Topic: Greece
GENEVA (Reuters) - Austerity measures being adopted by many industrialized world governments in the wake of the 2008-09 financial crisis are undermining economic recovery, a United Nations report said on Wednesday.Cuts in spending on health, education and other social programs in both ...
ATHENS (Reuters) - Fitch Ratings downgraded Greece's long-term foreign and local currency issuer default ratings on Friday to 'B+' from 'BB+ and put the ratings on rating watch negative, it said.The rating downgrade reflects the scale of the challenge facing Greece in ...
The Senate is aiming for a final vote on the financial reform bill this week. The action out of Europe was positive until big mouthed Paul Volcker and Deutsche Bank CEO Josef Ackermann renewed the fear last Friday. Ackermann voiced his opinion ...
The EU managed to find a brief respite in the recent doom and gloom, recording growth of 0.2% in the first quarter of 2010, against consensus estimates of 0.1%, and previous 0%. On an annual basis, the EU grew 0.5%, which was ...
Commodities charge ahead as economic headwinds ease Usually when investors think of Greece, its related to the alphabet with letters such as beta (for equities), alpha (for portfolio management) and delta (for options trading), which is common in investment terminology.In recent weeks, ...