IRELAND, Portugal, Spain, Italy, Greece, News, Jan 18, 2011

Rescue fund sows discord among EU membersGlobe and Mail That's enough to rescue Ireland and Portugal, but might be insufficient to solve a debt crisis in Spain, the euro zone's fourth-largest economy. ... See all stories on this topic » Debt Bondage: The Economic Treason of BanksministryValues.com This policy, which we predicted 14 years ago, would be disastrous, was disastrous for Ireland, Greece, Portugal, Spain and Italy, and Belgium. ... See all stories on this topic » Iberdrola Hurt as Utilities Snared in Europe's AusterityBloomberg Default swaps on Portugal rose 14 basis points to 482, Greece increased 3 basis points to 912 and Italy climbed 5 basis points to 209, CMA prices show. ... See all stories on this topic » Default Swaps Outshine Bonds at Highlighting European Stress: Euro CreditBloomberg The sell-off of euro peripheral bonds accelerated in November when Ireland joined Greece in seeking a bailout. European finance chiefs started meeting ... See all stories on this topic » Thinking the UnthinkableOakshire Financial Italy, Spain, Belgium, and Portugal will need to raise over $800 billion this year to cover rollover debt and new borrowing. Add in Greece, Ireland, ... See all stories on this topic » ECB steps up bond purchases to help ailing euro membersMonsters and Critics.com The 17-member eurozone's geographical periphery includes nations such as Portugal and Spain, which have been battling to cut back high debt-and-deficit ... See all stories on this topic » Read This Post - MinyanvilleBy Satyajit Das In the first half 2010, the triggers were the large budget deficits and high debt levels of the "PIGS" (Portugal, Ireland, Greece, and Spain) or "PIIGS" ( including Italy). For Greece, a lethal cocktail of the need to finance maturing ... The European Union ("EU") responded ultimately with a variety of measures, including a euro 110 billion bailout for Greece and the euro 750 billion European Financial Stability Funds ("EFSF") designed to underwrite the liquidity of the ... Minyanville | Stock Market |... - http://m.minyanville.com/ Europe moves to raise bailout fund capacity | www.bullfax.comBy marketmaker The euro stabilized in markets on news of a European bailout for Greece. The historic deal shares eurozone loans with IMF funding and rewrote the rules to aid other troubled eurozone countries including Portugal, Spain and Ireland. ... with Portugal, Italy, Spain and Ireland all in the firing line. Eurozone agrees on bailout plan for Greece (AP). German Chancellor Angela Merkel praised a hard- won deal to rescue heavily indebted Greece from its financial woes, ... Bullfax.com - Market News & Analysis - http://www.bullfax.com/ “Debt Bondage From The Economic Treason of Banks” : Infowars IrelandBy Infowars Ireland Between now and the end of the year, most likely in the fall, we'll see major financial and economic problems in Greece, Ireland, Portugal, Belgium, Spain and Italy. Those events will sorely test Germany, France, Holland and Austria. ... They should also leave the EU. They should also end fractional reserve banking, which would allow government to issue debt free, interest free money with gold backing. They should kick Royal Dutch Shell out of the Irish offshore gas ... Infowars Ireland - http://info-wars.org/ Activist Post: Debt Bondage From The Economic Treason of BanksBy Activist Between now and the end of the year, most likely in the fall, we'll see major financial and economic problems in Greece, Ireland, Portugal, Belgium, Spain and Italy. Those events will sorely test Germany, France, Holland and Austria. ... Like other members of the Euro zone, Ireland discovered they could borrow cheaply under one interest rate fits all. This policy, which we predicted 14 years ago, would be disastrous, was disastrous for Ireland, Greece, Portugal, Spain and ... Activist Post - http://www.activistpost.com/ Khaleej Times Online - Euro crisis fund dispute heats up... used so far to rescue Ireland from a banking catastrophe in November. But analysts have warned the funds would be too small if bigger economies such as Spain, Italy or Belgium need help amid fears Portugal could be next to tumble into the financial abyss, causing a domino effect. The safety net was created last year to protect the euro from market upheaval after Greece became the first eurozone country to be bailed out due to its huge public deficit and debt load. ... Khaleej Times : Business News - http://www.khaleejtimes.com/ Debt & Credit - Eurozone under warfare: Engdahl on Greece crisisBy admin Its the west that is in debt not the rest of the world. The rulers cannot let Greece go bust,because if the situation in Greece deteriorates further,Greece secedes of the EU and Portugal,Spain,Italy,Ireland,and the UK follow…… sooner or later…. EU is the true house of cards,and Greece and .... The Obama administration could be nearing the finish line for financial reform legislation that has . ... Debt & Credit - http://debtsandcredits.com/ Visualizing Contagion | zero hedgeBy Tyler Durden The European debt crisis has already spread like a virus from Greece to Ireland, and other countries are now at risk: Portugal, Spain, and Italy are probable candidates for financial problems. .... sovereign crises is being revealed and controlled is deliberate and stage crafted by the EU can make it appear more manageable than it really is. They couldn't have dispatched Ireland's sovereignty so easily if Spain, Portugal and Greece had to be dealt with at the same time. ... zero hedge - on a long enough... - http://www.zerohedge.com/ Reality check ahead for investors | Stuff.co.nzReality check one should be the EU finance ministers meeting. It follows a series of relatively successful bond auctions in Portugal, Spain and Italy that eased some concern about the ability of debt-strapped peripheral euro zone economies to finance ... This means that any rise in peripheral debt yields is not necessarily tied to fears of default in Greece, Ireland, Portugal and so on. It might just be linked to moves into riskier assets and away from bonds in general. ... Stuff.co.nz - Business - http://www.stuff.co.nz/business Debt Bondage From The Economic Treason of BanksBy st0ckman Between now and the end of the year, most likely in the fall, we’ll see major financial and economic problems in Greece, Ireland, Portugal, Belgium, Spain and Italy. Those events will sorely test Germany, France, Holland and Austria. ... The only thing left for Ireland to do is to default and leave the euro returning to the Irish punt. They should also leave the EU. They should also end fractional reserve banking, which would allow government to issue debt free, ... The Stockman - http://st0ckman.blogspot.com/ Weekly market review for Jan 17 - 21By admin The benchmark Stoxx Europe 600 Index gained 1 percent last week as Portugal, Spain and Italy completed debt sales. The gauge rallied 8.6 percent in 2010 as the European Union bailed out Greece and Ireland, companies reported increased profits and the Federal Reserve unveiled $600 billion of ... China has also voiced support for Europe, with Vice Premier Li Keqiang last week expressing confidence in Spain's financial markets and pledging to buy more of that country's debt. ... ForexPromos - http://www.forexpromos.com/ UK Bubble, UK Economy: Eurozone debt restructuring: What is to be ...By Alice Cook The Eurozone periphery - Greece, Ireland, Portugal, Spain, Italy and Belgium - are tottering on the brink. Their governments have accumulated too much debt, and their capacity to repay these debts is in doubt. What is to be done? ... The experience of wartime inflations and de facto defaults in the 20th century made the theme of responsible finance a crucial part of a new European consensus. A foundation of the European integration process was a recognition of the ... UK Bubble, UK Economy - http://ukhousebubble.blogspot.com/ Sonders: Further Fuel? | AdvisorAnalyst ViewsBy Liz Ann Sonders Last year saw bailouts of Greece and Ireland, and the current microscope is on Portugal. Meanwhile, yields on Spanish and Belgian debt are also spiking higher. European Debt Anxiety Elevates Yields Chart: European Debt Anxiety Elevates Yields ... Current bailout mechanisms are insufficient if contagion spreads to the larger economies and the government debt markets of Spain and Italy, and as more nations become unable to assist in bailouts due to bailouts of their own. ... AdvisorAnalyst Views - http://advisoranalyst.com/glablog/ ECB Allows Ireland To Counterfeit 51 Billion Euros « Finance BlogBy Insurance Let's solve the problem by letting Greece print Euros, Italy print Euros, Spain print Euros, Portugal print Euros, and Belgium print Euros. As long as you are counterfeiting, and as long as the ECB doesn't mind, why not have every country ... Ireland has no assets the EU will take as collateral, so the EU allows Ireland to place fictitious asset on the books and counterfeit 51 Billion Euros to give Irish Banks. No doubt the ECB will claim it's “temporary” as if temporary ... Finance Blog - http://www.neurosoftware.ro/finance/ Paradise International » Blog Archive » but everything is ok – don ...By floridagold The move – which means all three ratings agencies now rate Greek sovereign debt as junk – came amid signs of disagreement between Paris and Berlin over the financial support that should be provided to struggling eurozone members. ... available to eurozone countries because of a complex loan guarantee system, and there is concern that there would be insufficient financial firepower to bail out Portugal and Spain should they follow Ireland and possibly Greece in requiring ... Paradise International - http://ppinternational.goldtent.net/ Tuesday WatchBy Gary EU Seeks to Bolster Crisis Safety Net as AAA Nations Weigh Cost. Euro-area finance ministers pledged to strengthen the safety net for debt-strapped countries and indicated they don't face pressure for immediate moves to tame the fiscal ... A strengthening euro, signs