GFC "Entering Dangerous Phase": EU Seen Going Off the Rails
Start the countdown clock to another leg down in the ongoing Global Financial Crisis
CNBC
Market Selloff: 'Contagion Spreading; They've Got to Stop This'
Fears that Italy, the world's third largest debtor nation, cannot afford its obligations shook world markets, sending investors into the relative safety of the U.S. dollar and Treasurys...
Italy at Breaking Point, Merkel Calls for 'New Europe'
Italian 10-year bond yields shot above the 7 percent level that is widely deemed unsustainable, reflecting investors' concerns that they may not get their money back and prompting German Chancellor Angela Merkel to issue a call to arms.
Merkel said Europe's plight was now so "unpleasant'' that deep structural reforms were needed quickly, warning the rest of the world would not wait...
Deal for New Greek Government Collapses
A deal on forming a Greek national unity government collapsed on Wednesday as the country headed towards an economic abyss, hours after outgoing Prime Minister George Papandreou said he was handing over to a coalition that does not exist...
65% Chance of Banking Crisis by End of November: Think Tank
There is a 65 percent chance of a banking crisis between November 23-26 following a Greek default and a run on the Italian banking system, according to analysts at Exclusive Analysis, a research firm that focuses on global risks.
- Merkel: Time to design a "New Europe"
- Markets: Contagion spreading beyond control
- Eurozone: No plans to rescue Italy
- Think Tank: 65% Chance of severe banking crisis by month's end
CNBC
Market Selloff: 'Contagion Spreading; They've Got to Stop This'
Fears that Italy, the world's third largest debtor nation, cannot afford its obligations shook world markets, sending investors into the relative safety of the U.S. dollar and Treasurys...
Italy at Breaking Point, Merkel Calls for 'New Europe'
Italian 10-year bond yields shot above the 7 percent level that is widely deemed unsustainable, reflecting investors' concerns that they may not get their money back and prompting German Chancellor Angela Merkel to issue a call to arms.
Merkel said Europe's plight was now so "unpleasant'' that deep structural reforms were needed quickly, warning the rest of the world would not wait...
Deal for New Greek Government Collapses
A deal on forming a Greek national unity government collapsed on Wednesday as the country headed towards an economic abyss, hours after outgoing Prime Minister George Papandreou said he was handing over to a coalition that does not exist...
65% Chance of Banking Crisis by End of November: Think Tank
There is a 65 percent chance of a banking crisis between November 23-26 following a Greek default and a run on the Italian banking system, according to analysts at Exclusive Analysis, a research firm that focuses on global risks.