The New American
If the EU were flooded by euros printed by Ireland, Greece, and Portugal — and perhaps Belgium, Spain, and Italy as well — then the whole structure of the ...
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Greek Bondholders Unlikely to Get Paid Back in Full, Goldman's Wilson Says
Bloomberg
The Frankfurt-based ECB is supporting nations including Greece, Portugal and Ireland by buying their bonds, while European governments are considering ...
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Who says it doesn't pay to default?
Economic Times
Last year, the EU orchestrated a rescue of Greece and Ireland. What if Portugal, Spain, Italy and Belgium were to require rescue this year? ...
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Ldn FX: Euro-Dollar Buoyed Over $1.34 By Firm Sovereign Demand
IMarketnews.com
EUROZONE: Press pick-ups concerning the eurozone Thursday, * UK PRESS: Portugal is likely to face a credit downgrade to its sovereign rating from Moody's, ...
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Brendan Keenan: Euro bailout must be big and bold
Irish Independent
Even if Greece and Ireland stabilise their public finances as planned, the debt burden by then -- certainly in the case of Greece, probably in the case of ...
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Now is a good time to show some courage
European Voice
... the sovereign debt markets, Greece, Ireland and Portugal. These are struggling to hold the line on deeply unpopular policies. Spain, Italy, even France, ...
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International Forecaster January 2011 (#6) - Gold, Silver, Economy + More
Gold Seek
Problems are not confined to the US. Ireland, England and Greece are on the hot spot. The debt Ireland has guaranteed is colossal. It is 30% of GDP. ...
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Why Gold Is a Better Currency Indicator Than the U.S. Dollar Index
Seeking Alpha
If the euro were to all of a sudden crash, as it did last year, because of its looming issues with Portugal, Ireland, Italy, Greece and Spain (the PIIGS), ...
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East Africa single currency talks resume
The Observer (blog)
However, the currency continues to come under intense pressure in the wake of high deficits in Greece, Spain, Italy, Ireland and Portugal, with some experts ...
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Miners drag European shares after strong China data
Reuters UK
ISEQ fell 0.9 percent, Spain's IBEX .IBEX, gained 0.8 percent and Italy's FTSE MIB was up 0.8 percent. Investors kept an eye on the euro zone debt crisis. ...
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Germany studies possible Greek restructuring
Vision Insights and New Horizons
German newspaper Die Zeit, citing government sources, reported Berlin is considering a plan to allow Greece to buy back its own debt using euro zone crisis ...
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Is Europe on the Verge of a Double Dip? | www.bullfax.com
By marketmaker
Will Europe's Financial Crisis Finish the Euro and the EU? Michael T. Snyder submits: The Irish banking system is melting down right in front of our eyes. Ireland, Portugal, Greece and Spain are all drowning in debt. It is becoming extremely expensive ... At this point, many analysts are convinced that a full- blown financial implosion in Europe has become inevitable. Ireland, Spain, Portugal, Italy, France and Belgium are all drowning in an ocean of unsustainable debt. ...
Bullfax.com - Market News & Analysis - http://www.bullfax.com/
Not Just a German Problem: Lessons from the EMU Sovereign Debt ...
By Matthias Matthijs
Eurozone governments, after having bailed out their financial sectors with an unprecedented infusion of public money, found themselves with all the bad debt they had taken on from those private sectors on their own balance sheets. ... There is no doubt that Greece and Portugal suffered from more chronically weak public finances, while Spain and Ireland had very healthy fiscal positions for the past ten years, but saw their booms being financed with large inflows of ...
Crooked Timber - http://crookedtimber.org/
Chines economic growth rises whilst a debt restructuring in Greece ...
By notayesmanseconomics
The German newspaper Die Zelt also published a story saying that Germany may allow Greece to buyback some of its debt using Euro zone crisis fund such as the European Financial Stability Fund or EFSF. Indeed there has been discussion of the EFSF helping Greece in ... Also they would be capable of spotting the likelihood of such a policy spreading to say Portugal and Ireland which is unlikely to encourage them to hold debt there so you could cause further problems there. ...
Notayesmanseconomics's Blog - http://notayesmanseconomics.wordpress.com/
Sovereign risk: The impact of national numerical fiscal rules ...
Large public spending packages designed to support domestic consumption and the financial sector have coincided with sizeable drops of growth and public revenue and resulted in soaring public debt in many countries. ... fiscal rules in force in the other Eurozone countries ranged between zero (for Greece, that has had no such rule in force) and above 9 for the Netherlands and Spain. Countries with below-average fiscal rule index scores were Ireland, Portugal, and Italy. ...
VoxEU.org: Recent Articles - http://www.voxeu.org/
Today: FINANCIAL news, money, banks, stock, economic and financial ...
