EUROZONE Debt Crisis News, May 25, 2011

European debt crisis shakes markets again
Ninemsn
ninemsn PropertyVisit the new ninemsn Property section, where you'll find tips and tools for buying a home, selling and moving, owning, finding the right home loan for you and great investing insights. Europe's debt crisis returned to shake markets on ...
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Europe debt woes hit markets, euro - CBS MoneyWatch.com
LONDON (AP) — Heightened tensions over Europe's debt crisis combined with weak ... "Once again the eurozone debt concerns about the Greece default, ... by the news that Standard & Poor'slowered its outlook on Italy's debt. .... MoneyWatch .com is the place to go for personal financialinsight you can trust. ...
moneywatch.bnet.com/investing/news/europe.../6237114/

There is No EuroZone Debt Crisis | Pinnacle Digest - Your Online ...
... Friday voiced confidence in the Euro's bright future, saying the current debt problem ... "There is no EuroZone debt crisis except in the larger sense of being an OECD ... This EU EZ issue is meida driven noise not news, it is not a serious issue ... Pinnacle Radio. Market Insight from the Best in the Industry. ...
www.pinnacledigest.com/node/413069

Spanish Socialists hammered in local elections - Insight Broadband
Latest News. Spanish Socialists hammered in local elections ... There is a great deal of doubt and uncertainty in Europe and this government is ... EURO ZONE CRISIS. Sunday's local voting took place against the backdrop of the euro ... Many Spaniards are mired in debt after a housing and building boom and bust that ...
www.insightbb.com/reuters/default.aspx?doc=2011...

The Horror of the Euro Zone Debt Problem
Wall Street Journal (blog)
By Geoffrey T. Smith Like any good horror film, the euro zone's debt crisis is having more than one false ending. Only a couple of months ago, the EU was congratulating itself on what it thought was a “comprehensive solution” to the region's debt ...
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INTERVIEW:Iceland Fin Min:Watching Greek Debt Crisis To Assess Euro
Wall Street Journal
By Gabriele Parussini Of DOW JONES NEWSWIRES PARIS (Dow Jones)--Iceland, watching closely the unfolding Greek debt crisis from the debt-laden country's perspective, voiced its disappointment Tuesday at the way the euro zone is dealing with it. ...
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Analysis: Spain privatizations may help if debt crisis deepens
Reuters
That should go some way to placating markets that want tough structural moves to tackle Spain's debt and deficits and which have been unnerved by talk of a Greek default or restructuring and signs the euro zone debt crisis may be spreading. ...
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Global stocks and commodity prices recover but euro debt fears remain
Economic Times
Despite some improvements, concerns over Europe's debt crisis lingered, especially after Greece's main opposition party said it was not backing the government's new austerity measures. ``The upside remains capped by the eurozone crisis,'' said Will ...
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FOREX TREND MONITOR: Dollar Roars Back as EU Debt Crisis Compounds Risk Aversion
Daily FX
The Euro finds itself in the worst of possible scenarios this week as selling pressure transmitted via its correlation with the S&P 500 amid returning risk aversion is compounded by homegrown headwinds by way of a resurging debt crisis. ...
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Greek Government Struggles to Win Support for More Austerity
New York Times
By NIKI KITSANTONIS ATHENS — Despite pressure from lenders for Greece to show a unified front in solving its debt crisis, Prime Minister George Papandreou had little apparent success Tuesday in persuading his political rivals to back additional tax ...
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New York Times

