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Moody’s downgrades Italy for first time in two decades – Telegraph
Moody’s lowered Italy’s rating three levels to A2 from Aa2, with a negative outlook, the New York-based company said in a statement. The action comes after Standard & Poor’s downgraded Italy on...
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The Strategic Sourceror: Commodities sink to 10-month low on lingering...
Bleak economic indicators and a series of weak data reports from governments across the globe are placing downward pressure on commodities prices. On Tuesday, commodities sunk to a 10-month low, fueled...
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Second Mortgages May Cost U.S. Banks $23B: Nomura – Bloomberg
Losses on home-equity and other second mortgages may cost the four biggest U.S. banks $22.6 billion more than budgeted, with Wells Fargo & Co. (WFC) most at risk, according to Glenn Schorr, an...
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Debt Crisis in the Eurozone – Business LIVE
The rout in global financial markets continues, characterised by extreme swings of up to 5% in some markets. At this stage the major factor seems to be the possibility of Greece defaulting on its debt...
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Bill Still Announces Presidential Candidacy – MarketTicker Forums
Bill Still Announces Presidential Candidacy The Market Ticker ® – Commentary on The Capital Markets Posted 2011-10-11 18:21 by Karl Denninger …. in Politics For IMMEDIATE RELEASE For more info...
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Euro Leaders’ Crash Crisis Campaign Bogs Down – Bloomberg
Europe’s options for overcoming the debt crisis narrowed as Germany doused expectations of a breakthrough at this weekend’s summit and central bankers balked at extended bond purchases. European stock...
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Moody’s may slap negative outlook on France – October 19, 2011
It adds that France may face a number of challenges in the coming months (NEW YORK) Moody’s warned on Monday that it may slap a negative outlook on France’s Aaa credit rating in the next three months...
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Germany snuffs out summit hopes – October 19, 2011
A final complete fix to debt crisis won’t come so soon, says Merkel’s spokesman (BRUSSELS) Europe’s options for overcoming the debt crisis narrowed as Germany doused expectations of a breakthrough at...
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EU Gets Deal on Naked Sovereign CDS Curbs – Bloomberg
The European Union reached a deal as part of a short-selling law that will pave the way for an optional ban on naked credit-default swaps on sovereign debt. Poland, which holds the rotating presidency...
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Mish’s Global Economic Trend Analysis: EU Finance Ministers Decide to Force...
Details are sketchy but Reuters reports Banks under pressure in Europe crisis, pushed to raise capital, take Greek losses On Saturday, the finance ministers of the 27-country European Union decided to...
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No Deal Yet on Euro Crisis as the Danger Grows | firstcoastnews.com
BRUSSELS — European leaders have put off the tough decisions needed to save the continent from its debt crisis, but they say a comprehensive plan is still coming. Leaders of the continent’s richest...
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ECB Bond Buying Need Ends With New EFSF, German Motion Says – Businessweek
Oct. 25 (Bloomberg) — German lawmakers are set to vote on a non-binding call for the European Central Bank to end its secondary market bond-buying program once the enhanced European rescue fund is...
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Greek Debt Swaps’ Failure to Trigger Casts Doubt on Market – BusinessWeek
Oct. 27 (Bloomberg) — The European Union’s ability to write down 50 percent of banks’ Greek bond holdings without triggering $3.7 billion in debt insurance contracts threatens to undermine confidence...
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Greek deal may imperil sovereign CDS market | Reuters
Oct 28 (Reuters) – The future of the Credit Default Swap (CDS) market — used to hedge against the risk of a country defaulting — may be at risk if these derivative instruments do not pay out after this...
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Italian Bonds Slide on Contagion Concern; German Bunds Advance – Bloomberg
Bloomberg: Bailout Fund After two crisis summits in four days, European Union leaders agreed on Oct. 27 to increase the bailout fund to 1 trillion euros, recapitalize banks and convince lenders to...
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France, Germany demand quick Greek decision on euro | Reuters
By Emmanuel Jarry and Daniel Flynn CANNES, France (Reuters) – Germany and France pressed Greece on Wednesday to make up its mind fast whether it wants to stay in the euro zone after a shock decision to...
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Greek PM explains referendum vote to furious European leaders | The Salt Lake...
By Greg Keller, Associated Press Cannes, France • Greek Prime Minister George Papandreou flew to the chic French resort of Cannes on Wednesday to explain to his furious European colleagues why he was...
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David Cameron: ‘British economy is getting worse as euro crisis goes...
The British economy is getting worse “every day” that the euro crisis goes unresolved, David Cameron has warned, as he told European leaders that the “world cannot wait” any longer for a rescue package...
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Greece begins talks on emergency gov’t, news, StarAfrica.com
Greece on Saturday was to begin talks on forming an emergency government to drag itself out of political stalemate caused by two years of austerity after Prime Minister George Papandreou won a...
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Crisis-hit Greece faces deadlock over unity government
ATHENS, Nov 5, 2011 (AFP) – Greece was in political deadlock Saturday as the main opposition party resisted Prime Minister George Papandreou’s efforts to form a unity government he said was vital to...
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