Ireland, Portugal, Spain, Italy, Greece, News, Jan 14, 2011

Euro's Spanish Showdown Needs Some 'Shock and Awe': Eric Chaney BusinessWeek Greece, Ireland and soon Portugal should be regarded as skirmishes. But Spain is different, in terms of scale and solvency. If the strategy implemented by ... See all stories on this topic »
European Sovereign Debt: Where is the Exposure? Action Forex Although we are not arguing that restructuring of government debt in Greece, Ireland, Portugal, Spain and Italy, hereafter referred to as the European ... See all stories on this topic »
Italy's Tremonti: No Fear Of Market Jitters In Case of Early Vote Wall Street Journal Italy's public debt amounts to almost 120% of gross domestic product and in absolute terms is far larger than the amount held by Ireland, Portugal or Spain. ... See all stories on this topic »
EUR/USD Hits 8-Week High at 1.35, Can Euro Extend its Relief Rally? International Business Times Last week, both Portugal and Spain (and even Italy) had government debt auctions that went smoothly enough for the market. Today's Portugal auction. 4. ... See all stories on this topic »
Eurozone CDS spreads continue downward trajectory Risk.net Spain and Italy also enjoyed successful debt auctions. Spain's CDS spreads have experienced a similarly significant decline since January 10, ... See all stories on this topic »
Eurocracy too slow in a crisis The Australian The flames that consumed Greek sovereign debt have already burned through Ireland and are licking at the gates of Portugal. Only disciples of Rosy Scenario ... See all stories on this topic »
Jobs undermine U.S. optimism Castanet.net Tensions in European credit markets eased after successful bond auctions in Portugal, Spain and Italy and pledges of support from China and Japan. ... See all stories on this topic »
Weber Emerges as Banker to Beat at ECB After Trichet Bloomberg France would need one other “large” country -- Italy or Spain -- to marshal enough votes for a veto. Even if Sarkozy backs Weber, Italy and Spain together ... See all stories on this topic »
EU Seeks Stronger Safety Net as AAA Nations Mull Cost Bloomberg A strengthening euro, signs of economic buoyancy and successful bond auctions in Portugal, Spain and Italy bought time for European governments to weigh how ... See all stories on this topic »
Belgium raises just 3 bln with 10-yr bonds Forex Pros EU finance ministers discussed the possibility of enlarging the euro zone bailout fund, from which Ireland has already drawn, but delayed taking any ... See all stories on this topic »   European Sovereign Debt: Where is the Exposure? | forex info By Fundamental Although we are not arguing that restructuring of government debt in Greece, Ireland, Portugal, Spain and Italy, hereafter referred to as the European periphery, is necessarily inevitable, we try to analyze who would bear the losses ... The European sovereign debt crisis burst on to the scene last year when investor reluctance to continue buying Greek government debt forced the European Union (EU) to provide a financial rescue package to the Hellenic Republic in May 2010. ... forex info - http://forexguwe.com/ The End Game for the Euro: German Rules and Bondholder Revolts ... By mblyth There are four ways to deal with a financial crisis: devalue, default, inflate, or deflate. For any country in the Eurozone who transferred private debt from the banking sector to their public balance sheets, and thus blew a hole in their debts and ... “Spain/Portugal/Italy/France is just another Greece/Ireland Waiting to Happen …” The joke doing the rounds a year ago was, “what's the difference between Ireland and Iceland?” The answer was, “one letter and six months. ... Crooked Timber - http://crookedtimber.org/ Fitch: Euro Governments Borrowing To Decline by 9% in 2011 « The ... By econotwist Although the marginal cost of funding increased for 'peripheral' euro area governments (Greece, Ireland, Italy, Portugal and Spain), yields declined for the EU15 as a whole, on an annual average y-o-y basis, to 3.5% in 2010 from 3.7% in 2009. ... (Note: Fitch defines gross borrowing as net borrowing plus redemptions on medium and long-term debt plus the stock of short-term debt at the end