Europe’s key challenge isn’t its common currency, says Jens Larsen, chief European economist and managing director for RBC Capital Markets.
Charles Dallara, head of the Institute of International Finance, wrote up a to-do list for the Eurozone this past Friday, which may help Greece stay put.
Canadian investors were treated to a shortened week thanks to the Victoria Day holiday, but equity markets couldn't escape the continuous banter and woes surrounding Greece and its unstable future.
In the four weeks following the Greek and French elections, global markets were sent on a roller coaster ride. Read: Frances left turn wreaks havoc on markets And now, anxiety over the fate of the Eurozone has intensified as investors focus on the upcoming second election in Greece, which takes place on June 17. The […]
Moody’s downgraded the debt of 30 Spanish banks today but has so far left the country’s three largest untouched. Higher pressure on Spanish sovereign debt and the number of weak banks in the country prompted the downgrade. The role of smaller and regional banks is declining as the sector consolidates. Moody’s has been planning the […]
Economists are being too alarmist when considering the fate of the Eurozone, says Benjamin Tal, managing director of CIBC.
Not content with its current fiscal and economic woes, the government of Spain is expected to set fire to as much as €10 billion by taking a large stake in Bankia SA.
The results of the French election offer some hope for investors, according to Peter Drake, vice-president, retirement and economic research, for Fidelity Investments Canada.
Prior to the French and Greek elections, the latest developments in Europe mainly revolved around Spain; worries over Spain’s economic situation surfaced after the European Central Bank’s long-term financing operation in February, which helped stabilize the Eurozone, and they have since increased.
The dream of a closely integrated European economy appears to be fading. Over the weekend, voters in France and Greece booted out the leaders who have struggled to contain the European sovereign debt crisis and end the Eurozone recession.