Italy Next, Austrian Minister Says
Mere days after Spain received a bailout deal, wary investors and some eurozone officials turned their attention to Italy, proving that contagion fears are far from soothed.
Greece Should Remain in Eurozone: G8
Greece should remain in the eurozone despite its financial woes, according to a communique issued by the G8 gathering at Camp David during the weekend.
Fellow Advisors, All Your Models Are ‘Garbage’: John Mauldin
After the developed world, and eventually even the U.S., deleverages, asset allocation models can be brought back. Is France the next Greece, or is it Japan?
Inflation ETFs Unveiled
ProShares launched the ProShares 30 Year TIPS/TSY Spread (RINF) and the ProShares Short 30 Year TIPS/TSY Spread (FINF).
Greek-German Relations Strained in Debt Negotiations
Germany's get-tough attitude toward Greece, echoed by Austria, Finland and the Netherlands, has angered Greek officials who say they have done everything they were asked to do in order to be granted a second bailout by the troika of the European Union, International Monetary Fund and European Central Bank.
S&P Cuts EFSF Rating
Standard & Poor's followed up its mass cuts to the credit ratings of eurozone countries on Friday with a cut in the credit rating of the European Financial Stability Facility on Monday. EFSF officials said that nonetheless the facility was well enough funded to cope with the eurozone debt...
Why You Should Care About the Greek Crisis
Greek default fears are starting to infect Germany and its banks, which have significant holdings of Greek sovereign debt. And the infection is spreading to the U.S. because of close connections between U.S. and German banks.
Plan to Rescue German Banks Stokes Fears of Crisis
New German government plans to rescue its banks and insurers sent the clearest signal yet that a European banking crisis could be imminent.
German Court Tosses Out Challenges to Greek Bailout
Court challenges to Germany’s participation in the European Financial Stability Facility were thrown out on Wednesday, although the country’s top court warned that it was not granting “blanket” approval, and that the government must seek parliamentary approval for future bailout payments.
German Cabinet Approves Bigger Rescue Fund
The members of German Chancellor Angela Merkel’s Cabinet gritted their teeth and passed a measure on Wednesday that would provide for a larger rescue fund in response to the euro zone debt crisis.