16 ... Economics correspondent Stephen Long says Europe is now facing its own ... over the debt problems in Greece before. Just how serious is this latest crisis? ... www.abc.net.au/worldtoday/content/2011/s3244222.htm |
Political Crisis in Greece Amidst Revolt Against ... - Democracy Now! The new austerity package for Greece includes $9.4 billion in tax hikes, ... For more, Democracy Now! spoke with Sally Kohn, author of a recent USA Today op-ed ... in Madison, the latest protest in the "gentle uprising" against Gov. ... www.democracynow.org/.../political_crisis_in_greece_amidst_... 
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