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...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.europe agrees: greece is the laziest, most incompetent nation in the eugreece is the hardest-working country in the eu, according to greece -- and only greece. according to britain, germany, spain, poland, and the czech republic, it's the laziest country in europe. meanwhile, ...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 ... |
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