FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jan 14, 2012

Greece's Debt Talks With Creditors Stall Amid Coupon Dispute BusinessWeek Private bondholders said they would accept those terms for a period of time if they were able to get a bigger payout later as Greece's economy recovered, said the person, who declined to be identified. The IMF probably sought a coupon close to 2 ... See all stories on this topic »

Madeira's Missing Yachts a Lesson on Europe Debt Crisis Bloomberg The local government spent money it didn't have to build the trappings of an economic boom that never was. Madeira's debt was 6.33 billion euros as of June 30, or 123 percent of the island'seconomy in 2009, according to the Ministry of Finance in ... See all stories on this topic » Bloomberg

Azarov: Cooperation with IMF expedient amid crisis Kyiv Post It is expedient for Ukraine to resume cooperation with the International Monetary Fund amid the unfolding global economic financial crisis, Ukrainian Prime Minister Mykola Azarov said. “Cooperation with the IMF during the crisis is expedient, ... See all stories on this topic »

France downgrade: AAA credit rating stripped away Daily Mail Those concerns led investors to demand astronomically high yields or interest rates to lend money to countries like Greece, Ireland and Portugal, eventually forcing those three to seek bailoutloans, rather than rely on market financing. ... See all stories on this topic » Daily Mail

Ireland at the end of the road Telegraph.co.uk By the time of the global financial crisis of 2008, Ireland's banks were awash with loans, mostly to property developers; the notorious 'world's worst' Anglo Irish Bank, which was later nationalised, alone held €72 billion of loans – half of Ireland's ... See all stories on this topic » Telegraph.co.uk

The End of Europe? Gold Seek And then the following year you have to make another 4% in cuts, plus the last shortfall, just to make your plan and get to the agreed-upon deficit, in order to get more loan money. It becomes a very vicious circle. And let's look at the endgame. ... See all stories on this topic » Gold Seek

Black Friday for euro crisis The Independent Before yesterday afternoon, optimism in financial markets about the future of the eurozone was rising. Italy, the most vulnerable economy, which must refinance €440bn of debts this year alone, managed to raise €5bn in the capital markets in loans at a ... See all stories on this topic »

the parties of 'austerity' are downgrading us all The Guardian The reason for the fall in yields is not because either the economicoutlook or fiscal position is improving. Interest rates have fallen because of the decision of the European Central Bank (ECB) to provide unlimited loans to Europe's beleaguered banks ... See all stories on this topic » The Guardian

Second bailout hangs on euro's stability -- NTMA Irish Independent The NTMA hopes to borrow some short-term money later this year, moving on to longer-term loans in 2013. "If we do go in, it will be billions rather than millions we are talking about," Mr Corrigan said. But sentiment may have to improve further before ... See all stories on this topic »

E-Mini S&P 500: Downbeat day complete! Inside Futures It was the first in three quarters report of more income generated from credit card and card loan business. Chief Executive Jamie Dimon, sees the credit card loan business as a positive sign for the economy in that it may add to more jobs. ... See all stories on this topic »

What Recovery? Right Side News We estimated years ago that the financial crisis would cost the powers-that-be some US$100 trillion to fight. Such numbers sound impossible, illusory. But add up all the money poured into the system by different central banks around the world and we ... See all stories on this topic »

The Weekly Gold Digger! Inside Futures The ECB had issued about a half a trillion euros in cheap loans to banks in the hope of having the money reinvested in some of the debt instruments. Yesterday, it looked as though the money had not been hoarded and was applied, but today gives us ... See all stories on this topic »

Strong Debt Sale in Italy Does Little to Lift Spirits New York Times The cost of financing Spanish and Italian debt has been in the spotlight since last year, when contagion from the euro crisis that led Greece, Portugal and Ireland to seek bailouts began to spread. Though Italy's government deficit is actually much ... See all stories on this topic »

French, European credit ratings slashed as Greek debt talks collapse World Socialist Web Site S&P warned of a continuing economic crisis, citing: “(1) tightening credit conditions, (2) an increase in risk premiums for a widening group of euro zone issuers, (3) a simultaneous attempt to deliver by governments and households, (4) weakening ... See all stories on this topic »

BUSINESS IN BRIEF 14/1 VietNamNet Bridge In the face of economic crisis, authorities of the EU, the US and many others countries in the world will tighten their belts, raise tariffs, and reduce public expenses, among other actions. In addition, the unemployment rate in the world will ... See all stories on this topic »

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