Today: EUROZONE Debt Crisis News, May 22, 2011

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May 22, 2011

EUROZONE Debt Crisis News, May 22, 2011

European Union debt crisis is in danger of spreading, warns IMF ...
The European debt crisis could spread across the continent in a major blow to the .... in face of significant headwinds," said Howard Archer at IHS Global Insight. ... I was watching BBC when they first broke this news earlier this evening .... euro fund, paid for by all European taxpayers, to rescueeurozone ...
www.abovetopsecret.com/forum/thread703126/pg1

IMF says Europe must dig deeper to tackle - Insight Broadband
Latest News. IMF says Europe must dig deeper to tackle debt crisis ... demonstrate to markets that it stood fully behind struggling euro zone members. ... their exposure to its debt and Athens would receive a new package of EU/IMF aid ...
www.insightbb.com/reuters/default.aspx?doc=2011...

Greek economic crisis
BBC News
That admission came from Greek Prime Minister George Papandreou this week, with his country facing what felt like a series of ultimatums from elsewhere in theeurozone. As Europe's sovereign debt crisis continues to unfold, Greece has been told in no ...

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BBC News
Greek PM and ECB officials reject debt restructuring
WTAQ
One year into its EU/IMF 110-billion euro bailout, Greece is struggling with weak revenues and deep recession, fuelling speculation that it will have to restructure itsdebt to pull itself out of the fiscal mess that triggered a euro zone crisis. ...
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WTAQ

EU Morning Report-Higher risk sentiment weighs on the US dollar
International Business Times
By Markos Solomou | May 21, 2011 8:31 AM GMT The euro rallied against the greenback on higher demand for riskier assets. A successful Spanish bond auction eased investors' fears that Spain is also falling into the euro zone debt crisis. ...
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US Stocks Drop For Third Week On Euro-Zone, Retail Concerns
Wall Street Journal
In a sign of the pressure on European politicians to spread bailout costs, the International Monetary Fund said the European Union needs to devise a plan to solve the continent's debt crisis. That follows the European Central Bank's warning it may pull ...
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Markets consolidate before The End of the World
Action Forex
The second wave of the Greek debt crisis seems to be focused on the technicalities of default. This time last year the EU authorities together with the ECB and the IMF were trying to find a stop-gap solution to Greek financial crisis, now the hard work ...
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IMF Approves $36.8 Billion For Portugal Bailout
RadioFreeEurope/RadioLiberty
The executive board of the International Monetary Fund (IMF) has approved providing Portugal with 26 billion euros, or $36.8 billion, as part of a rescue package with the European Union to help Portugal overcome its debt crisis and economic problems. ...
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Europe's IMF favourite
Irish Independent
With Greece, which was the recipient of a €110bn EU/IMF bailout 12 months ago, seemingly inevitably destined to default on its €330bn debt mountain, it is clear that there is much more work to be done before the crisis on the eurozone periphery is ...
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SA futures end lower on Wall Street sentiment
The New Age Online
In a sign of the increased pressure on European politicians to spread mounting bailout costs, the International Monetary Fund (IMF) said the European Union needed to devise a new plan to solve the continent's debt crisis. That follows the European ...
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Europe Fights To Hold IMF Post
Investor's Business Daily
Also, the IMF is knee-deep in efforts to address the euro zone debt crisis. An EU-IMF bailout for Portugal was OK'd, but big disputes flared between euro zone finance ministers and the ECB over restructuring Greek debt.
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Strong measures urged to tackle Europe crisis
Gulf Daily News
DUBLIN: The International Monetary Fund called on Europe yesterday urgently to agree a more comprehensive sweep of measures to tackle the bloc's debt crisis, stumping up more money to keep countries afloat. A senior European Central Bank (ECB) ...
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Polish Central Bank raises interest rates
Business Recorder
... the Finance Ministry's decision to convert some of the 13-14 billion euros it has in its coffers this year on the open market appeared to have stabilised the zloty, which could otherwise face pressures from, for example, the euro zone debt crisis. ...
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In Obama's European Trip, Mideast Echoes
Council on Foreign Relations
Obama will also deal with discontent in the European Union, manifested mainly in Germany, over the bailouts and the eurozone crisis, and he will meet with Russian President Dmitry Medvedev to discuss persuading the Russians to agree to joint missile ...
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IMF - Croatia—2011 Article IV Concluding Statement
ISRIA (registration)
However, the experience during the crisis has shown that strategic relationship with parents helped mitigate this risk. Also, while the absence of subsidiaries with parents in debt-distressed Euro zoneperiphery reduces Croatia's exposure to contagion ...
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Strauss-Kahn released from jail on $1 billion bail
Ha'aretz
She has been praised for her role in tackling the European debt crisis and her experience, with France this year chairing the Group of 20, in handing the often conflicting economic demands of advanced and developing economies. ...
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Ha'aretz

