Reuters
June 3 - Debt agency sets amount of 6-month T-bills to be auctioned June 7. -- Late May - Government expected to provide further details on 50 billion euro privatisations agenda for 2011-2015, and its medium-term fiscal road map that aims to shrink the ...
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EU Morning Report- Euro continues to fall as the euro zone debt crisis deepens
International Business Times
By Markos Solomou | May 19, 2011 8:01 AM GMT The euro plummeted yesterday weighed by the sovereign debt problems in the euro zone. Speculation that Greece may have to restructure itsdebt as early as this summer increased creating contagion fears for ...
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Mario Draghi: a saviour for the eurozone?
The Guardian
Together with the Italian finance minister, Giulio Tremonti, he is also credited with steering Italy's debt-ridden economy through the crisis without requiring financial assistance. By nominating Draghi, EU leaders have also broken with a second trend ...
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The Guardian
Arrest of IMF head shocks the eurozone
Prague Post
Europe's finance ministers meanwhile continue efforts to stem the Continent's debt crisis, approving on May 16 a 78 billion euro bailout package to Portugal in a three-year program that will be under the administration of both the European Union and ...
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Prague Post
Europe to issue €5bn bail-out bond
Financial Times
By David Oakley The European Union will launch a multibillion-euro bond as early as next week to raise money for the rescues of Portugal and Ireland in an important test of investor sentiment after rows over the Greek debt crisis. ...
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Fund must turn away from DSK's economic mistakes
Financial Times
... by his misguided handling of the eurozone debt crisis. Mr Strauss-Kahn's decision to treat thecrisis as a matter of liquidity rather than solvency led the IMF to eschew any notion of debt restructuring, or exiting from the euro, as a solution to ...
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JSE strengthens on firm commodities
The New Age Online
Besides putting the finishing touches on the €78 billion Portugal bailout package, the main focus of the meetings was how to resolve Greece's deteriorating sovereign-debt crisis. "His (Strauss-Kahn's) absence (from the euro-zone meeting) now raises the ...
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Spain Bond Sale Successful But Challenges Hit Demand
Wall Street Journal
However, the disagreement between European officials and central bankers on whether to restructure Greece's debt burden, and how to go about doing it, caused euro-zone yield spreads to widen again Wednesday. The European Central Bank considers a Greek ...
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Gold gains on weak dollar and Eurozone debt worries
GulfNews
The euro was supported by prospects the ECB will raise interest rates even as the region's debt crisis persists. "The dollar is a bit weaker" and that's supporting gold, said Peter Fertig, the owner of Quantitative Commodity Research Ltd. in Hainburg, ...
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GulfNews
Capital markets: Domestic financing can ease foreign currency woes
Financial Times
By Chris Bryant and Neil Buckley Much ink has been spilt in recent months on why Poland was the only member of the European Union not to fall into recession during the crisis. Strong domestic demand, a well-capitalised banking system, ...
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GLOBAL MARKETS: European Stocks Higher, Debt Fears Assuage
Wall Street Journal
... to see limited contagion from the more troubled peripheral euro-zone countries. "The markets are still willing to give the various branches of the EU authorities the benefit of the doubt that they will come up with a workable solution to the crisis ...
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Europe's Future in a Turbulent World
Brookings Institution
However, the ongoing Eurozone crisis and the fate of debt-laden countries remain issues of concern for both Europeans and Americans. Other critical challenges are also consuming Europe's attention: reversing the economic slowdown and regaining ...
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The Eurozone's crisis isn't holding back its most dynamic companies
CITY A.M.
... now see the Eurozone sovereign debt crisis as the largest tail risk globally – 36 per cent, up from 21 per cent in April. It is therefore not surprising that Coutts advises broad caution on peripheralEurozone debt, equity markets and the euro. ...
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Asian stocks rose amid improved earnings
FXstreet.com
The US debt ceiling, euro zone debt crisis and grim outlook for housing are just some of the headwinds. US: After showing a lack of direction in early trading, stocks showed a strong upward move Wednesday trading session. The markets benefited from an ...
