Today: EUROZONE Debt Crisis News, May 08, 2011 (2)

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May 8, 2011

EUROZONE Debt Crisis News, May 08, 2011 (2)



Europe pressured to revise Irish and Greek bailouts
Reuters
The 110-billion-euro ($157 billion) rescue of Greece, agreed in May last year, and the 85-billion-euro scheme for Ireland, put together in November, were meant to be the cornerstones of the euro zone's response to its sovereign debt crisis. ...
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Reuters
Greek problems put focus on Spain
Financial Times
By David Oakley in London and Kerin Hope in Athens Greece has denied that it is considering leaving theeurozone but its looming cash crunch could revive fears that the bloc's debt crisis may spread to Spain. The admission at the weekend by George ...
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Finns promise tough love for the eurozone
Financial Times
The success of the anti-European Union True Finns in last month's national elections has threatened to undermine investor confidence in the eurozone's ability to address its debt crisis – and hold up last week's EU-International Monetary Fund €78bn ...
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No euro deal behind Holland's back
Radio Netherlands
Mr De Jager was reassured that Friday's talks in Luxembourg about the Greek debt crisis did not lead to any decisions. "Things can only be decided in the presence of all eurozone member states," they said, according to a Dutch government spokesperson ...
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Key Market Movers This Week: Buying Opportunity or Epic Turning Point?
Seeking Alpha
The EURUSD was challenging pre-Greek-Crisis highs of a year ago of 1.5000 though the EU debt crisistoo has only gotten worse, with Greece at the brink of default and 2 other nations on bailout life support, and too-big-to-bailout Spain's situation has ...
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Greek PM denies euro exit
Edmonton Journal
Ministers from the euro zone's biggest economies met in Luxembourg to discuss Greece's debt crisis on Friday but Athens and senior EU officials denied a report by Germany's Spiegel Online that the Greek government had raised the prospect of leaving the ...
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Turkey, EU will wipe out problems, PM Erdoðan says
Hurriyet Daily News
This year's celebrations are being held in the shadow of an EU financial crisis, as stressedeurozone states from Portugal to Finland faced up Saturday to the need to renegotiate Greece's bailout repayments as “catastrophic” Athens finances returned to ...
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Hurriyet Daily News
Greece: 'Only tourism can save our bankrupt land'
The Guardian
The economic crisis that has engulfed Europe's periphery – peaking with reports, flatly denied by the government, that Athens was poised to exit the eurozone and reinstate the drachma as its currency – is hitting at the heart of the debt-stricken ...
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The Guardian
Toxic Aid: on the European Bill of Fare
International Viewpoint
This actually recalls the management of the debt crisis in developing countries in the 1980s with the Brady Plan [See Éric Toussaint, The World Bank: a Critical Primer (2008), Pluto, London, chapter 15.] Indeed at the beginning of the 1982 crisis the ...
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Athens might need more help
Kathimerini
In an interview with Kathimerini's GK magazine published on Sunday, IMF chief Dominique Strauss-Kahn said Greece would emerge from the crisis if it pushes on with its austerity drive and ruled out debtrestructuring. He blamed Greece's problems on ...
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Indian equities markets fall as RBI raises rates (Weekly market review)
iNewsOne
... the week in losses as commodity shares were battered over falling prices of commodities and concerns heightened over sovereign debt crisis in some Euro zone economies after reports emerged that Greece was mulling a pull out from the European Union. ...
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Greek deal may help Ireland
Shanghai Daily (subscription)
By Carmel Crimmins | 2011-5-9 | NEWSPAPER EDITION IRELAND'S government is watching to see what concessions it can win on its EU-IMF bailout if Greece is given a new deal to resolve its worsening debt crisis, a senior government minister said yesterday. ...
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We won't pay off our debt... Fine Gael Minister admits Ireland plans to ...
Daily Mail
The admission came as Professor Morgan Kelly, the economist who predicted our property crash and the bank crisis, warned that without a restructuring, Ireland will be crushed by its quarter of a trillion euro debt. As Europe tried to ease the pressure ...
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Daily Mail
