 ECB says debt crisis risks destabilising banks Reuters FRANKFURT, June 15 (Reuters) - The euro zone debt crisis risks sparking a destabilising chain reaction through the bloc's financial sector, the European Central Bank said on Wednesday. In its twice yearly Financial Stability Review, the ECB urged those ... See all stories on this topic » | ||
| Europe's debt crisis The Economist (blog) (Over the whole of the crisis, of course, this strategy has been a bit of a disappointment.) So where's this go-round's intervention? Well the trouble at the moment is that Europe's leaders can't agree on one. It has become clear that euro-zone ... See all stories on this topic » | ||
| In Debt Crisis, EU and Markets Stuck in a Dialogue of the Deaf New York Times To sanction another bailout, euro-zone nations need to get political approval back home. But voters in such countries as Germany, the Netherlands, Finland and Austria are increasingly hostile. Meanwhile, the frequent ministerial meetings give the media ... See all stories on this topic » | ||
| Stocks slump as Greek crisis turns violent Forbes By late afternoon London time, the euro was down 0.9 percent at $1.43. As well as Greece's debt crisis, investors have recently been spooked by a run of soft economic data, which have raised concerns that the global economic recovery is slowing down ... See all stories on this topic » | ||
| Brazil Currency Market Weakens Amid Latest Europe Debt Fears Wall Street Journal By Jeff Fick RIO DE JANEIRO (Dow Jones)--Brazil's currency market traded weaker at the open Wednesday amid renewed concerns about the ongoing debt crisis in the European Union. The US dollar rallied against global currencies after euro-zone officials ... See all stories on this topic » | ||
| CANADA STOCKS-TSX may open lower, weighed by euro zone debt woes Reuters Africa June 15 (Reuters) - Toronto's resource-heavy main stock index looked set to open lower on Wednesday, as the latest turn in Europe's ongoing debt crisis helped send commodity prices lower.Euro zone finance ministers failed to agree how to make private ... See all stories on this topic » | ||
| TREASURIES-Bonds surge as data, Greek woes drive safety bid Reuters In news that further drove a safety bid for US government bonds, euro zone ministers failed to reach agreement on how to tackle the Greek debt crisis, while Moody's threatened to downgrade French banks based on their large Greek debt holdings. ... See all stories on this topic » | ||
| Gold May Gain for Second Day on Greek Debt Crisis, Faster Global Inflation Bloomberg “Concerns over the euro-zone debt situation and global inflation have reemerged,” Marc Ground, an analyst at Standard Bank Plc, said in a note. An increased likelihood of default in Greece “raised anxiety in markets, enhancing the safe-haven appeal of ... See all stories on this topic » | ||
| FTSE down as financials blunted by regulatory worries Reuters "If the idea works, it would make the whole sector more resilient in a crisis, and a more investable proposition for equity investors." Uncertainty over Europe's debt crisis also weighed on the banking sector after euro zone ministers failed on Tuesday ... See all stories on this topic » | ||
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| Peso weakens further as EU crisis drags on BusinessWorld Online THE PESO slid against the dollar for the fourth consecutive trading day yesterday as investors continued to be risk averse due to the unresolved debt crisis in the euro zone. The peso dropped another six centavos yesterday to close at P43.42 per dollar ... See all stories on this topic » | ||
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| Asia stocks mixed as Greek debt fears weigh; Nikkei up 0.3% Business Insider Euro zone finance ministers failed to reach an agreement on a second Greek bailout plan on Tuesday, adding to investors' nervousness over the country's debt crisis. Meanwhile, shares in Japanese exporters performed strongly after official data showed ... See all stories on this topic » | ||
| Societe Generale CEO: Greek Restructure Would Be Issue For Europe, Not Banks Wall Street Journal Bank of France governor Christian Noyer said earlier Thursday that European governments need to find a solution to Greece's debt crisis that avoids even a partial default, rejecting calls for Greek sovereign bondholders to share part of the cost of ... See all stories on this topic » | ||
| Europe Factors-Shares seen edging lower on Greece concerns Reuters "Traders are likely to be cautious on the open as the inability of the European economic ministers to bring the Greek debt crisis to a conclusive end still leaves a default possible," said Jonathan Sudaria, dealer at Capital Spreads. ... See all stories on this topic » | ||
| NYMEX-Crude slips on dollar rise, demand concern Reuters The euro fell one percent against the dollar after euro zone ministers failed to reach agreement on how to tackle the Greek debt crisis and Moody's threatened large French banks with possible downgrades. [USD/] The dollar index . ... See all stories on this topic » | ||
| European investors fear interest rate risk-study Reuters The euro has proved resilient to the lingering euro zone debt crisis, finding support from expectations the European Central Bank will hike rates in July. Scandinavian respondents, however, proved the most sceptical. More than 80 percent of Danish ... See all stories on this topic » | ||