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The transformation of China is transforming the world economy as a whole
Day Press News
Let me say a few words, secondly, about the economic situation in Europe and in theEurozone in particular. Last year we faced an important challenge, a crisis of sovereign debt in the Eurozone. At some point, starting from a problem in Greece, ...
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Day Press News
A look at possible candidates to be next IMF chief
Houston Chronicle
His pivotal role in fighting Europe's debt crisis gives him useful expertise for the IMF, which has been closely involved in bailout programs for more than half a dozen European nations. GORDON BROWN: Allies of Britain's former Labour prime minister...
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Houston Chronicle
A neighbor in the line of fire 'Greek tragedy' revisited by Mustafa Kutlay*
Today's Zaman
The most familiar method used by a country in financial crisis is devaluation, ie, the reduction of the value of its national currency. But countries like Greece that have joined the eurozone cannot do this because all their monetary functions have ...
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Today's Zaman
More reform needed in Greece, IMF says
Ottawa Citizen
The IMF warned Greece on Wednesday it must redouble reform efforts to avoid derailing its fiscal program, key to dealing with a huge debt mountain. The sternest IMF warning since a $152-billionEU/IMF bailout a year ago pulled the troubled euro zone ...
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Special Report: Businessmen more hopeful than politicians over growth
EurActiv
The Belgian minister for enterprise, Vincent van Quickenborne, also called for stronger political leadership to push through structural reforms – in pensions and labour markets – necessary in the wake of the sovereign debt crisis. ...
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Future Of The Euro: Why Europe's Key Currency Is Doomed
DigitalJournal.com (press release)
Last May, thanks to a 110 billion euro bailout, Greece narrowly avoided bankruptcy. But less than a year later, Greece is front and center in yet another European Union crisis - and this time no less than the future of the euro – indeed of the European ...
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Politicians hoping someone might take pity on us!
Southern Star Newspaper
Our European masters met to discuss a reduction of the Greek debt, and the possibility Greece might leave the euro zone if the debt was not reduced. An infuriated Gerry Adams, rightly, tore a slice off the Taoiseach for not knowing about the meeting ...
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It's time to shift to Plan B for PIIGS
The Korea Herald
... losses from causing a sovereign debt crisis. Europe cannot afford to continue throwing money at the problem and praying that growth and time will bring salvation. No one will descend from the heavens, deus ex machina, to bail out the IMF or the EU. ...
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Croatia's economy still 'hibernating', we don't see it awaking before the ...
Balkans.com Business News
"The structural problem of the double deficit, which consists of the current account deficit and the budget deficit and limited the implementation of anti-recession economic policy measures during the global crisis, comes down to the issue of the ...
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Morning Briefing: Prague European Nuclear Forum Eyed
Wall Street Journal (blog)
Lending in Hungary is still in the doldrums since the economic crisis and also due to an extraordinary financial sector tax imposed by the government last year on banks. Lending is unlikely to pick up until the second half of 2011. ...
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Protesters still holding Spanish Square
Socialist Worker
With slogans such as “the guilty ones should pay for the crisis”, and chants like “they call this a democracy but its not”, the movement have struck a chord amongst a population seething with frustration and anger. Spearheading the movement are the ...
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Daily Calls for Changes in Financial System
STA - Slovenska Tiskovna Agencija (subscription)
Greece today is in a worse crisis than it was a year ago, when the eurozone leaders granted the country a EUR 110bn loan, the paper says under "Deaf 'Guardians of the Euro'". The question is whether a complete sell-out would push the country to an even ...
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Strauss-Kahn indicted over alleged sex assault
Montreal Gazette
The vacancy comes at a sensitive time, given the IMF's dominant role in helping euro zone states such as Greece, Ireland and Portugal deal with massive debt problems. Europeans argue that theeuro zone debt crisis means it makes sense for them to ...
