Mersch

Tensions Intensify in Italy but Ease in Greece

November 7, 2011

Greek Prime Minister Papandreou is stepping down in favor of a temporary coalition government whose leader is yet to be named.  The Unity Government will be installed tomorrow and must reaffirm allegiance to the October 27 bailout plan.  Then the next EUR 8 billion loan from the EU will be received.  Greek voters will elect […] More

Investors Unnerved by Middle East Unrest and Spiking Oil Prices

February 22, 2011

Stocks are sharply lower.  The dollar, Swiss franc and yen are higher.  Bond yields fell.  In the Middle East, tensions continue to escalate in Libya where strongman Quaddafi seems to be losing the support of his military.  Two Iranian naval ships went through the Suez Canal.  The Security Council meets today to discuss recent Middle […] More

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