cramer: europe has become a black boxnew york (real money) -- we have the largest game of chicken going on that i can ever recall. on the one hand we have the adamant germans who are not going to give an inch on the purse strings of europe that they clearly control. on the other hand, there's every other country in the european union that now thinks, because of the troubles in spain and italy, not just greece, that bonds must ...europe proposes banking union to ease debt crisisas europe's debt crisis intensifies, top officials say the continent urgently needs a central authority with the financial muscle to fix its broken banks.gross says avoid europe until private solution: tom keenepacific investment management co.’s bill gross said investors should avoid europe until credit begins flowing again from the private sector as government solutions aren’t enough to stem the region’s debt crisis.u.s. shuttle diplomacy seeks to pull europe back from brinkwashington (reuters) - the obama administration is engaged in a fresh round of shuttle diplomacy to nudge european union leaders into decisive action to prevent europe's widening crisis from undermining the u.s. and global recoveries. officials in washington believe the u.s. banking system is in sound enough shape, but they know from the collapse of lehman brothers in 2008 and the asia cris... |
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