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| Stagnant and paralyzed CNN (blog) Italy and Spain expose the full extent of Europe's vulnerability. Like Greece, Ireland, andPortugal, membership in the euro denies Italy and Spain devaluation and inflation as policy tools. But the declining value of their sovereign debt – and the ... See all stories on this topic » | ||
| UK, France Could Face Downgrade Speculation - UBS Economist Lueck Wall Street Journal "On the side of the periphery in Europe, [yield] spreads will probably rise," Lueck said, referring to how the debt of fiscally troubled countries such as Greece, Ireland, Portugal, Spain and Italywould perform relative to other benchmarks, ... See all stories on this topic » | ||
| Systemic Fragility Haunts Europe EBN The fiscal crisis engulfing several European countries, including Greece, Ireland, Portugal, Spain, and Italy, is threatening to spill over into the rest of the continent, weakening consumer confidence and creating a nightmarish image of a region about ... See all stories on this topic » | ||
| What Scares Morgan Stanley? Just About Everything Forbes (blog) By HALAH TOURYALAI Morgan Stanley says it has $5 billion in gross exposure to strugglingPortugal, Ireland, Italy, Greece and Spain. Reading Morgan Stanley's second quarter SEC filing this morning takes an already depressing Monday morning and makes it ... See all stories on this topic » | ||
| On The Brink Motley Fool UK In fact, the eurozone has been able to bailout Greece, Ireland and Portugal. But in the past few days bond yields for both Italy and Spain have pushed above 6%. They are edging closer and closer to 7%. Once the yield hits 7%, it is widely accepted that ... See all stories on this topic » | ||
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| Britain braced for Credit Crunch Two as widespread euro losses could force ... This is Money But some argue that the pressure on Spain and Italy is misplaced. One banker said: 'The market attacks on Greece, Ireland and Portugal were fair. But ltaly has quite a strong economy andSpain, while it has its problems, is doing something about them. ... See all stories on this topic » | ||
| Italy Pays For Sins of The Past Wall Street Journal (blog) But Italy's primary surplus shows that the government as currently configured can pay its own way, even during a time of weak economic growth. That's much more than can be said for Greece,Portugal, Ireland or even Spain, all of which are expected to ... See all stories on this topic » | ||
| Eurobonds or Bust Project Syndicate We now know that the best credit must stand behind the rest, or else bear runs, such as those that have derailed Greece, Ireland, and Portugal – and that now threaten to do the same to Italy andSpain – are inevitable. Debt mutualization alone will not ... See all stories on this topic » | ||
| European countries ripe for downgrades MarketWatch (blog) Belgium stands to lose its AA+ rating while Spain, Italy, Ireland and Portugal are all facing “significant downgrade risk,” leaving Greece at C ratings as the only country that is close to correctly rated, according to the BBH analysts. ... See all stories on this topic » | ||
| The causes behind the crisis ABC Online SATAJIT DAS: The situation in Europe is very serious, but it's not about Greece, Ireland orPortugal. It's really about Spain and Italy, which, as is commonly said, are too big to save, but they're too big to fail. STEPHEN LONG: Across the Atlantic on ... See all stories on this topic » | ||
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| Pensions: how long can people keep on going? Citywire.co.uk The risk of default by Ireland, Greece and Portugal and latterly Italy and Spain, along with the possible collapse of the euro project has been clear for many months. It is now very real and the knock-on effects will be profound. ... See all stories on this topic » | ||
| World stocks tumble on US debt unease Business Standard Since July 29, European shares, as measured by MSCI, have lost $932 billion, more than the combined economies of Greece, Ireland and Portugal. But safe-haven buying sent gold soaring to a new record above $1700 an ounce. ... See all stories on this topic » | ||
| Selling European Stocks: Why Some Hedge Funds Are Doing Just Fine Business Insider ... funds see it, Greece is old news, and now it's onto the runner ups, including France, Italy, andSpain. "Anecdotal evidence suggests managers have moved away from bets on CDS (credit default swaps) on countries such as Greece, Portugal and Ireland, ... See all stories on this topic » | ||
| Developing: In Wake Of S&P Downgrade, US Stocks Tumble NPR (blog) ... way of Portugal, Greece and Ireland. The ECB's actions essentially make sure Italy and Spainstay afloat, or as an analyst told Bloomberg this morning, make sure they now have an "official buyer" that replaces an "eroding buyer base" in the market. ... See all stories on this topic » | ||
