EUROZONE Debt Crisis News, May 06, 2011

* Greek, European officials deny exit being considered
Reuters
By Dina Kyriakidou and Noah Barkin ATHENS/BERLIN, May 6 (Reuters) - A small group of European finance ministers was meeting on Friday to discuss the euro zone debt crisis, official sources told Reuters, as Greece denied a media report that it was ...
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Eurozone facing tough times not yet out of woods Expert
Moneycontrol.com
The chronic debt crisis in the eurozone doesn't seem to be abating with the European Central Bank (ECB) president Jean-Claude Trichet appealing for responsibility and solidarity from the eurozone's 17-member nations. On Thursday, the European Union and ...
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European Bailouts Suffer From Built-In Flaws
Wall Street Journal
That ruled out the possibility of pre-empting a debt crisis—meaning a bond-market meltdown, in effect, was a precondition for a bailout—and increasing the chances of contagion spreading to other government bond markets. Rather than calming nerves, ...
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Is Ireland Paying Over the Odds?
Wall Street Journal (blog)
The debt problems of Ireland, Greece, and Portugal are all different. But Ireland's experience with its EUlenders gives little hope to Portugal and non-eurozone states that the EU can sort out Europe's debt crisis.
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EU Wieser: "5 Or 6" Banks May Need To Act After Stress Tests
Wall Street Journal
Wieser warned that the euro-zone debt crisis held big lessons for Asia, saying that while the high degree of confidence in the region is "well justified," there is a need for caution. "It reminds me of what we were seeing in Europe 10 or 15 years ago," ...
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Schengen: Another euro project in trouble
Zimbabwe Independent
The financial crash and sovereign-debt crisis endanger the euro. Now the Arab spring has brought in thousands of north African boat-people, undermining the Schengen borderless zone. The response to theeuro zone's upheavals has been “more Europe”: a ...
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Greece denies report it is seeking to leave euro
San Francisco Chronicle
The report added that the eurozone's finance ministers were holding a secret crisis meeting in Luxembourg Friday night to discuss the issue. "Such reports are a provocation, undermine efforts by Greece and the euro and serve speculative games," the ...
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The European Bill of Fare
CounterPunch
If we do not give priority to this demand, the noose of the debt will hardly be loosened and these countries' people will have to pay for the crisis for decades. Several provisions in the treaties governing the EU, theEurozone and the ECB must be ...
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Greece to sell T-bills next week
Irish Times
Greece switched to monthly issues of short-term debt from quarterly sales in September last year to improve cash management as it struggles to emerge from a debt crisis. Up until March, the heavily indebted country was funding itself on short durations ...
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GLOBAL MARKETS-Euro sinks on Greece; oil extends sell-off
Forex Pros
Greece denied it was considering to leave the bloc, but official sources told Reuters a small group of European finance ministers was indeed meeting on Friday to discuss the euro zone debt crisis. "Those Greece headlines definitely had an impact on the ...
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This WEEK in the European Union
EUobserver.com
Immigration will feature in several EU debates next week (Photo: AFM) Details of an emergency bail-out for Portugal, the third of its kind in the eurozone since the debt crisis began, are on the agenda of EUcommissioners meeting on Tuesday in ...
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Economic Crisis Victims Foot The Bill
The Guatemala Times
In Iceland, which is not a European Union member, the shock doctrine was applied swiftly, provoking a very broad popular mobilization and a major political crisis that brought down the government and led to the rejection of a foreign debt repayment ...
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Greece denies report it's seeking to leave euro
Forbes
ATHENS, Greece (AP) - Police clashed with protesting doctors in Greece and civil servants staged a 24-hour strike in Portugal on Friday to protest government cutbacks enacted in response to Europe's financialcrisis. Riot police used pepper spray to ...
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Greece won't restructure debt: EU officials
Business Times (subscription)
German Finance Minister Wolfgang Schauble recently said 'new measures' would be needed if structural reforms being carried out in Greece were not enough to overcome its debt crisis. On Monday, European Central Bank (ECB) policymaker Nout Wellink said ...
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New period of instability and revolutions — Thesis of the European bureau of ...
Socialist Alternative
But as the billionaire hedge fund chief George Soros has written in relation to the euro crisis – and he should know! – "The 'euro crisis' is generally seen as a currency crisis that is also a sovereign debt and even more, a banking crisis. ...
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Newspaper Briefing including the Lex Column commenting on an epic commodities rout
Proactive Investors UK
Despite annualised US car sales of just 13.2 million last month, almost 4 million better than April 2009 but some 3 million shy of pre-crisis levels, conditions are otherwise nearly optimal for Detroit. Warner Music: a trophy asset: First there were ...
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Is This It? Implications of Greece Leaving the Eurozone
Seeking Alpha
Alarmed by Athens' intentions, the European Commission has called a crisis meeting in Luxembourg on Friday night. In addition to Greece's possible exit from the currency union, a speedy restructuring of the country's debt also features on the agenda. ...
