11 June 2012 23:08 [Source: ICIS news]
WASHINGTON (ICIS)--The White House on Monday welcomed the move by European leaders to bail out ?xml:namespace>
White House spokesman Jay Carney said that the Obama administration “welcomes
Over the weekend
Worries that Spanish banks could topple under the weight of toxic European sovereign debt bonds and devalued real estate loans was the latest in an ongoing series of break points in the three-year-old European financial crisis.
Repeating comments made over the weekend by US Treasury Secretary Tim Geithner, Carney said that the bailout deal for
However, Carney cautioned that “the eurozone crisis remains a headwind to the
“Our economic stake in Europe is immense,” he said, noting that “
News of the euro zone bailout plan for
But US stock markets later turned sharply down as uncertainty emerged about terms of the bailout and whether
The Dow Jones Industrial Average (DJIA) closed down by nearly 143 points on Monday.
Markets also appear rattled in advance of Greek national elections on Sunday, 17 June, and whether political parties who oppose terms of
($1 = €0.80)
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