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The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

Another debt ceiling debacle could sink the economy

Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse.  Read more at Counterparties  

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Breakingviews euro zone bank stress test calculator

Euro zone bank stress test calculator

Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress test.  Full Coverage 

Obama: U.S. will do what it can to help euro zone

WASHINGTON | Thu Feb 9, 2012 3:48pm EST

WASHINGTON (Reuters) - President Barack Obama assured Italian Prime Minister Mario Monti on Thursday that the United States will do whatever it can to help stabilize the situation in the euro zone.

Obama, after White House talks with Monti, also told reporters that he stressed the importance of a strong European financial firewall to contain the euro zone's debt problems.

(Reporting by Alister Bull)
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Comments (1)
America009 wrote:
First get your own house and your own people in order then think about others. Moving markets higher is not the only way to resolve problems and not the only way to buy more time!

Feb 09, 2012 10:39pm EST  --  Report as abuse
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