Debt markets say Si to Spain–but see an increasing chance that Greece, Ireland, and Portugal will need rescue or go into default
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 cut in Greek credit rating signals the euro debt crisis is back
Today, March 7, Moody’s Investors Service cut Greece’s sovereign-debt rating by three notches to B1. On March 3 the European Central Bank on March 3 signaled that it would raise interest rates in April in order to fight inflation. Think the two are related?
With too much to worry about, stocks pause until risk falls or fundamentals improve
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 Irish–and euro–crisis is worse this morning
The Irish crisis deepens—at least as judged by spreads on Irish government bonds. Yields on Irish government bonds hit records on Tuesday, September 28.The immediate cause of the jump in Irish yields was an announcement that on Thursday the government will unveil a plan to pump more money, a projected $6.7 billion, into Anglo Irish Bank
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