(via AFP) The head of the global banking lobby which handled the private debt write-off for Greece warned on Friday that if the country leaves the eurozone, the world economy would suffer badly. The head of the Institute of International Finance (IIF), Charles Dallara, also urged the European Union to set up…
European Crisis
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European Crisis, Latest Business Headlines
Bankia confident of getting 19 bn euro bailout- Full Story
by Newswires • • 0 Comments
(via AFP) The new president of Spain’s fourth-biggest bank, Bankia, said Saturday he was confident of receiving from the government 19 billion euros ($24 billion) in the largest bank bailout in the country’s history. Jose Ignacio Goirigolzarri voiced his optimism that the struggling bank, which holds some 10…
European Crisis
Forecasters Flying Blind When Predicting Repercussions of Greek Exit – WSJ
by Newswires • • 0 Comments
My only reaction to the Wall Street Journal headline is, “What else is new?” Maybe the editor was thinking the same thing, only can’t say it? As I read the tweets of the mainstream journalists on Twitter, it is clear that they are personally far more cynical then their work for “The Man” reflects. But…
European Crisis
Santelli and Mark Grant on European Bank Runs (Not the charity kind)- Video
by Newswires • • 1 Comment
Video
European Crisis
Dallara Says Greek Euro Exit May Exceeed 1 Trillion Euros – Bloomberg
by Newswires • • 0 Comments
The cost of Greece exiting the euro would be unmanageable and probably exceed the 1 trillion euros ($1.25 trillion) previously estimated by the Institute of International Finance, the group’s managing director said. The Washington-based IIF’s projection from earlier this year is “a bit dated now” and “probably on the low side,” Charles Dallara said in…
European Crisis, Latest Business Headlines
Euro dives under $1.25 for first time since July 2010- Full Story
by Newswires • • 0 Comments
Euro dives under $1.25 for first time since July 2010 (via AFP) The euro dived under $1.25 on Wednesday, hitting a new 22-month low, hit by losses on Wall Street and mounting fears of a potential Greek exit from the eurozone, dealers said. At about 1320 GMT, the European single currency sank to $1.2496, touching…
European Crisis, Latest Business Headlines
Eurozone strains intensify as ‘massive shock’ looms- Full Story
by Newswires • • 0 Comments
[repostus hash=a362e006015c85c04f49fe543e177269 title=Eurozone%20strains%20intensify%20as%20’massive%20shock’%20looms host=AFP short=1cF8w]
European Crisis
The Economic Crisis in Greece – Video – The New York Times
by Lee Adler • • 0 Comments
Video The Economic Crisis in Greece – Video Library – The New York Times.
