Thursday, May 6, 2010
Spanish-German Yield Gap Is ‘Litmus Test’ for ECB: Chart of Day
http://www.bloomberg.com/apps/news?pid=20601109&sid=a12VrzKVNfvA&pos=15
Banks in the region own $850 billion of Spanish assets, by Garthwaite’s estimate. The comparable figure for Greece is just $190 billion. Their holdings include $85 billion of government debt, exceeding the $75 billion total for Greek bonds.
Banks in the region own $850 billion of Spanish assets, by Garthwaite’s estimate. The comparable figure for Greece is just $190 billion. Their holdings include $85 billion of government debt, exceeding the $75 billion total for Greek bonds.
Greek Protests of Austerity Plan Leave 3 Dead (Update2)
http://www.bloomberg.com/apps/news?pid=20601087&sid=avSGW7ZQxfNU&pos=8
The violence escalated as small groups of self-styled anarchists, many with their heads wrapped in black scarves, broke off from the main demonstration and started attacking buildings and starting fires. Police, who had 1,700 officers on duty in Athens, arrested four people.
“The demonstrations in Athens are another factor that must be scaring off, turning the mood of credit markets even more against Athens,” Nobel prize-winning economist Edmund Phelps said in an interview on Bloomberg Television before the violence broke out.
The violence escalated as small groups of self-styled anarchists, many with their heads wrapped in black scarves, broke off from the main demonstration and started attacking buildings and starting fires. Police, who had 1,700 officers on duty in Athens, arrested four people.
“The demonstrations in Athens are another factor that must be scaring off, turning the mood of credit markets even more against Athens,” Nobel prize-winning economist Edmund Phelps said in an interview on Bloomberg Television before the violence broke out.
Wednesday, May 5, 2010
Tuesday, May 4, 2010
Merkel’s Coalition Steps Up Calls for EU ‘Orderly Insolvencies’
http://www.bloomberg.com/apps/news?pid=20601087&sid=akgf3fmsB6mM&pos=9
“We quite urgently need something for the members of European Monetary Union that we also didn’t have during the banking crisis two years ago,” Finance Minister Wolfgang Schaeuble told reporters yesterday. “Namely the possibility of a restructuring procedure in the event of looming insolvency that helps prevent systemic contagion risks.”
“We quite urgently need something for the members of European Monetary Union that we also didn’t have during the banking crisis two years ago,” Finance Minister Wolfgang Schaeuble told reporters yesterday. “Namely the possibility of a restructuring procedure in the event of looming insolvency that helps prevent systemic contagion risks.”
Gulf Oil Spill Is Bad, but How Bad?
http://www.nytimes.com/2010/05/04/us/04enviro.html
“The gulf is tremendously resilient,” said Dr. Dokken, the marine biologist. “But we’ve always got to ask ourselves how long can we keep heaping these insults on the gulf and having it bounce back. As a scientist, I have to say I just don’t know.”
“The gulf is tremendously resilient,” said Dr. Dokken, the marine biologist. “But we’ve always got to ask ourselves how long can we keep heaping these insults on the gulf and having it bounce back. As a scientist, I have to say I just don’t know.”
Monday, May 3, 2010
T-shirt vendor saves New York from car bomb threat as NY police commissoner says there nothing to link Taliban to bomb attempt
http://www.heraldsun.com.au/news/world/car-in-new-yorks-times-square-found-to-have-explosives-in-it/story-e6frf7lf-1225861151664
The drama came just one day after two Brooklyn men, one of whom was born in Australia, were arrested in Dubai and charged with supporting al-Qaida by running errands for the terror cell in New York.
The drama came just one day after two Brooklyn men, one of whom was born in Australia, were arrested in Dubai and charged with supporting al-Qaida by running errands for the terror cell in New York.
Greece Gets $146 Billion Rescue on EU, IMF Austerity Package
http://www.bloomberg.com/apps/news?pid=20601087&sid=alJWdKeR1TDU&pos=1
“Implementation will now be investors’ foremost concern in the coming months, and Greece will have to work hard to rebuild its reputation and regain market confidence,” said Annunziata. “It will be an uphill struggle.”
“Implementation will now be investors’ foremost concern in the coming months, and Greece will have to work hard to rebuild its reputation and regain market confidence,” said Annunziata. “It will be an uphill struggle.”
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