Gjeldskrisen i EU
ATHENS (Reuters) - Greeks began voting on Sunday in an election expected to bring to power the radical leftist Syriza party, which has pledged to take on international lenders and roll back painful austerity measures imposed during years of economic crisis. Barring a huge upset, victory for Syriza, which has led opinion polls for months, would produce the first euro zone government openly committed to cancelling the austerity terms of its EU and IMF-backed bailout programme.
Highlights of the final day of the World Economic Forum in Davos, including a debate on the global economic outlook this afternoon 7.02pm GMT And that’s all for our Davos coverage this year (sorry for the radio silence, we had to leave the conference centre in a hurry to get the train home). So goodnight from Zurich airport (with its excellent Wi-Fi, pizza and weissbier), and thanks for your company this week. GW, JT and LE. 6.41pm GMT This afternoon’s session on the Global Financial Outlook failed the gender balance test, alas: 2.20pm GMT [...]
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK ( TheStreet) -- The good guys just keep on winning, Jim Cramer told his Mad Money TV show viewers Friday. But with next week's flurry of earnings, Cramer told investors to "stop, look and listen" and not step on the battlefield because the news will be coming too fast to follow. On Monday, Cramer said he'll be watching Norfolk Southern and Microsoft , a stock which he owns for his charitable trust, Action Alerts PLUS. Cramer [...]
Stock markets climb and bond yields fall as euro hits lowest value against dollar in 11 years as a result of ECB stimulus package The euro hit an 11-year low against the dollar on Friday as financial markets continued to digest the effects of the European Central Bank’s unprecedented €1.1tn quantitative easing stimulus package. Analysts said the euro, which has dived 7% since the start of the year, was on track for its biggest monthly fall against the dollar since the depths of the financial crisis in early 2009, and predicted that the single [...]
Whatever the result, the eurozone should not reject the voters’ verdict on Sunday but work with it It is inevitably tempting to see Sunday’s as a make-or-break moment, which could determine the fate of post-crash economic austerity across Europe as a whole. Greeks could decide on Sunday to honour their commitments to creditors, pursue structural reforms and make further cuts in public spending. Or they may reject the conditions that the European Union, the European Central Bank and the International Monetary Fund have attached to the bailout [...]