Hope springs eternal on Greek debt rescue–and stocks rally on so-called “breakthrough”
Unless your standard for breakthrough is set so low that getting German Chancellor Angela Merkel to attend today’s European emergency summit meeting fits the bill, I’d call what emerged from the talks between Merkel and French President Nicolas Sarkozy more of a shopping list.
Euro and U.S. debt crises outrun the solutions now on the table
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...Having shot itself in both feet, the EuroZone now points the gun at its own head
Over the weekend German Chancellor Angela Merkel and European Central Bank head Jean-Claude Trichet dug in their heels on apparently irreconcilable positions inching the European monetary union closer to total political failure.
Euro bank stress test turns out to be as weak as feared
Eight banks failed the stress tests administered by the European Banking Authority. The eight have a combined capital shortfall of just $3.5 billion. Every bank examined in Italy, Germany (some German banks that would have failed, probably, opted out of the test), France, the United Kingdom, and Ireland passed. You’ve got to be kidding.
More excitement from Europe tomorrow as bank regulators announce which banks failed this year’s stress test
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 bad news hits just keep coming from the euro debt crisis–could Friday’s bank stress test be the peak in the negative cycle?
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...Greek rescue deal comes apart: Why not a Greek default? is suddenly on the table
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...Now it’s Italy putting the euro in the hot seat
Yields on Italy’s 10-year bonds were at 5.55%, a nine-year high, at 1:45 p.m. in London today. That puts Italy perilously close to the 7% threshold that triggered bailout rescue requests from Greece, Ireland, and Portugal
All in a day’s work: European Central Bank raises interest rates, indicates it would like to raise rates again, and says it will continue to lend money to banks in Portugal, Greece, and Irelandin
The European Central Bank raised its benchmark interest rate today, July 7, by 0.25 percentage points to 1.5%. Because the move was so widely expected, financial markets have reacted favorably but not strongly. But there were surprises—small and big—in the announcement.
So how much would it take to actually fix the euro crisis? How about $600 billion?
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...Will Moody’s downgrade of Portugal to junk help save Greece?
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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