European ministers: Greece to get loans
Applauding budget-cutting measures taken by Greece's government in the face of intense public pressure, European finance ministers announced Monday that Athens is on track to receive fresh loans in mid-July.
Source: CNN
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Marshall Auerback: The European Monetary Union is the Titanic
By Marshall Auerback, a portfolio strategist and hedge fund manager. Cross posted from New Deal 2.0 The Iceberg Cometh: An economic and financial crisis will soon be brought about by the collapse of...
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Eight banks fail the European Banking Authority Stress Tests
Eight banks fail the European Banking Authority Stress Tests
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8 European banks fail stress tests
BANKING 8 fail stress tests in Europe Eight banks failed the European Union stress tests after regulators said Friday they had a combined capital shortfall of $3.5 billion, less than predicted by analysts...
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Eurozone new steps to help rescue Greece
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Eurozone vows to battle debt contagion, rescue Greece
BRUSSELS, Jul 12, 2011 (AFP) - Eurozone finance ministers Monday vowed to beef up a rescue mattress for troubled economies such as Greece as they went to battle to contain debt crisis contagion threatening...
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Eurozone pledges new steps to help Greece
Eurozone finance ministers promised cheaper loans, longer maturities and a more flexible rescue fund to help Greece and other EU debtors in a bid to stop financial contagion engulfing Italy and Spain.
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U.S. Stocks Surge Most Since July 2009 on Greece, Manufacturing Report
U.S. stocks posted the biggest weekly rally in two years, with the Dow Jones Industrial Average rising 648 points, after Greece took action to avoid a default, Nike Inc. (NKE) ’s earnings topped analyst...