Eurozone Data Indicate ‘New Recession’: Markit
Factories saw demand fall and countries saw unemployment rise from July through September as Markit Economics said the activity—or, rather, lack of it—indicated a “new recession.”
Southern Eurozone’s Woes Simmer On
Despite a weekend bailout for Spain’s banking sector that was meant to reassure investors, markets continued to punish the southern eurozone.
Investors Say No to Greek Bond Restructuring
Investors holding Greek sovereign debt issued under foreign laws and denominated in dollars, euros, Swiss francs and yen said no to a Greek restructuring plan, leaving the country to find another way through its debt maze as it seeks to avoid outright financial collapse.
Ireland to Use Bond, Not Cash, to Make Payment
Ireland will make a scheduled payment of 3.1 billion euros to the Irish Bank Resolution Corp. at the end of March with a bond, not with bailout cash.