Linda Yueh

Update: Buyers will receive 78.5 percent of the payout, while sellers of Greek CDS will have to pay as much as $2.5 billion to settle the contracts after a final value was agreed at 21.5 percent of face value. It’s in line...

The European Central Bank’s unlimited cheap bank loans have eased market tensions, particularly–in the words of ECB President Mario Draghi–by removing the “tail risk” of a banking crisis provoked by the euro debt situation. But the gusher of loans has...

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...

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...

The IMF, which is asking for as much as $1 trillion in funding, may step in to provide the firewall that the euro-zone rescue fund, the European Financial Stability Facility, is struggling to create. But would that be enough to...

It’s been quite a year, but leading economists warn that next year could be worse. The euro crisis is still unresolved, plus the economic outlook has darkened. Nineteen months since the first bailout of Greece, the euro zone seems to...