Euro Officials Say the EU Bailout Fund Has Enough Funds After Downgrade

A sculpture showing the euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Article By Patrick Donahue, Rainer Buergin, Josiane Kremer, John Fraher, Bloomber European officials said the euro region’s temporary bailout facility has enough funds to deal with the sovereign debt crisis after losing its top credit rating at Standard & Poor’s. “The EFSF has sufficient means to fulfil its commitments under current and potential future adjustment [...]

Larry McDonald Gives Outlook on Eurozone

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‘A Colossal Failure of Common Sense,’ author Larry McDonald gives his outlook for the European markets. Watch the latest video at video.foxbusiness.com

How Much Risk Does U.S. Face From Europe?

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Former Lehman Brothers V.P. Larry McDonald on the S&P downgrades in Europe and their impact on U.S. banks. Watch the latest video at video.foxbusiness.com

Reports: France Downgraded by S&P, Others Set to Follow

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Article By CNBC.com and Reuters Standard & Poor’s has downgraded France’s credit rating, French TV reported Friday, while several other euro zone countries face the same fate later in the day, according to reports. Germany and the Netherlands aren’t among those facing a downgrade, a senior euro zone government source told Reuters. Another source confirmed [...]

Greece’s Creditors Said to Resist Pressure from IMF for Bigger Losses

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Article By Christos Ziotis, Marcus Bensasson and Jesse Westbrook, Bloomberg Greece’s creditors are resisting pressure from the International Monetary Fund to accept bigger losses on holdings of the indebted nation’s government bonds, said three people with direct knowledge of the discussions. Lenders want the 70 billion euros ($91 billion) of new bonds the government will issue in [...]