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Oct 16, 2011

EUROZONE Crisis News, Oct 16, 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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G20 tells euro zone to fix debt crisis in eight days
Reuters
By Catherine Bremer and Jan Strupczewski PARIS (Reuters) - The world's leading economies pressed Europe on Saturday to act decisively within eight days to resolve the euro zone's sovereign debt crisis which is endangering the world economy. ...
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Geithner backs eurozone bailout
STLtoday.com
Geithner was 'supportive" of the eurozone crisis resolution strategy that the European Commission presented Wednesday, the source said. The five-point plan hinges on bank recapitalizations, further debt relief for Greece, bolstering euro bailout ...
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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 euro is 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
US Encouraged By EU's New Comprehensive Debt Plan
Wall Street Journal
By Ian Talley Of DOW JONES NEWSWIRES PARIS (Dow Jones)--US Treasury Secretary Timothy Geithner said Saturday he is reassured by a new euro-zone debt crisis plan finance officials are crafting to insure government bonds and recapitalize its weak banking ...
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A new approach for Europe to break the cycle of bailouts
The National
Euro Zone The National charts Europe's struggles as it attempts to through of financial crisis. Learn more This, by itself, will not be enough to draw a line under the euro zone's crisis. Greece will also have to downsize its public sector, ...
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The National
Debt crisis is No.1 challenge for world economy: Al-Jasser
Arab News
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. "Not only Saudi Arabia but members of the G20 are...
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Arab News
Papandreou calls for 'decisive' EU action on crisis
MSN Philippines News
Greek Prime Minister Georges Papandreou called on the European Union to resolve the debt crisisbuffeting Greece and the eurozone "collectively and decisively" in an interview Sunday in the Proto Thema weekly. "The hour has come to act collectively and ...
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TAKE-A-LOOK-G20 keep up pressure on euro zone to act
Reuters Africa
The world's leading economies pressed Europe on Saturday to act boldly within eight days to resolve the euro zone's sovereign debt crisis which is weighing on the world economy. Double click on codes in brackets to read stories. ...
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EU summit crucial to solving crisis
shropshirestar.com
The eurozone has set up a European financial stability facility (EFSF) worth 440 billion euro(£384bn). But many economists believe a fund of around two trillion euro (£1.75 trillion) will be needed fully to reassure anxious investors that banks would ...
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IMF calls for pan-European deposit insurance
Economic Times
Global markets have been rocked in recent weeks by fears the euro zone sovereign debt crisiscould cause a pan-European banking crisis, prompting some European leaders to call for the joint recapitalisation of the continent's largest banks. ...
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Solving the euro crisis will severely hit our economy
Irish Independent
Last week eurozone heads of state issued a clear statement of intent about solving the euro crisisby further integration. Temporary firefighting is no longer enough. On that everyone agrees. But to recapitalise Europe's banking system and prevent ...
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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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India Inc may cut overseas borrowing
Hindu Business Line
However, amid the sovereign debt crisis in euro zone economies, domestic companies are finding it difficult to raise money overseas. The risk of rupee depreciation and the lack of a natural hedge are other factors restricting corporates, ...
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11 Reasons The Coming Week Is Going To Be Big
Seeking Alpha
Here's a calendar of EU debt crisis related events for the coming week. The European Central Bank's Governing Council will meet in Brussels. While they're not likely to see any decisions, we could hear rumors about a rate cut in November or even ...
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G20 pushes euro zone to fix debt crisis
GlobalPost
(REMY DE LA MAUVINIERE/AFP/Getty Images) The Group of 20 finance ministers pushed Europe to act decisively within the next eight days to resolve the euro zone debt crisis, Reuters reports. The finance ministers and central bankers of the G20 said they ...
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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-zone debt crisishas 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 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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US Geithner: Encouraged By A New EU Comprehensive Debt Plan
Wall Street Journal
PARIS (Dow Jones)--US Treasury Secretary Timothy Geithner said Saturday he is encouraged by a new euro-zone debt crisis plan finance officials are crafting to insure government bonds and recapitalize its weak banking system, but he cautioned the plan's ...
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PRECIOUS METALS - European Opening View - Gold chips away at resistance
FXstreet.com
Leaders from non-euro countries highlighted the damaging effects the Eurozone debt crisis was having on their economies and underlined the urgent need for action; Japan's Finance Minister Jun Azumi warned "Europe needs to get its act together because ...
