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Eurozone Crisis

Outgoing Greek Prime Minister Says New Government Means Debt Deal Secure

AP | ELENA BECATOROS and NICHOLAS PAPHITIS | Posted 01.09.2012 | Business

ATHENS, Greece — Greece's laborious power-sharing talks disintegrated into chaos Wednesday, with political leaders failing to name a new prime m...

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...

Greek Lawmakers Reach Agreement To Form Interim Government

AP | ELENA BECATOROS and DEMETRIS NELLAS | Posted 01.06.2012 | Business

ATHENS, Greece — Greece's embattled prime minister and main opposition leader agreed Sunday to form an interim government to ensure the country'...

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 ...

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...