Europe Debt Woes Weigh on Corporate Refinancing

This is a guest post by Ed Ring editor of Union Watch, a project of the California Public Policy Center. California’s State/Local Governments Confront $1.0 Trillion in Debt

Precious metal prices are rising and stocks declining as investors fret that governments in Europe and the U.S. will be unable to contain their debt crises.Political bickering over the debt crises in Europe and the U.S.

LONDON (Reuters) - Demand for the world's priciest houses is likely to cool this year after two years of strong growth, as concerns over Europe's debt crisis, the health of the global economy and governments price cooling measures in Asia dissuade buyers, research showed.

Europe's new bailout plan for its weakest economies finally recognizes the brutal reality of the developed world's financial woes: Many governments simply can't pay what they owe — or will reach that point soon.