Tag Archives: Bailout

UPDATE: ITALY FALLS APART

Simone Foxman Source: Business Insider  24 minutes ago While analysts have been making a big deal about the bank bailout in Spain this morning, it is important not to forget about Europe’s next-biggest problem: Italy. Yields on Italian government bonds … Continue reading

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Debt crisis: €100bn bailout could backfire on Spain

Spain’s €100bn bank bailout could backfire on Madrid by destabilising public finances and hampering the country’s access to capital markets, experts have warned. Mr Rajoy admitted that Spain’s economy would deteriorate despite the deal. Photo: Reuters By Louise Armitstead, Chief Business Correspondent The … Continue reading

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REPORT: Eurozone Countries Debate Delaying Aid Payments to Greece

by Simone Foxman Source: Business Insider  New York Times Syndicate The WSJ reports that eurozone countries are debating delaying aid payments to Greece in the wake of elections that ousted pro-bailout parties. This follows the cancellation of a trip by troika inspectors to … Continue reading

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Selected headlines from Mish: You don’t need to read the stories; the headlines paint the picture!

World Bank Warns of Economic Crisis in China; Only 3% Growth for Decade Says Michael Pettis Sharpen the Mower: Spain Needs Triple the Budget Cuts and Tax Hikes to Meet EMU Imposed Budget Targets Sarkozy Breaks Campaign Pledge, Says Treaty … Continue reading

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Bailout Total: $29.616 Trillion Dollars

        Barry Ritzholz, The Big Picture Blog Excerpt: “There is a fascinating new study coming out of the Levy Economics Institute of Bard College. It’s titled ‘$29,000,000,000,000: A Detailed Look at the Fed’s Bail-out by Funding Facility … Continue reading

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PressTV: Greek protesters occupy key ministries [The other side of the coin.]

It’s beginning to feel like most of the people on the planet are revolting against this attempted tyranny!  Meanwhile, the rest continue to look the other way. I wonder how bad it will have to get before they wake up. … Continue reading

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From Mike Larson at MoneyandMarkets.com: Europe’s bailout plan is doomed to fail …

Besides Mike’s interesting tidbit, here in a nutshell is a far more obvious one: Germany’s top judge has issued a blunt warning that no further fiscal powers may be surrendered to Europe without a new constitution and a popular referendum, vastly … Continue reading

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Here’s Why Everyone’s Thinking That Greece Might Default This Weekend

Simone Foxman  Business Insider Saturday, September 10, 2011 Tons of people are chattering about the possibility of a Greek default today, with Germany ready to bail out its banks if that happens. There are two reasons that people are speculating on a … Continue reading

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