European Union

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Varoufakis Exit May Ultimately Help Greek Banks

The financial media might have the public tricked into believing that Greece's "no" vote is the end of the euro, but 2015 is a far different year than say 2010. ...
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The Fallout of Greek Shame

OK, so the news out of Greece is about as bad as one can get, short of military involvement. The financial markets are in turmoil, after somehow actually having been ...
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European Stocks Down Almost 4% on Greek Panic

Banks did not open in Greece, although probably every Greek citizen would have taken his money and run. It appears there will be no deal on Greek debt with the ...
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Credit Suisse Starts Liking European Equities More

With the U.S. major stock indexes at or very close to all-time highs, and with stocks valued at a historic premium, many investors have to be wondering if there are ...
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Nationalization Risk Returns in Greek Banks

The only way to describe the situation around Greece's ongoing negotiations with creditors would be to call it a Greek tragedy. Investors keep thinking that Greece is going to strike ...
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11 Ways the EU Could Force Greece Into a Deal

After Greece failed yet again to reach a deal with European leaders, it is time for the Europeans to accept the fact that Greece simply wants out of much of its debt ...
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When Dealing With Greece Becomes Impossible

The situation in Greece literally has become laughable from a non-European's view. Greece's socialist Syriza party and the ministers are very obviously torpedoing every debt repayment and restructuring negotiation effort. ...
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Greece Plunges Back Into Recession

Eurostat released gross domestic product (GDP) figures by country for the first quarter. While the euro area and several countries did well, Greece moved back into a recession, highlighting how ...
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Greece Downgraded by Moody’s

In yet another sign that many experts believe Greece cannot reach an accord with its creditors before if runs out of money, Moody's downgraded its debt from Caa1 to Caa2 ...
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VW Leads Europe Car Sales, Up 9%

The European Automobile Manufacturers Association (ACEA) reported that new vehicle registrations in the European Union rose 8.6% year-over-year in the first quarter of 2015 and were up 10.6% in the ...
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Greek Sovereign Debt Downgraded at S&P

Ratings service Standard & Poor’s has downgraded its long-term and short-term sovereign credit ratings on Greece from B-/B to CCC+/C. The ratings have been removed from CreditWatch, but the outlook ...
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Greece Wants 279 Billion Euros From Germany for WWII Reparations

Greece means to pay its debts in any way possible. At least that could be the conclusion of Greeks pushing for €279 billion in reparations from Germany for actions during ...
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Berkshire Hathaway Finds Cheaper Borrowing Costs in Europe

Berkshire Hathaway Inc. (NYSE: BRK-A) has made some interesting news this week. The conglomerate under Warren Buffett has successfully borrowed over $3 billion in new note and bond offerings. What ...
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WTO to Examine Boeing 777X Subsidies

The World Trade Organization (WTO) agreed on Monday to create a panel to investigate whether the incentives the state of Washington gave to Boeing Co. (NYSE: BA) to build the ...
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Can You Trust the New Higher Growth Forecasts in Europe?

What does a massive round of quantitative easing in Europe, an environment of deflationary pressures and a testing of negative interest rates tell you? It spells an economy in trouble. ...
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