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At the start of a new week, all eyes are on Greece. E.U. finance ministers postponed agreement on a bailout until they see proof that its government will follow through on austerity measures. Meanwhile, some big U.S. firms are pushing for a generous tax holiday.
Why the European Debt Crisis Is Far From Over
8:00AM 3/27/2011
The European debt crisis is back: Portugal is in political turmoil, and may need a major bailout, and Spain may too. But the E.U.'s strong healthy are rebelling against propping up their weaker neighbors. The real issue, though, is that the E.U. hasn't yet addressed the fundamental flaw built into it at the euro's creation.
Best and Worst Global Stock Markets of 2010
12:00PM 12/29/2010
The big 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.
Why Ireland's Austerity Budget Isn't Likely to Prevent a Default
11:00AM 12/08/2010
Simply put, the losses Irish taxpayers will be forced to cover are larger than the nation's economy can support, even with the promised bailout. The EU and Irish political leadership's attempts to put a brave face on the crisis is no match for this crippling burden.
Stocks Continue Slide on Euro Debt Fears
1:05PM 11/26/2010
One thing investors are probably thankful for is that this holiday-shortened trading week is finally over. The U.S. stock market logged just a half day Friday but not before posting more deep and broad-based losses, as European sovereign debt fears continued to push traders out of riskier...
Europe's Sovereign Debt Crisis: Is Round Two Around the Corner?
4:20PM 8/30/2010
Europe's shakiest economies managed to ride out a sovereign debt crisis this spring with a lot of help from their more stable neighbors and the major central banks. But new data suggests we may soon see a replay of the debt default crisis.
Ratings downgrades for Spain, Portugal and Greece have alarmed already-rattled credit markets, sending borrowing costs sky-high. As contagion spreads, Europe's politicians need to stop dithering over the bailout and take dramatic steps to reassure markets.
Big trouble for Portugal Wednesday as credit-ratings agency Fitch slashed the country's sovereign debt rating and warned of further downgrades if it doesn't contain mounting budget deficits. Portugal, like Greece, is one of Europe's so-called PIIGS, which are struggling with deep fiscal woes.
The Dow surged Tuesday on reports the European Union is hatching a plan to end the Greek debt crisis. But just because the blue-chip index sits above 10,000 again doesn't mean the latest threat to equities is over. Investors should brace themselves for more tremors to come.
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