European Debt Crisis News

What has been perhaps the most significant factor in the European Debt Crisis for the currencies markets has not been the actual event itself, but the reaction of global central bankers..

Paris - Because of the poor economic prognosis in parts of the debt-plagued euro zone, the Organization of Economic Co-operation and Development has reduced its global growth estimate for next year.

Two Greek television journalists, Marilena Katsimi and Kostas Arvanitis, have been suspended by a Greek state television channel after they voiced criticism of Greek public order minister Nikos Dendias.

There is much speculation as to whether the United States' third round of quantitative easing, known as QE3, will set sail shortly.

Europe’s frail economic outlook further dimmed Monday when Spain officially sank into its second recession in three years.

Sydney - The Dow is sending some very interesting, if not entirely believable and very mixed, signals. The world’s most self-obsessed index hit 13070.06, a level not seen since May 2007. The question is whether this is just another financial hallucination.

Washington - Looking backward, President Obama noted in his State of the Union speech Tuesday night the country’s current economic malaise is due to “bad behavior” from the Bush administration, proving yet again American politics knows no shame.

Rome - A protest in Rome on Sunday attracted thousands of women demanding greater rights, called for ending discrimination, and blamed a “macho culture” for the crisis in the euro zone’s third-largest economy.