 Toronto Star Cyprus, Italy, Portugal, and Spain were downgraded by two levels. Portugalwas cut to “junk” status. The ratings of Germany, Belgium, Estonia, Finland,Ireland, Luxembourg and the Netherlands were unchanged, S&P said in a statement after the markets ... See all stories on this topic » | ||
| Italy, Spain Offer $21.5 Billion of Debt in First Auctions of the New Year Bloomberg Yields Fall While the yield on Italy's 10-year bond remains near the 7 percent level that prompted Greece, Ireland and Portugal to seek bailouts, it was down 10 basis points at 6.88 percent at 9:15 am Rome time. Spanish debt has fared better with its ... See all stories on this topic » | ||
| Exports need larger cover for crisis-hit Europe mydigitalfc.com By Yogima Seth Sharma Jan 17 2012 , New Delhi Indian exporters with exposure to Spain, Portugal, Ireland, Italy and Greece (SPIIG) will now have to take larger risk cover from Export Credit Guarantee Corporation (ECGC) of India on the back of looming ... See all stories on this topic » | ||
| JPMorgan could lose $5 bln from PIIGS exposure-rpt Reuters | MILAN Jan 14 (Reuters) - JPMorgan Chase & Co could lose up to $5 billion from its exposure to Portugal, Ireland, Italy, Greece and Spain, Chief Executive Jamie Dimon said in an interview with Class CNBC, carried in Italiannewspaper Milano Finanza on ... See all stories on this topic » | ||
| Brazilian Senator Explains the Lessons Greece Taught the World Brazzil Magazine The year 2011 was the year of Greece. More than Ireland, Iceland, Spain,Portugal or Italy, Greece symbolized the worldwide crisis. Even more so than the United States in 2008. In Greece, the dimension of the crisis was wider: it was economic with a ... See all stories on this topic » | ||
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| JPMorgan could lose $5 bln from PIIGS exposure - report Reuters India N) could lose up to $5 billion from its exposure to Portugal, Ireland, Italy,Greece and Spain, Chief Executive Jamie Dimon said in an interview with Class CNBC, carried in Italian newspaper Milano Finanza on Saturday. Dimon said the bank was exposed ... See all stories on this topic » | ||
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| S&P Cuts Italy Two Levels on Rise in Costs of Financing Debt BusinessWeek Monti has pledged to present a new plan to spur Italian growth and competitiveness at a meeting of euro-area finance chiefs on Jan. 23. AlthoughItaly's debt is larger than that of Greece, Spain, Portugal and Irelandcombined, its 2010 budget deficit ... See all stories on this topic » | ||
| ECB boosted support to Italy, Spain last week CBS News In fact, Spain and Italy saw their borrowing rates fall in bond auctions last week. Fears of default have led to higher interest costs, which in turn magnify default concerns in a vicious circle. Greece, Ireland and Portugal have already needed ... See all stories on this topic » | ||
| European recession The Seattle Times Greece, Ireland, Portugal, Spain and Britain are already in downturns -- have been, in some cases for years -- with Italy and Hungary not far behind. The big problem continues to be unsustainable sovereign debt in many eurozone member nations, ... See all stories on this topic » | ||
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| Euro gains as borrowing rates in Italy, Spain fall BusinessWeek And Spain raised double the amount of money it had hoped to at its bond auction. Investors have worried about the debt of Italy and Spain, the No. 3 and No. 4 economies among nations that use the euro. Greece, Ireland andPortugal had to be bailed out ... See all stories on this topic » | ||
| New year for the Euro: What could happen and why Americans should be concerned PressZoom (press release) Despite a slowly improving US economy, Americans have watched the stock market continue on its roller coaster ride, in large part because of uncertainty about the economic future of European countries, such as Greece, Portugal,Ireland, Spain and Italy ... See all stories on this topic » | ||
