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Polish Foreign Minister Radoslaw Sikorski made an unusual appeal to Germany in a desperate attempt to get Germany to do more to save the eurozone from collapse. The Polish foreign minister said that a eurozone collapse was the biggest threat to the security and prosperity of Poland and that...

Moody's Investors Service sounded the alarm early on Monday morning that the credit ratings of all members of the European Union were now at risk because of the financial crisis that has been escalating in Europe for more than a year. The ratings agency said that the financial crisis that has...

German Finance Minister Wolfgang Schaeuble said the European Union needs to quickly enact treaty changes in order to better deal with the eurozone financial crisis. The German Finance Minister said that a treaty change was needed so that the European Union could have veto power over the budgets of...

As the statement goes, hope is not a valid investment thesis. Yet, that appeared to be the case on Friday morning. Markets in the US traded higher on Friday—at one point, the Dow Jones Industrial Average was up over 100 points. The financials enjoyed strong bullish activity, rallying the most of...

The amount of funds that European banks sought from the European Central Bank (ECB) climbed on Tuesday to the highest level since April 2009. The European Central Bank reported that 178 European banks requested 247 billion euros ($333 billion) in one-week loans on Tuesday. The increased demand for...

The Spanish government saw the yield on its 3 month bills more than double in its first debt auction since the People's Party defeated the outgoing Socialist Party in Sunday's election. The Spanish Treasury successfully raised nearly 3 billion euros ($4 billion) during the auction but the...

Super Mario is able to do it again, at least for a little while. ECB President Mario Draghi and the rest of the European Central Bank have now been given the approval to purchase $27 billion worth of sovereign debt every week, as Europe tries to stave off a debt crisis of epic proportions....

On Thursday afternoon the equity markets and some commodities cratered. Silver was absolutely pummeled, dropping nearly 7% while Treasuries rallied. Trouble emanating from Europe may have been the primary catalyst behind the downward move, as the yields on bonds in Italy and Spain continued to...

After months of rollercoaster riding, even the most stubborn traders have accepted the fact that the European politics have taken over the U.S. equity markets. Anonymous sources ranging from the janitor at the European Central Bank to a cousin of the Greek opposition leader have had more market...

Gold is seen by most as a safe-haven. If equity markets are in turmoil, buy gold, we always hear. Gold bulls are currently predicting gold to move over $2000 an ounce by year end. Some of the gold bull's thesis goes something like this: Italy, Greece, and eventually Spain will cause a European end...

Back in July, I wrote about the debt dominoes starting to fall, but no one was caring that much. The article related to the problems in the U.S., where we eventually saw S&P downgrade U.S. debt. Yet, the issue of a debt domino is easily just as applicable to Europe as well. Last week, when...

Yesterday, it seemed as if all hope was lost in Europe, that the issues between the banks, Germany, France, and the ECB were too many to get a deal done. Then around 10 p.m. last night, the futures started to move higher, and we learned that Europe had reached an accord, at least for now. "The...

This morning we got an announcement from the "troika" that Greece would get the €8 billion ($11 billion) in aid it was promised under the first Greek bailout in 2010, with the payment likely coming in November. Despite getting the payment issue all but settled, the troika, which includes the...

The euro dropped to an 8-month low against the American dollar, as concerns over Greece's ability to pay its debts continued to put pressure on the eurozone currency. European stock markets were also down during Monday trading as investors worried about the effect that a Greek default would have on...

I woke up this morning around 4 AM EST, and was surprised to see futures doing nothing in the U.S. as a plan seems to be forming in Europe to copy the United States of Bailout plan for 2008.  A few hours later they are ripping higher.  While there is still a long road to get 17 countries to agree...