Euros

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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...
UK banks dragged into eurozone crisis as global markets take fright
Lloyds, RBS and Barclays take £5bn hit as stock and commodity prices plummet, while US urges Europe to be more decisive More than £5bn was wiped off the value of three of Britain's biggest banks on...
Eight banks fail the European Banking Authority Stress Tests
Eight banks fail the European Banking Authority Stress Tests
A fourth of Europe's banks would be at risk in another downturn, stress tests find
Europe's banking system remains heavily dependent on government support and would be at risk if another economic downturn hits, the European Banking Authority said Friday in a report that highlights...
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...
Irish debt cut to 'junk' status as euro zone crisis deepens
Irish debt was cut to “junk” status by credit rating agency Moody’s, last night, hours after the Minister for Finance said that measures to aid Greece proposed by euro zone finance ministers on...
Analysts predict years of turbulence from Euro debt
Ireland has become the latest European nation to have its debt downgraded to junk status.That means the Irish government may now be reliant on another financial bailout to fund its spending.It is the...