LONDON, March 13- Irish government bond yields hit new record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout found substantial demand and cemented the return of full access to borrowing markets.» Read More
Analysts are saying the end of March, but Cramer wants investors ready long before that.
New budget estimates released Wednesday predict the government's deficit will hit almost $1.5 trillion this year, a new record.
The Treasury Department says it has received $312.2 million from the sale of warrants it held in Citigroup. The sale was the government's latest effort to recoup costs from the $700 billion financial bailout.
At least for this year, the euro zone will remain united and no country is likely to default, analysts told CNBC.com. But debt restructuring is on the horizon for later.
American International Group said Monday that CEO Robert Benmosche, who has been battling cancer, has received a favorable prognosis and is expected to remain in his position at AIG until his retirement in 2012.
The government says it will sell 465.1 million warrants it holds from Citigroup in an auction on Tuesday.
Day by day, investors in Europe tell me their confidence is growing that the Union is moving decisively towards fixing its problems.
Hidden among an otherwise sea of red due to China fears, some markets rallied: Athens' ASE up 2.6 percent, Portugal's PS120 up 1.1 percent and Spain's IBEX spacer up 0.76 percent. More importantly, there's a growing bid under peripheral European debt.
Spain is planning to inject billions of euro into the nation's struggling savings banks, known as cajas, according to a report from the Wall Street Journal.
Expanding the EFSF is not the right solution, said Andreas Treichl, the CEO of Erste Bank, the Austrian-based bank focused on lending in Eastern Europe. Treichl added that one way or another, Germany will ultimately end up picking up the bill.
Support was rising Monday for plans to increase the lending power of the rescue fund for the debt-laden euro zone countries. The New York Times reports.
Overheating emerging markets, in China in particular, pose the biggest threat to the market and political situation in 2011 according to Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets.
The "Fast Money" traders reveal a second derivative trade off of a European recovery.
The Illinois House of Representatives passed a bill that raises the state income tax from a maximum rate of 3% to 5%. They also raised the corporate income tax...As painful as they are, we are in the position of having no choice and yet, these tax increases will not raise the expected amounts.
So, Portugal sold 1.2 billion euros of debt ($1.61 billion). Big deal. What does that prove? Surely in the context of sovereign debt, the amount is tiny. Moreover, Lisbon won't tell us who bought the paper.
Spain is different than other euro zone periphery countries as its fiscal position is strong, Matias Rodriguez Inciarte, vice chairman of bank Santander, told CNBC Wednesday in an interview.
When the biggest US banks submit their capital plans to the Fed on Friday, it will mark an important post-crisis milestone for the industry, clearing the way for many of them to resume providing dividends.
Despite denials by the Portuguese Prime Minister Jose Socrates that the country will not be seeking financial aid from the IMF or the European Union, technical discussions are being held ‘quietly’ among European leaders about a possible bailout plan, the Portuguese newspaper Publico reported on its Web site.
Insurance giant American International Group Inc. is issuing 75 million warrants as part of its plan to free itself from U.S. government ownership.