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May 14, 2011

EUROZONE Debt Crisis News, May 14, 2011

Drip, drip from the euro debt crisis
Reuters
By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) - The euro zone debt crisis is a story that just will not go away, a drip-drip water torture that investors and financial markets cannot ignore. So while investors may want to focus in...
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Reuters

Inflation, unemployment, debt crisis threaten EU growth
Monsters and Critics.com
Brussels/Luxembourg - The European Union's economic recovery is threatened by rising inflation, a stubbornly high unemployment rate and market jitters related to the sovereign debt crisis, the bloc's executive warned on Friday. ...
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EU's Van Rompuy looks to China on debt crisis
Reuters
By Luke Baker BRUSSELS, May 13 (Reuters) - The European Union's most senior official travels to China next week for talks on the euro zone debt crisis, trade and business, with Beijing playing a critical role in buying distressed European debt. ...
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Euro zone debt worries hit European shares
Reuters
By Joanne Frearson LONDON, May 13 (Reuters) - European shares fell on Friday, weighed down by hawkish comments from European Central Bank Governor Jean-Claude Trichet on the peripheraleuro zone sovereign debt crisis, plus a rise in US inflation to a ...
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Stocks, euro fall on economy, debt worries
Reuters India
By Wanfeng Zhou NEW YORK (Reuters) - Uncertainty about the global economy and anxiety over Europe's debt crisis pushed major stock markets sharply lower on Friday and sent the euro to a six-week low against the US dollar. ...
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'The Euro is not sustainable with the actual ECB and EcoFin system' - Yanis ...
FXstreet.com
In the absence of structural reform of the eurozone's architecture, a debt restructure, on its own, will be as inevitable as it is potentially destabilizing in the context of the banking sector crisis that is unfolding in parallel to the debt crisis. ...
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FXstreet.com
Markets ending week subdued despite strong data
Seattle Post Intelligencer
Meanwhile, Europe's debt crisis has flared up again and Greece is widely expected to require a second bailout soon. "Markets continue to hesitate," said Herve Goulletquer, an analyst at Credit Agricole. "The data flow sends a contradictory message ...
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Currency markets focus still placed at the doorstep of the European debt crisis
FX-MM
Focus in currency markets is still placed at the doorstep of the European debt crisis, which will likely be the driver for trade in the days to come. EU and IMF officials continue to evaluate the progress Greece has made towards achieving its goals of ...
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Stocks fall as European financial crisis expands
Seattle Post Intelligencer
Stocks in countries that use the euro fell after the European Union warned that the debt loads of Greece, Ireland and Portugal will be larger than originally thought. Officials said that Greece needs to cut spending further, which led to concerns that ...
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ECB's Liikanen: rules neede
MarketWatch
By Arild Moen HELSINKI -(MarketWatch)- After this ongoing debt crisis the European Union will have to make new rules in order to make banks more responsible, European Central Bank Governing Council member Erkki Liikanen said Friday. ...
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European GDP data mostly exceeds expectations
FXstreet.com
Euro Zone debt crisis was a downside risk to CPI but prolonged low interest rates could risk overheating economy. The central bank reiterated its desire to return to more normal levels. Members Zamrazilova and Janacek voted for rate hike - India ...
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NTMA deposits push Irish banks' ECB borrowing down
Reuters
... Ireland's own central bank fell by 12 percent in April primarily due to the country's debt agency temporarily placing deposits with some lenders. Irish banks, at the root of the country's financialcrisis and its 85 billion euros EU-IMF bailout, ...
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Borrell: Lack of political will is exacerbating EU integration fatigue
EurActiv
In the same way, as soon as we had a migratory crisis in Europe, Schengen had problems. Is there really a migratory problem in Europe? No, nor was there a problem with the Greek debt. Greece makes up 2% of the euro zone's GDP. ...
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Japan Credit Rating Agency CEO: Main Rating Cos 'Oligopolistic'
Wall Street Journal
LUXEMBOURG (Dow Jones)--Europe would benefit from having its own credit rating company that understands the bloc's specific nature, after the main credit ratings companies exacerbated the recent sovereign debt crisis, the head of the Japan Credit ...
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Dollar strengthens against euro
San Francisco Chronicle
A little over a week ago the euro was worth as much as $1.49. Despite the better-than-expected data from the eurozone, worries about the region's debt crisis continued. The European Unionwarned Friday that Greece's debt is growing faster than had been ...
