Post Tagged with: "Greek debt"

March 7, 2013 08:06

An Infinite Amount of Money – Et Tu, Italy?

Too many in power just don’t see the impending crisis that you and I see, or at least they don’t see the need to act now.

May 18, 2012 05:33

Beginning of the end? Run on Greek banks hits record high

Greeks withdrew more than $900 million Monday and another $600 million Tuesday, according to the Greek Central Bank. While deposits have been steadily leaving banks since the start of the country’s debt problems in 2009, this week’s outpouring of cash reflects a new level of panic, analysts say. – USA Today

November 1, 2011 18:04

Market Greeced in slide – drops almost 300

Dow slumped 297.05 points, or 2.48 percent on news that the Greek bailout plan to save the Euro might fall apart.

October 28, 2011 15:54

Europe’s Future Comes Into Focus: Hyperinflation

Italy and Spain will remain under pressure. Nobody has the money to save them or to recapitalize the banks again when the big deficit countries lose access to the market and fail.

October 25, 2011 05:36

Greek Trader Tells Us The State Of Things, And Explains Why The Worst Is Yet To Come

The painful part of austerity hasn’t even hit yet, nobody in Europe has any idea what’s going on, and social strife, if it seems bad now, will become a daily issue.

October 24, 2011 04:53

Another U.S. Sovereign Downgrade Likely By 2011 Year End, Says Merrill

If the “super committee”, the bipartisan congressional committee formed to address the U.S. deficit, fails to agree on a plan by November 23, $1.2 trillion in automatic spending cuts, mostly in discretionary spending will be triggered, beginning in 2013, which would negatively impact the already fragile U.S. economy, says Merrill. The bank also cut its 2012 and 2013 U.S. GDP forecast to 1.8% to 1.4% respectively.