 San Francisco Chronicle Estonia yesterday became the latest country to authorize the expanded powers for the fund, joining Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Portugal, Slovenia and Spain. The countries yet to ratify the changes are ... See all stories on this topic » | ||
| Williams: On the financial mess in Europe and the U.S. Richmond Times Dispatch What's the common thread between Europe's financial mess, particularly among the PIIGS (Portugal, Ireland, Italy, Greece and Spain), and the financial mess in the US? That question could be more easily answered if we asked instead: What's necessary to ... See all stories on this topic » | ||
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| When Will Europe's Molotov Cocktail Explode? Wall Street Daily You see, the weakest sisters of the Union – affectionately dubbed “the PIIGS” (Portugal, Ireland,Italy, Greece and Spain) – are bringing down the strongest players faster than anyone could have imagined. Greece, Portugal, Ireland and Spain have ... See all stories on this topic » | ||
| Italy, Spain Sell $24 Billion of Debt; Bonds Rise After Sale BusinessWeek A debt of 1.9 trillion euros -- more than Spain, Greece, Ireland and Portugal combined -- leavesItaly vulnerable to any advance in yields as it refinances maturing debt. Today's sale will help cover the redemption of 8 billion euros of bills on Sept. ... See all stories on this topic » | ||
| IFR-COMMENT: 440bn not the answer; Who remembers the question? Reuters By Divyang Shah by Divyang Shah LONDON Sept 26 (IFR) - How much do we need to bail outGreece? How much to bail out Ireland and Portugal? How much do we need if Italy or Spainrequired assistance? What about the banks, what if banks need to be ... See all stories on this topic » | ||
| UPDATE 1-German insurers can cope with limited eurozone hit-S&P Reuters Their exposure to Greece, Ireland and Portugal is limited and manageable and while a widening of the crisis to Spain and Italy could potentially dent the insurers' credit ratings, this is not the central scenario, S&P analysts told a media briefing. ... See all stories on this topic » | ||
| Other views: 'Pussyfooting' over Greece magnifies the risks USA Today As of Sept. 9, some $32 billion in net credit insurance exposure was outstanding on debt of Greece,Portugal, Ireland and Spain, according to Markit, a financial data provider. An additional $23.6 billion has been written on Italy's debt. ... See all stories on this topic » | ||
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| Reinhart: 'The outlook is dire, but it's not end-of-the-world dire.' #Euromess Washington Post (blog) ... in Europe is debt restructuring in Greece and Ireland and Portugal. And, in particular, I mean haircuts. I mean changing contracts to be less favorable to the creditor. I don't think austerity alone will solve the problem. I think Italy and Spain, ... See all stories on this topic » | ||
| Buoyant Bonds Financial-Planning.com By Donald Jay Korn From Greece to Ireland to Portugal, every few months seems to bring a new debt crisis. Italy, Spain and France also have debt woes, and Japan's national debt is more than 200% of its GDP. Not that Americans have any reasons to feel ... See all stories on this topic » | ||
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| Europe's debt crisis: 5 things you need to know KPAX-TV According to the IMF, European banks face a €200 billion credit risk stemming from direct exposure to government debt issued by Greece, Portugal, Ireland, Spain, Italy and Belgium. Including exposure to banks based in those troubled economies, ... See all stories on this topic » | ||
| Forex: The €2trillion plan that may save the euro NASDAQ A combination of these two measures and the extra cash available would then create a firewall around the other problematic economies of Spain, Portugal, Ireland and Italy," reports Mr. Russell. At present, EUR/USD is showing bullish tendencies in early ... See all stories on this topic » | ||
| 'What's really at stake here is the European banking system.' Washington Post (blog) These countries might be relatively small, but if you just look at Greece, Ireland and Portugal, that's $1 trillion in sovereign debt. If you add Spain, that's another trillion. If you add Italy, that's another $1.9 trillion. If the European banks take ... See all stories on this topic » | ||
| 7 Things You Didn?t Know About Sovereign Debt Defaults San Francisco Chronicle The PIIGS countries - or Portugal, Italy, Ireland, Greece and Spain - are on everyone's watch list as having the greatest risk of sovereign default. These five countries have a mixed historical record of sovereign default over the last 200 years, ... See all stories on this topic » | ||
| Last Chance to Save the Euro Wall Street Journal For that reason, I advocated letting Greece go a year and a half ago when the crisis first erupted. That chance to save the euro is fading. The European Central Bank (ECB) has bought sovereign debt from Greece, Portugal, Ireland, Italy and Spain. ... See all stories on this topic » | ||
