CANNES, France—While Greece was consumed by political turmoil, leaders of the Group of 20 industrial and developing countries on Thursday were scrambling to insulate the next most vulnerable economy: Italy. Italy has become a prime concern of the Cannes summit because the U.S., China and other G-20 members are now worried that Europeans may fail […]
F. Norris: Riots, Good Credit and Stocks
After a week of wild swings, stock markets ended with relatively mild moves for the week, proving there was no need to come home from vacation just because there was a little volatility. Here are the weekly changes for leading indexes in the United States and the largest countries in Europe and Asia, ranked by price change […]
WSJ: For Euro Zone, Firing All Guns Could Prove Costly
Europe has dramatically scaled up its efforts to stanch its sovereign-debt crisis since the start of last year, but to no apparent avail as the turmoil threatened this week to overwhelm Spain and Italy. Yet, governments still have some unused weapons in their armory—though the political cost of firing them will be high. As the common […]
Financial Times: Dual debt crises: The abyss that awaits
A week ago last Thursday, global equity markets were sitting pretty, secure in the expectation of good US employment figures and some breathing space in the European sovereign debt saga. Now, that confidence has disappeared. In its place, investors see contagion gripping the eurozone, renewed weakness in the American economy and the looming possibility that […]
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