(Reuters) – Moody’s Investors Service said on Friday that a Greek exit from the euro could pose a threat to the currency’s existence. In addition, developments in Spain’s banking sector that may require a European rescue package have negative credit-rating implications for the sovereign, Moody’s said in a statement. “Were Greece to leave the euro,…
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Hey, Germany: You Got a Bailout, Too – Bloomberg
by Newswires • • 0 Comments
Prudent Germany, the narrative goes, is loath to bail out freeloading Greece, which borrowed more than it could afford and now must suffer the consequences. Would it surprise you to know that Europe’s taxpayers have provided as much financial support to Germany as they have to Greece? An examination of European money flows and central-bank…
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JP Morgan fiasco means higher interest rates ahead | Chriss Street and Company
by Newswires • • 0 Comments
If there was an Academy of Motion Picture Arts and Sciences Award for the best acting performance by a CEO, Jamie Dimon of J.P. Morgan Bank would surely win the Oscar for his dismissal of a $2 billion off-shore derivative loss as “a complete tempest in a teapot.” Dimon tried to use all his theatrical…
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Italy’s Borrowing Rates Skyrocket, Monti Scrambles
by Bears Chat at The Wall Street Examiner • • 0 Comments
Italy’s Borrowing Rates Skyrocket, Monti Scrambles
By COLLEEN BARRY AP Business Writer
MILAN November 25, 2011 (AP)
Italy’s borrowing rates skyrocketed during bond auctions Friday, temporarily battering stock markets in Europe as the continent’s esc…
