 Investorplace.com The International Monetary Fund, in its “Global Financial Stability Report,” estimates $408 billion in banks' risk exposure to toxic government debt from countries like Greece, Ireland and Portugal. Because Europe's crisis is moving so rapidly, ... See all stories on this topic » | ||
| Europe's debt crisis: The good, the bad and the ugly Washington Post They agree to issue “eurobonds,” guaranteed by all 17 nations of the euro zone, and to fully back the debt of troubled Greece, Portugal and Ireland. A new central authority gains greater power to prevent nations from running excessive budget deficits. ... See all stories on this topic » | ||
| Europe's Debt Crisis Casts Cloud Over US Economy NPR What began as a crisis in smaller countries, like Greece, Portugal and Ireland, is now creating serious issues in much larger economies like Italy, France and Germany. "It is important for Americans to understand what's going on in Europe," says Olli ... See all stories on this topic » | ||
| Greece on Edge of Insolvency 24 Centuries After First Default BusinessWeek By Simon Kennedy and Maria Petrakis (See EXT4 for more on the European debt crisis and GMEET for the IMF, World Bank meetings.) Sept. 23 (Bloomberg) -- History's first sovereign default came in the 4th century BC, committed by 10 Greek municipalities. ... See all stories on this topic » | ||
| What Really Caused the Eurozone Crisis? (Part 1) Wall Street Pit Which one is right? Some believe that the crisis was fundamentally caused by profligate, irresponsible behavior by governments and individuals in the EZ periphery. (Note: by the “EZ periphery” I mean Greece, Portugal, Ireland, and maybe Spain. ... See all stories on this topic » | ||
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| EU Rehn: Will Not Allow Greek Default, Euro-Zone Exit Wall Street Journal Rehn acknowledged that crisis management in the euro zone and communication had added to the region's problems--often proving "rather belated, piece-meal and not well communicated." However, he said the substance of the measures taken to improve the ... See all stories on this topic » | ||
| Still fiddling The Economist (blog) but it's hard to escape the conclusion that Europe's leaders simply do not grasp the enormity of theeuro crisis. Incredibly, Mr Van Rompuy didn't even talk about the euro until after forty minutes, and even then it was only to repeat the same old EU ... See all stories on this topic » | ||
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| Striking Greek Workers Protest New Austerity Cuts Voice of America Related Articles Euro Under Fire as Debt Crisis Continues Crisis has caused social unrest and speculation that euro's run as a joint currency may be coming to an end Analysts: BRICS Unlikely to Rush to Europe's Aid Greece Renews Debt Talks with ... See all stories on this topic » | ||
| The paper clip, 23 September European Voice (blog) Handelsblatt says the G20 leaders are nervous about contagion from the eurozone crisis. The further sharp falls of prices on the world markets dominate the front page of Gazeta Wyborcza. TheIrish Independent says share prices on the Asian stock ... See all stories on this topic » | ||
| Irish economy grows despite eurozone gloom Oman Tribune DUBLIN Ireland's bailed-out economy grew by 1.6 per cent in the second quarter, official data showed on Thursday, as Dublin outpaces other rescued eurozone countries with solid recovery following a property and debt crisis. Irish gross domestic product ... See all stories on this topic » | ||
| Time's up, welcome to our future Calgary Herald The bigger fear is that with the cross-border finances in modern economies, the Greek crisis could become a regional cluster of defaults by banks and governments that will spread to Portugal,Ireland, or, in the worst-case scenario, to major European ... See all stories on this topic » | ||
| Cameron warns about global economy The Associated Press TORONTO (AP) — British Prime Minister David Cameron joined Canada's prime minister in issuing dark warnings about the global economy on Thursday, saying Eurozone countries must act swiftly to resolve the crisis and make Europe's banks stronger. ... See all stories on this topic » | ||
| Sutherland notes market change on future of euro Irish Independent Last night European officials said governments may leverage the region's bailout program to erect a "firewall" around the sovereign debt crisis once a revamp of the fund is completed. "To stabilise theeuro zone, we need the right firewall to prevent ... See all stories on this topic » | ||
| IMF director: World economy enters dangerous phase Forbes He also said that the IMF had adequate resources to help in the European debt crisis. The IMF is already providing support to a bailout package for Greece. Olli Rehn, the European Union's topeconomic official, said the 16 other euro zone countries ... See all stories on this topic » | ||
| Angry Germans EUobserver.com (blog) This eurozone crisis is exposing some difficult truths. The limits of solidarity. The ephemerality of 'Europeanness'. And the fact that it is much easier to get into monetary union than get out of it. This last is what makes Germans, persuaded to join ... See all stories on this topic » | ||
