Today: EUROZONE Crisis News, Jun 18, 2012

Jun 18, 2012

EUROZONE Crisis News, Jun 18, 2012


Greek, Spanish savings flee eurozone crisis
Boston.com
Savers across Europe are fleeing the continent's debt crisis. ... withdrawing euros by the billions -- behavior that is magnifying their countries' financial stresses.
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Boston.com
GLOBAL MARKETS-Spain's debt hits record as euro zone crisis ...
Reuters
GLOBAL MARKETS-Spain's debt hits record as euro zone crisis worsens ... banks that has failed to convince investors it solves Spain's financial problems.
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Germany warns Italy over euro zone crisis
Globe and Mail
Finance Minister says Italians must keep taking PM Mario Monti's tough economicmedicine to avoid becoming next victim of euro zone debt crisis.
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Globe and Mail
G-20 leaders face pressure to stem Eurozone crisis
Los Angeles Times
The G-20 cannot take any real decisions" on the Eurozone problem, said ... out the idea of creating euro bonds to share the Eurozone countries' debts, saying, ... the Federal Reserve, as they did in the darkest days of the 2008 financial crisis.
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Los Angeles Times
European Leaders to Present Plan to Quell the Crisis Quickly
New York Times
The goal would be to make the euro zone less vulnerable to crises and better able to grow its way out of the current debt crisis. But it is unclear whether yet more ...
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Draghi: up to politicians to fight eurozone crisis
Businessweek
... for more emergency help from the central bank to solve the debt crisis rattling the region and instead make the political choices needed to strengthen the euro. ... and Jean-Claude Juncker, who chairs eurozone finance minister meetings, ...
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Obama effort to contain European debt crisis takes on greater urgency
Washington Post
Obama effort to contain European debt crisis takes on greater urgency ... job growth and preventdebt-stricken Greece from dropping out of the euro zone. ... of the global financial system, and therefore it's very important to the United States.” ...
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Spain's debt hits record as euro zone crisis worsens
CNBC.com
Europe's top shares extended their losses, with Spain's problems adding to fears the worsening euro zone debt crisis was hurting global growth, crimping ...
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Relieved Europe hints at more time for Greece
Reuters
BERLIN/ATHENS (Reuters) - Euro zone paymaster Germany, relieved at a narrow ... But financialmarkets' relief that the 17-nation European currency area had ... into crisis was mitigated by concern about unresolved problems in Greece, the lack ...
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It's the Euro, Stupid: The Roots of the Euro-Zone Crisis
Newsweek
It's the Euro, Stupid: The Roots of the Euro-Zone Crisis ... in the belief that it would hasten European economic and political integration ... The public debt of Greece amounted to less than 2 percent of the combined GDP of the European Union.
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Newsweek
Eurozone crisis to cast shadow over G-20 summit
Politico
While the eurozone's troubles could pose one of the biggest threats to his ... thefinancial system and encourage growth while leaving management of debt to the ...
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Politico
Britain urges world's central banks to act
Reuters
... Cameron will urge central banks on Monday to act to protect the global economy from the ravages of the euro zone debt crisis, and demand that the currency.
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Britain Is Outside Euro Zone but Not Euro Crisis
New York Times
Caught in the crosswinds of the euro zone debt crisis, and confronted by a ... Addressing a banquet in the City of London, Britain's main financial district, late ...
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Europe Gets Emerging Market Crisis Ultimatum as G-20 Meet
Bloomberg
Europe's financial crisis deepened and enveloped Spain, raising pressure on German ... Euro Debt Crisis Shifts to Spain as Merkel Meets Obama ... There is ground for the euro zone to move, but just what it does depends on how much ...
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Obama to press for euro zone progress at G20 summit
Reuters
... Obama will press European leaders this week to resolve their debt crisis but the ... of 20 big industrial economies, including euro zone heavyweights Germany, ... Europe's financial crisis could easily send the global economy into recession ...
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Monti urges political backing in euro crisis
Reuters
... economic medicine to avoid Rome becoming the next victim of the euro debt. ... due to expectations of further euro zone policy action to tackle the debt crisis, ...
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Key dates in Greece's debt crisis
MiamiHerald.com
A look at key dates in Greece's financial and political crisis. ... May 2, 2010 -Eurozone finance ministers agree to rescue Greece with (EURO)110 billion in loans ...
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MiamiHerald.com
EU Faces Pressure from Peers to Boost Crisis Measures at G20
Wall Street Journal
--EU wants to talk trade, growth measures as well as debt crisis ... financial regulation and financing development," the French presidency said in a ... level, the latest installment in the euro-zone debt crisis Europe will likely remain center stage.