of the previous year, which will need to be rolled over at least once during the ... The Swapper - http://thewapper.wordpress.com/ Weber Emerges as Banker to Beat at ECB After Trichet | Bootcamp ... By Volatility Vixen Already unfolding behind the scenes, the campaign for ECB president runs in parallel with efforts to contain the debt crisis that last year forced EU-led emergency lending of 178 billion euros ($238 billion) for Greece and Ireland. ... France would need one other “large” country — Italy or Spain — to marshal enough votes for a veto. Even if Sarkozy backs Weber, Italy and Spain together could reject him. The only declared candidate for the top post is Bank of Italy ... Bootcamp Bloggers - http://www.bootcampbloggers.com/ World United News: Recession looms for Europe in 2011: UN By Stewart The euro zone, comprised of 16 European Union member states, plunged into its first period of recession in the third quarter of 2008, following the global financial meltdown that broke out in early 2007. ... Meanwhile, the UN portrayed a grim economic outlook for euro zone's debt-laden countries in 2011, saying " countries entrenched in fiscal crises, such as Greece, Ireland, Portugal and Spain... will either remain in recession or see minimal recovery at best," The Wall ... World United News - http://worldunited-stewart.blogspot.com/ Sound Of Cannons: This Crisis Is Contrived............ By Pillar Of Autumn Debt Bondage From The Economic Treason of Banks Jan 18, 2011. 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. ... 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 Italy, and Belgium. ... Sound Of Cannons - http://soundofcannons.blogspot.com/ The Greek Debt Crisis: A Must-Read for Forex Traders! | Athens Times By A.I. These major European nations, which compose the odious acronym PIIGS (Portugal, Ireland, Italy, Greece, and Spain), all received their fair share of economic worries following the sudden panic fueled by Greece's debt crisis, but were affected ... Since formation over 4 years ago, FOREXYARD has utilized the experience of professional forex traders, as well as internet and financial sector specialists, in order to successfully establish itself as one of the premier online ... Athens Times - http://www.athens-times.com/ EUR/USD Hits 8-Week High at 1.35, Can Euro Extend its Relief Rally ... By Nick Nasad Greek CDS spreads choppy on restructuring reports - The German and Greek finance ministries on Wednesday denied a report in the German weekly newspaper Die Zeit that the German government was weighing a plan that would allow Greece to ... Last week, both Portugal and Spain (and even Italy) had government debt auctions that went smoothly enough for the market. Today's Portugal auction. 4. The ECB was seen buying up Portuguese and Irish debt at the start of this rally ... FXTimes - Forex News, Commentaries,... - http://www.fxtimes.com/ Stratfor's Annual Global Forecast for 2011 - Forecasts & Trends ... By Gary D. Halbert Without credible reform in lending practices, continued high levels of lending in China will increase systemic financial risks as companies take out new loans to roll over bad debt and invest in inefficient or speculative projects, while adding to ... However, Greece and Ireland are both already under EU bailout mechanisms. Other states may see changes in government (Spain, Portugal and Italy being prime candidates), but leadership change will not mean policy change . ... Forecasts & Trends - http://www.investorsinsight.com/blogs/forecasts_trends/default.aspx Out of the Euro By Rudo de Ruijter It is not an accident that Greece, Portugal, Spain and Ireland are most severely hit today. Economically these countries can't be compared with countries like Germany! When a crisis strikes the euro area it's immediately apparent that ..... In a large heterogeneous area like the euro zone, countries will never be hurt equally by big shocks like the financial crises or others. It will be impossible for the ECB to react to such shocks by setting an interest rate that would ... Wall Street Pit - http://wallstreetpit.com/ Crude Fireworks | zero hedge By Tyler Durden More like desperation trying to prevent collapse of EUR! Did you see the news that Ireland