Hard hitting global and local news
Pritchard’s headline title Merkel’s day of reckoning as taxpayer haircut on Greece looms makes perfect sense as does his opening gambit.
Read More: Stocks Rise on Can-Kicking Optimism; Leap of Faith Justified?
Continued here: Chris Christie Provides Perfect Setup for Saturday Night Live
See the original post: Nightmare Scenarios for Obama’s 2nd Term
Link: Fiscal Cliff Talks Underway Between Obama, House Speaker Boehner; Market Rallies on Talk of "Fluff" Compromise
It’s tough to pin this all on Hurricane Sandy although many will try.
See the article here: Good News: EU Budget Talks Collapse, France Rejects Compromise; Still Time to Snatch Defeat From Jaws…
Read the original: Looking Ahead, Spain Worse Than Greece; Only One Realistic Solution
Continue Reading: European Industrial Production Plunges 2.3 Percent; Greece GDP Plunges 7.2 Percent
This month Italy seeks trials over credit downgrades Italian prosecutors have requested that five employees of Standard & Poor’s and two from Fitch be put on trial for alleged market manipulation connected to their downgrades of Italy’s credit rating. The prosecutors contend the accused violated EU rules by releasing the downgrades when European markets were open and by not alerting the Italian government 12 hours before the decisions, dating back to earlier this year and last year, were made public.