-
By Marlene Y. Satter, AdvisorOne |
March 7, 2013
Progress outpaces U.S., but political storm clouds gather over southern Europe.
-
By John Sullivan, AdvisorOne |
January 24, 2013
Davos interview brings comments on Clinton hearing and Obama’s ‘I have a Drone’ speech.
-
By Marlene Y. Satter, AdvisorOne |
October 11, 2012
S&P not only downgraded the country’s sovereign debt rating two notches to a single level above junk, but also gave it a negative outlook. The ratings agency cited the uncertain economic and political situation in its reasoning.
-
By Marlene Y. Satter, AdvisorOne |
October 3, 2012
A combination of small-business failures and the move of large corporations toward countries considered tax havens has led to a drop of nearly two-thirds in the corporate taxes collected by Spain.
-
By Marlene Y. Satter, AdvisorOne |
September 7, 2012
ECB President Mario Draghi’s plan to buy bonds and drive down the interest rates for eurozone countries in trouble has lessened the stigma of asking for help, according to Prime Minister Mario Monti of Italy.
-
By Marlene Y. Satter, AdvisorOne |
August 15, 2012
Calling the move “just” in a country with unemployment near 25%, Prime Minister Mariano Rajoy also said that he was still considering asking for help from Europe to combat cripplingly high bond yields.
-
By Marlene Y. Satter, AdvisorOne |
July 10, 2012
Spain will be given an extra year to get its deficit reduction under control, but markets were not impressed with the action.
-
By Marlene Y. Satter, AdvisorOne |
June 26, 2012
The troubled eurozone continued to experience turmoil as Moody’s downgraded 28 Spanish banks and Cyprus requested a bailout that could amount to more than half its economy.
-
By Marlene Y. Satter, AdvisorOne |
June 11, 2012
Spain accepted a bailout Saturday for its financial sector, and Italy stepped up into the spotlight over concerns that it may be the next country to request aid.
-
By Marlene Y. Satter, AdvisorOne |
May 18, 2012
Moody’s cut the ratings of 16 Spanish banks, taking Banco Santander and Banco Bilbao Vizcaya Argentaria down three notches each. Fitch, meanwhile, dropped Greece into its lowest level in junk territory.