Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact
Markets

Symbol Name
Click for Symbol Help




Europe’s Banks Continue to Feel Pinch from Debt Crisis

New York Times - May 15, 2012

The pain facing European banks does not show signs of ending any time soon.

After a strong rally in Europe’s stock and bond markets in the first three months of the year, financial institutions are again gearing up for the fallout from the economic instability caused by the sovereign debt crisis.

Top of the list is Greece’s potential exit from the euro currency.

Earlier this year, that possibility seemed remote. Now, JPMorgan Chase analysts give the country a 50-50 chance of leaving the monetary union over the next 12 months. British bookmakers, which had been taking bets on potential Greece’s exit, suspended betting last week after a surge of bets drastically cut the odds on the country calling it quits.

Uncertainty continued on Tuesday when the Greek politicians said they would hold new elections after local political parties were unable to form a coalition government.

Read Full Article from New York Times

- Posted: 2012-05-15 10:03:59


 More Stock Investor Place Top Stories  
Anglo platinum arm sheds 14,000 jobs, risking unrest
Apple falls below $500
US retail sales rose 0.5 percent in December, led by autos, furniture and clothing sales
Recovery in U.S. Saving 8 Million Underwater Homeowners
Facebook shares rise in buildup to mystery event, earnings

 Stock Investor Place Top Stories Archive
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008















Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2017 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise