us wages and europe's austerity: the perfect storm
what if europe and the us converged on a set of economic policies that brought out the worst in both - european fiscal austerity combined with a declining share of total income going to workers? given political realities on both sides of the atlantic, it is entirely possible.
europe markets: europe stocks slump after spain downgrade
european stock markets trade sharply lower on wednesday. spanish stocks tumble and bond yields surge after the country’s debt was pushed further into junk status late the prior day.
japanese stock futures drop amid europe debt crisis concern
japanese and australian stock futures fell amid concern europe’s debt crisis is worsening as spanish prime minister mariano rajoy struggles to avoid tapping markets to fund a bailout of its third-biggest lender.
europe's deepening crisis drags wall street lower
new york (reuters) - stocks tumbled on wednesday as surging bond yields in spain and italy ratcheted up tensions in financial markets about europe's ability to solve its growing debt crisis. angst over europe drove investors away from risky assets and into safe havens. u.s. treasury benchmark yields fell to their lowest in at least 60 years, prices for crude fell more than 3 percent and the...
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