Posts Tagged: Banking Sector

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Greek Election Leaves Pyrrhic Victory Risk As Aid Talks Near

Greece survived to fail another day, say economists at Royal Bank of Scotland Group Plc and Citigroup Inc. (C) An election result yesterday that defused expectations of an imminent euro exit by Greece left the threat hanging over the global economy and put

/ News

Greek Election Leaves Pyrrhic Victory Risk As Aid Talks Near

Greece survived to fail another day, say economists at Royal Bank of Scotland Group Plc and Citigroup Inc. (C) An election result yesterday that defused expectations of an imminent euro exit by Greece left the threat hanging over the global economy and put

GREXIT: A TRAGEDY IN THREE ACTS

GREXIT: A TRAGEDY IN THREE ACTS en.wikipedia.org Oedipus at Colonus, by Jean-Antoine-Théodore Giroust (1788) NEW YORK (AP) — The unthinkable suddenly looks possible. Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its

GREXIT: A TRAGEDY IN THREE ACTS

GREXIT: A TRAGEDY IN THREE ACTS en.wikipedia.org Oedipus at Colonus, by Jean-Antoine-Théodore Giroust (1788) NEW YORK (AP) — The unthinkable suddenly looks possible. Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its

After Spain, Is Italy the Next Domino to Fall?

The relief in Rome was short-lived. Italian bonds rallied early on June 11, the first trading day after European finance ministers’ weekend agreement on a $125 billion bailout for Spanish banks. But within hours, Italian borrowing costs were creeping back

After Spain, Is Italy the Next Domino to Fall?

The relief in Rome was short-lived. Italian bonds rallied early on June 11, the first trading day after European finance ministers’ weekend agreement on a $125 billion bailout for Spanish banks. But within hours, Italian borrowing costs were creeping back

Goirigolzarri’s Aid Demand Helped Push Spain To Bailout

  Jose Ignacio Goirigolzarri, the man charged with cleaning up Bankia group, helped set Spain on its course to a banking bailout by asking for 19 billion euros ($23.8 billion) in state aid two weeks after becoming chairman. The demand for aid,

Goirigolzarri’s Aid Demand Helped Push Spain To Bailout

  Jose Ignacio Goirigolzarri, the man charged with cleaning up Bankia group, helped set Spain on its course to a banking bailout by asking for 19 billion euros ($23.8 billion) in state aid two weeks after becoming chairman. The demand for aid,

Spanish Bailout Shows Europe Still Doesn’t Get It

The challenge of bailing out Spain’s banks is compelling Europe’s leaders to confront a question they had hoped never to contemplate: How to prevent financial and economic malaise from overwhelming the euro area’s fourth- largest economy.   So far, their actions suggest

Spanish Bailout Shows Europe Still Doesn’t Get It

The challenge of bailing out Spain’s banks is compelling Europe’s leaders to confront a question they had hoped never to contemplate: How to prevent financial and economic malaise from overwhelming the euro area’s fourth- largest economy.   So far, their actions suggest

Spain’s Bailout Boost Quickly Turns to Rout

  Investors fled from Spanish government debt on Monday, an immediate rejection of the country’s planned bank bailout by the constituency it most desperately needs to impress: the buyers of its own government bonds. The market rout puts Spain and

Spain’s Bailout Boost Quickly Turns to Rout

  Investors fled from Spanish government debt on Monday, an immediate rejection of the country’s planned bank bailout by the constituency it most desperately needs to impress: the buyers of its own government bonds. The market rout puts Spain and