5 Pressures on Russian Economy
Here’s a look at five of the present problems facing the Russian economy.
Investors Watching France’s Economy Closely
Skittish investors have been looking at France with a wary eye for some time. The economy is slow but it is moving.
Is France’s Economy a Surprise Threat to Eurozone?
The “bad boys” of the southern Eurozone, Greece, Spain and Italy, have gotten most of the attention when it comes to a possible Eurozone breakup, but the real threat may lie in an unexpected direction.
French Cabinet OKs EU Fiscal Pact
The pact faces opposition from a public tired of austerity and members of President Francois Hollande’s coalition government who oppose its measures.
Germany Doubles Down on Greece
German officials seem to be backing away from earlier hints that leniency would be possible toward Greece on complying with the budget constraints of its bailout package.
Germany, France Discuss United Front Against Lenience for Greece
Despite Greece's attempt to win additional time to comply with bailout conditions, Chancellor Merkel of Germany and President Hollande of France were discussing ways to send a firm message that Athens must adhere to its original conditions.
Top 10 Countries With Most Millionaires: Capgemini/RBC
Where are today’s HNW individuals most likely to be found? Capgemini/RBC Wealth Management's 2012 World Wealth Report lists the top countries for millionaires.
No Mercy for Greece After Summit: Germany
Although a Wednesday E.U. summit meeting ended with Greece being urged by leaders to remain in the joint currency bloc, Germany did not back down on its stance that Athens must adhere to austerity measures already agreed to.
Spanish Banks Downgraded
Moody’s cut the ratings of 16 Spanish banks, taking Banco Santander and Banco Bilbao Vizcaya Argentaria down three notches each. Fitch, meanwhile, dropped Greece into its lowest level in junk territory.
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.