Today: IRELAND, Portugal, Spain, Italy, Greece News, Mar 22, 2012

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May 22, 2012

IRELAND, Portugal, Spain, Italy, Greece News, Mar 22, 2012

EURO GOVT-Spain, Italy debt up on hopes of EU summit action
Reuters
Italian and Spanish 10-year yields fell 13 basis points each to 5.81 percent and 6.16 percent respectively but Irish and Portuguese equivalent yields rose, showing nerves over Greece remained stretched. Ireland andPortugal are seen as vulnerable ...
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EURO GOVT-Spanish, Italian yields fall on summit hopes
Reuters
Ireland and Portugal are seen as vulnerable should Greece leave the euro zone. "What we've seen is really some short covering related to Italian bond futures, and Spain being dragged along behind," a trader said. "I can't tell we've seen much real ...
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Europe heads for recession
Citizen
The UK, Spain, Greece, Italy, Ireland, Portugal, Belgium, the Netherlands, Cyprus, Slovenia, Denmark, and the Czech Republic have all reported negative GDP growth for two consecutive quarters, which is the dictionary definition of recession.
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Vodafone Profit Drops as Clients in Spain, Greece Slash Spending
Bloomberg
The country recorded growth of 0.5 percent in the first quarter even as eight euro-area countries such as Italy and Greece were in recession. To boost data sales, Newbury, England- based Vodafone is also driving revenue from smartphones including Apple ...
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Vodafone cuts sales target on weak European markets
RTE.ie
It took impairment charges of £4 billion relating to its businesses in Italy,Spain, Portugal and Greece. Vodafone Ireland said that it performed well during the year despite high customer acquisition costs driven by handset subsidies.
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EURO GOVT-Hopes of EU summit action subdue German Bunds
Reuters
Italian 10-year yields fell 12 bps to 5.82 percent while the Spanish equivalent was down 10 bps at 6.19 percent but Irish and Portuguese yields rose, showing nerves over Greece remained stretched. Ireland and Portugal are seen as vulnerable should ...
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EFSF's Strauch: Greece Must Honor Commitments Or Lose Funding
Wall Street Journal
Were Greece to renege on its pledges, the fund "would have to stop payments," Strauch said. Strauch said Greece "is important, is in focus, but is not all there is." He praised reform efforts in Ireland, Spain, Portugal, andItaly and outlined ...
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Greece: Top 3 risks facing U.S.
CNNMoney
But the exposure to other troubled countries in Europe is significantly greater -- more than $50 billion each to Spain and Ireland, $66 billion to Italy and $6.6 billion to Portugal. But all that doesn't even begin to cover the risks posed to the US ...
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FSC says banks' exposure to PIIGS at NT$23.38bn
Taipei Times
By Kevin Chen / Staff reporter The exposure of Taiwanese banks to debt shouldered by Portugal, Ireland, Italy, Greece and Spain (PIIGS) totaled NT$23.38 billion (US$791.2 million) as of the end of last month, down by NT$8.1 billion, or 25.7 percent, ...
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Satyajit Das: There is a misplaced reliance on the European Central Bank
The Independent
As Greece demonstrated and Ireland, Portugal, Spain and Italy are demonstrating, massive fiscal tightening when combined with private sector reduction in debt merely puts the economy into recession. It results in an increase not decrease in public debt ...
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We're in it to win it - Doyle
Belfast Telegraph
... also includes Spain, Italy and Croatia. However, Doyle and his team-mates will head for Poland and Ukraine with the Italianreminding them of what Greece did in 2004 when they shocked the rest of the continent by going all the way in Portugal.
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Belfast Telegraph
KEYC - Mankato News, Weather, Sports -Spain teachers, students strike over ...
KEYC TV
Investors fear Spain might eventually need a bailout like Greece, Ireland andPortugal. The impact of the budget cuts has been brutal, however, and unemployment has swelled to nearly 25 percent. Among people under age 25 it is a staggering 52 percent.
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Banks No Longer 'Float Above Their Countries': Deutsche
CNBC.com
The situation in Europe apart from Greece is "pretty encouraging," with Italy, Spain, Portugal and Ireland making "tremendous progress towards significant reform," according to Jain. "So the real issue right now is exactly what the resolution toGreece ...
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CNBC.com
What Will Happen in Greece, Spain, and the EU?
Business Insider
All eyes and ears are justifiably tuned in to developments in Greece, Spain, and throughout the EU. Will Greece leave the EU and precipitate runs on the bank in other European nations? Let's navigate and get the insights from industry insider, ...
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Vodafone Results: Largest Dividend Payer In The FTSE 100
Seeking Alpha
Vodafone has written down the value of its assets in Ireland, Italy, Spain,Portugal and Greece by £4bn. It disclosed that cash flows from those countries will be lower and that it will have to increase discount rates to tempt in customers.
