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Moody's Investors Service has today affirmed the Republic of Ireland's Ba1/Not Prime government bond ratings and negative outlook.

Editor's Note: The Eurogroup released the following statement moments ago in connection with the banking and sovereign debt crisis in Cyprus. The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary…

The European Commission issued the following press release after the Cypriot Parliament rejected a proposed bank levy to recapitalize its banking sector.

Moody's issued the following press release yesterday in relation to Argentina's foreign-law sovereign obligations.

Moody's released the following statement in conjunction with a ratings action it took earlier today on three Dutch banks

A reader of our blog here at Credit Writedowns recently wrote to me, detailing why Italians voted as they did in the recent general election. Her view speaks more to a rejection of corporatism and corruption than austerity.

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $34.7 billion in the fourth quarter of 2012, a $9.3 billion (36.9 percent) improvement from the $25.3…

downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa. The outlook on the ratings is now stable.

Eurozone policy seems driven by market sentiment. This column argues that fear and panic led to excessive, and possibly self-defeating, austerity in the south while failing to induce offsetting stimulus in the north. The resulting deflation…

In the U.S. and in euro countries, policies aimed at stimulating exports are considered an effective response to lagging growth and recession. Viewing a net export balance as an economic virtue and a growth engine is a relic of Mercantilism…