Another credit downgrade for Europe

February 14, 2012 | 08:09 AM | Posted by David Mason

After some favorable news out of Europe yesterday regarding the Greek bailout, the EU was rocked by another round of rating cuts. Six EU members had their credit ratings downgraded, including Spain, Italy, Portugal, Malta, Slovakia and Slovenia. Britain, France and Austria managed to avoid a...

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New Austerity Package in Greece

February 13, 2012 | 08:15 AM | Posted by David Mason

The Greek government has approved a new wave of austerity measures despite massive protest. Politicians were in hiding, protected by heavily armed law enforcement, as they passed the most sweeping and daring austerity package since the beginning of the European debt crisis. Euro-zone...

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No Solution for Greek Government

February 10, 2012 | 07:34 AM | Posted by David Mason

Treasuries are on the rise as European leaders attempt to pressure Greece into implementing serious austerity measures. The uncertainty regarding the decision of the Greek government has caused investors to search for U.S. debt and flee Asian stocks, which are on the decline this morning...

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The Never Ending Saga of Greece

February 09, 2012 | 07:59 AM | Posted by David Mason

The great uncertainty regarding the future of Greece caused many investors to adopt a conservative posture during Asian trading on Thursday. The future regarding Greek private debt restructuring and bailout plans has raised tensions both inside the country, and for those who are proponents of the...

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Pessimistic Bernanke Speaks

February 08, 2012 | 08:14 AM | Posted by David Mason

Ben Bernanke, the Federal Reserve Chairman, insists that the 8.3 percent unemployment rate in the United States distorts the grim picture of the economy. Bernanke, who testified before the Senate Budget Committee, says that those who have given up on finding employment and those working on...

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