Fitch cuts Greek rating, warns of further downgrades
Reuters India
... European Union/International Monetary Fund bailout, Greece is struggling with weak revenues and a deep recession, fuelling speculation that it will have to restructure its debt to pull itself out of the fiscal mess that triggered a euro zone crisis ...
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European stock market, economy and companies update (May 19, 2011)
Stock Markets Review
... prices which continued on to the EU session. UK retail sales were also stronger than expected. Meanwhile, any further rally in equities was likely limited by the formal resignation of IMF's chief DSK at the height of the Eurozone debt crisis. ...
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Strauss-Kahn sex charges likely to isolate IMF in debt crisis talks
Reuters India
... European Union/International Monetary Fund bailout, Greece is struggling with weak revenues and a deep recession, fuelling speculation that it will have to restructure its debt to pull itself out of the fiscal mess that triggered a euro zone crisis ...
See all stories on this topic »
European stock market, economy and companies update (May 19, 2011)
Stock Markets Review
... prices which continued on to the EU session. UK retail sales were also stronger than expected. Meanwhile, any further rally in equities was likely limited by the formal resignation of IMF's chief DSK at the height of the Eurozone debt crisis. ...
See all stories on this topic »
Strauss-Kahn sex charges likely to isolate IMF in debt crisis talks
The Guardian is offline. News Feed The Guardian's Avatar ... Nicolas Sarkozy, wrestled with theeurozone's biggest crisis since its inception. ... waters," said Jan Randolph, head of sovereign risk analysis at IHS Global Insight. ...
www.thebellforum.com/showthread.php?t=49981
KRCL: IMF says Europe must dig deeper to tackle debt crisis (2011 ...
IMF says Europe must dig deeper to tackle debt crisis. (2011-05-20) ... Chopra said all euro zonecountries needed to accelerate "repair and reform" of ...
www.publicbroadcasting.net/.../IMF.says.Europe.must.dig.dee...
IMF says Europe must dig deeper to tackle debt crisis - Worldnews.com
Yahoo Daily News BRUSSELS (Reuters) – The main option under ... one source with insight into the discussions on Greek debt said, referring to the Monday meeting . ... top European officials over how to combat the eurozone's debt crisis. ...
article.wn.com/.../IMF_says_Europe_must_dig_deeper_to_tac...
EU Needs Comprehensive Plan To Solve Debt Crisis - IMF
Wall Street Journal
By Eamon Quinn Of DOW JONES NEWSWIRES DUBLIN (Dow Jones)--The European Unionneeds to devise a whole new "comprehensive plan," including boosting the scale of aid, if it is to solve the debt crisis facing Ireland and other countries using the euro, ...
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US Stock Declines Accelerate As Euro-Zone Debt Worries Re-Emerge
Wall Street Journal
The declines come as the IMF said the European Union need to devise a whole new "comprehensive plan", including boosting the scale of aid, if it hopes to solve the debt crisis facing Ireland and other countries using the euro. "Europe is definitely the ...
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There is no eurozone debt crisis: OECD chief
Xinhua
"The problem is that, Frankly, they don't have a lot of experience in dealing with that crisis in Europe," he said. "But now they changed the rules and they are addressing it." Debt problems have troubled the euro zone and even the European Union for ...
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Euro falls sharply on Greek downgrade
Independent Online
The euro fell sharply on Friday, giving up early gains after a Fitch ratings downgrade for Greece sparked fresh fears over the eurozone debt crisis, dealers said. Fitch Ratings slashed Greece's credit ratings by three notches to B+ because of its ...
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Independent Online
EU consumer confidence up in May despite eurozone debt concerns
Monsters and Critics.com
Brussels - Consumer confidence in the eurozone and in the European Union at large grew in May despite continuing worries over the eurozone debt crisis, according to data released by the European Commission on Friday. According to the commission's flash ...
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Germany and the Eurozone Sovereign Debt Crisis:
Socialist Project
The obvious place to start might be the sovereign debt crisis that afflicted the Third World, and especially Latin America, in the 1980s. Here the present OECD Secretary-General, Angel Gurría, who has been a steadfast supporter of Chancellor of the ...
