Today: EUROZONE Debt Crisis News, May 15, 2011

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May 15, 2011

EUROZONE Debt Crisis News, May 15, 2011

Greek debt crisis to test cohesion of EU
Sydney Morning Herald
An undercurrent of anger and mistrust will permeate tonight's critical meeting of euro zone ministers in Brussels as they grapple with a spiralling Greek debt crisis and try to seal a €78 billion ($104 billion) bailout for Portugal. ..
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'Secret, dark debates' fan flames of eurozone turmoil
Telegraph.co.uk
An undercurrent of anger, suspicion and mistrust will per-meate on Monday night's critical meeting of eurozone ministers in Brussels as they grapple with a spiralling Greek debt crisis and try to seal a €78bn (£69bn) bail-out for Portugal. ...
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Telegraph.co.uk
German economic growth raises case for eurozone aid
Sydney Morning Herald
"Germany must continue to do its bit to contain the eurozone debt crisis," he added, if only to protect its own financial sector which holds a lot of the debt issued by Greece and other peripheral countries. Falling German unemployment should help ...
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Strauss-Kahn Arrest Overshadows Greek Crisis as Talks Persist
Bloomberg
European officials are working to prevent the region's first default as Greek ministers plead for terms to be relaxed on 110 billion-euros ($155 billion) of aid from the IMF and European Union in a debt crisis that has also engulfed Ireland and ...
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What would happen to your money if Ireland defaulted?
Irish Independent
And if that happened, the country would find itself in the middle of a currency crisis. This happened to Argentina when it defaulted on its foreign debt in 2001. Before they defaulted, the Argentine peso was pegged at a par to the US dollar. ...
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Irish Independent
EU President Seeks Closer Ties with China
CRIENGLISH.com
The EU is pinning hope on China to shore up its market confidence as Beijing keeps buying distressed European debts to help stabilize the euro zone's finance that has been dragged down by the sovereign debt crisis for 18 months. ...
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European Central Bank chief: 'There is no euro crisis'
Deutsche Welle
"There is no euro crisis. What we are currently observing in some eurozone countries is primarily adebt crisis in public budgets," Trichet wrote in the mass-circulation Bild am Sonntag. His comments appeared alongside a report that an increasing ...
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IMF chief's arrest won't stop Greek bailout debate
Forbes
"The leadership vacuum at the IMF comes at a highly inopportune time for Europe, which is teetering on the brink of a full-blown debt crisis," said Eswar Prasad, a professor of international economics at Cornell University and a former IMF official. ...
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Weekly Treasury Update
Gulf Times
However, many economists expect some form of extra financing for Greece will be necessary to avoid a debt restructuring. Eurozone finance ministers meet tomorrow although a resolution to the Greek crisis is not anticipated. German Bund futures settled ...
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IMF head's arrest casts shadow on bailout meeting
KBOI-TV
BERLIN (AP) - The arrest of IMF head Dominique Strauss-Kahn complicates a key European meeting on whether to give Greece billions more in aid - but analysts said one man's troubles won't keep the 17 eurozone nations from trying to contain a debt crisis ...
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Europe will listen when we start to make noise
Irish Independent
Firstly, O'Callaghan says, the EU people need to ask why they are giving us financial assistance. The answer is, O'Callaghan says, because without these programmes peripheral countries would default, leading to a banking crisis and a recession in the ...
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Euro growth eclipses rivals despite north-south divergences – Malta absent
Malta Independent Online
Eurozone growth topped US and pre-crisis levels in powerhouse Germany, EU figures showed, but divergences between accelerating northern output and the debt-laden southern nations increased. But there were no figures for Malta's GDP growth in Quarter 1 ...
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Greece says no delay to reform after IMF arrest
Ottawa Citizen
