Posts Tagged ‘europe’
US Futures down on Greece is Spain next?
Dow Live Report: The Greek financial scandal is, as expected, strating to affect markets outside EU. Before opening, the Dow futures are down nearly 50 points. Asia also showed red numbers. Currently, the Euro is under self-inflicted pressure and depending upon how stable the other members are (or not) repercussions may have a substantial effect [...]
Standard & Poor grades Greek economy as junk
In another blow to the European recovery, Standard & Poor has now downgraded Greece to a junk nation. While this may not come as a surprise, the effect may become bigger than expected. Greece has severely harmed the EU recovery and in a way also the EU formula. In breaking the rules and misleading their [...]
New toxic cloud as volcano eruption strengthens
Right when it seemed like the Icelandic Eyjafjallajokull volcano was calming down, a strengthening eruption spews new toxic ash vlouds drifting rapidly towards UK and Europe. Airlines are still grounded and the economic impact on European, and indirectly global, economy will worsen considerably as stockpiles dwindle and business in general is affected. The economic impact [...]
