Oman Daily Observer
COMMODITIES WEEKLY UPDATE - LONDON — Gold was the stand-out performer on commodity markets last week, striking a record high close to $1595 as investors sought its traditional safety amid an escalating euro zone debt crisis. Fears of a debt default in ...
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Oman Daily Observer
Summit raises hopes of Greece deal
Financial Times
By Joshua Chaffin in Brussels Eurozone leaders will hold an emergency summit on July 21 try to agree a second international bailout for Greece and a more comprehensive solution to the sovereigndebt crisis now engulfing other parts of the bloc's ...
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ECB's Bini Smaghi favours EFSF debt buybacks
Reuters
Euro zone policymakers are exploring ways to extend a rescue deal for overborrowed Greece and give it more time to repair its public finances. At the same time, authorities are trying to prevent thedebt crisis from escalating in the bloc's periphery. ...
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Euro Declines Versus Dollar on Italian Yield Surge, Ireland's Rating Cut
Bloomberg
Yields on Italian two-year debt reached a record 4.815 percent on July 12 amid investor concern the region's debt crisis will spread. Italy is the euro region's biggest sovereign debt market, with 1.8 trillion euros ($2.6 trillion) of outstanding debt ...
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U.S., Italy Move to Center Stage
Barron's
By RANDALL W. FORSYTH | MORE ARTICLES BY AUTHOR Debt crisis in euro zone, along with US debate over raising the debt ceiling, are bond markets' big concerns. The focus of global capital markets moved last week from the fiscal plight of governments on ...
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Backing Austerity, Italy Bids to End Deficit by 2014
New York Times
Prime Minister Silvio Berlusconi, who won two confidence votes on the measures, had vowed to push the bill through this week because of worries in the financial markets that Italy would become the next euro nation to suffer a sovereign debt crisis like ...
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| Euro crisis could cause global markets to crash Telegraph.co.uk Markets around the world could crash by more than a third if Europe fails to resolve itsdebt crisis, Deutsche Bank analysts have warned. If Europe fails to resolve its debt crisis markets around the world could crash by more than a third. ... See all stories on this topic » |  Telegraph.co.uk |
| Financial Crimes on Wall Street and the Debt Crisis Center for Research on Globalization The crisis of all six near bankrupt euro nations is upon us and it is permanent. Moody's just downgraded Ireland again, at the worst possible time. Spain, which is in terrible shape, will soon follow. The EU members and their controllers, the banks, ... See all stories on this topic » |  Center for Research on Globalization |
| UK banks exposed to £214bn euro risk after lending to debt-laden countries Daily Mail Jason Karaian, of The Economic Intelligence Unit, said: 'It was not politically palatable for the tests to consider an inevitable Greek default 'After so much dithering to date, there is no elegant solution to the euro area's debt crisis. ... See all stories on this topic » |  Daily Mail |
Asian Currencies Decline on Slowdown Concern
Bloomberg
By Khalid Qayum and Suryani Omar - Sat Jul 16 01:43:39 GMT 2011 Asian currencies declined this week, led by India's rupee and Malaysia's ringgit, on concern Europe's sovereign-debt crisis and a faltering US economic recovery will hurt exports and deter ...
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Stocks Fell for the Week amid Debt and Economic Uncertainty (AA, AAPL, BAC, C...
TradersHuddle.com
In Europe, equity markets fell to a 2-week closing low, after participants sold stocks heavily on escalating worries the Greek debt crisis will spread to other countries within the euro zoneperiphery. All of the S&P 500 key sectors fell, ...
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Foolishly At The Brink!
Forbes (blog)
For 18 months now global stock, bond, and currency markets have been roiled each time the European debt crisis popped up again. And each time, euro-zone finance ministers and politicians took action only when the markets forced them to do so. ...
