Tag Archive: Greece

Once again, the world had to hear that negotiations between the Greek government and bondholders did not result in an agreement being reached. Stocks slipped on the news, as investors become wearier of constantly hearing that a deal is close. Meanwhile here in the US, news that consumer spending fell flat in December as more Americans saved begs the question of where exactly growth is going to come from.

Across the European Union – the ongoing debt crisis has sparked an upheaval in the bloc’s political landscape. From Greece to Italy, unelected Eurocrats are on the ascendant – as democracy gives way to a desperate struggle for economic survival. Wasting little time, Mario Monti unveiled his new strategy the very day he took office – more austerity, more cuts, and more tax hikes. But markets are far from convinced – with debt interest rates across the EU reaching catastrophic levels this week.