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Europe shares, euro fall
Channel News Asia
"We believe that the negative risks from the sovereign debt crisis are starting to weigh on the euro," said Kathleen Brooks at Rabobank. "The crisis seems to be entering a new phase with the prospect of a second bailout for Greece... investors remain ...
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EURO GOVT-Portuguese yields extend falls but Greek woes persist
Reuters
This situation cannot go on indefinitely, leaving a restructuring of Greece's debt as one of the only viable options," Nolan added. Euro zone finance ministers meet on Monday although a resolution to the Greek crisis is not anticipated. ...
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Finland Gives Conditional Yes To Portugal Bailout
Wall Street Journal
Portugal said last week it has arranged a three-year, ???78 billion bailout program with theEuropean Union and the International Monetary Fund to help its ailing economy. But the deal has to be supported unanimously by all euro-zone governments. ...
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Finland's Political Parties Agree To Back Portugal Bailout
RTT News
(RTTNews) - Three of the four main political parties in Finland have agreed to support a joint EU-IMF bailout package worth 78 billion euros offered to Portugal for helping the EU member nation tackle itsdebt crisis, officials said Thursday. ...
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Rising Self-Interest Frays EU Spirit
Spiegel Online
The euroskepticism sparked by the euro crisis has become an epidemic. Experts warn of a retreat to nationalism. They were the usual words of reassurance and conciliation. "Content is more important than timing," EU Energy Commissioner Günther Oettinger ...
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Spiegel Online
METALS-Copper rises on upbeat European economic data
Reuters Africa
But some analysts warned of more volatility in commodity prices due to uncertainty over the euro zone debt crisis and more monetary tightening measures by top consumer China. Europe's No.2 copper producer, KGHM (KGHM.WA: Quote), expects copper prices ...
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Greek debt fears fuel new aid talks
Ct Post
Citizens of the weaker countries, meanwhile, feel like they are being ripped off by the rich states, who demand high interest rates for rescue loans, and the big banks that were central to the financialcrisis but whose bondholders have largely been ...
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Relief for investors as EU reaches CDS deal
Financial Times
Suki Mann, credit strategist at Société Générale, says: “The CDS market did not create theeurozone crisis. Government borrowing costs rose for the likes of Greece because of unsustainabledebt levels. I don't think anyone can seriously argue otherwise ...
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JSE shrugs off gloomy global stocks
The New Age Online
Despite upbeat US consumer sentiment and euro-zone economic growth figures, world equities fell on concerns over Greece's debt crisis. Dow Jones Newswires reported that US stocks fell on Friday despite better-than-expected readings on US consumer ...
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Britain will no longer foot the bill for the EU's bankrupts
Telegraph.co.uk (blog)
To sum up, so far we have unloaded some £11 billion on the eurozone crisis. This represents a very significant percentage of the so-called cuts which Osborne imposed in last year's Budget, and which brought hundreds of thousands of protesters on to the...
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Telegraph.co.uk (blog)
Reserve Bank holds rates as markets, gold and oil tumble
Business Day
The European Union has been struggling to convince investors that aid to Greece, Ireland and Portugal will be enough to stamp out the debt crisis and prevent the euro -zone's first restructuring. The International Monetary Fund said in a report ...
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EU praises China's help on economy
People's Daily Online
"This has been important in helping to underpin confidence and stabilize markets," she said, adding that the EU is determined to take all necessary measures to ensure the success of eurostabilization. Following the sovereign debt crisis in Europe, ...
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IMF warns EU debt crisis may still spread to core (Reuters) | US ...
By admin
IMF warns EU debt crisis may still spread to core (Reuters). FRANKFURT/ATHENS ( Reuters) – Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis may yet spread to core euro zone countries and emerging Eastern Europe, ...
US News Weekly - http://www.usnewsweekly.info/
Update: Stark: Restructuring No Solution To EMU Debt Crisis ...
Update: Stark: Restructuring No Solution To EMU Debt Crisis. By Market News International || May 13, 2011 at 17:55 GMT. || 0 comments || Add comment. –Adds Comments On New EU Governance Rules, Divergence Among Economies ... “The economic recovery of the overall Eurozone is becoming more solid and broadly based,” he said. There is no need for “fiscal or monetary support anymore.” Nor is the euro itself in crisis, he insisted. “Regardless of the current problems, the euro...
