Euro Crisis

Euro Crisis : Banks Downgraded

22 Jun 2012 @ 22:41
Fifteen major global financial institutions were downgraded by Moody’s late last night, reflecting losses the ratings agency says are likely due to the current, ongoing volatile state of capital markets. Affected lenders included British banking giants Barclays, HSBC, RBS and Lloyds as well as Credit Suisse. The Swiss institution was dealt the harshest and most unexpected blow as...
 

Euro Crisis: Greek Coalition formed to support bailout

21 Jun 2012 @ 18:58
A three-party coalition government has been formed in Greece in support of the international bailout and keeping the country in the euro. The leader of the centre-right New Democracy party Antonis Samaras was sworn in yesterday and will head a government that also comprises the socialist Pasok and Democratic Left parties. Whilst broadly supporting the […]
 

Euro Crisis: Obama: No "silver bullet" for euro crisis

20 Jun 2012 @ 18:52
President Obama has said that European leaders recognised the need for “bold and decisive” action to resolve the debt crisis. Speaking at the G20 summit the US President argued that whilst there was no “silver bullet” that “Europe is moving closer towards further integration rather than break-up”. In a communique issued at the end of […]
 

Euro Crisis: Rising global alarm

19 Jun 2012 @ 20:44
Early news from the G20 summit in Mexico reflects rising global alarm over the ongoing euro crisis saga. European Commission President Jose Manuel Barroso mounted a strong defence of the EU’s handling of the financial crisis this morning. He told world leaders “we have not come here to receive lessons,” and pointed out that the […]
 

Euro Crisis: Greeks vote to back Euro-Bailout

18 Jun 2012 @ 21:28
A pro-bailout coalition government could be formed in Greece following the second election in six weeks. The centre-right New Democracy party gained the largest vote share with 29.5% with the pro-bailout socialists and former governing party Pasok on 12.3%. The formation of a pro-bailout government may lead to the Eurozone providing Greece with further financial […]
 

Euro Crisis: All Eyes On Greek Elections

15 Jun 2012 @ 20:21
All eyes are on Greece ahead of this weekend’s crucial elections. Rumours of a poll indicating Greeks would favour a pro-bailout government saw Greek stocks jump ten per cent yesterday. A pro-bailout result would decrease the likelihood of the embattled nation being forced out of the single currency. Moody’s Investment Service today downgraded ratings of […]
 

Euro Crisis: New Record High For Spanish Bond Rates

14 Jun 2012 @ 20:20
Spanish 10-year bond rates have hit a record high for a second day in a row. Reaching 6.854% after the ratings agency Moody’s cut the country’s credit to one notch above “junk” status. European leaders had hoped that a 100bn-euro bailout out for the Spanish banking sector would have calmed the market. Moody’s argue that […]
 

Euro Crisis: Greek Exit Necessary To Save The Euro?

13 Jun 2012 @ 20:19
UK Chancellor George Osborne has argued that Greece may have to leave the euro to save the troubled currency. In comments that may cause problems for the German Chancellor Angela Merkel, the UK’s top finance minister raised doubts about “whether the German government requires a Greek exit to explain to their public why they need […]
 

Euro Crisis: Stocks Lost Early Gains

12 Jun 2012 @ 22:18
Following an initial rise at news of a Spanish recapitalisation of banks, stocks yesterday quickly lost early gains. Almost every major market ended the day below last Friday’s closing level. Oil fell three per cent due to fears the debt crisis may threaten petroleum demand. Credit ratings agency Fitch downgraded Spanish banks BBVA and Santander […]
 

Euro Crisis: Market React Positively To Spanish Bank Bailout

11 Jun 2012 @ 22:16
European and Asian stock markets have risen sharply following news of a bailout to rescue Spanish banks. During morning trading the FTSE100 saw a 1.6% increase, compared to the Dax’s 2.2%, CAC 40’s 2.0% and Spain’s Ibex index up 4.4%. Alongside a Nikkei rise of 2.0% the Forex markets also saw an improvement with the […]
 
 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220925 05:47:37