Today: IRELAND, Portugal, Spain, Italy, Greece News, May 15, 2012

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May 15, 2012

IRELAND, Portugal, Spain, Italy, Greece News, May 15, 2012

Treasury Yields Dip Toward Historic Lows On Greece
Wall Street Journal
Tuesday, government bonds from Spain, Italy, Portugal and Ireland suffered broad selloffs, with the 10-year yields in both Italian and Spanish government bonds trading above 6%--a level, if sustained, that casts doubt on the nations' ability to tap the ...
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EURO GOVT-Greek turmoil hoists Spanish, Italian yields
Reuters
... high levels which pushed Ireland and Portugal to seek international aid. Markets have already begun to price in the risk of a break-up of the euro zone with fears that chaos in Greece will drag down larger countries such as Spainand Italy.
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Lincoln Center's answer to Greece
Crain's New York Business (blog)
Meanwhile, in Greece stocks plumbed 20-year loans. Will Greece default and be forced out of the euro? Will Spain, Italy, Portugal, Ireland and who knows who else be sucked into the vortex of fear? Or will European leaders ease up on austerity and try ...
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What will happen if Greece leaves the Euro?
CBS News
The highest risk nations -- Spain, Italy, Portugal and Ireland -- are already seeing their borrowing costs increase. If Greece does repudiate its debt, investors will become even more skittish and demand more money to lend to these nations.
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CBS News
As European austerity ends, so could the euro
gulfnews.com
The euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary. A government job centre in Malaga, Spain.Spain's jobless rate fell by 0.14 per cent in April from a month ...
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gulfnews.com
No Drachma: When Will Greece Leave the Euro?
The Atlantic
Depositors in Ireland, Portugal, Spain and Italy would pull their money out of local banks and move it to "safe" countries like Germany. The logic is simple: If countries can leave the euro zone, then not all euros are created equal.
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The Atlantic
Eurozone avoids recession as Germany powers ahead
BusinessWeek
Of the euro's 17 members, seven are in recession: Ireland, Greece, Spain,Italy, Cyprus, the Netherlands, Portugal and Slovenia. Though Eurostat revealed that the eurozone posted flat output in the first quarter -- against expectations that it might ...
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Stocks Drop as Greeks Fail to Form a Government
CNBC.com
Among the 17 countries in recession [cnbc explains] : Ireland, Greece, Spain,Italy, Cyprus, the Netherlands, Portugal, and Slovenia. 2) Dollar rally gets historic: The US dollar index 3) Small pop in futures as the Consumer Price Index (CPI) was ...
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Doomsday scenario for the eurozone?
CNN (blog)
... the club,” he told Italy's Tg24 TV last week. In the corridors of the European Union's headquarters, the fear now is not only that Greece could be forced out, but that the resultant chaos would spread quickly to Portugal, Ireland, Spainand beyond, ...
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Greece fails to form new government, calls new elections
Washington Post
Underscoring rising fears of a messy breakup of the region's currency union, the euro fell on Tuesday while worried investors were again driving the borrowing costs precariously high for far larger Italy and Spain. If Greece were to exit the euro, ...
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Contagion risks deepen as new Greek elections called
CNNMoney
If that happens, it could lead to expensive bailouts for the major economies ofSpain and Italy, or perhaps other exits from the eurozone by smaller at-risk members like Portugal. "Until a government is in place, Greece cannot uphold its obligations ...
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Eurozone avoids recession in Q1, thanks to Germany
USA TODAY
Of the euro's 17 members, seven are in recession: Ireland,Greece, Spain, Italy, Cyprus, the Netherlands, Portugal and Slovenia. Though Eurostat, the EU's statistics office, revealed that the eurozone posted flat output in the first quarter — against ...
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USA TODAY
US welcomes growth debate in Europe
Reuters
Greece, Ireland, Spain, Italy and Portugal - countries at the heart of the European debt crisis - have taken tough austerity measures to slash budget deficits in the hope of regaining market confidence and lowering borrowing costs.
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Contagion Fears Hit Markets
Wall Street Journal
By CHARLES FORELLE LONDON—Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged that country closer to an exit from the ...
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Wall Street Journal
Euro zone lacks engine for growth
Globe and Mail
The latest data on first-quarter GDP growth shows that the euro area economy has now trifurcated into a slow-growth core (Germany and Finland, plus Estonia and Slovakia), a Titanic-like periphery (Italy, Spain, Greece, Cyprus, Portugal and the ...
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Globe and Mail
The #1 Question That Greeks Will Be Asking In The Next Elections
Business Insider
While this very well could require stronger efforts to ensure that countries like Italy, Spain, Ireland, and Portugal do not follow inGreece's footsteps, the diminutive size of the Greek economy suggests that Europe is not bluffing.
