 The Guardian During Europe's 15-month debt crisis, financial markets sensed that Greece, Ireland and Portugalwere at the point when a bailout became inevitable when their 10-year bond yields reached 7%. Victoria Cadman, an economist at Investec, said the ECB would ... See all stories on this topic » | ||
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| Japan's Economy Grows at 1.3% Daily Reckoning - American Edition Gold traded above $1800 and then got smacked down, the US credit rating was downgraded a notch, the debt debacle worsened, Italy and Spain are getting tarred with the same brush used for the bailed out countries of Greece, Ireland, and Portugal, ... See all stories on this topic » | ||
| Slovakia Should Vote Down New Powers For Euro Area Bailout Fund - Lawmaker Wall Street Journal The SaS, whose leader Richard Sulik serves as the parliament speaker, also opposes changing rules or the size of the EUR440 billion EFSF, mainly tailored for bailing out Greece, Portugal andIreland. The party is against allowing the EFSF to buy ... See all stories on this topic » | ||
| Greece Fire MyFox Detroit “The biggest risk I see is you have trouble with Greece, Portugal, Spain, Italy and Ireland. If trouble happens there, I could see a contagious effect that could affect our economy in North America.” Translated: You thought Monday was bad, ... See all stories on this topic » | ||
| It's ripoff time for the US economy Sydney Morning Herald And this path to default or restructuring is exactly what we are seeing with Greece and probably a few of the other PIIGS economies (Portugal, Ireland, Italy, Greece and Spain). However it is unlikely, despite our car-crash fascination with the worst ... See all stories on this topic » | ||
| France, Germany Block Eurobonds TheStreet.com So far the ECB has only gone as far as buying the sovereign debt of countries seen to be struggling in the midst of the crisis -- Greece, Ireland, Portugal and now Spain and Italy. Issuing euro bonds would fund all of that activity, and move the focus ... See all stories on this topic » | ||
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| No safe havens Asia Times Online When a crisis of confidence unfolds in government debt - as has been the case in Greece, Ireland,Portugal, Spain and Italy - newfound policymaking constraints quickly become a focal point of market worries. Yet, a well-entrenched view holds that ... See all stories on this topic » | ||
| Gold soaring to “Much Higher Highs,” says Swiss's Felix Zulauf Beacon Equity Research If Germany's resolve to step in to bailout the eurozone periphery of Portugal, Ireland, Italy andSpain (PIIGS) falters, “all hell could break loose in the [euro] next couple of weeks or months,” Felix Zulauf told Financial Sense Newshour over the ... See all stories on this topic » | ||
| World Bank head warns of "new danger zone" Southeast European Times Stock and bond markets plunged into turmoil amid warnings that the debt crisis which has ravagedGreece, Portugal and Ireland is now spreading to two much larger Eurozone economies, Italy andSpain. Also stoking fears was the decision by Standard and ... See all stories on this topic » | ||
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| The Future of Europe Institute for Ethics and Emerging Technologies Spain and Italy are also top attractions, and Greece and Portugal have seen these stats rise sharply in recent years. Almost 10 million Europeans are employed in the tourist industry. As a “lifestyle showcase” Europe has a lot to offer, ... See all stories on this topic » | ||
| European stock markets firmer, euro higher Ninemsn ... help ease the pressure on Italy and Spain, pushing down their borrowing costs. Markets have suffered heavy losses in recent weeks on fears the third- and fourth-largest eurozone economies could need a bailout to follow Greece, Ireland and Portugal ... See all stories on this topic » | ||
| Setbacks may push Europe into a new downturn Business Standard Another recession is already well under way in Greece and Portugal, while growth in countries likeSpain, Italy and Britain has been very slow since last year. But now Germany, which has been remarkably strong, hauling the rest of the Continent along ... See all stories on this topic » | ||
| Is a Recession Priced In? Zacks.com Starting with Italy and Spain being now more in the category of countries that need saving, rather than being among the group of countries that do the saving of the more troubled smaller countries likeGreece and Ireland. Later in the week there were ... See all stories on this topic » | ||
| Roubini on fate of capitalism: Karl Marx was 'partly right' Globe and Mail (Greece, Ireland and Portugal, at latest count, are suffering, and everyone's paying for it. On Friday, for example, Italy rushed through new austerity measures as its public debt reached almost €2-trillion, partly because it helped bail out its ... See all stories on this topic » | ||
| Eurozone crisis spreads to the core Business Times (subscription) But while Greece, Ireland and Portugal got lower rates for their official long-term financing, Spainand Italy experienced a surge in their borrowing costs. They are paying close to 6 per cent for 10-year money. It is clear that these countries cannot ... See all stories on this topic » | ||
| Euro bailout fund could survive French downgrade Economic Times That in turn would boost bailout costs for Greece, Ireland and Portugal, making it tougher for them to get their debts under control. But that may be the price to pay for a bigger fund. A benign scenario is not guaranteed: a French downgrade might ... See all stories on this topic » | ||
