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German finmin: Europe has long way to go to solve crisis | Reuters
Oct 29 (Reuters) – Europe still has a long way to go to solve its crisis, German Finance Minister Wolfgang Schaeuble was cited as saying by a magazine, noting it was key Italy did its homework and...
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Greek deal may imperil sovereign CDS market | Reuters
Oct 28 (Reuters) – The future of the Credit Default Swap (CDS) market — used to hedge against the risk of a country defaulting — may be at risk if these derivative instruments do not pay out after this...
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US Senators to Federal Bank Regulators: Must Ensure Risky Behavior by Banks...
WASHINGTON, Oct. 27 — The office of Sen. Bob Casey, D-Pa., has issued the following news release: Senator Bob Casey (D-PA), Chairman of the Joint Economic Committee, sent letters today to federal...
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Italian Bonds Slide on Contagion Concern; German Bunds Advance – Bloomberg
Bloomberg: Bailout Fund After two crisis summits in four days, European Union leaders agreed on Oct. 27 to increase the bailout fund to 1 trillion euros, recapitalize banks and convince lenders to...
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France, Germany demand quick Greek decision on euro | Reuters
By Emmanuel Jarry and Daniel Flynn CANNES, France (Reuters) – Germany and France pressed Greece on Wednesday to make up its mind fast whether it wants to stay in the euro zone after a shock decision to...
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Greek PM explains referendum vote to furious European leaders | The Salt Lake...
By Greg Keller, Associated Press Cannes, France • Greek Prime Minister George Papandreou flew to the chic French resort of Cannes on Wednesday to explain to his furious European colleagues why he was...
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Greek government faces collapse as lawmakers oppose referendum – video |...
The Greek government is on the brink of collapse over plans for a referendum on a eurozone bailout, with ruling party defections casting grave doubt on whether the prime minister, George Papandreou,...
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EU Leaders to Tell Greece’s Papandreou No Alternative to Cuts
European leaders are to set to tell Greek Prime Minister George Papandreou he has no alternative to the budget cuts imposed in a week-old debt-crisis strategy that they are racing to prevent from...
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Draghi Chooses ECB Rates Over Printing Press as Recession Looms – Businessweek
Nov. 4 (Bloomberg) — European Central Bank President Mario Draghi signaled he’d rather use interest rates than the printing press to bolster growth as the debt crisis drags the euro-area economy toward...
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David Cameron: ‘British economy is getting worse as euro crisis goes...
The British economy is getting worse “every day” that the euro crisis goes unresolved, David Cameron has warned, as he told European leaders that the “world cannot wait” any longer for a rescue package...
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Greece begins talks on emergency gov’t, news, StarAfrica.com
Greece on Saturday was to begin talks on forming an emergency government to drag itself out of political stalemate caused by two years of austerity after Prime Minister George Papandreou won a...
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Crisis-hit Greece faces deadlock over unity government
ATHENS, Nov 5, 2011 (AFP) – Greece was in political deadlock Saturday as the main opposition party resisted Prime Minister George Papandreou’s efforts to form a unity government he said was vital to...
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Europe debt crisis shifting from Greece to Italy
The center of Europe’s debt crisis was rapidly shifting Monday from tiny Greece to far-bigger Italy, threatening to open a dangerous new chapter in the region’s financial turmoil and plunging embattled...
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Greek leaders struggle to agree on new premier | Reuters
By Lefteris Papadimas and Harry Papachristou ATHENS, Nov 8 (Reuters) – Greek party leaders were struggling on Tuesday to agree on a new prime minister, under pressure from the European Union to push...
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SocGen Q3 Profit Declines 31% on Greece – Bloomberg
Societe Generale (GLE) SA, France’s second- largest bank, said third-quarter profit fell 31 percent, hurt by a writedown on Greek sovereign debt and lower trading revenue. The company won’t pay a...
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EU’s Barroso warns about cost of splitting euro zone – chicagotribune.com
BERLIN (Reuters) – Any reduction in the euro zone would exact a significant toll on the region’s economy, the president of the European Commission warned on Wednesday, as he urged Germany to show...
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Dream of United Europe frays at the edges – National News – National –...
At a joint news conference last week, Germany’s Angela Merkel and France’s Nicolas Sarkozy let their guard drop. Asked whether they could rely on Silvio Berlusconi to get Italy’s economy in order, they...
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Italy Senate passes budget, Berlusconi end nigh | World | Reuters
By Barry Moody and James Mackenzie ROME (Reuters) – Italy’s Senate approved economic reforms intended to reverse a collapse of market confidence on Friday, kicking off a rapid transition that will end...
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European bank chief urges action on rescue fund | Reuters
European Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in responding to the...
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Market Leader : News :: Nouriel Roubini names variants of possible eurozone...
Nouriel Roubini, an American economist and a Nobel Prize winner in economics, became world-famous after forecasting the latest global economic crisis. His opinion is respected around the world. In his...
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