Today: EUROZONE Debt Crisis News, May 08, 2011

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May 8, 2011

EUROZONE Debt Crisis News, May 08, 2011

Gold and Silver Bullish Arugments
The Market Oracle
The rumour, circulated by Germanys Spiegel added that Eurozone finance ministers held and European Commission were holding secret crisis meeting in Luxembourg on Fri. If these rumours bear weight andEU officials start discussing Greece publicly into ...
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Europe faces up to Greek debt chaos
Ninemsn
"This was not a 'crisis meeting on Greece'," Amadeu Altafaj, spokesman for European Union Economic Affairs Commissioner Olli Rehn, also said. Reports said ideas under discussion include postponing the maturity of 65 billion euros ($A89.32 billion) ...
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Analysis: Europe groping for new Greek crisis plan
Reuters
By Luke Baker BRUSSELS (Reuters) - The clearest news to emerge from a secretive meeting of top euro zone finance officials on Friday night was the acknowledgement that Greece needs a new economic plan to tackle its deteriorating debt crisis. ...

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Reuters
Europe faces up to Greek debt chaos
Ninemsn
"This was not a 'crisis meeting on Greece'," Amadeu Altafaj, spokesman for European Union Economic Affairs Commissioner Olli Rehn, also said. Reports said ideas under discussion include postponing the maturity of 65 billion euros ($A89.32 billion) ...
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Treasurys Rally As Worries About Greece Trump US Jobs Data
Wall Street Journal
"If Greece would be allowed to exit the EU, it would create a significant capital crisis across the banking sector of the euro zone, in particular Greek banks," said Miller. "The ensuing banking crisis would be even worse when you consider the impact ...
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Ireland's future depends on breaking free from bailout
Irish Times
In other words, the Irish banking crisis has become part of the larger European sovereign debt crisis. Given the political paralysis in the EU, and a European Central Bank that sees its main task as placating the editors of German tabloids, ...
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Business digest
STLtoday.com
March credit card usage up • Consumers used their credit cards more in March, marking only the second increase in the more than two years since the height of the financial crisis. The Federal Reserve said Friday that consumers increased their total ...
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The latest domino falls as Portugal seeks a bailout
The Nation
The country's debt is projected to peak at 159 per cent of GDP in 2012. The tale of two countries - Portugal and Greece - shows that the crisis in Europe still has a long way to go before there is any light at the end of tunnel.
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Commodity prices: Is this just a correction or a downtrend?
Daily News & Analysis
The ECB had raised rates by 25 basis points (bps) in April citing inflationary pressures, but toned down the stance on inflation in the face of worries of growth falling on account of euro zone sovereign debt crisis and China tightening. ...
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A look at economic developments around the globe
BusinessWeek
ATHENS, Greece -- Police clashed with protesting doctors in Greece and civil servants staged a 24-hour strike in Portugal to protest government cutbacks enacted in response to Europe's financial crisis. MADRID -- The Spanish economy grew just 0.2 ...
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Greece denies may quit euro
fox4kc.com
LUXEMBOURG/ATHENS (Reuters) - Top finance officials of the euro zone's biggest economies met to discuss Greece's debt crisis on Friday and Athens denied a media report that it was considering whether to leave the bloc. Jean-Claude Juncker, head of the ...
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Greece denies report it's seeking to leave euro
Newsday (subscription)
The Socialist government is seeking to raise some euro50 billion from privatizations in coming years, as part of efforts to drag the barely-solvent country out of a major debt crisis. (AP Photo/ Petros Giannakouris) (AP) -- Finance ministers from ...
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Newsday (subscription)
Greece denies may quit euro, European ministers meet
TrustLaw
By Michele Sinner and Dina Kyriakidou LUXEMBOURG/ATHENS, May 6 (Reuters) - Top finance officials of the euro zone's biggest economies met to discuss Greece's debt crisis on Friday and Athens denied a media report that it was considering whether to ...
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EU tries to keep meeting leaks from harming Greece
CBS MoneyWatch.com
One year ago, on the very same weekend in May, the eurozone's top financial officials patched together a euro750 billion bailout fund in the hope of stemming the crisis that was rocking their common currency after the rescue loans given to Greece a few ...
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Another Bullish Argument for Metals?
IBTimes Hong Kong
The rumour, circulated by Germanys Spiegel added that Eurozone finance ministers held and European Commission were holding secret crisis meeting in Luxembourg on Fri. If these rumours bear weight andEU officials start discussing Greece publicly into ...
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Greece denies report it's seeking to leave euro
KWQC 6
The report, which sent the euro tumbling, added that the eurozone's finance ministers were holding a secret crisis meeting in Luxembourg on Friday night to discuss the issue. The euro dropped to $1.4470 from $1.4530 late Thursday. ...
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Business Highlights
San Jose Mercury News
WASHINGTON (AP)—Consumers used their credit cards more in March, marking only the second increase in the more than two years since the height of the financial crisis. The Federal Reserve said Friday that consumers increased their total borrowing by $6 ...
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AMERICAblog News: More trouble in euro-land as debt restructuring ...
