Financial markets have been focused on the solvency of European financial institutions and sovereign nations within the European Economic Community. Particular attention has focused on Greece and the financial affects a formal default on its national debt would have on the Eurozone as a whole.
European officials have pushed for solutions to this problem, yet weak aspirations for further steps toward political union in the Eurozone impede the issuance of Eurobonds. These bonsds would presumably stabilise or improve the credibility, debt structure and solvency of the region.
European officials have pushed for solutions to this problem, yet weak aspirations for further steps toward political union in the Eurozone impede the issuance of Eurobonds. These bonsds would presumably stabilise or improve the credibility, debt structure and solvency of the region.
• Business Times: IMF Chief issues political and economic warnings
• U.S. Stock indexes rise for fourth day on valuations and liquidity
• Weekly jobless claims increased to 428,000 per MarketWatch
• WSJ: Central banks increase liquidity to European banks
• Labor Department:.4 percent increase in August consumer prices
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