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| Rome accused of fiddling while Italian economy burns Telegraph.co.uk For were Italy to require a bail out, as Europe's third biggest economy, the consequences would be catastrophic. Addressing the Italian senate shortly before the vote, Mr Tremonti said Europe needed to adopt a united stance against the debt crisis. ... See all stories on this topic » |  Telegraph.co.uk |
| Eight European banks fail stress tests Aljazeera.net Failing entities advised to move to strengthen their financial cushions, as eurozonefights growing debt crisis. Eight of 90 European banks have failed in stress tests used to project how they would fare in another recession. ... See all stories on this topic » |  Aljazeera.net |
Move now to deal with debt crisis
Irish Times
Europe took the plunge. As Europe's debt crisis deepens, with tremors running through the Italian and Iberian peninsulas, unscrambling the egg of currency union is not an option. The notes and coins in pockets, from Helsinki to Palermo, Bratislava to ...
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Is Investing in Europe Suicidal?
ETFguide
Despite the fever pitch of debt problems, there's no sign of crisis in the actual performance of botheuro stocks and the euro currency itself. European stocks (NYSEArca: VGK) are up by 3.22% since January 1st and during the past year ahead by 18.58%. ...
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Gold Posts Solid Gains on Ireland and Italy Concerns
Benzinga
By seekinGold Gold prices posted a new 2.5-month high and rose above $1570 as safe-haven investment demand rose on the European Union sovereign debt crisis. Moody's downgraded Ireland to junk, surprise surprise, and news came out that Fed officials had ...
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The Hour Before Dawn
Barron's
Republicans and the Obama administration remain locked in a game of chicken over the national debt ceiling, a fight that could push the US over the cliff of default in a matter of weeks. Finally, the sovereign-debt crisis in Europe continues to ...
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Euro is being prescribed the wrong medicine
Financial Times
Sir, The way European Union countries try to deal with the eurozone crisis seems to be marked by futile measures, inadequate to the current and future challenges. The lessons drawn from thecrisis are inadequate as well. The eurozone does not need a ...
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| Greece in the spotlight after evoking selective default AFP Eurozone nations will hold an extraordinary summit on July 21 in Brussels on ways to tackle the debt crisis. The problem, however, has spread: Ireland and Portugal have also had to be bailed out, while Italy and Spain are seen to be at risk given the ... See all stories on this topic » |  AFP |
European socialists want euro stability agency
MSN Philippines News
It came ahead of an extraordinary meeting of eurozone nations on Thursday in Brussels on ways to tackle the debt crisis and provide fresh aid for Greece. Also on the PES list of measures was a European tax on speculation, "to raise new revenue without ...
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Dust Off that Novel: Starving Artists No More
Barron's
The euro-zone debate to resolve Greece's debt crisis went on, with Germany restating its opposition to a bond solution and Greece saying it was critical to deal with the problem soon. Italy became the latest country of concern. ...
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@ Brookings Podcast: The Debt Crisis in the Eurozone
Brookings Institution
The European debt crisis has spread from Greece to Italy, and expert Domenico Lombardi warns the contagion will continue unless structural reforms can be put in place and Greece stabilized. Lombardi argues that the problem is affecting the Euro region ...
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The Daily Reckoning July 15th
HoweStreet.com
“It's very simple, its (America's) empire system, its financial system is in decline, we've seen very little growth for over a decade apart from financial engineering and leveraging, which ultimately caused the debt crisis of 2008,” Murrin said. ...
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Gulf investors worried; Egypt seen pressured
Saudi Gazette
JEDDAH/DUBAI – Gulf firms' quarterly results will take a back seat to developments in Europe as investors worry about whether Italy and Spain will become the next victims of the euro zone debt crisis and the macroeconomic fallout from such an event. ...
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Gold Rush: Hedge Funds' Favorite Gold Stocks
NASDAQ
Stoked by concerns over debt turmoil in Europe and the US, gold futures traded for a record $1594.90 per ounce on Thursday. "Gold is going higher on a witch's brew of debt crisis, further stimulus, a weaker dollar and a loss of confidence in paper ...
