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Mar 11, 2011

EUROZONE Debt Crisis News /Mar 11, 2011

Pressure on Portugal ahead of crunch eurozone debt talks
The Guardian
Portugal succeeded in selling €1bn of government bonds this week, but the yield on its debt is trading at record levels. Leaders of the 17 members of the eurozone will discuss proposals for a new stabilisation package to address the ongoing debt crisis ...
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The Guardian
Eastern Europe Uses Debt Crisis to Delay Euro Adoption
Bloomberg
By Agnes Lovasz - Fri Mar 11 09:49:47 GMT 2011 Seven of the 10 former communist countries that have joined the EU since 2004 have yet to adopt the currency. Photographer: Chris Ratcliffe/Bloomberg The euro-region debt crisis is giving Poland, ...
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Dollar Rallies Amid Euro Zone Debt Crisis
RTT News
(RTTNews) - The dollar was generally stronger on Thursday, as euro zone debt fears and declining oil prices made higher-yielding counterparts less attractive to investors. Still, the dollar remains out of fashion due to speculation the Federal Reserve ...
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RTT News
FACTBOX-Coming events in euro zone debt crisis
Reuters
March 11 - Euro zone summit in Brussels to prepare for full EU heads of state summit on March 24/25. -- March 14 - Eurogroup meeting of euro zone finance ministers in Brussels. -- March 15 - Ecofin meeting of EU finance ministers in Brussels. ...
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Greece, France Hold "Similar Views" On EU Crisis - Greek PM
Wall Street Journal
Euro-zone leaders are due to meet Friday to discuss a series of economic reform proposals being pushed by Germany in a runup to a EU-wide summit March 25 that is being billed as a comprehensive response to Europe's debt crisis. ...
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Euro zone leaders expected to meet halfway over debt crisis: Belgian expert
Xinhua
He added that German Chancellor Angela Merkel might feel easier to face her people with the pact approved if Berlin would have to offer more money for an overall solution to the sovereign debt crisis. As European Union (EU) leaders agreed in December ...
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Portugal urges euro leaders to focus on permanent fund
Reuters
LISBON, March 10 (Reuters) - Portugal expects euro zone leaders to concentrate on creating a permanent mechanism to solve the sovereign debt crisis when they meet at a summit on Friday, Prime Minister Jose Socrates said on Thursday. ...
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Merkel Is Said to Support Lower Bailout Rates on Debt for Greece, Ireland
Bloomberg
“But it will bring the eurozone debt crisis back into market focus, particularly amid ever- widening spreads of peripheral sovereign bonds.” Bond yields in Portugal and Greece touched euro-era records this week and Moody's Investor Service lowered ...
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Europe: Odds taken on death of the euro
Financial Times
By Lucy Warwick-Ching Confidence in the single currency has been falling since the eurozone debt crisis swept through Greece and Ireland last year – but this has opened up some interesting areas for traders. “The eurozone crisis has increased ...
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WORLD FOREX: Dollar Gains Broadly On Euro-zone Debt Worries
Wall Street Journal
The dollar bounced back against the euro, in a reversal largely fueled by doubts as to whether the euro-zone can successfully resolve its sovereign-debt crisis as euro-zone leaders meet this month, including a March 24-25 summit. ...
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Bank Group Economist: Euro Jitters To Reoccur Until Debt Crisis Resolved
Wall Street Journal
By Ian Talley Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Market skittishness should continue to weaken the euro until European Union officials comprehensively resolve their debt crisis, a senior economist at an association of the world's largest ...
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FOREX-Euro hits the skids before EU meet, China data
Reuters
Euro zone leaders meet on Friday, ahead of a full 27-nation European Union summit on March 24-25, to tackle the region's debt crisis. Moody's this week turned up the heat on them to agree on decisive action to resolve their debt woes, slashing Greece's ...
