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Posts related to ‘Germany’

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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Germany Holds A Gun To Greece’s Head

Posted: April 25, 2010 at 8:12 am

The ministers attending the G20 conference urged the IMF and Eurozone nations to handle the debt situation in Greece as quickly as possible. There is understandable concern that if the capital markets fear ...
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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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Greece Begs

Posted: April 23, 2010 at 6:15 am

Greece  petitioned Eurozone nations and the IMF for the funds necessary to keep it  solvent, according to several media sources. The Eurozone countries have made a "promise" to join the International Monetary ...
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Bad Books Cook Greece (Update 2)

Posted: April 22, 2010 at 6:18 am

The head of the International Monetary Fund said Thursday that the debt crisis in Greece is serious and there would be no "silver bullet" to resolve the issue in an ...
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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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The 300 Billion Euro Greek Problem

Posted: April 14, 2010 at 4:37 am

Greece will have to raise 12 billion euros in the next two months to relieve its sovereign debt obligations and cover deficits. That is a relatively small part of the 54 billion ...
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Germany Will Bail Out Its Banks, Not Greece

Posted: April 9, 2010 at 9:38 am

Greece needs 53 billion in euros to cover its deficit and debt service this year. Germany and France are dragging their feet rather than providing Greece immediate aid, for reasons ...
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ECB’s Trichet: What? Me, Worry

Posted: April 8, 2010 at 7:19 pm

Jean-Claude Trichet, president of the European Central Bank, an agency with almost no power, said that Greece will not default on its debts. It was as if there is some magic ...
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Breaking Greece’s Back: Another S&P Downgrade?

Posted: April 8, 2010 at 10:44 am

The capital markets are already suspicious that Greece will not be able to close a bond support deal with other eurozone countries and the IMF. Ratings agency Fitch told Greece that ...
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Greeks Blow Budget Estimates

Posted: April 7, 2010 at 9:34 am

In what may be a coup de grace to Greece's chance to cooperate with eurozone nations and the IMF to raise money through the sale of sovereign debt by the ...
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The Smart Money Starts To Turn Against Greece

Posted: April 1, 2010 at 9:04 am

The euro zone's IMF bailout of Greece has lost its power to attract the world's capital markets to the debt of the southern European country. The markets, as represented by ...
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Greece Finally Gets Unanimity For Financial Backing, Maybe

Posted: March 25, 2010 at 12:48 pm

German Chancellor Angela Merkel and French President Nicolas Sarkozy have finally decided, after bilateral talks, to allow the IMF to join any bailout of Greece. Dow Jones Newswires reports "The ...
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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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Chinese Solar Stocks Take Off (YGE, JASO, CSIQ, STP, TSL)

Posted: January 26, 2010 at 2:23 pm

Chinese Solar stocks, as measured by Tickerspy's Chinese Solar Stocks Index (*CHSOL), are up over 4.5% today.  The solar sector has performed poorly in recent weeks as a policy shift ...
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