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The Whole World's Watching
Barron's
THERE'S ANOTHER BIG REASON to be wary: The euro zone is a mess and becoming ever messier. As the redoubtable Michael Darda of MKM Partners—whose insightful comments have graced these columns more than once—warns forcefully, the euro debt crisis is ...
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Business briefs for July 16
Tbo.com
Italy cleared a 70 billion euro ($99 billion) austerity package Friday to reassure nervous investors that the eurozone's third-largest economy will not succumb to the debt crisis. Italy's future is crucial toEurope's hopes of surviving the debt crisis ...
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Light Week Ahead as Atlantic Debt Crises to Guide Markets
DailyFX
It's clear that the Euro-zone sovereign debt crisis is worsening at a pace faster-than-expected, so an emergency meeting is certainly not a strong sign for the currency bloc's health. After multiple downgrades over the past few weeks from the major ...
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International expansion boosts order book at Balfour Beatty
Proactive Investors UK
Global data and the back-drop for equities as an asset class remains encouraging, but the longer thisdebt crisis goes on, the harder it is likely to be for equities to move higher at least over the summer. If investors are selective and avoid the ...
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| RBI s policy should fit local shoe not global StanChart Moneycontrol.com Basically, the euro zone crisis is likely to continue for sometime. What we have seen in this last week is an interesting development. In the recent months, we are seeing problems between peripheral Europe. The problems of recession is different in... See all stories on this topic » |  Moneycontrol.com |
The Greater Depression Is Upon Us
Daily Reckoning - American Edition
Doug Casey now believes that the unfolding crisis is going to be even worse than he first imagined, and the longer the rest of us at Casey Research study the tea leaves, it is hard to disagree that the Greater Depression is still ahead. The eurozone is ...
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The Irish Times - Saturday, July 16, 2011
Irish Times
No, there were plenty of signs that Moody's was going to make Ireland the third in a trinity of junk-rated countries in the euro zone that also includes Greece and Portugal. Once policymakers started hinting at a “reprofiling” of Greece's debt (aka a ...
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The Week Ahead
IBTimes Hong Kong
The EBA made explicit reference to the damage a deterioration in the sovereign debt crisis (a default) would do. The report stated that it "might raise significant challenges, both on the valuation of banks holdings of sovereign debt and through sharp ...
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Soft options look to be past their sell-by date
Financial Times
Ever since the crisis was ended by politicians and central banks pumping cash into the world economy, it has been, as one successful hedge fund manager put it, “extend and pretend for ever”. Prices are not set by the underlying cash-generation ...
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The Week in Review
theTrumpet.com
What's more, the euro crisis could provide Britain the opportunity to renegotiate its membership of the EU. In an interview with the Spectator published July 7, British Prime Minister David Cameron said the eurozone would have to move “towards much ...
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Innovative and alternative ways of making income
Royal Gazette
Perhaps the most challenging issue on the table today is too much debt; the world's largest economies still have way too many IOU's out to various trading partners. The US, UK, Japan andeuro zone are all at, or are expect to soon be in hock by up to ...
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| Only eight European banks out of 90 fail stress tests, but many are skeptical ... GlobalPost ... debt, an event that could provoke a banking crisis because so much of those bonds are parked on the balance sheets of European financial institutions. As a result, the stress tests have clear implications for the overall health of the euro zone. ... See all stories on this topic » |  GlobalPost |
Update on major developments in nickel market in June
SteelGuru
But fears that politicians would be powerless to stop the debt crisis in Europe from spreading to Italy and Spain took their toll for a time, reinforcing worries about the outlook for the global economy. A Reuters poll in January showed nickel cash ...
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Short GBP/CHF Targeting 1.2899
DailyFX
With some meaningful data on the calendar next week from both countries, there could be additional volatility in the pair, though, as recent trends have shown, the bias is to the downside amid the worsening debt crisis on both sides of the Atlantic. ...