ForexLive - http://www.forexlive.com/
The Coming Crisis: European Union debt crisis is in danger of ...
By Lynsey
The European debt crisis could spread across the continent in a major blow to the single currency, leading economists warned last night. Turmoil in Greece, Ireland and Portugal may engulf the widereurozone despite the billions of pounds ... The report said: 'Strong policy responses have successfully contained the sovereign debt and financial-sector troubles in the euro area periphery so far. But contagion to the core euro area and then onward to emerging Europe remains a ...
The Coming Crisis - http://thecomingcrisis.blogspot.com/
Germany powers eurozone economic surge | The Associated Press ...
By The Associated Press
Despite the ongoing debt crisis in the eurozone, the European Central Bank is expected to carry on raising interest rates over the coming few months, especially as the economic recovery becomes entrenched. ...
Examiner RSS - http://www.sfexaminer.com/feeds/all/rss.xml/wp-login.php/wp-login.php
NewsDaily: Germany, France propel euro zone; growth gulf widens
By Brian Rohan and Leigh Thomas
But with euro zone inflation at its highest since the financial crisis hammered the economy in late 2008, markets expect the bank to look past the debt crisis and raise rates to 1.5 percent in July and again before the end of the year. ... BRUSSELS, May 4, 2011 (Reuters) — Portugal and Greece talked up the benefits of Lisbon's decision to accept a multi-billion euro bailout from the European Union and IMF on Wednesday, but the outlook for both countries and Ireland ...
NewsDaily: Top Headlines - http://newsdaily.com/?q=Save+Us+From+Berlusconi
Stocks fall as European financial crisis expands « Artesia News
By admin
Robust economic growth figures for the eurozone helped shore up stock markets in Europe Friday, May 13, 2011 and gave the euro some respite after a savage sell- off over the previous week. ...Stocks in countries that use the euro fell after the European Union warned that the debt loads of Greece, Ireland and Portugal will be larger than originally thought. Officials said that Greece needs to cut spending further, which led to concerns that the assistance the country has ...
Artesia News - http://www.artesianews.com/
European Union debt crisis is in danger of spreading, warns IMF ...
By Jane Burgermeister
The European debt crisis could spread across the continent in a major blow to the single currency, leading economists warned last night. Turmoil in Greece, Ireland and Portugal may engulf the widereurozone despite [...because of...] the billions of pounds already ... Read more: http://www.dailymail.co.uk/news/ article-1386566/EU-debt-crisis-danger-spreading.html#ixzz1ME3Xo9ND. This entry was posted on Friday, May 13th, 2011 at 11:31 am and is filed under Uncategorized. ...
Case About Bird Flu - http://birdflu666.wordpress.com/
Even As Periphery Languishes, Stronger Core Eurozone Growth Sends ...
By Tyler Durden
“I'm rather optimistic for the euro-region outlook overall, while periphery states remain a problem,” said Christoph Weil, a senior economist at Commerzbank AG in Frankfurt. “Germany will remain the growth pillar. ... GDP has now exceeded the pre-crisis level at the start of 2008, the statistical office noted . "Lingering sovereign debt worries within the Eurozone periphery economies are unlikely to go away soon and will continue to weigh down on the euro so we are ...
zero hedge - on a long enough... - http://www.zerohedge.com/fullrss2.xml
billy blog » Blog Archive » Europe continues to demonstrate it has ...
By bill
The Speigel story said that “(t)he debt crisis in Greece has taken on a dramatic new twist” and that “sources” told the journalist that the Greek government was considering leaving the Eurozone and reintroducing its own currency. .... Which brings me to an article today (May 13, 2011) – Every euro-zone crisis is different – written by one Daniel Gros, who is the director of the Centre for European Policy Studies and has a PhD in Economics from Chicago, which I guess, ...
billy blog - http://bilbo.economicoutlook.net/blog/
What Drives the U.S. Dollar? :: The Market Oracle :: Financial ...
Although the Euro zone debt crisis has been running for over a year, the Euro had until recently, enjoyed a strong rally against the Dollar, helped by strong Euro zone/German data and the advent of an ECB tightening cycle. Whereas the Dollar seemed ... There is talk in the markets and in thenews that a debt restructuring is imminent - although denied. And Ireland is resisting pressure to raise her corporate tax rates, in exchange for lower rates on her rescue package. ...
