Crisis
Analysis – Spain privatisations may help if debt crisis deepens
Analysis – Spain privatisations may help if debt crisis deepens MADRID (Reuters) – Spain’s plans to raise extra revenue from sales of state assets face substantial legal and political obstacles but their execution would cut the debt-laden country’s borrowing … Read more on Reuters Finance News (EU) via Yahoo! UK & Ireland Finance
Euro debt crisis deepens
Euro debt crisis deepens Fresh concerns about Greece defaulting on its debt sent a wave of panic through global debt and currency markets at the weekend, prompting a warning by Mike Smith, the chief executive of ANZ, that global credit markets face a period of renewed turmoil. Read more on Brisbane Times
As EU agrees crisis plan, Portugal woes steal show
As EU agrees crisis plan, Portugal woes steal show Portugal has an underpowered economy and weak exports that make it hard to pay debt. The bailout fund prevents a govt from restructuring its debts. Read more on The Economic Times
Moody’s debt downgrade adds to debt-laden Portugal’s woes amid financial crisis
Moody’s debt downgrade adds to debt-laden Portugal’s woes amid financial crisis LISBON, Portugal – Moody’s downgraded Portugal’s credit rating Tuesday, saying the debt-stressed country is struggling to generate growth and faces a tough battle to restore the fiscal health needed to calm jittery financial markets. Read more on Brandon Sun
Trichet Exit Looms as Crisis Keeps ECB Rate at 1%: Euro Credit
Trichet Exit Looms as Crisis Keeps ECB Rate at 1%: Euro Credit Jean-Claude Trichet will retire as European Central Bank president next October with the euro area still needing record-low interest rates, according to economists who accurately predicted the region’s monetary policy this year. Read more on BusinessWeek
IMF critical of euro zone crisis management
IMF critical of euro zone crisis management The head of the International Monetary Fund criticized Europe’s disjointed response to the euro zone debt crisis on Tuesday after Germany and other states resisted his calls for bolder action. Read more on Reuters via Yahoo! News
As ministers gather to tackle debt crisis, officials call for pan-European bonds
As ministers gather to tackle debt crisis, officials call for pan-European bonds BRUSSELS – The creation of new pan-European bonds would boost much-needed confidence in the euro, two top European officials said Monday, as finance ministers gathered in Brussels to find ways to fight the debt crisis. Read more on Brandon Sun
Debt crisis escalates in Europe; fears grow about Spain
Debt crisis escalates in Europe; fears grow about Spain LONDON – The debt crisis in Europe escalated sharply Friday as investors dumped Spanish and Portuguese bonds in panicked selling, substantially heightening the prospect that one or both countries may need to join troubled Ireland and Greece in soliciting international bailouts. Read more on Washington Post
Europe debt crisis flares anew
Europe debt crisis flares anew LISBON: Europe’s debt crisis flared anew yesterday as Portugal suffered a cut to its credit rating and European finance ministers battled to dispel fears about the health of the banking sector. Read more on Business Times
Bad Credit Debt Consolidation: Get Free From your Crisis
The borrowers who have debts piled up in their credit history may feel a problem coming to them. This will show itself to the borrowers when they are in need of money and are seeking finances for their needs. Bad credit situations where borrowers are stuck in debts can also be solved as well through [...]