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May 13, 2011

EUROZONE Debt Crisis News, May 13, 2011


Debt crisis could still spread to EU core-IMF: Fidelity
IMF says debt crisis could spread to core euro zone. ... News & Insights; >. Page published by Fidelity Interactive Content Services. Skip Section Links ...
https://news.fidelity.com/news/news.jhtml?articleid...
Debt crisis could still spread to EU core: IMF
Reuters
By Christiaan Hetzner and Dina Kyriakidou FRANKFURT/ATHENS (Reuters) - Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis may yet spread to coreeuro zone countries and emerging eastern Europe, the International Monetary Fund said ...
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Reuters
ECB's Stark signals rate hikes to come
Business SpectatorDespite bailouts for Greece, Ireland and Portugal, Europe's debt crisis may yet spread to core euro zone countries and emerging eastern Europe, the International Monetary Fund said. The warning came as government sources in Athens said international ...
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Why a Potential Greek Default Matters
Morningstar.com
We saw further proof of an escalating this euro debt crisis this week from another S&P downgrade of Greece's debt and a warning that further cuts were possible. Bearish markets editor Bearemy Glaser is the worry-prone alter-ego of markets editor Jeremy ...
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Will significant economic announcements manage to draw attention away from the ...
FX-MM
Today's session brings a raft of significant economic announcements which should at least draw some attention away from the eurozone debt crisis. From the UK, we have some monthly manufacturing data which is expected to show improvement. ...
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Euro-Zone Industrial Output Falls
Wall Street Journal
Those growth numbers are again likely to highlight the sharp divergence between Germany, which has been forging ahead, and smaller countries like Greece, Ireland, and Portugal at the heart of theeuro zone's debt crisis that have lagged behind. ...
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EU Juncker: Greek Restructuring Could Destabilise Euro-Zone
Wall Street Journal
The recently-agreed European competitiveness pact has less content than might have been hoped, he said. Still, Juncker said the euro zone would have weathered the crisis less well without theeuro due to currency fluctuations.
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JSE extends losses, tracks global peers
The New Age Online
Equities were also weighed negatively by uncertainty in the global economy and persistent fears over the euro-zone debt crisis, which caused the dollar to strengthen dramatically against the euro, the fund manager said. Dow Jones Newswires reported ...
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Morning Briefing: Polish, Czech Company Earnings in Focus
Wall Street Journal (blog)
By Leos Rousek Polish and Czech earnings will take center stage Thursday while regional currencies will stick to sidelines as investors evaluate any possible impact on them from the euro zone's travails caused by the Greek debt crisis. ...
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Presidency promotes financial stabilisation
IEWY News
He was reporting on the measures that have been taken to recover from the public debt crisis, shaking the European Union and the Eurozone. Primarily, it is the Member States' responsibility to ensure that their public finances are sustainable and stand ...
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IEWY News
Economics focus: Ties that sometimes bind
The Economist
Faced with a severe debt crisis, euro-zone leaders are planning to strengthen existing constraints. America's divided government, unable to reach a comprehensive deal to bring budgets back to balance, may soon adopt targets that, if breached, ...
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The Economist
The European Union and the Lessons from the Crisis: The Way Forward
IEWY News
In response to the sovereign debt crisis, the euro area has recently armed itself with an important tool to safeguard area-wide financial stability. At the European Council meeting of 24 and 25 March 2011 the Heads of State or Government of the EU ...
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EU Nears Deal on Short-Selling Rules
Wall Street Journal
Governments were previously deadlocked over the sovereign debt provisions. France and Germany want a ban on naked sovereign debt short sales, which they argue have exacerbated the euro-zonesovereign debt crisis. But a number of other governments said ...
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A roundup of finance news
Ninemsn
... debt crisis - after Germany indicated that it would back him. STRASBOURG - The European Union economic affairs chief warned on Wednesday that restructuring Greece's massive debt would have devastating consequences for the country and the eurozone ...
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Euroskeptics dig in as bailout costs balloon
CTV.ca
And even as the EU won Finland's conditional support, fears are spreading that other nations will not follow suit, causing broader policies aimed at solving the euro zone's debt crisis to come undone. Indeed, the resentment that fuelled the True Finns' ...
