South Korea Sees Third Rating Upgrade
South Korea was given its third debt rating upgrade in less than three weeks as Standard & Poor’s raised it one step to A+, citing a lower risk on the Korean peninsula after a “smooth” change in leadership in North Korea.
ECB Battle: Draghi vs. Weidmann
ECB President Mario Draghi is challenging Bundesbank President Jens Weidmann’s opposition to a plan for the ECB to reenter the bond markets.
Draghi’s Dilemma: ‘Whatever it takes’ Could Alienate Fellow ECB Members
Mario Draghi, president of the ECB, may have painted himself into a corner with his London speech on Thursday promising to do “whatever it takes” to rescue the euro.
Europe’s Crisis Focus Shifts From Greece to Spain
Concerns eased a bit over the possibility of a Greek exit from the euro zone as Saturday polls showed rising support for pro-bailout parties in that country. But attention turned to Spain as earlier estimates of funding needed for a bailout of its largest bank looked to be seriously undervalued.
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.
U.K. in Double-Dip Recession
For the first time since the 1970s, the U.K. is in a double-dip recession. A construction slump added to a fall in GDP in Q1.
Eurozone Teetering on Break Up: Banks, Ratings Agencies
All of Europe's credit ratings could be in danger from the escalating debt crisis, Moody's Investors Service said on Monday, and both banks and ratings agencies said that the euro zone itself is in danger of breaking up.