| Gold rises as other raw materials slide Financial Times By Jack Farchy Gold regained some poise on Wednesday while other commodities tumbled as theeurozone debt crisis returned to the forefront of traders' minds. The traditional haven in times of economic turmoil was closing in on its all-time peak in euro ... See all stories on this topic » | ||
| ECB's Papadia: Bond Market Support Should Stop Wall Street Journal The ECB has bought both covered bonds--a form of bank debt--and sovereign bonds to help ease the impact of the credit crunch and, later, of the sovereign debt crisis. Banks from the euro-zone's so-called peripheral countries would struggle to issue ... See all stories on this topic » | ||
| Asia Closes Lower on Greek Debt Worries, Inflation Woes Morningstar.com Fashion apparel retailer Esprit Holdings, which gets most of its revenue from Europe, saw its shares fall 5.4% on concerns the euro-zone debt crisis could cripple its operations there. Property developers declined after Standard & Poor's cut its ... See all stories on this topic » | ||
| EU Morning Report- The euro remains under pressure on higher risk aversion International Business Times By Markos Solomou | June 15, 2011 8:01 AM GMT The euro fell broadly weighed by Greek debt restructuring fears. Uncertainty over Greece's debt crisis deepened after IMF chief Dominique-Strauss Kahn was arrested on sexual assault charges. ... See all stories on this topic » | ||
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| Yields fall in Portugal T-bill auction, 1 bln eur sold-UPDATE 1 Forexyard LISBON, June 15 (Reuters) - Portugal sold all 1 billion euros ($1.44 billion) offered at a sale of three- and six-month T-bills on Wednesday, with yields dipping but staying high as investors spooked byEurope's debt crisis continued to demand high ... See all stories on this topic » | ||
| Poland aims to take advantage of six months in the spotlight PublicServiceEurope.com It has faced challenges beyond its control – the influx of migrants in the wake of the Arab Spring and the ongoing sovereign debt crisis throughout the eurozone – but also controversies of its own making, including disputes over its controversial ... See all stories on this topic » | ||
| Financial stocks drop as economic worries deepen Forbes AP , 06.15.11, 02:56 PM EDT Financial stocks ranging from the biggest US banks to credit ratings agency Moody's Corp. dropped more sharply than the broader market on Wednesday, hammered by growing investor unease about Greece's debt crisis and another ... See all stories on this topic » | ||
| Fixing Problem Economies Is Like Wrestling a Balloon Wall Street Journal Euro-zone politicians similarly seem unaware that bank funding costs are the principal transmission mechanism by which euro-crisis contagion is spread. Meanwhile Europe's Solvency 2 insurance reforms will make it more expensive for insurers to buy bank ... See all stories on this topic » | ||
| Europe – Till Death Do Us Apart? EconoMonitor (blog) We ran through a laundry list of options for the Eurozone and all of them looked practically daunting. The ECB can continue to fund the crisis countries by printing Euro. It would get the ECB in conflict with the (true but unstated) agenda of the ... See all stories on this topic » | ||
| A Post-Crisis World of Risk Project Syndicate Many of these structural problems were hidden from view before the crisis, thereby delaying both market and policy responses. In the US, excess domestic consumption, based on a debt-fueled asset bubble, helped to sustain employment and growth, ... See all stories on this topic » | ||
| Equity investment changes direction again Business Insider With the sovereign debt crisis still dogging Europe, however, emerging markets are starting to get fresh capital again. Arbuthnott will be one of the session leaders at the IR Magazine Euro Leaders Think Tank on June 30, 2011, an invitation-only event ... See all stories on this topic » | ||
| European Industrial Output Unexpectedly Rose on Durable Goods Bloomberg “We are still nowhere near finding an end solution to the euro zone debt crisis,” said Alan McQuaid, chief economist at Bloxham Stockbrokers in Dublin. “We won't find one either as long as policy makers busy themselves building firewalls within the ... See all stories on this topic » | ||
| The Sideways Economy: Five Ways the Recovery Could Implode TIME (blog) The shortfall on state promises to retirees, according to the Pew Center on the States, totals $1.26 trillion, more than twice the debt load of crisis-torn Greece. Meanwhile, the White House's $819 billion economic stimulus for states and cities is ... See all stories on this topic » | ||
| Swiss Market Showing Mild Losses RTT News ... early trading however, amid worries about the debt crisis in Europe. Euro finance ministers met on Tuesday evening without reaching a result. This underlined the difficulty in figuring out a solution to the debt situation facing the euro-zone. ... See all stories on this topic » | ||
| Greek Prime Minister George Papandreou Offers To Step Down In Favor Of ... Huffington Post Obviously these measures are not going to get us out of the crisis," Antony Vatselas, a 28-year-old mechanical engineer, crying from tear gas. "They want only us to pay for it. And they are doing nothing. I want the debt to be erased. ... See all stories on this topic » | ||
| Spain c.bank concerned over govt growth, budget goals-UPDATE 1 Forexyard The euro zone debt crisis has inflated premiums investors demand to hold Spanish debt to decade-long highs and continuing uncertainty, currently over new bailout plans for Greece, have kept premiums high. "It's been a year since the new phase of the ... See all stories on this topic » | ||