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Brent oil price ends week trading firm at $117 a barrel
Live Oil Prices
Meanwhile, a sharp selloff of Italian and Spanish bonds in recent days fueled fear that the debt crisismight escalate beyond Europe's control. Failure to agree on a smooth path forward for Greece's debts may push the euro currency lower and the US ...
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European shares heading for steep weekly decline
gulfnews.com
Investors kept a close eye on the Eurozone debt crisis. The lower house of Italy's parliament was expected to give final approval to an austerity plan worth €48 billion which the country is hoping will help soothe market fears it is being sucked in. ...
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| Europe Debt Crisis: Greek Prime Minister George Papandreou Says It ... By The Huffington Post News Editors Ahead of a summit of euro zone leaders on July 21 to discuss a second bailout for Greece, Papandreou said his government had taken the necessary decisions, however difficult they were, to deal with the crisis, and it was Europe's turn ... George Papandreou ruled out bankruptcy for his debt-choked country and said it was time for Europe to wake up and take brave decisions, accordin... Related News On Huffington Post: Europe Debt Crisis Sparks Reminders Of Lehman Brothers ... The Huffington Post | Full News Feed |
| Looming Fears Of Debt Crisis In Italy | The Sunday Leader By sanjeewa Looming Fears Of Debt Crisis In Italy. Jittery investors are concerned that Italy may not be able to pay off its debt. Stefan Theil reports on the different scenarios facing the large yet sluggish euro-zoneeconomy. ... perpetually flat- lining Italian economy will make it impossible for the country to pay back its 1.8 trillion euro ($2.5 trillion) public debt, worth a staggering 120 percent of the national GDP, the second worst ratio in Europe after Greece's 152 percent. ... The Sunday Leader |
| Analysis: Euro zone crisis enters dangerous new phase with ... - News News. ATHENS (Reuters) - The euro zone's debt crisis has taken a dangerous ... The cheapest way for Europe to build a firewall to shield Italy would be to ... news.yahoo.com/analysis-euro-zone-crisis-enters-dangerous-p... |
| NewsNow: Eurozone Debt Crisis News | Every Source, Every Five ... Read the latest Eurozone Debt Crisis headlines, all in one place, on NewsNow: the one-stop shop for news. ... Sensex loses 296 points this week on profit- booking, Euro zone debt crisis The Hindu Business Line 10:31. In the last 8 hours ... www.newsnow.co.uk/h/Hot+Topics/Eurozone+Debt+Crisis |
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| Ireland seeks euro bonds as part of crisis solution Reuters Canada DUBLIN (Reuters) - Ireland would like to see the euro zone issue common bonds as part of the solution to the bloc's debt crisis, the Irish deputy prime minister said on Sunday. "It is an option I favor. It is one of a series of options that have to be ... See all stories on this topic » | ||
| Trichet, Banks Jostle Ahead of Greece Summit Wall Street Journal Irish Deputy Prime Minister Eamon Gilmore said Sunday that he favors the issuance of bonds through a common euro-zone debt agency as a permanent solution to the currency area's debt crisis. Bundesbank President Jens Weidmann ruled out that option, ... See all stories on this topic » | ||
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| Clinton backs Greek strategy on debt crisis Jerusalem Post Clinton's visit to Greece comes as euro zone leaders prepare to meet in Brussels on Thursday to discuss a second bailout package for Greece amid fears that the debt crisis risks spreading to Spain and Italy and could pull apart Europe's single currency ... See all stories on this topic » | ||
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| French Socialists talk tough on deficit, euro Reuters Canada By Leigh Thomas PARIS (Reuters) - France's two top Socialist leaders cast themselves as tough on public finances and the euro-zone debt crisis Sunday, in a challenge to President Nicolas Sarkozy ahead of an election next year. ... See all stories on this topic » | ||
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| Trading Week Outlook: July 18 - July 20 FXstreet.com ... of the US debt ceiling vote and the EU debt crisis woes will continue to rattle the financial markets in the week ahead which will include series of important US housing reports and forward-looking indexes of economic conditions in the Euro-zone. ... See all stories on this topic » | ||
