The leaders of the 27 countries that make up the European Union are to meet in Brussels Wednesday to try and find a way to keep the debt crisis in Europe from spiralling out of control and promote jobs and growth. The original meeting was supposed to be informal, but with pressure building in the […]
The Unofficial EU Summit Takes Centre Stage Read More »
Citigroup economist Willem Buiter, warned that Spain may be forced to follow the lead of the Greeks as it is crippled by debt burden. “Spain is the key country about which I’m most worried,” Buiter said in a report in Bloomberg. “It’s really moved to the wrong side of the spectrum and is now at
Get Out Of The Way Greece, Its Spain's Turn In The Spotlight Read More »
It’s extremely difficult to sum up what’s happened recently without being open mouthed. There comes a time when you begin to run out of adverbs and adjectives to either understand or explain the overall global economic situation. On the day when Greece’s one year bond yield reaches 528% the ASE, the Athens Stock Exchange index,
Greece's One-Year Bond Yield Rose To 528% On Tuesday, 527.9% above Germany's Read More »
