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Oct 15, 2011

EUROZONE Crisis News, Oct 15, 2011

G-20 Finance Officials See Signs Of Progress On Euro-Zone Crisis Response
Wall Street Journal
G-20 officials from countries outside the euro zone had come into a two day meeting here urging and sometimes pleading with the currency area's policy makers to come up with a decisive and comprehensive plan to resolve the crisis, which threatens to ...
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Why is the euro stronger than the pound?
The Guardian
A strong euro and a eurozone in crisis are not a paradox at all. Alongside its many institutional weaknesses, the apparently strong eurois a major cause of its crisis, and maybe even ultimately of its demise. Lastly, to the extent that people are ...
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The Guardian
MONEY WEEK AHEAD: Euro-Zone Hopes A Headache For Some Bond Players
Wall Street Journal
By Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Optimism about authorities containing the euro-zone credit crisis is lifting investors' moods across financial markets, but it's also giving Treasurys traders and US monetary policymakers a...
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Emerging-Market Currencies, Debt Gain On Euro-Zone Hopes, US Data
Wall Street Journal
Investors have high hopes for further positive developments on the euro zone crisisduring the Group of 20's summit of financial leaders this weekend, with some officials saying they are considering a boost to the International Monetary Fund's lending ...
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Euro-Zone Crisis Worsens With Banks Participation
NASDAQ
AMSTERDAM -- Discussions to have banks participate in bailing out troubled euro-zonecountries has worsened the crisis in the currency bloc and has made Europe a less attractive region for investors, European Central Bank executive board member Juergen...
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US, German Leaders Hold Phone Talks about Euro Zone Crisis
CRIENGLISH.com
US President Barack Obama and German Chancellor Angela Merkel on Friday held phone talks about the debt crisis in the euro zone. The White House called their phone talks "ongoing consultations " on the evolving financial situation in the euro zone, ...
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Canadian Bond Prices Slip On Strong Data, Euro-Zone Optimism
Wall Street Journal
By Satish Sarangarajan Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--Canadian government bond prices fell Friday, pressured by better than expected economic data as optimism over a solution to the euro-zone crisis led investors to buy into riskier assets ...
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Exclusive: Saudi cenbanker says Europe sees gravity of crisis
Reuters
PARIS (Reuters) - Saudi central bank governor Muhammad Al-Jasser said on Saturday the euro zone's debt crisis had become the number one short-term challenge for the world economy yet he felt the bloc's leaders were determined to find a way out. ...
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Emerging states could intervene in eurozone crisis if necessary: S.African FM
Xinhua
"The resources of the European Financial Stability Fund (EFSF) and the International Monetary Fund would be inadequate if the contagion (of the crisis in the euro area) continued," Gordhan was quoted by Les Echos, a local economic paper, as saying. ...
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EU Seeks Higher Bank Capital, Greek Payout in Crisis Fight
San Francisco Chronicle
Barroso sought to put the commission, the EU's executive arm, at the center of rescue operations marked so far by discord between Germany, France, smaller euro-zonegovernments and the independent central bank. The latest country to make the crisis ...
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Seeking Value In Europe's Debt Crisis
Wall Street Journal
Investment-grade corporate bonds remained largely insulated from theeuro-zone crisis until the summer. Only when the crisis spread to Spain and Italy, posing a systemic threat, did yields start to rise: Corporate bonds now yield on average 3.42 ...
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Wall Street Journal
London to track eurozone news next week
Ninemsn
In recent weeks and months, world financial markets have been slammed by concerns over spreading contagion from the eurozone crisis that has already resulted in multibillion-euro bailouts for Ireland, Greece and Portugal. ...
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Schaeuble Says G-20 Is 'Pleased' With European Crisis Efforts
BusinessWeek
“Our colleagues were pleased that we Europeans, representatives of the euro zone, have kept our word because it was very important of course to enact by this meeting in all member states' parliaments the decisions about strengthening the EFSF that were ...