of economic buoyancy and successful bond auctions in Portugal, Spain and Italy bought time for European governments to weigh how to stiffen the firewall against the year-old debt crisis that threatens to ... BETWEEN THE HEDGES - http://hedgefundmgr.blogspot.com/ Daily Digest 1/17 - Social Security Fraud, WikiLeaks gets Offshore ...By DailyDigest Greece, Portugal, Spain, and Ireland will stay trapped in structural depression through this year, and well into next, rotating from a liquidity crisis to a chronic political and social crisis that exposes the inability of elected governments ... As it is very unclear what will happen to the IMF/ECB rescue mechanism once the Irish election is held in March, with a material possibility that the whole plan will be unwound, leaving the country's financial system in the wind, ... Chris Martenson Blogs - http://www.chrismartenson.com/blog The Netherlands puts conditions on expanding EU bail-out fundBy admin The financial stability fund can borrow up to €440bn and is central to the € 750bn eurozone bail-out system. But in order to maintain a good credit rating, it can actually only lend countries around €250bn. Finance minister Jan Kees de ... Both Greece and Ireland have been bailed out during the debt crisis and there are worries Portugal and possibly Spain may also apply for emergency financing. But there are fears the fund needs more money because it will not be enough to ... Breaking News, Online News, Current News - http://www.canvasseopinion.com/ ANARCHOLIBERTARIANISMBy Dale The prospects for the euro just got bleaker, even though the mainstream financial press seems oblivious. Zero Hedge has an interesting analysis of Ireland's apparently unilateral decision to print 51 billion euro- around 25% of the Ireland's GDP- and give them to their banks to ... If they do so without repercussion, then I don't doubt Italy, Greece, Spain and Portugal will soon follow suit in a vain attempt to save their own ailing banks and underfunded governments. ... ANARCHOLIBERTARIANISM - http://dickfitz2.blogspot.com/ End of Euro? ... Ireland Prints Own NotesOne does not see EU members meeting to discuss the plight of the average worker under "austerity." No the preoccupation, beyond Europe, is protecting the banking system. AP reports that Germany's finance minister Wolfgang Schaeuble ... There is Portugal to consider and Spain as well. Pay the tab for the one and there will be nothing left for the other. It is certainly possible that the fund may be expanded, or otherwise made more utile, but will that be the end of it? ... The Daily Bell - www.TheDailyBell.com - http://www.thedailybell.com/ Deep Politics Monitor: End of Euro? ... Ireland Prints Own NotesBy webabuser One does not see EU members meeting to discuss the plight of the average worker under "austerity." No the preoccupation is protecting the banking system. AP reports that Germany's finance minister Wolfgang Schaeuble will allow the ... There is Portugal to consider and Spain as well. Pay the tab for the one and there will be nothing left for the other. It is certainly possible that the fund may be expanded, but will that be the end of it? France and Italy are two ... conspirosphere.tk - http://webabuser.blogspot.com/ The markets are demanding more accountability of national ...By Nathan H. Gray The “markets” attack on Greece and Ireland, have forced both these countries to accept economic bailout packages from the EU-IMF, and with it a series of strict austerity measures which restrict the spending of governments. ... This financial oversight of the financial decisions of sovereign states probably came about when these same sovereign states essentially nationalized failing banks that were “too big to fail”, and incorporated their debt and bad management ... Nathan H. Gray - http://nathanhgray.wordpress.com/ The euro area: Time for Plan BBy admin This mess leads to a depressing conclusion: Europe's bail-out strategy, designed to calm financial markets and place a firewall between the euro zone's periphery and its centre, is failing. ... that group should start with Greece and probably also include Portugal and Ireland. Spain has deep problems, but even with a big bank bail-out it should be able to keep its public debt at a sustainable level ( see article). Italy and Belgium have high debt levels but more ample ... News Run - http://newsrun.co.cc/ Daunting challenges face all world leaders in 2011 | Troy Media ...By Troy Media ... Representatives to ever more petulant and aggressive Republicans; the euro almost failed, as Greece, Ireland, Portugal and Spain faced insolvency; and an increasingly assertive China overtook Japan to become the world's second largest economy. ... All of them face the task of slashing budgets, reducing debt and re -cranking their economies while preventing beggar-thy-neighbour policies from disrupting the mutually beneficial interdependence of today's globalized world. ... Troy Media Corporation - http://www.troymedia.com/ With the Failure of Plan A, Europe Turns to Plan BBy Richard Spain is hanging on. This mess leads to a depressing conclusion: Europe's bail- out strategy, designed to calm financial markets and place a firewall between the euro zone's periphery and its centre, is failing. Investors are becoming more, ... According to recently published reports, the ECB holds almost 20% of the outstanding sovereign debt of Ireland, Greece and Portugal. The losses from any restructuring of this debt will probably require a recapitalization of the ECB. ... Trust Your Instincts - http://tyillc.blogspot.com/ The Investment Environment ¦ Lansdown Links MagazineBy admin The euro's decline has boosted German competitiveness: the country's production costs have not significantly increased and its exports out of the euro zone have become more attractive on the weakened currency. ... Furthermore, although the sovereign debt ratings of Portugal, Italy, Ireland, Greece and Spain have experienced some worrying downgrades, European companies continue to generate surprise earnings and most of the area's major indices have delivered healthy ... Lansdown Links Magazine - http://www.lansdownlinks.com/ EU Seeks to Bolster Crisis Safety Net as AAA Nations Weigh Cost ...By nakedtraderclan A strengthening euro, signs of economic buoyancy and successful bond auctions in Portugal, Spain and Italy bought time for European governments to weigh how to stiffen the firewall against the year-old debt crisis that threatens to undermine ... The ministers set no strict deadline to outline a package of measures amid concern that Greece and Ireland, recipients of 178 billion euros in European and International Monetary Fund loans last year, will struggle to revive their ... thetradingarcade.com - http://www.thetradingarcade.com/ Today: CALIFORNIA Debt NewsBy Interalex Tensions high over bailouts as eurozone summit begins - 17 JAN 2011 By Nikhil Kumar | Independent Europe's debt crisis will top the agenda when finance ministers from the 17 eurozone nations begin meeting in Br... 39 minutes ago. ... Today - http://interalex1.blogspot.com/ Spread Betting Commentary: EU Indices treading water on Martin ...There has been a degree of watchful hesitation in the markets today with investors monitoring closely any action on combating Europe's sovereign debt problems from a meeting of EU finance ministers. There had been a notable increase in ... United Kingdom - Latest News - http://www.prlog.org/uk/ Weather » Europe moves to raise bailout fund capacityBy admin BRUSSELS (AFP) – Europe strove to strech agreement Monday on boosting a ability of bailout appropriation for unwell eurozone states in sequence to ease marketplace fears that after Greece and Ireland, others competence need rescue. As eurozone financial ... Analysts have warned a account would be too tiny if bigger economies such as Spain, Italy or Belgium need assistance amid fears Portugal could be subsequent to decrease into a financial abyss, causing a domino effect. ... Weather - http://crazygreco.com/Weather/ Ghovexx TradingBy Ghovexx This limit means the safety net could struggle to cope with a bail-out of Spain, if it were to follow Ireland in seeking help, as some fear. Eurozone finance ministers pledged to speed up work on strengthening the emergency fund, ... But pressure to expand the EFSF has eased recently after Spain, Portugal and Italy last week held successful bond auctions, winning crucial breathing space. Wolfgang Schauble, the German finance minister, insisted at the outset of the meeting ... Ghovexx Trading - http://ghovexx.blogspot.com/ Economic Folk | Business News, Real Estate and Stock Market: Rise ...By Palapple team Today, Rifkin's ideal of a universalistic "European dream" is collapsing -- a process accelerated by the financial crisis -- as the continent is torn apart by deep-seated historical and cultural rifts. ... Southern Europe now constitutes a zone of lassitude that extends from Portugal and Spain through the south of France, Italy, the former Yugoslavia, Greece, and Bulgaria. The last European tribe includes the Slavic countries, centered by Russia but extending to parts of ... Economic Folk | Business News,... - http://economicfolk.blogspot.com/ EU Treasury Dept. to control our money? | Economics InformationBy admin European Parliament, Brussels – 8 October 2008: Nigel Farage MEP, President of the Independence/Democracy Group, speaks about the financial crisis and calls by extremists to transfer more powers to the EU centre in order to control member ... EU Member States: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, ... Economics Information - http://economicsinfo.cz.cc/ The euro area: Time for Plan B | The Economist On January 12th Portugal was forced to pay 6.7% for ten-year money—better ... to calm financial markets and place a firewall between the euro zone's ... Greece may have to halve its debt burden. Ireland's may need to be cut by ... The ECB and others should stand ready to defend Belgium, Italy and Spain if need be. ... www.economist.com/node/17902709