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ANALYSIS-Gold fends off ECB hawks as debt crisis deepens
Forexyard
By Amanda Cooper and Jan Harvey LONDON, March 11 (Reuters) - Gold prices are likely to weather expected rises in euro interest rates this year as investors fret over the region's debt crisis and the damage tighter monetary policy can do to its ...
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European debt crisis intensifies
Globe and Mail
The 5.99 per cent interest rate demanded by investors was the highest the government has had to pay for two-year debt since the country joined the euro zone in 1999. Investors settled for 4 per cent in a similar auction last September. ...
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Globe and Mail
Morning business news - March 11
RTE.ie
IRISH BAIL-OUT'S THREE SOURCES - Euro zone leaders are set to agree a 'competitiveness pact' at today's summit, and will push Portugal to announce new reforms as leaders try to draw a line under the euro zone debt crisis. It is Taoiseach Enda Kenny's ...
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European shares slip to lowest close this year
Reuters
Growing worries about the euro zone debt crisis rattled the market after Moody's Investors Service cut Spain's sovereign debt rating one notch and warned of further downgrades, estimating that restructuring savings banks would cost more than twice the ...
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Bonds firm on European debt concerns; 30-yr sale eyed
Business Recorder
LONDON: US Treasury debt prices pushed higher in Europe on Thursday after a Moody's downgrade of Spain's credit ratings reignited concerns about the euro zone debt crisis, spurring flight-to-quality bids. Weak Chinese data and continued fighting in ...
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ECB's B.Smaghi: Euro states should give up debt powers
Reuters
The ECB has long been lobbying euro zone governments to do more to solve the debt crisis. Having already criticised last year's Franco-German deal that watered down planned reforms, ECB President Jean-Claude Trichet last week urged the European ...
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10/03/2011No quick solutions to eurozone problems: economist
Expatica France
Economist Nouriel Roubini, famous for having correctly predicted the global financial crisis, warned Thursday on the eve of a crucial eurozone summit there were no quick solutions to its debt crisis. It would take time to fix the dual problems of high ...
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“Risk On” Dollar Bears — And Potential For A $USD Squeeze
The Business Insider
These are clear signs the market views the eurozone debt crisis as alive and well. Consider the credit spread issue in light of rate hike talk from the European Central Bank (ECB). The ECB wants to raise rates to head off energy inflation. ...
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Ireland's new premier seeks easier bailout terms
The Associated Press
It will focus on the continuing eurozone debt crisis that has already forced Ireland and Greece to take EU-IMF loans and looks increasingly likely to claim Portugal next. Kenny told reporters in Dublin he would tell Barroso that November's loan ...
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Finnish MPs Will Not Authorize Further EU Loan Guarantees
Wall Street Journal
The report comes ahead of a March 11 meeting of European leaders in Brussels to debate a package to resolve the euro-zone debt crisis. The package, which is due to be presented and approved at another summit on March 24-25, is expected to include a new ...
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Eurogroup's Juncker: no doubt about Greek solvency
Reuters
Juncker was speaking ahead of a meeting of European leaders about the situation in North Africa, and a summit of euro zone leaders later in the day to discuss an EU "competitiveness pact" and other efforts to draw a line under the debt crisis.
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Oil prices fall on eurozone, global concerns
Channel News Asia
Rating agency Moody's cut Spain's sovereign rating, renewing concerns that a eurozone debt crisis was spreading from Greece and Ireland to one of the biggest economies in the 17-nation bloc. A pair of trade balance reports from the world's two largest ...
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METALS-Copper rebounds, but headed for biggest weekly loss in 9 mnths
Reuters Africa
SINGAPORE, March 11 (Reuters) - London copper prices rose 0.4 percent on early Friday above $9230 a tonne, but are on track to post the biggest weekly loss since last June, on renewed concerns about the euro zone debt crisis. ...
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Stocks drop on Libya, surprise Chinese deficit
Washington Post
The downgrade came amid signs that Europe's debt crisis is flaring up again ahead of the March 24-25 summit of EU leaders in Brussels. Portugal's cost to borrow 10-year bonds stands near a euro-era record. Though a "comprehensive solution" to the debt ...
