News
WSJ | Next, Athens Seeks Coalition, Cuts
Greece's conservatives eked out a slim victory in Sunday's elections, a result opening the door to a coalition government that will try to keep the country in the euro zone by sticking to an international bailout program.
USA Today | Foreign holdings of U.S. debt hit record high
Foreign demand for U.S. Treasury securities rose to a record high in April. China, the largest buyer of Treasury debt, increased its holdings slightly after trimming them for two straight months.
WSJ | Funds for Region Called Insufficient
The euro-zone's bailout funds are now insufficient to aid a large member of the currency area, the world's biggest private financial institutions said Sunday.
Bloomberg | Fiscal Cliff Road Paved by Those Who Took U.S. to Brink
The people responsible for averting the end-of-year fiscal cliff are the same ones who almost caused a U.S. debt default, let airline ticket taxes lapse for two weeks and came within two hours of shutting down the government.
WSJ | IMF Warns of Irish Borrowing Woes, Puts Onus on Euro Zone
The Irish government will find it difficult to return to international bond markets next year unless the euro zone comes up with a plan that promises to end its long-running fiscal drama, the International Monetary Fund said Friday.
National Journal | House Republican Proposes One-Year Solution to Fiscal Cliff
Amid concerns that lawmakers will be unable to unite to prevent the U.S. economy from dropping off a looming fiscal cliff this fall, the chairman of the House's Republican Policy Committee suggested a solution: Punt the problem for a year.
Econ Comments & Analysis
WSJ | A Greek Reprieve
Europeans—at least the non-Germans—breathed a sigh of relief Sunday as a plurality of Greek voters took a step back from jumping out of the euro zone. Now we'll see what Europe's leaders can do with their latest reprieve.
CNN Money | Euro bailout firewall not big enough
The recent €100 billion bailout of Spain's banks will leave Europe's financial rescue fund without enough money to bail out another big economy, an international banking group warned on Sunday.
