Guest Author – Page 8 – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

Full Text: Moody’s affirms Ireland’s Ba1/NP ratings and negative outlook

Eurogroup Statement on Approved Cyprus Bailout

Full text: European Commission statement on Cyprus

Full Text: Moody’s Downgrades Argentina’s Foreign Law Bonds to Caa1, Affirms B3 Issuer Rating, Outlook Negative

Netherlands: Poor economy prompts Moody’s to change outlook on three Dutch banks to negative

An Italian voter speaks out on the real reasons Italians voted for Grillo

US Banks showed accounting gains of $141.3 billion in 2012, highest since 2006

Full text: Moody’s downgrades UK’s bond rating to Aa1 from Aaa; outlook stable

Panic-driven austerity in the Eurozone and its implications

Mercantalism: exports lower a nation’s living standards