europe's deepening crisis drags wall street lowernew york (reuters) - stocks tumbled on wednesday as surging bond yields in spain and italy ratcheted up tensions in financial markets about europe's ability to solve its growing debt crisis. angst over europe drove investors away from risky assets and into safe havens. u.s. treasury benchmark yields fell to their lowest in at least 60 years, prices for crude fell more than 3 percent and the...indonesia president warns of europe impact on asiaindonesian president susilo bambang yudhoyono said europe's economic woes could hit southeast asia and warned the region against copying the integrated eurozone model, in comments printed wednesday.all of europe's a stadiumit's a prime irony, that while europe is suffering a great financial crisis, in counterpoint, the continent is starting to spend the summer awash in a veritable plethora of joyous sporting events -- a rolling athletic circus to divert europeans from angela merkel telling them to get serious and tighten their belts.once a selling point, europe now a drag for obamaobama can trace part of his predicament on syria to europe’s degenerating fiscal and economic conditions. but if he loses in november, obama will be able to put even more of the blame on his european admirers and their woeful conditions. |
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