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Socialist Project
Resignation of Strauss-Kahn increased a risk of banking crisis in Europe
The Voice of Russia
Now the situation is escalated, and the crisis will intensify in the months ahead. The reality is that, especially for Greece, policymakers need to address the possibility of a soft format of debt restructuring. I think the longer policymakers are ...
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The Voice of Russia
Five ways to solve the eurozone crisis
The Guardian
In essence, the bailouts help banks holding sovereign debt of crisis countries to socialise their investment risk. And the more debt is bought up by the ECB – or maybe by the lending facilities themselves – the more the taxpayers are liable. ...
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The Guardian
East Will See Fewer Benefits From Fast Euro Adoption, Belka Says
Bloomberg
The European Union's largest eastern members are slowing euro preparations as western governments struggle to contain a debt crisis that almost ripped the currency apart. Policy makers are reluctant to adopt the fiscal rules required to join the euro ...
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EU Integration Would Come at a High Price
Wall Street Journal
This could well have significance for how the European sovereign debt crisis pans out. At recent UK elections, the Scottish National Party became the first party to win a majority of seats in the Scottish Parliament, a regional legislature inaugurated ...
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The market activity throughout the Asian session
FXstreet.com
However, the dollar strength seen this morning off the back of a increase in nervousness surrounding the Eurozone peripheral debt crisis has resulted in crude giving back all of its previous gains. Commodities generally have slipped back on reduced ...
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FXstreet.com
Hefty bailouts and a refugee tsunami threaten to overwhelm unaccountable EU
The Australian
The EU is also threatened by a political and cultural crisis. With the Greek economy in a state of disintegration, European leaders know there is no alternative but to restructure this nation's debt. They may use the euphemism of re-profiling debt to ...
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Euro rises on poor US data
Zawya
LONDON, May 20, 2011 (AFP) - The euro hit a nine-day high point against the dollar on Friday on sluggish US economic data, as dealers set aside worries over the eurozone debt crisis. The European single currency leapt to $1.4346 -- the highest level ...
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A bigger, uglier financial crisis looms – Chinese economists
Moneyweb.co.za
The European sovereign debt crisis, the International Monetary Fund (IMF) has warned, could easily spread to core Euro-zone countries and emerging Europe. China-EU trade hit about US$667bn in 2010, and China has said that it has continued to buy ...
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Morning Briefing: Slovakia's Makuch Speech, Polish Data in Focus
Wall Street Journal (blog)
He might, however, also share his views on the ECB interest rate policy-making and talk on the ongoing debt crisis griping Greece and other euro-zone members. In Poland, recent signs of a soft spot in global industrial production should not affect ...
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EU to raise 15.3 billion euros for Portugal, Ireland by July
Malaysia Star
Ireland was granted its own 67.5-billion-euro bailout late last year after a banking crisis blew a massive hole in its public finances. The EU and its core eurozone bloc will use two top-rated financial mechanisms to conduct various borrowing ...
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Eurozone Consumer Confidence At 6-month High In May
RTT News
Further, the peripheral debt crisis and related events are likely to dampen demand in coming months. Such concerns were evident in the results of the ZEW economic sentiment survey for Germany released earlier in the week. Economic sentiment in the...
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RTT News
European Stocks Retreat for Third Week on Economy, Greek Credit Downgrade
Bloomberg
... sovereign debt crisis is still unresolved,” Claudia Panseri, the Paris-based head of equity strategy at Societe Generale SA, wrote in a report today. Current valuations of European stocks “only partially reflect the risks underlying the euro zone. ...
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EBRD Ups 2011 Growth Forecast For East Europe To 4.6% Vs 4.2%
Wall Street Journal
Before the euro-zone fiscal crisis, policy makers were concerned that the financial crisis that followed the collapse of Lehman Brothers would set off to a flight of capital from eastern Europe. That threat was contained, in part because of the Vienna ...
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EU Juncker: All Elements Concerning Greek Restructuring Insufficient
Wall Street Journal
Juncker also reiterated his support for a euro-zone candidate to replace Dominique Strauss-Kahn as managing director of the IMF. "We are at the epicenter of the global crisis so a good knowledge ofeuro specifics" would be important for the next IMF ...
