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Posts related to ‘Eurozone’

Germany Set to Approve Bailout Fund Purchases of Sovereign Debt

Posted: June 19, 2012 at 2:11 pm

In a reversal that was bound to come sooner or later, German Chancellor Angela Merkel is reportedly ready to agree to allow the Eurozone’s European Financial Stability Fund (EFSF) and ...
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Portugal Downgrade? Rolling Debt Problems Across Europe

Posted: December 21, 2010 at 4:43 am

Sovereign debt downgrades are usually a self-fulfilling prophecy. Moody's or another agency threatens a downgrade or actually makes one. This causes the country which faces the action to explain to ...
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Japan Election: The First Blow To Global Austerity Plans

Posted: July 12, 2010 at 5:17 am

The ruling Japanese party, the Democratic Party of Japan (DPJ), lost its control of the upper house of the nation's legislature. The results may make it harder for the DPJ ...
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Moody’s May Downgrade Spain’s Aaa Rating, Contagion Rules

Posted: June 30, 2010 at 6:41 pm

There is another reason for the embattled euro to sell off. Moody's says it may downgrade Spain's debt which currently has an Aaa rating. The agency said, "Moody's decision to ...
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Eurozone Banks Have $727 Billion Exposure To Weak EU Nations

Posted: June 14, 2010 at 4:53 am

International banks headquartered in the Eurozone have $727 billion in exposure to debt from Greece, Spain, Portugal, and Ireland. The is 62% of the exposure to banks worldwide, according to ...
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Japan Fears That It Is Next Greece

Posted: June 11, 2010 at 5:40 am

Japan could be the next Greece, at least according to its new prime minister who use to be the nation's finance minister. "It is difficult to sustain a policy that ...
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More Concern The Global Banks Could But Hurt By EU Finances

Posted: June 6, 2010 at 7:57 am

There has been speculation that banks outside Europe could be badly damaged by the default of debt by several EU sovereign nations or the collapse of banks within their boarders. ...
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Markets Collapse Across Asia And Europe

Posted: May 25, 2010 at 3:56 am

Concerns about finances in the Eurozone, a further sell-off of the euro, and worries about a new war on the Korean peninsula drove down stocks across Asia. Indices in China ...
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Greek Economy Will Not Recover Until 2017

Posted: May 18, 2010 at 11:05 am

Former Bank of England executive David G. Blanchflower said that a second bailout package for Europe in inevitable. He told Bloomberg, the Eurozone faces the euro’s “unstoppable” decline until it is at parity ...
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Very Little For Germany In A United Europe

Posted: May 12, 2010 at 5:59 am

The head of the IMF, Dominique Strauss-Kahn, has encouraged European nations to join forces more closely by aligning their economies more tightly to combat future disasters like the Greek debt crisis. ...
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European Bailout Loses Support As Analysts See Flaws

Posted: May 11, 2010 at 5:04 am

Global markets have begun to reject the value of the nearly $1 trillion facility set up by Eurozone nations, the IMF, and the European Central Bank. The influx of capital was ...
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Why The DJIA Will Renew Its Assault On 12,000

Posted: May 6, 2010 at 7:12 pm

The DJIA will once again begin its move toward 12,000 after the market collapse of the last several days. The quick drop of almost 1,000 points on May 6 seems to have been due ...
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Greek Bailout Set, Papandreou Faces Challenges To Remain Premier

Posted: May 2, 2010 at 9:24 am

The Eurozone nations and IMF have bailed out Greece to the tune of more than $146 billion dollars, and Greece faces budget cuts of $40 billion over the next three years ...
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Spanish Unemployment Moves Above 20%, Europe Numbers Not Credible

Posted: April 29, 2010 at 5:00 am

Spanish unemployment was higher than estimated in the first quarter which means that its credit crisis may be getting worse more quickly then believed. Information from Spanish newspaper ABC.es and ...
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How The Greek Debt Problem Can Be Fixed

Posted: April 28, 2010 at 5:19 am

Update: The German opposition Green Party said that the Greek bailout could cost 120 billion euros. The yield on Greek two-year bonds rose to 13.5% as S&P cut the credit rating ...
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