Major U.S. and European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in New York, London, Paris and Frankfurt all slid about two percent, in part due to the political uncertainty in Athens and Rome. Late […]
Debt Crisis: US, Europe Stocks Plunge, Borrowing Costs Rise
Posted November 9th, 2011 at 12:55 pm (UTC-5)
Major U.S. and European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in New York, London, Paris and Frankfurt all slid more than two percent, in part due to the political uncertainty in Athens and Rome. […]
Debt Crisis: European Stocks Plunge, Borrowing Costs Rise
Posted November 9th, 2011 at 10:50 am (UTC-5)
Major European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in London, Paris and Frankfurt all slid more than two percent, in part due to the political uncertainty in Athens and Rome. Greek officials struggled for […]
Italy’s Bond Yield Rises Above 7 Percent Mark
Posted November 9th, 2011 at 7:55 am (UTC-5)
Italy’s 10-year bond yield topped 7 percent Wednesday, a day after Italian Prime Minister Silvio Berlusconi announced he will resign once parliament passes crucial economic reforms. Greece, Ireland and Portugal asked for bailout loans after their borrowing rates crossed the 7 percent threshold. Mr. Berlusconi made his resignation announcement Tuesday after he lost his parliamentary […]
Greek Parties Postpone Agreement on Interim Government
Posted November 8th, 2011 at 8:05 pm (UTC-5)
Greek party leaders stopped a winding debate on the new coalition government early Wednesday without reaching consensus and will resume talks later in the day. Outgoing Prime Minister George Papandreou and main opposition leader Antonis Samaras have been locked in talks since Monday on who will lead a power-sharing government until early elections in February. […]
Reports Greece Has Interim PM
Posted November 8th, 2011 at 3:25 pm (UTC-5)
State-run Greek television is reporting that economist Lucas Papademos will be the country’s interim prime minister as the debt-ridden country struggles to meet the demands of international creditors. Socialist Prime Minister George Papandreou, who is resigning as the country’s leader, worked on an agreement Tuesday night with opposition leader Antonis Samaras on a power-sharing coalition […]
Reports Greece Has Interim PM; Italy’s Berlusconi Survives Vote
Posted November 8th, 2011 at 2:35 pm (UTC-5)
State-run Greek television is reporting that economist Lucas Papademos will be the country’s interim prime minister as the debt-ridden country struggles to meet the demands of international creditors. Socialist Prime Minister George Papandreou, who is resigning as the country’s leader, worked on an agreement Tuesday night with opposition leader Antonis Samaras on a power-sharing coalition […]
Greece Has Interim PM; Italy’s Berlusconi Survives Vote
Posted November 8th, 2011 at 11:55 am (UTC-5)
State-run Greek television is reporting that economist Lucas Papademos will be the country’s interim prime minister as the debt-ridden country struggles to meet the demands of international creditors. Socialist Prime Minister George Papandreou, who is resigning as the country’s leader, reached agreement Tuesday with opposition leader Antonis Samaras on a new coalition government to serve […]
Greece Nears Agreement on Coalition Government
Posted November 8th, 2011 at 10:40 am (UTC-5)
Debt-ridden Greece moved closer Tuesday to forming a coalition government, with economist Lucas Papademos the likely choice as interim prime minister. Current socialist Prime Minister George Papandreou demanded the resignations of his Cabinet in advance of an agreement with opposition leader Antonis Samaras on a new government to serve until national elections can be held […]
Greek Power-Sharing Talks Continue in Athens; Italy Faces Key Vote
Posted November 8th, 2011 at 5:35 am (UTC-5)
Greek party leaders continued their negotiations Tuesday in an effort to form an interim government. European finance ministers are awaiting the formation of the new government in Greece before deciding whether to hand the country another segment of its bailout money. The finance ministers met late Monday in Brussels to consider the $11 billion Greek […]
