Tag Archive for Fears

Markets Get a ‘Spailout’? It’s No Bailout for Spain – CNBC

European officials shouldn’t be surprised if their latest unveiling—a rescue plan for Spain’s troubled banks—fails yet again to impress markets or resolve the continent’s crisis. After all, whatever the package of up to €100 billion in loans might do to calm fears about Spain’s banks for the time being, it may only increase concerns about…

Merkel urges ‘political’ union to solve EU crisis – Full Story

Merkel urges ‘political’ union to solve EU crisis (via AFP) German Chancellor Angela Merkel pushed for a stronger European political union Thursday amid growing international calls for action as fears of a Spanish banking meltdown fuelled the eurozone crisis. In the United States, Federal Reserve Chairman Ben Bernanke became the latest to sound the alarm…

BBC News – China’s wealth fund CIC ‘scales back exposure to Europe’

China’s sovereign wealth fund, China Investment Corporation (CIC), has cut its European stock and bond investments on fears of a eurozone break-up. In an interview with the Wall Street Journal, CIC chairman Lou Jiwei said: “There is a risk that the eurozone may fall apart, and that risk is rising.” Mr Lou also scotched speculation…