Category Archives: Greece

European banks see debt threat in U.S. as well as at home

  The deadlock in Washington over how to avoid a government default increasingly threatens to strike another blow to Europe’s ailing financial system because of the tremendous sum of Treasury bonds and other U.S. debt held by banks across the Atlantic. If the United States defaults and its top-notch credit rating is downgraded, European banks [...]

Posted in Bond Markets, Deficit Spending, Euro Zone, Greece, Overseas Markets, Solid Principles | Tagged as: , , , , , | Leave a comment

Obama & Co., Growing Up Fast

By:  Victor Davis Hanson National Review Obama and his EU counterparts are learning that high-minded adolescence makes for bad governance. But it’s an expensive lesson. Old laws predicated on human nature cannot so easily be discarded — even by utopians who think they have the power to cool the planet and stop the rising seas. [...]

Posted in Barack Obama, Bond Markets, Credit Markets, Economy, Greece, National Review, NRO, Solid Principles | Leave a comment

The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown

By Nile Gardiner The last few weeks have been a nightmare for President Obama, in a summer of discontent in the United States which has deeply unsettled the ruling liberal elites, so much so that even the Left has begun to turn against the White House. While the anti-establishment Tea Party movement has gained significant [...]

Posted in 2010 Elections, Afghanistan, al Qaeda, Barack Obama, Bowing, Budget, Economy, Energy Issues, Foreign Policy, Gallup Poll, George W. Bush, Greece, Iran, Iraq, National Defense, Offshore Oil Drilling, Polls, Rasmussen Reports, Solid Principles, Tea Party, U.S. Military, War on Enemy Combatants, War on Terrorism | Tagged as: , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Libyan Ship Sails for Gaza; Israel Blasts ‘Unnecessary Provocation’

CAIRO — The organizer of a Libyan charity ship bound for Gaza said Sunday he was determined to reach the Palestinian territory despite reports the vessel would divert to a nearby Egyptian port in the latest attempt to thwart an Israeli naval blockade. The trip comes over a month after Israeli naval commandos boarded a [...]

Posted in Fox News, Gaza, Greece, Hamas, Israel, Solid Principles, War on Enemy Combatants, War on Terrorism | Tagged as: , , , , , , , | Leave a comment

World Stocks Sink on Renewed Eurozone Fears

Stock markets around the world sold off sharply Tuesday as renewed fears of market instability seized investors. The Euro continued it’s slide and markets from Asia to the Eurozone had steep declines in reaction to the Bank Of Spain’s actions over this past weekend, where the Bank took over a Spanish bank that was unable [...]

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Greek strikers march on parliament against cuts

ATHENS, May 20 (Reuters) – Thousands of striking Greeks marched on parliament on Thursday, in a test of the government’s resolve to implement tough austerity measures demanded by the EU and IMF to drag Greece out of its debt crisis. The strength of the march will indicate whether anger against the government’s wage cuts, tax [...]

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European Markets Surge

By: ISHAQ SIDDIQI European stock markets pushed sharply higher Monday, while sovereign debt markets slumped, as market participants reacted to news of a hefty €750 billion ($955 billion) rescue package to stabilize the euro and prevent the Greek debt crisis from affecting other member countries. The Stoxx Europe 600 index jumped 5.9% to 251.09. London’s [...]

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Five Greek Myths, 2010 Version

By David Wessel Economist Carmen Reinhart of the University of Maryland is enjoying more celebrity than usually accrues to scholarly geeks thanks to a well-timed book, “This Time Is Different: Eight Centuries of Financial Folly,” co-authored with Harvard’s Kenneth Rogoff. In an op ed essay in Sunday’s Washington Post, Carmen Reinhart and her husband, Vincent, [...]

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U.S. Stock Futures Claw Back Gains After Tumult

By STEVE GOLDSTEIN U.S. stock futures rose Friday after one of the most tumultuous sessions in history, ahead of key nonfarm payrolls data, as investors eyed Greece developments and the outcome of tight U.K. elections—and braced for further volatility. Over three hours before the start of trading, Dow Jones Industrial Average futures added 37 points. [...]

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Crisis Deepens; Chaos Grips Greece

ATHENS—Greece’s fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies. U.S. Treasury officials have been quietly urging their European and International Monetary [...]

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