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Germany could back more aid for Greece
Seattle Post Intelligencer
Germany is Europe's biggest economy and is a central, though sometimes reluctant, player in resolving the debt crisis. Its economy is growing strongly due to strong exports and painful labor market reforms made years ago, and many people there resent ...
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Sarkozy Set to Run for Re-election
Wall Street Journal
... of euro-zone GDP and the equivalent of more than a third of US GDP. That means mending the fractious and often uneasy relationship between Mr. Sarkozy and German Chancellor Angela Merkel, which has been strained lately by the Greek debt crisis, ...
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ECB's Honohan: Bailout Deals Need Improvement
Wall Street Journal
Critics of Europe's efforts to solve its debt crisis have argued that the governments and banks affected are insolvent and will never repay their debts, while the policy response has assumed that the problem is merely a temporary one of liquidity. ...
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Massive Protest in Athens Immobilizes Public Services
NTDTV
That certainly seems likely - Greece's Finance Minister is meeting with officials from the EU and International Monetary Fund. The inspectors will spend a week looking at the country's deepeningdebt crisis, assessing whether the government is on ...
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Asian Shares End Mostly Lower; Resource Stocks Lead Declines
Wall Street Journal
In addition, euro-zone industrial production fell unexpectedly in March as output growth slowed in Germany and Italy and production dropped in France and in many of the countries at the heart of the currency area's debt crisis, official data showed ...
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Charlemagne: Decision time
The Economist
His instinctive response to the euro-zone crisis is more European integration. Germany is, after all, the euro's principal beneficiary. But his country is ever more sceptical of the European Union and the single currency. ...
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The Economist
A look at economic developments around the globe
Kansas City Star
FRANKFURT, Germany - The International Monetary Fund is urging Europe to push shaky banks to strengthen their finances as the best way to keep the debt crisis in Greece, Portugal and Ireland from hitting a growing eurozone economy. ...
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Malta surpasses European averages
Malta Business Weekly
Fiscal austerity measures, which have been rendered even more urgent following the sovereign debt crisis, will also weigh on the recovery. Against this backdrop, our efforts to achieve sustainable long-term growth need to intensify. ...
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Risk aversion sentiment envelops session
FXstreet.com
Bank of Finland released its Stability Report which noted that exposure by Finland banks to Greece, Ireland, Portuguese sovereign debt were very small. The report noted that the sovereign debt crisiswas expanding and deepening its threat to financial ...
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WORLD FOREX: Dollar Fights Back As Risk Aversion Grips Markets
Wall Street Journal
A meeting of euro-zone finance ministers starting next Monday is widely seen as key to the debt crisis. "The European story dominates," said Alan Ruskin, global head of G10 foreign exchange strategy at Deutsche Bank in New York. ...
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Euro exit as legal quagmire
FT Alphaville (blog)
Ignore (for now) the question of whether, or when, or should the periphery leave the euro, as part of adebt restructuring or a long process of fixing their balance of payments crisis. We want to have another look at its legal possibility. ...
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Sell In May And…
FXstreet.com
In addition, industrial production figures in both the Euro zone and the UK came in worse than expected, showing signs that those economies may be weakening as well. Add in the risk from theEuro debt crisis and you have the perfect recipe for lower ...
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IMF: major changes necessary to tackle eurozone's debt crisis ...
By BNN
The International Monetary Fund announced on Thursday, May 12, significant changes and additional policy measures are required to prevent the eurozone's sovereign debt crisis.
BNN-NEWS.COM - http://bnn-news.com/
Debt Crisis Could Still Spread To 'Core Euro Area,' IMF Says
By The Huffington Post News Editors
FRANKFURT (Christiaan Hetzner) - Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis could still spread to core euro zone countries and the emerging economies of eastern Europe... Related News On Huffington Post: EU ...
The Huffington Post | Full News Feed - http://www.huffingtonpost.com/thenewswire/
My Gambaru News » Debt crisis could still spread to EU core: IMF ...
By admin
News – Despite bailouts fοr Greece, Ireland аnd Portugal, Europe's debt crisis сουld still spread tο core euro zone countries аnd thе emerging economies οf eastern Europe, thе International Monetary Fund warned οn Thursday. ...
