Reuters
So the European Union could easily afford any rescue of Cyprus. However, a fourth bailout in theeuro zone could unsettle markets by underlining the way in which the debt crisis can spread as problems in one country affect other states. ...
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Euro zone ministers to meet on June 14 - sources
Reuters
BRUSSELS, June 10 (Reuters) - Euro zone finance ministers will meet in Brussels next Tuesday to discuss Greece and the broader sovereign debt crisis, a European Union sources said on Friday. The meeting is expected to prepare the ground for a further ...
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The World from Berlin: Politicians 'Are Lying Through Their Teeth' on Greek Aid
Spiegel Online
In the middle of a severe crisis in the euro zone, the ECB cannot simply duck its responsibilities. … It would be a good idea if the ECB were to vigorously encourage governments to create the necessary conditions for a restructuring of Greek debt. ...
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Spiegel Online
Rehn Calls for Euro Improvements After 'Fire-Fighting' Ends
Bloomberg
Amid the ongoing banking and debt crisis, economic recovery in Europe is “maintaining its momentum” and becoming more “self-sustaining,” Rehn said. He said EU economic policy needs to promote innovation, noting that China is on pace to surpass Europe's ...
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Morning Briefing: Eyes on Euro-Zone Post-ECB Meeting
Wall Street Journal (blog)
HUNGARY: The sovereign-debt crisis in the euro zone has shown that countries need to coordinate further, but they shouldn't abandon their autonomy to set taxes, Hungary's minister of state for international economic relations said Thursday. ...
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Treasurys Rise, Resuming Bull Run After Thursday's Selling
Wall Street Journal
Traders say more weak economic releases or euro-zone crisis shocks could send yields into even worse territory. Disagreement among policy makers within the European Union on solutions to the Greek debt woes added to the market's anxiety Friday. ...
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Gold May Advance on Concern About Europe's Debt Crisis, Gold Investors Need...
USA Market News
... but concerns over the euro zone debt crisis kept prices firmly underpinned as they boosted the metal's haven appeal. Gold may gain for a second day in New York as concern about Europe'ssovereign-debt crisis and slowing economic growth spur demand ...
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MARKET COMMENT: Peugeot, Hermes Lead Europe Stocks Lower
Wall Street Journal
By Simon Kennedy LONDON (Dow Jones)--European stock markets sank Friday and posted a weekly loss, pressured by worries about the global economic recovery and the long-running euro-zone debt crisis. The Stoxx Europe 600 index fell 1.3% to end at 268.15. ...
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Currency Markets Nervy As Europe Debt Woes Regain Spotlight
Wall Street Journal
This resulted in Europe's sovereign debt crisis being yet again in the limelight, hitting the euro hard, and crimping other currencies seen as risky bets across the board. "The euro is getting smoked at the moment," said Paul Mackel, ...
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Five world markets themes in the coming week
Reuters
Bond yields and credit default swaps are close to or at record peaks as obstacles remain to a solution to Greece's debt crisis. While key parties to bailout talks -- the European Central Bank, theEuropean Union and euro zone paymaster Germany ...
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Debtocracy: the samizdat of Greek debt
The Guardian
However, you certainly go to the other extreme of BlueDeMaine's mythology about northern workers, etc. when you write that the eurozone's debt crisis is Germany's ploy to enslave the people of Europe having failed to do that under Hitler's tyranny. ...
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The Guardian
Is Christine Lagarde Right for the IMF?
BusinessWeek
The previous week, global markets had plunged on fears that Greece's sovereign debt crisis could spread to other euro zone countries, exposing already weakened banks to possible defaults. With Asian trading set to open in a few hours, the ministers ...
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BusinessWeek
Business Bullet: the euro, Fuller's beer and Clinton's next job
Telegraph.co.uk
Robert Miller with the main City and business news as Europe's markets worry about the Eurozone debt crisis and stand-off over the second bailout for Greece; pub owner and brewer of London Pride beer Fuller Smith & Turner reports 10pc rise in annual ...
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MARKET WATCH: Oil prices continue climbing; gas price tumbles
Oil & Gas Journal
He pointed out, “The euro-zone debt crisis is a crisis over debt and fiscal policies, rather than a currency crisis. Therefore, euro-zone debt won't necessarily drag down the value of the euro.” Zhang reiterated, “The health of the global economy ...
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EU and US Worried About Each Other's Debt
The Epoch Times
Washington meanwhile, is equally worried about the EU debt crisis, particularly the prospect of Greece defaulting and having a massive impact on the whole eurozone. Currently, the EU and IMF are trying to come up with a plan to restructure Greece's ...
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European Stocks Reeling After Another Rough Week
RTT News
Also, a resolution to the Greek debt crisis is weeks away despite pledges from Athens to cut costs and hasten privatization. Germany is insisting that the private sector assume some of the Greek debt risk, but the European Central Bank is warning a ...
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EU sets up anti-hacker team
Times of India
... one of which saw 30 million euros' worth of carbon credits stolen. The 10-strong team of IT security experts will guard against repeats of attacks on sensitive information, for example on theeurozone debt crisis, such as occurred on the eve of the ...
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Russia will not abandon bi-currency basket says Medvedev
RIA Novosti
Europe is suffering a severe sovereign debt crisis, with Portugal, Ireland and Greece having applied for financial aid from the EU and the International Monetary Fund. Analysts say the debt crisisthreatens to spread to core euro zone countries and the ...
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Lagarde in lead for IMF, South Africa's Manuel opts out
Baltimore Sun
Lagarde, an adept negotiator with hands-on experience of the euro zone's debt crisis, met African officials in Lisbon. The African Union, whose representatives Lagarde met on Friday, has said it wants to see a non-European in the job but emerging ...
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Greek cabinet OKs new austerity measures
Xinhua
ATHENS, June 10 (Xinhua) -- The Greek cabinet adopted Thursday a new package of austerity measures and privatization program in a renewed bid to overcome the debt crisis. The package, known as the "mid-term fiscal strategy plan for the period 2011-2015 ...
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Where Private Borrowing Led to Public Debt
New York Times
One of the lessons of the financial crisis and its aftermath is that excessive private sector debtended up being converted to public sector debt, through bailouts of financial institutions, through government spending to help sectors of the economy ...
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[Viewpoint] A specious argument over the IMF
JoongAng Daily
The recession spread to Europe with a vengeance, igniting the astonishing euro crisis. The world assumed the eurozone had some mechanism to discipline its common currency; clearly, bondholders thought so. Yet now we see a continuing and stunning lack ...
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ECB VP Constancio floats idea of private bank fund
Expatica Germany
Constancio said that "there are many forms of private sector involvement" in possible eurozone crisis resolution plans but declined to advance any ideas by the ECB. "That should be the concern and preparation of the governments and treasuries that are ...
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There Will Be Blood in Europe (Courtesy of the ECB)
Taipan Publishing Group
Stepping back a bit: What is so frightening right now, not just in Europe but China and America and Japan too, is the presence of fraud-fueled "Lehman 2.0" catalysts threatening to explode. One could say that the 2008 financial crisis was the mother of ...
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Key US Dollar Libor Falls To Lowest On Record
Wall Street Journal
"There is a flood of liquidity in the system but at the same time there is uncertainty over the fate of the US economy and the debt crisis in the euro zone," said Marc Ostwald, a fixed income strategist at Monument Securities. ...
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Yesterday our strategy was to go long the S&P 500
FXstreet.com
Alternative Scenario A further deterioration of the Euro-zone periphery outlook will push T-Notes to new highs for 2011. Review Oil took a back seat yesterday as focus was firmly on the ECB press conference and the Greek crisis. ...
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FXstreet.com
Gold holds near $1540/oz as debt crisis simmers
Khaleej Times
LONDON - Gold prices retreated a touch on Friday, under pressure from a firmer dollar, but concerns over the euro zone debt crisis kept prices firmly underpinned as they boosted the metal's haven appeal. Spot gold was bid at $1540.11 an ounce at 1137 ...
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Beginning of a Bear Market for Stock Index Futures?
Inside Futures
President Obama urged euro zone countries and holders of the sovereign debt of Greece to prevent a "disastrous" default by Greece. He also promised that the US would help alleviate the country'sdebt crisis. There is the growing belief that the ...
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EU Is Expected to Nod to Progress Toward Croatia Membership
Wall Street Journal
While Croatia hopes EU membership will bring economic and financial benefits, its accession would also be a rare good news story for the EU, which is battling to deal with the euro-zone debt crisisand weak economic growth in many member states. ...
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The French have it again...
Jewish Chronicle
But an odd confluence of events - the priapic behaviour of former managing director Dominique Strauss-Kahn, the on-going crisis in the euro zone and the struggle over who will succeed DSK (as he is known) - at the Fund have moved it to centre stage. ...
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Will Greece Make It?
Project Syndicate
The Asian financial crisis and the Brazilian devaluation in early 1999 left the Argentinean peso looking decidedly overvalued. Doubts about Argentina's ability to service its external debt multiplied, confidence collapsed, and before too long, ...
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European stocks drop on Greek debt crisis
Ninemsn
Europe's stock markets headed south in midday trade on Friday as the European Union said it was studying a possible Greek debt "rescheduling". Prior to the announcement, markets had been mostly rising as investors digested weak British manufacturing ...
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Greek ministers approve new austerity
Sydney Morning Herald
The Finance Ministry said the measures would bring the national debt down to 139.5 per cent of GDP by 2015, as opposed to a suffocating projected 198.9 per cent if no measures were taken. In addition to the recession, the crisis has led to significant ...
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Bears return as growth worries linger
Financial Times
Nor are they keen on the debilitating effect of the tortuous eurozone sovereign debt crisis. The Greek government has approved a four-year austerity package, but the spat continues over what form any Athens debt restructuring should take. The euro is ...
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Financial Times
Why Hans Werner Sinn is Missing the Target
Journal of Turkish Weekly
We are doubtful whether these steps will cure the European government debt crisis. It is very likely that, given these steps, the problems will persist and may even grow further. At some point in the near future policymakers in the Eurozone will have ...
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Currency Outlook: Dollar and Yen
Inside Futures
The dollar and the euro have an inverse relationship, and debt problems in the eurozone have inspired bounces in the dollar. If there are continued bad reports and news from Europe, the euro is likely to see more accelerated selloffs and the dollar ...
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Germany sticks to demand for Greek bond swap
Reuters UK
French President Nicolas Sarkozy will hold talks with Merkel on the euro zone crisisnext Friday in Berlin in what could be a decisive meeting between Europe's central powers a week before the EU summit. Schaeuble acknowledged the ECB was opposed to ...
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Reuters UK
Random Shots - Down, Up or Sideways?
Citizen Economists (blog)
Everyone can understand why politicians, of all people, should not give way to short term panic and whims of the market but we are way past the point of no return and we need a credible long term solution to not only Greece but indeed the debt overhang ...
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Citizen Economists (blog)
Gold flat on week, Euro debt "showdown...still bullish for gold ...
By CBN
Grant adds that the ECB is “factually insolvent” as a result both of buying bonds from weakerEurozone countries and accepting them as collateral against loans. “It looks like there's really no way out” of the Eurozone debt crisis, ...
China business news
Sterling and Euro Fall on Economic Concerns – Gold Rises to Record ...
By Daniel
http://www.bloomberg.com/news/2011-06-09/gold-may-gain-on-growth-outlook-europe-s-debt-survey-shows.html “Continuing jitters in markets regarding the euro-zone debt crisis and economic growth concerns globally should see gold continue ...
InvestmentWatch
Going, Going, Gone: Last Call For The Euro? « The ICD Interns Voice
By giuseppecolucci
by John O'Leary (CD-News Team Program Coordinator). A year since Greece began its draconian austerity program under European Union and International Monetary Fund, Greece received a €110 billion bailout to save it from bankruptcy, however the country's deeply ... Tags: Greek debt crisis, austerity measures, International Monetary Fund, Jean Claude Trichet, Dominique Strauss-Kahn,euro-zone, Irish debt crisis, Angela Merkel, European Central Bank, European Commission ...
The ICD Interns Voice
NewsDaily: South Africa's Manuel opts out of IMF contest
By Catherine Bremer
Against that backdrop, I have decided not to avail myself," Manuel, a respected former finance minister, told a news conference. He said it would be "most unfortunate if we end up with a European who is bound by the EU." ... Lagarde, an adept negotiator with hands-on experience in the euro zone's debt crisis, is seen as the clear favorite despite a legal investigation into her role in a 2008 arbitration payout that will hang over her candidacy. ...
NewsDaily: Top Headlines
The Honor of the Nation Was At Stake - Haaretz Daily
By haaretz
Unfortunately, even if the debt crisis is contained, it will be the citizens of Greece – along with their banks, businesses, and national spirit – who will suffer as a result of years of budget profligacy and lack of taxpayer compliance. ... Northern Europe is a success story. The central banking aspects of the euro and its durability as a currency increased in our view. We do not foresee the eurozonedismembering or the European Central Bank failing. ...
Haaretz Daily
FACTBOX-Coming events in euro zone debt crisis - TrustLaw
LATEST NEWS: Kenya's chief public prosecutor accused of bribery ... FACTBOX- Coming events ineuro zone debt crisis. 09 Jun 2011 15:19 ... meeting of euro zone finance ministers and Ecofin meeting of EU finance ministers in Luxembourg. ...
www.trust.org/.../factbox-coming-events-in-euro-zone-debt-cr...
Obama urges tough decisions on Greek debt crisis | Reuters
A quick-fix on the day's news published with Reuters videos and ... Greece's high debt level "means that other countries in the euro zone are going to ... Obama and Merkel said they discussed the Greek debt crisis extensively ... Greece agreed a 110 billion euro ($160 billion) rescue with the EUand IMF a year ago. ...
www.reuters.com/.../us-eurozone-usa-idUSTRE75647720110...
Debt crisis deepens in Europe wary of strong protectionism in ...
5 copies Since the debt crisis on the Europe news everywhere, which are mostly negative news. Although the latest data showed the euro zone in the first ...
www.finance-ol.com/.../debt-crisis-deepens-in-europe-wary-of...
Obama urges tough decisions on Greek debt crisis - 1330 WHBL ...
Obama, appearing at a joint news conference with German Chancellor Angela ... Greece's high debt level "means that other countries in the euro zone are ... Obama and Merkel said they discussed the Greek debt crisis extensively during the ... A team from the IMF, EU and European Central Bank reached an agreement on ...
whbl.com/.../obama-says-europes-debt-crisis-must-be-containe...
Obama presses Europe, pledges help for Greek crisis: Thomson ...
Find news for: ... Obama presses Europe, pledges help for Greek crisis ... and ballooning U.S.debt, has pinpointed the euro zone crisis as one foreign ...
money.msn.com/business-news/article.aspx?feed=OBR...
Eurozone consumers keep shopping despite debt crisis
Home · World Economy · World Economy News Eurozone consumers keep shopping despite. ...Eurozone consumers keep shopping despite debt crisis · PDF, Print, E-mail ... Among theeurozone's biggest economies, Germany reported 0.6% monthly ...
www.hellenicshippingnews.com/index.php?...
Trichet: More E.U. Economic Powers Next Step in Crisis | www ...
Home - Bullfax.com - Market News, Analysis ... in special measures to tackle eurozone debtpressures."There is no crisis for the euro as a currency. ...
www.bullfax.com/?q=node-trichet-more-eu-economic...
Amid debt crisis and slowdown, euro may still rise - International ...
Amid debt crisis and slowdown, euro may still rise. Latest News in Investing ... the euro, which despite no solution in sight for the euro zone's debt crisis may find .... FX Insights; Auto Journal. Entertainment Daily; Equities Center ...
africa.ibtimes.com/.../amid-debt-crisis-and-slowdown-euro-ma...Ways to resolve debt crisis in Greece: Voice of Russia
This time we'll be looking into the debt crisis in Greece. ... So it is maybe unlikely that the IMF andEU member states will withhold the next kind ... According to the Athens News, it doesn't look like the financial situation .... Definitely, the access to the Euro zone allowed Greece to access capital markets . ...
english.ruvr.ru/radio_broadcast/25298789/51139286.htmlCurrent Events: Few options for Europe's indignant youth
Vision Insights and New Horizons ... News From Reuters. reuters logo ... pacts rather than denounce spending cuts arising from the euro zone debt crisis. ...
trendlines.org/visionmedia/article.aspx?id=45131Obama says European debt crisis must not harm global recovery ...
Greece, EU/IMF agree 6.4b euro measures [06-03-2011]. Moody's downgrades Greece on higher debt risks [06-02-2011]. There is no eurozone debt crisis: OECD ...
en.ce.cn/subject/financialcrisis/.../t20110608_22466771.shtmlThe US Dollar tough was quiet through European trade
Why is it that so many TV news reporters are forced to stand outside in the cold to deliver their reports? ... surrounding the Eurozone debt crisis and the effect that will have on global growth. ...Download Full Daily Currency Insight . Email Share ... Tags: indicator, usd, eur, us, eurozone, germany, factoryorder ...
www.fxstreet.com/fundamental/market-view/daily.../08/ECB expected to signal - Business Newswires : euronews : the ...
Breaking News. Dominique Strauss-Kahn pleads not guilty to sexual assault charges ... amounts of cash to help weaker lenders hit by the euro zone debt crisis. ... signal an interest rate hike,” IHSGlobal Insight economist Howard Archer said. ... Europe · Middle East · streaming live · Your questions on disasters ...
www.euronews.net/.../959209-ecb-expected-to-signal-july-rate...
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