Eurozone finance ministers spar over continent's government debt ... Spain's economy makes up about 10 per cent of the eurozone economy, more than Greece, Ireland and Portugal combined. "It's about improving the efficiency of ... ca.finance.yahoo.com/.../Eurozone-finance-ministers-capress-...

Rescue fund sows discord among EU members - Economy - The Globe ... The finance ministers of the euro zone's biggest countries began work on Monday to ... That's enough to rescue Ireland and Portugal, but might be insufficient to solve a debt crisis in Spain, the euro zone's fourth-largest economy. ... The bailouts of Ireland and Greece were highly unpopular among German voters and ... m.theglobeandmail.com/report-on.../article1872542/?...

Euro zone divided on anti-crisis plan before meeting - Euro News The European Sovereign Debt crisis eased yesterday after Spain and Italy attracted ... such as Germany and weaker ones such as Greece, Ireland and Portugal, .... in Portugal, Spain and Italy have raised hopes that the region's financial ... www.bizifi.com/.../Euro-zone-divided-on-anticrisis-plan-befor...

Eurozone escalation fears ease after Spain auction - Business Recorder Today, Spain and Italy passed their first major financial tests of 2011, ... Following rescues of Greece and Ireland last year, Portugal and Spain are seen as ... the debt was bought by investors outside of Spain, a source told Reuters. ... www.brecorder.com/.../1143631:eurozone-escalation-fears-eas...

Pressure on Portugal rises amid debt fears - Markets news And like Portugal, Ireland at first denied that it needed help. ... percent of the eurozone economy, while Greece, Ireland and Portugal account for only ... All eyes would turn to next week's meeting of eurozone finance ministers in Brussels. The Spain and Italy debt auctions "will be a truer test of whether or not ... www.mail.com/.../119630-pressure-portugal-rises-amid-debt-f...

First 5bn of bailout drawn down - European Commission Gossip Italy, the euro zone's third largest economy and the world's third ... Madrid ( Reuters) - Spain followed Portugal with a successful Debt sale ... Investors worry that Portugal may have to follow Greece and Ireland in seeking a financial ... britneyspearswatcher.com/.../First-5bn-of-bailout-drawn-down...

caribbeanbusinesspr.com - Portugal, refusing bailout, faces key ... Portugal won't request any financial help for the simple reason that it doesn't need it. ... Portugal, like Greece and Ireland, represents only around 2 percent of ... Portugal, as it has supported Greece and Spain, by buying their debt. ... would be the third highest in the EU behind Greece and Italy, and Spain, ... www.caribbeanbusinesspr.com/news03.php?nt_id=52769...

UNBconnect... - Portugal, refusing bailout, faces key bond test Portugal won't request any financial help for the simple reason that ... A rescue for Spain, which is also deep in debt,would be many times larger. ... like Portugal, Ireland and Greece, on capital markets. ... of 98.6 percent of GDP in 2010 would be the third highest in the EU behind Greece and Italy, and Spain, ... www.unbconnect.com/component/news/task-show/id-39196