G8 backs Greek euro membership
The leaders of the G8 group of major economies say they want Greece to remain in the eurozone, and commit to promoting growth.
BBC News - Business ... Continue Reading
E. Europe euro hopefuls disorientated by crisis
Published By admin On Saturday, May 19th 2012. Under Business Tags: crisis, disorientated, euro, Europe, hopefuls
LONDON, May 19 (Reuters) - Plans of the few Eastern European
states still trying to join the ailing euro zone are at risk due
to the crisis in the single currency but they insist the bloc
should stick to its original rules instead of altering them for
countries like Greece.
Reuters: Company News ... Continue Reading
Gold Climbs a second day on Euro concerns
Published By admin On Saturday, May 19th 2012. Under Forex Tags: climbs, Concerns, euro, Gold, Second
Gold gained for a second day in New York as concern Europe’s sovereign-debt crisis is worsening spurs demand for the metal as a protection of wealth.
The euro reached a four-month low versus the dollar after Fitch Ratings downgraded Greece’s long-term credit rating, citing heightened risk that the nation may not ... Continue Reading
US Banks Up Insurance Sales On Euro Debt
Published By admin On Saturday, May 19th 2012. Under Forex Tags: Banks', debt, euro, insurance, sales
U.S. banks increased sales of protection against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the last quarter of 2011 as the European debt crisis escalated.
Guarantees provided by U.S. lenders on government, bank and corporate debt in those countries rose 10 percent from the previous ... Continue Reading
Euro row brews as G8 summit opens
Claims that Germany's chancellor suggested debt-stricken Greece should reconsider its place in the eurozone spark a row as the US hosts G8 leaders.
BBC News - Business ... Continue Reading
Euro zone fears propel dollar, global shares in red for year
Published By admin On Friday, May 18th 2012. Under Business Tags: dollar, euro, fears, global, Propel, shares, Year, zone
LONDON (Reuters) - The U.S. dollar climbed, world shares fell and German borrowing costs hit record lows on Friday as a deepening Spanish banking crisis, uncertainty about Greece's future in the euro zone and lackluster U.S. data provoked a rush for safe-haven assets.
Reuters: Business News ... Continue Reading
Assessing the Odds of a Greek Euro Exit
Published By admin On Friday, May 18th 2012. Under Featured Tags: assessing, euro, Exit, Greek, odds
Despite intensifying drama, Greece could still end up sticking with the euro
BusinessWeek.com -- Top News ... Continue Reading
A $1Trn question: Will Greece exit euro?
Published By admin On Friday, May 18th 2012. Under Business Tags: $1Trn, euro, Exit, Greece, Question
The once-taboo topic of Greece's exit from the common currency is now being openly discussed. The country is now deep in financial and political crisis. So what is next?
CNN.com - Business ... Continue Reading
Greece gets Cabinet, euro exit fears swirl
Published By admin On Thursday, May 17th 2012. Under Business Tags: Cabinet, euro, Exit, fears, gets, Greece, swirl
Cabinet ministers in Greece's interim government were sworn in Thursday, as the country grapples with a political and economic crisis that could have effects far beyond its borders.
CNN.com - Business ... Continue Reading
GLOBAL MARKETS-Spreading euro zone fears send shares lower
Published By admin On Thursday, May 17th 2012. Under Business Tags: euro, fears, global, lower, MARKETSSpreading, send, shares, zone
LONDON, May 17 (Reuters) - The euro slipped to near
four-month lows and European shares extended their losing streak
on Thursday, as investors avoided riskier assets due to the
deepening turmoil in Greece and fears of contagion spreading to
other stressed euro zone economies.
Reuters: Company News ... Continue Reading
