Monthly Archives: May 2012

Reuters By Marc Jones and Jan Strupczewski May 31, 2012 (Reuters) – The European Central Bank stepped up pressure on Thursday for a joint guarantee for bank deposits across the euro zone, saying Europe needed new tools to fight bank … Continue reading →

Yahoo! Finance By Jeff Macke May 30, 2012 Peter Schiff makes it clear, up front, why he’s not trying to save America from fiscal disaster. He’s not un-American, he’s just too late. “We’re already bankrupt,” Schiff declares in the attached … Continue reading →

Fox News By Fox News Staff May, 29, 2012 Here we go again. Americans confidence in the economy suffered the biggest drop in eight months as worries about the weak jobs, housing and stock markets rattled them again. The decline … Continue reading →

Bloomberg.com By Sharon Smyth and Neil Callanan May 29, 2012 Spanish banks are masking their full exposure to soured property loans while they continue to prop up zombie developers, leading to credit-rating downgrades and plummeting share prices. Spain is working … Continue reading →

MailOnline By JAMES SALMON and THIS IS MONEY REPORTER May 24, 2012 Greece will drop out of the eurozone on 1 January 2013 and reinstate the drachma: that was the prediction today from banking giant Citigroup. The world’s second-largest currency … Continue reading →

Pressure on Greece increased dramatically on Wednesday night after Germany’s central bank called for a suspension of financial support to Athens and eurozone finance ministries agreed to draft contingency plans for a Greek exit from the euro. The Telegraph By … Continue reading →

CNNMoney By Chris Isidore May 22, 2012 NEW YORK (CNNMoney) — It’s not Greece that poses a problem for the United States. It’s the contagion that would spread if Greece exits the eurozone that would pose the greatest risks. Uncertainty … Continue reading →

New York Times By Landon Thomas Jr. May 20, 2012 LONDON — In a season of nightmare projections for Europe, this one could be the scariest: Greece leaves the euro currency union at the same time Spain’s banking system is … Continue reading →

Daily Mail Online By ADRIAN LOWERY May 18, 2012 Stock markets across Europe continued to slide today as it emerged that European Union officials are preparing a plan for Greece to bomb out of the euro. EU officials have insisted they … Continue reading →

Bloomberg.com By Joshua Zumbrun May 18, 2012 Federal Reserve policy makers may find another round of Operation Twist is preferable to an outright asset-purchase program if the economy shows further signs of weakness or risks increase. Chairman Ben S. Bernanke on April … Continue reading →