By Interalex
Inflation has euro zone in a headlock- MSN Money The bank is fighting to keep debt crises in Greece, Ireland, Portugal, and Spain from becoming a European Union-wide financial and economic crisis. ... Top Stocks: Stock market news, ...
Today - http://interalex1.blogspot.com/
10:54 PM - Eastern European Forum
By untermensch
Financial Chaos and Debt Default in the European Union Between now and the end of the year, most likely in the fall, we'll see major financial and economic problems in Greece, Ireland, Portugal, Belgium, Spain and Italy. ...
Eastern European Forum - http://eastern-european-forum.blogspot.com/
Debt Continues To Accumulate As The Economic Climate Worsens ...
By Truth is Contagious
As municipalities approach failure and as the Fed keeps a broken system alive, Europe does everything possible to keep the euro zone and the EU from collapsing . Due to ECB and Chinese intervention, Portugal, Spain and Greece are hanging ... While this transpires just Portugal, Belgium, Spain and Italy have to raise $800 billion this year, the bulk of it in the first two quarters and the lions share in the first quarter. Greece and Ireland kick the total up to $1 trillion. ...
Truth is Contagious - http://truthiscontagious.com/
Greek debt crisis fears reappear | Stuff.co.nz
Officials in Germany's finance ministry are working on contingency plans to handle the fallout in case Greece defaults or needs to restructure its debt, sources with direct knowledge of the matter said. ... saw that report as a possible new step forward in Europe's efforts to quell the debt crisis, and the idea of a shift of Greece's debt out of private hands and onto EU governments buoyed markets, reducing the relative cost of borrowing for Italy, Spain and Portugal. ...
Stuff.co.nz - Business - http://www.stuff.co.nz/business
Is Europe On The Verge Of A Double Dip?
By Cullen Roche
As the problems in Portugal, Spain and Italy evolve there is the potential for even greater austerity and forced pain in the EMU. Meanwhile, the core nations have largely recovered, however, there are signs of weakness. .... This problem has apparently been solved over at CNBC: "Greece to Buy Back It's Own Debt!" http://www.cnbc.com/id/41168799. (And isn't Ireland printing money? Who cares if it has its own currency. It has its own printing press). ...
Clusterstock - http://www.businessinsider.com/clusterstock
Greece Unable To Repay Debt In Full, Claims Lars Feld, Designated ...
By Tyler Durden
Wait until Ireland, Portugal, Italy, Spain, Hungary, Belgium, Ukraine, Romania, and Bulgaria tell them the same thing. Login or register to post comments. by Caviar Emptor on Wed, 01/19/2011 - 09:59 .... Of course they put money into the EU money to Greece also, but they know that it at least saves their banks from imploding and they can keep playing games with the world or Europe by moving the debt around and/or trying to soak it up with the other countries. ...
zero hedge - on a long enough... - http://www.zerohedge.com/fullrss2.xml
0 comments - Mark's Market Analysis
By Mark
The debt crisis that began in Greece now threatens Portugal and Spain. EU governments aim to find a solution by March, German Finance Minister Wolfgang Schaeuble said Jan. 13. Purchases of outstanding Greek debt, lower interest rates on rescue loans, aid for Portugal and guarantees ... Greece wants to revise maturities to avoid a “hump” in repayments in 2014 and 2015 and bring them into line with those for Ireland, which received an 85 billion-euro bailout late last year. ...
Mark's market analysis - http://www.marksmarketanalysis.com/
Is Europe On The Verge Of A Double Dip?
By vjb
As the problems in Portugal, Spain and Italy evolve there is the potential for even greater austerity and forced pain in the EMU. Meanwhile, the core nations have largely recovered, however, there are signs of weakness. In a recent strategy note the always excellent Michael Darda, Chief Economist of MKM Partners detailed the reasons why he is becoming increasingly concerned about a Eurozone double dip: Leading indicators in the Eurozone have rolled over. ...
Keep America At Work - http://keepamericaatwork.com/
The Observer - East Africa single currency talks resume
By Moses Talemwa
However, the currency continues to come under intense pressure in the wake of high deficits in Greece, Spain, Italy, Ireland and Portugal, with some experts arguing that some countries were not prepared for a single currency. ... and monetary union is a source of inspiration for the partner states of the East African Community in their efforts to achieve regional economic and financial integration. “There are valuable lessons to be learned from the experience of the EU. ...
The Observer - News, Analysis,... - http://observer.ug/?q=Matteo+Raimondi+Bitflow+Comunione+Liberazione
Miners drag European shares after strong China data
By admin
Ireland's ISEQ <.ISEQ> fell 0.9 percent, Spain's IBEX <.IBEX>, gained 0.8 percent and Italy's FTSE MIB <.FTMIB> was up 0.8 percent. DEBT CRISIS. Investors kept an eye on the euro zone debt crisis. The chief of the European rescue fund Klaus Regling told Deutschlandfunk German radio that Greece does not need a restructuring of debt and the rescue fund currently needs no expansion. “ Sovereign debt is like the tide on the beach. You feel happy when the water has receded and ...