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Business Insider
Will there be another election in Greece? And what happens if the country...
National Post
Of course, if that happens other countries facing difficulties —Ireland, Portugal, Spain, and Italy — might reach a similar conclusion and demand similar concessions. But isn't time running out? Yes. Analysts estimate Greece has about €2-billion in ...
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National Post
Stephen Kinsella: Our future now hinges on Spain's reaction to crisis
Irish Independent
While everyone worried about Ireland, Greece, Portugal, and to some extent, Italy, the real problems in the eurozone have been the balance sheets of the very large banks within the core countries of France, Germany, and Spain. Spain's banking system is ...
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Irish Independent
Oil Falls to Five-Month Low on New Greek Election
BusinessWeek
The European sovereign debt crisis that began in Greece and then moved toIreland, Portugal, Italy and Spain has reduced economic growth and fuel consumption. An Energy Department report tomorrow will probably show that US crude-oil stockpiles advanced ...
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As European austerity ends, so could the euro
Daily Herald
The euro currency is a malady that condemns at least a generation of Greeks,Italians, Spaniards, Portuguese and Irish to the economic infirmary. In these nations, unemployment rates are now at their highest levels in recent decades, and there are few ...
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Germany Helps Euro Zone Avoid Recession
TIME
Of the euro's 17 members, seven are in recession: Ireland, Greece, Spain,Italy, Cyprus, the Netherlands, Portugal and Slovenia. Though a euro-zone-wide recession has been avoided for now, the figures will likely be used as evidence by those urging ...
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What Will Happen to Greece and Gold?
Gold Seek
... cut spending as required by the terms of its two bailouts negotiated since May 2010 This blazes the trail for Spain to follow by asking, first, for a bailout. Portugal, Ireland, and potentially Italyare looking more and more each day like Greece.
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Gold Seek
Eurozone crisis live: Greece heads for make-or-break elections as talks fail
The Guardian (blog)
Greek newspaper Kathimerini reports on its website that around 25 people from "Spain, Italy, Ireland, France and Greece" had pitched tents in the square yesterday, and that 16 people were arrested. 11.41am: Finance ministers have been arriving in ...
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The Guardian (blog)
U.S. welcomes growth debate in Europe
The Republic
Greece, Ireland, Spain, Italy and Portugal - countries at the heart of the European debt crisis - have taken tough austerity measures to slash budget deficits in the hope of regaining market confidence and lowering borrowing costs.
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Greek turmoil hoists Spanish, Italian yields
Business Recorder (blog)
LONDON: Italian bond yields rose above 6 percent on Tuesday for the first time in 2-1/2 months, following Spain higher as investors rattled by Greece'sfailure to form a new government cut exposure to riskier assets. German Bund futures reversed losses ...
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TSX mixed as Greeks head back to the polls
Toronto Star
Other countries are not faring nearly as well: Ireland, Greece, Spain, Italy, Cyprus, the Netherlands, Portugal and Slovenia are all in recession. Worries about Greece sent the TSX down 206 points Monday to its lowest level since early October.
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Merkel ally: Troika-money for Greece only if Athens meets ...
By From talking-forex.com
anti bailout only means they're out, which would be fantastic news for euro. pro bailout means no change at all, which might probably have some temporary negative effect. anti bailout only ... Greece first, then SpainIrelandPortugal,Italy.
Forex Factory
Arlene McCarthy MEP: Momentum in EU gathers for a jobs and ...
By Arlene McCarthy MEP
Categorized | Featured, Labour. Tags | arlene mccarthy mep, austerity, banking, eu, eurobond, european parliament, eurozone, financial transaction tax, france, germany, greece, growth, irelanditaly, mep, portugalspain ...
Speaker's Chair
Would any of the G.I.P.S.I. countries improve their economic fate by ...
By Admin-Liana
Arbitrage Magazine | Business News Magazine with BITE. Twitter · Facebook ...If GreeceItalyPortugalSpain or Ireland were to abandon the Euro, their structural problems would not disappear overnight; they could actually become worse.
Arbitrage Magazine | Business...
JP Morgan fiasco means higher interest rates ahead | CalWatchDog
By CalWatchdog
About Us · Who We Are · Board of Advisors · Press Room. News. Investigative Reports · Breaking News ... Morgan's gamble became very profitable after December 21 when the European Central Bank began making $640 billion off three year loans at 1 percent interest, referred to as “Long Term Refinancing Operations” — LTROs – available to the banks of PortugalIrelandItaly Greece and Spain — the PIIG countries. By the end of December, J.P. Morgan's total derivative exposure ...
