Bloomberg

News Opinion Markets Personal Finance Tech Politics Sustainability TV Video Radio

Euro Crisis

Greece was downgraded again by S&P on Feb. 27

Photograph by Petros Giannakouris/AP

Greece was downgraded again by S&P on Feb. 27

S&P Doesn’t Think Greece Is Unique

S&P took the historic decision on Feb. 27 of declaring Greece in “selective default.” I spoke with Moritz Kraemer, the head of sovereign ratings for S&P, who argued it’s simply a fact that Greece is in technical default as it...

Read more »

Jose Manuel Barroso (L), Herman Van Rompuy (R) and Chinese Premier Wen Jiabao

Photograph by How Hwee Young-Pool/Getty Images

Jose Manuel Barroso (L), Herman Van Rompuy (R) and Chinese Premier Wen Jiabao

China to Europe’s Rescue?

China’s willingness to support Europe to cope with sovereign debt problems is sincere and firm. China is ready to get more deeply involved in participating in solving the European debt issue. — Chinese Premier Wen Jiabao Wen made these very...

Read more »

A sign at the central bank of Greece covered in graffiti on Feb. 12, 2012

Photograph by Simon Dawson/Bloomberg

A sign at the central bank of Greece covered in graffiti on Feb. 12, 2012

Greece May Have to Accept Escrow Account for Aid

Now that the Greek parliament has voted to accept austerity terms necessary to obtain a second EU/IMF bailout, the action moves back to Brussels on Feb. 15, when euro-area finance ministers meet to decide whether to unlock the funds. (Update:...

Read more »

A small bull toy sits at the Frankfurt Stock Exchange with the DAX index curve in the background.

Photograph by Hannelore Foerster/Bloomberg

A small bull toy sits at the Frankfurt Stock Exchange with the DAX index curve in the background.

Europe Hope Takes Stocks to Bull Territory

It’s all about equities. On the day that BlackRock CEO Larry Fink told Bloomberg TV that investors should be 100% in stocks, the MSCI All-Country World Index touched bull market territory, signified by an increase of 20 percent since last year’s...

Read more »

A carnival float of ECB President Mario Draghi in Viareggio, Italy on Feb. 5, 2012

Photograph by Fabio Muzzi/AFP/Getty Images

A carnival float of ECB President Mario Draghi in Viareggio, Italy on Feb. 5, 2012

The Draghi Put Effect

Successive Federal Reserve Chairmen from Alan Greenspan to Ben Bernanke have been associated with what financiers call a “put” option. The Greenspan put and the Bernanke put refer to the notion that the central bank supports the economy–and thus the...

Read more »