Germany Readies Surrender in Fight to Save Greece: Euro Credit

Sept. 12 (Bloomberg) — Germany may be getting ready to give up on Greece, as measures in the credit markets signal growing concern about the smaller nation’s ability to repay investors. Yields on Greek two-year notes rose above 60 percent today for the first time. Credit-default swaps to insure the country’s five-year bonds and to [...]

Written on September 13, 2011 | Posted in News

China Joins Russia in Blasting U.S. Borrowing After Debt Deal

Aug. 3 (Bloomberg) — China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit. People’s Bank of China Governor Zhou Xiaochuan said China’s central bank will monitor U.S. efforts to tackle [...]

Written on August 4, 2011 | Posted in Global