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Jun 4, 2012

EUROZONE Crisis News, Jun 04, 2012

Q&A: World Bank's Zoellick on the Global Economy, Euro-Zone Crisis and US ...
Wall Street Journal (blog)
In a wide-ranging interview Wednesday, he discussed the euro-zone crisis, risks to developing nations, the US fiscal cliff and his work at the bank. Here are excerpts: How would you describe the state of the global economy right now?
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Eurozone economic confidence slides by more than anticipated in May
Washington Post
A Greek exit from the euro or a worsening financial crisis in Spain could disrupt the eurozone'sshaky banking system and hurt businesses ability to borrow and expand. A resulting slump in the economy could make it harder for Europe to work its way out ...
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GLOBAL MARKETS-Euro climbs on hope debt crisis fix is near
Reuters
* Euro rises on speculation euro zone will remain intact * Bond prices fall on profit-taking, hedge against debt fix * Stocks falter, trade lower, on still gloomy economic data * Oil prices mixed after big commodity sell-off in May By Herbert Lash NEW ...
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Eurozone economic confidence slides in May
BusinessWeek
Economic confidence across Europe fell sharply in May, the European Union's executive branch said Wednesday, in a further sign that the recent escalation in the region's debt crisis is being felt across the continent. The European Commission said its ...
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Euro-Zone Data Deepen Gloom
Wall Street Journal
Signs that the euro-zone economy is weakening further have added to investor concerns that the region will struggle to escape its debt crisis intact. High borrowing costs in Spain have sparked fears that that country could soon need financial aid, ...
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Eurozone crisis live: Spanish crisis sends euro sliding - as it happened
The Guardian
Hopefully we'll see more progress in resolving the eurozone crisis tomorrow. But for now, here's a quick closing summary: • Spain's banking crisis remained unresolved. Yesterday's 'plan' - to use Spanish sovereign debt to recapitalise Bankia, ...
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The Guardian
Euro Zone Is Lurching to a Crossroad
New York Times
LONDON — As Spain's economic crisis deepens and uncertainty swirls over Greece's future in theeuro zone, the guardians of the increasingly fragile European monetary union are near a moment of truth: can they muster the will and resources to keep the ...
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Merkel Rejects Debt Sharing as Obama Urges End to Crisis
BusinessWeek
By Brian Parkin and Ben Sills on June 02, 2012 German Chancellor Angela Merkel hardened her opposition to joint debt sharing in the euro region as President Barack Obama singled out Europe's leaders for not doing enough to arrest the financial crisis.
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Euro zone expansion stalls as crisis rages
Chicago Tribune
While Lithuania and Latvia can tick that box, Latvian Finance Minister Andris Vilks told public broadcaster Latvian Television on Wednesday the country would only join once the euro zone's debt crisis had subsided. The Baltic nation had initially ...
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Euro zone on the brink
Washington Post
Europe is on the verge of financial chaos. Global capital markets, now the most powerful force on earth, are rapidly losing confidence in the financial coherence of the 17-nation euro zone. A market implosion there, like that triggered by Lehman ...
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Europe cash cocoa: Mixed, eyes on euro zone crisis
Reuters
May was one of the worst months for major commodities since the financial crisis began, as escalating fears over the euro zone's debt problems and weak US data crushed investor risk appetite. The International Cocoa Organization trimmed its forecast ...
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ECB may cut rates as eurozone crisis deepens
AFP
By Simon Morgan (AFP) – 1 day ago FRANKFURT — The European Central Bank may cut interest rates again soon as the eurozone debt crisis deepens, but it will continue to insist that it is up to governments to find a lasting solution, analysts say.
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AFP
Eurozone crisis: Spain crying for help
Times of India
Take your pick - liquidity crisis, debt crisis, banking crisis, economic crisis, confidence crisis, investor crisis, jobless crisis. Spain, the ailing euro zone's latest problem child, has them all. As the problems pile up, Prime Minister Mariano ...
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Europe Markets Seen Mixed as Debt Crisis Persists
CNBC.com
European shares were called to open mixed on Friday as European leaders squabbled over how to resolve the euro zone debt crisis and a slowdown in job creation in the region's largest trading partner, the US, began to show signs of the crisis' effects ...
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CNBC.com
Goldman Lowers 10-Year Treasury Yield Call On Fears Over Euro Zone
Wall Street Journal
By Min Zeng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Rising anxiety over the euro zone's sovereign-debt crisis pushed Goldman Sachs Group Inc., a major dealer in the US government bond market, to sharply lower its forecasts of how high the ...
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UK's Cameron Discusses Euro-Crisis Contingency Plans With BOE, FSA Chiefs
Wall Street Journal
By Nicholas Winning LONDON (Dow Jones)--UK Prime Minister David Cameron gathered the heads of the Bank of England and the country's financial services regulator and his top three ministers Monday to discuss contingency plans for the euro-zone crisis.
