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By Marlene Y. Satter, AdvisorOne |
January 17, 2012
Standard & Poor's followed up its mass cuts to the credit ratings of eurozone countries on Friday with a cut in the credit rating of the European Financial Stability Facility on Monday. EFSF officials said that nonetheless the facility was well enough funded to cope with the eurozone debt...
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By Robert Bloink, Esq., LL.M., William H. Byrnes, Esq. |
September 21, 2011
Greek default fears are starting to infect Germany and its banks, which have significant holdings of Greek sovereign debt. And the infection is spreading to the U.S. because of close connections between U.S. and German banks.
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By Gil Weinreich, AdvisorOne |
September 9, 2011
New German government plans to rescue its banks and insurers sent the clearest signal yet that a European banking crisis could be imminent.
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By Marlene Y. Satter, AdvisorOne |
September 7, 2011
Court challenges to Germany’s participation in the European Financial Stability Facility were thrown out on Wednesday, although the country’s top court warned that it was not granting “blanket” approval, and that the government must seek parliamentary approval for future bailout payments.
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By Marlene Y. Satter, AdvisorOne |
August 31, 2011
The members of German Chancellor Angela Merkel’s Cabinet gritted their teeth and passed a measure on Wednesday that would provide for a larger rescue fund in response to the euro zone debt crisis.
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By Marlene Y. Satter, AdvisorOne |
April 19, 2011
Although rumors of restructuring Greece's debt have been denied by Greece itself, the European Union (EU) and the International Monetary Fund (IMF), investors don’t believe them.
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By Marlene Y. Satter, AdvisorOne |
April 12, 2011
The announcement by Axel Weber in February that he was withdrawing his name from consideration as the next head of the European Central Bank opened the field to other candidates, but as time has passed Mario Draghi, head of Italy’s central bank, has emerged as the strongest of those.
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By Marlene Y. Satter, AdvisorOne |
November 28, 2010
The bond markets, worried that Ireland's political situation could upset bailout plans and fearing contagion to other euro zone countries, widened bond spreads and demand for U.S. 10-year Treasuries and the German bund rising on Friday.
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By Marlene Y. Satter, AdvisorOne |
November 28, 2010
EU officials unanimously approved a bailout plan for Ireland, and discussed building a permanent vehicle for future bailouts.
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By Vaughan Scully, Standard & Poor's |
March 24, 2010
The dollars are flowing into foreign bond funds. Here are some of the best