Greek restructure would worsen crisis: Van Rompuy
Reuters
PARIS (Reuters) - A restructuring of Greece's debt would make the euro zone crisis worse, not better, European Council President Herman Van Rompuy said on Tuesday, insisting that the EU was determined to avert default. The three major credit rating ...
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A Look at Economic Developments Around the Globe
ABC News
By AP ATHENS, Greece — Greece's main opposition leader bluntly refused to back new austerity measures designed to tackle the crippling debt crisis, arguing they would only bring further recession, despite the European Union's insistence for cross ...
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Overview: Investors swept up in bearish wave
Financial Times
“Europe's failing approach to its debt crisis has renewed fears of a contagious sovereign default, and a possible eurozone break-up, sending shockwaves across financial markets.” Concerns about a Greek debt restructuring have been exacerbated by ...
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Euro banks seen upping 3-month funding this week
Reuters
By Kirsten Donovan LONDON (Reuters) - Euro zone banks are seen increasing their take-up of three-month central bank funds this week after a slight drop in weekly lending on Tuesday and with signs banks are hoarding cash on unease over the debt crisis. ...
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Markets poised for kill as Spain fights for future
Financial Times
By Victor Mallet in Madrid Watching Spain's agony as it tries to escape the clutches of theeurozone's expanding sovereign debt crisis is like being a spectator at a particularly cruel gladiatorial fight. Whenever the weaker contestant skilfully ...
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Gold futures climb to 2-week high on persistent EU concerns
Forex Pros
Forex Pros – Gold futures were up for a third day on Tuesday, climbing to a two-week high as worries that the euro zone's sovereign debt crisis was worsening boosted the safe haven appeal of the precious metal and lifted euro-denominated gold to an ...
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Sovereign debt crisis
The Economist (blog)
Yields on Greek, Irish and Portuguese debt are all higher, not lower. In part, that is because the EUhas treated this as a liquidity issue, not a solvency one. They have hoped that buying time will create the scope for the government concerned to ...
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EU Leaders Must Show They're Ready to Stand United
Wall Street Journal
By PAUL HANNON The euro zone's crisis is getting worse, as investors lose confidence in the willingness of its members to stick together. To halt the rot, all member states will have to demonstrate a commitment to keeping the currency area intact, ...
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[Comment] Why the eurozone needs an outsider to replace Strauss-Khan
EUobserver.com
Within the context of the eurozone's sovereign debt crisis, it is vital that the IMF takes an independent and objective position. This is simply not possible if a eurozone candidate gets the job. Unlike Lagarde, both Brown and Manuel (and other ...
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Greece must cut benefits to get aid: Germany CDU panel
Reuters
EU leaders declared they had adopted a comprehensive package to resolve the euro zone debt crisis in March, but that has not prevented contagion spreading, with Portugal requiring a bailout and markets piling pressure on Greece, Spain, ...
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Greek unions threaten strikes against latest debt action
MSN Philippines News
Greek unions on Tuesday threatened strikes against a new tax drive and emergency privatisations by the government which is struggling to win over political opponents and avert a new debt crisis. "This policy must stop now," the country's second-biggest ...
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Borrowing costs surge amid euro panic
GFS News
Borrowing costs have spiked for European governments as world markets struggle following a freshcrisis of confidence in the eurozone. The new panic, which took root yesterday, came as EUeconomics commissioner Olli Rehn lent his support to the ...
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Miners lead slight bounce for European shares
Reuters
"The Ifo helped the DAX today, but the euro zone debt crisis is still an issue. Traders are losing confidence in the recovery," said Andre Saenger, market analyst at IG Markets, in Germany. Europe's policy options to avert a Greek default are narrowing ...
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World markets sink on debt, growth fears; US holds up better than most
Los Angeles Times
With rising expectations that Greece will be unable to pay private bondholders in full despite previous help from the EU, “Europe's failing approach to its debt crisis has renewed fears of a contagious sovereign default and a possible euro zone breakup ...
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Russia RTS Stock Futures Hold Near Five-Month Low on EU Concern
Bloomberg