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Factory downturn takes root in heart of euro zone
Reuters
By Jonathan Cable | LONDON (Reuters) - The euro zone's manufacturing sector contracted at its steepest pace in nearly three years in May as the debt crisis batters confidence and new orders continued to dry up, a business survey showed on Friday.
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Euro zone unemployment hits record high, seen rising
Reuters
As the debt crisis intensifies, companies in the euro zone are trying to keep their labour costs low as they struggle with falling demand and profits, while a German-led drive to cut deficits and debt is pressuring governments to shrink spending.
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ECB, EU officials warn euro's survival at risk
Reuters
... stepped up pressure on Thursday for a joint guarantee on bank deposits across the euro zone, saying Europe needed new tools to fight bank runs as the bloc's debt crisis drives investors to flee risk. The European Commission's top economic official, ...
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Euro climbs on hope debt crisis fix is near
CNBC.com
NEW YORK (Reuters) - The euro climbed and bonds eased off last week's record low yields on Monday as speculation mounted that authorities will manage to keep the euro zone intact and ameliorate the region's festering debt crisis.
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Spain urges euro fiscal authority to end crisis
Reuters
Earlier this week, ECB President Mario Draghi said EU leaders should break away from the incremental approach that has failed to get ahead of the euro zone debt crisis for more than two years and quickly clarify their vision for the future of the ...
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The Eurozone Crisis for Dummies
Financial Post
When times were good, it wasn'ta problem — banks and other investors were willing to lend them money on the cheap and their public sectors became bloated. When thefinancial crisis hit, however, problems came to a head. Debt levels in Portugal, Italy, ...
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Financial Post
European Central Bank president pleads for fast action on eurozone crisis
Tampabay.com
... Mario Draghi, warned Thursday that the structure of the euro currency union had become "unsustainable" and criticized political leaders who he said had been slow to respond to a regionaldebt crisis now well into its third year.
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CANADA FX DEBT-C$ firms on euro zone hopes, eye on BoC
Reuters
Figures on Monday showing euro zone factory prices were unexpectedly stable in April from March, the fourth straight month of weakening inflation pressures, offered some hope that ECB could cut rates. At 8:06 am (1206 GMT), the Canadian dollar was at ...
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Spain wants euro zone fiscal authority
Reuters
By Julien Toyer | MADRID (Reuters) - Spain on Saturday proposed the set up a new fiscal authority in the euro zone which would control and harmonize national budgets and manage the European debts. Prime Minister Mariano Rajoy said the authority was the ...
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Central Banker Sees Structure of Euro Zone as 'Unsustainable'
New York Times
FRANKFURT — Mario Draghi, president of the European Central Bank, warned Thursday that the structure of the euro zone had become “unsustainable” and criticized political leaders he said have been slow to respond to the sovereign debt crisis.
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New York Times
Merkel: "No taboos" in euro crisis but change takes time
Reuters
... May 31 (Reuters) - German Chancellor Angela Merkel said on Thursday that Europe should be ready to consider all options in its drive to stem its sovereign debt crisis but refrained from commenting on calls for a banking union in the euro zone.
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UK Recession, Euro Crisis Weigh Heavily on UK Economy
Wall Street Journal (blog)
The data show a collapse in orders and output as the ongoing euro zone debt crisis weighed heavily on sentiment and spending plans, while a sharp decline in domestic business exacerbated that weakness. “It suggests that both the slowdown in global ...
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Euro-Area Unemployment Reaches Record 11%, Led by Spain
San Francisco Chronicle
Click on TOP CRIS for more on Europe's debt crisis.) June 1 (Bloomberg) -- Euro-area unemployment reached the highest on record as a deepening economic slump and budget cuts prompted companies from Spain to Italy to reduce their workforces.
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Eurozone debt crisis deepens as top officials warn euro's survival at ...
The dire warnings come as worries about Spain's banks and Greece's survival drive investors from Europe and puts pressure on Germany to drop its opposition to bolder rescue measures.
FP Top Stories List
Euro-zone Galloping Towards Financial Armageddon, Greece Will ...
The EURO IS the reason for the debt crisis and not the other way around as is the consensus view. This flipping of mainstream economic reality may be difficult to grasp at first, but contemplate this - Only ONE country in the Euro-zone has a ...
The Market Oracle
Eurozone debt crisis deepens as investors flee ... - Financial Post
Spain's banking woes – the result of a burst property bubble aggravated by recession – have combined with growing uncertainty about Greece's survival in the euro zone to reignite Europe's sovereign debt crisis. That drove the euro to a ...
FP Top Stories List
Spain and Italy Combine with a Double Jab to the Euro | Foreign ...
By EasyFX
Risk on, risk off is still setting the tone for the dollar as the eurozone crisis lurches from one eurocountry's debt woes to another, however overnight we did see sentiment turnaround in Asian trade. Japanese and Australian indices both opened lower while risks on ... rose to the most in 17 years. The Dollar Index traded near the highest in 20 months as concern Europe's turmoil is hurting economicgrowth boosted demand for the safest assets. The European economy is deteriorating.