| Stg drops to near 3-wk low vs dlr, may extend losses Reuters UK It gained against the bruised euro, with the euro down 0.3 percent at 87.92 pence, not far from a two-week low of 87.74 pence. The single currency was hampered by concerns over the health of theeuro zone banking system and the Greek debt crisis after ... See all stories on this topic » | ||
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| Fears of rate hike spook bourses Deccan Herald While construction stocks fell, IT stocks also declined on recent weak US economic data and on continuing sovereign debt crisis in Europe considering US and Europe are the two key markets for Indian IT firms. On Wednesday, BSE Sensex lost 176 points or ... See all stories on this topic » | ||
| Greece, Ireland Can't Default Like Iceland Bloomberg “2009 was a defining year for how the crisis developed. The euro-zone countries took a step in the wrong direction by loosening their fiscal policies. Iceland didn't do that because its only option was to tighten fiscal policies. ... See all stories on this topic » | ||
| LME METALS-Factors to watch on June 15 Reuters Africa The euro came under pressure in Asia on Wednesday as worry about euro zone debt intensified after EU ministers failed to seal a deal on Greece, prompting a move away from riskier assets which helped gold extend gains. [MKTS/GLOB] * The euro fell as ... See all stories on this topic » | ||
| ECB's Wellink wants majority support for bailouts - media Forexyard The eurosceptic Finnish political party, True Finns, dropped out of government talks last month after refusing to support aid to debt-laden euro zone members. "In a crisis, politicians and countries fall back on defending naked self-interest. ... See all stories on this topic » | ||
| The hopeless charm of solitude Kathimerini ... debt problem. Not because they feel sorry for us but because they fear us. “Through the global financial and economic crisis, we've seen how interdependent we are”, Merkel told a joint news conference with Obama. “And the stability of the euro zone ... See all stories on this topic » | ||
| Stocks Tumble on Greece Fears; Pandora Surges (AAPL, BAC, HD, JNJ, NOK, P, PFE ... TradersHuddle.com European markets closed lower on overall euro zone debt crisis concern. Officials have not been able to reach an agreement on how private holders of Greek debt should share the costs on the second Greek bailout and Moody's placed France's top banks BNP ... See all stories on this topic » |
| Contagion Risk Increases – Euro Falls As Moody's May Cut Rating On ... By Daniel We Know What The Public Wants — News — And Will Work Tirelessly To Deliver It From Hundreds Of Sources 24 Hours A Day. ... European stock markets are also weaker due to serious divisions in Greece and in the EU as to how to resolve the Eurozone debt crisis and prevent contagion. Moody's has placed three large French banks on negative review based on their exposure to Greece. The problem looks increasingly intractable meaning that contagion appears more likely every day. ... InvestmentWatch |
| There Will Be Blood In Eurozone - Also sprach Analyst By Zarathustra Greece has a solvency issue given its current debt overhang and the euro zone officials are treating this as a liquidity issue in providing a never-ending stream of bailouts and that's not the answer. ...the idea of imposing significant losses on senior bondholders of Anglo Irish Bank and Irish Nationwide Building Society according to RTE news. Ireland has turned a banking crisis into a sovereign debt crisis by bailing out failed banks and keeping them afloat. ... Also sprach Analyst |
| Buy Euro, Sell Swiss Franc: Contrarian Analyst | Forex Signals ... “We could see a final push lower for the euro against the Swiss Franc but if the EU can outline a credible, structured road forward on the euro zone debt crisis the euro could trade at 1.40 versus the Franc by the end of the next year,” ... Forex Signals, Currency Trading,... |
| The Greek Restructuring Debate « naked capitalism By Edward Harrison However, national central banks do face a potential loss of capital based on their share of ECB capital and this creates a conflict of interest that makes the euro zone sovereign debt crisis even more tricky. Europe needs to make a ... naked capitalism |
| Europe's debt crisis: A euro-zone straitjacket? | The Economist BBC News - Greek debt fears put French bank ratings on… - 44 Tweets ... politico4you says:Europe's debt crisis: A euro-zone straitjacket? ... finance.tweetmeme.com/.../europes-debt-crisis-a-euro-zone-str... |
| EU struggles to find a solution to the eurozone debt crisis - The ... When will the eurozone debt crisis end and how will we know it?” ... News. Opinion. Taiwan Living. Learn English. The China Post ... account for just 6 percent of the eurozone's economy and only Greece threatens to implode imminently. ... www.chinapost.com.tw/commentary/.../EU-struggles.htm |
| Merkel Warns Against Inaction in Debt Crisis | Europe Top News Related News: Croatia Poised to Conclude EU Entry Talks as Monit... Euro Nations Divided ...European financiers worry about euro zone contagio. ... Toppic " Merkel Warns Against Inaction inDebt Crisis" Posted by admin on Jun 11 2011. ... europetopnews.com/.../merkel-warns-against-inaction-in-debt-... |
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