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IMF calls for pan-European deposit insurance
Baltimore Sun
Global markets have been rocked in recent weeks by fears the euro zone sovereign debt crisis could cause a pan-European banking crisis, prompting some Europeanleaders to call for the joint recapitalization of the continent's largest banks. ...
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Bank crisis catches bond funds out
The Economic Voice
Bonds are traditionally seen as an investment for the more cautious, but the Euro-zonedebt crisis has shown that this is not always the case. According to a Citywire report some funds have lost between 2% and 6% of investors money after taking on what ...
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Oil gains 3 percent on Europe hopes, US sales data
Reuters
France and Germany reaffirmed their commitment to a recent deal between their two leaders to combat the euro zone crisis, lending support to oil prices earlier. The expiring Brent November crude contract rose $3.57 to settle at $114.68 a barrel, ...
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Reuters
Oil prices soar on hopes of resolution to euro crisis
Taipei Times
World oil prices surged this week, in line with a host of other commodities, as sentiment was boosted by hopes of a swift resolution to the long-running sovereign debt crisis in the eurozone. “The oil markets gained ground this week partly due to ...
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G-20 considers boosting IMF role in eurozone
KATU
The US and others have long argued that the eurozone has more than enough money to spend its way out of the crisis. Even Germany - which pressed for the IMF to be included in the eurozone's crisis management in May 2010, when Greece became the first ...
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Euro area officials show commitment to contain debt crisis, BoE ready to add ...
FXstreet.com
Last week, there were some hopes that European officials are very serious and are looking forward to introducing a decisive and comprehensive plan to contain the debtcrisis, boosting European shares and the European common currency. Last week, EU...
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Gold gains $40 during week as US dollar dips
Proactive Investors UK
However, the bank said that gold will continue to be supported by concerns over the euro zone debt crisis and physical demand from Asian jewellers as well as European Banks. Other precious metals were headed in the same direction as gold this week with ...
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Proactive Investors UK
WORLD FOREX:Yen Falls Vs Dollar On Japan's Plans To Stem Strength
Wall Street Journal
In the meantime, the euro was boosted to its four week high versus the greenback as hopes grow over progress in resolving the euro zone crisis with ongoing meetings on the issue. The Japanese measures could include an increase in funds for encouraging ...
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More to Slovakia than sheep and castles
Washington Post
Saying fermented sheep's milk and medieval castles are the main things the country is known for would be appropriate on a travel site blog but not in discussing such a serious topic as the euro-zone crisis. The stubborn refusal of the Freedom and ...
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ECB's Stark - PSI makes Europe look a risky investment
Reuters
Stark pressed governments to show more leadership by explaining the euro zone crisisto their citizens to win support for policy response measures. "European politicians follow the public opinion, instead of leading it. ...
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US Ducks Recession Over Summer But Euro Crisis Continues To Threaten
Huffington Post
"The euro zone debt crisis is still playing out. That remains a dark cloud on the horizon that can present a direct hit to the US economic recovery," said Anthony Karydakis chief economist at Commerzbank in New York. Although European leaders sound ...
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Rating cut puts Spain back on crisis radar
Pakistan Daily Times
MADRID: Standard & Poor's cut Spain's credit rating on Friday, sending the euro briefly lower and underlining the challenges facing Europe's major powers as they meet G20 counterparts over the euro-zone debt crisis. S&P, whose move mirrored that by ...
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US STOCKS-Wall St heads for 2nd week of gains on data
Reuters
Increased optimism that a solution to the euro zone crisis would be found added to the positive mood. The benchmark S&P index is up 13 percent from the Oct. 4th intraday low of 1074.77, which had temporarily tipped it into bear market territory. ...
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Is Steve Jobs crowing in Heaven over RIM's week from hell?
Globe and Mail
"Chinese officials have given little sign they are worried that the euro zone crisis will hurt China's economy, preferring instead to keep their focus on tackling inflation," Mark Williams, the chief China economist at Capital Economics, ...