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Five reasons to fear another meltdown Cameron tells G20 as he ...
Daily Mail
... a return to the financial crisis of 2008 as he tries to persuade euro leaders to ... theeurozone crisis; debts; the challenges of growth and low competitiveness; ...
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Daily Mail
Greek, Spanish savings flee eurozone crisis
Wisconsin State Journal
So in Greece, Spain and beyond they are withdrawing euros by the billions ... Since the Greek debt crisis broke in late 2009, deposits have fallen by 30 percent. ... the eurozone would likely causefinancial chaos across Europe: Greek debts ...
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Growing Economic Fractures Threaten Eurozone
NPR
Europe's debt crisis seems to grow more dire every day as borrowing coasts for Spain and ...REEVES: Germany is playing Portugal in the Euro 2012 contest.
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G20 summit to focus on eurozone debt crisis
BBC News
The eurozone debt crisis is set to dominate the agenda at the latest G20 summit in Mexico. ... The eurozone financial crisis has been the festering wound threatening the health for the global economy for more .... What is the euro bailout fund?
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BBC News
Central banks prepare for turmoil after Greek vote
Reuters
Tensions were high about how to manage the euro zone's debt crisis ... could set Athens on a path out of the euro zone and stoke turmoil in financial markets.
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Eurozone crisis live: Spanish borrowing costs hit new high as market ...
The Guardian
There are clear economic benefits to Greece leaving the euro, but the risks involved in an .... Welcome back to our rolling coverage of the eurozone debt crisis.
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The Guardian
G20 to Press Europe for Lasting Debt Solution
Fox Business
But Europe's progress toward lasting solutions for its debt crisis will be the focal ... euro zonebreakup, the relief in financial markets could quickly evaporate.
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EU: Look to G-20 Summit to Find Global Answer to Debt Crisis
Wall Street Journal
"The euro-zone crisis will be a key issue at this year's G-20 summit...the focus in particular on determination to find a global answer to the sovereign debt crisis," ...
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Euro-zone leaders aim to get control of debt crisis
Washington Post
Euro-zone leaders aim to get control of debt crisis. Amid protests throughout the continent against strict austerity measures, European leaders are working on ...
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Spain's debt hits record as euro zone crisis worsens
By Cass
LONDON (Reuters) - Spain's 10-year bond yields hit a euro-era record of 7 percent on Wednesday as investors fled to safe-haven assets on fears the storm surrounding Europe's two-year long debt crisis was worsening, sending ...
Legal Forums - Is It Legal To...
EUR/USD: Euro fell as Euro-zone debt crisis deters risk-taking ...
By GCI Financial
GCI Financial - Global Leaders In Online Trading · Demo-Login · Live-Login ... All News » Currencies » EUR/USD » EUR/USD: Euro fell as Euro-zone debt crisis deters risk-taking, trading higher this morning. ← Trading signals for Monday ...
GCI Forex News
Spain borrowing costs hit euro-era record in bank crisis - Talk Vietnam
By mrhoi
In an interview with German radio, Monti tried to damp down the rumours that Rome is at risk of contagion, calling on the markets and financial observers “not to be governed by cliches or prejudices.” However markets also punished Italy, at risk of being the next domino to fall in theeurozone crisis as it struggles to boost growth and confronts a public debt mountain of 1.9 trillioneuros. Italy's 10-year government bond yield leapt to a high of 6.301 percent from the previous day's closing ...
TalkVietnam
Eurozone crisis threatens nations' AAA rating: Fitch ... - Financial Post
Latest Personal Finance Headlines Feed ... Sovereign credit ratings inside the euro area, including those of AAA nations, risk downgrades as policy makers fail to demonstrate they can end the region'sdebt crisis, according to Fitch Ratings.
FP Top Stories List
The global economy: reasons to be fearful | Nouriel Roubini - Ha'aretz
By haaretz
Dark, lowering financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, China, and elsewhere. Indeed, the global economy in 2013 could be a very difficult environment in which to find shelter. For starters, the eurozone crisis is worsening, as theeuro remains too strong, front-loaded fiscal austerity deepens recession in many member countries, and a credit crunch in the periphery and high oil prices undermine prospects of recovery.
Haaretz Daily
Eurozone Crisis Could Hit Our Economy Harder | Colombo Telegraph
By COLOMBO_TELEGRAPH
The euro-zone sovereign debt crisis, classified by the Organization for Economic Cooperation and Development as the world's worst in 2011, is set to deteriorate this year. The situation was building up since 2009 when it was first realized that ...
