Articles About NYSE:EWK
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March 01, 2012Are Euro Zone Manufacturing Woes Signaling a Recession?
February marks the seventh straight month in which euro-zone manufacturing has shrunk as new orders continue to decline and backlogs of work evaporate...
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March 01, 2012ISDA: Greek Default Swaps Don’t Have to Pay
Greece's attempts to restructure its sovereign debt won't trigger credit default swap payments, the International Swaps and Derivatives Association decided Thursday, much to the chagrin of creditors who would have welcome the safe out...
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February 29, 2012What Will Banks Do With €530B in Cash?
Euro-area banks borrowed a record amount of three-year cash from the European Central Bank on Wednesday, taking advantage of an operation that is meant to ease the effects of a credit crunch and boost bond and equity markets...
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February 28, 2012S&P Cuts Greek Debt to Selective Default
In a highly-anticipated move, Standard & Poor's cut Greece's debt rating to default on Monday, a first for any euro-zone nation...
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February 24, 2012Recession Looms in Euro Zone
The euro zone is headed for a mild recession this year, the region's second economic contraction since 2008...
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February 22, 2012
Fitch Downgrades Greek Debt Citing Imminent Default
The downgrade comes just one day after the announcement that Greece secured a second bailout of 130 billion euros from its creditors...
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February 21, 2012
Greek Bailout Deal is Complete
In exchange for 130 billion euros, Greece has accepted severe austerity measures and strict conditions, and came to an agreement with private investors to accept even steeper losses than expected...
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February 17, 2012German President Resigns, Leaving Merkel to Clean Up the Mess
Germany's president resigned on Friday amid a scandal over political favors, dealing a heavy blow to German Chancellor Angela Merkel in the midst of the debt crisis...
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February 15, 2012China Pledges Support for Euro Zone’s Bailout Funds
China has pledged to invest in Europe's bailout funds and sustain its holdings of euro assets...
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February 15, 2012
Euro Economy Shrinks for the First Time in Nearly 3 Years
But despite the general doom and gloom surrounding all things Europe, the euro zone economy actually contracted less than forecast...
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February 14, 2012
Austerity: The Real Cost of Greece’s Bailouts
The cost of of Greece's two bailouts is harrowing austerity that not only makes real economic growth unlikely, but is largely to blame for a crippling recession...
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February 14, 2012Moody’s Cuts Spain and Italy, Puts France and U.K. on Negative Outlook
Moody's Investors Service downgraded the credit ratings of six European nations overnight and warned it may soon cut the triple-A credit ratings of France, Britain, and Austria as well...
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February 14, 2012Spain’s Inaction Threatens Economic Growth, EU Sanctions
Spain's newly-installed government has come under fire for overstating last year's deficit figures and delaying austerity measures ahead of a regional election, and could now be facing sanctions and fines for violating a European Union agreement...
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February 13, 2012
ECB’s Free Lunch Saves Banks €120B
The European Central Bank's "free lunch" program could provide up to 120 billion euros in subsidies for private financial firms taking advantage of the ECB's new low-interest loans...
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February 13, 2012
Greece Passes Austerity Bill
The Greek Parliament approved a package of austerity reforms on Sunday, clearing the first of three hurdles it must overcome to qualify for a second bailout worth 130 billion euros...
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