Allow Greece To Default, Says UBS' Magnus Wall Street Journal By Eva Szalay Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Greece needs to default, European banks have to be protected and the European Central Bank needs to purchase unlimited amounts of Spanish and Italian government bonds to solve the European debt ... | ||
Financial Crisis Timeline: Collapse and Bailout Fox Business 8, 2008, the US Treasury seized control of mortgage giants Fannie Mae and Freddie Mac and pledged a $200 billion cash injection to help the companies cope with mortgage default losses. About a week later the government bailed out American International ... Views from under the Palm The Bank of England moves aggressively in face of a growing global economic disaster-- the eurozone debt crisis is creating “severe strains in bank funding markets and financial markets”. http://www.johnmpoole.com/2011/10/bank-of-england-moves-aggressively-in.html | ||
Worst global financial crisis EVER looms, Bank of England governor says Catholic Online LOS ANGELES, CA (Catholic Online) - King was speaking after the decision by the Bank's Monetary Policy Committee to put £75 billion of newly created money into the UK economy in a last-ditch effort to stave off a new credit crisis and recession. ... | ||
Fitch Cuts Spain, Italy on Contagion Concern; Outlooks Negative San Francisco Chronicle Spain had its foreign and local currency long-term issuer default ratings cut to AA- from AA+, while Italy had the same set of ratings to A+ from AA-, the company said in statements today. The outlook for both countries is negative. ... | ||
Confident Irish leader says country's financial crisis easing as reforms ... Washington Post By AP, DUBLIN — Ireland's prime minister says his country's perilous financial position has greatly improved in recent months. Enda Kenny told the Global Irish Economic Forum on Friday that tax revenues for this year are slightly ahead of target and ... | ||
Greece Finds Itself in Default Mode Wall Street Journal (blog) By Costas Paris A slew of comments this week by the EU and the International Monetary Fund that private holders of Greek debt may need to fork out more money in Greece's yet-to-be-approved second bailout package is the clearest indication yet that the ... | ||
Moody's: Corporate Default Rate Falls To 1.8% In 3Q Wall Street Journal The trailing 12-month global speculative-grade default rate declined in the third quarter from both the previous quarter and year, according to a recent report from Moody's Investors Service, which also warned its default forecasts have begun to ... | ||
Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show BusinessWeek Oct. 7 (Bloomberg) -- The cost of insuring against default on European corporate debt rose, reversing an earlier decline, according to traders of credit-default swaps. Contracts on the Markit iTraxx Crossover Index of 50 companies with mostly ... | ||
Portuguese fearful, hoping to escape Greek contagion Reuters While many are fearful and pessimistic, there is also a growing resolve to avoid making the same mistakes as Athens and to shield Portugal from contagion. That could be crucial if, as many economists predict, Greece defaults on its debts. ... | ||
Bright side of financial crisis is bargains in European stocks New Zealand Herald Some of the most distressed European markets have come close to retesting their lows from the 2008-09 credit crisis. Yet while investors pull money out of equities and run full-tilt away from risk, managers such as Marcus say the buying opportunities ... | ||
Greenspan: Greece to Default in Dangerous Europe NewsMax.com "If they cannot address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system," IMF adviser and Harvard economist Robert ... | ||
Insurers can manage a Greek default-EU watchdog Reuters FRANKFURT Oct 7 (Reuters) - Europe's insurers look strong enough to handle a Greek defaultshould it occur, the chairman of EU insurance watchdog EIOPA told a German newspaper. "Some insurers already wrote down their Greek exposure to market value when ... | ||
German vice chancellor rules out Greece default Xinhua By Maria Spiliopoulou ATHENS, Oct. 7 (Xinhua) -- Default is out of the question for Greece, German Vice Chancellor and Economy Minister Philipp Roseler said on Friday during a visit to Athens. "Default is not on the table. The issue is the support of ... | ||
