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...

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...

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:...

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...

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...

That’s the view of the Bank of England’s Adam Posen, who sits on the rate-setting MPC. Posen says that ECB’s loans to big European banks are a “game changer,” and that this lending means that banks should be “okay for...