| Tánaiste says tax rate is off EU agenda RTE.ie Eurozone finance ministers agreed earlier this week to lengthen the maturity of debt and lower the interest rate on loans from the European Financial Stability Facility (EFSF), the eurozone's rescue fund, in an attempt to bring the bloc's debt crisis ... See all stories on this topic » | ||
| Forex - UFXBank - Week in Review -17-July-2011 International Business Times Despite some stable data from the services sector, growth is still quite soft in Britain. The rampantdebt crisis in Europe continues to weigh on the pair as well. Overall, the GBP/USD pair had a mixed week, but was up 0.47% and last trading at 1.6131. See all stories on this topic » | ||
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| EU Morning Report- Fears over Greece's future weigh on the single currency International Business Times By Markos Solomou | July 17, 2011 10:01 AM GMT The euro plummeted as fears over Greece'sdebt crisis intensified. Greek Prime Minister offered to step down and proposed a unity government while protests in Athens against austerity measures continue. ... See all stories on this topic » | ||
| Eurozone Dream Crumbling Eurasia Review Drastic spending cuts are on the way in Italy as parliament desperately tries to fend off a spiralingdebt crisis. It seems the fairytale dream of a unified euro has met with harsh reality, and the collision may not be pretty. As the clouds gather over ... See all stories on this topic » | ||
| Global consumer confidence at lowest since late 2009 -Nielsen Reuters Africa Confidence was lowest in euro zone countries engulfed by a deepening debt crisis with Greece coming bottom of the global ranking . Portugal, Ireland, Spain and Italy were also in the bottom 10 although while confidence fell from the first quarter in ... See all stories on this topic » | ||
| BUSINESS IN BRIEF TheChronicleHerald.ca The sovereign debt crisis in the euro zone stepped up a gear. Concerns about Italy led to a rapid rise in the country's government bond yields and a fall in its stock market. Yields on government bonds jumped by nearly a percentage point over two days. ... See all stories on this topic » | ||
| Gold futures - Weekly review: July 11 - 15 Forex Pros Forexpros – Last week saw gold prices surge to fresh record highs on three consecutive days as mounting fears over a potential US sovereign debt default and ongoing concerns over the euro zone's debt crisis boosted the safe haven appeal of the precious ... See all stories on this topic » | ||
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| Peso movement to depend on EU, US developments BusinessWorld Online Europe continues to grapple with a sovereign debt crisis. Officials will meet in Brussels on Thursday to come up with measures to stabilize Greece, which needed a second bailout, and the whole euro zone. In the US, Pres. Barack Obama appealed for a ... See all stories on this topic » | ||
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| No 'immaculate solution' to European sovereign-debt crisis, says Mohamed El-Erian Business Intelligence Middle East (press release) European policy makers need to quickly address the worsening sovereign-debt crisis in Greece, Italy and Spain before it becomes a greater threat to the eurozone's integrity, according to Pacific Investment Management Co.'s Mohamed A. El-Erian. ... See all stories on this topic » | ||
| Germany wants major private contribution to Greece Reuters She also joined the ranks of European policymakers who, criticising the role of credit rating agencies in the euro zone debt crisis, say Europe needs its own agency in the medium term. "Rating agencies in a sensitive moment...certainly aggravate. ... See all stories on this topic » | ||
| Dollar down over Moody''s US rating review... Kuwait News Agency In Eurozone, the International Monetary Fund (IMF) called for a "greater sense of urgency" to address the Greek debt crisis and warned Europe that it was taking too long to repair its banking system in the face of growing risks of contagion. ... See all stories on this topic » | ||
| Market to judge crisis moves New Zealand Herald The third biggest economy in the eurozone is being buffeted by the crisis that swirls around Greece, Ireland and Portugal, which are being bailed out by the European Union and the International Monetary Fund, and around Spain. ... See all stories on this topic » | ||
