A year ago most US politicians’ interest in Greek spreads was confined to the relative merits of hummus and taramasalata. These days they are hot debate topics alongside Italian bond yields and a host of European financial arcana. The reason? It’s the economy, stupid. As the fragile US economy continues to rise slowly out of [...]
Tag: tim geithner
December 3, 2011
September 28, 2011
The eurozone: a crisis of policy, not debt | Mark Weisbrot
Three months ago, I wrote here about the risks that the European authorities were posing to the US economy and asked what the US government was going to do about it. It was clear at that time that “the Troika” – the European Commission, European Central Bank (ECB) and the International Monetary Fund (IMF) – [...]
September 27, 2011
S&P may face action over CDO ratings
US regulators have warned credit rating agency Standard Poor’s they are considering taking action over its rating of mortgage-backed investments ahead of the 2008 financial meltdown. It would be the first time a ratings agency has been called to account by a US regulator since the credit crisis. SP’s parent company McGraw-Hill confirmed it has [...]