European finance ministers on Tuesday ordered Greece and Spain to swiftly get debts under control as a recession threatened to undermine efforts to end a two-year crisis.
01/1/2012
— Filed under: Finance,Politics
Tags: debt, Greece, Spain
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Spain and Italy gave financial markets a boost Thursday as they successfully raised nearly euro22 billion ($27,98 billion) in two keenly watched debt auctions that showed renewed investor confidence in their attempts to get a grip on their debt problems.
12/18/2011
— Filed under: Finance
Tags: debt, Italy, Spain
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Investors were bracing for a possible mass downgrade of euro zone countries as soon as this week after EU leaders failed to come up with decisive measures to tackle the region’s debt crisis.
Oil prices slipped below $85 a barrel Tuesday, as doubts surfaced about expanding a bailout plan in Europe and OPEC cut its estimate for world oil demand.
European competition chief Joaquin Almunia warned yesterday he cannot rule out a new rescue in the unfolding eurozone sovereign debt crisis.The senior European policymaker’s warning came as financial markets plunged over concern about a European Union split over how to tame the debt crisis and prevent a Greek default.
Portugal and Ireland should benefit from the latest euro-zone debt restructuring package, but that will not translate into any immediate rating upgrades for those countries, Standard & Poor’s said on Wednesday.
07/17/2011
— Filed under: Finance
Tags: debt, Ireland, Portugal
Distressed debt hedge funds are looking to Europe and middle market companies to sustain returns as money returns to the strategy.
The responsibility for the Irish debt crisis rests primarily in Ireland, according to the most senior civil servant in the European Commission, Irishwoman Catherine Day.