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Bailout unlikely to save backward Portuguese economy
Irish Times
The Lusitanian country's global influence has long since waned and, in April, it became the third euro zone state to seek financial assistance from the European Union after a political crisis pushed borrowing costs to punitive levels. ...
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Irish Times
CANADA STOCKS-TSX set to open softer, commodities offer support
Reuters
N] * European shares turned flat as traders said investors were cutting back on their risk exposure in case of adverse news over the weekend concerning the euro zone peripheral debt crisis. [.EU] * Asian stocks were mixed with Nikkei closing down after ...
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Emerging Markets Battle Developed Countries to Deliver New IMF Managing Director
Money Morning
She stands out because of her headline role in helping manage the Eurozone's debt crisis. The Financial Times named Lagarde the best finance minister in Europe in 2009. She would be the first female to assume the managing director position. ...
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BUSINESS IN BRIEF 20/5
VietNamNet Bridge
Irish economic experts spoke about their country's public debt crisis and experiences during theEU/IMF bailout to Vietnamese experts and businesspeople during a seminar yesterday in HCM City. "What happened was not unique to Ireland and merited ...
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Europeans race to nominate Strauss-Kahn successor
Stuff.co.nz
IMF official Ajai Chopra, following Strauss-Kahn's line, said a more comprehensive approach to theeuro zone debt crisis was urgently needed and the EU should do more to help Ireland regain access to debt markets. While US Treasury Secretary Timothy ...
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Greek bond yields surge to record high on default fears
Citywire.co.uk
by Dylan Lobo on May 20, 2011 at 13:28 The yield on 10-year Greek government bonds have touched record highs on fears the nation will default on its debt repayments. Amid signs the EU will allow Greece to undertake a 'soft' debt restructuring, ...
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Norway - Biannual address to the Storting on important EU and EEA matters
ISRIA (registration)
The financial crisis and the serious debt situation in several EU member states also form part of the backdrop to this address. Although growth rates have picked up in some European countries such as Sweden and Germany, the situation is generally shaky ...
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Ongoing protests rock Spain ahead of vote
EUobserver.com
Forecasts predict a crushing defeat for the ruling Socialist party, amid perceptions that the government of Prime Minister Jose Luis Rodriguez Zapatero has been slow to react to the financialcrisis. Traditional allies of the centre-left leader have ...
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Banks Are Winning the War Against Regulators
CNBC.com
“I do not understand how our regulators let them (the banks) walk away like that after the recentcrisis,” Zulauf said. He added Europe needed a banking system that is strongly capitalized and has the ability to act as a shock absorber during downturns ...
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EUR Stumbles on Spain Protests, Bundesbank Pronouncement on Economy, Options
IBTimes Hong Kong
... in the Euro-zone may need to be rescued. That would be by far the biggest domino to fall in the sovereign debt crisis and would likely overwhelm the rescue facilities set up by the EU. This unease was seen as bond yields for Spanish debt rose. ...
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Greece - PM - Meeting with the new Secretariat of European Trade Union ...
ISRIA (registration)
I believe that if we did have these as tools in the European Union today we would be able to deal with the crisis in the euro zone in a much more effective way, and I would also say a much more just way. Sometimes we talk about the need that the banks ...
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PES leader proposes Greek crisis solution
EurActiv
The Greek crisis could be resolved if EU leaders were to allow a longer repayment period and lower the interest rate under a bond swap, using a genuine European guarantee mechanism at no cost to Greece's European partners, Party of European Socialists ...
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There is No EuroZone Debt Crisis | Live Stock Trading News ...
By Shayne Heffernan
There is No EuroZone debt crisis. The Secretary-General of the Organization for Economic Co-operation and Development Friday voiced confidence in the Euro's bright future, saying the current debt problem should not be called a “EuroZone ...
Live Trading News - http://www.livetradingnews.com/
NewsDaily: IMF says Europe must dig deeper to tackle debt crisis
By Carmel Crimmins and Paul Carrel
NewsDaily: Your best source for breaking news .... FRANKFURT/ATHENS, May 13, 2011 (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 on Thursday. Copyright Reuters 2008 . ...
