Tag Archive for Fear

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…

Berlin is ignoring the lessons of the 1930s – Roubini and Ferguson-FT.com

By Niall Ferguson and Nouriel Roubini We fear that the German government’s policy of doing “too little too late” risks a repeat of precisely the crisis of the mid-20th century that European integration was designed to avoid. …Fixated on the non-threat of inflation, today’s Germans appear to attach more importance to 1923 (the year of…

Spanish Lender Seeks $24 Billion Bailout – Ratings Cut on 5 Banks – NYTimes.com

Spain’s banking crisis worsened Friday as the board of Bankia, the country’s biggest mortgage lender, warned that it would need an additional 19 billion euros ($23.88 billion), far beyond what the government estimated when it seized the bank and its portfolio of delinquent real estate loans earlier this month. When Spain seized Bankia May 9,…