Today: IRELAND, Portugal, Spain, Italy, Greece News, Jan 31, 2012

Jan 31, 2012

IRELAND, Portugal, Spain, Italy, Greece News, Jan 31, 2012


Intesa brings Italian banks back to capital markets
Financial Times
The sale comes after months during which banks in peripheral eurozone countries have struggled to raise funds in the public funding markets, with many investors shunning deals in Greece, Italy, Spain, Portugal andIreland as the cost of borrowing for ...
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Spanish Economy Contracts in Q4
DailyForex.com
One method of boosting the economies of Spain, Portugal, Italy and, of course, Greece would be for the governments to draw in foreign money by boosting the tourism trade: solidarity sunshine, anyone? Sadly, Irelandwouldn't benefit from the sunshine ...
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Greece fears weigh on Portugal
The Australian
Other euro nations that have been linked to such contagion fears -- such asItaly and Spain -- were comparatively insulated, in a large part due to inexpensive cash pumped into the financial system from the European Central Bank.
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A glance at the various rates of unemployment across the 17-nation eurozone
Washington Post
Here's how the countries compare: Spain 22.9 percent Greece 19.2 percent Cyprus 14.8 percent Ireland 14.5 percent Portugal 13.6 percent Slovakia 13.4 percent Estonia 11.3 percent France 9.9 percent Italy 8.9 percent Slovenia 8.2 percent Finland 7.6 ...
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The Crisis that Won't End
The Indypendent
But of course, the crisis isn't contained to Greece or other small economies like Portugal or Ireland. Spain, Italy and even France are under pressure because of their own mounting government debt and the higher interest rates they must pay.
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The Indypendent
DUE DILIGENCE: Is The Sun Finally Rising Over Emerging Markets?
Registered Rep.
That's higher than government debt ratios in Greece, Spain, Italy orIreland. Brett Gallagher, MBA, of Artio Global Management, a registered investment adviser, pointed this out during his talk on emerging market development, market implications and ...
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Finance Ministry Develops Comparative Rating Index of Sovereigns (CRIS);
Press Information Bureau (press release)
This was especially evident in the cases of Greece, Ireland, Italy, Portugaland Spain. Dramatic falls of this type across the 2007 to 2011 period includePortugal's fall from 23 rd to 74 th position with an index erosion of almost 15%, Ireland's ...
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Italy's Jobless Rate Rose to Highest Since 2004 in December
BusinessWeek
The premier says spurring the economy will help Italy tame its 1.9 trillion-euro ($2.5 trillion) debt and withstand the fallout from the region's sovereign crisis that led Greece, Portugal and Ireland to seek bailouts. Italian 10-year borrowing costs, ...
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A Look At The Capital Strength Of The 20 Largest Banks In America
Business Insider
DealBook's Peter Eavis reports that five of the biggest US banks, including JPMorgan Chase and Goldman Sachs, have more than $80 billion exposure to the riskiest European sovereigns — Greece, Ireland, Italy, Portugal and Spain.
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Business Insider
EU targets unemployment amid crisis
CNN
Barroso Tuesday sent letters to the leaders of countries with high unemployment levels -- Greece, Ireland, Italy, Latvia, Lithuania, Portugal, Slovakia and Spain -- detailing the commission's road-map for combating the problem.
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Euro-Area Debt Sales Top $43 Billion This Week as Fitch Cuts
BusinessWeek
Belgium sells as much as 3 billion euros of bills tomorrow, with Spain,Portugal, Germany and France issuing 13 different maturities in the five days. While Italian and Spanish 10-year yields have fallen more than 1 percentage point from November highs ...
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Euro Set for Long-Term Decline - Kudrin
RIA Novosti
Greece, Ireland and Portugal have the largest debt problems, while Spainand Italy may enter the high-risk zone in the near future. The former minister also said that world economy growth in 2012 would be lower than the expected 3.3 percent owing to ...
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Reading List: European super highway of debt
MindfulMoney
These infographics show how much banks lent to Portugal, Ireland, Italy,Greece and Spain (PIIGS). Europe is in a deep crisis, and this shows how much must be repaid. Demonocracy Brad DeLong compares Neville Chamberlain's dependence on fiscal stimulus ...
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US banks have $80 billion exposure to EU debt crisis
AMERICAblog (blog)
NY Times: Five large American banks, including JPMorgan Chase and Goldman Sachs, have more than $80 billion of exposure to Italy, Spain,Portugal, Ireland and Greece, the most economically stressed nations in the euro currency zone, according to a New ...
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Portuguese debt looms over Europe
Financial Times
By Tony Barber in London Greece, in its desperate struggle to avoid default, is unique. Europe's policymakers defend this argument until they are blue in the face. But Portugal's economic slump and grim battle to repay its debts are threatening to ...
