Currency's Days Feared Numbered
Investors Prepare for Euro Collapse
08/13/2012 05:17 PM
By Martin Hesse
Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar's structure isn't in doubt.
spiegel.de
Mon Aug 13, 2012 8:53am EDT
(Reuters) - A senior member of Chancellor Angela Merkel's party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout.
http://www.reuters.com/article/2012/08/13/us-germany-greece-idUSBRE87C09H20120813
Greece sinks again, more cuts to save bailout in store
ATHENS | Mon Aug 13, 2012 8:55am EDT
(Reuters) - Greece's economy shrank 6.2 percent on an annual basis in the second quarter, a slump that is expected to persist as the government scrambles to nail down billions in additional cuts to keep international bailout funds flowing.
reuters.com |