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| Portugal 'least trust-worthy country' in Europe The Portugal News For more than a decade, between 1996 and 2009, Austria, Belgium, Denmark, Finland, France,Greece, Ireland, Northern Ireland, Italy, Holland, Norway, Portugal, Spain, Sweden, the UK and Germany were studied. A sample of around 1000 individuals from ... See all stories on this topic » | ||
| France unveils slashed budget for 2012 The Associated Press Paris was not alone in ignoring the spending rules, and the result has nearly brought the eurozone to its knees: Ireland, Portugal and Greece have all needed bailouts to pay their bills after investors refused to lend to them, and Italy and Spain have ... See all stories on this topic » | ||
| Krugman: Eurozone on One-Way 'Death Trip' NewsMax.com That won't work in Greece, which has more debt than it can realistically repay, and probably won't work for Ireland and Portugal either, Krugman predicts. It might work in Spain and Italy – if leaders make the right decisions. ... See all stories on this topic » | ||
| Greek albatross around Eurozone's neck Hindu Business Line With their hats in hand, the countries of EU commonly known as the PIIGS group (Portugal,Ireland, Italy, Greece and Spain), have had to come to the European Central Bank (ECB). It is Germany alone that used its muscle power to influence other states ... See all stories on this topic » | ||
| Government: lessons to be learned from failing countries Langley AdvanceNews Our politicians should pay attention to the financial crisis facing Portugal, Italy, Ireland, Greece,Spain, and the USA caused by government deficit spending. The US is printing trillions of dollars – which has devalued their dollar – most gone to ... See all stories on this topic » | ||
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| Europe's debt saga echoes our equalization debate TheChronicleHerald.ca In Europe, Germany is the “have," while Greece, Italy, Spain, Portugal and Ireland are the “have-nots." The haves feel pressured to bail out the have-nots in order to save the federation. Of course, Canada and Europe are not the same. ... See all stories on this topic » | ||
| Wanted: A radical idea to fix the eurozone Fortune (blog) FORTUNE -- After a series of efforts to keep Europe's ongoing debt crisis from turning into a worldwide financial disaster, it seems as though little has calmed investors: Greece, Portugal andIreland are on the brink. Italy and Spain could be next. ... See all stories on this topic » | ||
| Soc Gen: No comment on Newedge rumor Futures Magazine Its exposure to (Greece, Italy, Ireland, Portugal and Spain's) sovereign debt is low and very manageable in any final scenario. The Group's businesses are profitable, its liquidity situation is very much satisfactory and so are its shareholder equity ... See all stories on this topic » | ||
| Carpets and Rugs- Western Europe Sacramento Bee ... This package contains 15 carpet and rug market analyses from the following Western European countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden and the United Kingdom. ... See all stories on this topic » | ||
| Pimco Drawn to Yields Spurs Best Bond Rally: Australia Credit BusinessWeek While Australian government yields fell 98 basis points to average 4.05 percent, Bloomberg data show the only developed markets with higher rates are at the center of Europe's struggles: Greece,Ireland, Italy, Portugal and Spain. ... See all stories on this topic » | ||
| Spain's PM dissolves parliament before elections Reuters However, since August, the worsening euro zone crisis has forced the government to push through even more reforms as it tries to avoid a bailout like in Greece, Portugal and Ireland. "We'll continue to adopt measures if necessary," Zapatero told ... See all stories on this topic » | ||
| Stock market news and commentary from Wyatt Investment Research Wyatt Investment Research Of course, the question of Portugal and Ireland, and maybe Spain and Italy, will eventually rise. And likely sooner than later. But for now, a little clarity on Greece is a good thing. How would a 50% Greek default affect the market? ... See all stories on this topic » | ||
| September 2011 Global Macro Picture Global Economic Intersection According to ECB data, bank lending over the past year was down 9% in Ireland, 3% in Greece andItaly, and 1% in Portugal and Spain. Given the recent turmoil, it's a safe bet lending has contracted further. This will lead to even slower growth in ... See all stories on this topic » | ||
| An Immediate Repair Job Is Needed in EU: What To Do International Business Times AU This is necessary to push bond yields in countries like Portugal, Ireland, Spain and Italy back down to more sustainable levels and to keep bond yields down in other potentially vulnerable countries. In other words, send a strong signal to speculators ... See all stories on this topic » | ||
