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Keyword: EU

Shaky Union (5/12/2010)

Even though members of the European Union have no control over their domestic monetary policies, their undisciplined domestic fiscal policies can still wreak great havoc for the financial health of the Union.

Keywords: balanced budget, budget deficit, California, debt, debt/GDP ratio, depreciation, EU, euro crisis, European Union, exchange rate, fiscal policy, Germany, Greece, monetary policy

The Greek Debt Tragedy (5/12/2010)

Heavily indebted Greece was taken to task by bond investors who demanded higher yield to offset higher default risk and rating agencies who threatened to downgrade its bonds.

Keywords: bond rating, Bond yield, CDS, credit default swap, debt, deficit, EU, Greece