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| | | ... prices could be capped by a worsening global economic outlook, with fears the eurozone debt crisis will suck in Italy and Spain. The Hang Seng's gains were merely a technical rebound after they lost 4.7 per cent over the previous two days on the back ... |
| | | | ... point demanded by investors from the three junked countries of Greece, Portugal and Ireland. And it's also still lower than Spain's 325 basis point premium over German bonds. But with a premium rising to 300 basis points, it's surely getting there. However ... |
| | | | ... to stay afloat after investors deemed them poor risks and their borrowing costs consequently soared. Italy - along with Spain, the monetary union's fourth-largest economy - has seemed headed for the same territory in recent days, with the yields, or ... |
| | | | ... one of its worst moments, with the idea of a contagion from the Greek crisis to other eurozone countries like Italy and Spain gaining ground. Frankfurt's DAX 30 index shed 172.5 points, or 2.33 per cent, to 7,230.3. The Paris CAC 40 index lost 106.04 ... |
| | | | ... for what they expected to be a strong day. Instead, the report showed the US economy generated only 18,000 jobs in June. Spain, seen alongside Italy as the next mostly likely victim of the eurozone debt crisis, was down more than 2.5 per cent as both ... |
| | | | ... points. Other European markets were lower, too, but Milan lost 2.4 per cent and Madrid shed 1.2 per cent with Italy and Spain seen as most immediately vulnerable to the fallout from the debt crisis which has snared Greece, Ireland and Portugal. HONG ... |
| | | | ... profligate peers. The Irish Overall Index jumped by 1.03%. It's saved! Portugal's PSI General Index soared by 2.27%. It's saved! Spain's Ibex-35 Index leaped by 2.08%. It's saved! At the end of the day, we've averted another catastrophe - just as we ... |
| | | | ... to the problem. But even if they do, Greece is stuffed turkey. And if it is, there's a good chance Ireland, Portugal and Spain could be too. I've written in the past on the how and why it has gotten this ugly. We can cut, slice and dissect the how's ... |
| | | | ... now...But Greece is not alone in its insolvency and a default by Athens could trigger defaults by Portugal, Ireland and possibly Spain." We already know that Uncle Sam's economy has slowed and that less than a week from now its bye-bye US$600 billion ... |
| | | | ... real one. For the Eurozone has really no viable alternative but to pay the ransom. Greece and Ireland, and Portugal, and Spain and Italy - has it by the cojones. Just looked at what happened in financial markets yesterday when news spread that the seven-hour ... |
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