January 16, 2011
Europe is good in sharing. After Greece and Ireland it has gained experience in bailing other nations of the European Union out. Even though these are efforts that are not welcomed by the countries, which received help because it shows they cannot handle their own problems themselves, other nations, such as Germany and France have ...
December 5, 2010
U.S. money-market funds are in risk. The worsening situation in Europe will have large negative impacts on some of the largest U.S. funds as these hold billions of dollars in securities issued by Spanish and Italian banks. Europe’s situation has to improve now. It is no longer a major concern for European businesses and countries, ...
Tags: Banco Santander,
BBVA,
Europe,
European Central Bank,
European Union,
Greece,
Intesa,
Ireland,
JP. Morgan,
Legg Mason,
Mary Athridge,
Portugal,
U.S. money-market funds,
Western Asset Money Market Fund
November 29, 2010
The debt crisis that has been tearing Europe apart has experienced another agreement that is working on establishing a safer economic state. Before it was too late and the threat to the currency became too large, Ireland was granted a $115 billion loan package on Sunday to help Dublin solve its huge budget deficit. In ...
November 16, 2010
On Monday the European statistics agency, Eurostat, revised Greece’s budget shortfall up to 15.4% for last year. This statistic as well as the current difficulties Portugal, Greece and Ireland are experiencing with their bond prices put Europe in a position of having to consider to offer help again. The question today is whether these countries ...