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| London FTSE falls Examiner.com ... funds to deal with Italy and Spain. The contagion from the EU debt crisis has not been controlled as investors read the fine print of the latest deal to concerning Greece, Portugal, Ireland and the EFSF ( European Finance Stabilization Fund) which ... See all stories on this topic » | ||
| South Summit Meeting of World Leaders in Search of a Venue Inter Press Service The importance of the summit has been underlined by the renewed financial turmoil in Portugal,Greece and Ireland, and an impending crisis in Spain and Italy - and their impact on the world's developing economies. The summit in Libya was expected to ... See all stories on this topic » | ||
| Europe Investor Confidence Plunges Most on Record on Debt Crises Bloomberg European services and manufacturing growth weakened in July to the slowest pace since the euro area emerged from recession two years ago, and signs are increasing that the debt crisis, which has already forced Greece, Ireland and Portugal to seek ... See all stories on this topic » | ||
| Credit crunch II: the sovereign edition Irish Times (blog) To use an Irish banking analogy, Greece is Anglo/Nationwide ie a basket case, Portugal, Spainand Italy are looking like AIB, caught out when cheap cash dried up and investors began to question their ability to repay. Let's just hope Germany and France ... See all stories on this topic » | ||
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| Europe should split the currency: McKibbin ABC Online ... I don't think is politically or economically sustainable in countries like Greece or Ireland or evenPortugal. And if you bring in Italy and you bring in Spain, that is not a sustainable situation. ALI MOORE: So, let's stay on Europe for a minute. ... See all stories on this topic » | ||
| Collateral damage Hindustan Times The simultaneous sovereign credit crisis in the Eurozone has seen the virtual insolvency of Greece,Ireland and Portugal, which had to be bailed out by huge packages. The crisis is now threateningSpain and Italy and is unlikely to stop there. ... See all stories on this topic » | ||
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| Skippy's death is least of Cameron's troubles Irish Independent ... to Ireland earlier this year was a striking symbol of that. But Osborne, who is on holiday in Los Angeles, is in no position to put up further cash to help other struggling treasury ministers in Greeceor Portugal, let alone Spain or Italy. ... See all stories on this topic » | ||
| No Default As Long As The Fed Has A Printing Press Forbes (blog) The US's cost of borrowing is unlikely to increase, not yet, not while PIIGS (Portugal, Italy, Ireland,Greece, and Spain) are rampaging through Europe. The US still has the largest, most robust, most diversified economy, and despite our problems we ... See all stories on this topic » | ||
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| US markets plummet: Dow Jones falls 600points in manic Monday sell-off NDTV.com It did not specify which bonds it would buy, but hinted it would be Spain and Italy by welcoming their efforts to restructure their economies and cut spending. Previously the bond buying had been limited to bonds from Greece, Portugal and Ireland - the ... See all stories on this topic » | ||
| Are we headed for another recession? Silver Surfer Today The contagion which began in Greece and then devoured Ireland and Portugal, could now soon claim its biggest victims so far in Italy and Spain. If it does, it could spell the end of the European single currency experiment and damage major economies ... See all stories on this topic » | ||
| EU speeds up anti-crisis measures after US downgrade EUobserver.com The bank last week agreed to return to bond markets to buy debt from troubled euro-countries but limited new purchases to Ireland and Portugal in a move that did little to calm markets. Italy andSpain, whose borrowing costs recently spiked to ... See all stories on this topic » | ||
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| Look at the economic facts, don't overreact Independent Online Change the country name and the exact figures and you've got a piece on Ireland, Portugal,Greece, Spain or Italy. We all read these articles, but very few of us think critically about them. US gross debt was $13.4 trillion in 2010. ... See all stories on this topic » | ||
| Rating downgrade fuels fear, but US Treasuries still mighty CTV.ca Germany and France, meanwhile, released a statement on Sunday saying the monetary union's bailout fund would soon be able to buy government bonds of Italy, Spain, Greece, Portugal andIreland. The European debt crisis has already caused Greece, ... See all stories on this topic » | ||