EU ministers mull default survival plan UPI.com HELSINKI, Finland, Oct. 7 (UPI) -- EU members are considering a number of steps to prepare the bloc's economies and banks to survive a potential default, leaders said. Among other things, European Commissioner for Economic Affairs Olli Rehn said Friday ... | ||
Bakrie Said to Default on $1.34 Billion Loan, Lenders Negotiate BusinessWeek Bakrie & Brothers, which signed the one-year loan this year with Credit Suisse Group AG and a group of as many as 12 investors, breached two conditions of the loan in the past few weeks, putting the facility into default, said the person who asked not ... | ||
Despite the financial crisis, EU wind power should expect steady growth REVE Speaking at CanWEA's annual conference, Hornung said the wind turbines industry in general can expect a bright future despite the continuing global financial crisis. He said that China is the key global driver of the industry right now while Europe ... | ||
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Greek Debt Crisis Won't Be Over Soon Moneyshow.com For those hoping for Greece to default already, so the markets can take the hit and move on, MoneyShow's Jim Jubak has some sad news. I bet you were thinking—well, maybe hoping is a better word—that this whole Euro thing would be over, because Greece ... | ||
Financial crisis origins, continued Dailyrecord.com Beyond that, a recent study found that loan programs aimed specifically at low-income borrowers have significantly lower default rates than subprime loans in general.” Are you sure, Mr. Skoufis that this article supports your position? ... | ||
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We're Facing Worst Financial Crisis Ever – Bank Of England ... By majestic The Telegraph has the bad news: The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night. Sir Mervyn King was speaking after the decision by the Bank's Monetary ... Disinformation | ||
“That contagion stuff is real” | Moynihan BofA « The Bankwatch By Colin Henderson Bank of America chief executive Brian Moynihan said he is confident the bank can withstand any fallout from the European sovereign debt crisis, even if it hurts the US, Bloomberg reports. “That contagion stuff is real,” Mr Moynihan said during ... The Bankwatch | ||
Eurozone Contagion Is Like An STD. Who Will Get Sick And With ... By Courtney Comstock Rumors about how the European Central Bank (ECB) will or won't resolve the Eurozone crisis — will they or won't they leverage the EFSF (the EFSF is like TARP for the Eurozone), will they let Greece default or not, just to name two of them ... Business Insider | ||
Greece: deflate or default » The Cobden Centre By David Howden The original worry was whether Greece would default. Then it became a question whether it should itdefault. Now it is a question of how it will default. To hazard a guess, I should think that after the wizards of Brussels determine how much of a ... The Cobden Centre | ||
World Facing Worst Financial Crisis In History, Bank Of England ... By Danny Sir Mervyn King was speaking after the decision by the Bank's Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession. Economists said the ... Kevin Trudeau Show | ||
Greek Finance Minister says default out of question - Europe News By XinhuaNET.COM Greek FinMin says default out of question Greek Deputy Prime Minister and Finance Minister Evangelos Venizelos on Tuesday strongly rejected any prospect of a. Siam Daily News Online | ||
BOE's King: World facing biggest ever financial crisis | ForexLive BOE's King: World facing biggest ever financial crisis. By Sean Lee || October 7, 2011 at 01:39 GMT... Europe is in a mess, with the PIIGS insolvent and thereatening the future of the EUR. The US is probably in a worse state than any of them, ... ForexLive | ||
EU ministers mull default survival plan — Clearing and Settlement By RSS Feed HELSINKI, Finland, Oct. 7 (UPI) — EU members are considering a number of steps to prepare the bloc's economies and banks to survive a potential default, leaders said. Among other things, European Commissioner for Economic Affairs Olli ... Clearing and Settlement — Clearing... | ||
Thomas Belesis: Greek Default Unavoidable | USA.GreekReporter ... By Anastasios Papapostolou John Thomas Financial CEO Thomas Belesis, in an interview with Fox Business After The Bell, suggested that it is the right time to be a conservative buyer, USA.GreekReporter.com |