Elections Leave Greeks Lacking Coalition, Others Rethinking Austerity
Successful votes against austerity from Greece to France have pushed officials to consider other ways to cope with the debt crisis in the euro zone.
Will Election Results Push Euro Down to Its Fair Value?
Jim O'Neill of Goldman Sachs says a drop to 1.20 euros to the dollar is more likely than not.
Sarkozy, Austerity Are Losers in E.U. Elections
Europe could be in for change, if voters in three different countries over the weekend have anything to say about it.
Europe Tries to Regroup as Spain Falters
Largely ignoring sovereign debt woes in the region, European stocks inside the Vanguard MSCI Europe ETF were ahead by 7.65% this year, as of late April.
Norway Dumps Bonds as Elections Loom
As the possibility of drastic change hovers over France and Greece, with elections to be held Sunday, Norway has warned that Europe is in for a rough ride.
Merkel Won’t Budge, Says Ally
Peter Altmaier, the chief whip of Merkel’s party, said that despite the defeat of the French president in the first round of elections and the fall of the Dutch government, Merkel had not changed her mind about the best way to combat the debt crisis.
Hollande Beats Sarkozy in First Vote
President Nicolas Sarkozy of France finished behind the Socialist presidential candidate, Francois Hollande, in the first round of voting, and polls are predicting strong support for Hollande in the final vote two weeks from now.
French Yields Rise in Advance of Election
France and Spain sold bonds, but yields crept higher despite the evident willingness of investors to buy.
Spain Should Solve Its Own Problems: German Bank Chief
Jens Weidmann, a policymaker at the European Central Bank and head of Germany's Bundesbank, said Spain should look upon its rising bond yields as a signal that it needs to fix its own problems and not look to the ECB for help via bond purchases.
Euro Zone Seeks More IMF Funds
Worries over Spain mean that additional IMF funding might be needed to combat the euro zone debt crisis, which once again is beginning to look out of control.