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| 'Gov't failed to anticipate the crisis,' UK Economics professor says Buenos Aires Herald In addition, Greece features a huge budget deficit, which may be as high as 30% of GDP. In the other periphery Euro zone countries the situation concerning the sovereign debt is similar but less severe. Ireland, Italy, Portugal and Spain repetitively ... See all stories on this topic » | ||
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| Consider economic shocks with a cool head BusinessLIVE Change the country's name and the figures and you've got a boilerplate piece on Ireland, Portugal,Greece, Spain or Italy. We all read these articles, but few of us think critically about what they are saying. US gross debt was $13.4-trillion last year ... See all stories on this topic » | ||
| 'Green shoots' nipped in bud by capitalist contraction The Militant Standard & Poor's downgrade of the US government's credit rating and the banking crisis sweeping Europe—from Greece, Ireland, and Portugal, and now to Italy, Spain, and beyond—are symptoms of an ongoing worldwide contraction, not its cause. ... See all stories on this topic » | ||
| European Stocks Soar Friday, with US Markets Also Advancing Voice of America (blog) Interest rates on those bonds soared last week, increasing investor fears that Italy could be forced to join Greece, Ireland and Portugal in needing to secure international assistance to deal with its debt problems. Italy's finance minister said ... See all stories on this topic » | ||
| Weekly Wrap: Exhausted Investors Look Ahead CBS MoneyWatch.com (blog) On top of the growth concerns, there is a real possibility that the European debt crisis could spread from the smaller economies of Greece, Portugal and Ireland, to some big ones like Italy andSpain. It's unclear whether the EU has the monetary ... See all stories on this topic » | ||
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| Making sense of the US mess Inquirer.net Other than the downgrade, there was the long nagging fear of the much more debilitating debt incurred by European countries like Portugal, Ireland, Italy, Greece and Spain (PIIGS). While these countries' collective debt was less in absolute amount than ... See all stories on this topic » | ||
| The Policy-Driven Gold Rush Big Government Germany and the ECB stepped in to bail out Greece, only to watch the problem spread to the slightly larger economies of Ireland and Portugal, and then to the much larger ones of Spain andItaly. The choices these governments face seem stark: Either ... See all stories on this topic » | ||
| It's the Politics, Stupid! Huffington Post (blog) ... mostly Protestant and Nordic North, led by Germany, the Netherlands and Scandinavia, is willing to subsidize the less advanced (and more corrupt) economies that with the exception of Ireland are in southern Europe (Greece, Italy, Spain, Portugal). ... See all stories on this topic » | ||
| Texas Rocks! Maybe … DesMoinesRegister.com (blog) The global economic crisis – Greece, Ireland, Spain, Portugal, and now Italy – are not going to turn around their dreadful economies. This week France showed zero economic growth! BUT do Americans really want to see cutbacks in health services, ... See all stories on this topic » | ||
| Olive: There's lots we can do to fix the debt crisis Toronto Star And speculators have begun driving down the price of bonds issued by what they perceive as potential deadbeats Spain and Italy — major players, compared with the peripheral Greek, Irish and Portuguese economies already rescued in bailout schemes. ... See all stories on this topic » | ||
| Record levels of unemployment for Europe's youth World Socialist Web Site In second place in the European rankings is Greece, the first country to be bailed out by the European Union and to install austerity measures, with a rate of 40 percent. In third place is Italy (28 percent), followed by Portugal and Ireland (27 ... See all stories on this topic » | ||
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| UK Chancellor, Italy Economy Minister Propose “Outright Fiscal ... By MichaelVail A new poll for the Bild am Sonntag newspaper on Saturday showed 31 percent of Germans believe the euro will be gone by 2021. Common Bond Madness. The idea there would not be mess if “only we had common bonds” is madness. Had there been “ common bonds” Germany and France would have undertaken all the fiscal problems of Greece, Portugal, Spain, Italy, and Ireland. Note that French banks are directly under attack. That would have happened sooner if France and Germany ... StratRisks |
| Eurozone Agrees To Huge Spain & Italy Bailouts ! | Before It's News Eurozone Agrees to Huge Spain, Italy Bailouts. MASSIVE ACTION WOULD DWARF THOSE INGREECE, IRELAND, PORTUGAL. By Polly Davis Doig, Newser Staff ... beforeitsnews.com/.../Eurozone_Agrees_To_Huge_Spain_Ital... |
| All eyes on Germany in Europe debt crisis - Story Analysis by BuzzBox LA Times: World News — The country is already bearing much of the bailout ... The US, Spain,Italy, Greece, Ireland and Portugal all need bank bailouts. ... www.buzzbox.com/news/2011-08-12/ireland:portugal/?... |
| Austerity and the Destruction of Democracy - The Real News The Real News needs your support. Make a $10 donation by texting realnews to ..... of austerity in places like Ireland, Portugal, Spain, Italy, Greece, ... therealnews.com/t2/index.php?option=com...id... |
| Italy, Spain will not need bailout: EU's Rehn - Yahoo! UK ... Italy, Spain will not need bailout: EU's Rehn. ... Yahoo! UK & Ireland Finance ... Greece, Ireland(Berlin: IIK.BE - news) and Portugal. Italy and Spain ... uk.finance.yahoo.com/.../Italy-Spain-need-bailout-EU-afp-34... |
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