Euro Crisis

Whatever euro's fate, Europe's reputation savaged

Whether the euro lives or dies, the chaotic way Europe has tackled the crisis could undermine the region's geopolitical clout for years to come and leave it at a distinct disadvantage in a rapidly changing world.

What? Gold headed for worst fall in 30 years?

Gold is down six percent , which is its worst May performance since 1982. This fall comes in the light of concerns over Spain's banking system and the crucial Greek elections which will determine its position in the eurozone.

Second opinion poll confirms Greece wants no bail out

The main pro-bailout parties, conservative New Democracy and socialist Pasok, were gaining support, according to the poll by Metron Analysis for the Epenenditis weekly.

Sarkozy says Greece crisis is resolved; but are markets convinced?

Financial markets sharply marked down the value of new Greek bonds to be issued to the creditors, reflecting the risk of paralysis after elections expected this spring.

LTRO: Will wave of cheap money fend off credit crunch?

LTROs, or longer-term refinancing operations, have sucked much of the heat out of the eurozone crisis and given govts time to work out growth policies for affected countries.

Debt crisis sweeps closer to heart of Europe

Borrowing costs for both Spain and Italy hit levels regarded as unsustainable last week before the European Central Bank stepped in to steady the market.

Europe making gradual progress in crisis: Timothy Geithner

"This is absolutely within Europe's capacity to solve and it's within their ability. It's within their grasp, it's within their reach," US Treasury Secretary Timothy Geithner said.

NRIs wary of Punjab realty on eurozone woes

Lack of NRI investment into property market has also had a negative impact on overall property business in Punjab.

India has few coins to throw in the Euro-Greek bowl

Despite a forex pile of $318 billion, India is not going to be able to offer any cash for the Greek or euro bailout plans.

Gold plunges $100, safe haven image tarnished

Widespread talk of possible selling by big hedge funds covering losses in other markets set off one of the biggest routs on record in the precious metals group.