![]() | MADRID/ATHENS (Reuters) - Spain paid a euro era record price to sell short-term debt on Tuesday, pushing it closer to becoming the biggest euro zone country to be shut out of credit markets. The soaring borrowing costs highlight the shortcomings of ... |
| Spanish borrowing costs soar as Greek election result provided only temporary relief to the markets. It is predicted that Greece would need a third bailout as the new governmenet seeks to extend the program by 2 years. The troika of... ... |
| Japanese stocks fell from a one- month high after borrowing costs in Spain surged to a euro-era record and Greece’s election failed to assure investors that European officials will contain the region’s debt crisis. ... |
![]() | MADRID (Reuters) - Spain's short-term borrowing costs rose to their highest level since 1997 in a debt sale on Tuesday as investors worried the country will soon be forced to ask for international aid. The euro zone's fourth-largest economy has beco ... |
![]() | Interest rates on Spain's debt rise sharply on expectations it will become fourth EU country to require full-scale bailout A rally in financial markets at the result of Greece's election lasted barely an hour amid growing fears that Europe's worsenin ... |
| Spanish borrowing costs on 12-month and 18-month bonds jump to 5.1% at its first debt auction since securing a 100bn euro bank bailout. ... |
![]() | • Spain delays bank audit prompting concern over rescue fund • Spanish borrowing costs rise at debt auction • German business confidence plunges • UK inflation figures lower-than-expected • Today's agenda 11.03am: Spain will need an outright bailout ... |
| MADRID (Reuters) - Spain is likely to pay record prices to borrow at debt auctions on Tuesday and Thursday after the Greek election failed to ease concerns about the future of the euro zone and amid uncertainty over whether Madrid will need a full so ... |
![]() | SINGAPORE (Reuters) - Asian shares slipped on Tuesday as a post-Greek election relief rally quickly ran out of steam, with rising Spanish and Italian bond yields signaling that European leaders still have much to do to contain the euro zone debt cri ... |
![]() | LONDON (Reuters) - Brent crude fell to a near 17 month low below $95 a barrel on Tuesday, hit by the latest twist in the euro zone crisis, but steadied because Spain managed to sell debt, even though its costs soared to their highest since 1997. Oil ... |
| Spain paid sharply higher interest rates in a short-term bill auction on Tuesday, highlighting growing investor concerns that the country might eventually need foreign help to finance itself. ... |
| The sale of 12- and 18-month debt was the first test of Spain's market credibility after a bank bailout this month and the Greek elections over the weekend. ... |
| Spain, on the edge of losing access to debt markets, paid around two percentage points more in interest rates than a month ago to lure investors to its Treasury bill sale. ... |
| Before Italians turned to Mario Monti late last year to rescue them, the country’s debt crisis had sent its borrowing costs skyrocketing and the government’s credibility tumbling. Anxiety eased for a time once Monti took the helm as prime minister, ... |
| Investors are demanding sharply higher rates. That's adding to the pressure on world leaders to do more to get Europe's financial crisis under control. ... |
| Spain’s borrowing costs surged at its first auction since becoming the fourth euro member to seek a bailout, with the Treasury paying the most since December to sell debt for one year. ... |
| A debt sale Tuesday reflects deep market fears about the future of the euro and increases pressure on European leaders to come up with a solution to the crisis. ... |
| Madrid was forced to pay more than 5% to borrow for one year, amid predictions that it would need a full international bailout for its economy ... |
| Spain succeeded in selling more than €3bn of treasury bills on Tuesday, but paid a high price to maintain access to financial markets amid economists' predictions that it would need a full international bailout for its struggling economy. ... |
| World stock markets were largely flat Tuesday as relief from Greece's election results evaporated amid worries that the financial crisis in the 17 nations that use the euro was far from over. ... |
| Greece's election results have eased fears of imminent financial disaster for Europe, but the continent's leaders are still searching for a way to contain a debt crisis that threatens the global economy. ... |
| Asian stocks fell, with the regional benchmark index retreating from a one-month high, as borrowing costs in Spain climbed to a euro-area record and optimism faded that Greece’s election will calm Europe’s sovereign-debt crisis. ... |
| Japanese and Australian stock futures fell as borrowing costs in Spain climbed to a euro-area record and optimism faded that Greece’s election will calm Europe’s sovereign-debt crisis. ... |
| Asian stock markets were mostly lower today, as relief from Greece's election results evaporated amid worries that the financial crisis in the 17 nations that use the euro was far from over. ... |
| Asian stock markets were mostly lower Tuesday, as relief from Greece's election results evaporated amid worries that the financial crisis in the 17 nations that use the euro was far from over. ... |