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Merkel and Hollande Head for a Showdown on Debt at EU Summit
San Francisco Chronicle
Germany contributes the most of any country to the EU's financial backstops and bailouts for Greece, Ireland and Portugal. Merkel, whose approach to the crisis has helped make her Germany's most popular politician before elections next year, ...
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EUR/USD:The Path To 1.1000 Revisited
Seeking Alpha
I will use the new GIPSI acronym to refer to the problem countries of Greece,Ireland, Portugal, Spain, and Italy. In any continuation scenario, the EURUSD is lower. Every single one of these scenarios causes a weaker EURUSD. There is no scenario where ...
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OECD Sees Euro-Zone Crisis Hurting World Recovery
New York Times
After bailouts for countries including Greece, Ireland and Portugal, and concern that Spain and Italy might also ultimately need help, there are now fears about the survival of the euro itself. On Monday, President Barack Obama expressed confidence ...
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Under Colao, Vodafone Takes Different Route to Profit
Pittsburgh Post Gazette
Part of the weakness can be traced to Southern Europe, where sales in key Vodafone markets like Italy, Spain and Greece have fallen during the euro crisis. In Western Europe, mobile service revenue for the industry is expected to decline to $166 ...
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What austerity looks like around the world
Washington Post (blog)
Some countries, like Italy, are relying heavily on tax increases. Others, likeSpain and Greece, are relying far more heavily on spending cuts: (And yes, these forecasts could prove wrong. The OECD, for instance, expects that the United States will ...
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Morning Market Roundup: IMF Looks to U.K. For Help, Spain's Academics Protest ...
TheBlaze.com
Investors fear Spain might eventually need a bailout like Greece, Ireland andPortugal. Italy Digs up $38B: The Italian government is to free up to (EURO)30 billion ($38.25 billion) to make overdue payments to businesses that have supplied goods or ...
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Key issue in Europe is sovereign debt: Deutsche Bank
Moneycontrol.com
“I have to say that away from Greece, we have a pretty encouraging situation,” he adds. According to him, the governments in Italy, Spain,Portugal, and Ireland have made tremendous progress towards significant reforms. “The real issue right now is ...
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Germany's 'Merkeltilism' Isn't Working - It Won't Ever For The PIIGS
Seeking Alpha
The 10 year bond yields of the PIIGS are: Portugal (12.394%), Ireland(8.207%), Italy (5.790%), Greece (29.413%), and Spain (6.276%). The debt of each of these countries as a percentage of GDP is: Germany (81.2%),Portugal (107.8%), Ireland (108.2%), ...
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Euro bonds to the rescue?
Salon
As the euro zone's strongest economy, Germany knows that euro bonds will mean its taxpayers end up taking on debts incurred byGreece, Spain, Italy and other troubled economies. That would ease the immediate pain in the southern Europe and the risk of ...
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Salon
What Will Happen In Greece, Spain, And The EU?
Daily Markets (blog)
All eyes and ears are justifiably tuned in to developments in Greece, Spain, and throughout the EU. Will Greece leave the EU and precipitate runs on the bank in other European nations? Let's navigate and get the insights from industry insider, ...
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Eurozone construction sector production rose by 12.4% in March 2012 -- fell...
FinFacts Ireland
The Eurozone (EA17) consists of Belgium, Germany, Estonia, Ireland,Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The EU27 includes Belgium (BE), Bulgaria (BG), ...
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Pimco Cuts German Bund Holdings; Favors MBS, Covered Bonds
Wall Street Journal
Mather said he now holds no government bonds sold by Greece, Portugaland Ireland. He only holds a small portion of government bonds sold by Italy,Spain and France. The exception is the Netherlands, in whose bonds Mather holds an overweight position.
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More Spending Won't Save Europe
National Review Online (blog)
After all, exports to Germany account for just 2.5% of the combined GDP ofItaly, Ireland, Portugal, Spain and Greece. In order to make a difference, Germany would therefore have to embark on a fiscal expansion that is too big even for the largest ...
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20 Greatest Moments in European Championship History
Bleacher Report
In 2004 Greece shocked the world when they pulled off a European Championship victory over hosts Portugal in their opening game. That shock was multiplied ten-fold when the two teams met in the final—only for Greece to beat the hosts by the same ...
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Bleacher Report
Time for Obama to talk some sense into Europe
Shore News Today
Britain is now in the throes of a double dip recession; Spain's unemployment rate has skyrocketed to 24 percent; Greece, Ireland, Portugal, Italy as well as other countries in the Euro-zone that enacted austerity measures are in worse shape than before ...
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European Long Course Championships: Close Calls, Fast Times On Second Night
SwimmingWorldMagazine.com
Da Rocha Marce just missed Spain's national record of 2:09.53 set by Nina Zhivanevskaya back in 2000. Ukraine's Daryna Zevina (2:09.57), Ireland'sMelanie Nocher (2:10.75), Czech's Simona Baumrtova (2:10.85), Italy'sAlessia Filippi (2:11.20) and ...