| Dr. Strangelove and the euro 'Doomsday Machine' CNN International (blog) ... denial is the insistence of Eurozone managers to focus on only one part of the problem, the fiscal deficit. Only in the Greek case could fiscal excesses prior to the Financial Crisis be considered at the heart of the problem. In Italy and Portugal, ... See all stories on this topic » | ||
| Ukraine: Between a rock and a hard place EurActiv Ukraine faces two main threats. The first issue concerns the potential development of furthereconomic crises across the territory of the European Union. The situation regarding the unreined state debts of Greece, Ireland, Portugal, Spain and Italy, ... See all stories on this topic » | ||
| How panic in Europe could hurt UK house prices MoneyWeek Germany is seen as the safest country in the EU. So the higher the purple line goes, the more worried markets are about the state of the rest of eurozone. As jitters over Greece, Portugal,Ireland, Spain and Italy have grown, the Germany/euro swap rate ... See all stories on this topic » | ||
| French FM hints at boosting bailout fund eTaiwan News The EFSF has already given rescue loans to Ireland and Portugal and is set to fund a second bailout for Greece, which analysts say will deplete its reserves at a time when Europe's debt crisisis worsening. In July, eurozone leaders also decided to ... See all stories on this topic » | ||
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| London Session: Out with the Fed and back to Europe FXstreet.com US banks have their own problems, along with their European counterparts. Although we have got used to the Eurozone sovereign debt crisis flaring up every now and then, the latest flare up has notched up a gear in its severity since it seems to be ... See all stories on this topic » | ||
| Ghana: Exports of Nation, Others to EU Under Threat AllAfrica.com The effects of the slowdown in Europe will differ across African countries, depending on their exposure to the hardest hit European economies (Greece, Ireland, Portugal, Spain and Italy), as well as the composition of exports, it added. ... See all stories on this topic » | ||
| Finance sector expects another tough day NEWS.com.au Overnight, Australia joined Britain, Canada, Indonesia, Mexico and South Korea to urge theeurozone to tackle its crisis in a letter to the G20. The joint letter said there was a risk of contagion to the world economy if the governments of euro ... See all stories on this topic » | ||
| Amid Campaigning, Sarkozy Enacts Austerity Plan NPR France might be known for its good living and generous social welfare benefits, but like other countries in Europe, it's also deeply in debt. With the euro debt crisis worsening and France clinging to its triple A credit rating, President Nicolas ... See all stories on this topic » | ||
| Markets: Optimistic investors in short supply as volatility continues Financial Times In particular, there are deepening concerns about the stability of European banks, whose holdings of sovereign debt issued by the most fiscally fragile of eurozone governments – Greece, Portugal,Ireland and possibly even Spain and Italy – look ... See all stories on this topic » | ||
| World calls for urgent eurozone action to stem new crash Peninsula On-line Last night's Fed announcement piled further misery on markets already reeling due to the ongoingGreek debt crisis, which analysts fear could end with Athens defaulting and spark another globalfinancial crisis. European Commissioner for Economic and ... See all stories on this topic » | ||
| Treasury Select Committee hears from LSE and Imperial College on the Eurozone ... DeHavilland (press release) (subscription) Professor Perraudin : If there is a kind of narrow insolvency problem with Greece and possiblyPortugal defaulting, then I don't think it is at all the same scale. It is difficult because if there is a default by them then there would be a crisis of ... See all stories on this topic » | ||
| Copper crashes to one-year lows CTV.ca Equity and commodity markets have been battered in recent months by growing worries about aGreek debt default and contagion to other euro zone countries such as Ireland, Italy, Portugaland Spain. Traders also cite contraction in the euro zone's ... See all stories on this topic » | ||
| Treasury Select Committee hears from Barclays Capital, IHS Global Capital and ... DeHavilland (press release) (subscription) Simon Tilford: Starting from where we are now, with the current policy mix or current strategy for dealing with the crisis that we have, I think it is unsustainable in its current form. That will not be justGreece and Portugal either. It will be more. ... See all stories on this topic » | ||
| Marching in lockstep to a double-dip Business Spectator But first, let's look at how the shockwaves from a crisis in Europe might emanate across the Atlantic. The European and the American economies are deeply intertwined. Trade is the major channel through which ongoing stress in the European Union will ... See all stories on this topic » |
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