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Sovereign Debt Crisis

The EU 'Rescue Fund' -- Part Of The Problem, Not The Solution

Gemma Godfrey | Posted 01.07.2012 | Business
Gemma Godfrey

There is still much to be decided before EU leaders can claim to have provided a comprehensive and credible plan to end the sovereign debt crisis.

Bonnie Kavoussi

Europe Takes Step Forward, But Crisis Far From Over | Bonnie Kavoussi | Posted 12.27.2011 | Business

Investors welcomed a relatively bold agreement by European political leaders on Thursday, but some economists say that the crisis is still far from ov...

Bonnie Kavoussi

Europe Nears Reckoning On Greek Debt | Bonnie Kavoussi | Posted 12.26.2011 | Business

While significantly bolder than expected, the newest plan proposed by euro zone leaders may still not be enough to quell the crisis in Europe. Euro...

Sarkozy To British PM: 'Shut Up'

The Huffington Post | Bonnie Kavoussi | Posted 12.24.2011 | Business

Feeling the pressure to act decisively in order to avert regional disaster, European leaders are becoming increasingly testy. French President Nico...

Bonnie Kavoussi

Former U.K. Prime Minister On How To Escape Global Economic Downturn | Bonnie Kavoussi | Posted 12.19.2011 | Business

The world's major economies are increasingly vulnerable to falling into a global economic downturn unless they can swiftly coalesce to patch up a tatt...

A Greek Default on the Cards but the Banks Aren't Listening

Gemma Godfrey | Posted 12.12.2011 | Business
Gemma Godfrey

The markets expect a Greek default and time is running out. However, banks still haven't recognized enough of this loss, highlighting the pent-up risk in the sector.

Bonnie Kavoussi

Europe Could Cause U.S. Financial Crisis | Bonnie Kavoussi | Posted 12.06.2011 | Business

If European politicians are unable to contain their sovereign debt problems, Wall Street could be on the brink of another financial crisis, according ...

Bonnie Kavoussi

European Crisis Could Tip U.S. Into Recession | Bonnie Kavoussi | Posted 12.04.2011 | Business

As the Greek government appears increasingly likely to default on its debt, economists are envisioning potentially dire spillovers to the United State...

Majority Of Investors Predict Recession In Europe: Poll

The Huffington Post | Bonnie Kavoussi | Posted 11.29.2011 | Business

Three-quarters of global investors predict that Europe will fall into a recession in the next 12 months, according to a Bloomberg survey released Thur...

Bonnie Kavoussi

Europe Threatens U.S. Economic Recovery | Bonnie Kavoussi | Posted 11.26.2011 | Business

As the European Union enters a financial crisis in slow motion, the fragile American economic recovery hangs in the balance. With Greece almost ce...

Europe Aiming To Ramp Up Crisis Fund As Other Nations Raise Alarm

Posted 11.25.2011 | Business

WASHINGTON (Dan Flynn and Jan Strupczewski) - Europe is working to ramp up the firepower of its bailout fund, top officials said on Saturday, as the U...

Former Fed Chairman Paul Volcker Urgently Warns Against "Planned" Inflation

Sheldon Filger | Posted 11.20.2011 | Business
Sheldon Filger

In an op-ed piece in the New York Times, Paul Volcker issued an eloquent warning against economic policymakers deliberately increasing the inflation rate.

Europe Is a Sovereign Debt Crisis and a Bank Solvency Crisis

Robert Lenzner | Posted 11.14.2011 | Business
Robert Lenzner

I don't want to be an alarmist, but I am getting alarmed. Until US households repair their balance sheets, neither the US, the UK, Europe or Japan will be in a position to be the motivating force for a sustainable economic recovery.

Credit Crisis: Tuesday's Market Preview Is Not Pretty

Mohamed A. El-Erian | Posted 11.05.2011 | Business
Mohamed A. El-Erian

Tighten those seat belts. It will be a bumpy and volatile week as markets are held hostage to policy developments in both America and Europe.

Credit Ratings Matter for Those Who Need Them Most

Otaviano Canuto | Posted 10.18.2011 | World
Otaviano Canuto

Think of what would happen if you lived in one of the 58 developing countries that remain unrated by Standard & Poor's, Moody's and Fitch. You would have very limited access to capital and investment, and the cost of borrowing would be significantly higher.

Europe: Lacking a Long-Term Solution

Gemma Godfrey | Posted 10.14.2011 | Business
Gemma Godfrey

Over the last few days we have seen a tremendous amount of volatility in the markets, epitomizing the lack of clarity with which many investors have struggled.

My Prediction of a Global Economic Depression by 2012 Is Being Terribly Vindicated

Sheldon Filger | Posted 10.10.2011 | Business
Sheldon Filger

Markets are beginning to render their own assessment on the results wrought by the policymakers since the origins of the current global economic crisis.

Moody's Puts Spain On Review For Possible Credit Downgrade

Posted 09.28.2011 | Business

MADRID (Sonya Dowsett and Elisabeth O'Leary) - Rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns that a...

The U.S. Debt Ceiling: The How, Why and What Could Happen?

Gemma Godfrey | Posted 09.26.2011 | Business
Gemma Godfrey

Mirroring issues in the EU, a problem of debt cannot be solved by yet more debt. With the threat of a downgrade looming, any rise in interest rates could make the situation worse, hitting the tax payer and U.S. exporters.

Paul Krugman: Washington Determined To Prolong 'Lesser Depression'

The New York Times | Paul Krugman | Posted 09.21.2011 | Business

These are interesting times — and I mean that in the worst way. Right now we’re looking at not one but two looming crises, either of which could p...

EU Commission: Find Consensus On Greece Or Global Economy Will Suffer

Posted 09.19.2011 | Business

BRUSSELS/FRANKFURT (Luke Baker and Philipp Halstrick) - EU leaders must find a convincing solution to Greece's debt crisis at a summit on Thursday or ...

European Banks Unable To Raise Adequate Capital Could Be Fined

Posted 09.19.2011 | Business

LONDON (Huw Jones) - Banks in the European Union could face fines of up to 10 percent of turnover if they fail to comply with tougher capital and liqu...

A System That Appears Broken to the World

Robert Lenzner | Posted 09.17.2011 | Business
Robert Lenzner

The spectacle of getting to a resolution about raising the debt limit is a farce and detrimental to respect for US economic might everywhere around the globe.

Eight European Banks Flunk Stress Tests

Associated Press | Posted 09.14.2011 | Business

FRANKFURT, Germany (AP) — Europe's banking regulator says eight of 90 banks flunked stress tests that project how they would fare in another recessi...

Sovereign Debt Crisis Is Now Global

Sheldon Filger | Posted 09.13.2011 | World
Sheldon Filger

Any doubt that the Eurozone debt crisis is no longer contained but has metastasized into a full-blown global calamity is rapidly being erased by fast-...