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Eurozone Crisis

Bonnie Kavoussi

S&P Downgrades France And Italy As Investors Avoid Eurozone | Bonnie Kavoussi | Posted 01.14.2012 | Business

Standard & Poor's Ratings Services slashed the credit ratings of nine eurozone countries on Friday, marking a deterioration in confidence in the troub...

The Possible Winners Of A Plan To Slash Greece's Debt

Reuters | Posted 03.14.2012 | Business

* Funds positioned for talks to succeed or fail * Part bank-owned funds among the players * Size of fund holdings may de...

Greek Official: Greece May Need More Money If Bond Swap Fails

Reuters | Posted 03.13.2012 | Business

By Lefteris Papadimas and George Georgiopoulos ATHENS, Jan 12 (Reuters) - Time is running short to clinch a deal on a voluntary debt e...

Geithner: Eurozone Needs A 'Firewall' To Prevent Crisis From Spreading

Reuters | Posted 03.13.2012 | Business

TOKYO, Jan 12 (Reuters) - Europe is making progress in resolving its two-year-old sovereign debt crisis, but creating a "firewall" around the euro z...

How The Italian Mafia Is Winning Big In The Euro Crisis

Reuters | Posted 03.11.2012 | Business

* Extortionate lending a "national emergency" * Organised crime has annual turnover of 140 bln euros By James Mackenzie ...

Fess Up! SEC Pushes Banks To Disclose Europe Exposure

The Huffington Post | Bonnie Kavoussi | Posted 01.09.2012 | Business

Regulators are asking American banks to stop glossing over their vulnerability to the crisis in Europe. The Securities and Exchange Commission issu...

Latest Eurozone Data 'Has Recession Written All Over It'

The Huffington Post | Bonnie Kavoussi | Posted 01.06.2012 | Business

The number of unemployed people in the eurozone reached its highest level since the creation of the euro in 1999, according to The Financial Times, st...

Is the Euro Crisis a Financial Re-Run of the 1956 Suez Debacle?

Jean Ergas | Posted 03.06.2012 | Business
Jean Ergas

It is high time for Europe, like the UK was forced to do in 1956, to face up to the fact that the world has changed.

Bank's Bold Program Not Working, Raising Credit Crunch Concerns

The Huffington Post | Bonnie Kavoussi | Posted 01.05.2012 | Business

The European Central Bank's generous lending to banks is not boosting liquidity in the European economy as much as intended, according to a leading Fr...

Bonnie Kavoussi

Lost In Translation? The Latest Troubling Indicator From Europe | Bonnie Kavoussi | Posted 01.04.2012 | Business

An increasing number of workers in the troubled Mediterranean countries of Italy, Spain and Greece are having their resumes translated into English an...

Banks' Hoarding At ECB Hits Record, Signaling Lending Fears Still Loom

Reuters | Posted 03.04.2012 | Business

FRANKFURT, Jan 4 (Reuters) - Commercial banks' overnight deposits at the European Central Bank hit a new record high of 453 billion euros, data show...

Stalling Out: Eurozone Crisis Spreads To France As Car Sales Decline

The Huffington Post | Bonnie Kavoussi | Posted 01.03.2012 | Business

Fewer French people bought cars in 2011, the latest indication that the European economic crisis is taking a toll on the continent's second largest ec...

German Finance Minister: Euro 'A Clear Success Story'

Reuters | Posted 03.02.2012 | Business

Policymakers marked the 10th anniversary on Sunday of the introduction of euro notes and coins by urging governments in the currency bloc to save and ...

2012: The Year Europe May Prove Politics and Economics Are the Same -- and Broken

Joe Trippi | Posted 03.01.2012 | World
Joe Trippi

As the end of 2011 neared, I looked at the Eurocrisis from a political perspective and concluded that the political system is incapable of solving the problem and probably will fail to do so. The markets will, sooner or later, figure this out.

LIVE UPDATES Italian Short-Term Debt Costs Half At Auction, But Concerns Still Loom

Posted 12.28.2011 | Business

MILAN (Reuters) - Italian short-term debt costs halved at auction on Wednesday as a new package of budget austerity and an injection of cheap long-ter...

Japanese Officials: Europe Should Boost Its Rescue Fund

Posted 12.26.2011 | Business

TOKYO (Reuters) - Europe should boost the total firepower of its rescue fund and frontload its funding to send a positive signal to investors and inte...

ECB Official Hints At More Help If Economy Worsens

Posted 12.24.2011 | Business

MILAN (Reuters) - European Central Bank Governing Council Member Ignazio Visco said in a newspaper interview on Saturday that the bank will be attenti...

Bonnie Kavoussi

Crunch Time: Bank Downgrade, Credit Squeeze Signal Possible Return To 2008 | Bonnie Kavoussi | Posted 12.15.2011 | Business

The situation in Europe is hitting global credit markets, making it harder for companies and banks to secure loans. Investors are buying fewer corpora...

Credit Raters and the Conventional Wisdom

Robert Teitelman | Posted 02.14.2012 | Business
Robert Teitelman

There is no way to "fix" the credit raters, just as there is no way anyone in his right mind believes that the price of a stock today will last more than a few minutes.

European Crisis: Pressure For More ECB Action After Summit Falls Short

Posted 12.14.2011 | Business

PARIS/FRANKFURT (Paul Taylor and Paul Carrel) - Pressure mounted on Wednesday for the European Central Bank to intervene more decisively after financi...

Bonnie Kavoussi

Banks At Risk As Crisis Drags On | Bonnie Kavoussi | Posted 12.12.2011 | Business

Concerns about a global slowdown sharpened on Monday as markets cast a vote of no confidence in Europe's leaders. Economists and analysts expressed wo...

Hints Europe's Crisis May Already Be Taking Toll On Corporate America

Posted 12.10.2011 | Business

NEW YORK (Caroline Valetkevitch) - On top of euro zone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in t...

Bonnie Kavoussi

New European Treaty Won't Solve Immediate Crisis | Bonnie Kavoussi | Posted 12.09.2011 | Business

The agreement European leaders reached Thursday night was taken by some as a sign that the eurozone would avoid breakup. Not so fast. Economists, poli...

Europe's Currency Union: A Bad Marriage That May Have To End

Peter S. Goodman | Posted 02.08.2012 | Business
Peter S. Goodman

The European currency union has become like a bad marriage whose deep-seated problems have burst embarrassingly into public view, while the beleaguered partners stay together for the sake of the children. Maybe it's finally time for the unhappy couple to own up to the fact that they were never meant to be together.

Bonnie Kavoussi

The Next Bank Bailouts | Bonnie Kavoussi | Posted 12.09.2011 | Business

The bank bailouts of 2008 created a firestorm of public anger in the United States. Now European leaders are trying to avoid the same fate. It's not l...