ProPublica Staff Washington, DC, United States (ProPublica) – by Lois Beckett As we’ve detailed, President Obama’s plans to help homeowners have come up short time and again. We recently looked at Obama’s latest proposals, most of which are unlikely to make a major dent in the crisis. So, how about the Republican presidential candidates: What [...]
Vittorio Hernandez – AHN News Athens, Greece (AHN) – A Greek official warned on Wednesday that the country might have to stop using the euro as currency and return to its old monetary system unless the stakeholders agree to a solution to the Greek debt crisis. Maria Damanaki, who is a member of the Hellenic [...]
Vittorio Hernandez – AHN News Lagonissi, Greece (AHN) – The European Central Bank rejected on Wednesday a proposal to restructure Greece’s debt. ECB Executive Board Member Juergen Stark said a Greek debt restructuring would only create a catastrophe because the move would damage the banking system. Lorenzo Bini Smaghi, another ECB board member, said the [...]
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Irish and Greek two-year notes fell and the cost of debt insurance surged on concern European Union leaders are struggling to find a solution to the fiscal crisis. View full post on All Stories
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