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Greece sees possibility of 50% haircut on debt – The Economic Times
ATHENS: Greece’s finance minister has told lawmakers he sees three scenarios to the resolve the debt crisis, including one in which it obtains an orderly default with a 50 per cent haircut for...
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Greece on edge of biggest sovereign default 24 centuries after first...
LONDON: History’s first sovereign default came in the 4th century BC, committed by 10 Greek municipalities. There was one creditor: the temple of Delos, Apollo’s mythical birthplace. Twenty-four...
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Alf Young: Crisis response? What crisis response? – Scotsman.com News
by Alf Young Cameron and other leaders are nowhere near finding a solution to the impending economic meltdown. DAY after day the language has grown more apocalyptic. “We now face an economic crisis...
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TheRecord – Crushing debt load fears drive latest economic crisis
TORONTO — With the latest economic turmoil in the stock and currency markets raising the prospects of another global recession, here’s a closer look at the causes of the crisis and its potential...
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EU officials hatch three-pronged ‘grand plan’ to save the eurozone and...
By LEON WATSON EU leaders could pour tens of billions of euros into European banks to stop the eurozone plunging into crisis, it emerged today. The complex three-pronged strategy is being hatched by...
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Is The U.S. Government Stockpiling Food In Anticipation Of A Major Economic...
Is the U.S. government stockpiling huge amounts of food and supplies in anticipation that something bad is about to happen? Is something about to cause a major economic crisis that will require large...
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Bankruptcy threat to Greece as euro ministers delay vital €8bn | Business |...
The spectre of bankruptcy is hanging over Greece , with the prospect of hundreds of thousands of civil servants going unpaid next month, as eurozone finance ministers refused to put a date on the...
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JPMorgan Swap Deal With Cassino Must Be Disclosed, Court Says – BusinessWeek
Sept. 27 (Bloomberg) — The Italian city of Cassino was ordered by a court to disclose the terms of a settlement it reached with JPMorgan Chase & Co. to terminate a derivative that cost taxpayers as...
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Debt Crisis in the Eurozone – Business LIVE
The rout in global financial markets continues, characterised by extreme swings of up to 5% in some markets. At this stage the major factor seems to be the possibility of Greece defaulting on its debt...
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Bill Still Announces Presidential Candidacy – MarketTicker Forums
Bill Still Announces Presidential Candidacy The Market Ticker ® – Commentary on The Capital Markets Posted 2011-10-11 18:21 by Karl Denninger …. in Politics For IMMEDIATE RELEASE For more info...
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EU Gets Deal on Naked Sovereign CDS Curbs – Bloomberg
The European Union reached a deal as part of a short-selling law that will pave the way for an optional ban on naked credit-default swaps on sovereign debt. Poland, which holds the rotating presidency...
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No Deal Yet on Euro Crisis as the Danger Grows | firstcoastnews.com
BRUSSELS — European leaders have put off the tough decisions needed to save the continent from its debt crisis, but they say a comprehensive plan is still coming. Leaders of the continent’s richest...
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German finmin: Europe has long way to go to solve crisis | Reuters
Oct 29 (Reuters) – Europe still has a long way to go to solve its crisis, German Finance Minister Wolfgang Schaeuble was cited as saying by a magazine, noting it was key Italy did its homework and...
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Greek deal may imperil sovereign CDS market | Reuters
Oct 28 (Reuters) – The future of the Credit Default Swap (CDS) market — used to hedge against the risk of a country defaulting — may be at risk if these derivative instruments do not pay out after this...
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US Senators to Federal Bank Regulators: Must Ensure Risky Behavior by Banks...
WASHINGTON, Oct. 27 — The office of Sen. Bob Casey, D-Pa., has issued the following news release: Senator Bob Casey (D-PA), Chairman of the Joint Economic Committee, sent letters today to federal...
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Greek Prime Minister Calls For Referendum On New EU Aid Deal – WSJ.com
ATHENS (Dow Jones)–Greek Prime Minister George Papandreou Monday called for a popular referendum on a newly minted aid-and-debt deal for Greece, while also demanding a fresh vote of confidence in his...
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France, Germany demand quick Greek decision on euro | Reuters
By Emmanuel Jarry and Daniel Flynn CANNES, France (Reuters) – Germany and France pressed Greece on Wednesday to make up its mind fast whether it wants to stay in the euro zone after a shock decision to...
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Greek PM explains referendum vote to furious European leaders | The Salt Lake...
By Greg Keller, Associated Press Cannes, France • Greek Prime Minister George Papandreou flew to the chic French resort of Cannes on Wednesday to explain to his furious European colleagues why he was...
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Greek leaders struggle to agree on new premier | Reuters
By Lefteris Papadimas and Harry Papachristou ATHENS, Nov 8 (Reuters) – Greek party leaders were struggling on Tuesday to agree on a new prime minister, under pressure from the European Union to push...
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Italy Senate passes budget, Berlusconi end nigh | World | Reuters
By Barry Moody and James Mackenzie ROME (Reuters) – Italy’s Senate approved economic reforms intended to reverse a collapse of market confidence on Friday, kicking off a rapid transition that will end...
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