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| IMF urges Europe to bolster lenders gulfnews.com Washington: The International Monetary Fund on Friday called on Europe to strengthen banks that flunked or nearly flunked stress tests amid turmoil over the Euro zone debt crisis. The IMF "strongly advocates that the necessary measures are taken to ... See all stories on this topic » | ||
| A eurobond or an inflation solution Financial Times Given that Solvency II was brought to us by essentially the same political elite that gave us the euro, with its innovative one-size-fits-no-one monetary policy and handy currency straitjacket in event of acrisis, it may be possible to hazard a guess ... See all stories on this topic » | ||
| dollar higher Business Recorder INTERBANK MARKET RATES: At the week-end, the euro zone debt crisis and its impact on bank balance sheets weighed on the euro and is likely to do so again next week. Meanwhile the possibility that the US Congress will fail to raise the government's ... See all stories on this topic » | ||
| EUR/USD Outlook – July 18-22 Benzinga By YohayElam Euro/dollar had another roller coaster week, testing deeper waters. Apart from the ongoing debt crisis, there are quite a few indicators this week. Here is an outlook for these events, and an updated technical analysis for EUR/USD. ... See all stories on this topic » | ||
| Bundesbank chief slams eurobonds MSN Philippines News The 17 eurozone nations are due to hold an extraordinary summit on Thursday in Brussels on ways to provide fresh support for Greece and put an end to the eurzone debt crisis amid fears it could spread to Spain and Italy. See all stories on this topic » | ||
| Emerging markets diverge as rate-hike cycle tails off Malaya If the crisis in the euro zone spills over to European Union members Poland, Romania and Hungary, they could find themselves raising rates to stabilise their currency exchange rates. "The push to raise rates could come not from inflationary pressures ... See all stories on this topic » | ||
| Gas prices continue recent climb Augusta Free Press In addition to US economic concerns, lingering worries about the euro zone's debt crisis continued to keep investors cautious. Also this week, the Federal Reserve hinted more stimulus might be coming if the economy continues to weaken. ... See all stories on this topic » | ||
| Q+A interview with Ross Westgate – CNBC. Scoop.co.nz (press release) We are still working through the excesses of, uh, that we've built up before the financial crisis, and what we have now is the potential... Well, we have a sovereign—a country debt problem that needs to be worked through. Now, the only thing that can ... See all stories on this topic » | ||
| Korea-EU FTA Boosts Bilateral Trade Arirang News ... a 19 percent jump from the same period last year. The nation's inbound shipments also grew by 16 percent to 1.6-5 billion dollars. And experts say the trade pact has served to expand two-way trade, even amid the escalating debt crisis in the euro-zone. See all stories on this topic » | ||
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| FX Weekly Report (17-07-2011): Good week for safe haven assets AME Info By Gaurav Kashyap, Alpari ME DMCC The Euro closed the week -0.46% lower against the US Dollar amidst fears that Italy & Spain were being dragged further into the region's financial crisis and ratings agency Moody's downgraded Irish debt to junk status. ... See all stories on this topic » | ||
| Hamish McRae: What history teaches us about global financial crises: they ... The Independent There is, however, the possibility that countries can default on their debt and keep the euro. That initially seems the likely outcome. The parallel here might be the Latin American debt crisis of the 1980s. American banks had lent heavily to these ... See all stories on this topic » | ||
| [Peter Goldmark] Debt threats plague the United States and Europe The Korea Herald In Europe, the crisis stems from the inability of a handful of countries ― Greece is the most visible ― to meet their debt obligations and provide essential services to their citizens. They need to enter into what is called a “workout”: an orderly ... See all stories on this topic » | ||