CalWatchDog
The end of Europe? « George Zarkadakis
By George Zarkadakis
Meanwhile, people in PortugalSpainItaly and Ireland go to their banks and ask for their money fearing (quite rightly) contagion in the banking system. The domino effect, coupled with market worry that this is worse than 2008, sends the world ...
George Zarkadakis
Financial (Dis)Integration in Europe | Market Integrity Insights
By Agnès Le Thiec, CFA
With the crisis, though, differences in yields of sovereign bonds have dramatically increased, with GreeceIrelandPortugal, and now Spain and Italywatching their funding conditions worsen, and yields on German bonds — once seen as a ...
CFA Institute Blogs
Zed Books: On ABC Radio National, PM program: 'Stupendously ...
By Zed Books
So it is my considered opinion that a reasonable and rational opposition to the austerity and bailout package presented upon countries like SpainItaly,GreeceIrelandPortugal and so on and so forth, is actually not a hindrance to the survival ...
Zed Books
Chaos reigns in the slow-motion train wreck that is Greece | Crikey
By Glenn Dyer
But that leaves nothing for Portugal and Ireland, plus Spain (and perhaps Italy). Certainly, if Greece defaults then attention (contagion) will spread to Ireland,PortugalSpain and Italy, with France also a contender. And, if Greece faults on its ...
Crikey
What can Ireland teach Spain? | Stephen Kinsella
By Stephen
While everyone worried about IrelandGreecePortugal, and to some extent,Italy, the real problems in the Eurozone have been the balance sheets of the very large banks within the core countries of France, Germany, and Spain.Spain's ...
Stephen Kinsella
Goldman Sachs Shorts Spanish Debt, Buys Italy's - Businessweek
News From Bloomberg ... Goldman Sachs Shorts Spanish Debt, Bets on Italy... and market stance for Italy, Greece, Ireland, Portugal and Spain each quarter ...
www.businessweek.com/.../goldman-sachs-shorts-spanish-debt...
Fitch warns euro zone of downgrades if Greeks exit - International ...
Livemint Home; |; e-Paper; |; Today's Newspaper; |; mint CODE; | ... It said it was likely to put all euro area ratings on negative watch if Greece ... It said those countries were France, Italy, Spain, Cyprus Ireland, Portugal, Slovenia and Belgium.
www.livemint.com/.../Fitch-warns-euro-zone-of-downg.html
Chart of the week - Bruegel - The Brussels-based think tank | blog ...
During 2011, Greece, Ireland, Portugal, Italy and Spain accounted for about 70% of the entire Eurosystem liquidity, which has been key in replacing outflows of ...
www.bruegel.org/.../761-chart-of-the-week-the-consequences-...
PIIGS (Portugal, Ireland, Italy, Greece, Spain) Gross external debt ...
PIIGS (Portugal, Ireland, Italy, Greece, Spain) –. Gross external ... Italy,Greece,. Spain) area, as in the rest of the world, babies ... good news if other factors, such ...
stats.areppim.com/.../insight_xdebtxcapita_02x11_piigs.pdf
World News Brief, Tuesday May 15 | Pundit
World News Brief, Tuesday May 15. Greek leaders struggle to form government; experts say if Greece leaves the eurozone, Portugal, Ireland,Spain and Italy at ...
pundit.co.nz/content/world-news-brief-tuesday-may-15
BBC News - Could the euro survive a Greek exit?
So if all of a sudden, Greece and Italy and Spain decided to revert to their national ... would redouble its financial support for Italy, Spain, Portugal andIreland?
www.bbc.co.uk/news/business-18058270
A Continental Shift for Eurozone Investors
AI consider Portugal, Ireland, Italy, Greece and Spain to be "Yankee" Europe. Although their fiscal problems are all slightly different from each other, these ...
www.thefiscaltimes.com/.../A-Continental-Shift-for-Eurozone-...
IMF's Lagarde warns Ireland, Greece and Portugal on obligations ...
IRELAND, Greece and Portugal have no choice to meet their obligations under bailout agreements ... National News Video · Fiscal Treaty ... most at risk were, it said, France, Italy, Spain, Cyprus, Ireland, Portugal, Slovenia and Belgium ...
www.independent.ie/.../imfs-lagarde-warns-ireland-greece-and...
Spain and France feeling Greek euro contagion | Athens News
In rare bright spots, Rehn said Italy and Portugal were on track to meet their ...euro zone country following the path of Greece, Ireland, Portugal and Spain, and ...
www.athensnews.gr/portal/1/55495
Today The Stock Markets, Dine in Red!! - Page 2
Every TV channel / newspaper in Ireland / Portugal / Greece /Spain / Italyrepeats the broken record of how great is the economy in France and above all in the ...
www.godlikeproductions.com/forum1/message1867742/pg2
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