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Eurozone Debt Crisis Intensifies — Midas Letter
By James West
By Elizabeth O'Leary and Julien Toyer Reuters March 10, 2011 The euro zone's debt crisis intensified on the eve of a summit of the currency bloc when Moody's downgraded Spain's credit rating on Thursday and bond markets heaped pressure ...
Midas Letter - http://www.midasletter.com/
Euro Zone Debt Crisis Intensifies Ahead of Summit | www.bullfax.com
By marketmaker
Reuters - The euro zone's debt crisis flared on the eve of a summit of the currency bloc when Moody's downgraded Spain's credit rating on Thursday and bond markets heaped pressure on Portugal to seek a bailout. ...
Bullfax.com - Market News & Analysis - http://www.bullfax.com/
Euro zone debt crisis intensifies on summit eve | the Net economy
By the Net economy
Traders said the euro could fall further due to market concerns that Friday's 17 -nation meeting and a summit of the full 27-nation European Union on March 24-25 may fail to agree on decisive action to tackle the debt crisis. more> ...
the Net economy - http://theneteconomy.wordpress.com/
Euro Zone Debt Crisis Intensifies Ahead of Summit – forex.ch
By Forex.ch
The euro zone's debt crisis intensified on the eve of a summit of the currency bloc when Moody's downgraded Spain's credit rating on Thursday and bond markets heaped pressure on Portugal to seek a bailout. Originally posted here: ...
forex.ch - http://www.forex.ch/
EU has debt crisis deja-vu _ but stakes are raised | The ...
By The Associated Press
Spot the difference: Economists wonder how Greece will ever pay off its enormous bills. Borrowing costs for Europe's weakest states are at record highs. Credit downgrades come thick and fast while big question marks loom over the health ...
Examiner AP RSS - http://washingtonexaminer.com/feeds/128677/rss.xml
Eurozone debt crisis intensifies on eve of summit | News on Green
By NewsOnGreen
Eurozone debt crisis intensifies on eve of summit. Friday, 11th March 2011 - 08: 51. Read the original article... « France breaks ranks on Libya, dwarfs EU's Ashton · The GOP's EPA Ambush » ...
News on Green - http://newsongreen.org/
Eurozone crisis intensifies as Spain downgraded
The eurozone's debt crisis flared on the eve of a summit of the currency bloc when Moody's downgraded.
Financial Post - Top Stories - http://www.financialpost.com/16994.RSS
Mish's Global Economic Trend Analysis: ECB Stuck in Sovereign Debt ...
By noreply@blogger.com (Michael Shedlock)
Leaders of 17 eurozone countries meet on Friday in Brussels to discuss the sovereign debt crisis and the stabilization pact, but don't expect much of anything to come from it. Instead, expect to see a lot of bickering interspersed with ...
Mish's Global Economic Trend Analysis - http://globaleconomicanalysis.blogspot.com/
Eurozone crisis: The pain in Spain | Editorial (Guardian)
By admin
What's needed from the EU on the eurozone debt crisis is not good resolutions but firefighting equipmentEuropean leaders meet in Brussels today to agree on some remedial action to calm the crisis in the eurozone. ...
NewsBucket - http://www.newsbucket.co.uk/
Mercenary Trader » “Risk On” Dollar Bears — and Potential for a ...
By Winston Wolfe
So when looking at the multi-year support in the dollar Index, it seems blowing through this support (as aggressive dollar bears anticipate) would create a situation that immediately triggers the blowup of the eurozone debt crisis. ...
Mercenary Trader - http://www.mercenarytrader.com/
Europe in Crisis, Part III: The German Engine « Reflections on a ...
By Jérôme E. Roos
While all of Europe seemed to be imploding amidst the Eurozone debt crisis, Germany registered a neat 3.3 percent growth rate. France and the UK both got stuck at a sluggish 1.6 percent, while Italy grew a petty 1.1 percent and the ...
