 Forbes But so far, the European Central Bank has been reluctant to intervene in the Italian and Spanish debt markets as it has previously done for Greece, Ireland and Portugal, the three eurozone countries that have already been bailed out. ... See all stories on this topic » | ||
| Group of 7 to meet to address European debt issue Worcester Telegram But with Greece, Ireland and Portugal having received an unprecedented bailout from their European partners, investors are now wary of any country with low growth and high debt — likeSpain and Italy, with their much larger economies. ... See all stories on this topic » | ||
| Death of the Euro is inevitable in continuing European financial crisis Irish Central The news that short sellers are now focusing on Italy and Spain after hammering Ireland, Portugaland Greece makes it clear that the one size fits all Euro is not up to the task of creating equal risk and reward across the European Union. ... See all stories on this topic » | ||
| For Euro Zone, Firing All Guns Could Prove Costly Wall Street Journal Over the past 18 months, they have rescued Greece, Ireland and Portugal after they were shut out of financial markets. But these steps haven't been enough to stop the much bigger economies ofSpain and Italy from drifting into the debt vortex. ... See all stories on this topic » | ||
| Debt, default and downgrade Aljazeera.net Greece, as a comparison, has about 160 per cent. Italian debt stand at $2.6 trillion, which is more than the total borrowing of Spain, Greece, Ireland and Portugal. And the country is not exactly expanding. The IMF forecasts just one per cent growth ... See all stories on this topic » | ||
| Cramer: 7 Things to Watch Next Week CNBC.com (blog) As it stands, European countries, including Ireland, Spain, Portugal, Greece and Italy, have issued far too many government bonds than they can afford to pay the interest on, Cramer said. Everyone who owns these bonds, including many European banks, ... See all stories on this topic » | ||
| G7 Talks Set to Commence, Berlusconi Calls for Coordination WTMA Growth remains tenuous in Italy and Spain, and controversy still surrounds the bailout of Greece,Ireland, and Portugal. Italian Prime Minister Silvio Berlusconi is calling for coordination between the G7 nations, although the timing and level of ... See all stories on this topic » | ||
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| Royal Bank of Scotland Latest Victim of Greek Meltdown The New American There seems to be a growing ripple in the pond caused by Greek sovereign debt problems, as well as the other PIGS (Portugal, Ireland, Greece, Spain). The French banks, Societe Generale and BNP Paribus, both disclosed recently that the banks held large ... See all stories on this topic » | ||
| Euro countries hanging on for dear lives London Free Press Spain is now having trouble selling its bonds and, conventional wisdom has it, may soon joinGreece, Ireland and Portugal in seeking a bailout. But from whom? Spain is the eurozone's fourth largest economy. OK, let's tie it to the third-largest, ... See all stories on this topic » | ||
| Stock market panic deepens euro crisis World Socialist Web Site In addition to the peripheral countries of Greece, Ireland and Portugal, now Spain and Italy, two core states of the euro-zone, are facing difficulties refinancing their debts. Even France, the second largest economy in Europe, is having to pay much ... See all stories on this topic » | ||
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| With 1% Growth and Staggering Debt, Italy Might Have to Cut Its Vacation Short New York Times Unlike Spain or Ireland, it never had a housing bubble, and unlike Greece and Portugal, it has a strong manufacturing sector and is Europe's second-largest exporter, after Germany. But markets are looking for weak links in the euro zone. ... See all stories on this topic » | ||
| ECB'S Gonzalez-Paramo Says Spain Has a Lot to Do on Budget Bloomberg 3 to remain in close contact with European leaders as the country's borrowing costs approached the 7 percent mark that heralded bailouts of Greece, Portugal and Ireland. Also yesterday, Zapatero spoke to French President Nicolas Sarkozy and agreed to ... See all stories on this topic » | ||
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| US, Europe, Greece, Chinese economies struggle: How India can sheild itself ... Economic Times Portugal, Spain and Ireland have already made it to the hog list and are struggling to cope with the economic challenges with no sign of a recovery plan. Italy is the latest to join this bandwagon. Its debt burden, at 120% of GDP, has reached alarming ... See all stories on this topic » | ||
