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Posts related to ‘Greece’

S&P May Downgrade Greece

Posted: December 2, 2010 at 8:51 pm

Global capital markets investors are bound to once again take a dim view of the future stability of the eurozone. S&P has warned that is may downgrade the sovereign debt ...
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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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Greek Strike Resume: Another Threat To GDP

Posted: June 29, 2010 at 6:21 am

Greek unions stages another series of strikes over austerity plans. It leads to the question of whether labor slowdowns will cut GDP by harming tourism and other key industries. If ...
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The Greeks Sell Their Treasures To Finally Pay Their Debts

Posted: June 24, 2010 at 10:50 pm

There have been rumors for several months that the Greek government might have to resort to selling the Acropolis to pay some of its staggering national debt. That was almost ...
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Moody’s Downgrades Greece To Junk

Posted: June 14, 2010 at 1:47 pm

Moody's downgraded Greek debt to junk. Moody's Investors Service has today downgraded Greece's government bond ratings by four notches to Ba1 from A3, reflecting its view of the country's medium-term ...
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Germany’s Merkel Tests Europe’s Financial Resolve, Again

Posted: June 10, 2010 at 4:42 am

Germany's Chancellor Angela Merkel seems keen on asserting her nation's political and financial power in the EU, or she wants to see the region's $1 trillion rescue package fail. In ...
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Global Financial Crisis Risks Move From Credit To Politics As Japan’s Prime Minister Resigns

Posted: June 1, 2010 at 9:34 pm

The causes of the global financial crisis of 2008 were almost entirely flaws in the credit system based on leverage, exotic financial instruments, and a sharp drop in American ...
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Are $50 Billion In Budget Cuts By EU Members Too Little?

Posted: May 25, 2010 at 4:46 am

Many EU nations have disclosed plans for budget cuts as part of the trend toward austerity that has swept the region. The frugality is understandable. In the eyes of the ...
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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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Greek PM Say US Banks Will Be Investigated

Posted: May 16, 2010 at 7:33 am

Greek Prime Minister George Papandreou said his country would investigate what role American investment banks played in damaging his nation's ability to raise money. His theory appears to be that the ...
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Riots About To Move From Greece To Spain

Posted: May 12, 2010 at 11:18 am

Recently, Greece decided to cut pensions for its public workers as part of the austerity program  developed to bring its deficit from 13% of GDP to 3% in three years ...
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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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Moody’s Could Still Cut Greece To “Junk”

Posted: May 10, 2010 at 3:07 pm

The $1 trillon EU bailout package has not fooled the keen analysts at Moody's--the same organization that helped bring the world the mortgage-securities catastrophe. The ratings agency clearly thinks that ...
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ECB Can’t Buy Sovereign Bonds

Posted: May 7, 2010 at 1:59 pm

After ECB President Trichet declined to get his agency involved in the liquidity crisis among the Eurozone region, fixed income of sovereigns in the area collapsed. Economists faulted Trichet and said that if ...
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