Wall Street Journal
"I think one can say that on many fronts one has been successful" in combating Europe's debt crisis, Asmussen said. He added that recent reports suggesting Greece might leave the euro zone or had already been guaranteed a new aid package were "pure ...
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FTSE falls on euro zone debts, global growth doubts
Reuters
... in particular that there is still no consistent message coming through from EU officials." Bank of England Deputy Governor Charles Bean warned of the potential for messy consequences from the eurozone debt crisis that is currently centred around ...
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EURO GOVT-Greek CDS falls on loans talk
Reuters
The reports echoed stories on Tuesday, but a German official said that although euro zone officials will debate Greece's debt crisis next week no decision will be taken [ID:nWEA0239]. Five-year credit default swaps (CDS) on Greek government debt fell ...
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Forex focus: watch out for Greece
Telegraph.co.uk
Her problems will only get worse if Germany's export trade is knocked by higher wage and energy costs and a strong euro. Mr Towner adds: “It is also important to add that the sovereign debt crisis does not need to spread any further into Spain or Italy ...
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Telegraph.co.uk
The EU is not going to allocate an additional credit to Greece
Caspionet
European Commissioner for Economic Affairs and Finance, Olli Rehn said that the discussions on the additional measures aimed at providing international financial aid to Greece in connection with the debt crisis are premature. ...
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The Future of the Euro: Why Europe's Key Currency is Doomed
Money Morning
And Ireland will play a key role in determining the future of the euro. In the midst of the growing sovereigndebt crisis last year, Ireland was forced to seek a bailout because of an economy that shrank 15% from where it was in 2007. ...
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Greek Labor Unions Warn of Additional Protests over Austerity Policies
CRIENGLISH.com
The unions called on the socialist government to change course and put an end to cutbacks on salaries, pensions, tax hikes and high unemployment rates and recession to address the debt crisis. Wednesday's demonstrations ended in front of the parliament ...
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Swiss Stocks Rise On Easing Euro-Zone Debt Concerns
RTT News
The market has been bolstered by easing debt concerns in the Euro-zone and some positive signs from overseas. The EU is preparing further support for Greece, lowering concern about another crisis in thatdebt-laden country. ...
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Gold futures hit 1-week high on China inflation, EU debt fears
Forex Pros
Forex Pros – Gold futures were up for a fourth day on Wednesday, climbing to a one-week high as the appeal of the precious metal was boosted amid concerns over China's high inflation and lingering fears over the euro zone's sovereign debt crisis. ...
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FTSE slips 0.71 percent at close
AFP
LONDON — London stocks closed lower on Wednesday, continuing a seesaw week as investors continued to monitor developments on the eurozone debt crisis. The FTSE 100 index of leading shares slipped 0.71 percent to end the day at 5976 points. ...
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AFP
EURO GOVT-Bunds fall as Greece deal hopes slow safe-haven flows
Reuters
... a short-dated German bond auction drew solid demand. Investors mopped up 5.86 billion euros of new two-year paper, as uncertainty over Greece's debt crisis underpinned demand for the euro zone's most liquid, top-rated debt. [ID:nLDE74A0TZ].
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EU slows drive for more Greek aid
Financial Express
German Chancellor Angela Merkel , recalling her go-slow tactics when the debt crisis erupted, said Greece — lamed by a general strike on Wednesday — needs to stay the budget-cutting course to win an increase in the 110 billion-euro ($158 billion) ...
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France, Ireland disagree on tax
Irish Times
French president Nicolas Sarkozy has accused Ireland of "fiscal dumping" by using its low headline corporate tax rate to lure foreign investment away from other European countries, even as it sought their aid with its acute debt crisis. ...
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Irish Times
White maize exports hit 37598 tons
The New Age Online
RMB's currency strategists, John Cairns and Nema Ramkhelawan, said in a morning note that witheuro/dollar striding towards 1.50 last week, it seemed as though the market had slipped into denial about the severity of the sovereign debt crisis. ...
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FinSys Update: China Inflation 5.3% Y/Y, Tightening Not Over
IMarketnews.com
[Repeated 07:12 ET] * EU finance ministers will discuss the Greek debt crisis next week, but there will be no decisions before the report on Greece by the EU, IMF and ECB is released, German Deputy Finance Minister Joerg Asmussen said Wednesday. ...
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EU has credit rating agencies in its sights
PublicServiceEurope.com
Gianni Pittella MEP said: "The impact on financial markets of credit agencies continues to raise many concerns, especially when it comes to their assessments of sovereign debt risks. These are the agencies that failed to foresee the financial crisis of ...
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Finland to help bail out Portugal - PM-elect
Reuters
The agreement with the Social Democrats means Katainen can now attend next Monday's meeting of euro zone finance ministers with a mandate to approve the Portuguese rescue package. "The crisis is not over and Finland cannot be the country which shakes ...
