The Guardian Greece Cut to Junk by Moody's on 'Substantial' Economic Risks BusinessWeek June 15 (Bloomberg) — Greece's credit rating was cut to non-investment grade, or junk, by Moody's Investors Service, threatening to further undermine demand for the debt-strapped nation's assets as it struggles to rein …
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BBC News The Arithmetic Adds Up to a Greek Restructuring Wall Street Journal When it comes to the €110 billion they've pledged to Greece, officials of the European Union and the International Monetary Fund insist that a debt default by the bedraggled country is beyond contemplation.
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Telegraph.co.uk European Nations Take Steps to Pare Deficits New York Times PARIS — Fearful of becoming the next Greece, European governments are lining up to demonstrate to investors, who have long helped finance their spending, that an era of austerity has begun. …
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Reuters UK Europe Feels Heat Despite Drive to Cut Deficits New York Times Members of a teachers union marched Tuesday in Bilbao, Spain, during a one-day strike to protest proposals to reduce salaries. By MATTHEW SALTMARSH and ELISABETTA POVOLEDO PARIS — Fearful of becoming the next Greece, European governments are lining up …
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Reuters In Europe, Britain May Face Largest Debt Hurdle New York Times LONDON — As governments from Greece to Portugal to Spain try to sell markets on their budget-cutting zeal, the country that may face the biggest hurdle is Britain. Propelled by a robust economy that finally collapsed in 2008, … IMF presses Spain for major shifts in spending, labor rules Washington Post FOREX-Euro declines broadly on Spain, growth concerns Reuters Euro falls more than 1% on Spanish bank worries MarketWatch Wall Street Journal
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World Stock Markets: Spain Stocks' Year-to-Date Drop at 22% Wall Street Journal The IBEX 35 closed down 119.40 points, or 1.3%, at 9287.90, bringing its loss for the year to 22%.
Reuters Greek Unions Stage 24-hour Strike Over Pension Reforms Wall Street Journal ATHENS (Dow Jones)–Public and private sector services across Greece ground to a halt Thursday as hundreds of thousands of workers walked off the job to protest Greek government pension reform and recent austerity measures. Local and central government ..
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Spain's stocks face a summer of discontent MarketWatch The IBEX 35 (SIBE:XX:IBEX) is the worst performing European stock market index behind Greece, down 22% year-to-date, versus a 25% fall for Greece's ASE … and more
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Reuters Deutsche Bank, Allianz shares trade lower; miners also drop MarketWatch In more peripheral markets, Spain's Ibex 35 index (SIBE:XX:IBEX) dropped 3.1% to 9328.00 and Greece's ASE Composite index (ATHENS:XX:COMPO) fell 1.5% to … Germany Bans Naked Short-Selling, Swaps Speculation BusinessWeek MARKET COMMENT:European Shares Advance For First Session In 3 Wall Street Journal Bourses drop sharply after Berlin regulatory move Financial Times India Infoline.com
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