 CNBC.com His central forecast is that the debt crisis will lead Europe into a depression that will mean soaring unemployment, deflation and zero interest rates for the foreseeable future. With the so-called PIIGS (Portugal, Ireland, Italy, Greece and Spain) ... See all stories on this topic » | ||
| SocGen to Slash Costs Wall Street Journal By DIGBY LARNER PARIS—French bank shares plunged Monday on expectations that Moody's Investors Service Inc. could downgrade them this week, adding to worries about a deepening euro-zone crisis that have hammered the country's financial sector in the ... See all stories on this topic » | ||
| EU's Almunia says cannot rule out more bailouts Interactive Investor Some analysts believe Spain and Italy could be forced to seek a bailout after Portugal, Ireland andGreece, if continued jitters about the euro zone force up the price of their debt to unsustainable levels. European shares were set to slip again on ... See all stories on this topic » | ||
| Germany gets ready for a Greek default FXstreet.com Talk has it that officials in Germany are gearing up for a Greek default, and as a result, the mood to buy Euros is almost non-existent. Since the global financial crisis exploded in 2008, the efforts from some surplus-favoured nations like Germany to ... See all stories on this topic » | ||
| Editorial: Europe's debt crisis will wash over our shores Sacramento Bee Europe has much bigger problems. The economic woes of Greece, Ireland, Spain and Portugal – and the crisis over the euro, the single currency in Europe – have revealed deep flaws in Europe'spolitical structure. As Stanford University's Jack Rakove ... See all stories on this topic » | ||
| G7 commitment unlikely to sway risk-averse investors Reuters The euro zone crisis will also be a focus again with German politics and disagreement in theEuropean Central Bank taking center stage along with renewed concern about Greece's ability to meet its obligations. Data from Lipper suggested a brief ... See all stories on this topic » | ||
| A Greek tragedy Philippine Star The Greek crisis spread to other EU nations with huge fiscal deficits and large public sector debt such as Portugal, Ireland, Italy and Spain (which together with Greece are known with the acronym PIIGS). Like the Asian crisis, the problems not only ... See all stories on this topic » | ||
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| International markets roundup Sydney Morning Herald Hours after his resignation was announced, Stark called for drastic reforms to the eurozone, as ECB watchers suggested that the bank was deeply split over its handling of Europe's sovereign debtcrisis. Stark, a German, had been a sharp critic of the ... See all stories on this topic » | ||
| In Praise of Flexibility Business Insider Despite the unprecedented nature of the current financial/fiscal/debt crises globally, a remarkable number of observers evince great confidence in their diagnoses and predictions. Given the unpredictability of the many colliding dynamics, ... See all stories on this topic » | ||
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| Goldman Sachs: Some European Banks are Toast Wall St. Cheat Sheet Not the word Europe needs to hear today. Per Reuters, “investors in Greek government debt worldwide will tell regulators on Friday whether and how they will participate in a bond swap aimed at giving Athens more time to emerge from a debt crisis, ... See all stories on this topic » | ||
| When is a 'good time' to sell a stock? Equitymaster.com Euro's decline seems imminent given the crisis that its member nations are facing. The debt woes in countries such as Greece, Ireland, Portugal, Spain and Italy have no immediate solution at present. The rising cost of debt in indebted Eurozone ... See all stories on this topic » | ||
| AM Best Briefing: European Investment Stress Test Flags Sovereign Debt Risk MarketWatch (press release) Slower growth within Europe's major economies has increased the possibility of a double-dip recession and exacerbated the sovereign debt crisis in a number of Eurozone countries (namelyPortugal, Italy, Ireland, Greece and Spain). ... See all stories on this topic » | ||
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| UK Next Up For A Downgrade? FN Arena News America's extensive debt is one issue, but clearly the greater focus over the last two years has been on accumulated debt in Europe. From Greece, to Ireland and Portugal, and on to Spain and Italy, unserviceable and growing budget deficits have thrown ... See all stories on this topic » |
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