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(Image from article: "G20 Says No Threat Of Recession Yet")

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"Mr. Euro" named Greek finance minister

Yannis Stournaras

Yannis Stournaras, a well-respected liberal economist, was appointed Greece's new finance minister on Tuesday after the sudden resignation of the first choice for the job at a crucial moment for the debt-laden country.

 

Greece says investor losses from debt swap may top 70 percent

Greece's private sector creditors could take a loss of more than 70 percent in a planned debt swap, Finance Minister Evangelos Venizelos said on Tuesday.

 

G20 Says No Threat Of Recession Yet

G20 Says No Threat Of Recession Yet

Finance Ministers and Central Bankers from members states within the Group of 20 said Saturday they saw no imminent threat of a recession as the European debt crisis unfolds.

Senh: In cases like this, it's better to overreact. They might not be in a recession currently, but they sound like they could easily "slide" into one. In the U.S., the bailouts to the financial industry did stabilized the sector, so maybe they should do the same.

 

Stocks rally on hope for a Europe fix; Dow back above 11000

Stocks rallied Monday as investors bet that European finance ministers would take action soon to prop up the region's unstable economies.

 

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