Stocks & Bonds: Rating Agency Warnings Bring Down the Markets
PARIS — The market euphoria over last week’s deal by European leaders to shore up the euro currency union succumbed to a darker mood Monday. In European trading and on Wall Street, stocks fell sharply...
View ArticleHedge Funds the Winners if Greek Bailout Arrives
That, more or less, is the bet that a growing number of investors are making now as they load up on Greek government securities that mature in March. That is when Athens hopes to receive a potentially...
View ArticleDealBook: In Euro Zone, Signs of Progress and Fears of Complacency
Francois Lenoir/ReutersMario Draghi, the president of the European Central Bank, with the German chancellor, Angela Merkel, at a European Union summit meeting in Brussels in June. PARIS – This may be...
View ArticleEuro Watch: Data Point to Slow Recovery in Euro Zone
The euro zone economy took a step closer to recovery this month as the rate of decline in the bloc’s private sector eased more than expected, a business survey showed on Thursday. But in an indication...
View ArticleBritain Takes on Brussels in Fight Over Bank Pay
BRUSSELS — The British finance minister, George Osborne, is expected Tuesday to urge his European Union counterparts to water down proposed rules restricting the size of bankers’ bonuses. The proposal...
View ArticlePoland Affirms Desire to Join Euro Zone
With the tiny island of Cyprus fighting to avoid a messy exit from the euro, it would seem a particularly inauspicious time for Poland, an economic powerhouse of Eastern and Central Europe, to be...
View ArticleIn Cyprus, Feeling the Pain of a Bailout
“The screen says 20 cents, but according to the troika it’s zero,” he said angrily. He was referring to the three international lenders — the European Commission, the European Central Bank and the...
View ArticleInside Europe: Germany Appoints Itself Parent to Restive Euro Children
BERLIN — Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the...
View ArticlePortuguese Debt Crisis Brings New Trouble for Euro
In an address to his beleaguered nation on Sunday, Prime Minister Pedro Passos Coelho warned that his government would be forced to cut spending more and that lives “will become more difficult” after a...
View ArticleScottish Independence Would Mean Loss of Pound, Osborne Warns
LONDON — With the euro crisis still smoldering, currency unions have a pretty bad name in Europe right now. That raises an awkward question for supporters of independence for Scotland: Could Scots opt...
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