New Italian Prime Minister Creates Uncertainty for Investors
Italy could be in for a bit of a rough ride thanks to the resignation of its longest-serving president, Giorgio Napolitano.
Bundesbank Warns Greece as E.U. Leaders Meet
Germany’s Bundesbank warned Greece on Wednesday that if it failed to carry through with reforms it had previously agreed to, it would jeopardize any further aid funds.
Global Economy at Risk: OECD
According to the OECD, the euro zone debt crisis threatens not just Europe, but the world economy itself.
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.
Mobius Picks Best Emerging Markets, as G7 Growth Slows
The OECD issued a negative outlook for the major industrialized economies, but noted that emerging economies remained strong. While Mark Mobius, emerging markets guru, told investors where specifically they could grab on to that growth.