www.euronews.com Greece’s four biggest banks have posted huge losses for last year as they wrote down the value of Greek government bonds. They were hit hard by last month’s bond swap to cut the country’s debts part of the rescue package negotiated by Athens with the European Union and International Monetary Fund. Alpha bank lost 3.8 billion euros, Eurobank 5.5 billion, National a whopping 12.3 billion and Piraeus 6.6 billion for a total of 28.25 billion euros
US Treasury Secretary Timothy Geithner in a speech today encouraged European governments to support the International Monetary Fund's (IMF) efforts to double its cash on hand and build an even higher firewall to prevent …
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With George Soros warning of a growing European crisis, the economic clouds that have been forming over Washington for years are growing darker by the …
COPENHAGEN (Reuters) – Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies.
Just weeks after European officials defused a financial time bomb in Greece, the ticking is growing louder in Spain. For officials in Madrid, the scenario is painfully familiar to what happened in Athens. Skittish investors, worried ..
Forexpros – The dollar extended Friday's gains against the world's major currencies on Monday on sentiment the European debt crisis is rekindling in Spain, while weaker-than-expected growth figures out of China also …
Forexpros – The euro traded lower against the U.S. dollar Friday, falling for the first time in three days, as worries that the European Central Bank may need to restart its bond purchase program causing intensified debt …