The bailout proposed for the Greek debt crisis would actually earn money for Germany and other EU lenders.
A Christian Science perspective.
The Greece debt crisis, which is still subject to German parliamentary approval and may be challenged in court, is putting unsustainable stress on the European Central Bank, some analysts say.
No longer a mere threat, the Greek financial crisis has spread to the eurozone and has raised concern over contagion.
The Greek debt crisis continued to roil European debt markets on Wednesday after a leading rating agency cut the country's debt status to junk. While short term aid to Greece is a near certainty, economists warn that more international cash – and painful political steps in Athens – will be needed.
Two of 26 suspected Hezbollah members accused of plotting attacks on tourists and shipping in the Suez Canal and of sending operatives and explosives to Gaza to help militant groups there, peer out from the prison vehicle as they arrive at the Emergency State Security Court in New Cairo, Egypt, on Wednesday. An Egyptian judge sentenced three of the accused to life in prison, and the rest of the group received sentences ranging from 15 years in prison to six months.
The Greek debt crisis, which has sent bonds tumbling across southern Europe, has had a knock-on effect on stock markets in Asia. But one analyst says Asian banks and governments have limited exposure to Greek debt, so should weather the storm relatively unscathed.