He was due to meet German Chancellor Angela Merkel and attend a meeting of euro zone finance ministers in Brussels on Monday to discuss the euro zone debt crisis and how to handle Greece's bailout plan as the country struggles to meet targets.
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Euro crisis: “This requires a political as well as an economic understanding ...
Slugger O'Toole
IRELAND BADLY needs a strategy to handle the euro zone crisis, rather than reacting defensively to all its latest twists and turns. This requires a political as well as an economic understanding of the dynamics in play at European and national levels. ...
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Forex - EUR/USD weekly outlook: May 16-20
Benzinga
Stark said on Friday that restructuring Greece's sovereign debt would pose potentially incalculable risks to the overall euro zone and would not solve the country's fiscal crisis. Meanwhile, on Friday, comments by ECB President Jean-Claude Trichet ...
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XE.com - GLOBAL MARKETS WEEKAHEAD-Drip, drip from the euro debt crisis
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. ... Home - Tools - News - GLOBAL MARKETS WEEKAHEAD-Drip, drip from the euro debt crisis ... Irish, Portuguese and other debt under control is a slow one, involving long- term austerity programmes, guarantees that need tweaking from time to time and the agreement of 17 euro members, all 27 EU members and some outsiders like the IMF. ...
XE Forex News - http://www.xe.com/news/
German economic growth raises case for eurozone aid (AFP) | WorldNews
By admin
Greece already benefits from a financial aid package worth 110 billion euros ( $155 billion) from theEuropean Union (EU) and International Monetary Fund, but markets estimate it will need up to 60 billion euros in additional aid. With Germany seemingly set for ... “Germany must continue to do its bit to contain the eurozone debt crisis,” he added, if only to protect its own financial sector which holds a lot of the debt issued by Greece and other peripheral countries. ...
WorldNews - http://worldnews.cronews.net/
Europe's Dangerous Game 4 | Free Articles Directory
By 22
News & Society ... The end game on the Greek debt crisis could be near. If Greece defaults on its debt, it could trigger a domino collapse across Europe. But do the strategizers behind the euro have a secret plan that could totally reform the union? ... Total union is the goal of Europe's most powerful leaders. The current economic crisis in Europe is just the most recent tool to force the pace of union, just as the creation of the euro and eurozone was also a tool. ...
Free Articles Directory - http://www.itweb7.com/
Rod 2.0:Beta #gay #news #lgbt #gaynews: IMF Chief Accused of ...
By Rod
The incident is expected to have huge repercussions in French politics and the Euro debt crisis. "Strauss-Kahn had a good chance of becoming France's next President," reports the International Business Times. ...
Rod 2.0:Beta #gay #news #lgbt #gaynews - http://rodonline.typepad.com/rodonline/
NewsDaily: IMF's Dominique Strauss-Kahn faces sex charges
International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn makes remarks at anews briefing to open the IMF and World Bank's 2011 Spring Meetings , an annual gathering of the world's finance ministers and bank governors .... Strauss-Kahn had been due to meet German Chancellor Angela Merkel on Sunday and join euro zone finance ministers in Brussels on Monday to discuss the bloc's debt crisis and how to handle Greece, whose economy is struggling despite being ...
NewsDaily: Top Headlines - http://newsdaily.com/?q=Save+Us+From+Berlusconi
IMF warns EU debt crisis may still spread to core - Yahoo! News
... Europe's debt crisis may yet spread to core euro zone countries and emerging ... Signs of disquiet have begun to emerge from the EU/IMF/ECB troika ...
news.yahoo.com/s/nm/20110512/bs_nm/us_eurozone
Euro zone takes third debt crisis patient into care - Best Growth ...
Related Stock Market News. WRAPUP 2-Euro zone takes third debt crisis patient into care ...EU's Barroso to tell EU leaders debt crisis now systemic ...
www.bestgrowthstock.com/.../euro-zone-takes-third-debt-crisis...
Debt crisis could still spread to EU core: IMF, Germany Economy ...
Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis ... Sign up to Maktoob Business news alerts now for business critical news ... saying euro zone monetary policy could "afford to remain relatively accommodative." ...
en.news.maktoob.com/20090000740632/.../Article.htm
GLOBAL MARKETS WEEKAHEAD-Drip, drip from the euro debt crisis ...
Debt crisis could still spread to EU core: IMF Yahoo Daily News ... IMF urges joint action over euro zone crisis2011-05-12 ...
article.wn.com/.../GLOBAL_MARKETS_WEEKAHEADDrip...

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