| Anticipating the Coming Convulsions as the Welfare State Dies Big Government Then the other failed states of Europe – Ireland, Spain, Italy, Portugal – will collapse too, taking with them Europe's banks and our banks along with them. The only reason we won't fail first – S&P did not act too early but, rather, far too late in ... See all stories on this topic » | ||
| UPDATE 1-Hannover Re confirms outlook on good Q2 net profit Reuters In contrast, Hannover Re had no exposure to Greece and no writedowns in the second quarter. Chief financial officer Roland Vogel said the company's exposure to debt-saddled euro zone periphery ofPortugal, Ireland, Italy and Spain totalled 254 million ... See all stories on this topic » | ||
| Basel III Implementation Not Sovereign Debt Crisis True Test For Banks: An ... The Wall Street Transcript For example, when you look at Greece, even the money center banks exposure to Greecespecifically is just minimal. The exposure to the PIIGS - Portugal, Ireland, Italy, Greece andSpain - is a little bit more meaningful for JPMorgan (JPM) and BofA ... See all stories on this topic » |
| TRAVEL GUIDE AND NEWS » Blog Archive » Second Recession in US ... In a eurozone periphery, 5 countries have been already in a recession: Greece, Ireland, Portugal,Italy, as well as Spain. Three of them have mislaid marketplace access, as well as during this point, a chances which Italy as well as ... TRAVEL GUIDE AND NEWS |
| PIIGS | Firstpost Following the downgrade of United States' credit rating to AA+ from AAA, economists feel PIIGS too ( Portugal, Italy, Ireland Greece and Spain) are facing a recession. Of these, Italy and Spain are likely to lose market access because ... Firstpost |
| Bwin.party shares drop to a record low ... that 11% of its revenue is generated from Greece. European Commission's president Jose Manuel Barroso is now warning European governments that the financial troubles of Greece, Portugal andIreland could spread to Italy and Spain. Italy alone represents 10% of Pwin's revenues. ... RelatedNews Articles. Sin City slot at Party Casino is the new destination for sinners. Party Casino has a special treat for all comic book fans – Sin City slot , which is based on Frank. ... Jackpotfinder Online Gambling News |
| No Way Out — DollarCollapse.com Across the Atlantic the eurozone periphery is now contracting, or barely growing at best. The risk that Italy or Spain – and perhaps both – will lose access to debt markets is now very high. UnlikeGreece, Portugal and Ireland these two ... DollarCollapse.com |
| European Central Bank to the Rescue By Nick Ottens The IMF estimates that Italy needs between €340 and €380 billion over the next five years to cover its shortfalls. Part of the €440 billion is already committed to Greece, Ireland and Portugal. If Spain is also to tap into the facility, Italy could be left in the cold. Tags: European Central Bank, European Union, ... Comments Closed. Comments are closed. You will not be able to post a comment in this post. Atlantic Sentinel: Transatlantic News, Analysis & Commentary ... Atlantic Sentinel |
| European Central Bank: In the service of ... - Economics Newspaper By B.B Much that is only in comparison with the new benchmark of 3.5 percent, the demands of the community since the last Euro-crisis summit in Greece, Ireland and Portugal for loans. Before the introduction of the euro, Italy and Spain paid ... Economics Newspaper |
| European Central Bank to buy Italian and... | Gather - News By Jefferson Locke Italy and Spain are the two largest of the PIIGS (Portugal, Ireland, Italy, Greece and Spain), those countries that are facing a crisis because of their potential (or real, in the case of Greece andPortugal) difficulties in paying off ... Gather News Channel |
| Trustfunded1: If only Italy,Greece,Spain,Portugal and Ireland hadn ... “If only Italy,Greece,Spain,Portugal and Ireland hadn't let bankers fund their welfare programs with debt. But then again these countries would have had to ... www.huffingtonpost.com/.../g7-debt-crisis_n_920393_10152... |
| Italy, Spain Stuck in No-Go Zone at Merrill, DWS: Euro Credit ... Home - Top News. August 07, 2011 3:31 AM ... bonds from Greece, Portugal, Ireland, Spain andItaly since deciding to avoid them in April of last year, ... news.businessweek.com/article.asp?documentKey=1376... |
| Barclays profits fall sharply - analyst reaction - Yahoo! UK ... ... sovereign) for the 'peripheral economies' (Portugal, Spain, Italy, Ireland ( Berlin: IIK.BE - news) and Greece) company (predominantly Italy and Spain). ... uk.finance.yahoo.com/.../Barclays-profits-fall-sharply-tele-379... |
| Italy, Spain will not need rescue programmes: Rehn — EUbusiness ... Neither Italy or Spain will need to be bailed out, EU Economic Affairs ... You are here: Home → Breaking news → Italy, Spain will not need rescue programmes: Rehn ... of smaller beleaguered euro nations, Greece, Ireland and Portugal. ... www.eubusiness.com/news-eu/eurozone-finance.bok |
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