A run of downbeat economic news Tuesday reinforced expectations that the 17-nation eurozone's economy shrank during the last three months of 2011 as the government debt crisis dragged on even the biggest and richest countries.
government debtEurozone faces tough hurdles early in 2012Newsvine - business Thu, 12/29/2011 - 02:51
After a hugely-turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solving their government debt crisis, just as the eurozone economy is expected to sink back into recession. Erst Group takes euro973 million lossNewsvine - business Fri, 10/28/2011 - 01:02
Erste Group Bank AG says it will make a net loss of euro973 million ($1.4 billion)for 2011. It blames the government debt crisis and mortgage troubles in Hungary. Rally is over, stocks end trading with big lossesMSNBC.com: Business Tue, 10/25/2011 - 08:50
Lower corporate earnings and reports that a key meeting between European financial ministers had been canceled pulled stocks lower Tuesday. Erste Group Bank to report big loss on govt debtNewsvine - business Mon, 10/10/2011 - 05:03
Austria-based Erste Group Bank AG says it will make a net loss of euro700 to euro800 million ($950 million to $1.1 billion) for 2011 because of the government debt crisis and troubles in Hungary. Deutsche Bank issues profit warningNewsvine - business Tue, 10/04/2011 - 05:17
Deutsche Bank issued a profit warning on Tuesday, saying that it could no longer reach its full-year target due to market turbulence caused by the deepening debt crisis and more charges on Greek government debt. Moody's suggests U.S. eliminate debt ceilingTopix - Business News Mon, 07/18/2011 - 07:57
Moody's suggests U.S. eliminate debt ceiling Walter Brandimarte Reuters , NEW YORK - Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders. Gold Tops $1,500 an Ounce in 'Flight to Quality'NYT > Business Wed, 04/20/2011 - 08:15
Investors are worried about everything from global inflation to government debt to turmoil in North Africa and the Middle East. S&P cuts Cyprus credit grade on exposure to GreeceNewsvine - business Wed, 03/30/2011 - 08:58
Ratings agency Standard & Poor's cut Cyprus' government debt grade by one notch on Wednesday and warned it could issue the euro country another downgrade because of the financial system's exposure to debt-saddled Greece. After historic gains, are stocks nearing a bubble?Newsvine - business Sun, 03/06/2011 - 14:10
Federal Reserve Chairman Ben Bernanke fielded the usual questions about inflation, tax cuts and government debt during a trip to Congress last week. Tags:
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