Traders work on the floor of the New York Stock Exchange, June 29, 2012. NEW YORK (Reuters) - Bank stocks led Wall Street down on Friday after a Spanish region asked Madrid for financial aid, rekindling fears about Europe's economic crisis and prompting
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Concerns remain in the aftermath of the Cyprus crisis
SAVERS and investors are on alert for the next signs of economic turbulence on the continent after the crisis in Cyprus set nerves on edge once again. The bailout package sealed on Monday may have soothed fears to some extent, but there remain concerns t
German official: Euro Zone Savings Safe
BERLIN — German Finance Minister Wolfgang Schaeuble has said savings accounts in the euro zone are safe, adding that Cyprus is a "special case" and not a template for future rescues. In an interview with Bild newspaper published on Saturday, Schaeuble di
Schaeuble says euro zone savings deposits are safe
German Finance Minister Wolfgang Schaeuble speaks during a news conference presenting the annual report of Germany's customs agency, Zoll, at the finance ministry in Berlin, March 22, 2013. BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble ha
Buiter: Most European banks are zombies
It’s Easter weekend here in Germany and I caught this interview with Willem Buiter from the Financiëele Dagblad that I get by e-mail each morning. I thought it was significant enough that I would translate it. Buiter has been fairly pessimistic about the
Euro Tremors Send Message: Diversify Currencies And Add Precious Metals
If you want to grow your wealth or just keep up with inflation, you must hedge this wild market with precious metals and miners and diversify from fiat currencies. Despite troubling fundamentals and the alarm bell in Cyprus, the indices spiral higher: it
Little Cyprus thumbs its nose at EU 'bullies'
NICOSIA, Cyprus (AP) — The moment word broke that Cypriot lawmakers in Parliament had voted down a bailout deal that would have raided everyone's savings to prop up a collapsing banking sector, a huge cheer rose up from hundreds of demonstrators gathered