Full text: Moody’s downgrades Croatia’s government bond rating to junk
Moody's Investors Service has today downgraded Croatia's government bond rating to Ba1 from Baa3. Moody's has also changed the outlook to stable from negative.
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Full text: Moody’s downgrades Canadian banks
Moody's Investor Service released the following note in conjunction with a ratings action it took on Canadian banks today.
Eurozone crisis: It ain’t over yet
All G7 economies are struggling in the post-crisis climate, but US GDP has recovered to pre-crisis levels, while the Eurozone simply hasn’t. This column portrays the global crisis as a transitory shock for the US, but as a quasi-permanent…
Full Text: Moody’s downgrades France’s government bond rating to Aa1 from Aaa, maintains…
Editor's note: Moody's issued the following ratings notice today
Moody's Investors Service has today downgraded France's government bond rating by one notch to Aa1 from Aaa. The outlook remains negative.
Today's rating action follows…
Full text: Moody’s – Germany’s banking system outlook remains negative
The ratings agency Moody's issued the following statement earlier today in connection with its ratings review of the German banking sector.
The outlook for Germany's banking system remains negative, says Moody's Investors Service in a new…
Full text: Moody’s confirms Spain’s government bond rating at Baa3, assigns negative…
Moody's issued the following statement in downgrading Spain's sovereign credit rating outlook to negative.
Moody's Investors Service has today confirmed the Kingdom of Spain's Baa3 government bond rating and assigned a negative outlook to…
Full text: Ben Bernanke on U.S. Monetary Policy and International Implications
The following is the text of a speech Federal Reserve Board Chairman Ben Bernanke delivered at a high-level seminar sponsored by the International Monetary Fund on Sunday.
Thank you. It is a pleasure to be here. This morning I will first…
Switzerland and the euro zone: An overlooked currency war in Europe
By Daniel Gros, Director of the Centre for European Policy Studies, Brussels
Switzerland has pegged its currency to the euro at a level that helps it sustain a 12% current-account surplus and one of the lowest unemployment rates in Europe.…
S&P cuts Spain’s credit rating to near junk with a negative outlook
The following is the rationale for the ratings action Standard and Poor's took earlier today in downgrading the sovereign debt ratings of Spain
Overview
-- The deepening economic recession is limiting the Spanish government's policy…
Maastricht and All That
The following is an excerpt of an article written exactly twenty years ago on 8 October 1992 by the late Wynne Godley, a British economist, who predicted disaster for Europe’s planned single currency. This is the single most cogent and…