G20 Fails to Provide Money for Europe
Eurozone leaders were disappointed in their quest to find contributions to the European Financial Stability Facility at the conclusion of the G20 meeting in Cannes, France, on Friday, with all interested nations holding back until more details for the final structure of the beefed-up fund are worked out.
Papandreou Reportedly to Step Down as Greek Prime Minister
Greece's drama on the international stage continued on Friday as a confidence vote, scheduled for later in the day, could end its prime minister's career whatever its outcome. Sources in Athens said that George Papandreou, acknowledging that his call earlier in the week for a referendum on the country's newest...
U.S. Jobs Report Looks Good but Greece Fears Weigh on Markets
An encouraging U.S. jobs report was not enough to give the markets a lift on Friday as worries about Greece’s debt crisis continued to weigh on sentiment.
Five Key Elections for Advisors to Watch in 2012: J.P. Morgan
Advisors need to keep an eye on political elections around the globe next year, says Rebecca Patterson, J.P. Morgan Asset Management’s chief markets strategist.
Euro More Important Than Greece: Eurozone
As eurozone ministers pressured Greek Prime Minister George Papandreou to drop plans for an announced referendum on the country's latest negotiated rescue package, they made their priorities clear at a midnight news conference following a grueling crisis meeting in Cannes. Their pressure apparently worked as Papandreou backed off his call...
Greece Verges on Collapse After Call for Bailout Referendum
Not just leaders of the eurozone, but markets were stunned by the news; Greek prime minister did not notify policymakers before the announcement.
Push for Greek Austerity Vote
Prime Minister George Papandreou pledged to European leaders on a trip to Berlin on Tuesday that Greece would pass the latest round of austerity measures required for Athens to receive the latest round of funding its rescue package.
Greece Worries Set Markets Tumbling
Worries that Greece might default on its mountain of sovereign debt sent global markets steeply downward on Monday, with bank stocks in France leading the plunge.
Greece Sees Second Rescue as Euro Bond
Greece's Prime Minister George Papandreou said that the bond repurchase measure in the country's second bailout amounted to a joint euro zone bond in what he called a move beyond a monetary union for the group of 17 nations sharing a single currency.
Euro Zone Pledges Help for Greece, But Sets No Timetable
Euro zone ministers discuss ways to help Greece out of its debt crisis as fears mount of the spread of problems to Italy and Spain.