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Deja Vu: Why This Market Makes Me Increasingly Bearish
ETF Daily News (blog)
Now it's the beginning of the international government debt and funding crisis that makes me increasingly bearish. If you recall, the housing and mortgage credit crisis did not befall the world out of the blue. There had been many warning signs. ...
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LME METALS-Factors To Watch on May 11
Reuters Africa
LONDON, May 11 (Reuters) - Copper slipped on Wednesday after Chinese inflation data came in above forecasts, with a steadying dollar and worries about the euro debt crisis also weighing on prices. For latest market report, click on [MET/L]. ...
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More denial
The Economist (blog)
And euro departure would lead to inevitable default in any case, since its debts are denominated in euroterms. It would cause a financial crisis as Greeks took their euros out of domestic banks and stashed them overseas (it would be interesting to see ...
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BoE Gives Sterling a Solid Boost
Action Forex
A general strike in Greece is heightening the urgency of the situation for the country, as the populace remains restive on the austerity that has been brought about since last year stemming from its debt crisisand the terms of the bailout package. ...
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GLOBAL MARKETS-Commodities skid on oil slide; stocks slump
Reuters
[ID:nLDE74A0SY] EU finance ministers will discuss Greece's debt crisis next week but will not decide on new emergency aid until a mission to Athens that began on Wednesday gives its verdict on progress on reforms. For details, see [nLDE74A0SY] ...
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Gold futures hit 1-week high on China inflation, EU debt fears
Benzinga
Global financial service provider Deutsche Bank forecast that gold prices could reach USD2000 an ounce by January 2012, as investors seek to protect themselves from a weakening dollar, quickening inflation and Europe's sovereign-debt crisis. ...
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Inflation hawks firmly in control
mydigitalfc.com
In the past two weeks, it has become apparent — a year before it was supposed to — that the ¤110 billion bailout package for Greece, which was agreed to in May 2010, won't be enough for that country to tide over the crisis. With the financial markets ...
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Merkel backs Draghi, deciding ECB presidency race
Reuters UK
He will leave his successor a legacy of monetary stability but also the challenge of tailoring ECB policy to address growing divergence in the 17-country euro zone, with core economies recovering but others mired in a debt crisis. ...
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Reuters UK
TSX slammed again as oil crumbles
National Post (registration)
EU finance ministers will discuss Greece's debt crisis next week but will not decide on new emergency aid until a mission to Athens that began on Wednesday gives its verdict on progress on reforms. Ministers are likely to tell Greece it must deliver on ...
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What will the effect from the new developments around Greece's debt problems ...
Focus News
Provopoulos expressed confidence that Greece will put an end to speculations and finally exit the debt crisis. Greece narrowly avoided default last May. With the support of the European Union and the International Monetary Fund, it is implementing a ...
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Why Greece's debt crisis matters (again) - The Curious Capitalist ...
By Michael Schuman
It was almost exactly a year ago that the European Union stepped in with a 110 billion euro ($158 billion) bailout for debt-plagued Greece. Yet here we are, a year later, and Greece's debt is again the primary focus of Europe's ... The momentum towards effectively trashing the old arrangement is also symbolic of the growing realization in European capitals that the initial steps taken to resolve the euro zone's debt crisisfell far short of what was necessary. ...
The Curious Capitalist - http://curiouscapitalist.blogs.time.com/
US Housing Price Fall Accelerates, While Greece's Euro Debt Crisis ...
By John J. Xenakis
“The downgrade reflects our view of increasing sentiment among Greece's key euro -zone official creditors to extend the debt payment maturities of their 80 billion euros ($115 billion) of bilateral loans pooled by the European Commission. As part of such an extension, ... On Friday, Spiegel said that there would be a secret meeting of EU finance ministers in Luxembourg to discuss the possibility of Greece leaving the eurocurrency and reinstating its old drachma currency. ...
Big Peace - http://bigpeace.com/
NewsDaily: EU and IMF start key Athens visit as Greeks strike
By Ingrid Melander and Renee Maltezou
But a euro zone source in Brussels said Greece needed to show credible progress on meeting agreed targets for fiscal consolidation and privatization of state assets before further emergency funding could be considered. ... ATHENS/BRUSSELS , May 11, 2011 (Reuters) — EU finance ministers will discuss Greece'sdebt crisis next week but will not decide on new emergency aid until a mission to strike-hit Athens that began on Wednesday gives its verdict on ... More Top News ...
NewsDaily: Top Headlines - http://newsdaily.com/?q=Save+Us+From+Berlusconi
Blogs on: The Debt Crisis in the European Union: Key Proposals for ...
Euro-Zone debt crisis worsening in Business by Bonjour l'Estoine ... The ECB's unfinished business | Money Supply | News, data and opinions on market-moving ...
www.liquida.com/.../european-central-bank-financial-markets-...
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