Posted on July 4, 2011 by
WELLINGTON – New Zealand has strong reason to fervently hope that debt-laden Greece never goes bankrupt as a fresh crisis in global financial markets would be a real blow to recovery for the earthquake-hit country.
Continue ReadingPosted on June 17, 2011 by
Spanish public debt hit a 13-year high in the first quarter of 2011 and shattered a key European Union ceiling designed to ensure strong state finances, Bank of Spain figures showed Friday.
Continue ReadingPosted on January 24, 2011 by
It is now far more likely that the I.M.F.
Continue ReadingPosted on December 23, 2010 by
The European sovereign debt crisis of 2010 appears to be geared up to spill over in 2011. Initial concerns led to the widening of bond yields of European Union members such as Greece and Ireland, and contagion threatens to cause further turmoil in the year ahead.
Continue ReadingPosted on September 24, 2010 by
U.S. insurers added corporate and foreign debt at the slowest pace since 2008 in the second quarter and hoarded cash as yields fell on company-issued bonds and ratings firms downgraded European nations including Greece.
Continue ReadingPosted on August 9, 2010 by
The debt crisis and ensuing recession plaguing Greece has forced the closure of some 15% of businesses in Athens.
Continue ReadingPosted on July 6, 2010 by
Oh, and the haircut assumed by the ECB on sovereign debt in its stress tests?
Continue ReadingPosted on June 14, 2010 by
The recent financial crisis in Greece has led to a lot of discussion about whether the United States might one day have a public debt so large that default becomes a real possibility. While the sort of problem Greece is experiencing is …
Continue ReadingPosted on June 4, 2010 by
The European bailout of Greece may have prevented “catastrophic” results but Europe needs to take further action to resolve the region’s debt crisis, Chrysler Chief Executive Sergio Marchionne said on Thursday.
Continue ReadingPosted on May 11, 2010 by
A panel of experts examines the future of the euro and what Greece and California have in common.
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