Greece News
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Mexican President Felipe Calderon said holders of debt issued by European countries such as Greece must “take responsibility” for the current crisis.
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Updated 2 hours, 34 minutes ago
Saudi Arabian shares, led by banks and petrochemicals, rallied to the highest level in more than 12 weeks after European leaders struck a deal to enact measures to contain the sovereign-debt crisis.
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Updated 1 hour, 27 minutes ago
European leaders may struggle to maintain the euphoria that drove the euro to its biggest one-day gain in more than a year as scrutiny deepens on their latest attempt to stem the region’s turmoil.
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Most Greeks believe the latest European Union accord on a new bailout package and a debt writedown for the country is negative, an opinion poll showed.
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The waiving of Greek debt won’t be reflected in the German federal budget for fiscal 2012-2013, Bild reported today, citing internal calculations from the German finance ministry.
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The euro area’s bailout fund could at some point issue bonds denominated in the Chinese currency, Chief Executive Officer Klaus Regling said in Beijing today.
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The euro advanced for a third straight week against the dollar in the longest stretch of gains since June after European leaders agreed to a recapitalization of banks and voluntary losses for holders of Greek debt.
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Asian stocks surged by the most this week in more than two years after a breakthrough in Europe boosted confidence the debt crisis will be contained, U.S. growth accelerated, and China hinted at easing monetary policy.
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Steve Jobs belittles his “bozo” colleagues, Barack Obama falls for Lawrence Summers, and quant Emanuel Derman deplores Wall Street’s “hypocrisies” in three of our favorite business books so far this year. Here’s a list of recommended titles.
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European stocks climbed for a fifth week, the longest stretch of gains in 18 months, after the region’s leaders struck a deal to enact measures to contain the sovereign debt crisis following months of negotiations.
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