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Gold posts biggest gain in 6 weeks on Europe hopes
Reuters
Optimism over plans to tackle the debilitating euro zone debt crisis, as well as strong US retail sales and corporate earnings, helped prompt the traditionally safe-haven metal to move in tandem with equities. "The correlation between gold and risk ...
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Reuters
U.S. rejects plan to strengthen IMF in euro zone crisis ... - Rocket News
By Editor - Business News
PARIS (Reuters) – Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis ran into.
Rocket News
U.S., German leaders hold phone talks about Eurozone 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 · Links · Archives · Sitemap ... Both Obama and Cameron have expressed their dissatisfaction and anxiety in recent weeks about euro zone's handling of the debt crisis, especially actions taken by the two pillars of euro zone — Berlin and Paris. Obama said that the euro zone debt troubles are “scaring the world” and becoming the ...
Siam Daily News Online
Euro Zone Debt Crisis: G20 Maintains Pressure On Euro Zone Over ...
"We have heard from euro zone colleagues the action they are working on but I think they will have left Paris under no misunderstanding that there is a huge amount of pressure on them to deliver a solution to the crisis," British finance minister George Osborne told reporters. "(The crisis) remains the epicenter of the world's current ..."Governments should honor their obligations," he told Dutch newspaper NRC Handelsblad. "This makes Europe look like a very risky region to invest in." ...
CNBC Top News and Analysis
Euro zone crisis set to dominate G20 Paris meeting | Saudi In Focus
By admin
News and Articles. How Saudi Arabia and Qatar Became Friends Again; Analysis - Saudi policy on Yemen and Syria seen floundering; Can Bahrain's government sue the Independent for libel? Uncomfortable Ottomans; Democratic change in Bahrain does not serve ... PARIS: G20 finance chiefs and central bank heads from the world's biggest economies meet in Paris on Friday needing to find a solution to a deepening euro zonedebt crisis that has fanned fears of a global recession. ...
Saudi In Focus
G20 Paris Summit to be Dominated by Euro Zone Crisis
... Regulations · Options · Tech Notes · Thought Pieces · Blogs. You are here: Home /News / Financial News / G20 Paris Summit to be Dominated by Euro Zone Crisis ...Eurozone Summit G20. Italy and Spain bailouts will be the ESEFs biggest challenge, over Greece, Portugal or Ireland. Intent to resolve the crisis, officials attending the G20 summit in Paris on October 23 will have the euro zone crisis as their highlight. It will include Spain's credit rating downgrade from S&P due to high ...
EquityJungle - v0.1
G20 tells euro zone to fix debt crisis within weeks (Reuters) | Wall ...
By Yahoo! News: Business - European Economy
... by Yahoo! News: Business - European Economy ... Reuters - The world's leading economies pressed Europe Saturday to act boldly within eight days to resolve the euro zone's sovereign debt crisis which is weighing on the world economy. ...
Wall Street Financial News
Euro zone crisis set to dominate G20 meeting in Paris | DailyFT - Be ...
By harsha
Reuters: G20 finance chiefs and central bank heads meet in Paris on Friday urgently needing to find a convincing solution to a deepening euro zone debt crisis that has fanned fears of a global slide into recession. A source at the French finance ministry — which is ... The G20 may refer to the euro crisis in its communique and in closing newsconferences on Saturday evening, but little else of substance is likely to be inked in. This week's talks may give the green light to regulators for ...
DailyFT - Be Empowered
XE.com - HIGHLIGHTS-Paris G20 finance chiefs closing remarks
G20 finance ministers and central bank governors put strong pressure on euro zoneleaders at a two-day meeting in Paris to come up with a convincing solution to the bloc's debt crisis and avert the risk of a fresh global recession. ... a convincing solution to the bloc's debt crisis and avert the risk of a fresh global recession. Following are key quotes from closing news conferences on Saturday by G20 chair France and other delegations: CANADIAN FINANCE MINISTER JIM FLAHERTY ...
