Posts tagged EU debt crisis

A bank employee counts Euro notes at Kasikornbank in Bangkok

EU looks to finance its over spending by stealing money from bank accounts

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2 months ago
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EU looks to finance its over spending by stealing money from bank accounts Cyprus deal shock sends shares tumbling, gold up ReutersReuters By Marc Jones LONDON (Reuters) – The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through [...]
EURO_theridgewoodblog.net

ITS GREEK TO ME – WAIT – OR IS IT GERMAN !

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10 months ago
in
ITS GREEK TO ME – WAIT – OR IS IT GERMAN ! Posted by svazarkar on November 3, 2011 Over the past year the European debt crisis has been under constant focus and has been driving market volatility around the world. Recently, on Oct 27th 2011 the major EU powers came up with a package of over 130 [...]
Wolfgang_Schaeuble_theridgewoodblog.net

Germany rebuffs Obama’s advice on euro crisis

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10 months ago
in
Germany rebuffs Obama’s advice on euro crisis BERLIN (AP) — Germany’s finance minister is rejecting U.S. President Barack Obama’s calls on Europe to move faster in fighting its debt crisis, telling him to get the American deficit under control instead. Wolfgang Schaeuble told public broadcaster [...]
Grecian_Formula_theridgewoodblog.net

The Grecian Formula for Economic Decline

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11 months ago
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The Grecian Formula for Economic Decline Amy PayneJune 18, 2012 at 9:04 am(11) The President and his team have been blaming “European headwinds” for some of the U.S. economy’s woes. But the truth is that the policies pursued by Washington and Athens are frighteningly similar—and the outcomes are [...]
300 movie image Gerard Butler

Bank Run: Greeks Withdraw $1 Billion a Day Ahead of Vote

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11 months ago
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Bank Run: Greeks Withdraw $1 Billion a Day Ahead of Vote Published: Wednesday, 13 Jun 2012 | 7:01 AM ET By: Reuters Greeks pulled their cash out of the banks and stocked up with food ahead of a cliffhanger election on Sunday that many fear will result in the country being forced out of the [...]
greece_theridgewoodblog.net

Greece Warns of Going Broke as Tax Proceeds Dry Up

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11 months ago
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Greece Warns of Going Broke as Tax Proceeds Dry Up Published: Wednesday, 6 Jun 2012 | 5:52 AM ET By: Niki Kitsantonis contributed reporting from Athens and Paul Geitner from Brussels The New York Times As European leaders grapple with how to preserve their monetary union, Greece is rapidly running [...]
AIG_CEO_Robert_Benmosche_theridgewood blog.net

AIG Chief Sees Retirement Age As High As 80 After Crisis

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11 months ago
in
AIG Chief Sees Retirement Age As High As 80 After Crisis By Boris Cerni and Zachary Tracer – Jun 3, 2012 6:00 PM ET American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more [...]
EU_turmoil_theridgewoodblog.net

Big European funds dump euro assets

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11 months ago
in
Big European funds dump euro assets By David Oakley and Alice Ross in London Some of Europe’s biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the eurozone and single currency turmoil. The euro’s sudden fall this month caught many [...]
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