Greece Calls New Elections After Coalition Talks Fail
Greece will hold new elections after the three major parties and President Karolos Papoulias failed to form a governing coalition that could agree on how to handle the country's debt burden.
High-Quality Bonds in 2011 Saw Best Performance Since 2002: LPL’s Valeri
High-quality bonds in 2011 posted their strongest returns since 2002, even better than in 2008 when Treasury prices soared, says LPL Market Strategist Anthony Valeri.
Austria Stable at AAA: Moody's
Moody's kept Austria's credit rating stable at AAA on Friday, but warned about the effects of the debt crisis not just on Austria but also on other euro zone countries.
RBC Capital Markets Expects Further ECB Rate Cuts
The European Central Bank lowered interest rates and extended its liquidity provisions, demonstrating that it's “willing to go far when acting within its core mandate,” RBC Capital Markets wrote in its weekly research paper, "Global Directions," on Friday.