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A look at eurozone unemployment rates
The Associated Press
Here's how the countries compare: Spain 22.9 percent Greece 19.2 percent Cyprus 14.8 percent Ireland 14.5 percent Portugal 13.6 percent Slovakia 13.4 percent Estonia 11.3 percent France 9.9 percent Italy 8.9 percent Slovenia 8.2 percent Finland 7.6 ...
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As EU crisis summit opens: 23 million unemployed across continent
World Socialist Web Site
According to a New York Times report Sunday, “Five large American banks, including JPMorgan Chase and Goldman Sachs, have more than $80 billion of exposure to Italy, Spain, Portugal, Ireland and Greece, the most economically stressed nations in the ...
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All That Is Needed Is a Spark
Equities.com
Its members include: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands,Portugal, Slovakia, Slovenia, and Spain. While the goal of single currency originated with the European Economic ...
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German Unemployment Fell More Than Forecast in January: Economy
BusinessWeek
At 22.9 percent, Spain reported the highest jobless rate, while in Greece, the rate was at 19.2 percent in October, according to latest available data.Italy's unemployment rate climbed to the highest in eight years in December as austerity measures ...
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The Fed's Transparency Trap
Seeking Alpha
So today we look at the “shift” in Fed policy, and at the balance sheets of central banks, US GDP, Portugal and the ECB, the LTRO policy, and yes, there's even a tidbit on Greece. Plenty of ground to cover, so with no “but first,” let's get started.
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Global Markets Overview - 31 January 2012
NASDAQ
Stocks pared losses in afternoon trading Monday but remained in the red as investors focused on the standoff between Greece and its private creditors, as well as a surge in Portugal's borrowing costs. The Dow Jones Industrial Average was down 20 points ...
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Why stocks are vulnerable to a correction
Financial Post
Spanish and Italian yields, however, have dipped well below 7%, while Irish yields have declined to the critical 7% level. This suggests the European debt crisis may be contained to Greeceand Portugal as they have relatively small levels of debt at ...
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Financial Post
20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression (VGK ...
ETF Daily News (blog)
If you want to see where nations such as Portugal, Italy(NYSEArca:EWI) and Spain are headed, just take a look atGreece. Greece has been going down this road for several years, and there is still no light at the end of the tunnel for them.
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ETF Daily News (blog)
Axioma's Quarterly Risk Review Sees Receding Likelihood of a "Risk Shock" as ...
MarketWatch (press release)
Eurobloc markets, especially the so-called PIIGS (Portugal, Ireland, Italy,Greece and Spain), led the pack in predicted risk, in both local and USD terms. Japan and Australia (in local currencies) had the lowest risk, joined by non-Eurobloc ...
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Italy 'optimistic' bailout fund to grow in size: Monti
Zee News
The ESM was set up to replace the European Financial Stability Fund (EFSF) which bailed out Portugal and Ireland and aims to guard against the debt problems of the likes of Greeceseeping into bigger countries. Unlike the EFSF, the ESM will have 80 ...
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Zee News
Don't fall for Wall St. if there's good news from Greece
CBS News
Even if Greece by some miracle comes to terms with its creditors, there are still the economies of Spain, Ireland, Italy and Portugal to contend with before Europe is out of the woods and we can all breathe a bit easier. Watch the volume of the markets ...
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Ben Chu: This was not the crisis summit... the worst is yet to come
The Independent
But any good that such funds does will be swamped by the contractionary economic forces that Germany is still unleashing across Greece, Portugal,Spain, Italy and Ireland. It remains to be seen whether the fiscal pact will result in the Irish ...
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EU leaders to activate new bailout fund in July
Europolitics.info
However, observers are still sceptical that the fund will be able to ward off speculation about Italy and Spain. “The inability to tackle a problem the size of Greece after two years of efforts inspires little confidence in the ability of the EU to ...
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The solution is good governance | Edward Scicluna
MaltaToday
When comparing ourselves with troubled countries such as Greece, Italy,Spain, Portugal and Ireland, in spite of their problems they still have more productive people supporting the population. We should see our target growth in this regards.
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Fiorillo: A Personal Immigration Story
Patch.com
Fr. William J. Bausch My father is half working-class Irish, half aristocraticItalian, and wholly second generation American. The family story that has survived from my Nana is that her father (or was it her father's father?) ...
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Enda Brady meets Ireland captain Robbie Keane
Irish Post
Too long. "It's obviously a tough group we have got, Enda," the Irelandcaptain told me on the day he completed his loan move to Aston Villa. "We are in there with the world champions, Spain. They are the best team in the world. Italy?