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Change EU treaty to stabilise bloc, says Trichet
Reuters
PARIS Oct 16 (Reuters) - European Central Bank President Jean-Claude Trichet said that theEuropean Union's treaty should be changed to prevent one member state from destabilising the rest of the bloc, and urged urged stronger euro zone governance. ...
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Will euro crisis sink your Asia fund?
Telegraph.co.uk
British investors have poured billions into Asian funds but the euro crisis is set to rock the boat. Will the Euro sink your Asia fund? Photo: HOWARD MCWILLIAM By Rosie Murray-West Is the euro typhoon heading for Asia? Figures from the Investment ...
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Telegraph.co.uk
Euro Zone Nearing A Deal To Bring ESM Forward To 2012 - Sources
Wall Street Journal
The European Stability Mechanism, the permanent successor to the Europan Financial Stability Facility, was scheduled to launch in 2013, but is now likely to be up and running next year. Ways of brining the euro zone's debt crisis to an end are the main ...
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Trading Week Outlook: October 17 - 21, 2011
Seeking Alpha
Without a doubt, the main event of the trading week, the EU Summit is when the markets around the world expect to see the promised “comprehensive strategy on the euro-area sovereign debt crisis”. The summit was postponed because EU leaders needed more ...
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Let's put the brakes on these financial crisis metaphors
The Guardian
And with signs already emerging that the slowdown in the eurozone is rattling the banking sector and depressing demand, Jean-Claude Trichet must be at the wheel of a thundering euro monster truck, tearing towards us. And George Osborne? ...
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The Guardian
Beyond Managing the Eurozone
IDN InDepthNews | Analysis That Matters
A culture of obligatory budgetary discipline must take shape in the euro countries. The pressure of the crisis has opened up many possibilities in this area which would have been inconceivable just a year ago. Fiscal discipline is not merely a German ...
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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 debt crisis, boosting Europeanshares and the European common currency. Last week, EU ...
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Oil prices rally on CHinese data, euro zone optimism
Proactive Investors UK
Oil prices rallied at the end of the week as the latest Chinese data raised expectations that the government will ease its monetary policy, while the outlook for the Europeandebt crisis brightened after all 17 members of the monetary union approved ...
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Proactive Investors UK
Gold posts biggest gain in 6 weeks
DAWN.com
Gold rose in lock-step with the S&P 500 for the week on hopes about progress to tackle the euro zone debt crisis, in spite of a downgrade to Spain's sovereign debt and a decision to grant Greece its agreed bailout money. - File photo NEW YORK: Gold ...
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DAWN.com
Forex - Weekly outlook: October 17-21
Forex Pros
In the week ahead, any signs that European Union leaders are making progress on steps to contain the debt crisis in the euro zone look likely to continue to support risk appetite. Meanwhile, the US is to publish a string of economic data, with reports ...
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Europeans join "Occupy Wall Street" amid threat of banking crisis
CNN
The slowdown raises troubling questions about the long-term outlook for the Euro Zone. A small crowd gathered in Stockholm to join the "Occupy" protests. About 400 demonstrators gathered at the central square in Stockholm then "moved on to the Bank of ...
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We're still waiting on €10bn EU/IMF cut to interest rate
Irish Independent
On Thursday, Slovakia became the last member state to ratify the expansion plans andEuropean leaders are to meet next week to advance further measures in order to solve the European debt crisis. Slovakia's parliament ratified a plan to bolster the ...
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Irish Independent
Greece: A Failed EU State
Daily Beast
Greece's two main unions said they would hold a two-day general strike next week against new austerity cuts by the government to address an unravelling debt crisis that has shaken theeurozone. The leading GSEE union that represents private sector ...
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The worst crisis ever? Then it's important to do the right thing
The Guardian
Trichet laments that the euro area is under attack even though its collective budget deficit is half that of the US and Japan. Wren-Lewis observes that "the lesson of 2010 is that the eurozone has design problems that could emerge even if all its ...
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The Guardian
We should be with Europe, but not of it... linked but not combined. We have ...
