Today: EUROZONE Debt Crisis News, Feb 24, 2011

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Feb 24, 2011

EUROZONE Debt Crisis News, Feb 24, 2011

EU Official Blasts Crisis Response
Wall Street Journal
The remarks hint at broader dissent within the commission, the EU's executive arm, as it attempts to shape the debate on a package of economic reforms that the EU hopes will solve the euro-zone debt crisis and prevent future crises. ...
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Berlin reinforces stance on eurozone rescues
Financial Times
The proposals do not immediately refer to operations of the €440bn ($687bn) European Financial Stability Facility – the temporary eurozone bail-out fund used to help Ireland with its debt crisis. But Germany is likely to insist any restrictions imposed ...
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European economic confidence up again
Bloomberg
By AP LONDON (AP) — The European Commission has found that confidence over Europe's economic recovery improved further in February, in another sign that the impact from the government debt crisis has abated, for now at least. The EU's executive branch ...
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Irish voters set to oust government over crisis
Ahram Online
Irish voters are set to turf out the government in elections Friday, as anger over the economic crisis and an onerous bailout make Dublin the first administration to be felled by the EU debt crisis. The Fianna Fail party of Prime Minister Brian Cowen, ...
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CORRECT: Trichet: Confident EU Parliament Pushes For Right Governance Reform
Wall Street Journal
... with the euro zone's 17 governments over their failure to reach agreement over fiscal compliance, competitive reforms and sturdier financial structures. Such reforms are necessary to avoid pitching the currency bloc back into the debt crisis that a ...
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DEEP IN DEBT
Calcutta Telegraph
Spain, the fifth-largest economy of Europe, is on the edge of a debt crisis. The country was one of the most enthusiastic adopters of the euro in 1999, and since then it has enjoyed continuous prosperity till the September 2008 crisis. ...
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Euro, Pound Descend on Greenback
TheStreet.com
Song noted in his report that currency traders may turn bearish against the euro if European Union policymakers fail to deliver a solid solution to address the region's sovereign debt crisis. Eurozone leaders hold a summit on March 11 and conversations ...
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Bulgaria to enshrine 'debt alert mechanism' in constitution
EurActiv
Djankov said he expected the measures to help the country's bid to join ERM II, the euro zone's 'waiting room', but added that the country would not make its application official until the changes to the constitution had been passed. ...
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BRUSSELS 24-25 Mar 2011 Hungary heads first summit of its EU presidency
NewsAhead Agency
European Union leaders meet for the first summit of the Hungarian EU presidency. The pressing events on their plates include uprisings, particularly the Libyan unrest. They have agreed to impose sanctions on Libya. Europe's continuing debt crisis will ...
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Protesting Austerity
CounterPunch
The pan-European protests were sparked by government plans to cut public spending, slash welfare benefits and freeze pay in response to economic recession and the debt crisis. With European Union finance ministers agreeing rules that would punish ...
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Slovakia Calls for New Rules to Calculate EU Bailout Fund Share
Bloomberg
Miklos said the Slovak proposal has the backing of some other euro-area members, including fellow former communist countries Slovenia and Estonia. The lending capacity of the permanent fund, whose size has been agreed by finance ministers at 500 ...
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REFILE-FEATURE-France faces long road to improve competitiveness
Forex Pros
In an effort to address the economic imbalances that helped spark the euro zone debt crisis, France is also backing a German push for a "competitiveness pact" to goad the bloc's 17 members to tighten their belts and reform their labour markets. ...
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Central and Eastern Europe Back In Vogue?
Morningstar
Due to the difficulties with FX denominated debt, GDP growth is unlikely to return back to the same rates of 6% plus seen before the crisis. Indeed, taking a closer look at recent economic performance, it appears that the contribution from final demand ...