My Gambaru News - http://gambarunews.co.cc/
Debt crisis could still spread to EU core: IMF (Reuters)
By Yahoo! News: Top Stories
Reuters - Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis could still spread to core euro zone countries and the emerging economies of eastern Europe, the International Monetary Fund warned on Thursday. ... Similar News Articles. May 12, 2011 -- Kohl's raises outlook; margins steady ( Reuters) Reuters - Kohl's Corp reported a higher quarterly profit as the mid- price department store chain kept gross margins steady despite rising cotton prices, ...
WbNews - http://wbnews.in/
Greek debt crisis risks EU 'devastation' | Top Stories | BigPond News
Tension within the EU is mounting amid fears Greece's massive debt may economically devastate the Eurozone. ... Greek debt crisis risks EU 'devastation '. Thursday, May 12, 2011 » 09:05am. LIVE News: Watch it now ... Those calling for a restructuring of the debt 'seem to ignore the potentially devastating implications to finance and stability in the country itself and the euro area as a whole,' Rehn told the European Parliament. Rehn said on Tuesday that a decision whether ...
Priority Top Stories - http://bigpondnews.com/rssfeed/TopStories/
Q&A on Greek debt crisis | The Associated Press | News | San ...
By The Associated Press
A Greek default could make people reluctant to lend to other eurozone countries as well, threatening to spread the debt crisis further. Q: Some economists suggest Greece could abandon the euro and reintroduce its own currency, ...
Examiner Nation RSS - http://www.sfexaminer.com/feeds/49/rss.xml
Thinking the unthinkable on Europe's debt crisis | Economy ...
When the euro was introduced for 11 EU countries in 2002, it was a logical next step in a now more than 50-year process of economic integration. With 17 of the EU's 27 states now in the euro, the single currency is one of the region's ... In those differences, and the debt and deficit imbalances they have wrought, lies the seat of the sovereign debt crisis. If there were tighter political and fiscal integration, with the eurozone one unified economy, the argument goes, ...
FP Top Stories List - http://business.financialpost.com/
NewsDaily: Special report: Europe's Greek tragedy
By Noah Barkin
Delays in dealing with Greece's debt problem increase the likelihood that European governments will pay a high price down the road. That is the crucial difference between the euro zone's debt crisisand the one experienced by Latin ... Reuters calculations, based on a conservative estimate that official lenders -- EU governments, the IMF and ECB -- will hold about 160 billion euros in Greek debt two years from now, show that even eviscerating the entire value of the debt ...
NewsDaily: Business Headlines - http://www.newsdaily.com/
Secession: An answer to the sovereign debt crisis | Southern ...
By Michael
Over the weekend, the news has been full of reports about Scotland getting ready to vote on independence from the United Kingdom after the election victory by the Scottish National Party. ...Also we hear with the usual denials, that Greece is considering withdrawing from the Eurozone due to their sovereign debt problems. The Greek leadership believes dumping the Euro and creating their own currency will allow them to inflate their sovereign debts away as well as getting ...
Southern Nationalist Network - http://southernnationalist.com/blog/
EU On Life Support | Gold News
By Money Morning
One major problem I see is that the European Central Bank (ECB), which handles the monetary policy for the 17 Eurozone member states, is not properly capitalized to handle the demands being made upon it. The ECB is tasked with providing independent ... But one particular catalyst could transform the European debt crisis into a full-fledged conflagration – an inferno intense enough to bring about the dissolution of the Euro-currency structure. That catalyst is Ireland. ...
Gold News - Gold Market Analysis... - http://goldnews.bullionvault.com/
Crisis, what crisis? | European Voice
Crisis, what crisis? By Ian Wishart. 12.05.2011 / 04:55 CET. A secret meeting to discuss theeurozone's sovereign-debt crisis was not secret for long, and the markets are getting increasingly worried. Another week in the eurozone, another round of rumour, ... Shortly before the ministers met, Der Spiegel, a German news magazine, revealed on its website that the meeting was taking place – and that the purpose was to discuss the possibility of Greece leaving the eurozone. ...
European Voice - RSS - http://www.europeanvoice.com/
Bernanke: Risky to Use Debt Ceiling as Bargaining Chip - Real Time ...
