Ireland headed into a confrontation Tuesday with leaders of the European Union and other struggling members of the eurozone on whether to seek a financial bailout as jitters continued to disrupt the continent’s financial market…
Economic performance among EU nations is getting more divergent. While Germany and France continue to modestly expand, debt-plagued countries like Greece are shrinking. That makes it tough for the European Central Bank to set i…
For a host of reasons, when the dollar spikes, stocks drop, and when the dollar falls, stocks soar. Right now, with dollar sentiment reaching maximum bearishness, contrarians are preparing for the next shift. If the dollar rise…
A day after Moody’s Investors Service announced it was putting Ireland under review for a possible downgrade, Fitch Ratings lowered the country’s credit grade to A+ from AA-. Fitch’s downgrade was prompted by the Irish government’s announcement last we…
Less than a week after downgrading Spain’s credit rating, Moody’s Investors Service warned it might cut Ireland’s credit rating as well. Moody’s said its decision to review Ireland’s rating was prompted by the government’s announcement last week that i…