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| World stocks rise after Spain, Italy hold successful bond issues CanadianBusiness.com Investors have been worried that Italy and Spain might get dragged into the region's debt crisis. Greece, Ireland and Portugal have been forced to get relief from their lenders after their borrowing costs spiked to levels the countries could no longer ... See all stories on this topic » | ||
| Ack! They Are Actually Going To Let Greece Default! DeathRattleSports.com But if Greece is able to get a 50% haircut from private investors, then why shouldn't Italy, Spain, Portugal and Ireland all get one? Once you start playing the haircut game, it is hard to stop it and it rapidly erodes confidence in the financial ... See all stories on this topic » | ||
| Covered Bond Buyers Retreat From Spanish Assets, Fitch Says BusinessWeek Spain's covered bond market is the largest in Europe with 262 billion euros ($335 billion) of outstanding debt, according to UniCredit SpA data tracking benchmark-sized transactions. Spain is seeking to avoid following Greece,Ireland and Portugal in ... See all stories on this topic » | ||
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| Italy, Spain, Greece have had trade deficits with Germany since at least 1980 ... FinFacts Ireland By Michael Hennigan, Finfacts founder and editor Eurozone countries like Italy,Spain and Greece have had trade deficits with Germany since at least 1980 -- 20 years before the euro launch. The International Monetary Fund (IMF) says the euro is a ... See all stories on this topic » | ||
| Rajoy's Silence Set to Be Broken as Sarkozy Visits Madrid BusinessWeek That may not be enough to stop his administration from having to seek outside aid from the European Union and International Monetary Fund, followingGreece, Ireland and Spain's Iberian neighbor Portugal, said Thomas Costerg, an economist at Standard ... See all stories on this topic » | ||
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| S&P downgrade and implications FXstreet.com Here, we expect to see some flattening in the peripheral curves, such as Spainand Italy. Finally, Portugal had a strong start to 2012; again we could seePortugal lose a bit on Monday. However, as we do not expect either Ireland orPortugal to be hit ... See all stories on this topic » | ||
| Spain sees borrowing rates plunge as it raises $6.2 billion in first auction ... Washington Post Spain, with a swollen deficit and eurozone-high 21.5 percent unemployment rate, is struggling to avoid being dragged further into the crisis threatening the 17-country eurozone that has already forced Greece, Ireland and Italy to seek billions in ... See all stories on this topic » | ||
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| Stocks, Euro Drop as Treasuries, Bunds Gain on Downgrade Concern BusinessWeek Cyprus, Italy, Portugal, and Spain were cut by two notches, S&P said. The long-term ratings on Austria, Malta, Slovakia, and Slovenia were cut one notch. Belgium, Estonia, Finland, Ireland, Luxembourg and the Netherlands also had their ratings affirmed ... See all stories on this topic » | ||
| Keep an eye on Portugal MarketWatch (blog) And like Italy, Portugal didn't suffer a bursting housing market bubble, asIreland and Spain did. “Its problem is not so much fiscal excesses as painfully slow growth,” Chandler said. This year, the economy is expected to shrink by 3%. ... See all stories on this topic » | ||
| Spain Lawmakers OK $11.5B Austerity Deal TIME Spain is battling to avert being dragged further into a debt crisis that has already forced Greece, Ireland and Portugal to seek financial bailouts. In 2010, Spain began to emerge from a near two-year recession triggered by the collapse of a property ... See all stories on this topic » | ||
| Fitch Sees a 'Significant Chance' of Italy Rating Downgrade San Francisco Chronicle While Italian yields slipped 4 basis points to 7.12 percent, they remain above the 7 percent level that prompted Greece, Ireland and Portugal to seek international aid. Greek bond yields slipped 17 basis points to 35.5 percent. ... See all stories on this topic » | ||