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| Debt, growth fears weigh down stock market globally Xinhua What's is lacking is a clear outlook of Spain, Greece, Portugal and Ireland and that fact disrupts heavily the European stocks," he said. Friday afternoon, French President Nicolas Sarkozy was to discuss the financial markets with German Chancellor ... See all stories on this topic » | ||
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| Trying to Make Some Sense of European Debt Risks - El-Erian and Stiglitz GuruFocus.com It had no choice: with financial turmoil threatening to spread from small countries like Greece andIreland to large ones like Italy and Spain, the euro's very survival was in growing jeopardy. Europe's leaders recognized that distressed countries' ... See all stories on this topic » | ||
| Debt ceiling rejig not the answer to problems facing financial markets: Robert ... Economic Times The big question is that are they ready to play that same role for the whole of Europe: that is, not only supporting Greece but potentially Ireland, Portugal, Spain and Italy. Politically that would be very difficult. So I think economically the German ... See all stories on this topic » | ||
| Olive: The markets come to their senses Toronto Star (Greece has been in default for about half of its modern history.) Hey, no one put a gun to state borrowers in Portugal, Ireland, Italy and Spain to take on unmanageable debts. It must be said, though, that the bailout mission in which the stronger ... See all stories on this topic » | ||
| Mayor Gregor Robertson could face tough times if the economy tanks Straight.com This time around, Vision will be on the hot seat if history repeats itself—and this isn't farfetched, given the financial woes plaguing Spain, Italy, Greece, Ireland, Portugal, and the United States. A real-estate crash shortly before a civic election ... See all stories on this topic » | ||
| Economic crisis is the result of democracies failing to act China Post At the heart of the possible Great Recession, Part II, is the national debt crises in eurozone countries including Greece, Spain, Italy, Portugal and Ireland, where weak domestic economies (Greece) or huge bank bailouts by government during the 2008 ... See all stories on this topic » | ||
| Rating Agencies to Government: Go Back to College! Benzinga Option number one is preferable for everyone, and for those that don't understand option number two, I refer you to Greece, Iceland, Ireland, Portugal, Italy and Spain. If you're getting sick of listening to debt and spending issues now, I will gently ... See all stories on this topic » | ||
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| The humbling of America Inquirer.net Greece was the first to go. Next in line are Spain, Ireland, Portugal and now, possibly, Italy. Their economic troubles show in no uncertain terms the powerlessness of governments to steer their national economies in a globalized world. ... See all stories on this topic » | ||
| Panicked selling can create buying opportunity STLtoday.com Actually, this situation really is scary. It's obvious that Greece, Ireland and Portugal won't be able to pay all their debts, but they're small fry. Bond buyers are now sweating over biggies Spain andItaly, driving up interest rates on that debt. ... See all stories on this topic » | ||
| Rude Awakening - by Stephen Lendman OpEdNews ... however, are as intractable as those facing the eurozone." At issue are nations like Greece,Ireland, Portugal, Spain and Italy vulnerable to default from over-indebtedness, besides numerous other problems at a time global contraction seems imminent. See all stories on this topic » | ||
| Bleak north winds carry seeds of greater crisis West Coast Sentinel Then it belatedly realised banks had been lending way beyond agreed limits to Greece, Portugal,Ireland, Spain and Italy. This week, it conceded the situation was spiralling out of control, which stunned investors. What does all this mean for us? ... See all stories on this topic » | ||
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| Stock Market Mania: What Investors Need to Know Yahoo! Finance (blog) In this case the kids are Portugal, Italy, Ireland, Greece and Spain ("The PIIGS"). No one knows exactly what will happen if the economically responsible members of Europe separate themselves from the PIIGS, or even if a separation is possible before ... See all stories on this topic » | ||
