Today: Sunday, September 11, 2011

Sep 11, 2011

IRELAND, Portugal, Spain, Italy, Greece News, Sep 11, 2011


Banks may need to raise capital on haircuts - Goldman
Reuters UK
However, banks in GreeceItalyIrelandPortugal, and Spain would struggle to raise capital, Goldman analysts wrote in a note to clients. "Here, capital would need to be provided by the sovereign (leading to partial or full nationalizations) or by ...
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Rants: 'Greecing' the skids
Gates-Chili Post
That is because they know that if Greece and the other Eurozone countries teetering on the brink of insolvency (Ireland, Portugal, Spain and Italy) go down and their loans cannot be repaid, their governments will come to the rescue. ...
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GREECE AND THE DOMINOS: Check Out CDS Spreads Across Europe
Business Insider
The markets appear to be telling us that if Greece goes then Portugal is next. And you can imagine where we go from there. Ireland, Italy and Spain are quickly moving up the list…. I did a very rare thing two weeks ago when I ignored a buy signal in ...
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Here's Why Greece Leaving The EU Could Cause Another Depression
Forbes
Perhaps we do need Greece, and the rest of the PIIGS (Portugal, Italy, Ireland, Spain, Greece) to leave the Eurozone, and create a North and South Euro. We have already seen Merkel lose key elections in Germany, and French President Nicolas Sarkozy is ...
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Financials Fall, JPMorgan Shares Hit 1-Year Low On Greece Default Worries
Forbes (blog)
In its 10Q filed earlier this month, JPM said its aggregate net exposure to Greece, Ireland, Italy,Portugal and Spain is $14 billion, or 11% of its tangible equity. Sovereign exposure represents 26% of that amount. The net exposure represents the ...
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Spain's Senate Votes To Approve Deficit Limit Reform
RTT News
The Spanish move comes as borrowing costs for Italy and Spain hit fresh euro-era peaks last month amidst fears about the possibility of the sovereign debt crisis in Greece, Ireland and Portugalspilling over to the two nations. ...
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Gold Up Amid Concerns Over European Debt Crisis
International Business Times
In the last 20 months that crisis has spread from Greece to Portugal to Ireland to Spain and now to Italy. Marisa Krystian | Sep 06, 2011 | 2min:27sec The price of gold rose this morning in Asia, Europe and in the US as investors lost faith in the ...
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Spain sinks Liechtenstein 6-0 to reach Euro 2012
The Hindu
Italy and Spain on Tuesday joined Germany at the 2012 Euro finals by winning their respective Euro qualifying matches. The defending champion Spain beat Lichtenstein 6-0, while Italy struggled before beating Slovenia 1-0. In Logrono, Alvaro Negredo and ...
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Italian, Spanish Senates Pass Unpopular Austerity Measures
Voice of America
The government is trying to trim its debts, cut its high borrowing costs and avoid the need for an international bailout like those already secured by Greece, Ireland and Portugal. In Spain, the Senate overwhelmingly passed a constitutional reform that ...
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Deutsche Bank Risk Seen Rising as Puts Appreciate Most in Europe: Options
Bloomberg
Deutsche Bank had net sovereign risks related to Portugal, Italy, Ireland, Greece and Spain of 3.67 billion euros ($5.1 billion) on June 30, the company said July 26. Net income will surge 139 percent to 5.53 billion euros in 2011, according to the ...
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ECB should cut in October, save Italy and Spain - Citi
Reuters UK
Buiter said that the ECB should also direct its financial firepower at shielding Italy and Spain from the debt contagion sweeping the euro zone periphery, while allowing smaller states Greece, Irelandand Portugal to restructure. "Spain and Italy ...
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A Gathering European Economic Storm
American Enterprise Institute
At the same time, Greece's tax revenue collections and privatization receipts are also falling well short of the IMF's targets. b. The Eurozone debt crisis has now spread fromGreece, Ireland and Portugal to Spain and Italy. In addition, French banks ...
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American Enterprise Institute
CDS: modern day weapons of mass destruction
Financial Times
They showed that the fiscal space of Greece, Ireland, Italy, Portugal and Spain in 2010 was high compared with other countries, so predicted CDS spreads were also higher. But actual CDS spreads were even higher than those predicted, by ratios ranging ...
