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As Ireland Gets Rescued, All Eyes on Portugal and Spain, Who’s Next to Collapse?
As the Irish banks are due to be rescued with up to 100,000 million euros in bailout funds, economists, investors and financial experts are turning their eyes on Portugal and Spain, asking “Who’s next?” An article in the Independent...
Ireland Confirms Billion-Euro Bailout Plea
Irish Prime Minister Brian Cowen confirmed Sunday that his country requested financial assistance, which has received the approval of European Union Finance Ministers as well as the IMF (International Monetary Fund). Didier Reynders, Belgium Finance Minister...
Ireland Bailout Within 2 Weeks, Portugal in 1 Month says RBS
The public debt crisis sweeping the European Union could be moving into decisive moments. The British governement controlled RBS (Royal Bank of Scotland) is betting on a bailout for Ireland in less than 15 days and another for Portugal before the end...
The Best Democracy Money Can Buy
For Argentineans currently watching Greece’s humiliating fall from fiscal grace there will be a distinct feeling of déjà-vu. Many will be excused if they are seen to be wearing their ‘Been There, Done That’ t-shirts. They will cast their minds...
Debt rating of Spain suffers downgrade
Spain follows Greece’s footsteps into a severe debt crisis as Standard and Poor’s rating agency cut Spain’s debt rating following a possible further deterioration of Spain’s budgetary position. Spain’s long-term sovereign...
Crisis in Dubai is over, says official
According to a report by Reuters, the United Arab Emirates’ foreign minister said Share
Unspent TARP money to be used for jobs: Obama
Barack Obama, President of the United States of America, has said that the unspent funds Share
UBS Expects Almost CHF2B 1Q Loss; To Cut 9000 jobs
Switzerland’s biggest bank, UBS announced Wednesday Share
IMF to provide Serbia with 3 billion euros
The International Monetary Fund announced Thursday it had granted Serbia Share