Ireland expects debt restructuring in 3 years - report
stv.tv
A secretive meeting of top euro zone finance officials on Friday did not yield any decisions on how to proceed with Greece's debt crisis but there is a growing acknowledgement that a new plan is needed. The plan may include pushing back Greece's budget ...
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stv.tv
NewsDaily: Irish government sees opportunity from Greek crisis
NewsDaily: Your best source for breaking news ... Euro zone takes third debt crisis patient into care. BRUSSELS, May 4, 2011 (Reuters) — Portugal and Greece talked up the benefits of Lisbon's decision to accept a multi-billion euro bailout from the European Union and IMF on Wednesday, but the outlook for both...
NewsDaily: Business Headlines - http://www.newsdaily.com/
Irish government sees opportunity from Greek crisis (Reuters ...
By Yahoo! News: Europe News
There is a growing acknowledgement that Greece needs a new economic plan to tackle its deterioratingdebt crisis and top euro zone finance ministers gathered in Luxembourg on Friday night to consider possible options. .
BREAKING NEWS - http://eyelawview.com/
The Fortnightly Review › · Event: Germany and the euro-debt crisis ...
By The Editors
“Greece is heading for economic crisis in either scenario. But if it stays in the eurozone, Athens will kill off the companies that make up its economy”… Greek Prime Minister George Papandreou urged “the EU in particular,
The Fortnightly Review - http://fortnightlyreview.co.uk/
Ireland Expects Debt Restructuring Within Three Years, Report Says
By The Huffington Post News Editors
A secretive meeting of top euro zone finance officials on Friday did not yield any decisions on how to proceed with Greece's debt crisis but there is a growing acknowledgement that a new plan is needed. Story continues below. Advertisement. The plan may include pushing ... LISBON - Portugal is close to reaching an agreement with the European Union and IMF on a bailout for the debt-laden country and there... Greece Debt Restructuring Would Be A Disaster, Officials Warn ...
The Full Feed from HuffingtonPost.com - http://www.huffingtonpost.com/raw_feed_index.rdf
David Smith's EconomicsUK.com: The euro needs more than sticking ...
By David Smith
Its crisis is not a new banking and financial crisis but an aftershock of the 2007-09 global financial crisis. But it could become a new and serious banking crisis in its own right if the path to restructuring Greek, ...Beyond that, serious thought has to be given to the future of the euro. While the financial crisis was the trigger for the eurozone's sovereign debt crisis, an underlying cause was the loss of competitiveness, typically between 25% and 30%, for Greece , ...
David Smith's EconomicsUK.com - http://www.economicsuk.com/blog/
Economic Crisis - Toxic Aid: on the European Bill of Fare
By Éric Toussaint
This actually recalls the management of the debt crisis in developing countries in the 1980s with the Brady Plan [See Éric Toussaint, The World Bank: a Critical Primer (2008), Pluto, London, chapter 15.] Indeed at the beginning of the ...
International Viewpoint - online... - http://www.internationalviewpoint.org/
Eiu Report On The Eurozone Debt Crisis | Manoshevitz
State of the unionCan the euro zone survive its debt crisis? www.eiuState of the union: Can the eurozonesurvive its debt crisis? The European Union is in ...
manoshevitz.com/search/eiu-report-on-the-eurozone-debt-crisis
Euro zone takes third debt crisis patient into care - Bourse ...
But a senior euro zone source said the range EU officials were working with was still ... More than a year into the sovereign debt crisis, which at its peak threatened to ... News Connexes: Time Warner tops expectations, ad sales surge ...
www.easybourse.com/.../euro-zone-takes-third-debt-crisis-pati...
Liberty News Radio - Articles - The Greek Debt Crisis Escalates
The Greek Debt Crisis Escalates. Is Greece Threatening To Leave The Euro? ... " The report on an imminent Greek exit from the eurozone, as well as being ...
libertynewsradio.com/.../00371_The_Greek_Debt_Crisis_Esca...
Sovereign Debt Crisis - Is a Liquidity Crisis Brewing in Europe ...
[EUR=X Loading... () ] zone debt crisis has been overshadowed by events in the ... Head of News. “Last week, 241 banks bid for money at the ECB repo window. ... the euro zone debt crisis unfold knows what happens in Greece today is ... the banks look on nervously, knowing that unless a classic EU compromise deal ...
www.cnbc.com/id/.../Is_a_Liquidity_Crisis_Brewing_in_Euro...
WRAPUP 1-Euro zone takes third debt crisis patient into care
Euro zone debt crisis remains in critical phase. By Luke Baker ... Lisbon's decision to accept a 78-billion-euro bailout from the European Union and IMF on Wednesday, ... Other News. 01:29. Braga and Porto through to Europa League final ...
www.bighaber.com/.../wrapup-1-euro-zone-takes-third-debt-c.

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