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Zapatero Extends Lead Over Socrates in Debt Race: Euro Credit
San Francisco Chronicle
24 (Bloomberg) -- Spanish Prime Minister Jose Luis Rodriguez Zapatero is beating his Portuguese counterpart Jose Socrates as they battle to convince investors they can stem the debt crisis and restore economic growth. The extra yield investors demand ...
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Ireland general election: opposition still hopes for outright win
Telegraph.co.uk
Kenny is almost certain to be prime minister and will lead Irish efforts to have the interest rate on its bail-out package reduced as part of euro zone efforts to resolve the region's debt crisis. Fine Gael and Labour want to impose losses on some ...
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Telegraph.co.uk
A global call for sharing and justice | Energy Bulletin
By bart
With European Union finance ministers agreeing rules that would punish countries that fail to bring their debts under control, a new austerity drive swept across the 16-nation eurozone as governments struggled to trim their huge budget .... A recent briefing by the Jubilee Debt Campaign (JDC) explains the similarities and differences between the sovereign debt crisis in Europe, and responses to the debt crisis in the Global South by international financial institutions ...
Energy Bulletin - - http://energybulletin.net/newswire
Libertarians Rallying Youth Early in 2011 at D.C. Conferences ...
By Rob
It is not the EU that has made a 10% defict, British friend… ChineseAtheist says : February 23, 2011 at 3:54 pm. Deficit of 2010. USA: 11% UK: 10%. Why do you talk about a Euro crisis? That is just US-propaganda. Everyone sees that. ... He admitted “UNELECTED OFFICIALS RUN THE EURO ZONE”! BBC actually said something useful for once! The great scam is if each member state went back to their own currency their own central banks could print debt free cash to finance ...
Conservative American News - http://conservativeamericannews.com/
Ireland's ruling party heading for worst ever defeat | Jack's ...
By Jack
Polling released as the islanders went to vote predicted that the Fianna Fail- led government will suffer an unprecedented and historic defeat to become the first eurozone administration to be punished after the EU's debt crisis. ...
Jack's Newswatch - http://www.jacksnewswatch.com/
New Violence Erupt In Greece | EconoTwist's
By econotwist
The euro zone's second EU-IMF bail-out recipient, Ireland, is set for national elections this Friday, with the ruling popular Fianna Fail party headed for a humiliating defeat of historic proportions. Anger over the bail-out lending ...
EconoTwist's - http://moontalkeconotwist.wordpress.com/
EUROPEAN OPENING NEWS INCLUDING: ECB's Trichet says monetary ...
German chancellor Merkel said that she remains against joint Euro-area bonds as advocated by some Euro countries. (Sources) The ECB said it would not provide sovereign credit ratings and cast doubt over EU Commission proposals for a publicly funded body to rival the big ... US President Obama said the violent crackdown in Libya violated international norms and that he had ordered his national security team to prepare the full range of options for dealing with the crisis. ...
Proactiveinvestors United Kingdom... - http://www.proactiveinvestors.co.uk/
Kreikan pääministeri: ”Lainat maksetaan korkojen kera” — Uusi Suomi
By Ossi Kurki-Suonio
Greek prime minister George Papandreou is holding a series of crucial contacts with European leaders ahead of an extraordinary summit of eurozone leaders on March 11 and an EU summit on March 25 at which the final decisions are due to be ... Greece might even have to reintroduce the drachma to overcome its debt crisis, they argue. The European Economic Advisory Group (EEAG), a group of leading European economists, has warned that Greece may need another bailout by 2013 at ...
uusisuomi.fi tuoreimmat uutiset - http://www.uusisuomi.fi/banner-rss
Shaping Europe's economic future with solidarity and ...
Let me now turn to the Eurozone crisis from 2010. It was not about wrong ... Euro. It is a debt crisis, not more, not less. This is demonstrated by the fact ...
www.stockholm.diplo.de/.../download_rede_bo_handelshgsko...
Eurozone economy sputters in fourth quarter - Yahoo! News
The EU bailed out Greece last year and set up the crisis fund that was ... " Ongoing weakness in the debt-laden peripheral countries contrasts with ... LONDON (MarketWatch) -- December retail-sales volumes in the euro zone fell by 0.6% … ...
news.yahoo.com/.../eueurozonefinanceeconomygrowth_2011...

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