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Time the good boys play hard ball
Irish Independent
If the ECB were to cease buying Italian bonds, in response to foot-dragging by Italy over budget reforms, the interest rates faced by Italy would rise steeply and force Italy out of the bond market, joining Greece, Ireland and Portugal in a bailout ...
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Spanish PM 'feared bail-out' in August
Financial Times
Greece, Ireland and Portugal have already been bailed-out by the European Union and the International Monetary Fund. The collapse of bond prices in early August raised fears that Italy and Spain – the third and fourth largest economies in the eurozone ...
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Financial Times
No direction in markets increases rand volatility
Business Day
The German constitutional court ruling that the Portugal, Ireland, Italy, Greece and Spain (PIIGS) bailouts are not illegal has provided global markets with a boost, but bourses continue to show little direction which has impacted the rand's volatility ...
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Politics In 60 Seconds
Business Insider
The FT reports: "Italy is the hinge of the eurozone. The 17-member bloc can survive a crisis engulfing Greece, Portugal, Ireland, and maybe even Spain. If Italy becomes infected, however, the eurozone has neither the financial nor the political ...
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Business Insider
Postcard from Portugal, one scrappy nation
Pittsburgh Post Gazette
It is hard not to compare Portugal's actions to the financial clown show under way in the United States. Probably the main point about Portugal is that, even though it is being classed with Greece,Ireland and maybe Italy and Spain in terms of its ...
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Germany on horns of dilemma
The Canberra Times
And if the likes of Greece, Ireland, Portugal, Spain and Italy cannot borrow on the financial markets, the single currency will inevitably break apart. We British, pickled as we are in euroscepticism, find it hard to believe that the German people ...
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Gold Fights Through Waves of Bad News to Close up
International Business Times
His departure underscored the perception that the continent's leaders simply can't agree on a way out of the sovereign debt crisis that started with Greece and now threatens Portugal, Ireland, Spain and Italy -- as well as all European banks holding...
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International Business Times
Trio book 2012 berths
Fifa.com
Italy, the Netherlands and reigning European champions Spain booked their places at UEFA EURO 2012 on Tuesday, and will appear in Poland and Ukraine next summer alongside Germany, who secured a slot on Friday. Elsewhere, unbeaten England defeated Wales ...
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Economic and debt crisis: possible consequences for Euro currency
«Market Leader» - news and previews making you rich.
The so-called PIIGS states (Portugal , Ireland, Italy, Greece and Spain ) are suffering most of all. PIIGS may well do the dirty on the entire eurozone. Will the common Euro currency withstand the pressure? Since the introduction of the common currency ...
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«Market Leader» - news and previews making you rich.
Research and Markets: Tea - Global
SunHerald.com
This package contains 60 tea market analyses from the following countries: Austria, Belgium, Bulgaria, Estonia, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Macedonia, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain ...
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Promoting EU in Turkey in times of crisis by Ali Yurttagül*
Today's Zaman
by Ali Yurttagül* It has become fashionable for the Turkish media to criticize the European Union by making references to the crisis affecting the geography includingIreland, Greece, as well as Portugal, Spain, Italy and even France. ...
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Today's Zaman
Euro 2012 qualifying preview: Perfect Dutch seek more points
Soccerway
On Tuesday, Russia host the Republic of Ireland, Macedonia take on Andorra at home and Slovakia welcome Armenia to Zilina. Italy can wrap up Group C with a win in Florence over second-placed Slovenia on Tuesday, while third-placed Serbia need a win at ...
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Soccerway
La Roja right on Germany's heels
Fifa.com
Serbia entertain Faroe Islands with the wind back in their sails following their 1-0 victory in NorthernIreland. Despite a tough run-in, at home to Italy and away to Slovenia, the Serbs have every chance of pipping their rivals to a play-off berth. ...
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Gold Price in U.S. Trading Breaks through $1900 Level
NASDAQ
In Europe, meanwhile, stocks plunged 3.3 percent and government bonds from the southern periphery of the continent dropped as investors worried about the sovereign debt crises of Greece,Spain, Portugal and Italy. Adding to their concerns were worries ...
