Posts tagged as: Debt Crisis

Oil prices down in Asian Market

Singapore: (Wednesday, July 25, 2012) After sustaining high for a week, oil prices in Asian markets have started to decline. And this time, the decline has been caused by the worsening debt crisis of the eurozone. Following the market mood, New York’s main contract lost about 18 cents for light sweet crude deals for September […]

The Euro crisis receives another blow: S&P re-evaluates the rankings of European countries – Part 1

The Eurozone is attracting opprobrium from every side. On the top, public is raising questions on the economic prosperity of the region, the sides are being attacked by the shortfall of internal consumption and Euro is losing its value at the bottom. However, the Euro countries have recently been attacked at the front by Standard […]

The Euro crisis receives another blow: S&P re-evaluates the rankings of European countries – Part 2

France came down from AAA rating to AA+ while Italy and Spain’s ratings were down two notches, reading even worst news from France. Austria was cut to AA+ from AAA; Cyprus to BB+ from BBB; Italy to BBB+ from A; Malta to A- from A; Portugal to BB from BBB-; the Slovak Republic to A […]

Italian Prime Minister Silvio Berlusconi’s Resignation and its impact on Italy

Italian Prime Minister Silvio Berlusconi’s Resignation and its impact on Italy Slowly and gradually, now former Prime Minister of Italy, Silvio Berusconi, resigned as the country’s premier after much public and private pressure on him as his nation faced a crisis which has affected the governments of many regions around the world, a debt crisis. […]

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