| Asian stocks and oil fell as borrowing costs in Spain climbed to a euro-era record, fueling concern the debt crisis is deepening. The Australian dollar halted a three-day advance. ... |
| ATHENS (AP) — Greece's election result has eased fears of an imminent financial disaster for Europe, but the region's indebted governments remain under heavy pressure. Spain and Italy are fighting to keep their borrowing costs down and European lead ... |
![]() | Market relief over Greece's election results faded quickly on Monday, with Spain suffering a jump in its borrowing rates as investors worried that the crisis shaking the 17 nations that use the euro was far from over. ... |
| Australia’s bonds advanced and its currency halted a three-day gain as surging borrowing costs for Spain reignited speculation that European leaders are struggling to contain their debt crisis. ... |
| LONDON — Europe found itself in the firing line of financial markets and world leaders on Monday, with election results in near-bankrupt Greece failing to quell mounting fears about the region’s financial stability. Read full article ... |
| The euro fell against the dollar Monday as relief over Greece's weekend election results faded. ... |
| MADRID (Reuters) - Spain's treasury minister urged the European Central Bank on Monday to respond firmly to market pressures, after a Greek election did little to soothe investor concern about the spread of the debt crisis, pushing Spanish bond yield ... |
| The markets kicked off the week solidly lower as Spain's debt costs pushed to new euro-era highs, overshadowing a broadly favorable outcome from the Greek election. ... |
| Investors seeking shelter from the debt crisis that started in Greece and forced Spain to seek a bailout are distorting credit markets by fueling record disparities between bonds and derivatives. ... |
![]() | World stock markets move higher on relief that pro-bailout parties in Greece had secured a narrow victory World stock markets were propelled higher on Monday morning on relief that pro-bailout parties in Greece had secured a narrow victory in the ele ... |
| Market relief at the future of the euro zone began to fade by midmorning Monday, as stocks and the euro retreated and Spain’s borrowing costs reached a level seen by many as unsustainably high. ... |
| Spanish markets breathed a sigh of relief Monday with stocks opening higher and the country's borrowing costs dipping slightly after pro-bailout parties won the elections in Greece. ... |
| Even if Greece has stepped back from the brink of a euro-zone exit, that hasn’t slowed the spread of the financial crisis ... |
| LONDON (Reuters) - Greece's election has averted the immediate threat of a euro break-up, but it does nothing to restore the magic ingredient missing in the European and global economies - confidence. Investors and corporate executives are paid to ca ... |
| Analysts warned that any rally could be short-lived as Greece’s difficulty forming a new government and tackling its vast economic problems sets in. ... |
| A Troubled Asset Relief Program for euro members is the region’s best bet for fiscal recovery following a Greek election that “didn’t really fix anything,” according to High Frequency Economics founder Carl Weinberg. ... |
![]() | ATHENS (Reuters) - Political parties supporting Greece's international bailout will begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought r ... |
![]() | There is a large cardboard box on the floor of a rudimentary clinic in southern Athens that carries its own shocking story about the crisis in Greece. ... |
| Oil prices fell near $83 per barrel Monday as worries lingered over the eurozone debt crisis despite optimism over Greek election results. Benchmark oil prices for July were down $0.75 to $83.28 a barrel. ... |
| Oil hovered above $84 a barrel Monday in Asia after Greek election results suggested the country will stay in the euro common currency, reducing the risk of a major upheaval in financial markets and the world economy. ... |
| ATHENS (Reuters) - Political parties supporting Greece's international bailout will begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought re ... |
| The New Democracy party came in first in Greece's election Sunday and immediately proposed forming a pro-euro coalition government -- a development that eased, at least briefly, deep fears that the vote would unleash an economic tsunami. ... |
| Linda Wertheimer talks to NPR's John Ydstie about how financial markets are reacting to the election news from Greece. ... |
![]() | Spain's ability to manage its debt without an international bailout was thrown into doubt Monday after investors pushed its borrowing rates to the level at which Greece, Portugal and Ireland sought help. ... |
![]() | MADRID—Spain's ability to manage its debt without an international bailout was thrown into doubt Monday after investors pushed its borrowing rates to the level at which Greece, Portugal and Ireland sought help. ... |
| U.S. stock futures slipped Monday with markets still focused on Europe, where an election in Greece provided only a brief boost in optimism over the continent's ability to withstand tenacious debt problems. ... |
| Europe is still in big trouble — despite an election result in Greece that lessens the likelihood of an imminent disaster. ... |
![]() | NEW YORK—U.S. stock futures slipped Monday with markets still focused on Europe, where an election in Greece provided only a brief boost in optimism over the continent's ability to withstand tenacious debt problems. ... |
