Free Republic

Dozens of hippies who got stuck at a festival in Panama due to coronavirus realized that the collectivist utopia they sought after is actually “hell” as they bicker over food and territory.

Europe must fight market 'attack': Portugal PM (LISBON) - Portuguese Prime Minister Jose Socrates on Friday urged the European Union to react against a market "attack" following downgrades in the credit ratings of Greece, Portugal and Spain this week. "This attack is directed against the European project," Socrates said during a parliamentary debate. "This attack, without foundation, is targeting the euro as a whole and the sovereign debt of several countries," he added. "Europe should take measures and go from words to actions," he said, stressing in particular the importance of ensuring that credit rating agencies are regulated in such...

<p>FRANKFURT (Dow Jones)--As global financial markets eye Greece's mounting fiscal woes Wednesday, analysts warn that some German and French banks could incur billions of euros in earnings losses and write-downs given their high exposure to Greek debt.</p> <p>French banks would be dealt a "severe" blow by a default on Greece's debt, even if their underlying book value would remain in tact, said Dirk Hoffmann-Becking of Sanford C. Bernstein.</p>