Tag Archives: Greece

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

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 [...]

Posted in Bond Markets, Business, Greece, Solid Principles | Tagged as: , , , , | Leave a comment

Brazil Stocks Decline Early Tracking Worries Abroad

By Gerald Jeffris: Of DOW JONES NEWSWIRES BRASILIA (Dow Jones)– Brazil’s Bovespa stock index extended recent declines in early trading Friday as the local market followed trends abroad spurred by continued concerns over fallout from fiscal woes in Europe. As of 1345 GMT, the main Sao Paulo stocks index declined 1.8% to 63,569 points after [...]

Posted in Bond Markets, Business, Euro Zone, Solid Principles, Wall Street Journal | Tagged as: , , , , , , , | Leave a comment

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, [...]

Posted in Bond Markets, Greece, Solid Principles | Tagged as: , , , , , , , | Leave a comment

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. [...]

Posted in Business, Greece, Solid Principles, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , , | Leave a comment

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 [...]

Posted in Bond Markets, Business, Foreign Policy, Greece, IMF, Solid Principles, Wall Street, Wall Street Journal | Tagged as: , , , , , , , , | Leave a comment

Rioters clash with police at Athens rally as anger mounts over expected harsh austerity plan

ATHENS, Greece (AP) — Hundreds of youths rioted in Athens on Saturday, throwing Molotov cocktails and stones at police who responded with tear gas at a May Day rally against austerity measures being enacted by the cash-strapped government to secure foreign loans to stave off bankruptcy. Police made at least nine arrests, including six people [...]

Posted in Greece, Solid Principles | Tagged as: , , | Leave a comment

Greece Agrees to New Austerity Moves

ATHENS—Greece has agreed with the International Monetary Fund and the European Union to take additional austerity measures expected to yield “around €23 billion” ($30 billion) as a precondition for financial assistance, a Greek official familiar with the talks on aid said. “We have basically agreed, and as it stands now announcements will come during the [...]

Posted in Bond Markets, Business, Greece, Solid Principles, Wall Street, Wall Street Journal | Tagged as: , , , , , | Leave a comment

Greek Bonds Still Under Pressure

By:  KATIE MARTIN LONDON—Greek bonds buckled Wednesday as investors flocked to safe havens amid mounting fears that other euro-zone countries could suffer a fate similar to Greece. Markets were already under pressure after Standard & Poor’s Corp. downgraded the debt of both Portugal and Greece. That double-whammy took Greece down to junk status and reinvigorates [...]

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

Brasilian Exchange (Bovespa) Down 2,360 pts.

Brazil’s Stock market sold off today in reaction to the Greek credit crisis, plunging 2,360 points. The ratings agencies downgraded Greek’s debt to junk status and it’s stock market plummeted 6% today.  The selloff spread through the rest of Europe as investors worried whether Germany would come to Greece’s rescue. ~~John Cronin~~ Recommend on Facebook Share [...]

Posted in Bond Markets, Business, Solid Principles, U.S. Stock Market, Wall Street | Tagged as: , , , , | Leave a comment