TSX sinks to seven-month low as eurozone crisis accelerates

Tue, 05/15/2012 - 13:54 EDT - Financial Post

The TSX was firmly in the red Tuesday amid anxiety over the eurozone on word that Greek voters will head back to the polls, raising fears the country may walk away from its debts

Original article
Login or register to post comments

Italy risks Greek-style meltdown if austerity killed, warns election front-runner
ROME — The front-runner to become Italy’s next prime minister warned Friday of a Greek-style social and economic meltdown unless austerity measures were maintained. Final rallies in Rome, Naples and Florence ahead of Sunday’s general election brought a flurry of last-minute appeals to a deeply-disillusioned nation. Polls suggest as many five million Italians have not made up their minds which party to support in the election, which will be held over two days in a country hit by a series of corporate and political scandals.
EIB Inserts Drachma Clauses in Loans to Greek Firms; Troika-Backed Coalition has One-Seat Majority in Poll for May 6 Election
I keep pleading for someone, anyone to put Greece out of its misery. Greek voters have a chance on May 6th to do just that. Please consider Greek ruling parties to get wafer-thin majority The two main parties in Greece's ruling coalition would together get just a one-seat majority in parliament if elections were held now, a poll showed on Thursday, less than three weeks before the May 6 vote.
Gaffe? What Gaffe? Greek Polls? All Over the Place
I am amused by the Financial Times headline Tsipras shrugs off gaffe about Hollande. When Evangelos Venizelos, the Greek socialist leader, boarded a 7.30am flight to Paris on Tuesday, only his closest aides knew he was on the way to a hastily arranged meeting with the French president.
Germany’s economy shrinks most in 3 years as crisis hits eurozone powerhouse
The situation is significantly worse than the mood. But the eurozone crisis is far from over. It’s wishful thinking to expect otherwise WIESBADEN, Germany — The German economy was hit hard by the eurozone crisis in the final quarter of last year, shrinking more than at any point in nearly three years as traditionally strong exports and investment slowed, the Statistics Office said on Tuesday.
Preliminary Greek Exit Polls Show Dead Heat Syriza 27-30, ND 27.5-30.5; The Youth Vote Last and Vote Left; Are the Nannycrats Afraid of Democracy?
The question of the day, to which we all know the answer (but I want to ask the question anyway), Are the Nannycrats Afraid of Democracy? Here is a comment someone posted on the Guardian Greek Election Blog
Greek Voters Need to Look Beyond the Lies of Bloomberg, Merkel, ECB, IMF, Ekathimerini; Greece Nightmare Coming or Already at Hand?
A half-baked editorial on Bloomberg, full of one-sided distortion, warns Greek Voters Need to Look Beyond Syriza’s Dangerous Lies.
Closing Bell: TSX racks up triple-digit slide as eurozone anxiety grows
Closing Bell: TSX tumbles, eurozone anxiety increases, Greeks to head back to polls
Greek voters punish 2 main parties
Greek election critical and uncertain
Economics vs politics in the eurozone
The basic laws of economics are threatening to pull the eurozone apart, just as politicians are trying to pull it together. As usual, the ECB is stuck in the middle of the mess, and it doesn't like it one bit. For two and a half years, interest rates in the big industrial economies have only gone one way - down. Central banks slashed rates to historic lows in the wake of the financial crisis and then left them there. But not any more. Now the ECB has broken ranks, with today's long-anticipated quarter point rise.

Main menu

Secondary menu

TSX sinks to seven-month low as eurozone crisis accelerates

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu