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Oct 7, 2011

EUROZONE Crisis News, Oct 07, 2011

Morning Briefing: Euro-Zone Crisis to Drive Central Europe
Wall Street Journal (blog)
By Marcin Sobczyk Central European data will likely be overshadowed by the euro-zone debt crisis and the ongoing debate in Slovakia over the government support for theeuro rescue in particular. Parties within Slovakia's governing coalition are in an ...
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Germany, France split on bank aid before summit
Reuters
US President Barack Obama implored European leaders on Thursday to come up with a plan before a Group of 20 major economies summit in Cannes, France, on November 3-4, saying the euro zone crisis was the biggest cloud over the US economy. ...
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Reuters
Sen Shelby: Not Clear Financial Stability Panel Anticipated Euro-Zone Crisis
Wall Street Journal
"The report doesn't provide much evidence that the council was ahead of the euro-zone crisis," said Shelby, saying it doesn't even mention countries like Spain and Italy that have become engulfed in the sovereign debt turmoil. ...
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Containing the Eurozone Crisis
Council on Foreign Relations
How is the eurozone situation affecting other regions of the world, specifically the developing economies of Asia and Latin America? Theeuro crisis is manifesting itself in the emerging markets through this incredible uncertainty about the outlook. ...
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Council on Foreign Relations
EU CRISIS ROAD MAP: Key Milestones Ahead
Wall Street Journal
LONDON (Dow Jones)--Key developments on Europe's crisis horizon include a pending decision on the disbursement of further aid to Greece, a changeover at the helm of theEuropean Central Bank and a key European Union and euro-zone summit Oct. 17-18...
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Euro zone crisis adds to risk for real estate investors
Property Wire
Real estate investors in the euro zone should be demanding higher risk premiums to reflect the probability that individual countries will exit the currency bloc due to the sovereign debt crisis, even though a widespread break up is unlikely, ...
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Property Wire
Outcome of Euro Zone Crisis Still Impossible to Predict
CNBC.com (blog)
Despite the significant cerebral power of those in attendance, even if one adheres to a likely scenario of events, the outcome of the euro zone debtcrisis is still impossible to predict. As one gloomy participant summed it up: "We are talking about ...
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CNBC.com (blog)
FOREX-Euro holds gains post EU action, US jobs in focus
Reuters
By Cecile Lefort SYDNEY, Oct 7 (Reuters) - The euro held gains in Asia on Friday, having rallied for a third session overnight when the European Central Bank (ECB) took steps to contain the euro zone crisis, with markets now focussed on key US jobs ...
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Special Report: In France, far right capitalizes on euro crisis
Reuters
Where Le Pen asserts that disaster is already here in the form of the euro zone crisis, he replies that people have no idea what a calamity it would be if the euro were to disappear. "The very people to whom this is presented as a solution are the ones ...
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Reuters
Business and the euro crisis
The Economist
Unfortunately the effect of the euro crisis on the global economy is now becoming a drag on robust growth elsewhere. Leading indicators such as purchasing managers' indices suggest that the euro zone's manufacturing sector is contracting at an ...
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IMF frets over hit to emerging markets from euro crisis
Reuters
By Lidia Kelly and Andrey Ostroukh MOSCOW, Oct 7 (Reuters) - The International Monetary Fund is worried that contagion from the euro zone debt crisis could hit eastern Europe hard, and the region should take strong action to shield itself, ...
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France, Germany Divided on How to Bolster Euro Banks
Fox Business
US President Barack Obama implored European leaders on Thursday to come up with a plan before a Group of 20 major economies summit in Cannes, France, on November 3-4, saying the euro zone crisis was the biggest cloud over the US economy. ...
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Business blog live: Moody's cuts Lloyds and RBS credit ratings
The Guardian (blog)
That said the banking downgrades demonstrate that the longer theEurozone crisis is allowed the feaster, the greater the potential for widespread damage to confidence. We maintain our forecast thatEUR/GBP will wind its way towards 0.8500 on a 3 month ...
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The Guardian (blog)
Qatar Hldg: Euro-Zone Debt Crisis Fallout May Be "Severe" For Banks
Wall Street Journal
By Alex Delmar-Morgan DOHA (Zawya Dow Jones)--Qatar Holding, which invests on behalf of the Arab Gulf state's sovereign wealth fund, warned Thursday that the fallout from the euro-zone debt crisis may be potentially "severe" for European banks, ...
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EM stocks feel the chill from crisis in west
Financial Times
That compares with a 9 per cent drop in the US S&P 500 index and a 17 per cent decline in leading European stocks. Even though the latest incarnation of the global financial crisis is centred in the eurozone, the impact on equities is concentrated in ...
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EU to Reduce Farming Subsidies
Wall Street Journal (blog)
By Caroline Henshaw The wrangling of euro zone leaders over how to deal with the region's debt crisis has had global financial markets on tenterhooks for months. But it won't be until next week that Brussels starts to tackle Europe's biggest bill: ...
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TREASURIES-Bonds sag as Europe acts to curb debt crisis
Reuters
By Richard Leong NEW YORK, Oct 6 (Reuters) - The US Treasuries market slumped on Thursday as the European Central Bank took steps to contain the euro zone debtcrisis by pumping cash into the banking system, reducing the safe-haven bids for bonds....
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Bank recaps won't solve crisis: SocGen CEO
Sun-Sentinel
PARIS (Reuters) - A recapitalization of European banks is not needed and would not solve the main crisis of confidence in the euro zone's ability to manage its sovereign debts, the chief executive of Societe Generale told Reuters Insider TV on Friday. ...
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How to Escape Basel III Doom Loop
Wall Street Journal
Faced with the prospect of multiple sovereign defaults, the euro zone is now scrambling to agree vast rescue packages costing taxpayers many multiples of what they would have paid simply to have bailed out Greece. But even as the euro-zone crisis ...
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Easing Fears Hurts Treasurys
Wall Street Journal
By MIN ZENG Treasurys again lost ground on Thursday, as easing fears about a US recession and budding hopes for a solution to the euro zone's debt crisis lured investors into stocks and commodities. The three-day losing streak put a dent in the nearly ...
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Aviva Happy With Exposure to Euro Zone Debt: CEO
CNBC.com
Insurer Aviva is happy with the exposure it has to indebted euro zone member states and is confident that European leaders will find solutions to the de debt crisis, Aviva CEO Andrew Moss told CNBC Friday. Aviva "Of course, we have large life ...
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Indian shares rebound 2.8 pct; Reliance, banks lead
Reuters
... and Devidutta Tripathy MUMBAI/NEW DELHI, Oct 7 (Reuters) - Indian shares rose 2.8 percent on Friday after a four-day slide, as euro zone plans to shore up struggling banks eased concerns about Europe's debt crisis and helped revive risk appetite. ...
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The euro crisis viewed from Holland
FT.com (blog)
There is so much focus on whether Germany will “do the right thing” on the euro-crisisthat it is easy to forget that there are other big creditor nations in the euro-zone whose actions also matter a lot. Take the Netherlands: yesterday the Dutch ...
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German industry hits brakes as crisis bites
RTE.ie
German industry went into reverse in August, official data showed today, as indications grew that the euro zone debt crisis is beginning to affect the continent's biggest economy. Industrial production contracted by 1% compared to the previous month, ...
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BOJ sees recovery risks from Europe, global slowdown
Reuters
Worries that Europe's debt woes may escalate into a global banking crisis have roiled global markets. On Thursday, the Bank of England launched a second round of quantitative easing. Central bank governor Mervyn King said the euro zone crisis was ...
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Indian rupee up as euro zone worries ease
Reuters India
MUMBAI Oct 7 (Reuters) - The Indian rupee rose on Friday as steps announced by euro zone policy makers to limit any spill over of the region's debt crisis into the banking system improved risk appetite and pushed euro, shares higher. ...
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Words Louder Than Actions For Swiss Franc
Wall Street Journal
6, the Swiss National Bank said it would buy unlimited amounts of foreign currency to restrain the franc, which had climbed against the euro over the previous nine months as investors became spooked by the euro-zone crisis and sought a safe-haven ...
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Wall Street Journal
JGB futures slip on Europe steps; quiet before US data
Reuters
By Akiko Takeda TOKYO, Oct 7 (Reuters) - Japanese government bond futures slipped on Friday after the European Central Bank took steps to contain the euro zone debtcrisis by pumping cash into the banking system, reducing safe-haven bids for bonds and...
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RPT-UPDATE 9-Oil gains 3 pct on ECB bank move, US data
Reuters
[ID:nL5E7L6311] The news helped ease concern about the euro zone crisis, which has weighed heavily on oil and equity markets over the past two months. Global equities and major commodities such as copper, which posted its biggest one-day gain since ...
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Seoul shares gain 2.6 pct on Europe optimism
Reuters
By Jungyoun Park SEOUL, Oct 7 (Reuters) - Seoul shares advanced on Friday as euro zone plans to support European banks eased concerns about the region's debt crisis, with heavyweight Samsung Electronics leading the charge after forecast-beating third ...
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'European Central Bank puts last nails in its coffin' — RT
By RT
Go to main page News 'European Central Bank puts last nails in its coffin'. MORE ON THE STORY. Germany, Frankfurt am Main: The ... 'Save the euro' mission divides politicians and people. With Berlin now guaranteeing loans to Greece totaling 211 billioneuros, the gap between what the population wants and what the politicians are doing has increased dramatically. Eurozone crisis · German Chancellor Angela Merkel (R) shakes hands with Economy Minister Philipp Roesler ( L ...
News RSS : Today
Cameron vows to keep Britain in EU despite eurozone debt crisis ...
By XinhuaNET.COM
Siam Daily News Online Thailand newspaper online in english from foreign countries and World. Thai News · Thailand · European · World Travel · World ... Calls for a re-examination of Britain's relationship with the EU, which it joined after a referendum on the issue in 1975, have increased as the euro zone faces crisis over the sovereign debt of its member nations and European political leaders struggling to produce a solution. In an interview with BBC television, Cameron expressed ...
Siam Daily News Online
NewsDaily: Special Report: In France, far right capitalizes on euro ...
By Geert De Clercq
NewsDaily: Your best source for breaking news ..... Where Le Pen asserts that disaster is already here in the form of the euro zone crisis, he replies that people have no idea what a calamity it would be if the euro were to disappear. "The very ...
NewsDaily: Top Headlines
In France, far right capitalizes on euro crisis | The Raw Story
By Reuters
In France, far right capitalizes on euro crisis ... AMNEVILLE, France (Reuters)- Amneville, a town in the Moselle region of northeastern France, does not look like a fault-line in the euro zone. The smell of grilled chicken wafts over the marketplace on a recent Saturday morning, the CD ... The media shied away from Jean-Marie's rants, but Marine has been on the front page of every magazine and newspaper and is a regular on prime-time TV. She already ranks third in polls for the ...
The Raw Story
EU works on bank capital, Geithner sees crisis risk @ Forex Factory
By FF News
European Union moves to shore up ailing banks moved into higher gear on Thursday and U.S. Treasury Secretary Timothy Geithner warned that the euro zone's sovereign debtcrisis posed "significant risk" to global economic recovery. ...
Forex Factory
Sen Shelby: Not Clear Financial Stability Panel Anticipated Euro ...
"The report doesn't provide much evidence that the council was ahead of the euro-zone crisis," said Shelby, saying it doesn't even mention countries like ...
online.wsj.com/article/BT-CO-20111006-708016.html
'European Central Bank should bailout EU states directly' — RT
There should be drastic changes in how and by whom the EU's economic problems are dealt with, economy experts told RT.
rt.com/news/eu-economy-crisis-solution-829/
IMF: Euro-Zone Crisis Effects Spreading; Recession Can't Be Ruled Out
BRUSSELS (DOW JONES)--The effects of the euro-zone debt crisis are spreading to the core countries, banks and investors, and another economic recession ...
online.wsj.com/article/BT-CO-20111005-703058.html
France's AAA Rating Is A Fragile Linchpin In Euro Zone Crisis Plan
BT) and a sudden downgrade of Italy's sovereign debt rating have shined a spotlight on a major risk to the euro zone's effort to avert financial disaster: ...
online.wsj.com/article/BT-CO-20111005-712619.html
UPDATE 1-Euro zone crisis is 'scaring the world' - Obama | Reuters
Related News. Euro zone struggles to stem crisis; Obama urges action. Mon, Sep 26 2011. Europe aims to beef up crisis fund, world urges action. Sat, Sep 24 ...
www.reuters.com/.../eurozone-obama-idUSS1E78P1BW2011...
Euro zone crisis adds to risk for real estate investors
Real estate investors in the euro zone should be demanding higher risk premiums to reflect the ... due to the sovereign debt crisis, even though a widespread break up is unlikely, according to analysts. ... Business News l Skip to Main Content ...
www.ibtimes.com/.../euro-zone-crisis-adds-to-risk-for-real-esta...
German MPs approve euro zone's crisis fund - World News - IBNLive
Germany's Parliament approved new powers for the euro zone's crisis fund on Thursday but it was not clear if Angela Merkel got enough votes from her coalition ...
ibnlive.in.com/news/german-mps-approve.../188687-2.html
Gold softens on hopes of Euro Zone crisis solution - NDTV Profit
Gold rates are headed downwards in major cities across India. The yellow metal, which proved to be a safe haven for investors in recent times, has lost sheen ...
profit.ndtv.com/.../gold-softens-on-hopes-of-euro-zone-crisis-...
Obama: Euro zone crisis is "scaring the world" - Yahoo! News
Watch the video 'Obama: Euro zone crisis is "scaring the world"' on Yahoo! News. world.
news.yahoo.com/.../obama-euro-zone-crisis-is-scaring-the-wor...
U.S. stock futures rise; euro-zone crisis in focus - Indications ...
... euro-zone officials will be able to bring the region's debt crisis under control. ... said, according to news reports Monday, citing Market News International. ...
www.marketwatch.com/.../us-stock-futures-rise-euro-zone-cris...
BBC News - Eurozone crisis: Experts debate options
Eurozone crisis: Experts debate options. A number of ... The next thing that needs to be looked at seriously is issuing eurobonds. .... Elsewhere on BBC News ...
www.bbc.co.uk/news/business-15088460
Bulgaria: Obama: Euro Zone Crisis Scaring the World - Novinite.com ...
US President Barack Obama has said the sovereign debt crisis in Europe is. ... Bulgaria: Obama: Euro Zone Crisis Scaring the World President Obama claims ... The editorial staff also publishes a daily online newspaper "Sofia Morning News. ...
www.novinite.com/view_news.php?id=132439
Dailymotion - Obama: Euro zone crisis is "scaring the world" - a ...
U.S. President Barack Obama says the financial crisis in Europe is "scaring ... home >news & politics > videos > obama: euro zone crisis is "scaring the world" ...
www.dailymotion.com/.../xlcank_obama-euro-zone-crisis-is-sc...
Juncker admits EU crisis response was too slow | euronews, world ...
world news - The blame game over Greece was played out on Tuesday at the EuropeanParliament as members questioned the head of the euro zone finance ...
www.euronews.net/.../juncker-admits-eu-crisis-response-was-t...
Eurozone's Looming Financial Crisis : NPR
For a long time, much of the world saw the eurozone sovereign debt crisis as Europe's problem. ... Although Britain does not use the euro, that nation's politicians are using ...STEVE INSKEEP, host: It's MORNING EDITION from NPR News. ...
www.npr.org/2011/09/27/.../eurozones-looming-financial-crisi...

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