European Crisis

Decorative pattern

Market Insights

Greece in default: S&P

Thirteen years after the advent of the European common currency, the Eurozone has seen its first credit default by a member. The long-term and short-term debt of Greece was downgraded to “selective default” by Standard & Poor's Ratings Services today.

By Staff |February 28, 2012

2 min read

Decorative pattern

Economic Indicators

Greek bail-out: Opportunity over risk

Angela Merkel warned the German parliament that putting Greece in a position where it must leave the euro would have “incalculable” consequences, prior to her vote today on a second Greek rescue package alongside a restructuring of Athens’ sovereign debt.

By Staff |February 27, 2012

1 min read

Decorative pattern

Market Insights

U.S. investors buying in Europe

American fund managers, specifically those who successfully called the bottom of their home credit market in 2008, are starting to put money back into Europe.

By Staff |February 24, 2012

1 min read

Decorative pattern

Industry

Fitch downgrades Australian banks

For the most part, Australia has skated through the global financial crisis unscathed, with its banks propped up by a strong resource sector. Until recently, the country has been a sort of antipodean Canada.

By Staff |February 24, 2012

1 min read