Asia Network, Entertainment and... - http://www.asiaweeks.net/
Toronto Real Estate and Neighbourhoods Blog | Move Smartly: Canada ...
By Dave L.
This is mainly because its three largest economies, the U.S., the EU and China, are all vulnerable at the moment. Canada, meanwhile, has continued to put up numbers that are the envy of the developed world, but our momentum has started to slow .... The main Irish opposition party is promising to reject the bailout and opt for default instead, and if Ireland falls, what of Greece, Portugal, Spain, and Italy? As mentioned above, large-scale defaults can send bond yields, ...
Toronto Real Estate and Neighbourhood... - http://www.movesmartly.com/
Germany studying Greek restructuring: sources | Investor Vortex
By pennystock
One source close to the finance ministry said German civil servants were analyzing how a Greek restructuring might work, as well as what this would mean for German banks and the stability of the euro zone. ... the debt crisis, and the idea of a shift of Greece's debt out of private hands and onto EU governments buoyed markets, reducing the relative cost of borrowing for Italy, Spain and Portugal. But Greece and Germany denied preparing for any restructuring of Greek debt. ...
Investor Vortex - http://investorvortex.com/
RSS News Feeds For Traders: Greek Default?
By x11115's Blog
But wait there's Greece, Ireland, Italy, Portugal, and Spain to drag down the Euro. One can call this an Ugly Pagent as the Eurozone has done it's fair share of bailing out of it's pig states in comparison to the Fed's printing press ... As if the Greece financial crisis wasn't enough for the EU, to make matters worse, Ireland also is a high risk to Eurozone stability, with high debt and deficit issues. Prior to the Ireland problem the Euro had been in "recovery mode " ...
RSS News Feeds For Traders - http://forex-rssfeeds.blogspot.com/
What Do Mexico, Norway, & Italy Share? | InsiderFortunes
By Andrew Gordon
Analysts say Mexico City-based America Movil SAB, trading 35 percent below its valuation before the 2008 financial crisis, will post growth every quarter through the end of 2012. “We have money in Norway, ... 14, completing its seventh straight weekly advance, after European officials stepped up efforts to solve the debt crisis and Japan pledged to buy bonds to aid Ireland and Greece. ...
InsiderFortunes - http://www.insiderfortunes.com/
The problem facing Greece, Ireland et al « The CME Report
By thecmereport
The chart shows the problem confronting Ireland, Italy and Spain (and Greece although it is not shown). Not only are their economies struggling under a crushing debt burden, but their labour market competitiveness has been steadily eroded ... But as members of the euro-zone, this option is not open as remedy. This leaves only one alternative (short of leaving the euro), which is a sharp drop in the real wages of workers in those nations. As the chart shows, Ireland has ...
The CME Report - http://thecmereport.wordpress.com/
Commodity News and updates: Why Gold Is a Better Currency ...
By Ramesh
If the euro were to all of a sudden crash, as it did last year, because of its looming issues with Portugal, Ireland, Italy, Greece and Spain (the PIIGS), the dollar would automatically shoot up in value. ... But the U.S. Dollar Index wouldn't show just how much panic there would be in the streets of New York, London, Tokyo and the eurozone. It would pretty much stay about where it is depending on the value of the remaining 16.9% of currencies. ...
Commodity News and updates - http://bangalorecommodity.blogspot.com/
Galbraith Says He Fears `Uncontrolled Crisis in Europe' | Stock Q
By Stock Q
... Greece greek default imf hedge funds pigs European union eu euro central bank financial crisis emf bailout loans Europe unemployment spain portugal italy Ireland deficit budget james galbraith g20 recovery us household consumer debt ...
Stock Q - http://www.stockq.in/
Spain backs Bolivia in coca leaf campaign - Karameloo News U.K.
By admin
MADRID (Reuters) – A mission from the International Monetary Fund (IMF) will visit Spain on Monday to carry out a routine study of the country's financial system, as part of an annual global report, a government official said on Sunday . ... MADRID/FRANKFURT (Reuters) – Spain and Italy staged successful bond sales on Thursday, easing concerns about an escalation of euro zone debt strife and buying the bloc's leaders more time to come up with a new package of anti-crisis ...
Karameloo News U.K. - http://news.karameloo.com/
Turkey's boom brings dilemmas new and old
By aira
By the time the global financial crisis came around in 2008, Turkey had already finished the diet of belt-tightening and bad debt workouts that the West has only just embarked on. ... “The EU is a matter of democracy, improving institutions and social development,” says Dr Ulgen. Although he thinks membership would also be good for the economy, its most important role is as an anchor for Turkey's politics. Opposition parties and the army are highly suspicious of the ...