By Chris in Paris
Sources said negotiations centred on the mounting eurozone debt crisis, and included not just Greece but the terms of Portugal's bailout and Ireland's demands for easier repayment terms on its loans. But they denied reports coming out ...
AMERICAblog News - http://www.americablog.com/
Greek PM denies country will leave euro - Best Growth Stock Investment
By Best Growth Stock
Ministers from the euro zone's biggest economies met in Luxembourg to discuss Greece's debt crisis on Friday but Athens and senior EU officials denied a report by Germany's Spiegel Online that the Greek government had raised the ... Related Stock Market News. Greek PM to announce activation of EU/IMF aid – source; ATHENS (BestGrowthStock) - Greek Prime Minister George Papandreou will announce shortly the activation of an EU/IMF package aimed at pulling the euro zone ...
Stock Market News - http://www.bestgrowthstock.com/stock-market-news/
NewsDaily: Greek PM denies euro exit; says leave Greece alone
By Dina Kyriakidou and Renee Maltezou
Ministers from the euro zone's biggest economies met in Luxembourg to discuss Greece's debt crisis on Friday but Athens and senior EU officials denied a report by Germany's Spiegel Online that the Greek government had raised the ...
NewsDaily: Top Headlines - http://newsdaily.com/?q=Save+Us+From+Berlusconi
Greece Considers Exit from Euro Zone - Athens Mulls Plans for New ...
By BrianC
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 ... This is huge news and could be very dangerous for Greece so we have to keep an eye on them as a community. The EU and other unions of its type are agents of globalization and the fact that Greece has recognized its folly is great for us ...
AboveTopSecret.com New Topics... - http://feeds.abovetopsecret.com/1.xml
The Greek Debt Crisis Escalates: Is Greece Threatening To Leave ...
By Michael
"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 ... "The report on an imminent Greek exit from theeurozone, as well as being untrue, has been written with incomprehensible levity despite the fact that this has been repeatedly denied by the Greek government, and the governments of ...
The Economic Collapse - http://theeconomiccollapseblog.com/
Greece denies may quit euro | Profitimes
By Profitimes
LUXEMBOURG/ATHENS (Reuters) – Top finance officials of the euro zone's biggest economies met to discuss Greece's debt crisis on Friday and Athens denied a media report that it was considering whether to leave the bloc. ... But Juncker said a meeting of all euro zone finance ministers on May 16 would discuss whether Greece needed a further economic plan, beyond the 110 billion euro bailout which it obtained from the European Union and the International Monetary Fund in May ...
Profitimes - http://profitimes.com/
Breaking: Greece Threatens To Leave Eurozone, Reintroduce Own ...
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 is getting worse. The government of the country considered to information from SPIEGEL ONLINE, leaving the euro zone. The finance ministers of the monetary union and representatives of the EU Commission will meet on Friday evening secret to a ...
InvestmentWatch - http://investmentwatchblog.com/
Greece Considers Leaving Euro Zone | FrumForum
By FrumForum News
In addition to Greece's possible exit from the currency union, a speedy restructuring of the country's debtalso features on the agenda. One year after the Greek crisis broke out, the development represents a potentially existential turning ... whether it would even be legally possible for Greece to depart from the euro zone. Legal experts believe it would also be necessary for the country to split from the European Unionentirely in order to abandon the common currency. ...
FrumForum - http://www.frumforum.com/
Expert: euro should be devalued | BNN-NEWS.COM
By BNN
Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM The single European currency euro should be devalued, while such countries as Greece and Portugal should be excluded from the eurozone, considers Vesa Kanniainen, professor of economics at the University of Helsinki. According to the professor, countries facing heavy debt crisis should be given the opportunity to restructure their debts or declare their bankruptcy, reports the television channel YLE News. ...
BNN-NEWS.COM - http://bnn-news.com/
Euro zone takes third debt crisis patient into care | News
Bυt a comparison euro section source ѕаіԁ thе operation EU officials wеrе operative ... More thаn a year іntο thе emperor debt crisis, whісh аt іtѕ rise ...
www.asbigo.com/.../euro-zone-takes-third-debt-crisis-patient-i...
Euro zone takes third debt crisis patient into care
More than a year into the sovereign debt crisis, which at its peak threatened to tear the single Europeancurrency apart, EU leaders still find ... Newer news items: 05/05/2011 11:00 - Economic impact of oil price increases on ...
www.hellenicshippingnews.com/index.php?...
Eurozone debt crisis remains greatest risk to investment growth ...
Broken euro. The eurozone debt crisis, underscoring fears over the ability of over-leveraged economies to reduce their debt, are together seen as the ...
www.investmenteurope.net/.../eurozone-debt-crisis-remains-ris...
FACTBOX-Coming events in euro zone debt crisis
EU president Hungary's latest compromise on the draft rules has ditched a ... Full Article at Shanghai Daily. Zee News logo ... I want to share "FACTBOX- Coming events in euro zone debt crisis" via Horse Racing on MSG.com with you. ...
horseracing.msg.com/article/0c4j12J3wM5nj?q=Brussels
Euro zone takes third debt crisis patient into care
More than a year into the sovereign debt crisis, which at its peak threatened to tear the single Europeancurrency apart, EU leaders still find themselves ... This news is only coming from one side, from Mr. Obama's office, and American ...
iplextra.indiatimes.com/article/05zc5EY4oM9OX?q=Top...
Euro zone takes third debt crisis patient into care | Oil Leader News
Euro zone takes third debt crisis patient into care ... of Lisbon's decision to accept a multi-billion eurobailout from the European Union and IMF on Wednesday , ... Keywords: Care, crisis, debt, euro, into, patient, Takes, third, zone ...
oilleader.com/.../euro-zone-takes-third-debt-crisis-patient-into-....


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