| Brendan Keenan: The devil and the deep blue sea Irish Independent The Greek version, however, was uttered by a German government spokesman as the euro crisisthreatened to become a disaster. Clara comes to Berlin. Behind both of them lay the same unspoken thought: "Why is this happening to me? ... See all stories on this topic » |
| Ireland seeks euro bonds as part of crisis solution ... - Network News By Arystydes DUBLIN (Reuters) – Ireland would like to see the euro zone issue common bonds as part of the solution to the bloc's debt crisis, the Irish deputy prime minister said on Sunday. ... Ireland hopes a new plan to tackle the crisis will mean the terms of its own 85 billion euros ($120 billion) EU-IMF bailout package will be loosened, including a cut in the average 5.8 percent interest rate on its European loans and longer loan maturities. Euro zone finance ministers agreed ... Network News |
| Ireland seeks euro bonds as part of crisis solution | AAJ News By Reuters Ireland seeks euro bonds as part of crisis solution. DUBLIN - 17th July 2011 (1 hour ago). By Reuters. Ireland would like to see the euro zone issue common bonds as part of the solution to the bloc's debt crisis, the Irish deputy prime ... Ireland hopes a new plan to tackle the crisis will mean the terms of its own 85 billion euros ($120 billion) EU-IMF bailout package will be loosened, including a cut in the average 5.8 percent interest rate on its European loans and ... AAJ News |
| NewsDaily: Greek debt cut won't solve problem: ECB's Weidmann Euro zone policymakers are exploring ways to extend a rescue deal for overborrowed Greece and give it more time to repair its public finances. At the same time, authorities are trying to prevent thedebt crisis from escalating in the ... ATHENS, July 16, 2011 (Reuters) — Allowing the EFSF bailout mechanism to buy back bonds from the secondary market would help deal with Europe's debt crisis, European Central Bank Executive Board member Lorenzo Bini Smaghi told a Greek ... NewsDaily: Business Headlines |
| Gas prices rise for a second week - WGMD.COM By Mari Lou-WGMD News Economic worries hurt crude oil late-week following week-long volatility due to concerns about the U.S. deficit and Europe's debt. After trading at over $98 a barrel mid-week on positive U.S. jobs and retail sales data, the commodity ... In addition to U.S. economic concerns, lingering worries about the euro zone's debt crisis continued to keep investors cautious. Also this week, the Federal Reserve hinted more stimulus might be coming if the economy continues to weaken. ... WGMD.COM |
| Greek Debt Crisis on a 'Knife Edge', Says IMF | Greece ... By Apostolos Papapostolou The EU and International Monetary Fund bailed out Athens last year with a package worth 110 billioneuros ($A149.7 billion) but the country remains in serious financial difficulty, with credit rating agencies having demoted Greece's bonds ... Eurozone nations will hold an extraordinary summit on July 21 in Brussels to discuss how to tackle the debt crisis and provide fresh aid for Greece. EUnations are forced to move quickly to stop the debt crisis spreading from Greece, ... Greece.GreekReporter.com Latest... |
| RealClearPolitics - Welfare State Yields to Debt Repayment Era By Bill Jamieson, The Scotsman Such was the crisp summation on BBC Radio 4 yesterday on a story all but blotted out by the Murdoch-phone-hacking-BSkyB affair: the deepening financial crisis across the eurozone. Italy, the latest to enter the ring of fire, ... After a long and costly delay, European officials' narrative about thedebt crisis is changing. This is the good news. The bad news is that Europe still lacks the political and technical leadership needed finally to catch up ... more ›› ... RealClearPolitics - Homepage |
| Can the eurozone survive the Greek debt crisis? - I4U News Can the eurozone survive the Greek debt crisis? ... The sun is reflected in th euro currency symbol outside the European Central Bank Tower in Frankfurt in ... www.i4u.com/related_articles/04uu5TO3bLgcl |
| Eurozone debt crisis worsens - Worldnews.com The World News (WN) Network, has created this privacy statement in order to .... 'Eurozone debt crisis worsens'. photo: photo: WN / Rubielyn Bunag. Euro - Currency ... Financial Turbulence Shakes the Eurozone: Facing the Debt Crisis in ... article.wn.com/view/2011/07/.../Eurozone_debt_crisis_worsen... |
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