Euro bailout firewall not big enough
The recent €100 billion bailout of Spain’s banks will leave Europe’s financial rescue fund without enough money to bail out another big economy, an international banking group warned on Sunday.
Contagion risks run high in Greek vote
The cloud of uncertainty hanging over Greece is unlikely to lift following Sunday’s election, which means the risk of contagion will continue to threaten global financial markets.
Oil sanctions on Iran loom despite talks
The latest round of talks over Iran’s nuclear program are set to begin Monday in Moscow, but analysts are not expecting a breakthrough that would avoid sanctions in coming weeks.
