“I’ve been very impressed with the comprehensive approach they’ve had,”
Stiglitz said in an interview on Bloomberg Television today. “There’s clearly
no risk of default. I’m very confident about it.” Greek Finance Minister George
Papaconstantinou said yesterday that he can’t
By Jennifer Ryan Both nations “deserve to keep the Aaa rating” and “the
likelihood of a default is so small, particularly in the U.S. because all we do
is print money to pay it back,” he said in response to questions after a speech
in London yesterday. “The notion of a default
Both nations “deserve to keep the Aaa rating” and “the likelihood of a default
is so small, particularly in the U.S. because all we do is print money to pay
it back,” he said in response to questions after a speech in London yesterday.
“The notion of a default is so absurd, it’s
Both nations “deserve to keep the Aaa rating” and “the likelihood of a default
is so small, particularly in the U.S. because all we do is print money to pay
it back,” he said in response to questions after a speech in London yesterday.
“The notion of a default is so absurd, it’s
It was a more relaxed and confident Nicholas Moore who fronted Macquarie
Group’s annual operational briefing this morning. Whilst expressing the group’s
customary caution about the short-term outlook, especially given the slippage
in equity markets in the past weeks, it was obvious
At 7am AEDT, the dollar was trading at $US0.8685/92, up 0.21 per cent from
Friday's close of $US0.8668/72. From 5pm AEDT on Friday, the local unit traded
between $US0.8720 and $US0.8580, its lowest level since October 2, 2009. Wall
Street ended slightly higher as a rebound in
AFP British Business Secretary Peter Mandelson attacked the European Union on
Sunday for failing to provide stronger international leadership on banking
reform following the financial crisis. "I think that both the European Council
and the European Commission have to play a much
The Australian dollar opened higher this morning as a late rally on Wall Street
on Friday restored some confidence and lifted demand for high yielding assets
such as the local currency. At 7am, the Australian dollar was trading at 86.85
US cents, up 0.21 per cent from Friday's close of
AAP The Australian dollar opened higher on Monday as a late rally on Wall
Street on Friday restored some confidence and lifted demand for high yielding
assets such as the local currency. At 0700 AEDT, the Australian dollar was
trading at $US0.8685/92, up 0.21 per cent from Friday's
It is a vicious financial circle; the more fears over deficits and debts grow,
the harder it becomes for the troubled eurozone nations to borrow money to stay
afloat. With 16 EU nations now using the euro the problems are resonating
throughout bloc. The euro fell below 1.36 dollars on Friday,
AFP British Business Secretary Peter Mandelson attacked the European Union on
Sunday for failing to provide stronger international leadership on banking
reform following the financial crisis. "I think that both the European Council
and the European Commission have to play a much
