NEW YORK - Derivatives have become a dirty word. The complex financial products helped blow up the U.S. housing market. They all but sank AIG. Now European officials want to crack down on a derivative called a credit default swap. […]
U.S. President Barack Obama reacted positively to European ideas about cracking down on currency speculation, Greek Prime Minister George Papandreou said following a White House meeting Tuesday. […]
Greece, pressing for curbs on financial speculation that it blames for worsening the country's debt crisis, said on Tuesday the idea would be examined by the Group of 20 leading powers at their next summit. […]
Greece, pressing for curbs on financial speculation it blames for worsening the country's debt crisis, said on Tuesday the idea would be examined by the G20 leading powers at their next meeting. […]
Top Greek officials pressed their case on Tuesday for curbs on speculative trading they blame for pushing the country into crisis, but the Obama administration reacted coolly, saying it was working on its own plans to make trading more transparent. […]
Greek Finance Minister George Papaconstantinou on Tuesday proposed a ban on derivative trading techniques that increase debt costs for countries like Greece which struggle to cut their deficits. […]
LONDON (AFP) - The euro fell against the dollar in European deals on Tuesday as investors awaited fresh details on Greece's plans to resolve the nation's debt crisis, analysts said. […]
LISBON (AFP) - The Portuguese government said Monday it would cut spending, delay investment and sell state assets to fix Portugal's finances just a week after fellow eurozone member Greece took similar unpopular steps. […]