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| German court gives MPs bigger say in euro bailouts Reuters Greece, Portugal and Ireland have already received aid from Europe and the International Monetary Fund while Italy -- the third largest economy in the euro zone -- looks increasingly vulnerable as it struggles to implement a savings programme. ... See all stories on this topic » | ||
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| Europe's austerity challenge: How to rein in debts without stifling growth CTV.ca As the crisis wears on, young people are among those paying the highest price. The youth jobless rate now sits at a staggering 45 per cent in Spain and 26.9 per cent in Ireland. “On top of the fact that there's no jobs out there, the actual employment ... See all stories on this topic » | ||
| Gold catches the fire as investors dump equities Independent Online Three years after the collapse of US investment bank Lehman Brothers triggered a financial crisisand a global recession, the euro zone's escalating debt problems are threatening a repeat performance. Against this backdrop, South Africa, like the rest ... See all stories on this topic » | ||
| Infighting Might Nix Latest Fix For Europe Investor's Business Daily European bank stocks have been pummeled amid worries that austerity backtracking in Greece and Italy could slow approval of an expanded EFSF. Europe is lurching toward another full-blown crisisas bailout opposition festers, Yardeni says. ... See all stories on this topic » | ||
| Interconnection of US, European Markets Adds to Investors' Fears PBS NewsHour JACOB KIRKEGAARD: Well, I think if the European crisis is contained, if you like, to Greece, perhaps to Ireland and Portugal, then I don't think the exposures are particularly material for the US banks. It's only if you get to -- if the problem sort of ... See all stories on this topic » | ||
| EU officials to discuss state aid for banks -source Reuters "The capital situation has been improving since the financial crisis," said one German official. "The banks are rebuilding their capital at a satisfactory pace. We don't see any capital problem. The situation is much better than it was a year ago. ... See all stories on this topic » | ||
| Greek Euro Exit: 60% Currency Devaluation, Default, Banking Sector Collapse Forbes The situation for a large country is similarly prohibitive. No one wants riots, looting, and long-term poverty. No one wants a repeat of Argentina back in 2002. (The video below shows what the situation was like in Argentina as the crisis hit). See all stories on this topic » | ||
| Fitch: RMBS in Euro Zone Peripherals More Vulnerable to Rate Rises The FINANCIAL "Euro zone peripheral countries Greece, Ireland and Portugal, as well as Spain, are most vulnerable to increases in interest rates. In all four countries, at least 80% of borrowers have floating-rate mortgages and are undergoing significant economic ... See all stories on this topic » | ||
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| As Eurozone Experiment Fails, Global Crisis Looms Minyanville.com They may be “healthy” in the context of a stable financial environment, but not so much if they are forced to slug through another crisis. Though this may be a minority view, it won't take major problems in Ireland, Portugal, Italy, or Spain to tank ... See all stories on this topic » | ||
| Italy tightens, speeds up austerity plans NEWS.com.au ... arm also called for "swift adoption of the adjustment package in a spirit of national cohesion and solidarity," it said in statement,, amid concerns Italy could be the next victim of the eurozone debtcrisis after Greece, Ireland and Portugal. ... See all stories on this topic » | ||
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| EUROPEAN EQUITY OPENING NEWS INCLUDING: Yahoo's board removed Carol Bartz as ... Proactive Investors UK (RTRS) Goldman Sachs – New York prosecutors are widening their investigation into the manner in which co. marketed certain mortgage-linked securities before the financial crisis, according to people familiar with the matter. (WSJ) Bank of America – Co. ... See all stories on this topic » | ||
| How to pay more taxes The Hindu The euro zone had its own problems of coordination amongst its disparate constituents. One after the other, Greece, Ireland and Portugal teetered under debt and had to be bailed out by others — but on condition that they implement austerity packages. ... See all stories on this topic » | ||
| The Saver's Dilemma Project Syndicate But they feel that the eurozone has become such a dangerous place that they no longer dare to invest abroad. Greece, Ireland, and Portugal are off-limits because their bonds no longer rate as investment-grade, which means that banks are not allowed to ... See all stories on this topic » | ||
| DJ UPDATE: German Constitutional Court Upholds 1st Greek Rescue, EFSF Middle East North Africa Financial Network The ruling marks a victory for German Chancellor Angela Merkel, who has been stung by a series of party losses in local elections this year and faces fierce resistance in Germany for her handling of theeuro-zone crisis. Merkel's continued willingness ... See all stories on this topic » |
| Predicting Global Economic Volatility « Jack Rasmus By jackrasmus The Euro financial system will be shaken in 2010 by one or more defaults on its peripheryThe possibility of a second banking crisis and panic in 2011-14 is high (Z magazine, January 1, 2010). A year later, in 2011, ... The Eurozone sovereign debt crisis will spread beyond the current four economies (Ireland, Portugal, Spain, Greece) and engulf Italy, Belgium, and potentially (though less likely FranceA restructuring of the EU currency system will result in a kind of two-tier euro currency .... Jack Rasmus |
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