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Ireland Should Vote Yes on the Fiscal Compact « Euro Area Debt ...
By Megan Greene
Spain and Italy are the most recent countries to push back on their budget deficit targets, but the Netherlands has had difficulty devising a budget to hit its targets and France is likely to succumb to fiscal slippage. The fiscal ...However, market sentiment regarding Ireland is highly dependent on developments in the EZ generally; Ireland saw its government bond yields rise back over 7% last week for the first time in months, owing entirely to drama coming out of Greece and Spain.
Euro Area Debt Crisis by Megan Greene
European Economic Collapse: Framework for Worldwide Depression
By APN Radio
I lived in GreeceSpain and Italy for a number of years before the Euro. ...While Ireland is trying to recover, Portugal has been put in a junk bond status by S&P. ... Italy, one of Europe's largest economies, is also facing economic disaster. ... More on Current News & Events. Wyoming State Legislature Advances Doomsday Bill · Policing Ourselves and Our Language Before the Media and Government Do it for Us · Prepper Group Dynamics and a talk on silver! You're not the only one ...
American Preppers Network
Euro Update: The Euro is “An Unbridled Doomsday Machine ...
By Lawrence Person
GreeceSpainIrelandPortugal and Italy (and California). In each case, the promise of more bailouts ... Johan Norberg, a senior fellow at the Cato Institute, summarizes the results: “From 1997 to 2007, government expenditures increased by around 6 percent annually in SpainPortugal andGreece, while population remained mostly stable. Spending increased by 4 percent a year ... commented, I do regularly read your blog. It is the best right-of-center news aggregator in these parts.
Lawrence Person's BattleSwarm Blog
The UK faces a €149.2 billion liability to the EU | Steve Baker MP
By Tim Hewish
... the loans that it has made to governments and organisations in vulnerable economies such as GreecePortugalSpainItaly and Ireland;; The UK currently has a €60 billion liability to the European Financial Stabilisation Mechanism (EFSM).
Steve Baker MP
Greek politics, Spain banks test eurozone survival
Investors, fearful that Portugal, Ireland, Spain and Italy will follow Greece'spath, ... SA plunged after a newspaper reported it had suffered deposit withdrawals ...
www.foxnews.com/.../spain-stocks-fall-sharply-after-moody-d...
Greek politics, Spain banks test eurozone survival - Boston News ...
Boston News, Weather, Sports | FOX 25 | MyFoxBostonGreek politics, Spainbanks ... Investors, fearful that Portugal, Ireland, Spain and Italy will followGreece's ...
www.myfoxboston.com/.../spain-stocks-fall-sharply-after-moo...
Euro zone exit might be best of bad options for Greece - The Globe ...
Search: News; Quote; Web; Businesses; People; Jobs. News Search. News... Greece, Ireland, Portugal, Spain, Italy – would want to guarantee more years, ...
www.theglobeandmail.com/report.../article2437506/
Goldman Sachs Shorts Spanish Debt, Buys Italy's - Businessweek
News From Bloomberg ... Goldman Sachs Shorts Spanish Debt, Bets onItaly ... and market stance for Italy, Greece, Ireland, Portugal and Spaineach quarter ...
www.businessweek.com/.../goldman-sachs-shorts-spanish-debt...
Greek politics, Spain banks test eurozone survival - US News and ...
US News & World Report Politics ... Investors, fearful that Portugal, Ireland,Spain and Italy will follow Greece's path, would then pull their money out of those ...
www.usnews.com/.../spain-stocks-fall-sharply-after-moodys-d...
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
Greece euro exit could hit Spain, Italy: Zoellick - Yahoo! News
...if you sign onto a deal, and that deal is not working for you... you get out...!greece, spain, italy, ireland, portugal (PIGS) all the poor-er countries in the EU are ...
news.yahoo.com/greece-euro-exit-could-hit-spain-italy-zoellic...
Euro's future looks shaky as Greece almost certain to exit | Irish ...
Home Page > News > Euro's future looks shaky as Greece almost certain to exit ... See more: News from Ireland ... (Portugal, Ireland, Italy, Greeceand Spain).
www.irishcentral.com/.../Euros-future-looks-shaky-as-Green-a...
Ireland Should Vote Yes on the Fiscal Compact « Euro Area Debt ...
News and views on the euro area's debt crisis ... Spain and Italy are the most recent countries to push back on their budget deficit targets, but the Netherlands .... analysis and forecasting for Greece, Ireland, Portugal,Spain, Italy and Germany.
economistmeg.com/.../ireland-should-vote-yes-on-the-fiscal-c...
Vodafone cuts sales target on weak European markets - RTÉ News
It took impairment charges of £4 billion relating to its businesses in Italy,Spain, Portugal and Greece. Vodafone Ireland said that it performed well during the year ...
www.rte.ie/.../vodafone-cuts-sales-target-on-weak-european-m...
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