Greeks head to the ballot box in two days for a contest that may determine the fate of the world’s first democracy and the future of the newest reserve currency, while roiling markets from Wellington to Wall Street. Almost 10 million Greeks will vote for the second time in six weeks after a May 6…
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Greek election sets up long, hot eurozone summer- Full story
by Newswires • • 0 Comments
Greek election sets up long, hot eurozone summer (via AFP) World leaders will be keenly watching fresh elections in Greece next Sunday that could herald its exit from the eurozone, with potentially dire consequences for Europe and the global economy. “Events in Greece could trigger financial fright in Spain, Italy, and across the eurozone, pushing…
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PRECIOUS METALS: Comex Gold Eases After No G-8 Surprises – Wall Street Journal
by Newswires • • 0 Comments
Telegraph.co.ukPRECIOUS METALS: Comex Gold Eases After No G-8 SurprisesWall Street JournalBy Matt Day Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Gold futures eased on Monday after the large gains seen late last week, as some investors who had bet tha…
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France’s Hollande to set out eurobond plans at summit – Telegraph.co.uk
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Telegraph.co.ukFrance's Hollande to set out eurobond plans at summitTelegraph.co.ukFrench President Francois Hollande said he will make proposals for eurobonds at an upcoming European summit as he outlines his ideas to stimulate growth and help ail…
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World Leaders at U.S. Meeting Urge Growth, Not Austerity
by Bears Chat at The Wall Street Examiner • • 0 Comments
May 19, 2012
World Leaders at U.S. Meeting Urge Growth, Not Austerity
By HELENE COOPER
CAMP DAVID, Md. — Leaders of the world’s richest countries banded together on Saturday to press Germany to back more pro-growth policies to halt the deepening …
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Greek euro exit looms as G8 gathers- Full Story
by Newswires • • 0 Comments
(via AFP) World leaders will huddle at Camp David Friday with the focus on Greece as it stumbles toward a possible eurozone exit that would hold wildly uncertain repercussions for the global economy. Leaders from the Group of Eight industrialised nations will gather at the history-imbued US presidential retreat…
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FOREX-Euro at 4 month low against dollar as crisis spins – Reuters
by Newswires • • 0 Comments
Moneycontrol.comFOREX-Euro at 4 month low against dollar as crisis spinsReuters* Euro falls to 4-mth low vs dollar, eyes 2012 low * Broad demand for safe havens boost dollar and yen * Greek politics, Spanish bank woes weighing on sentiment By Nia Willi…