Posts tagged ‘financial news’

July 11, 2012

Hit the Eject Button

As the Top of the Bailout Pops continues I will provide a useful summary of the single currency crisis so far:

Bailout received:

Portugal €78 billion

Italy N/A (yet)

Ireland € 77 billion

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January 26, 2012

Euro Millions Lottery: Where Will it End?

Angela Merkel is certainly stubborn and Eurozone countries that are not in financial trouble have joined a growing chorus, including respected economists, that she is putting German interests ahead of Europe’s.

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July 8, 2011

Another Day, Another War

I don’t profess to know more than the real basics about this topic but why are the Euro zone countries declaring war on ratings agencies?  Just because they cannot manipulate private companies to do what they dictate, the Euro countries have decided to ‘clamp down’ on ratings agencies as some of them declared Greece to be in default in all but name and that Portugal’s bonds are like junk.

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