printed EUR worth around 25% of its GDP? If Portugal, Spain, Italy, and Greece notice this trick then the EUR is finished. Login or register to post comments ... I get it now, Ireland created debt free money. All Central Banks worse nightmare. I new that was an important development but until now I didn't quit grasp it. It's starting to look like 2011's going to be one wild year. ... zero hedge - on a long enough... - http://www.zerohedge.com/fullrss2.xml Why Europe's periphery should restructure their bonds | Analysis ... By Felix Salmon The FT article El-Erian links to quotes all manner of other private-sector actors, including Citigroup chief economist Willem Buiter, saying that there will inevitably be several euro area sovereign debt restructurings over the next few years. .... Greece, Ireland and Portugal in particular need several years of cutbacks, a rebalancing of their public / private sector economies and a return to a standard of living that is affordable and sustainable. ... Felix Salmon - http://blogs.reuters.com/felix-salmon/ The Euro-Default Drumbeat Loudens : CJR The FT article El-Erian links to quotes all manner of other private-sector actors, including Citigroup chief economist Willem Buiter, saying that there will inevitably be several euro area sovereign debt restructurings over the next few years. ... But that only happens when you have strong growth—share-price growth in the case of AIG, with lots of expected future profitability, or economic growth in the case of countries like Greece, Portugal, and Ireland. ... CJR - http://www.cjr.org/page_views/out_of_africa.php THE RUNNING OF THE BULLS | The Big Picture By Barry Ritholtz Ireland's GDP is 12.8% lower than at the end of 2007 and has yet to reverse higher. Greece and Ireland required a bailout orchestrated by the ECB, when the cost to issue new debt reached unsustainable levels. Portugal is now facing a similar ... Unless the ECB is willing to take bold action, the credit crisis in Europe will spread to Portugal and Spain, and possibly Italy. The stress test on European banks allowed for a high degree of flexibility in how the banks valued ... The Big Picture - http://www.ritholtz.com/blog/ The Irish Economy » Blog Archive » Citoyen Sarkozy et ses amis ... By Brendan Walsh My understanding is that with one percent or so of the EU economy, Ireland was attracting around 20% of American FDI. (Prior to the deep recession and global financial crisis). If Ireland was attracting such a large portion of FDI .... But Greece is a seriously dodgy sovereign with a few banks bolted on; Ireland is an excessively large, dodgy banking system with a generally viable sovereign bolted on. Portugal and Spain fall somewhere between the two - with Italy and ... The Irish Economy - http://www.irisheconomy.ie/ Mitsubishi i-MiEV available in 15 European countries; more coming ... By Eric Loveday *1: Austria, Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, United Kingdom. *2: This number includes Peugeot iOn and Citroën C-ZERO. Filed under: EV/Plug-in, ... Autoblog Green - http://green.autoblog.com/2007/06/04/the-loremo-never-before-has-something-german-sipped-so-little/2 Euro zone escalation fears ease after Spain auction | Forex Tools Asia By Forex-Tools A day after Portugal surprised many in financial markets by selling 10-year bonds relatively easily, Spain sold 5-year debt in the first tests of the year for the countries seen most at risk of joining Greece and Ireland in accepting ... level in a week and the risk premium investors demand to hold the debt of Spain, Portugal and Italy instead of Germany fell, in a sign markets are growing more bullish about the bloc's ability to address its economic and financial woes . ... Forex Tools Asia - http://forex-tools.asia/ ECB succession | brussels blog | News on the European Union from ... By Stanley Pignal Brussels blog from the Financial Times covering the EU's foreign and economic policies and news on the European Commission and European parliament. ... The five remaining directors at the ECB hail from France, Germany, Spain, Portugal and Italy – surely another edge for Ms Kohutikova, hailing from a region where the euro is but a distant prospect for some. Both have resumes to match the job. ... brussels blog - http://blogs.ft.com/brusselsblog/ Silver Bar Shortages to Lead to Price “Tipping Point”? by Mark O'Byrne By Mark OByrne Germany's Ex Oriente Lux AG, which says it was the first to install a gold- vending machine, operates 11 machines domestically and five abroad, including in Spain and Italy. TG- Gold-Super-Markt in June 2009 installed its first gold bar ... 