Tag euro debt crisis

Belgium slashes Dexia guarantee

Belgium and France have decided to halve the guarantees that they provided for Dexia’s bad bank. The bad bank was created to group all Dexia’s problematic loans when the group was dismantled last October. Journalist Andy Carling in Belgium tells…

Utah most vulnerable to European slowdown

It exports gold and silver to the UK and has the highest percent of GDP to Europe of any state. However, the biggest problem and impact will be from financial contagion as yet more houses of cards come tumbling down,…

Europe debt crisis spreads to Italy

Too Big To Bail: European rescue fund can’t handle an Italian crisis Europe scrambles to deal with Italy contagion fallout, calls emergency meeting as former ECB official says “Very worried about Italy” Portugal and Spain are right behind Italy too,…