Showing posts with label Bus Econ Euro valuation. Show all posts

Wednesday, October 26, 2011

Washington Post NEWS ALERT: European leaders agree to plan designed to stem debt crisis

European leaders agree to plan designed to stem debt crisis

European leaders moved early Thursday to stem the debt crisis gripping the continent by agreeing to a plan that imposes steep losses on investors holding troubled Greek bonds and boosts the firepower of the region’s bailout fund to as much as a trillion dollars.

After marathon negotiations that continued well past midnight, European leaders said that banks and other major investors in Greek bonds agreed to taking losses of up to 50 percent.

Read more at:
http://www.washingtonpost.com/world/europe/merkel-wins-german-lawmakers-backing-for-plan-to-boost-bailout-fund/2011/10/26/gIQA1R5KJM_story.html

Or visit washingtonpost.com.

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Monday, June 01, 2009

WSJ: Banks, Energy Firms Help Lift European Stocks By SARAH TURNER

Wall Street Journal: Banks, Energy Firms Help Lift European Stocks May 29, 2009 By SARAH TURNER

LONDON -- European shares rose for the fourth of five sessions on Friday, with optimism for an improving economy fueling more gains for banks such as Spain's Santander.

The pan-European Dow Jones Stoxx 600 index gained 0.1% to 208.21, leaving it up 4% in May. The U.K. FTSE 100 index climbed 0.7% to 4417.94, the German DAX 30 index rose 0.2% to 4940.82 and the French CAC-40 index advanced 0.4% to 3277.65.

Bank stocks led the market as Credit Suisse rose 2% and Santander climbed 0.7%. SEB shares advanced 2.5% after it said that it will place the majority of its activities in Estonia, Latvia and Lithuania into a separate division.

[…]

Shares of Italian car maker Fiat declined 4.5% in a broadly higher auto sector. General Motors Corp. and auto parts group Magna International Inc. have reached an agreement in principle that could rescue GM's German Opel division…

[…]

Read the entire article here: Banks, Energy Firms Help Lift European Stocks

http://online.wsj.com/article/SB124357888632665809.html#mod=rss_markets_main

20090529 WSJ Banks Energy Firms Help Lift European Stocks