Foreign Currency Market News
Debt in the Euro Zone: A Greek Tragedy | The Toonari Post ...
By Claudia Sondergaard
Greece heads to the election polls on June 17 and in the midst of deep financial chaos within the Eurozone, anyone with a stake in the future economic health. ... Posted by: Claudia Sondergaard Tags:euro crisis, euro crisis greece, euro news, euro zone crisisEuro Zone debt, greece and euro, greece default euro, greece euro crisis, greece euro exit, greece leave euro, greece leaves euro, greece leaving euro, greece news, greek tragedy euro, ireland euro, ireland euro crisis, ...
The Toonari Post - Breaking News,...
Indonesia – Market Factors to watch – June 1 - Downtown Canyonville
By ChuckKnowl
JAKARTA, June 1 (Reuters) - Following is a list of events in Indonesia as well as business highlights from newspapers and factors that may influence financial markets. PRESS DIGEST (Reuters has not confirmed ... Asian shares eased on Friday , with China's factory activity data and a U.S. jobs report due later in the session, making investors cautious as the escalating euro zone debt crisis threatens to further undermine growth worldwide. * Crude oil futures dropped on Thursday by ...
downtowncanyonville.com
GLOBAL MARKETS-Spain's debt woes send shares, euro lower - XE
'The Spanish banking crisis has the potential to knock the stuffing out of the euro zone irrespective of the Greek election results,' said Jane Foley, senior currency strategist at Rabobank. The Greek vote on June 17 has raised ... 'We will sell into this bounce as these proposals will take a long time and will entail changes to the treaty,' said Geoffrey Yu, currency strategist at UBS, referring to the agreement that created economic and monetary union. The calls from the EU did help pull ...
XE Forex News
Debt Crisis: Euro hovers at two year low while Spanish and Greek ...
By Newswires
Without any major fresh news on the euro zone crisis, equity markets focused on reports from China suggesting the government could be about to unveil more spending plans to boost flagging economicgrowth. In one such report the official ...
The Wall Street Examiner
How does the Euro crisis affect Brits? AtHomeSense.com
By Stuart Wooster
When David Cameron was being pilloried for exercising Britain's veto over the proposed Euro financial treaty, Germany and France were looking like strong leaders championing the Eurozone. ...European Politicians fear that the impact of Greece's default will increase pressure on other EuroMembers to leave the currency zone and are particularly concerned about Spain because the level ofdebt in Spain is so high that the Eurozone would struggle to build a fund to bail Spain out .” ...
AtHomeSense.com
Eurozone crisis live: Spanish crisis sends euro sliding - The Guardian
Hopefully we'll see more progress in resolving the eurozone crisis tomorrow. ... to have been sidelined in favour of issuing new debt to patch its €19bn black hole. ... is accusing Ordóñez of 'grave misconduct' over his role in the financial crisis.
www.guardian.co.uk/business/.../eurozone-crisis-spanish-bank...
The euro zone crisis: Eurobonds: il conto, la cuenta, l'addition, die ...
ONE plan to resolve the euro zone debt crisis is for the common issue of eurobonds .... We just went through that in supreme fashion with the financial industry.
www.economist.com/blogs/buttonwood/.../euro-zone-crisis-4?...
EURO ZONE CRISIS BOILS AS LEADERS FAIL TO SIGNAL NEW ...
Yet, the urgency for a solution to the region's debt crisis, now in its third year, ... In a conference call held on Monday, finance ministry officials from the euro zone ...
www.altaviewfinancial.com/euro-zone-crisis-boils-as-leaders-f...
Euro-zone Crisis Will Hit Russia Hard
... to comments. Euro-zone Crisis Will Hit Russia Hard ... It means that the probability of local crises (sovereign debt, stock markets) is rather high. However, one ...
www.freerepublic.com/focus/f-news/2888789/posts
Euro Zone Debt Crisis Threatens to Destroy European Union ...
Euro zone debt crisis has reached critical mass. ... Speaking at an economic conference in Trento, Italy, Soros said that the euro crisis – which he defined as a ...
eurotradingtrend.com/euro-zone-debt-crisis-threatens-to-destr...
Eurozone Crisis in a Nutshell | Youth Ki Awaaz
The article attempts to capture the complex intricacies of the Euro crisis and the ... Different governments in the world are in some sort of debt and to reduce it, they ... that it will get back its money by some policies fixed by financial institutions.
www.youthkiawaaz.com/2012/05/eurozone-crisis-in-a-nutshell/How to Short the Euro with ETFs
Here are three ETFs you can use to short the Euro. ... The euro's doomed… and so is the Eurozone.c ... he'll fight for more of every bad idea that got Europe into its debt crisis in the first place.... The Eurozone Crisis: Four Things to Watch in 2012 .... It also would hit several Eurozone financialinstitutions that have large ...
www.investmentu.com/research/short-euro-etf.html

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