Reflections on a Revolution - http://roarmagazine.wordpress.com/
A MODEST PROPOSAL FOR OVERCOMING THE EURO CRISIS, Version 2.0 ...
By yanisv
During 2010, each and every response by the eurozone to the galloping sovereign debt crisis has been consistently underwhelming. Monthly EU Summit pronouncements, which during the first half of 2010 were met with initial goodwill by the ...
Yanis Varoufakis - http://yanisvaroufakis.eu/
Euro zone debt crisis intensifies on summit eve | Reuters
MADRID/BRUSSELS (Reuters) - Moody's cut Spain's debt rating on Thursday, pushing the euro lower and deepening the sense of crisis in the 17-nation currency ...
www.reuters.com/.../us-eurozone-idUSTRE72923V20110310
Euro zone debt crisis intensifies on summit eve
EU diplomats said France and several other countries want at least an ... on March 24-25 may fail to agree on decisive action to tackle the debt crisis. ...
www.reuters.com/.../us-eurozone-idUSTRE72923V20110310
EU gets debt crisis deja-vu _ but stake are raised
The continent, especially the 17-nation eurozone, is still struggling to find its way out of a debt crisis that has already pushed Greece and Ireland to ...
www.google.com/.../ALeqM5jqQdMUmlh-XdIdfU6mCa7wIs...
Eurozone debt crisis: is a new phase imminent? | Business ...
Recently knocked off the front pages by the Libyan unrest, the eurozone crisis is back in the news with Greece being downgraded again by ratings agency ...
www.guardian.co.uk/business/poll/2011/.../new-eurozone-crisi...
Eurozone Debt Crisis Intensifies — Midas Letter
By Elizabeth O'Leary and Julien Toyer Reuters March 10, 2011 The euro zone's debt crisis intensified on the eve of a summit of the currency bloc when ...
www.midasletter.com/index.../eurozone-debt-crisis-intensifies/
No End In Sight To Eurozone Debt Crisis
There is concern that this weekend's Eurozone summit to discuss the debt crisis will achieve nothing. Germany wants other European economies to sign up to a ...
news.sky.com/.../201103215948814?...
EU debt crisis mounts as market strains Portugal - Yahoo! News
Europe's government debt crisis has flared up again in the run-up to two crucial meetings of EU leaders as Portugal had to pay 50 percent more to raise cash ...
news.yahoo.com/s/ap/.../ap_on.../eu_europe_financial_crisis
NewsDaily: Euro zone debt crisis intensifies on summit eve
The euro zone's debt crisis flared on the eve of a summit of the currency bloc when Moody's downgraded Spain's credit rating on Thursday and bond markets ...
www.newsdaily.com/stories/tre72923v-us-eurozone/
Beyond the EU Debt Crisis – Why the World Must Watch Europe
Beyond the EU Debt Crisis. Why the World Must Watch Europe. By Samuel C. Baxter: February 28, 2011. The continent's financial crisis gave rise to bailouts, ...
www.realtruth.org/articles/110228-001-europe.html
Eurozone debt crisis intensifies on eve of summit | EurActiv
Moody's cut Spain's debt rating yesterday (10 March), pushing the euro lower and deepening the sense of crisis in the 17-nation currency bloc on the eve of ...
www.euractiv.com/.../eurozone-debt-crisis-intensifies-eve-sum...
EU debt crisis grows as Portugal strained by debt | The Jakarta Post
Europe's government debt crisis has flared up again in the run-up to a crucial meeting of EU leaders as Portugal had to pay 50 percent more to raise ...
www.thejakartapost.com/.../eu-debt-crisis-grows-portugal-strai...
Eurozone debt crisis intensifies | Marketplace From American ...
Ratings agency Moody's cut Spain's credit rating today after Greece was downgraded several notches on Monday. Ratings downgrades in Europe could have big ...
marketplace.publicradio.org/.../am-eurozone-debt-crisis-intens...

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