UPDATE Juncker:All Elements Concerning Greek Restructuring Insufficient
Wall Street Journal
Juncker reiterated his support for a euro-zone candidate to become the next managing director of the IMF. "We are at the epicenter of the global crisis so a good knowledge of euro specifics" would be important for the next IMF head, he said.
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Strauss-Kahn hidden inside New York safe house (Reuters) | US News ...
By Alwina
Supported in many of Europe's capitals, she has been praised for her role in tackling the Europeandebt crisis, with France this year chairing the Group of 20, in handling the demands of advanced and developing economies. But developing countries, with growing ... With the euro zone debt crisis still far from under control, European and U.S. officials want to move quickly. Strauss-Kahn's arraignment hearing is set for June 6, when he will formally answer the charges. ...
US News Weekly - http://www.usnewsweekly.info/


Latest update headline news | Greek PM rejects debt restructuring ...
By admin
... Greece іѕ struggling wіth diseased revenues аnd the low recession, fuelling conjecture thаt іt wіll hаνе tο restructure іtѕ debt tο lift itself out οf thе mercantile disaster thаt triggered the euro sectioncrisis. ... “Wе саn't assent thе origination οf lobbies іn Europe аnd elsewhere… whісh wish tο pull Greece tο default аnd out οf thе euro zone..” Papandreou affianced tο speed up аnd mention the 50-billion euro privatization рlοt voiced final month, ...
Latest update headline news - http://wharfyouth.org/


S&P cuts credit outlook for Italy to “negative” (Reuters) | WorldNews
By admin
The downward revision, which raises the risk of a downgrade of Italy's sovereign rating, may heighten fears that contagion from Greece's and other European countries' debt crisis could be spreading to the euro zone's third-largest ...
WorldNews - http://worldnews.cronews.net/


Schäuble backs Lagarde for IMF top job - The Local
German Chancellor Angela Merkel said on Thursday that given the IMF's "strong involvement" in theeurozone debt crisis, Berlin wanted to see Strauss-Kahn replaced by a European, and for there to be a swift decision on his successor. " I am of the opinion that we should ... "But I think that in the current situation, with serious problems with the euro and the IMF strongly involved, there is a lot in favour of a European candidate being put forward." AFP/The Local/bk ...
The Local - Germany's news in English - http://www.thelocal.de/


IMF approves $36.8b loan for Portugal : Ghana Business News
By emma
The International Monetary Fund on Friday approved a 26 billion euro ($36.8 billion) loan for Portugal to help the country recover from a debilitating sovereign debt crisis, saying it would immediately disburse 6.1 billion euros to ease investor concerns over the euro zone member's debts. The IMF said in a statement that total financing to Portugal in 2011 will include about 12.6 billion euros from the IMF and another 25.2 billion euros from the European Union. ...
Ghana Business News - http://www.ghanabusinessnews.com/

Euro trashed as debt crisis hammers EU | Mail Online
MailOnline - news, sport, celebrity, science and health stories ... The Eurozone debt crisisdeepened last night as Greece sank further into the mire and ...
www.dailymail.co.uk/.../Euro-trashed-debt-crisis-hammers-EU...


XE.com - FACTBOX-Coming events in euro zone debt crisis
News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters ... the debt crisis in theeuro zone: EUROPEAN UNION: --------------- ...
www.xe.com/news/2011/05/.../1910937.htm?...


There is no eurozone debt crisis: OECD chief
"There is no eurozone debt crisis except in the larger sense of being an OECD ... Debt problems have troubled the euro zone and even the European Union for ...
europe.chinadaily.com.cn/europe/.../content_12554797.htm


Forex : Debt Crisis in Euro zone, US –What are Implications on ...
You are here: RTFX News › Debt Crisis in Euro zone, .... EU officials are adamant that Greece needs to do more as it was missing its deficit reduction ...
www.rtfx.com/.../debt-crisis-in-euro-zone-us-what-are-implica...


IMF warns EU debt crisis may still spread - Bytrade
IMF warns EU debt crisis may still spread to core ... Ireland and Portugal, Europe's debt crisis may yet spread to core euro zone countries and emerging Eastern Europe, ... Related News. Most Read. 1Geely's vehicle sales up 57.8% in ...
news.bytrade.com/.../907-IMF-warns-EU-debt-crisis-may-still-...

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