Posts Tagged ‘greece’
Gold rush points to further economic weakness?
The Dow closed 1.5% down on Friday following a turbulent week with varying signals on the direction and effects of the Eurozone crisis packages. The week ended with more or less everything down apart from Gold that strengthened. The fact that Greece is not the only country in serious trouble started to sift through the [...]
World Economy – Ready for the Big Bang?
Asia and Europe continue to loose ground as the Euro zone economic troubles spread. Even Scandinavia is starting to unroll the red flags as Swedish finance minister Anders Borg declared that the effects of the Greek scandal are now being felt. On top of this, the speed at which the European community and IMF are [...]
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 [...]
Greece gets help from EU in more trouble
EU is ready to support Geece with loans and guarantees such as from the German State-owned Development Bank Kreditanstalt fuer Wiederaufbau (KfW). Any support would come with strong conditions.
Greek Prime Minister George Papandreou, who in recent days met with European politicians, declared in London on Friday evening that the Greek government is planning to [...]