| Europe Needs To Act, But How? Seeking Alpha The EFSF has a capacity for action in the form of 440 bn Euros, a sum quite inadequate to the refinancing needs of Greece, Italy, Portugal, Spain and Ireland by 2014, which need 1200 bn Euros (see chart below for redemptions alone). Proof? ... See all stories on this topic » | ||
| Research and Markets: Vaccines - Europe Bradenton Herald ... Belgium, Bulgaria, Czech Republic,Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Macedonia, Moldova, the Netherlands, Norway, Poland,Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, ... See all stories on this topic » | ||
| Austria agrees to EFSF bailout mechanism Examiner.com After the debt crisis spread from,Greece to Ireland and Portugal, bond investors turned their soghts to Italy and Spain driving their interest rates up. French banks such as Societe General which has huge exposure to Greek debt saw over half their ... See all stories on this topic » | ||
| Morgan Stanley Seen Risky as Italian Banks in Swaps Market BusinessWeek As of June 30, Morgan Stanley had about $5 billion of funded exposure to Greece, Ireland, Italy,Portugal and Spain, which was reduced to about $2 billion when offsetting hedges were accounted for, according to a regulatory filing. ... See all stories on this topic » | ||
| Geithner to Europe: Day Late, Euro Short Fox Business Germany backs 27% of the present $600 billion EU rescue fund, France 20%, Italy 18% and Spain12%. Meanwhile, Greece is backstopping just 2.8%, Portugal 2.5% and Ireland 1.6%. Member countries of the euro zone backstop the fund, which lends euros to ... See all stories on this topic » |
| The Money Masters: Behind the Global Debt Crisis - International ... By Cleaves News Poetry In the US, we see untold millions suffering from the impact of mass foreclosures and unemployment; in Greece, Spain, Portugal, Ireland, and Italy, stringent austerity measures are imposed upon the whole population; all coupled with major ... Cleaves News Poetry Newswire |
| What Greece's Debt Means for Europe and You | Current Events ... By Allison Kade European Financial Crisis For the latest economic news that matters to your bottom line, sign up for LearnVest's new newsletter, The Market. You've probably heard the news: Things in Europe are ...This whole mess started in late 2009 and 2010 amid the global financial recession, when some Eurozone members like Greece, Ireland, Portugal, Spain and Italy began to face unsustainable government debts. Reasons for the current crisis include: Some countries dug deeper into their ... LearnVest |
| Majority Of Global Investors Predict Recession In Europe | OzHouse ... By OzHouse OzHouse Alt News: We're not in Kansas anymore… Contact Us · Email ... The debt of Italy alone amounts to nearly two trillion euros, and the combined debt of Greece, Spain, Portugal, and Irelandadds up to about 1.3 trillion euros. The bailout ... OzHouse Alt News |
| European Financial ETF Bounces as Debt Tensions Ease | ETF ... By Tom Lydon ETF Trends offers news, articles, and research tools for ETF investors and investing. ... [European Bank ETF Slides on Risk Factor]. There will be critical votes by European parliaments this week, concerning a bailout package that targets Greece, Ireland and Portugal. All 17 countries of the Eurozone have to ... focused on Greece, Ireland and Portugal. Today, the possibility of a default inSpain and Italy are a reality and banks in France and Germany are at risk should Athens default. ... ETF Trends |
| Germany Approves Expanded European Bailout Fund | FDL News ... By David Dayen These countries might be relatively small, but if you just look at Greece, Ireland and Portugal, that's $1 trillion in sovereign debt. If you add Spain, that's another trillion. If you add Italy, that's another $1.9 trillion. If the European banks take the hit, ... Firedoglake |
| Macquarie Group's exposure to Portugal, Italy, Ireland, Greece and ... Macquarie Group's exposure to Portugal, Italy, Ireland, Greece and Spain. ... Overview · News & announcements · Latest News · Archive 2010 · Archive 2009 ... www.macquarie.com.au/mgl/au/about...group/.../20110928a |
| Portuguese Tranquilidade's maintains 'BBB-' rating - Insurance Insight Home arrow News ... On 1 April, Fitch downgraded Portugal's sovereign rating long-term foreign and local currency issuer default ... had a EUR390m exposure to peripheral euro zone countries (Portugal, Spain, Italy, Greece and Ireland). ... www.insuranceinsight.eu/.../portuguese-tranquilidades-maintai... |
| SPAIN AND PORTUGAL TAKE DISTANCE FROM GREECE AND ... SPAIN AND PORTUGAL TAKE DISTANCE FROM GREECE AND ITALY. ... Latin Daily Financialnews. Thursday. Sep 29th. Login. Move; Close. Username ... www.latindailyfinancialnews.com/.../10811-spain-and-portuga... |
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