Coverage of the unfolding crisis
...and how to fix it
Tuesday, February 28, 2012
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by Euromoney Skew
Merkel wins Greek aid vote after warning lawmakers German Chancellor Angela Merkel has won a parliamentary vote on Greek aid after warning German lawmakers that pushing Greece out of the euro would risk incalculable damage.Click here for the full storyS&P downgrades Greece to selective default Standard & Poor's has cut Greece's long-term ratings to 'selective default', the second ratings agency to do so after the country announced a bond swap plan to lighten its debt burden.Click here for the full storyHSBC faces surging overseas pay costs HSBC is facing rapidly rising wage costs in fast-growing economies, including China, India and Brazil. The bank may also face criminal charges in the US in relation to transactions involving Iranian parties. Click here for the full storyInsider Targets Expanding Federal authorities are seeking to build insider-trading cases against roughly 120 individuals on and off Wall Street in an expanding criminal insider-trading investigation that has shaken the financial and corporate worlds. Click here for the full storyEuropean Stocks Sneak Higher European stock markets opened slightly higher Tuesday, with investors encouraged by improving U.S. economic data, while crude-oil futures continue to ease after last week's strong rally, providing some relief to worries about fresh headwinds for the global economy. Click here for the full story
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