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Sovereign Debt Crisis

Ireland's Credit Rating Downgraded To Junk By Moody's

Posted 09.11.2011 | Business

NEW YORK (Walter Brandimarte and Daniel Bases) - Moody's Investors Service on Tuesday cut Ireland's credit rating to junk status, saying the country w...

Europe Acknowledges Greek Default May Be Necessary

Posted 09.11.2011 | Business

BRUSSELS (Julien Toyer and Luke Baker) - European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the fi...

Germany Confident Italians Will Institute Austerity

Posted 09.10.2011 | Business

BERLIN (Erik Kirschbaum, Eric Kelsey and Sarah Marsh) - Germany's government has full confidence in Italy to take the necessary decisions regarding au...

Europe Alleges Credit Rating Agencies Are Bias Against EU

Posted 09.05.2011 | Business

BRUSSELS (Luke Baker) - Europe issued a full-throated assault on credit ratings agencies on Wednesday, saying there were signs of bias against the Eur...

Portugal's Credit Rating Downgraded To Junk Territory By Moody's

Posted 09.04.2011 | Business

NEW YORK (Walter Brandimarte and Daniel Bases) - Moody's Investors Service on Tuesday slashed Portugal's credit rating into junk territory, saying the...

Simon Johnson: Italy Could Be Next

Bloomberg | Simon Johnson | Posted 09.04.2011 | Business

In recent days, Greece’s parliament adopted new austerity measures and Europe’s finance ministers approved another round of Greek loans. So the Eu...

Greek Parliament Passes Key Austerity Bill, Paving Way For Bailout

Posted 08.29.2011 | Business

ATHENS, Greece (AP) -- Greece's lawmakers have approved a key austerity bill, paving the way for the country to get its next vital bailout loans that ...

10 Countries Most Likely To Default

The Huffington Post | James Sunshine | Posted 08.28.2011 | Business

Greece's newest bailout package helped stave off the threat of default, at least for now. Investors, meanwhile are left to wonder what other countries...

One In Six European Banks Are Set To Fail Stress Tests

Posted 08.28.2011 | Business

FRANKFURT/BRUSSELS (Marc Jones and John O'Donnell) - Up to one in six European banks is set to fail an EU-wide financial health check, according to eu...

Interest Rates Must Rise Globally To Curb Inflation: International Report

Posted 08.26.2011 | Business

BASEL, Switzerland (Sakari Suoninen) - Global interest rates must rise to avoid high inflation becoming entrenched, the Bank for International Settlem...

Antitrust Questions Loom Over European Stock Exchange Merger

Posted 08.24.2011 | Business

NEW YORK (Jonathan Spicer) - Complex antitrust questions hang over Deutsche Boerse AG and NYSE Euronext just weeks before shareholders decide whether ...

European Banks, Finance Officials Discuss New Greek Rollover Plan

Posted 08.24.2011 | Business

LONDON/FRANKFURT (Alex Chambers, Jonathan Gould and Philipp Halstrick) - European banks and finance officials are discussing a proposal to replace exi...

Greece Seals Austerity Deal With EU And IMF: Reuters

Posted 08.23.2011 | Business

Greece won the consent of international lenders on Thursday for a five-year austerity plan intended to avoid looming bankruptcy and its prime minister...

Greek Debt Crisis Worsens: Prime Minister George Papandreou Admits Another €110 Billion Needed To Prevent Default

Sheldon Filger | Posted 08.21.2011 | Business
Sheldon Filger

I was not alone in being skeptical as the first European/IMF bailout package was cobbled together last year when the Greek sovereign debt crisis first...

Household Wealth Growth Slows Sharply

Posted 08.09.2011 | Business

CHICAGO- (Ann Saphir) - Household wealth rose by $943 billion in the first quarter, slowing sharply from the previous quarter, and household debt shra...

Fiscal Follies: Facing the Budget Auto-Destruct Countdown, Without an Escape Pod

Scott Bittle and Jean Johnson | Posted 06.07.2011 | Business
Scott Bittle and Jean Johnson

Washington has been living in one of those Star Trek episodes where the computer is counting down to an explosion. Unfortunately, our leaders can't agree to turn it off.

European Analogies to the 1920s and '30s

Robert Zevin | Posted 05.31.2011 | World
Robert Zevin

The slow motion train wreck that is the Eurozone continues to roil bond markets, banks and governments as countries pursue policies of reduced spending.

The Next Crisis Will Be Ten Times Bigger

John R. Talbott | Posted 05.31.2011 | Business
John R. Talbott

The amount of sovereign debt in the world, approximately $35 trillion, will make the $3 trillion subprime mortgage crisis seem like a minor tremor compared to the major devastating economic earthquake that could potentially come.

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...

Obama Proposing Record Budget Deficits; Is America Doomed to Follow Greece?

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

What we are witnessing is not only an economic and fiscal calamity in the making. It is as much a display of political dysfunctionality and moral cowardice as it is of inept fiscal policy. But the problem is not uniquely Obama's -- or Democrats'.

The 9 Biggest Risks to Global Economy

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Countries going broke are the biggest risk to the world's economy. Nations struggling with massive debts built up during the financial crisis are s...

North Korea, Ireland and Other Lunatic Nations

Diane Francis | Posted 05.25.2011 | World
Diane Francis

With all the international turmoil, Americans finally, by default, had reason to celebrate Thanksgiving. After all, their problems are soluble.

The Real Reason for QE2

Bill Baker | Posted 05.25.2011 | Business
Bill Baker

The Fed's announcement that it will buy approximately $600 billion of US Treasury securities or more in the coming months has, for the first time, pro...

Funeral For a European Myth

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Here we go again -- the death of another myth, namely the one that Europe's worrisome sovereign debt crisis has run its course. Far more likely, the evidence shows, we're in for a rerun.

The G-20's China Bet

nytimes.com | SIMON JOHNSON | Posted 05.25.2011 | Business

The G-20 is betting that China can keep its growth high enough to sustain the global economy while also not getting drawn into some sort of bubble -- ...