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Greece Has Worst Credit in the World – Below Pakistan and Ecuador
European finance ministers are working to resolve a quandary over how to talk banks into “voluntarily” contributing to a second Greece bailout and avoiding a destructive debt default. This attempt to...
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A Long Night in Brussels Ends With a Greece Debt Deal
The midnight oil burned in Brussels as European finance ministers, heads of state, bankers and the International Monetary Fund (IMF) try to reach an agreement to restructure Greek debt. In the deal,...
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Fallout From European Credit Downgrades Still Underway
European leaders will this week try to deliver new fiscal rules and cut Greece’s onerous debt burden. All this in the wake of Standard & Poor’s (S&P) Eurozone downgrades. France was not the...
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Eurodammerung?
Despite Germany’s strong manufacturing output in March, it was not enough to compensate for a slump across the rest of the Eurozone with declining production, a signal that an expected recession may...
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Germany Catches Cold
In a sign that no Eurozone nation is completely immune to the shocks of the European debt crisis, ratings agency Moody’s Investor Services has cut the credit ratings of six banks in Germany. The...
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Germany Runs Half the Country on Solar Power
During a spell of extremely sunny weather, – on Saturday, May 26 — the solar-energy record by sourcing nearly 50 percent of its daytime electricity needs from sunshine. According to Germany’s...
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Back to the Drawing Board for Greece
International lenders and Greece will renegotiate the program on which the second financial bailout for Athens is based because the original has become outdated, according to a senior Eurozone...
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