XE Forex News
U.S. rejects plan to strengthen IMF in euro zone crisis (Reuters ...
By marketmaker
Reuters - European countries must act decisively to resolve the euro zone debt crisis or risk having some member states forced out of the single currency, China's topnewspaper said in a front page commentary on Saturday. Euro zone closer ...
Bullfax.com - Market News & Analysis
U.S. rejects plan to strengthen IMF in euro zone crisis - Yahoo! News
Read 'U.S. rejects plan to strengthen IMF in euro zone crisis' on Yahoo! News. PARIS (Reuters) - Proposals to double the size of the IMF as part of a broader ...
news.yahoo.com/euro-zone-crisis-set-dominate-g20-paris-mee...
U.S. rejects plan to strengthen IMF in euro zone crisis | Top News ...
PARIS (Reuters) - Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis ran into resistance from the United ...
ca.reuters.com/article/topNews/idCATRE79C74G20111014
Euro zone crisis set to dominate G20 Paris meeting - Business ...
PARIS — G20 finance chiefs and central bank heads from the world's biggest economies meet in Paris on Friday needing to find a solution to a deepening euro ...
www.gmanews.tv/.../euro-zone-crisis-set-to-dominate-g20-pari...
Three-Prong Approach to Euro-Zone Crisis
It was, he said, precisely because the euro zone's past "solutions" to the crisis had been used only as a last resort that they had proved ineffective, ...
online.wsj.com/.../SB10001424052970204002304576629080...
Euro crisis spreads and puts the world economy at risk | World news ...
But with every passing day, the markets' expectations about the eurozone's ability to fix the crisis rise by another notch, and the price of failure increases. Few in ...
www.guardian.co.uk/world/.../g20-finance-ministers-euro-crisi...
The Hindu : Business News : Asian stocks down as euro-zone crisis ...
The move sent markets south as worries intensified that a failure by Europe to contain its debt crisis could lead to a massive debt default by the Greek ...
www.thehindu.com/business/article2530512.ece
BBC News - Eurozone crisis: Merkel and Sarkozy 'agree key changes'
The leaders discussed how best to resolve the eurozone debt crisis ... Paris is believed to want to use the eurozone's bailout fund - the European Financial ...
www.bbc.co.uk/news/world-europe-15226953
Euro zone crisis set to dominate G20 Paris meeting - Huffington Post
A communique and round of closing news conferences are expected around 11 ... It could aid euro zone countries hit by the current crisis of confidence in the ...
www.huffingtonpost.com/.../euro-zone-crisis-set-to-d_n_1010...
G20 divisions over IMF's role in euro zone crisis | euronews, world ...
world news - Should the IMF be strengthened to fight Europe's debt crisis? At a G20 meeting in Paris, most of the leading emerging market countries, known as ...
www.euronews.net/.../g20-divisions-over-imf-s-role-in-euro-z...
At Center of Eurozone Crisis, One Woman and the Fight of Her Life
Because Germany is the keystone in the European arch at present -- how it responds to the growing eurozone financial crisis will determine much of the ...
www.theatlantic.com/international/archive/.../246478/
euro zone crisis News Stories, Latest News Headlines on Economic ...
Find the latest headlines, top news stories for euro zone crisis Read News stories about, euro zone crisis euro zone crisis latest news headlines, euro zone crisis ...
economictimes.indiatimes.com/searchresult.cms?query...
Merkel,Sarkozy promise to solve euro zone crisis
Sarkozy said he agreed with Merkel on working for a “durable” and “global solution” to theeuro zone debt crisis. There will be more meetings, including the ...
www.firstpost.com/.../merkelsarkozy-promise-to-solve-euro-z...
John Major: We can use eurozone debt crisis to grab powers back ...
His intervention piles further pressure on David Cameron to use the crisis in theeurozone to demand powers back from the European Union. The former premier ...
www.dailymail.co.uk/.../John-Major-We-use-eurozone-debt-cr.

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