Greece

The Dow plunged Thursday amid buzz in the market that European banks have halted lending.   One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now.   “This is similar to what took place pre-Lehman [...]

To be an American citizen is very much like being the child of a wealthy and unscrupulous criminal ‘Godfather,’ who appears to be kind and generous to his own children at home, but is unflinchingly treacherous and murderous in conducting his family business, which is based on coercion, domination, exploitation, and violence. The average US [...]

The euro has jumped and stock markets have risen on reports that eurozone leaders have agreed the details of a plan to rescue debt-ridden Greece. Leaders had finally agreed an interest rate at which to lend money to Greece, should it be needed, the reports said. As a result, the euro gained more than 1 [...]

NEW YORK (CNNMoney.com) — Stocks ended higher Friday, marking the fourth straight day of gains, but investors were cautious buyers at the end of a big week that included the Fed’s decision to boost the emergency bank lending rate. The Dow Jones industrial average (INDU) added 9 points, or 0.1%. The 30-share blue chip index gained 303 [...]

The Greek parliament has voted to adopt big budget cuts designed to lower the country’s high levels of debt. Greece aims to shrink public debt to 9.1% of overall economic output next year, down from 12.7% this year. To do this, it has outlined measures to cut public spending and boost revenue by cutting back [...]

The debt-fueled development boom that fueled the Dubai World crisis is creating headaches in Greece, Romania and other small European states as well NEW YORK (Fortune) — Dubai’s not the only onetime highflier that risks drowning in debt. The Middle East city-state’s investment arm, Dubai World, is working with creditors to restructure $26 billion of [...]