| The smell of money UPI.com ... resolved Greece's financial difficulties, despite a series of harsh and extremely unpopular austerity measures adopted by Athens. In the meantime,Ireland, Portugal, Spain and Italy took turns making headlines that spelled out their financial woes. ... See all stories on this topic » |
| How Austerity Is Killing Europe » TripleCrisis By Jeff Madrick The European debt crisis began with Greece, and that nation remains the European Union's most stricken economy. But it has spread inexorably toIreland, Portugal, Italy, and Spain, and even threatens France and possibly the UK. It need not ... TripleCrisis |
| Asset Valuation Key in Equipment Disposal | Construction Events ... By Administrator This was revealed in their collapse in Greece, Portugal, Italy, Spain and Ireland. A combined effect of high public debt and speculation-propelled bubbles, built-up during the pre-2008 'boom years', caused the construction markets of these... Construction Events, Expos, Exhibitio... |
| NewsDaily: Analysis: Rescue fund downgrade raises pressure on ... By Jan Strupczewski NewsDaily: Your best source for breaking news ... To boost their firepower in case Spain or Italy need financing programs like Greece, Ireland and Portugal, euro zone leaders pushed forward the launch of the ESM by one year to July 2012. NewsDaily: Top Headlines |
| Italy, Spain Offer $21.5 Billion of Debt in First Auctions of the New Year Italy and Spain will seek to sell as much as 17 billion euros ($21.5 billion) in debt as ... 7 percent level that prompted Greece, Ireland and Portugal to seek bailouts, it was ... according to the median of 53 forecasts in a BloombergNews survey. ... www.bloomberg.com/.../italy-spain-offer-21-5-billion-of-debt... |
| Downgrade drama: S&P lowers France, Italy, Spain, 6 others Italy was lowered by two notches to BBB+ from A, and Spain fell to A from AA-. ... Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands,Portugal, Slovakia, ... Baroin said the downgrade was "bad news" but not "a catastrophe." ... www.usatoday.com/money/world/story/2012-01-13/.../1 |
| France, Italy, Spain and Portugal among nine euro nations saw ... The possibility that Greece could default on its loans also resurfaced Friday after ... Cyprus, Italy, Portugal, and Spain were downgraded by two levels. ... www.thestar.com/.../1115504--france-italy-spain-and-portugal... |
| Portugal News, Photos and Videos - ABC News Italy and Spain fell by two notches and Portugal 's debt was consigned to junk. S . .... and other social programs. Greece, Portugal and Ireland have already ... abcnews.go.com/topics/news/portugal.htm |
| Is Ireland a busted flush? Roubini School of Economics: No Irish ... Megan Greene, who has been spot on with her analysis to date, said thatIreland along with Greece Portugal, Spain and Italy will all default and leave. www.politics.ie/.../179044-ireland-busted-flush-roubini-school... |
| SmaiTawi : Message: PIIGS [Portugal, Ireland, Italy, Greece ... PIIGS [Portugal, Ireland, Italy, Greece, & Spain] DEFAULT & what it, Topic List < Prev ... Well, if you heard the news today, they are saying 1000% chance of ... groups.yahoo.com/group/SmaiTawi/message/35123 |
| JPMorgan could lose $5bn from PIIGS exposure: Report - Reuters - ... up to USD 5 billion from its exposure to Portugal, Ireland, Italy, Greeceand Spain, ... with Class CNBC, carried in Italian newspaper Milano Finanza on Saturday. www.moneycontrol.com/.../jpmorgan-could-lose-365-blnpiigs... |
| Eurointelligence - "The Road to Nowhere" – Europe's Debt Crisis This is precisely the experience of Greece, Ireland, Portugal and Britain as they ... Until 2008, Ireland, Spain and Italy boasted a better fiscal position and lower ... www.eurointelligence.com/.../the-road-to-nowhere-europes-de... |
| Merkel, Sarkozy to seek growth, jobs for euro zone - Business ... BREAKING NEWS: Syria issues amnesty for crimes during uprising - Reuters... on states like Spain and Italy, which are due to pay back a mountain of maturing ... www.msnbc.msn.com/.../merkel-sarkozy-seek-growth-jobs-eu... |
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