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| | | ... Greek debt default made the headlines and captured the imagination of financial markets. Greek tragedy. Greek lightning. Greece is the word. The way things are going, even the Greek ruins will be in ruins by the time this whole saga is over. Public and ... |
| | | | ... shares that had been sold off on concerns about fiscal stability in Europe regaining ground with news of potential aid for Greece. The benchmark Nikkei added 31.09 points, or 0.3 per cent to finish at 9,963.99 points, after edging down to a two-month ... |
| | | | ... volume of 10,957 contracts. Major US indices finished higher with stocks rallying on hopes that the European Union will help Greece manage its growing debt burden. The Dow Jones Industrial Average closed up 150.25 points, or 1.52 per cent, at 10,058.64 ... |
| | | | ... through buying their debt or offering loans. Further, ECB Governing Council member Ewald Nowotny said the ECB could not help Greece because, "the ECB have a clear mandate... we have a clear no-bailout clause." Michael Meister, financial affairs spokesman ... |
| | | | ... closed higher on Tuesday, with the Dow Jones Industrial Average back above 10,000 on hopes that the European Union will help Greece manage its growing debt burden. Global markets bounced back on reports that European Central Bank President Jean-Claude ... |
| | | | ... Portugal's external liabilities are running at Portugal at 108 per cent (a,-177bil) of GDP, Ireland at 68 per cent (a,-123bil), Greece at 87 per cent (a,-208bil) of GDP and Spain at 91 per cent (a,-950bil). That's just the PIGS. Add Italy at 23 per cent ... |
| | | | ... investors pondered over the sustainability of the global economic recovery. Concerns have grown that some European countries -- Greece, Portugal and Spain -- may not be able to handle their mounting levels of debt. Stocks have also been hurt by China's ... |
| | | | Greece is the word Greece and the US labour market dominated the financial headlines last week. Greece and its efforts to contain its widening budget deficit provides a forward view of how things could escalate from bad to worse and when debts go wild. ... |
| | | | ... concern about the unemployment rate and the pace of recovery in the US. "The overnight (US) jobless claims disappointed, and Greece, Portugal and Spain all look like they could be in trouble. So this is quite serious. "It tells the market that not only ... |
| | | | ... America's jobs market may be worsening. Europe had its own bad day as renewed fears about the PIGS - Portugal, Ireland, Greece, Spain - sent the benchmark Dow Jones Stoxx 600 Index down 2.7 per cent. A case of swine flu perhaps? Market sentiment started ... |
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