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Posts related to ‘Greece austerity’

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New Austerity Protests Rattle Greek Economy

Posted: February 20, 2013 at 7:00 am

The masses in one European nation once again demonstrated that government attempts to close deficits through austerity only work if people work. Greeks staged a large national strike to protest ...
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Greece Is “Running Out of Cash”

Posted: November 1, 2012 at 6:55 am

Greece cannot seem to work its way out of the financial news by settling on austerity programs that would trigger aid from the International Monetary Fund and European Union. Internal ...
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Media Digest (7/6/2012) Reuters, WSJ, NYT, FT, Bloomberg

Posted: July 6, 2012 at 6:16 am

Mortgage bank Countrywide used its VIP loan program to influence Congress. (Reuters) The search for a CEO for Yahoo! (NASDAQ: YHOO) narrows to interim chief Ross Levinsohn and Jason Kilar ...
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New EU Bank Bailout Plan Is Not Enough

Posted: June 29, 2012 at 6:14 am

The usual arrangement for the bailout of large banks in Europe has been for sovereigns to take on loans from eurozone funds and then use those funds to recapitalize their troubled financial ...
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Greece’s Controlling Parties Thrashed–Reuters

Posted: May 6, 2012 at 1:04 pm

Markets may open down across Asia, and then Europe and the US as minority parties appear to have made major gains in Greek elections. The coalition which has run Greece throughout its most ...
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The Limits of Austerity Continue to Be Tested

Posted: March 14, 2012 at 6:47 am

Greece will have to cut another 5.5% in GDP of government spending or miss the budget targets it has set for a bailout. This is according to a European Commission report that ...
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Media Digest (3/14/2012) Reuters, WSJ, NYT

Posted: March 14, 2012 at 6:45 am

Most U.S. banks do well on Fed stress tests, but Citigroup (NYSE: C) does poorly. (Reuters) The prime minister of China says the government will speed up economic reforms to cushion ...
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Greeks March as Spain Misses Growth Targets

Posted: October 5, 2011 at 6:32 am

More bad news from Europe. Spain’s Employment Minister Valeriano Gomez told CNBC that a slow economy almost certainly will cause his country to miss growth targets. About the same time ...
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Another Sign of EU Recession, as Industrial Orders Fall

Posted: August 24, 2011 at 6:39 am

The recession beginning to develop in the EU has shown more signs of accelerating. EuroStat reports that, “In June 2011 compared with May 2011, the euro area industrial new orders ...
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Media Digest (6/30/2011) Reuters, WSJ, NYT, FT, Bloomberg

Posted: June 30, 2011 at 6:19 am

Markets expressed concerned about what the Fed will do as QE2 ends. (Reuters) Lloyd's new CEO may cut 15,000 jobs. (Reuters) Asia will press Lagarde to keep promises she gave ...
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Greece’s Papandreou: Last Man Standing In Bailout Struggle

Posted: June 22, 2011 at 6:27 am

Greek Prime Minister George Papandreou won a vote of confidence in his nation's parliament, but his party has only a handful of representatives to give it a majority. That does ...
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Games Of “Deficit Chicken” Hit US And Greece

Posted: June 20, 2011 at 6:33 am

The US government and Greece each need money, though direct comparisons made between the southern European nation and America are wrong. The US can afford to run a deficit for ...
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