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

Merkel, Sarkozy Find Joint Position on Greece for EU Summit

(Updates with euro’s advance in the sixth paragraph. For more on Europe’s debt crisis, see EXT4.) July 21 (Bloomberg) — German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed on a joint position to solve Greece’s debt crisis on the eve of a summit convened to stamp out contagion in European bond markets. Details [...]

Written on July 21, 2011 | Posted in Global