Monti Introduces New ‘Technocratic’ Italian Cabinet
The newspaper Corriere Della Serra described the new cabinet as being composed "only of experts, no politicians".
Italian Borrowing Costs Surge to Dangerous Levels
Portugal, Ireland and Greece all were forced to accept a rescue package once their national bonds reached that emergency yield.
Eurozone Debt Crisis 2011: China to the Rescue?
China, which has about $3 trillion in reserves, would likely want strong guarantees in exchange for any contributions it makes to save Europe.
Analysis
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European Banks in Crisis: Smart Money Running For The Door as Investors Hang On For The RideAs equity investors play the ups and down of the stock market, fixed income money managers that provide day-to-day financing to the banks, investors in medium-term bonds and the peer banks themselves are scrambling for cover. The result: a dollar financing crunch that could deeply affect the banks and how they do business.
- U.S. Stocks Plunge on Europe’s Debt Woes: What Should Investors Do?
- Eurozone Collapse: Imbalances Unsustainable, Stands at Shocking Levels [CHART]
Markets
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The Danger and Absurdity of the Greek Credit Default Swaps Controversy
There is a Greek credit default swaps controversy brewing.
- Greece Rating Likely to Remain ‘Junk’: Fitch
- Eurozone ‘Stealth Bailout’ Masks Italy’s Massive Capital Flight
Companies
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Euro Crisis: U.S. Tech Vendors Mostly Dodged Bullets
Now that most U.S. technology companies have reported quarterly results, the upshot is that they largely dodged any...
- Companies Hoarding Cash Due to Eurozone Crisis Fears
- With Europe Plan in Place, All Eyes Turn to Fed
Politics
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Allowing Greece Into Eurozone Was A Mistake: Sarkozy
Sarkozy compared Greece’s problems to Lehman Brothers collapse in 2008.
- European Stance on Negotiations With Greek Bondholders Show Leaders Have More Steel Than U.S. Fed
- Euro Nations Finally Agree on Debt Accord
Opinion/Analysis
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Are Greeks Really European?
The Greek nation has had a vastly different history and trajectory from the dominant countries of Western Europe.
- Why Greece Matters to Your Life
- Despite Market Reactions, Global Financial Crisis Still Looms Large