Colombo Telegraph
Germany play Greece in euro crisis showdown - The Local
Of all the quarter-final clashes at Euro 2012, Germany versus Greece will be the most closely watched, with the tie being seen through the prism of the sovereign debt crisis threatening the eurozone. ... the calls on Athens to impose tough austerity measures in return for financial assistance to bring downdebt. The irony of a potential last-eight meeting with Germany after Greece's surprise win over Russia in Warsaw on Saturday was not been lost on the Greeks, with many sensing an ...
The Local - Germany's news in English
Germany to Lead the Eurozone Crisis Fight Says Angela Merkel ...
By edliston
Chancellor Angela Merkel rejected quick solutions proposed to fix Europe's financial disaster like jointdebt sharing, saying Germany can't save the world. ... Germany to Lead the Eurozone Crisis Fight Says Angela Merkel. Posted on June 14, 2012 7:28 am by edliston ... While Germany make use of its strength inside the service of European unity, the euro and also the global economy, Merkel said she opposes seemingly easy solutions that risk backfiring. All eyes are saved to ...
Stock Market News
Eurozone crisis: Germany warns Italy it could be the ... - Financial Post
Germany told Italians today they must accept Prime Minister Mario Monti's tough economic measures to avoid becoming the next victim of the eurozone debt crisis after a bailout for Spain's banks failed to calm markets. ... Markets calmed slightly on Wednesday due to expectations of further eurozonepolicy action to tackle the debt crisis, but investors remain wary ahead of a general election in Greece on Sunday that could lead to the country leaving the euro area. STRONGER ...
FP Top Stories List
What does the Euro Debt Crisis Mean for Africa? | Africa News ...
By newsroom
A collapse in Greece will make banks, creditors, and financial institutions that hold European debt to become concerned of the prospect of a default by another Euro-zone country, notably Spain, Portugal, and Italy. If Euro-zone leaders are not ...
Africa News - News from Africa
The Euro Crisis: Which Countries Will Need Help Next? | Mindful ...
By Peter J.R. Morgan
In my recently published book on the euro crisis I investigated the level of debt across the whole of the European Union and came up with some disturbing figures. ... This entry was posted in Euro zone Crisis, Eurozone, Financial crisis.
Mindful Money
Spain's debt hits record as euro zone crisis worsens - Finance - Yahoo
From Yahoo! Finance Canada : "The underlying problem of deteriorating confidence in sovereigndebt in Europe is continuing to intensify," said Lee Hardman, ...
ca.finance.yahoo.com/.../global-shares-ease-weak-u-data-wary...
Debt reduction most important to tackle euro zone crisis ... - Indiatimes
BERLIN: Deutsche Bank's new co-CEO Anshu Jain has voiced his support for German Chancellor Angela Merkel's austerity drive to tackle the euro zone debt ...
articles.economictimes.indiatimes.com/.../32215856_1_euro-z...
Osborne says Euro zone crisis 'killing' UK recovery: Report ...
LONDON: The euro zone debt crisis is "killing off" Britain's fragile economic recovery and European leaders are close to the "moment of truth" after more than two ...
articles.economictimes.indiatimes.com/.../32156110_1_euro-z...
Satyajit Das: The Euro-Zone Debt Crisis – It's Now ABOUT Germany ...
Satyajit Das: The Euro-Zone Debt Crisis – It's Now ABOUT Germany NOT UP TO Germany! ...German banks and financial institutions helped finance the growth.
www.nakedcapitalism.com/.../satyajit-das-the-euro-zone-debt-...
Bold And Innovative Solutions To The Eurozone Debt Crisis ...
The other two countries facing a major debt crisis in the Euro equation are Spain ... In the European countries that aren't in a financial crisis, the Eurozone could ...
seekingalpha.com/.../660471-bold-and-innovative-solutions-to...
Global News | Q&A: Will the Euro zone financial crisis get worse, or ...
Q&A: Will the Euro zone financial crisis get worse, or reach Canada? ... just a few years ago only to see it become the hot spot in the eurozone debt crisis.
www.globalnews.ca/qa/6442658842/story.html
Debt crisis: Eurozone finance ministers to discuss ... - Yupibar.com
Debt crisis: Eurozone finance ministers to discuss Spain request for bank bailout ... “There is a need to ensure that the euro-area is properly ringfenced and ...
www.yupibar.com/.../debt-crisis-eurozone-finance-ministers-to...
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