greek debt crisis

Markets Nervous as Eurozone Finance Ministers Meet on Greece

Concerns that European finance ministers will again fail to reach an agreement on handing over more bailout cash to Greece weighed on markets Monday. In addition, an election in Spain's Catalonia region that saw separatists gain ground is also adding to global investor worries.

Are Bitcoins Becoming Europe's New Safe Haven Currency?

With the woes of Greece, Spain and Italy still punishing the euro, a lot of Europeans are shifting assets into Bitcoins, a freely convertible currency that's free of government interference. Could the eurozone crisis bring this digital money into the mainstream?

Greek Default Sets Record: No Problem, Says Bernanke!

On Friday, Greece reached a deal to "restructure" its national debt downward by about $133 billion. That's the biggest sovereign restructuring in world history. But don't worry. According to Fed Chairman Ben Bernanke, it's no big deal for the U.S.

How You Can Still Benefit From the Greek Debt Crisis

Greece isn't going to rebound anytime soon, and Europe about to rapidly propel itself out of its mild recession either. But obsession with the Mediterranean's economic basket case has caused many investors to miss strong overseas gains. Here are three companies leading the charge.

5 Ways Europe's Woes Will Hit Your Finances in 2012

By most indications, the U.S. economy is recovering fairly well for the time being. But across the Pond in Europe, another story is unfolding that has the stock market worried -- and it should have your attention, too.

5 Financial Turkeys of 2011 (and a Side of Stuffing)

At Thanksgiving, we remember the year's blessings and declare hope for the future. But if you're having a hard time swallowing that this year, we offer this recipe for cooking up 2011's most egregious financial news stories. Bon appetite!

As Italian Drama Persists, Small Businesses Worry

The Atlantic Ocean is wide, but maybe not wide enough. On Thursday, markets had a mixed reaction to the deepening economic crisis in Europe. Some sources reported that the European Central Bank would step in. But in the U.S., small business owners are growing nervous.

It's Europe's Fault: They're Holding Back the Recovery

Many European nations have deficits that make the U.S. look thrifty, and over a year after their problems came to light, they're still holding the worldwide recovery back. But because they share the euro, normal solutions aren't available, which means the EU must bite the bullet and accept an orderly default, or watch matters spiral downward.

Why Slovakia Is Making Markets Hold Their Breath

Tiny Slovakia looked set on Tuesday to reject the expanded eurozone bailout upon which global investors were pinning their hopes -- and at this moment, the Slovak Parliament could veto the Continent's plan for economic salvation. How did it it come to this, and what could happen next?

Financial Landscape: Post-Recession Blues; Qwikster Nixed

American household incomes have fallen more since the recession ended than they fell during it, a new study reveals; EU leaders say they have a plan to solve the sovereign debt crisis; and Netflix has declared its big Qwikster plan dead on arrival.

A Reader Asks: Is My Money Safe in the Bank?

More than 70 U.S. banks have failed this year, according to the FDIC. And one DailyFinance reader wants to know how safe is the money in our bank accounts? Laura Rowley responds.

The Financial Landscape: Is Italy the Next Greece?

As the eurozone sovereign debt crisis continues, focus is shifting to Italy as the next potential victim. But for worries closer to home, consider this: $37 billion in U.S. government benefits designed to help people through the downturn will expire by the end of 2011, leaving a hole twice that size in the economy.

Financial Landscape: DSK Case and Portugal Get Shakier

Portugal's economic health is at risk of collapse after Moody's cut its rating of the country's debt to junk status. Also at risk of collapse: The case against former IMF head Dominique Strauss-Kahn after The New York Post reported that his accuser was working two jobs -- as a maid and a prostitute.

The Financial Landscape: An Economic Spilt Personality

Is the American recovery fast or slow? Depends on who you ask. The Wall Street Journal sees corporate America merrily rolling along while Main Street suffers. The New York Times warns that Wall Street is about to feel the pinch too. But nobody is all that optimistic about Greece today.

Renting Relics: An Offbeat Fix for Greek Debt Woes

Greece is in debt, in trouble, and its people are rebelling against austerity measures. But it's not without resources: What could the government in Athens get if it leased the Parthenon? Or naming rights to the Acropolis? Sacrilege, perhaps -- but when you really need the money...

The Financial Landscape: Gas Is Falling; Euro is Failing

Even before the International Energy Agency and the White House announced they were releasing billions of gallons or oil from fuel reserves, gas prices were falling. In the past two weeks, a gallon is down more than 11 cents. Also falling -- hopes for the euro, and the outlook for U.S. Treasury bonds.

The Financial Landscape: Big Pharma Wins; So Does Greece

It's a good day to be a drugmaker after two pro-business Supreme Court rulings favored the industry. And it's an even better day for those who are counting on the EU bailing out Greece. But the folks at Google may want to search for "defense lawyers" -- they may be seeing subpoenas shortly.

The Financial Landscape: Debt Woes, Hedge Fund Regs

Politicians in both Greece and the U.S. are struggling to find the common ground necessary to keep their governments from defaulting on their debts; QE2 hasn't ended yet, and already the Fed is considering QE3; and the SEC finally starts to regulate Wall Street's hedge funds.

The Financial Landscape: SEC Fines JPM Over CDOs

The news across the financial world is good for unions, which will find organizing a bit easier; adequate for Greece, which will find getting bailed out a bit easier, and bitter for JPMorgan which had to accept a $153.6 million SEC fine for misleading investors about a mortgage securities transaction.

The Financial Landscape: Wins for Wal-Mart, Utilities

The Supreme Court kept up its corporatist streak Monday, handing down two key decisions that were certain to please the Chamber of Commerce. The first helped Wal-Mart quash a massive class action sex discrimination suit; the second stopped states from suing power companies over greenhouse gas emissions.

Why Japan Is Rushing to Aid Europe: It's All About China

World markets got a boost this week from Japan's pledge to help overly indebted EU nations. What's behind Japan's move? Sure, the spirit of global cooperation is part of it. But much more significant is Tokyo's need to keep pace with Beijing in the influence game.

Best and Worst Global Stock Markets of 2010

The big national stock market winners of 2010 scored returns far above those of U.S. markets by piggybacking on China's ferocious growth. But rebounding American equities look mighty impressive next to the year's real losers: the victims of the eurozone debt crisis.

How Bad Could Ireland Get? See Iceland

Despite widespread anxiety about the Greek debt crisis last summer, global markets recovered with minimum damage. Now, investors facing another crisis in Ireland may be tempted to draw a comforting lesson from the Greek experience. But it may not be that simple.

Ireland Deal: Euro-Politics Plays a Major Role

Investors should stay focused on the dynamics within European politics that shaped the rescue. Other indebted economies -- like Spain, Portugal and Italy -- could find themselves in a similar situation, after all. And politics will again guide market moves.

Buffett Warns That Euro Faces a 'Real Challenge'

The euro has posted its biggest quarterly gain in eight years, but billionaire investment guru Warren Buffett is worried about Europe's common currency. Despite the E.U.'s trillion-dollar bailout fund, he's not sure the Continent will be able to avert a sovereign debt meltdown.

Political Gridlock in the U.S. vs. China's Political Savvy

While American pols deal in brinksmanship over taxes and the economy, China's leaders are smoothly gaining influence on the world stage. Witness the good will generated by Premier Wen Jiabao on his recent whirlwind tour of Europe.