ATHENS, Greece— Lead negotiators from the European Union and International Monetary Fund begin an intensive round of talks with Greece on Friday to hammer out details of a third international bailout worth some 85 billion euros. The bailout talks must be concluded before Aug. 20, when a debt repayment to the European Central Bank worth more than 3 billion euros...» Read More
The European Commission said Monday that it wants Greece to explain how it used complex financial deals that allegedly made its debt limits look lower.
China and the Far East occupy a far different place in the business cycle compared to Europe and the United States. The nascent Chinese exit strategy will be a test case for other nations to follow when the cycle recovers.
Stocks rallied off a lower open Thursday as news of a Greek bailout and a sharp drop in jobless claims helped calm jittery investors — and put them in the mood to take some risks. Energy and industrials were the day's best performers; Financials were the worst.
Stocks opened lower Thursday as investors shrugged off an encouraging jobless report and news of a bailout for Greece. Financials took a hit, with JPMorgan leading the Dow's decline, as investors worry that debt problems in Europe could spread
Resolving the Greek debt mess is about more than the financial crisis and fiscal responsibility, say experts. It's also about keeping Europe together.
Stock futures, already in positive territory on an apparent deal to rescue Greece, added to gains on good news from the labor market.
The European Union is wrestling with complex political considerations as much as economic ones that are likely to play a pivotal role in the timing and shape of any aid package to resolve the Greek debt crisis, experts say.
Much as I am sick of bailout nation, and bailout global nation, the European rescue of Greece was probably necessary to stop a total euro currency meltdown that might have triggered a worldwide debt deflation downward spiral.
There is little certainty in Brussels about what will be delivered to help Greece, or if a move would have any legal basis.
As financial markets panic about the risks to the euro from laxer governments in southern Europe, the northern Baltic states are already in tight fiscal bandages as they experience Europe's most severe recession.
Plus, find out an even more powerful driver behind the markets these days.
I’m trying hard to remain optimistic about economic recovery here in America — and for that matter, around the world.
Financial markets are betting heavily that Greece's crushing debt could drag down the entire eurozone, and that could force reluctant EU leaders into an embarrassing bailout.
Apparently, the Greek government has called in the big hitters to help them with their fiscal dilemma.
The rise in Greek yields is a clear warning markets are in the mood to 'punish any country that takes creditors for granted. '
Countries like Greece are being "attacked by financial markets" and the European Union should intervene in the stock market to "teach speculators a lesson," according to Nobel Prize winning economist Joseph Stiglitz.
The proposed new banking rules here in the U.S. caught many international bankers off guard and were one of the most prominent topics of discussion at the recent World Economic Forum in Davos.
Amid fears that go-it-alone moves such as President Barack Obama's plan to break up big banks will further hamper the fledging economic recovery, finance ministers and central bankers from the Group of Seven major industrial countries meet.
Global shares slid to three-month lows Friday, but the US market recovered in late trading, while the dollar and Treasurys rose.
Anybody attempting to make a sub-standard Neapolitan pizza better watch their backs from now on as this pizza has friends in very high places.