By Luca Di Leo
Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis could still spread to coreeuro zone countries and the emerging economies of eastern Europe, the International Monetary Fund warned on Thursday. The IMF said it stood ready to ... Government sources in Athens meanwhile said international inspectors checking on Greece's compliance with its EU/IMF rescue package had found problems and were pressing for deeper spending cuts to cover a revenue shortfall....
Real Time Economics - http://blogs.wsj.com/economics/
Debt crisis could still spread to EU core: IMF - Yahoo! News
Debt crisis could still spread to EU core: IMF ... The semi-annual IMF report said peripheral members of the euro zone needed to make "unrelenting" reform ...
news.yahoo.com/s/nm/20110512/ts_nm/us_eurozone
Effort aside, Europe fails to staunch debt crisis - Best Growth ...
Related Stock Market News. EU's Barroso to tell EU leaders debt crisis now systemic; BRUSSELS, Dec 16 (BestGrowthStock) - The euro zone sovereign debt ...
www.bestgrowthstock.com/.../effort-aside-europe-fails-to-stau...
Effort aside, Europe fails to staunch debt crisis - Economic Times
First, news of the meeting leaked. Then it had to be denied that it was ... "In Portugal, the EU sees this as a liquidity crisis, but it's really a solvency crisis." ... Euro zone crisis escalates on Greekdebt fears. April 18, 2011 ...
articles.economictimes.indiatimes.com/.../29525298_1_euro-z...
Debt crisis could still spread to EU core: IMF
NEWS » INTERNATIONAL BUSINESS. Debt crisis could still spread to EU core: IMF Frankfurt: ...rates after last month's first increase since 2007, saying euro zone monetary policy could "afford to remain relatively accommodative". ...
www.tradearabia.net/news/INTBIZ_198472.html
FxMemo - Forex News - TIMELINE-Greece's debt crisis
April 11 -- Euro zone finance ministers approve 30 billion euros ($40.67 billion ) ... ((For an Interactive timeline on Eurozone debt crisis in the last year ...
www.fxmemo.com/forum/thread/3355992/
Debt crisis could still spread to EU core: IMF | News | Business ...
IMF urges joint action over euro zone crisis ... NEWS - Economy. Comment ... Europe's debt crisiscould still spread to core euro zone countries and the ...
www.businessspectator.com.au/.../WRAPUP-1-Debt-crisis-coul...
IMF: major changes necessary to tackle eurozone's debt crisis
All news. 12.05.2011, 17:10 IMF: major changes necessary to tackle eurozone's debt crisis World: IMF: major changes necessary to tackle eurozone's debt ...
unity.lv/en/news/335635/
WWNO: Debt crisis could still spread to EU core: IMF (2011-05-12)
Debt crisis could still spread to EU core: IMF. (2011-05-12) ... saying euro zone monetary policy could "afford to remain relatively accommodative." ... WWNO 89.9 FM/KTLN 90.5 FM University of New Orleans, New Orleans, LA 70148 ...
www.publicbroadcasting.net/.../Debt.crisis.could.still.spread.to...
Debt crisis could still spread to EU core: IMF (Reuters) | Stock ...
Debt crisis could still spread to EU core: IMF (Reuters) ... Europe's debt crisis may yet spread to core euro zone countries and emerging eastern Europe, .... Rocketnews is a leader in live newsstories, a resource for daily news feeds. ...
www.rocketnews.com/.../debt-crisis-could-still-spread-to-eu-co...
Greek debt crisis - GhanaNation News
Greek debt crisis: Default should not be such a tragedy. ... The eurozone is in a crisis of its own making. AV is dead and buried. ...
news1.ghananation.com/.../151503-greek-debt-crisis-default-s...
Euro zone takes third debt crisis patient into care | Irish Free Press
Irish Free Press – Irish news site serving Local, Regional and National headlines ... But a senioreuro zone source said the range EU officials were working with was ... More than a year into the sovereign debt crisis, which at its peak ...
irishfreepress.com/?p=21651
Debt crisis could still spread to EU core - InvestorsHub
Your Economy (No Politics) Message: Debt crisis could still spread to EU core: IMF. ... saying euro zone monetary policy could "afford to remain relatively ...
investorshub.advfn.com/boards/read_msg.aspx?message_id...

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