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PAPER: GREECE EU EXIT? « InvestmentWatch
By Daniel
We Know What The Public Wants — News — And Will Work Tirelessly To Deliver It From Hundreds Of Sources 24 Hours A Day. ... The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government's actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area's finance ministers and representatives of ...
InvestmentWatch - http://investmentwatchblog.com/
Greece Considers Exit from Euro Zone - Usagold.com
By PG
The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government's actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from theeuro zone. The common currency area's finance ministers and ... 00-800-8720-8720 (EU). 303-399-6759 (Fax). admin@ usagold.com. Office Hours 6:00am - 5:00pm (U.S. Mountain Time) Monday - Friday. American Numismatic Association Member since 1975. Industry Council for Tangible Assets ...
USAGOLD News and Views - http://www.usagold.com/cpmforum/
Commonsense & Wonder: Make the EU's day
By jerry
The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government's actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from theeuro zone. The common currency area's ...
Commonsense & Wonder - http://commonsensewonder.blogspot.com/
Greece threatens to walk?/Meeting over Greece to deal with debt ...
By Peter Boockvar
The German newspaper Der Spiegel is reporting that Greece is thinking about withdrawing from the euro zone and that a secret crisis meeting in Luxembourg is . ... Meeting over Greece to deal with debt, not exit. The WSJ is reporting that EU finance officials are meeting to discuss Greece but over their indebtedness, NOT A GREEK EURO EXIT, according to officials. PERMALINK Category: MacroNotes. ...
The Big Picture - http://www.ritholtz.com/blog/
Euro plunges on Greek exit rumours | BREAKING NEWS
By Jill Treanor
The euro has had its worst week since January, and has fallen 1% to below $1.4400 after a report on the Der Spiegel website that a secret crisis meeting is being held in Luxembourg on Friday evening to discuss the situation of the heavily ... Quoting a document which it said was prepared by the German finance minstry, Der Speigel said that the euro could lose as much 50% of its value if Greece pulls out of theEurozone, leading to an explosion in Greek national debt and ...
BREAKING NEWS - http://eyelawview.com/
Greece denies plans to drop euro | www.bullfax.com
By marketmaker
European Union finance ministers are trying to reach agreement on a compromise 600-billion-euromechanism to prevent Greece's debt crisis causing turmoil in other euro zone states, EU sources said.Euro zone countries offer 30 billion ...
Bullfax.com - Market News & Analysis - http://www.bullfax.com/
Ways of Treading Water II: Eupdate Greece - Credit Slips
By Anna Gelpern
A year ago, back when the Greek government debt crisis officially became the Eurozone gestalt crisis, I speculated that Greece would not launch a debt restructuring any time soon. I hereby officially change course ... This is not just about the European Central Bank, which bought quite a bit of Greek government debt from the banks since the start of the crisis. Other central banks hold Greek debt in their Euro-denominated hard currency reserves. Contrast Uruguay, cited as ...
Credit Slips - http://www.creditslips.org/creditslips/
XE.com - FACTBOX-Coming events in euro zone debt crisis
News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters ... the debt crisis in the euro zone:EUROPEAN UNION: --------------- ...
www.xe.com/news/2011/05/05/1879729.htm?c=1&t=
Euro zone takes third debt crisis patient into care - Finance News
Euro zone takes third debt crisis patient into care - By Luke Baker BRUSSELS ... a 78-billion-euro bailout from the European Union and IMF on Wednesday, ...
finance.townhall.com/.../euro_zone_takes_third_debt_crisis_p...
Euro zone takes third debt crisis patient into care (Reuters ...
Euro zone takes third debt crisis patient into care (Reuters)- Business News. Visit Tutorialized to discussEuro zone takes third debt crisis patient into ...
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WRAPUP 1-Euro zone takes third debt crisis patient into care By ...
Euro zone debt crisis remains in critical phase. By Luke Baker ... to accept a 78-billion-euro bailout from the European Union and IMF on Wednesday, ... Reuters is the largest international news agency -- providing professionals around ...
www.forexpros.com/.../wrapup-1-euro-zone-takes-third-debt-...
ECB's Estonia Central Bank: Euro-Zone Debt Crisis Worsening ...
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Euro zone takes third debt crisis patient into care | British ...
Euro zone takes third debt crisis patient into care ... NEWS IN THE LAST TWENTY FOUR HOURS; Portugal third eurozone economy on lifeline · SYDNEY MORNING ...
www.britishbusinessfinder.com/.../Euro+zone+takes+third+deb...
Eurozone takes third debt crisis patient into care - Daily Times ...
The bailout means three of the eurozone's 17 countries are now effectively ... More than a year into the sovereign debt crisis, which at its peak threatened ...
www.dailytimes.com.pk/default.asp?page=2011/05/05/...
Euro zone takes third debt crisis patient into care (Reuters)
Yahoo News: Business logo Yahoo News: Business 18 hours ago. Euro zone takes third debt crisispatient into care (Reuters) ... EU Environment Commissioner Janez Potocnik talks during a press conference on the EU Biodiversity Strategy to ...
horseracing.msg.com/article/0a2W2xq2z93P3?q=Brussels


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