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Moody's May Downgrade Top French Banks
Wall Street Journal
In addition to Greece, Portugal and Ireland are receiving rescue funding from euro-zone partners. The European Central Bank is also giving Spain and Italy a helping hand to borrow at affordable costs. "The impact of a downgrade cannot be positive," ...
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12 International Stocks Worth A Look
Seeking Alpha
Telefonica (TEF) doesn't get any help being based in Spain and being associated as one of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) countries in need of a bailout. However, the stock is trading at levels last seen during the mega-crisis of ...
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Brother, Can You Spare A Euro?
Ology
If Greece should default, or leave the monetary union, there are fears that a ripple effect could propel the rest of the financially unsound Euro Zone states, (Italy, Ireland,Portugal and Spain) could follow suit. Italy is also becoming financially ...
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Ology
Research and Markets: Semiconductors - Global
Business Wire (press release)
... Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Macedonia, Moldova, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, the United Kingdom, Armenia, Azerbaijan, ...
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Tucci78 Might could be that they're angling for a face-saving concession 9/5 ...
Strategy Page
Though we don't hear as much about the Turkish economy as we do about the PIIGS (Portugal,Italy, Ireland, Greece, and Spain), there should be no doubt that Ankara has been doing the same deficit-spending dance as has every other modern polity. ...
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Europe Is Closer Than It Will Admit To A U.S.-Style 'Operation Twist'
Seeking Alpha
In the course of its purchases of peripheral eurozone nation debt (Greece, followed by Ireland andPortugal, and now Spain and Italy) via its Securities Market Programme, the ECB always emphasized the sterilization of said purchases, unlike in the ...
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Asia stocks dragged down by selloff in Europe
The Associated Press
Worrisome US employment figures and the possible spread of Europe's sovereign debt crisis from small economies like Greece to major ones like Italy are stoking investor fears. Greece, Ireland and Portugal have already needed to be rescued with loans ...
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The Associated Press
G7 gathering aims to calm fears
Montreal Gazette
... Germany, Britain, France and Italy - another major challenge, according to a senior Canadian finance official, is to contain the debt contagion, which has already engulfed Greece, Ireland andPortugal and threatens to worsen in Italy and Spain. ...
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It Looks Like Everyone's Giving Up On Greece
By Joe Weisenthal
OF course if you like what is going on in GreeceSpainItalyIreland and Portugal go ahead and absolve them from their responsibilities now and forever. ... Then another bad news report and it will go back to @ 11000 again and repeat. ...
Money Game
Spread betting on gold and silver | Spread Betting Blog, Market ...
By admin
Spread Betting Blog, Market Analysis and News from WorldSpreads · Blog Home · About WorldSpreads · Biographies · Contact Us · Spread Betting with WorldSpreads · RSS · Twitter ...Hedge funds and others shorting and selling sovereign debt have been lining up the ducks and shooting them one by one, first Ireland Portugal and Greece, and now Spain and Italy. The EU must act more like a Union, and less like independent states. One course of action that would prove to the...
Spread Betting Blog, Market Analysis...
Greece Failing, Obama Pushes For Jobs | OnlineForexTrading.com
By Hiland Doolittle
The lack of cohesive action by the European Union could mean that Greece will officially default in the immediate future. The unsettling news drove equity markets plummeting as the DOW was down about 300 points by 1:00 p.m. On Friday, Greece interest rates were at the highest rates in history. The most probable action is that Greece will declare bankruptcy and reorganize. The reality is that this bankruptcy will spread to IrelandPortugalItaly and Spain. French and German banks ...
Online Forex Trading Blog
An alternative programme for Europe « Michael Roberts Blog
By michael roberts
The latest hot spot has been highlighted by the news that European Central Bank chief economist Juergen Stark has resigned. Stark has done this because he ... The Eurozone governments had set up an emergency fund called the European Financial Stability Facility (EFSF) to 'bail out' Greece,Ireland and Portugal so they did not need to borrow money from bond markets. But over the summer, the same problem began to arise for Italy and Spain. Europe's leaders have dithered ...
Michael Roberts Blog
FogBelter: If Greece defaults this weekend, and Ireland, Spain ...
“If Greece defaults this weekend, and Ireland, Spain, Portugal, and Italy decide to follow, we are looking at something much more significant than a Global ...
www.huffingtonpost.com/.../paul-krugman-50-percent-chance...

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