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Eurozone Crisis

Alice Hines

Bare Market: If Europeans Lose Their Shirts, American Retailers May Follow | Alice Hines | Posted 07.18.2012 | Business

In 1961, when Abercrombie & Fitch was still a hunting store, it sold Ernest Hemingway a "Boss," the double-barreled shotgun that he reportedly used to...

Into the Euro Danger Zone

Sean Kay | Posted 01.29.2012 | World
Sean Kay

The Irish people merit a direct discussion of how the next stage of the economic crisis will affect the nation. If the logic behind the Irish bailout no longer applies in systemic terms of contagion prevention, then what should the Irish and others do?

European Consumer Sentiment Hits Lowest Level In Years

Posted 11.29.2011 | Business

BRUSSELS (Robin Emmott) - Worries about the euro zone's debt crisis worsened in November and dragged the European Commission's economic and consumer s...

Greek Official Accused Of Falsifying Budget Data To Make Crisis Look Worse

Posted 11.28.2011 | Business

ATHENS (Reuters) - Greece's statistics chief will testify next month in a criminal investigation into allegations that his office falsified the budget...

Moody's: Crisis Puts EU Sovereign Ratings At Risk

Posted 11.28.2011 | Business

Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all Eur...

What's the Risk From a Country Leaving the Eurozone?

Jared Bernstein | Posted 01.27.2012 | Business
Jared Bernstein

The more we learn about this one, the better. No one knows the likelihood of, say, Greece, to pull an example out of the air, pulling out of the Eurozone and reverting to the drachma. I'd guess not, but the potential is obviously real and growing.

'Awful' Italian Debt Sale Heightens Eurozone Stress

Posted 11.28.2011 | Business

MILAN (Valentina Za) - Italy paid a record 6.5 percent to borrow money over six months on Friday and its longer-term funding costs soared far above le...

German Bond Auction A 'Disaster,' As Investors Fear Crisis Could Spread To Strong Economies

Posted 11.23.2011 | Business

LONDON (Reuters) - A "disastrous" sale of German benchmark bonds sparked fears on Wednesday the debt crisis was beginning to threaten even Berlin, wit...

Banker Power Trumping Democratic Power: The Crisis on Two Continents

David Coates | Posted 01.18.2012 | Politics
David Coates

A crisis of economics has been turned into a crisis of democracy. It is an outrage. If the next decade is not to be lost, it is absolutely vital that, in the clash between money and the people, the people win.

Fitch Concerned By Exposure Of U.S. Banks To European Debt Crisis

Posted 11.17.2011 | Business

Fitch Ratings warned that it may reduce its "stable" rating outlook for U.S. banks with large capital markets businesses because of contagion from pro...

New Greek Leader Looks To Capitalize On Rare Truce To Pass Radical Reforms

Posted 11.13.2011 | Business

ATHENS, Nov 13 (Reuters) - Greece's new prime minister Lucas Papademos will seek to take advantage of a rare political truce on Monday to push through...

The Eurozone: Nation-States With Benefits

Shadi Bushra | Posted 01.08.2012 | College
Shadi Bushra

It's a common issue in romantic relationships in college, where one partner is ready to move forward faster than the other. His or her opposite number...

Eurozone Crisis by the Numbers

Hagit Bachrach | Posted 01.07.2012 | World
Hagit Bachrach

The upheaval in the Eurozone is dominating the G20 agenda, global news coverage, and the attention of uneasy investors. However, it is surprising that...

Sarkozy: Greek PM 'Took The Whole Of Europe By Surprise'

Posted 01.02.2012 | Business

ATHENS (Reuters) - Greece's prime minister faces a grilling from the leaders of Germany and France on Wednesday after fighting to win the backing of h...

Tick-Tock Goes the Developed World's Debt and Derivatives Clock: U.S. National Debt Fast Approaches 15 Trillion!

Lydia Fisher | Posted 12.25.2011 | Business
Lydia Fisher

Chancellor Merkel faces a dilemma. Can you blame the German people for not wanting to bail out the French banks -- where does it end if the Eurozone debt crisis cascades?

Another Bailout for the Banks?

Jeffrey Rubin | Posted 12.06.2011 | Business
Jeffrey Rubin

You might have thought things had changed in world financial markets since the U.S. subprime mortgage disaster. Funny that only three years later, the global financial system seems once again to be teetering on the brink.

Ireland Remains at Heart of Eurozone Trouble

Sean Kay | Posted 12.01.2011 | World
Sean Kay

Ireland does have to do more cuts, it does have to reform its public sector pay scale, and it is going to have to do so in a way that will continue to drive the domestic economy into a deepening downward spiral if it wishes to sustain European support, which it now cannot survive economically without.

3 Years After Lehman Brothers Collapsed, and We Haven't Learned a Friggin' Thing

Jeff Reeves | Posted 11.16.2011 | Business
Jeff Reeves

Americans need loans to start businesses, go to college, buy homes, protect themselves in times of crisis and countless other things. The nation needs to relearn how to use debt as a tool to build and protect wealth, not destroy it.

From "Too Big to Fail" Banks to "Too Big to Default" Nations to What's Next?

Lydia Fisher | Posted 10.19.2011 | Business
Lydia Fisher

We've had financial bubbles before. This one's got a twist though. It's fraught with complexity, scope, depth, widespread fraud and bad underwriting practices making coming out of it, all the more difficult.

So What Happened?

Jerry Jasinowski | Posted 10.11.2011 | Business
Jerry Jasinowski

Basically, we are witnessing a re-pricing of asset values to reflect the reality of the liquidity crisis of Europe and a global economic slowdown.

Wow, What a Week!

Lydia Fisher | Posted 10.06.2011 | Business
Lydia Fisher

It remains to be seen how the markets will adjust to the S&P downgrade, whether our creditors will demand higher rates. For now, matters "across the pond" appear worse.

Portugal Faces Severe Fiscal and Economic Crisis As Eurozone Sovereign Debt Fears Grow

Sheldon Filger | Posted 05.28.2011 | Business
Sheldon Filger

The weakest links in the Eurozone chain are known as the PIIGS. This acronym represents five fiscally vulnerable members of the European monetary unio...