Jim O’Neill, chairman of Goldman Sachs Asset Management, says there is a simple, political solution to the crisis in the euro zone. But if politicians fail to fix it, Europe’s struggle could engulf the entire world economy. (June 25, 2012) via Reuters TV | Jim O’Neill: Everyone could be taken down by euro crisis –…
Tag Archive for Euro Zone
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Greece outlines plan to ease bailout burden | Reuters
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Greece wants tax cuts, extra help for the poor and unemployed, a freeze on public sector lay-offs and more time to cut its deficit under a plan likely to run into strong opposition at a European Union summit next week. The new coalition government’s program, seen by Reuters on Saturday, reflected public pressure to ease…
European Crisis
Relieved Europe hints at more time for Greece | Reuters
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(Reuters) – Euro zone paymaster Germany, relieved at a narrow election victory for Greece’s pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit. But financial markets’ relief that the 17-nation European currency area had avoided plunging deeper into crisis…
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Cameron Blames Europe but Balls says “Balls!”
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(Reuters) – Prime Minister David Cameron will urge central banks on Monday to act to protect the global economy from the ravages of the euro zone debt crisis, and demand that the currency bloc’s biggest economic players work harder to resolve its problems…. Britain, the largest European economy outside the euro, has repeatedly blamed its…
European Crisis, Latest Business Headlines
Spain suffers as sentiment sours post-Greek election | Reuters
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(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…
European Crisis
Greek elections and the future of the euro zone. | White collar criminals face longer sentences. Video The New York Times
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Greek elections and the future of the euro zone. | White collar criminals face longer sentences. | Why you should be taking a break right now. via Business Day Live | June 15, 2012 – Video Library – The New York Times.
Latest Business Headlines
Consumer Sentiment Stinks – WSJ
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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…
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Malakoff Planning to Raise US$1.5 Billion in 4Q Malaysia IPO – Source – Fox Business
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New York Times (blog)Malakoff Planning to Raise US$1.5 Billion in 4Q Malaysia IPO – SourceFox BusinessThe IPO plans by Malaysian companies come at a time when worries about the euro-zone debt crisis are souring investor sentiment. Facebook Inc.'s s…
Latest Business Headlines
Mad Dash for Cash Hits Highest Level Since Crisis – CNBC
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Cash now makes up an average 5.3 percent of portfolios, the most since January 2009, according to the closely watched Bank of America Merrill Lynch Survey of Fund Managers for June. Curiously, investors on some levels are more suspect not of prospects in Europe but in the U.S., where expectations for growth fell 25 percent,…
European Crisis
Business – Matthew O’Brien – This Might Be the Dumbest Thing Europe Has Done Yet – The Atlantic
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Rather impressively, the botched bailout of Spain’s banks wasn’t even the most incompetent thing Europe’s officials did on Monday. That honor goes to the guys who admitted that they have talked about instituting capital controls if Greece actually does exit the euro zone. Meaning: Europe will prevent people from moving their money across national borders…