| Analysts split over risks in emerging markets Financial Times HSBC pointed out that the US, Cyprus, Greece, Ireland, Italy, Portugal and Spain had all suffered credit rating downgrades in recent months, while 13 emerging market governments had seen their ratings upgraded, with only Belarus and Belize downgraded. ... See all stories on this topic » | ||
| Europe accounts for half of foreign selling in Korea The Korea Herald Other heavy sellers included funds from Germany, Greece, Italy, Spain, Portugal and Ireland. Amid their massive selling, the portion of foreigners' stock holding accounted for 31.65 percent of the total market capitalization on the Korean main bourse ... See all stories on this topic » | ||
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| Kumar Mangalam Birla thinks recession could be a possibility Daily News & Analysis The queue behind Greece grows longer - Portugal, Spain, Italy, Ireland. The US debt situation has also escalated into a new zone of danger. Japan is entering a third decade of low growth,” he said. Birla said the shifts in global economic situation in ... See all stories on this topic » | ||
| Market Activity Proving There Are Few Places To Hide (GLD, SLV, TBT, TLT, UUP) ETF Daily News In Europe, the story has been all about the dreaded PIG — Portugal, Ireland and Greece. And then in recent months Italy and Spain came under fire, which required the buyer of last resort — the European Central Bank — to quell the downward spiral in ... See all stories on this topic » | ||
| Date Format: dd-mm-yyyy Mesquite Local News That's about equal to combined economies of Italy, Spain, Portugal, Ireland and Greece. Um…is it too late to lay low and change our name to Zimbabwe? No one will notice, right? 5. The 1700 people arrested for the rioting and looting in England ... See all stories on this topic » | ||
| On Doing Nothing When There's Nothing You Can Do The Moderate Voice French banks are known to be heavily exposed to the sovereign debt of what are now infamously called the PIIGS, that is, Portugal, Ireland, Italy, Greece and Spain. What changed this week was that market participants began to think that this matters. ... See all stories on this topic » | ||
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| In case anybody was curious as to how Wisconsin's "free rail money" is being ... Milwaukee Journal Sentinel "Increased stimulus spending combined with more quantitative easing by the Fed may show brief improvement, but the long-term trend will spiral this country down to the level of Greece, Italy,Spain, Portugal, Ireland - all the failing national ... See all stories on this topic » | ||
| European ATM Security Team gains Romanian representation.. Finextra ... Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Malta, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, United Kingdom. ... See all stories on this topic » | ||
| —Pablo Neruda (1904-1973), "I'm Explaining a Few Things" Swans From 25% on average and up to 40 or 50% in the inner cities, the situation keeps deteriorating in the US In Europe, Spain has the highest rate of unemployed young people (over 45%); Greece's rate is over 38%; Italy, close to 28%; Ireland and Portugal ... See all stories on this topic » | ||
| Aegon bond fund takes out debt default cover Fundweb However, I expect them to be tainted by association with the Piigs [Portugal, Italy, Ireland,Greece, Spain] and fall in price accordingly,” he says. “It is an irrational but potentially self-fulfilling market phenomenon that has caused us to change ... See all stories on this topic » |
| Credit Ratings and the Euro « Across the Pond By eubeyer Bond ratings have been in the news a lot on both sides of the Atlantic, as ratings agencies weigh the credit worthiness of the country's most advanced and indebted countries. As figure 1 shows, the countries of the ... While both Moody's and S&P agree that Greece is the least credit worthy nation in the world at the moment, just a few notches above default, they disagree on many of the other PIIGS (Portugal, Ireland, Italy, Greece, and Spain). Moody's has downgraded both ... Across the Pond |
| The ECB debt purchased in Spain and Italy ... - Economics Newspaper By B.B The European Central Bank (ECB) bought the Last week sovereign debt in the euro area amounting to 22000 million euros, which include bonds from Spain, Italy, Portugal and Ireland. ... The higher weekly amount of debt incurred to date was 16500 million euros, in May 2010 when the markets penalized Greece. The ECB has been criticized for purchasing sovereign of Spain and Italy on Monday of the Last week, although this intervention has contributed to lower bond yields and ... Economics Newspaper |
| The Fall of Europe? | Year of 1989 By meylerts The needed bailouts for Greece, Portugal and Ireland have left the “bailers” as beleaguered states, left with few resources and tools to cope with stagnation, high-unemployment, populist politics, and social instability. ... contain and resolve its financial situations and it may also serve as a preemptive warning that the EU will not be able to deal with the problems in Ireland, Portugal, Spain, and Italy, which would all most assuredly grow after Greece left. ... Year of 1989 |
| Italy, Spain Stuck in No-Go Zone at Merrill, DWS: Euro Credit ... Home - Top News. August 02, 2011 11:49 AM ... The unit of Bank of America Corp. has spurned bonds from Greece, Portugal, Ireland, Spain and Italy since ... news.businessweek.com/article.asp?documentKey=1377... |
| No quick exit for eurozone from debt crisis - WLOX-TV and WLOX.com ... WLOX-TV and WLOX.com - The News for South MississippiNo quick exit for eurozone from debt crisis ... Credit flooded into Spain and Ireland for real estate booms . ... costs for less disciplinedItaly, Greece, Spain, Portugal, Ireland. ... www.wlox.com/.../no-quick-exit-for-eurozone-from-debt-crisi... |
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