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Spanair Collapse Puts Europe's 'Zombie' Airlines on Alert
BusinessWeek
State investors in Stockholm-based SAS AB, Aer Lingus Group Plc ofIreland, Portugal's TAP and the flag carriers of Poland, Hungary and the Czech Republic have all signaled plans to reduce direct support and seek new investors. “Governments don't have ...
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The Most Lipstick on the Biggest Pigs Ever!
Jutia Group
And don't forget the PIIGS in Europe: Everyone knows that the sovereign debt disasters in Europe have spread to all five of the PIIGS countries — Portugal, Ireland, Italy, Greece, andSpain. Everyone knows that France, Belgium, and even Germany are ...
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Jutia Group
Commerzbank CEO Says Greece Should Exit Eurozone | ZeroHedge
By Tyler Durden
...got some euros? "The 11 digit serial number on every note begins with a prefix which identifies which country issued it. German notes begin with an X, Greek notes start with a Y, Spain's have a V, France a U, Ireland T,Portugal M and Italy S. Belgium is Z, Cyprus G, Luxembourg 1, Malta F, Netherlands P, Austria N, Slovenia H, Slovakia E and Finland L." http://www.thisismoney.co.uk/money/news/article-1693427/How-to-find-out-... Login or register to post comments. Mon, 01/30/2012 ...
ZeroHedge
Commentary: Europe's Problem Is the Euro | The National Interest
By Milton Ezrati
Now, in the face of all today's financial pressure, it is easy to criticize spendthrift GreeceIrelandPortugalSpain and Italy and characterize the austerity they face as just deserts for their past spending and borrowing sprees. But at the same ...
The National Interest
US Politics | AMERICAblog News: US banks have $80 billion ...
By Chris in Paris
Five large American banks, including JPMorgan Chase and Goldman Sachs, have more than $80 billion of exposure to ItalySpainPortugalIreland andGreece, the most economically stressed nations in the euro currency zone, according to ...
US Politics | AMERICAblog News
US Banks Tally Their Exposure to Europe's Debt Maelstrom
Banks are disclosing more of their exposure to Greece, Italy, Ireland,Portugal and Spain. After a hurricane, homeowners check nervously to see if their ...
dealbook.nytimes.com/.../u-s-banks-tally-their-exposure-to-eu...
Weaker euro helps Spain and Italy, not Germany
The relationship is strongest for Spain and bailout recipient Ireland, followed by Greece, Portugal and Italy. France too has a strongly negative ...
www.reuters.com/.../uk-eurozone-exports-idUSTRE80Q13J20...
Investors cue up Portugal as the next Greece
While borrowing costs have fallen for debt-ridden Spain and Italy as well as... Unlike Portugal and Greece, Ireland has moved to surplus on its current...
www.reuters.com/.../us-eurozone-portugal-idUSTRE80Q0PJ2...
The Talking Clock: Dear Greece (and Ireland, Portugal, Spain and ...
Dear Greece (and Ireland, Portugal, Spain and Italy)... perhaps you might read the ... In a timely piece of breaking news to accompany this post, it has just been ...
talking-clock.blogspot.com/.../dear-greece-and-ireland-portug...
Relief in Spain, tension in Greece for euro zone - Business - World ...
Ireland passed the latest review of its European Union-International Monetary ... in 2012, according to draft document reported by the Italian news agency ANSA.
www.msnbc.msn.com/.../relief-spain-tension-greece-euro-zone...
Investors cue up Portugal as the next Greece - Yahoo! UK & Ireland ...
Read 'Investors cue up Portugal as the next Greece' on Yahoo! ... debt-ridden Spain and Italy as well as bailed-out Ireland (Xetra: A0Q8L3 - news) on the back of ...
uk.finance.yahoo.com/.../investors-cue-portugal-next-greece-1...
Portugal headed to Greece not Ireland - Irish News - Market News ...
While borrowing costs have fallen for debt-ridden Spain and Italy as well as bailed-out ... Unlike Portugal and Greece, Ireland has moved to surplus on its current ...
corporatebanking.bankofireland.com/.../portugal-headed-to-gr...
Fitch Downgrades Cyprus, Italy, Spain, Ireland, Belgium, Slovenia ...
Greece.GreekReporter.com Latest News from Greece Greek News on ...was applied to Belgium, Italy, Slovenia and Spain, but not to Cyprus andIreland, where ... in this review along with 'AAA'-rated France and 'BB+'-rated Portugal) primarily ...
greece.greekreporter.com/.../fitch-downgrades-cyprus-italy-sp...
Is Portugal the next Greece? - Pretoria News | IOL.co.za
While borrowing costs have fallen for debt-ridden Spain and Italy as well as... So unlike Portugal and Greece, Ireland has moved to a surplus on its current ...
www.pretorianews.co.za/is-portugal-the-next-greece-1.1221955
  
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