| US stocks slipped Monday as the markets remained focused on the news in Europe. US stocks futures on the Dow fell 65 points to 12645 as optimism over Greek elections failed to dim worries over the eurozone's continuing debt issues. ... |
![]() | U.S. stock futures are falling with markets still focused on Europe, where an election in Greece provided only a brief bump in optimism over the continent's ability to withstand tenacious debt problems. ... |
| The Greek election result had a positive impact on markets for about one hour, which makes it even less effective than the Spanish bailout. but lack of political will to face the Euro's end means the bad news will come thick and fast in the next seve ... |
| Greece's conservative election victor Antonis Samaras says he is optimistic of forming a coalition after the president tasked him to form a new government. ... |
| ATHENS (Reuters) - Pro-bailout party New Democracy may have come first in Sunday's Greek election but the radical left anti-austerity SYRIZA bloc was celebrating like the real winner well into the warm Athens night. The election exposed a struggling ... |
| Greece survived to fail another day, say economists at Royal Bank of Scotland Group Plc and Citigroup Inc. ... |
| Oil rose to near $85 a barrel Monday in Asia after Greek election results suggested the country will stay in the euro common currency, reducing the risk of a major upheaval in financial markets and the world economy. ... |
| Nordic banks Monday welcomed the result of Sunday's Greek election which they said might reduce immediate financial risks in the euro zone, but said they expect little direct benefit from the outcome. ... |
![]() | Greek election victor Antonis Samaras says he will continue efforts to build a broad coalition government, despite a refusal from the second-placed Syriza radical left party to join in. ... |
| World financial markets were spared the wrath of Zeus yesterday with the election of the solidly pro-euro New Democracy party in Greece’s parliamentary election. Economists had been bracing for financial chaos if the anti-bailout Syriza party — which ... |
| Greece’s New Democracy leader, Antonis Samaras, starts trying to build a coalition as markets remain jittery after a shortlived relief rally ... |
| Greek Election Victor to Hold Coalition Talks ... |
![]() | Voters in Greece gave investors in the United States the results they were hoping for Sunday, although European financial trouble will continue to weigh on the markets. ... |
| Asian markets were lifted in early trade after a victory for Greece's center-right, pro-bailout New Democracy party in crucial weekend elections. ... |
| (ATHENS, Greece) — The pro-bailout New Democracy party came in first Sunday in Greece’s national election, and its leader has proposed forming a pro-euro coalition government. New Democracy leader Antonis Samaras says “the Greek people today voted fo ... |
| CHICAGO (Reuters) - The White House said on Sunday it hoped the Greek election outcome would lead to swift formation of a new government that will make "timely progress" on economic challenges, and also reaffirmed the U.S. position that Greece should ... |
![]() | The conservative party that backs keeping Greece in the eurozone won the country's national election Sunday and immediately proposed forming a pro-euro coalition government — a development that eased, at least briefly, deep fears that the vote would ... |
| Early results from Greece's elections on Sunday showed pro-bailout parties are on course to win a slim majority, which may give markets some respite, but any coalition's majority looks set to be narrow and may lack the stability needed to push throug ... |
| ATHENS (Reuters) - Greece's New Democracy conservatives are set to win a crucial election expected to determine the country's future in the euro zone, an official projection from the interior ministry showed on Sunday. The projection showed New Democ ... |
![]() | Greece's conservative New Democracy party will win the election with 29.5% of the overall vote - just ahead of the radical left Syriza party on 27.1%, according to an official projection. ... |
| The pro-bailout New Democracy party came in first Sunday in Greece's national election and could gather enough support to form a pro-bailout coalition to keep the country in the eurozone. ... |
| Greece's angry voters could set off a chain of events Sunday that takes down Europe's single currency, roils world stock markets and carries financial chaos around the globe. ... |
| ATHENS (Reuters) - Greece's national election is too close to call, with the radical leftist SYRIZA party running neck and neck with the conservative New Democracy party, Kapa Research said on Sunday. Kapa said it would not issue a planned exit poll ... |
![]() | NEW YORK (Reuters) - In addition to backyard barbecues and beer, this Father's Day could see many investors with their minds on Greece. The Greek election - the Sunday event that has the attention of the world's financial markets - is expected to cr ... |
| Polls are open in Greece for an election that could decide the future of the debt-laden country in the 17-nation eurozone. The main contenders - the New Democracy conservatives and the Syriza leftist radicals - have pledged to form a government that ... |





















