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Posts related to ‘Eurozone’

S&P Downgrades Portugal, Greece Cut To Junk

Posted: April 27, 2010 at 11:32 am

In another sign that the sovereign debt problem in Europe could spread beyond Greece, S&P downgraded the debt of Portugal by two levels to A- from A+. Greece's debt was simultaneously cut to ...
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Angela Merkel Begins To Walk Away From Greece

Posted: April 23, 2010 at 12:31 pm

Angela Merkel, Germany's Chancellor, is about to walk away from offering aid to Greece. That will almost certainly lead to Greece's default on its sovereign obligations. Greece does not have ...
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What If Germany Leaves Eurozone?

Posted: April 16, 2010 at 5:06 am

It has only been a month since German Chancellor Angela Merkel suggested that the Eurozone needed a way to eject companies from the alliance if they persistently broke its financial rules. ...
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Greece Pays High Credit Card APR On Sovereign Debt

Posted: March 30, 2010 at 3:39 am

Greece did not have to pay the 21.5% annual interest rate that most Walmart (WMT) credit cards holders do. But, it was close. The southern European nation, which some economists ...
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My Great Big, Fat Greek Bailout

Posted: March 19, 2010 at 4:31 am

The bailout of Greece has come down to a very few options: 1) Germany can bail Greece out because it is the one European nation that can afford to, 2) Germany will ...
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Germany’s Merkel Suggests Greece Could Be Dumped From Eurozone

Posted: March 17, 2010 at 6:38 am

There has been a great deal of speculation that Greece might resign its spot in the Eurozone so that it can use its own currency as a way to handle its ...
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