One of the drawbacks of reporting financial news is that there are times when huge macro economic events completely dominate the financial news landscape. Greece and the Euro problem are THE issue of the moment and the markets and the mainstream and financial media just can’t move past the subject. “The only story that matters […]
Ancient Greek News and Obama's 'Buffett' Tax Read More »
“We’re taking no lectures from you” was the polite message European finance ministers and policy makers subtly delivered to USA treasury secretary Geithner on Friday during their meeting in Poland. Austrian Finance Minister Maria Fekter found it “peculiar” to be lectured by the USA, a country with higher aggregate debt than the euro area. When
European Finance Ministers: USA Should Get Own House in Order Read More »
Equities received a modest boost in USA in late trading on Monday evening as news emerged that Italy is apparently courting China trying to get it to buy as much of it’s ‘junk’ as possible. Apparently these negotiations have been conducted ‘in camera’ for weeks but only now the news has leaked. Desperation or inspiration,
Italians Wooing Chinese to Buy Italian Bonds Read More »
