Good news–Spain moves to nationalize three more banks
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...More scary brinkmanship in the Greek debt crisis roils stock markets
Right about now, today, September 19, Greek Finance Minister Evangelos Venizelos is scheduled talk to officials of the International Monetary Fund and the European Union by conference call in an effort to convince them that Greece can meet its deficit reduction goals and that they can approve the next $11 billion payment Greece needs to keep the doors open.
Greek default is likely to be postponed for now–but not for very long
It’s not only that the Greek economy is shrinking faster than expected when the austerity package was put together—projections now call for GDP to shrink by 5%. But also that the Greek government is clearly unable to deliver the goods even when it enacts measures that would increase revenue.
Stocks rally as developed world central banks ride to rescue of European banks
The European Central Bank, the U.S. Federal Reserve, the Bank of England, the Bank of Japan, and the Swiss National Bank announced this morning that they will lend dollars to European banks that are finding it difficult or overly expensive to borrow in dollars.
Euro looks to keep falling against the U.S. dollar
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...All we got from the Greek/French/German teleconference today was words, words, words
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Moody’s downgrades two French banks as the debt crisis reaches deeper into the euro’s core
Moody’s cut the long-term credit rating of France’s second- and third-largest banks by one grade to Aa2 and Aa3 today, citing the big exposures of these two French banks to the Greek banking system and their large exposure to Greek government and private sector debt.
Today’s bond auction resumes Italy’s march toward a bailout
Bad news from Italy’s sale of government bonds today. Italy sold 3.9 billion euros (roughly $5.5 billion) in five-year notes. But at a higher interest rate—5.6%–than at the last sale on July 14—4.93%.
Today the market’s euro hopes center on a conference call and the BRICS riding to the rescue
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The euro debt crisis has engulfed Europe’s banks as bank regulators have dreamed that delay was a solution
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The rally on today’s very thin rumor–China is going to buy Italian government bonds–shows just how much this market wants a solution in Europe
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Jim’s Stock Alerts
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