NewsDaily: Top Headlines - http://newsdaily.com/?q=Save+Us+From+Berlusconi
Saving the Euro – Our Way | IP - Global-Edition
By Jordan
As Europe was confronted with the debt crisis of eurozone states, Germany's Chancellor Angela Merkel seemed to take center stage. Nothing, it seemed, would happen in Europe without Berlin. But did Merkel really call the shots? ... For the first time, a country's excessive debt, not just its deficit, can lead to corrective measures. Starting in 2013 a new—and from now on permanent—European stability mechanism will replace the European Financial Stability Facility (EFSF ). ...
IP - Global-Edition - http://www.ip-global.org/
Fitch cuts Greek rating, warns of further downgrades (Reuters ...
By admin
One year into its EU/IMF bailout, Greece is struggling with weak revenues and a deep recession, fuelling speculation that it will have to restructure its debt to pull itself out of the fiscal mess that triggered a euro zone crisis. ...
US News Weekly - http://www.usnewsweekly.info/
Questions and answers about Europe's debt crisis | The Associated ...
By The Associated Press
The arrest and resignation of Dominique Strauss-Kahn, chief of the International Monetary Fund, has put the debt troubles in Europe back in the news. ... If Europe spawns a new debt crisis, worries about inflation in the U.S. will likely get tossed aside by fears of a wider meltdown. "If everybody gets scared, commodities fall," Kelly says. In trader talk, gold and silver have become "risk ...
Examiner News RSS - http://washingtonexaminer.com/feeds/18/rss.xml/wp-login.php
USAGOLD News and Views » Blog Archive » Gold rallies as Greece ...
By News
“Gold is screaming higher,” said Matt Zeman, a strategist at Kingsview Financial in Chicago. “People are buying gold as a hedge against the uncertainty in Europe . There's a lot of focus again on theeuro zone debt crisis.” ...
USAGOLD News and Views - http://www.usagold.com/cpmforum/
Europe's PIGs: Waiting for a miracle - The Term Sheet: Fortune's ...
By Fortune Editors
Also, the eurozone recovery could stall because of rising oil prices and interest rates, and the debt crisis could rumble on -- and into other countries like debt-laden Italy and Belgium. Coupled with growing public antipathy toward ...
Fortune Finance: Hedge Funds,... - http://finance.fortune.cnn.com/
Italian Draghi Chosen as New Head of the ECB | Spanish Property News
By diane
The finance ministers' decision must be endorsed by the Heads of State and Government of the EUduring the summit scheduled to take place on 24 June, after consulting the European Parliament, and once achieving the approval of the EU ... Draghi's appointment comes amidst instability in theeuro zone due to the debt crisis, with three countries – Greece, Ireland and Portugal – receiving bailouts, a two-speed economic recovery, and inflationary pressures attributed to the ...
Spanish Property News - http://news.kyero.com/
Questions and answers about Europe's debt crisis | www.bullfax.com
By marketmaker
[AP] - The arrest of International Monetary Fund chief Dominique Strauss-Kahn adds more uncertainty to Europe's debt crisis by removing a widely respected expert from talks on how to save the 17-nation eurozone. ... [AP] - The euro briefly fell to a six-week low against the dollar Monday following the arrest of the International Monetary Fund's managing director Dominique Strauss-Kahn, but the selling pressure diminished as the markets concluded that it would have little ...
Bullfax.com - Market News & Analysis - http://www.bullfax.com/
IMF warns EU debt crisis may still spread to core - World news ...
... Europe's debt crisis may yet spread to core euro zone countries and emerging ... euro ($17.27 billion) tranche of its 110 billion euro EU/IMF bailout. ...
www.msnbc.msn.com/.../imf-warns-eu-debt-crisis-may-still-sp...
Debt crisis could still spread to EU core-IMF
Skip to comments. Debt crisis could still spread to EU core-IMF ... saying euro zone monetary policy could "afford to remain relatively accommodative". ...
www.freerepublic.com/focus/f-news/2718744/posts
Strauss-Kahn casts shadow over EU debt crisis talks | Pakistan ...
Strauss-Kahn casts shadow over EU debt crisis talks. ... Pakistan Breaking News, Pakistan News, National, World, Business, Education, Health ... 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. ...
www.onepakistan.com/.../101109-strauss-kahn-casts-shadow-o...
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