Turkish Forum - http://www.turkishforum.com.tr/en/content/
El Euro está muerto - Burbuja Económica
By qwer1234
The only way out of this conundrum is for countries with insurmountable debt burdens to default on their euro-denominated debts and exit the eurozone so that they can finance their continuing fiscal deficits by printing their own currency . Here's a hint for Europe's politicians: If ... The countries currently teetering on the precipice include "peripheral" countries -- such as Greece, Ireland, and Portugal -- as well as large countries, such as Spain, Italy, and France. ...
Burbuja Económica - http://www.burbuja.info/inmobiliaria/
Britain is migrant magnet of Europe: Only Spain admits more non-EU ...
By Reporters
AEGIS HOT TUB COVERS MARBELLA, ANDALUCIA, Spain Landline: 952883055 ~ Mobile: 652659021 We supply made-to-measure spa & hot tub covers & lifters using only the highest quality materials and all covers are re-enforced with stainless ...
Marbella Times - http://marbellatimes.blogspot.com/
Gonzalo Raffo InfoNews: CHINA´S BEST WAY FORWARD / THE FINANCIAL ...
By Gonzalo Raffo de Lavalle
China has supported eurozone policy throughout the current crisis, but must urgently seek clarification as to whether its holdings of euro periphery debt will be part of any restructuring. Until such clarification is provided, ...
Gonzalo Raffo InfoNews - http://gonzaloraffoinfonews.blogspot.com/
Pound Weakens Against the Euro on Crisis Optimism as BOE Holds ...
By admin
... held above $1.31 as the foreign exchange market digested successful bond auctions in Italy and Spain, ahead of an interest rate call from the European Central Bank. Read more on AFP Journal Internet Finance News (EU) via Yahoo! UK & Ireland Finance ... The pound weakened against the euro amid optimism that Europe's sovereign-debt crisis is abating, as the Bank of England kept its benchmark interest rate at a record low and left its bond-purchase program unchanged. ...
Your Source For Forex Information - http://www.forexandcurrencytrading.info/
Calling England: More 'Financial Corrections' For UK
By Goodnight Vienna
More 'Financial Corrections' For UK. That's fines to you and me. Apparently we haven't been handling EU funds properly, particularly in the farming sector, so the EU is threatening to impose a further fine of £601m on top of £398m ...
Calling England - http://callingengland.blogspot.com/
Bail-out alternatives « Euro area debt crisis
Greece and Ireland, however, have been taken out of the markets to raise funding . .... Soaring bond yields for Portugal, Spain, Italy and Belgium last week and ... eurozone bonds issued later this month as part of the European Financial ...
eiueuroareadebtcrisis.wordpress.com/.../bail-out-alternatives/
Pressure on Portugal rises amid debt fears - Portugal News
Pressure on Portugal rises amid debt fears - Since the Bailout of Greece in May, ... from Spain and Italy. Short-term bill... EU denies Portugal bailout planned ... a financial Bailout, following in the footsteps of Greece and Ireland, ...
bizifi.com/.../Pressure-on-Portugal-rises-amid-debt-fears-1832...
Portugal's Bond Sale Better Than Expected - NYTimes.com
Last year, both Greece and Ireland were forced to apply for rescue ... Bond auctions in Spain and Italy on Thursday were expected to provide furthers signs of whether the euro zone debt crisis ... “Portugal won't request any financial help for the simple reason that it doesn't need it,” Mr. Sócrates said Tuesday. ...
www.nytimes.com/2011/01/13/business/global/13euro.html
AM 770: News. Talk. Sports. - Business News
Spain, Italy easily tap investors for cash amid reports Germany backing bailout ... modest relief from its debt crisis Thursday after Spain and Italy successfully ... amid fears that Portugal may soon be forced to seek a financial rescue. ... cent of the eurozone economy, whereas Greece, Ireland and Portugal only ...
www.am770chqr.com/News/Business/article.aspx?id=255923
Pressure on Portugal rises amid debt fears | Business | Chron.com ...
The finance minister of Portugal went to China twice late last year, ... Before Ireland was forced to accept a rescue from its partners in the EU and the ... of the eurozone economy, while Greece, Ireland and Portugal account for only ... The Spain and Italy debt auctions "will be a truer test of whether or not ...
www.chron.com/disp/story.mpl/business/7374648.html
Portugal, refusing bailout, faces key bond test - Bennington Banner
as Greece and Ireland, which last year needed massive bailouts from Europe and ... Finance Minister Fernando Teixeira dos Santos vented frustration at a ... to help Portugal, as it has supported Greece and Spain, by buying their debt. ... 2010 would be the third highest in the EU behind Greece and Italy, and Spain, ...
www.benningtonbanner.com/news/ci_17069823
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