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  • By establishing a 750 billion euro fund to bailout Greece and aid other struggling governments, Germany and other strong European states are chasing a dream—a single European currency and broader European unity—that may have no place in reality.

  • Yoshikami: Thursday's Plunge – Your Wake-up Call Friday, 7 May 2010 | 10:55 AM ET

    It was pretty wild out there. But instead of chalking this up as simply panic in the market, we should see it as a huge wake up call. All is not well.

  • Farr: 1000 Points! What The Heck Was That? Friday, 7 May 2010 | 9:41 AM ET

    As the market dropped our team was watching. A car wreck is a much too pleasant analogy. I was at my desk in 1987, 1989, 9/11, 2008, and I’ve never witnessed what I witnessed yesterday.

  • For the market to plunge 1000 or so points and then rebound a good bit of the way back is rattling.

  • Debt-Deflation-Contagion Panic: It’s a Bloody Mess Thursday, 6 May 2010 | 4:58 PM ET

    Panic has gripped stock markets worldwide over the Greek debt crisis and the threat of a debt-deflation contagion through banks in Europe (primarily) and the U.S. that own the bonds of Greece, Portugal, Spain, and so forth. If these bond asset prices collapse totally, lending facilities would be badly crimped for both the short and long term.

  • Farr: Bill Gross, Rating Agencies, and Mob Mentality Thursday, 6 May 2010 | 3:24 PM ET

    Faithful readers of my weekly market commentary know that I value the opinion of PIMCO bond manager Bill Gross. Gross has compiled a terrific record as a fixed-income manager, and he regularly proves to be ahead of the curve on issues affecting the global economy.

  • Anger Turns to Resignation After Greek Crisis Cuts Thursday, 6 May 2010 | 2:30 PM ET

    A mood of resignation pervaded the crowd outside the Greek parliament building on Thursday, after lawmakers passed far-reaching three-year budget cuts to deal with Greece’s teetering economy.

  • Farrell: That Ain't the Fat Lady, That's Lazard Thursday, 6 May 2010 | 10:49 AM ET
    The Parthenon in Greece

    Lazard has been hired to assist Greece with its finances. The speculation is Lazard has been hired to assist Greece with a restructuring of its debt. That, of course, has been denied. These guys always deny, deny, deny until it's done.

  • Busch: Crucial Friday German Parliament Vote Thursday, 6 May 2010 | 10:20 AM ET
    The European Debt Crisis - See Complete Coverage

    Once passed, the bill will be signed into law and then presented to the Euro Zone meeting on Friday night. There is likely to be a constitutional challenge to the agreement, but this will not impede the flow of money to Greece.

  • The ink was barely dry on the $150 billion EU/IMF bailout of Greece when world stock markets tanked on two major fears.

  • Busch: Expect the Worst—German Vote=TARP Vote Part 2 Wednesday, 5 May 2010 | 11:09 AM ET
    Debtor Nations

    Last Friday, I stated that the vote this week on Friday in Germany was analogous to what occurred in the US Congress leading up to the TARP vote. The uncertainty would drive down the Euro and raise questions over the viability of the union. Now, we’re seeing another aspect arise: attempting to scare the German politicians into voting yes.

  • Busch: Top 10 Points on Greek Bailout Situation Tuesday, 4 May 2010 | 2:22 PM ET

    The entire premise of the EMU is in question and must be resolved. Either the EU integrates further or dissolves.

  • Despite the agreement over the weekend to aid Greece, stocks are down sharply again today on similar fears as other nations, especially Portugal and Spain, are also facing severe debt issues. The whole situation also brings into question the strength of the euro currency.

  • Greece is a 'Sideshow' Compared to Spain Tuesday, 4 May 2010 | 11:34 AM ET

    Huge moves up in the yield of Greek paper and a growing concern about other EU members and their ability to grow out of large budget deficits has investors thinking twice.

  • Yoshikami: Ratings Agencies- Behind the Curve Monday, 3 May 2010 | 10:57 AM ET
    The Parthenon in Greece

    The big three agencies are once again coming under scrutiny by the investment community. Most are wondering how reliable are their ratings?

  • Greece Gets Help, but Is It Enough? Sunday, 2 May 2010 | 10:02 PM ET
    Euro bills and coins in cash register tray

    Greece announced Sunday a long-delayed rescue package that will require years of painful fiscal belt-tightening, but the deal probably will not defuse the potential threats to other European countries, The New York Times reports.

  • While the EU/IMF/ECB continuing to work towards an agreement on Greece, my thoughts turn to the voting that will occur next week in Germany.

  • Farrell: Dumb Moves on Both Sides of the Atlantic Friday, 30 Apr 2010 | 10:27 AM ET
    John Alfred Paulson, president of Paulson & Co., Inc.

    Just how dumb can you be? The guys that took the other side of the Fabulous Fab-concocted CDO-Squared whatever it was weren't stupid because they bet wrong on the housing market.

  • Farr: European Contagion Spreads Thursday, 29 Apr 2010 | 9:54 AM ET

    While Portugal and Spain are the most recent targets of S&P downgrades, Italy or even Ireland could be next.

  • Yoshikami: The Betrayal of Greece Thursday, 29 Apr 2010 | 9:44 AM ET
    View over the caldera of Santorini in Greece.

    With dramatic headlines of Greek troubles spreading and the euro hitting fresh lows against the dollar, the situation grows more critical each day. But today's news only highlights a part of the problem.