The fundamental, and at times, passionate debate about sovereign debt is a predictable part of the sequencing of the financial crisis rumbling through the West. The crisis has exposed three major fault lines in our fiscal systems. First, it broke the banking system, the fixing of which has extracted a heavy cost. Second, it shocked [...]
Posts Tagged ‘debt crisis’
Markets look for political leadership
March 3rd, 2010 by Financial Writer
Tags: banking system, borrowing, debt crisis, economic growth, financial crisis
more...EU tells Greece to do more on budget, markets improve
March 1st, 2010 by Financial Writer
The European Union urged Greece on Monday to announce new austerity measures within days to tackle a debt crisis that has shaken the euro zone and promised to help Athens overcome the problem.
EU Economic and Monetary Affairs Commissioner Olli Rehn made the call after a first round of talks with Greek officials amid growing market [...]
Tags: athens, debt crisis, eu economic, european union, greece, greek borrowing, greek debt
Greek PM says economic crisis confirmed worst fears
February 26th, 2010 by Financial Writer
Prime Minister George Papandreou on Friday vowed to ignore the political costs and take drastic measures to pull Greece out of a debt crisis threatening the stability of the euro zone.
Speaking to parliament after a visit by EU economic inspectors, Papandreou said Greece did not want other countries to pay for its debts but expected [...]
Tags: debt crisis, economic crisis, eu economic, euro zone, greek pm, greek stocks
Debt crisis unsettles European economy
February 7th, 2010 by Financial Writer
Governments in Athens, Madrid and Lisbon struggled on Friday to quell fears of a looming debt crisis in Europe that is pummeling the euro and rippling across global markets, as authorities vowed to impose fiscal austerity and plug their yawning budget deficits. The problem, however, is that investors don’t appear to believe them.
Senior officials at [...]
Tags: borrowing, debt crisis, european economy, financial reckoning, investor, us exporters