Topic: Euro Zone
The debt crisis will lower nominal national income while increasing the purchasing power of the US dollar.
05/19/2010 05:20 pm
The euro fell to a four-year low on Wednesday amid continued investor worries about Europe's sovereign debt woes. German Chancellor Angela Merkel banned naked short-selling, seeking to combine new regulation with an already announced $1 trillion euro rescue package, to shore up the currency.
05/19/2010 12:33 pm
The flash crash and worries about the euro have some market watchers predicting a meltdown in stocks.
05/19/2010 11:26 am
Why the European financial crisis could mean trouble for Americans.
05/17/2010 12:35 pm
The euro has fallen back to the pre-rescue package lows. Why? (And it's not because the rescue package failed to restore confidence.)
05/14/2010 11:10 am
Metals like gold and silver have become a core holding for more investors as they focus on the risks that lie in sovereign balance sheets. The gold price was as high as $1,245.80 per ounce Wednesday.
05/12/2010 07:29 pm
The Greek bailout package sets the stage for far greater problems down the road.
05/12/2010 12:55 pm
The US put $700 billion into a bailout of US banks during the financial crisis. Now the nations of the euro zone are proposing a similar bailout fund – €750 billion – to deal with the Greek debt crisis.
05/10/2010 08:58 pm
Photos of the Day Photos of the Day 05/10
Markets across the world soared after the European Central Bank promised the creation of a $955 billion rescue fund for eurozone countries with debt problems. But some economists are worried about moral hazard – bailouts leading to reckless spending.
05/10/2010 03:25 pm