Italy is one of the PIIGS, and therefore one of the big troubled spots for investors to keep their eyes on. The good news is that if the hangman is ... Read Full Story »
I already have gone on the record that the taxation of deposits in Cyprus is nothing short of theft. Regardless of a bloated banking system that was in shambles, taking depositors' ... Read Full Story »
It may be the weekend, and the DJIA hit a new high this last week, but there is no such thing as any rest for the wicked. 24/7 Wall St. ... Read Full Story »
What happens when you put a vote out to the people about whether or not their benefits and public spending should be cut to appeal to international creditors? If you ... Read Full Story »
European leaders are taking the aid directly to the banks to stave off any added crisis. The futures in the U.S. are soaring and the markets in Europe are up ... Read Full Story »
The Greek elections went the way that the market participants were initially hoping for, but now the reality is setting in that Greece may ultimately not be able to stay ... Read Full Story »
Trusting anything out of Greece or any of the PIIGS nations is a bit difficult these days. With the weekend coming upon us, Greece is set to be the center ... Read Full Story »
So much for any great help from the ECB, France, Germany, and any other entity being able to help the Euro stay together. Rumors have been out that nations have ... Read Full Story »
The Europeans need to make a decision soon. It is time to deal with Greece, then the markets can decide how they will deal with the Greek banking system. The ... Read Full Story »
National Bank of Greece SA (NYSE: NBG) is not just up this Tuesday. It is up huge on a day where most investors would have assumed it would have been ... Read Full Story »
Fitch has joined in on the European sovereign credit rating downgrades. First it was S&P, but we might argue that this should have mostly been factored in already. Is it ... Read Full Story »
Well, it used to be Greece taking us down daily, but now it is the much larger concern of Italy. The markets were supposed to be cheering that Silvio Berlusconi was ... Read Full Story »
Greece and the rest of the PIIGS were hurting us for so long that it seems hard to believe that the Europeans are setting a 50% haircut for the Greek sovereign ... Read Full Story »
The ratings agencies are at it again. We have noted that the PIIGS will continue to see downgrades and that is what we are seeing today. Fitch downgraded both Italy and ... Read Full Story »
Well, it looks like the Gadhafi family has all but lost Libya to the rebels. Earlier this year when the actions were intensifying, even before the unified strikes against the ... Read Full Story »