Daily Mail
Now, as a historic Commons vote on Europe approaches, a leading historian says the time is right for a new deal Every week, it seems, the eurozone leaders come up with another plan to solve their intractable sovereign debt crisis and every week, ...
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Daily Mail
US wheat futures rise; soya rally hits two-week high
Business Recorder (blog)
Chicago wheat futures rose on Friday amid hopes for a resolution of the euro-zone debt crisis but remained under pressure from US government forecasts of higher global and US supply, which sparked heavy losses earlier this week. ...
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Leaders understand 'Occupy Wall Street' (but not in their backyards)
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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Forex Technical and Fundamental Analysis for the Week of October 17, 2011
Business Insider
Investors were optimistic that European leaders will be able to craft a plan that will ease the deepening debt crisis in the euro zone region, which put negative pressure on lower yielding assets including the US dollar. The week is full of economic ...
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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 theeuro zone debt crisis and physical demand from Asian jewellers as well as EuropeanBanks. Other precious metals were headed in the same direction as gold this week with ...
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Proactive Investors UK
The global economic crisis: The product of today's buy now, pay later culture
Kurdish Globe
While the Eurozone and the euro have become a sacred icons of the European landscape, the idea of allowing Greece to exit the Eurozone or leaving it to default on its debts has become a red line. As a ?smaller? economy, bailing out Greece is not such a ...
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G20 tells euro zone to fix debt crisis within weeks | News | Financial ...
By Jan Strupczewski and David Milliken PARIS — The world's leading economies kept pressure firmly on Europe to sort out its debt crisis on Saturday with the sense of urgency to be reflected in a communique at the end of a G20 finance ...
FP Top Stories List
G20 tells euro zone to fix debt crisis in eight days | AAJ News
By Reuters
The world's leading economies pressed Europe on Saturday to act decisively within eight days to resolve the euro zone's sovereign debt crisis which is endangering the world economy. In unusually direct language, finance ministers and ...
AAJ News
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 Dutchnewspaper NRC Handelsblad. "This makes Europe look like a very risky region to invest in." ...
CNBC Top News and Analysis
World powers press Europe to fix crisis — RT
By RT
Go to main page News World powers press Europe to fix crisis. MORE ON ... The European Central Bank has called time on its role of “lender of last resort,” saying it has reached the limit of what it can do to help the EU deal with its debt crisis. ...
News RSS : Today
Frontier Post :: Business :: G20 tells euro zone to fix debt crisis within ...
By shimran
G20 tells euro zone to fix debt crisis within weeks. Posted on October 16, 2011. PARIS (Agencies): The world's leading economies kept pressure firmly on Europe to sort out its debt crisis on Saturday with the sense of urgency to be reflected in ...
Frontier Post
WRAPUP 8-G20 tells euro zone to fix debt crisis in eight days ...
By Reuters: US Dollar Report
G20 ministers pile pressure on Europe for debt solution.
Currencybiz.com
NewsDaily: IMF calls for pan-European deposit insurance
NewsDaily: Your best source for breaking news ... Global markets have been rocked in recent weeks by fears the euro zone sovereign debt crunch could cause a pan-European banking crisis, prompting some European leaders to call for the joint recapitalization of the largest banks. A common bankcrisis management system, a supra-national resolution regime and common deposit insurance rules would help significantly stabilize the banking system, said Ajai Chopra, the deputy ...
NewsDaily: Business Headlines
Euro zone crisis set to dominate G20 Paris meeting - Related news ...
Source: VOVNEWS - Euro zone crisis set to dominate G20 Paris meeting - Báo ĐCS English - - Related news - 10/15/2011 - BAOMOI.COM.
en.baomoi.com/Info/Euro-zone-crisis-set-to.../192777.epi
Phu Yen News - Euro zone crisis set to dominate G20 Paris meeting
G20 finance chiefs and central bank heads from the world's biggest economies met in Paris on October 14 to find a solution to a deepening euro zone debt crisis ...
phuyennews.vn/international/9905806005906360
Cameron urges 'big bazooka' to stem eurozone crisis - Telegraph.co ...
Cameron urging action in eurozoneBBC News'Time short' for eurozone, says ... Obama Speaks With Cameron, Sarkozy About Euro-Zone Debt Crisis ...
thunderfeeds.com/.../cameron-urges-big-bazooka-to-stem-eur...

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