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Euro dips vs dollar as Fed's rate path mulled
Reuters
There were opposing views on whether Greece should overhaul its massive debt. Euro zone finance ministers on Tuesday floated the idea of a "soft" restructuring, but the Greek government did not appear keen to adopt their suggestion. ...
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Reuters
ECB steps up rhetoric against Greek restructuring (AP) | US News ...
By admin
FRANKFURT, Germany – The European Central Bank has stepped up its opposition to proposals that Greece not pay its debts on time — deepening a split with other top European officials over how to combat the eurozone's debt crisis. ...
US News Weekly - http://www.usnewsweekly.info/
Strict Management of sovereign debt crisis, EU pledge naked short ...
By admin
Debt restructuring for the European Central Bank's opposition seems strong. As the European Central Bank bought in the past year as high as 76 billion euros in the euro zone government bonds, any debt restructuring will make the European ... Some analysts have said that “naked short selling” transactions contributed to the debt crisis intensified in Europe one of the important factors. Sovereign bonds in order to prevent speculative activities in the EU capital markets, ...
Finance online - Financial Advice|Fin... - http://www.finance-ol.com/
Merkel says European should replace Strauss-Kahn (Reuters) | WorldNews
By admin
BERLIN (Reuters) – German Chancellor Angela Merkel called on emerging powers Thursday to accept a European as the next head of the IMF, citing the lender's role in the euro zone debt crisisand Dominique Strauss-Kahn's early resignation . ... “Of course currently there are talks about this, I will not name any names but we will discuss this within the European Union. It is of course of great importance that we find a quick solution.” (Reporting by Brian Rohan, ...
WorldNews - http://worldnews.cronews.net/
Financialmirror.com News - IMF sounds alarm for Greece, more ...
By FM
The sternest IMF warning since a 110 billion euro EU/IMF bailout a year ago pulled the troubled euro zone member back from the brink of bankruptcy was delivered as European officials raised the possibility of a Greek debt restructuring. "The view that seems to be taking hold is that ... The recent arrest of IMF head Dominique Strauss-Kahn on attempted rape charges has placed a question mark over the leadership of the fund and in turn its role in the euro zone debt crisis. ...
News RSS Feed - http://www.financialmirror.com/News/newsCategory_2.rss
Keynes, money, and progressive redistribution. [JHoward]
By JHoward
... current mental incapacity to come to terms with the deeper causes of the euro crisis and to, at long last, recognize that the debt crisis is a symptom, not the cause, of the string of failures that threaten the eurozone's very existence. ... Based on this piece, I suspect author Yanis Varoufakis (Professor of Economic Theory and Director of the Department of Political Economy in the Faculty of Economic Sciences of the University of Athens) hews to popular reasoning on ...
protein wisdom - http://proteinwisdom.com/
Three green bottles each about to fall: which will be the fourth ...
By charlesrowley
The Obama administration should be watching events closely across the Euro-zone and should be initiating the kind of draconian spending cuts entered into by Britain and Germany to fend off the growing prospect of a US sovereign debt default. ... Patrice Hill, 'Europe debt crisis forces nations to make tough calls.' The Washington Times, May 19, 2011. Global financial markets have been bracing for the possibility of a Greek default for weeks. A survey by Bloomberg news ...
Charles Rowley's Blog - http://charlesrowley.wordpress.com/
Strauss-Kahn casts shadow over EU debt crisis talks - Yahoo! News
Strauss-Kahn casts shadow over EU debt crisis talks ... meeting aimed at easing the euro debt crisis and considering a new bail-out for Greece. ... IMF over the extent to which the eurozone crisisdominated Strauss-Kahn's focus. ...
news.yahoo.com/.../eufinanceeconomybailoutgreeceimfuscrim...
IMF warns Euro zone debt crisis could - One News Page [UK] Money
FTSE live: Euro crisis hits banks; Autonomy gains on deal. 10.10:The FTSE 100 is under the cosh as talks to resolve the eurozone debt crisis are thrown into ...
www.onenewspage.co.uk/.../IMF-warns-Euro-zone-debt-crisis...
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