ECB signals may buy euro zone bonds
In the latest move to contain the euro zone crisis, ECB President Mario Draghi indicated that any intervention would not come before September - and only if governments activated the euro zone's bail-out funds to join the ECB in buying bonds. "The Governing ...
BNP Paribas: Euro Zone Exposure a Worry, Though Restructuring Pleases
Wall Street Journal (blog)
On the plus side, the bank proved that it had come a long way with its far-reaching restructuring plan launched last year when it found itself in the eye of the euro zone debt storm alongside fellow French banks Société Générale and Credit Agricole. It has now ...
Eurozone crisis: ECB's Draghi disappoints markets
The Statesman Online
European markets have fallen after the European Central Bank president Mario Draghi said the bank would come up with ways to assist struggling eurozonecountries "over the coming weeks". Analysts had been hoping for more details and immediate action.
The Statesman Online
Between euro zone and Middle East, Turkey shines
LONDON Aug 2 (Reuters) - Turkish stock and bond markets have delivered world-beating returns this year to investors who have come to see Istanbul as an oasis amid the escalating political tensions of the Middle East and the crisis in recession-hit Europe.
US raises pressure for euro zone crisis action
Geithner urges action to lower interest rates. * Obama welcomes European promises to preserve the euro. * Conflicting pressures on Draghi on eve of ECB meeting. * German minister says market pressure vital for reform. * Bundesbank's Weidmann: govts ...
Eurozone periphery banks lead declines
European stocks fell after Mario Draghi's press conference remarks. Banks on the eurozone'speriphery and in France led declines, just as they led the index higher in the wake of the ECB president's comments last week. Crédit Agricole was off 8.0 per cent to ...
ECB's eurozone crisis remedy runs into German resistance
Mario Draghi outlined plans on Thursdayfor the European Central Bank and the eurozone's two bailout funds to go on a bond-buying spree to cut the rocketing costs of borrowing for Spain and Italy, but ran into stiff German resistance to his campaign "to do ...
Spain, Italy meet on eurozone crisis
Spain, Italy meet on eurozone crisis. Spain's Prime Minister Mariano Rajoy, right, and Italy's Prime Minister Mario Monti, left, leave after a press conference at the Moncloa Palace in Madrid, Spain, Thursday, Aug. 2, 2012. (AP Photo/Andres Kudacki) ...
Eurozone crisis: We've got all the time in the world - Mail Online ...
By Mary Ellen Synon
Mario Draghi, president of the European Central Bank, has just finished his press Draghi dm II conference. The markets have been waiting for this ever since Draghi wound them up with a speech last week in London in which he promised to ...
Mail Online - M E Synon's blog
Eurocrisis: The Fed Says "Wait and See" | Care2 Causes
By Kristina Chew
While expressing rising concern about the US's fragile economic recovery -- which has not been helped by the crisis in the euro zone-- the US Federal Reserve will not be launching a third round of hoped-for quantitative easing (QE3).
Robert Shiller Explains the Financial Crisis in One Paragraph ...
By Cullen Roche
The following comes from Shiller's recent interview in Social Science Space. It's one of the most concise explanations of what happened and why most economists missed it: “Robert Shiller: That's right; well conventional economics ...
Euro-zone Quarantining PIIGS Against Catching Spanish Flu :: The ...
These bond-holders include French banks, German banks, and assorted pension funds. The owners of those institutions will take significant hits on their net worth. Mario Draghi, the head of the European Central Bank, bellied up to the bar on ...
The Market Oracle
Euro zone adds barrier to Sony's revival hopes – Reuters | The Wall ...
Irish TimesEuro zone adds barrier to Sony's revival hopesReuters* Sony sees 77.2 percent slide in Q1 operating profit * Hirai faces challenge of guidi...
The Wall Street Examiner