German insurer Allianz , owner of the world’s largest bond investor Pimco, favors private investors writing off 25-30 percent of...
Greece News
The International Monetary Fund joined Germany on Wednesday in pushing for private sector investors [presumably including the EU’s insurers] to...
European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some...
European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody’s downgrade of Portugal’s debt to “junk” cast...
A credit rating downgrade to Portugal [by Moody’s Investors Services] added to fears Europe’s banks face heavy euro zone losses...
Banks and policymakers moved closer to a deal on Friday to help Athens secure funds ahead of a parliamentary vote...
Credit rating agencies have warned the European Commission that they could stop rating risky countries if the EU executive goes...
Somali pirates have released the Marida Marguerite, a German-operated chemical tanker after receiving a $5.5 million ransom, the Kenya-based East...
Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near...
You can lie to taxpayers or you can lie to creditors, European authorities are learning, but doing both at the...