Tag Archive for Bloc

Spain suffers as sentiment sours post-Greek election | Reuters

(Reuters) – Spanish bond yields hit a new euro-era high above seven percent and Italian yields jumped on Monday as initial relief after a pro-bailout victory in Greek elections gave way to pessimism about the huge problems still facing the currency bloc. The swift reversal in sentiment saw German Bund futures rise, quickly erasing early…

Divided Greece risks social explosion | Reuters

(Reuters) – Pro-bailout party New Democracy may have come first in Sunday’s Greek election but the radical left anti-austerity SYRIZA bloc was celebrating like the real winner well into the warm Athens night. The election exposed a struggling nation deeply divided over whether to implement a harsh austerity package, the price for receiving a total…

Socialists take absolute majority in French parliament – Full story

Socialists take absolute majority in French parliament (via AFP) France’s Socialists won control of parliament, handing President Francois Hollande the convincing majority he needs to push through his tax-and-spend agenda to battle the eurozone debt crisis. The Socialists’ bloc obtained 314 seats — an absolute majority in the 577-seat National Assembly — and so…

Consumer Sentiment Stinks – WSJ

The Thomson Reuters/University of Michigan consumer sentiment index fell sharply to 74.1 in early June from its final-May reading of 79.3 and an early-May reading of 77.8, according to an economist who has seen the report. The end-May index was the highest sentiment level since October 2007. The drop in early June may reflect consumers…