14 cut its assessment for Greece to below investment grade of BB+ as European finance ministers meet this week to discuss the euro-area debt crisis. The rupee declined to the lowest level in almost a week. “Traders bought gold late ... 24hGold.com RSS Feed - 24hGold... - http://www.24hgold.com/ Today's Headlines By Gary EU Pledges Tougher Stress Tests, Seeks Bonus Curbs. Europe's next wave of bank stress tests will be tougher than exams last year, taking sovereign- debt risk and liquidity into account, the region's financial- services chief said. .... since the introduction of European Monetary Union in 1999, citing a poll that Allianz SE conducted. The purchasing power of one euro fell to about 82 cents in Germany, slightly below 81 cents in France, 76 cents in Italy and 71 cents in Spain. BETWEEN THE HEDGES - http://hedgefundmgr.blogspot.com/ The Balkanization of the European Union a Blessing in Disguise ... By kotzabasis Banks and financial institutions are exposed to the sovereign-debt of Greece, Ireland, Portugal, and Spain and to a cascade of government deficits, 14.3 per cent of GDP in Ireland, 12.6 per cent in the UK, 11.2 per cent in Spain, ... In Italy, Berlusconi's anti-European coalition partners are considering a contingency plan to pull out of the Euro zone and re-establish their own currency, the lira. “Nor would it be a real solution for the EU to amend its basic treaties to ... DARING THOUGHTS - http://kotzabasis3.wordpress.com/ Irish PM Brian Cowen | Michael Martin | Ireland Economy Bailout By Conor O'Clery Widely blamed for Ireland's debt crisis and for creating the conditions leading to the International Monetary Fund (IMF) and EU bailout late last year, Cowen has seen Fianna Fail's approval ratings slump to 14 percent, its lowest standing in its 84-year history. .... Opinion: Eurozone crisis will bring down governments. Leaders of Ireland, Portugal, Spain and Italy will be clinging to power in 2011. Michael Moran | GlobalPost. Coptic church of Saint Mary and Saint Mark ... GlobalPost - http://www.globalpost.com/ Sovereign default remains top 2011 risk for WEF « Follow The Money By seeker401 “The response to the financial crisis has drained national treasuries and drained household incomes, but the underlying risks still remain.” Debt was also highlighted as a top threat in the WEF report last year, and Greece's meltdown ... Since last January, the euro zone's crisis has spread to Ireland, which has also been bailed out, and now threatens to engulf Portugal and possibly Spain — the euro zone's fourth largest economy — as investors worry about governments' ... Follow The Money - http://seeker401.wordpress.com/ Cevian Capital II Ranks High on 2010 Returns By Simon Kerr That is Portugal, Italy, Greece, and Spain. These countries are over-levered. They have big deficits. They're not easy to run politically. Having said that, the most difficult countries -- Greece, Portugal and Ireland -- only account for .... There's been a concentration on bank debt in Europe, as opposed to corporate fixed income. So there's not enough in play in the distressed and high yield and corporate bond markets. Does that make it difficult for an activist to get ... Simon Kerr's Hedge Fund Blog - http://simonkerrhfblog.blogspot.com/ 2011: The Year For Cautious Optimism? « naked capitalism By Edward Harrison The concept that the structural problems of excessive household indebtedness and an over-reliance on financial services and housing can be solved by money printing and fiscal stimulus leaves me cold. My thesis is that these remedies .... The problem I have with the recent history of growth in the United States, the United Kingdom, Spain and Ireland in particular is that the growth was underpinned by high debt accumulation and low savings. As debt is a mechanism through ... naked capitalism - http://www.nakedcapitalism.com/ BEAUTIFUL LIFE: The End of the Dollar System By Beaulife China now directly holds over $900 billion worth of eurozone national debt. In Greece, China is investing billions more as it attempts to build the Mediterranean port city of Piraeus into the “Rotterdam of the south,” and create a ... quickly followed suit, announcing that it will move full force into the eurozone. It will open its first-ever branches in France, Spain, Italy, Belgium and the Netherlands. It has already opened offices in Frankfurt and Luxembourg. ... BEAUTIFUL LIFE - http://disappointinglybeautiful.blogspot.com/ Pipfactory fundi's By MPP Greece, Ireland, Belgium, Portugal, Spain and Italy are all suspected of being on the brink of a financial abyss and would certainly be in deep water without the funds and support that the EU and International Monetary Fund have put at ... Debt ratings, fears over the peripheral Eurozone states, pressure on the European Central Bank to tighten monetary policy and the disparity between outstanding German economic performance and the more laggardly performance of the rest ... Pipfactory fundi's - http://pipfactoryfundis.blogspot.com/ VerySmartInvesting: Stocks advance on earnings hopes By Avi New Year's Predictions And Why Bernanke Sports A Beard - Let's face it, European countries are bankrupt. First it was Greece and Ireland. Now it's Portugal. Pretty soon it'll be Spain and Italy. Politicians will ... Darwin's Finance ... VerySmartInvesting - http://verysmartinvesting.blogspot.com/ A € for your Thoughts(2): Joschka Fischer and Krugman | Place du ... By fmpdea The message from the markets was clear: investors don't expect Greece and Ireland to pay their debts in full. They are, in other words, expecting some kind of debt restructuring, like the restructuring that reduced Argentina's debt by ... In early December, Jean-Claude Juncker, the prime minister of Luxembourg, and Giulio Tremonti, Italy's finance minister, created a storm with a proposal to create “E-bonds,” which would be issued by a European debt agency at the behest ... Place du Luxembourg - http://placeduluxembourg.wordpress.com/ Forex: Weber Emerges as Banker to Beat at ECB After Trichet - Jan ... By noreply@blogger.com (UsahawanForex.com) Already unfolding behind the scenes, the campaign for ECB president runs in parallel with efforts to contain the debt crisis that last year forced EU-led emergency lending of 178 billion euros ($238 billion) for Greece and Ireland. .... France would need one other “large” country -- Italy or Spain -- to marshal enough votes for a veto. Even if Sarkozy backs Weber, Italy and Spain together could reject him. Draghi remains the only candidate being openly pushed. ... Forex - http://www.usahawanforex.com/ Euro rises against dollar after EU meeting | Europe News By News Master TOKYO: The euro was higher versus the dollar in Asian trade on Wednesday despite a lack of fresh support from European financial leaders for debt-burdened eurozone economies, dealers said. Europe News - http://www.europe-news.net/ Euro gains on optimism eurozone debt crisis would be tamed ... By FNN eurozone officials may announce new measures to contain the sovereign debt crisis.Eurogroup's president Jean-Claude Juncker said eurozone's finance ministers had discussed a European Commission proposal to increase the EFSF from about ... tutorialslk - http://www.web.tutorialslk.com/  And now for the inevitable: finance ministers to discuss raising ... The combined deficits of Greece, Italy, Spain, Portugal and Ireland will only be 5.3% ... The overall debt-to-GDP ratio is higher than that of the eurozone, ... www.eurointelligence.com/index.php?id=581&tx...Ten Reasons Why Bailouts Should Stop Before Reaching Spain / ISN The past year has plunged the Eurozone into crisis with many fearing for what 2011 has in ... while most Eurozone debt is held by Eurozone citizens and financial ... Neither Portugal nor Belgium and even less Spain have net debt levels as high ... of Spain, Italy, and France by buying their debt or extending loans. ... www.isn.ethz.ch/isn/layout/set/print/.../23626?... info@als-alexander.com or interalex1@yahoo.com

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