The Market Oracle - http://www.marketoracle.co.uk/
Bauer Says Some Euro Members May Need Debt Restructuring | www ...
By marketmaker
Reuters - Greece insisted on Tuesday any restructuring of its debts would be a disaster for the economy, but financial markets continue to view it as likely and are betting that the euro zone debt crisis will worsen. ...
Bullfax.com - Market News & Analysis - http://www.bullfax.com/
IMF warns Euro zone debt crisis could spread unless countries fix ...
IMF warns Euro zone debt crisis could spread unless countries fix their banks ... Good news for savers as inflation-beating account returns to the market ... Eurostat, the EU's statistics office, revealed that industrial production fell ...
www.dailymail.co.uk/.../IMF-warns-Euro-zone-debt-crisis-spr...
IMF warns EU debt crisis may still spread to core - RealClearMarkets
IMF warns EU debt crisis may still spread to core ... Europe's debt crisis may yet spread to coreeuro zone countries and emerging Eastern Europe, ...
www.realclearmarkets.com/.../imf_warns_eu_debt_crisis_may...
IMF warns EU debt crisis may still spread to core
UK News in real time. 03:03:20. total news: 150355 ... IMF warns Euro zone debt crisis could spread unless countries fix their banks ... The EU has battled to stem a debt crisis that has raged for over a year and pushed Greece, ...
www.newsrt.co.uk/.../imf-warns-eu-debt-crisis-may-still-sprea...
China backs Europe for win-win results amid prolonged debt crisis ...
The sovereign-debt crisis continues to cloud the euro zone's prospects a ... Other weak eurozonemembers are also suffering grave debt problems. ... SINA English is the English-language destination for news and information about China . ...
english.sina.com/china/2011/0509/372549.html
IMF warns EU debt crisis may still - One News Page [UK] Business
IMF warns EU debt crisis may still spread to core: FRANKFURT/ATHENS (Reuters) - Despite ...IMF warns Euro zone debt crisis could spread (news article) ...
www.onenewspage.co.uk/.../IMF-warns-EU-debt-crisis-may-st...
Debt crisis could still spread to EU core: IMF | Finance headlines ...
What "Bond Vigilantes" Really Think About The Debt Crisis ... raises bet against U.S. government debt · Euro zone takes third debt crisis patient into care ... Do you have a press release, newsarticle, or simply a link to a good story? ...
thenewslist.com/.../debt-crisis-could-still-spread-to-eu-core-imf...
Mixed news from the Eurozone - Silobreaker
Mixed news from the Eurozone - [31 mins ago - The Coffee House ... The euro zone debt crisisnever went away ever since it first erupted in early 2010. ...
www.silobreaker.com/mixed-news-from-the-eurozone-5_226...
Free Internet Press :: Euro Zone In Crisis - Greece Says Debt ...
Live news from around the world. FIP Year In Review Top stories by year. ... Euro Zone In Crisis - Greece Says Debt Haircut Would Be 'A Huge Mistake' .... Greek Debt Crisis - Proposal For European Monetary Fund Wins E.U. Approval ...
freeinternetpress.com/story.php?sid=30051
IMF warns EU debt crisis may still spread to core (Reuters)
... Europe's debt crisis may yet spread to core euro zone countries and emerging Ea. ... YahooNews: Business logo Yahoo News: Business 18 hours ago ...
topics.lifewhile.com/article/0gjS6sl9C1e3m?q=International...
IMF warns EU debt crisis may still spread - Shielded Search
Results 1 - 10 ... globenews24.com/EN/news,debt-crisis-could-still-spread-to-eu ... Europe's debtcrisis may yet spread to core euro zone countries and emerging ...
shieldedsearch.com/resultsG2.php?q=IMF+warns...
Debt crisis could still spread to EU core-IMF
FRANKFURT - Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis could still spread to core euro zone countries and the emerging ...
freerepublic.com/focus/f-news/2718744/posts?page=1
fuckfrance.com - IMF warns EU debt crisis may still spread to core ...
fuckfrance.com engages in lively uncensored news and debate on world politics, ... Europe's debt crisis may yet spread to core euro zone countries and ...
www.fuckfrance.com/.../IMF-warns-EU-debt-crisis-may-still-s...

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