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| G-7 finance officials to discuss co-ordinated action CTV.ca ... like Italy and Spain. The European Central Bank has so far been reluctant to intervene in the Italian and Spanish debt markets in an attempt to stabilize plummeting bond prices, as it has previously done for Greece, Ireland and Portugal, ... See all stories on this topic » | ||
| 2000 Years of Monetary Union History: Euro Lessons - Fullermoney Proactive Investors UK The Eurozone's crisis has enveloped Ireland, Portugal and more recently Spain and Italy. Spreads on even French and Belgian bonds are beginning to expand and the Euro's equivalent of the yield curve spread has surged. One clear difference this year as ... See all stories on this topic » | ||
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| On 8th day, world gets that sinking feeling Asian Age ... and the pumping of liquidity into the system, the focus was clearly on Europe, where bond yields in Spain and Italy have been blowing out, threatening the same kind of refinancing problems that have already slammed Greece, Ireland and Portugal. ... See all stories on this topic » | ||
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| China, Japan urge global talks on economic crisis Asahi Shimbun ... underscoring deep divisions within Europe over how to handle a debt crisis that has forcedGreece, Ireland and Portugal to seek bailouts. Investors worry that Italy and Spain, the euro area's third- and fourth-biggest economies, could be next. ... See all stories on this topic » |
| Insight: Investors rush to cash as economic turmoil ... - MAARS News By Valkyries Volatile trading is likely to continue until investors see some credible plan for dealing with the sovereign debt crisis plaguing Greece, Ireland, Portugal, Spain and now Italy. Money managers also say the toxic battle in Washington ... MAARS News |
| Right to Work | The crisis is back – resistance is crucial By Pete Spain and Italy , each of them larger in economic terms than Greece , Ireland and Portugalcombined, are now in the speculators' and banks' firing line. Both are seeing their borrowing costs soar and demands for further cuts and ... Right to Work |
| Italy to balance budget a year early | National Business News ... FRANKFURT, Germany (AP) - Italy's borrowing costs rose above Spain's on Friday for ... of the single currency zone, such as Greece, Ireland and Portugal. ... www.idahostatesman.com/.../italy-to-balance-budget-a-year.ht... |
| Fears for Italy in eurozone crisis - UK & World News - News ... Italy's borrowing costs have risen above Spain's for the first time in more than a ... of the single currency zone, such as Greece, Ireland and Portugal. ... www.people.co.uk/.../fears-for-italy-in-eurozone-crisis-10203... |
| Eurozone panic as Spain and Italy edge closer to economic collapse ... MailOnline - news, sport, celebrity, science and health stories ... The eurozone faced fresh financial fears today as Spain and Italy edged closer to ... The rate is near the levels seen in Greece,Ireland and Portugal before they were ... www.dailymail.co.uk/.../Eurozone-panic-Spain-Italy-edge-clos... |
| CEBR is optimistic on Ireland and Spain, but not on the Euro ... CEBR is optimistic on Ireland and Spain, but not on the Euro | Digital Look. ... Furthermore, it drew a parallel between Italy and Greece, ... as those of Greece , while adding that Portugal is nearer toItaly (though its position is ... this has left Italy and Spain “in the lurch.” AR. « Go back to newschannel ... www.digitallook.com/news/sharecast/news.cgi?... |
| UpFromLiberalism: . we've just joined the club. greece, spain ... greece, spain, ireland, portugal, italy.... and now, thanks to obama the good ' ol US of A .” Next Comment Previous Comment ... www.huffingtonpost.com/.../downgrade-us-standard-and-poor... |
| Fears for Italy in eurozone crisis | Orange UK News In Depth. Press Association. 5 August 2011, 17:30. Fears for Italy in eurozone crisis. Italy'sborrowing costs have risen above Spain's for the first time in ... of the single currency zone, such asGreece, Ireland and Portugal. ... web.orange.co.uk/article/.../fears_for_italy_in_eurozone_crisis |
| Italy, Spain will not need any rescue programmes – Rehn ... Neither Italy or Spain will need to be bailed out but both eurozone ... follow in the footsteps of smaller beleaguered nations Greece, Ireland and Portugal. ... www.timesofmalta.com/.../Italy-Spain-will-not-need-anyrescue... |
| Italy, Spain will not need rescue programmes: Rehn - FOCUS ... Neither Italy or Spain will need to be bailed out, EU Economic Affairs Commissioner ... of smaller beleaguered euro nations, Greece, Ireland and Portugal. ... 05 August 2011 | 15:34 / FOCUSNews Agency / Southeast Europe and Balkans ... focus-fen.net/?id=n256484 |
