Posts Tagged: politics
MOODY’S SLASHES ITALY BY 2 NOTCHES
Moody’s just downgraded Italy’s govenment bond rating to Baa2 from A3, a two notch downgrade. And the outlook remains negative. They gave two reasons for the move: “Italy is more likely to experience a further sharp increase in its funding costs or
MOODY’S SLASHES ITALY BY 2 NOTCHES
Moody’s just downgraded Italy’s govenment bond rating to Baa2 from A3, a two notch downgrade. And the outlook remains negative. They gave two reasons for the move: “Italy is more likely to experience a further sharp increase in its funding costs or
Paul Krugman: The Euro Crisis Will End With Something ‘Impossible’ Happening
In an exclusive interview, Paul Krugman — who just published a new book titled End This Depression Now! — tells us how the Euro crisis will end. He basically sees two possible outcomes, both of which are “impossible.” One possibility is that
Paul Krugman: The Euro Crisis Will End With Something ‘Impossible’ Happening
In an exclusive interview, Paul Krugman — who just published a new book titled End This Depression Now! — tells us how the Euro crisis will end. He basically sees two possible outcomes, both of which are “impossible.” One possibility is that
Any Renegotiating You Can Do, I Can Do Better.
Greek politicians appear to have come up with a cute little game. It may as well be called “Any Renegotiating You Can Do, I Can Do Better.” When he was leader of the conservative opposition, Antonis Samaras liked to attack
Any Renegotiating You Can Do, I Can Do Better.
Greek politicians appear to have come up with a cute little game. It may as well be called “Any Renegotiating You Can Do, I Can Do Better.” When he was leader of the conservative opposition, Antonis Samaras liked to attack
Coalition leaders agree to bring forward bailout renegotiation
Fotis Kouvelis is seen leaving the Maximos Mansion following a meeting with coalition partners Antonis Samaras and Evangelos Venizelos. The leaders of the three parties that form Greece’s coalition government agreed Wednesday to speed up the process by which Athens
Coalition leaders agree to bring forward bailout renegotiation
Fotis Kouvelis is seen leaving the Maximos Mansion following a meeting with coalition partners Antonis Samaras and Evangelos Venizelos. The leaders of the three parties that form Greece’s coalition government agreed Wednesday to speed up the process by which Athens
Italy Faces ‘War’ in Economic Revamp, Monti Warns
Prime Minister Mario Monti said Italy faced a “war” at home and abroad as his government pushes to revamp the euro-zone‘s third-biggest economy and extricate it from the region’s debt crisis. The premiere’s remarks at a banking conference in Rome
Italy Faces ‘War’ in Economic Revamp, Monti Warns
Prime Minister Mario Monti said Italy faced a “war” at home and abroad as his government pushes to revamp the euro-zone‘s third-biggest economy and extricate it from the region’s debt crisis. The premiere’s remarks at a banking conference in Rome
Portugal’s Leader Won’t Soften Austerity
Portuguese Prime Minister Pedro Passos Coelho vowed to push ahead with the government‘s plan to revamp the small country‘s economy despite calls from opposition lawmakers to renegotiate terms of its €78 billion ($97 billion) bailout. “The big objectives that the
Portugal’s Leader Won’t Soften Austerity
Portuguese Prime Minister Pedro Passos Coelho vowed to push ahead with the government‘s plan to revamp the small country‘s economy despite calls from opposition lawmakers to renegotiate terms of its €78 billion ($97 billion) bailout. “The big objectives that the
Madrid Austerity Plan Boosted to $80 Billion
Associated Press A demonstrator bleeds during a coal miners‘ march on Wednesday to the Ministry of Industry building in Madrid to protest huge cuts in subsidies. Miners walked nearly three weeks from their pits to the capital. MADRID—Spanish Prime Minister
Madrid Austerity Plan Boosted to $80 Billion
Associated Press A demonstrator bleeds during a coal miners‘ march on Wednesday to the Ministry of Industry building in Madrid to protest huge cuts in subsidies. Miners walked nearly three weeks from their pits to the capital. MADRID—Spanish Prime Minister
Central banker confirms deposits are returning
Greece‘s central bank chief said on Tuesday that bank deposits were returning at a «satisfactory pace» after elections last month reduced uncertainty about the country’s future in the eurozone. “The banks had gone through a difficult period and lost
Central banker confirms deposits are returning
Greece‘s central bank chief said on Tuesday that bank deposits were returning at a «satisfactory pace» after elections last month reduced uncertainty about the country’s future in the eurozone. “The banks had gone through a difficult period and lost
Gov’t, troika in tug-of-war over layoffs
The insistence of Greece’s international creditors, the European Central Bank, European Commission and the IMF — known as the troika — on public sector layoffs is leading to a tug of war with the government, which is focusing on the
Gov’t, troika in tug-of-war over layoffs
The insistence of Greece’s international creditors, the European Central Bank, European Commission and the IMF — known as the troika — on public sector layoffs is leading to a tug of war with the government, which is focusing on the
France’s Borrowing Costs Are Collapsing
Bloomberg A few days ago, France was paying close to 0.6% to borrow money for 2 years. Today: 0.17%. As borrowing costs have re-surged in Spain and Italy, France is seeing major safe-haven flows, the likes of which you normally
France’s Borrowing Costs Are Collapsing
Bloomberg A few days ago, France was paying close to 0.6% to borrow money for 2 years. Today: 0.17%. As borrowing costs have re-surged in Spain and Italy, France is seeing major safe-haven flows, the likes of which you normally
A different perspective 