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Greek default talk gathers pace

Business & Finance : Business Report

Talk of a possible Greek default gained pace while a pledge by the world's major economies to prevent Europe's debt crisis from undermining banks and the global economy steadied financial markets. ||| Talk of a possible Greek defaul...

Global stocks rally on euro hope

Business & Finance : Business Report

Global equities rose for a fourth straight day, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default. ||| New York - Global equities...

John Mauldin: If Greece Defaults, It Will Not Be Contained

Business & Finance : Business Insider: Money Game

Financial markets shuddered Monday as fears over Europe's sovereign debt crisis resurfaced yet again. Still, the Dow closed off its worst levels of the session amid the conventional view that Greece's debt crisis can be managed. But...

Italy's debt crisis: Why everyone is panicking

Business & Finance : Newsweek: Business

World financial markets erupted in turmoil this week, as fears mounted that Italy could default on its massive government debt. The crisis has already cost Italy's controversial prime minister, Silvio Berlusconi, his job. But why is...

Six reasons why Greece should default

Business & Finance : The Curious Capitalist

As global stocks tank over rising fears of a double-dip recession, one country at the center of the storm has never exited the recession – Greece. Amid its increasingly severe debt crisis, the Greek economy is in its third consecuti...


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