By Camila Russo and Halia Pavliva - Mon May 23 21:32:44 GMT 2011 Russian RTS stock-index futures held at the lowest level since December as Europe's sovereign debt crisis deepened, fueling concern global economic recovery will slow. ...
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Bad News Ganging Up On Global Markets
istockAnalyst.com (press release)
Late last week, over the weekend, and yesterday, several of the worries, the worsening euro-zone debt crisis, the slowing US economy, inflation concerns, and pessimistic forecasts for China and Japan, the world's 2nd and 3rd largest economies, ...
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Brazil Currency Market Joins Global Sell-Off As EU Casts Cloud
Wall Street Journal
Luciano Coutinho, president of Brazil's National Development Bank, or BNDES, also indicated that the government appears to recognize that a change could be afoot as Europe's debt crisis comes to a head. Despite Brazil's robust economy and sky-high ...
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On Monday, risk aversion was the name of the game
FXstreet.com
In Europe, no speakers are scheduled but nevertheless any remarks made will be closely watched to find out what's next in the debt crisis. In the past weeks, we stayed sidelined as we didn't belief the Bund had more upside. A new full-blown crisis of ...
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Resources propel JSE higher
The New Age Online
Investors are now questioning when answers to the European debt crisis will be forthcoming. In Asia overnight, stock markets were mixed, with many bourses struggling to make headway amid persistent concerns over euro-zone debt woes, while Shanghai lost ...
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Financial market turmoil leaves gold undervalued
Mineweb
As the situation regarding the US debt deteriorates, and as the financial crisis in the Eurozonedeepens, the US dollar is rebounding. However, it does not take a financial genius to see that this current rally is due to the weak euro. ...
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When the folks who do your taxes file for bankruptcy ...
Globe and Mail
Europe's debt crisis remains front and centre today on several fronts. First, Moody's Investor Service warned this morning that a credit default by Greece would whack others in the so-called periphery of the euro zone. “A Greek default would be highly ...
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Greece reveals first phase of privatization program ahead of new talks with EU ...
Xinhua
Debt-ridden Greece secured a multi-billion euro aid package by EU and IMF to avoid default last May and exit the crisis by 2014, but the euro-zone member country has missed some targets ever since. EU-IMF auditors add pressure to Athens to step up ...
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Daily Outlook - Euro Testing 1.4000, Stocks Down
Easy-Forex
The ongoing European debt crisis and the subsequent Euro selling is leading to USD strength across the board. In US stocks, DJIA -130 points closing at 12381, S&P -15 points closing at 1317 and NASDAQ -44 points closing at 2758. ...
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For a Federal United Ecosocialist states of Europe
Socialist Resistance
These are the contradictions of the Euro that are not sustainable. The European Union and theEuro are tools to manage the crisis in the interests of capital and protect banks from collapsing with the debt on their books. They are not the framework for ...
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CANADA STOCKS-TSX set to open lower on euro zone debt concerns
Reuters
Investor concerns about the euro zone's ongoing debt problems are also expected to weigh, with new warnings about contagion fueling fears the crisis is heading for a new, more dangerous phase. * Canadian equity futures <0#SXF:> pointed to a lower open. ...
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US Stocks Toppled as European Debt Crisis ... - Home « USA Market News
By John Alfonso
US markets slumped during Monday's trading session, triggered by doubts over euro-zone debt crisis and signs of a slowing economy in Europe and Asia were also showed by the data. The downfall sent the blue-chip index to its lowest level ...
USA Market News - http://www.usamarketnews.com/

EU Debt Crisis Could Infect U.S., Says Fed's James Bullard
By The Huffington Post News Editors
EU Debt Crisis Could Infect U.S., Says Fed's James Bullard. Eu Debt Crisis. First Posted: 05/24/11 08:07 AM ET Updated: 05/24/11 08:15 AM ET. React. Inspiring Greedy Typical Scary Outrageous Amazing Innovative Infuriating ... "I am concerned about the situation in Europe," Bullard told reporters after a speech. "Prolonged financial market turmoil could be a negative for the U.S.". Financial markets piled pressure on heavily indebted euro zone countries on Monday and ...
The Full Feed from HuffingtonPost.com - http://www.huffingtonpost.com/raw_feed_index.rdf

European debt crisis has been overshadowed by global stock markets ...
By admin
Outstanding debt crisis in Greece, while Italy cut its rating outlook has been, together with Germany, France and other euro-zone countries economic data is not satisfactory, a time of badnews of the euro area, the debt crisis of the ... The risk of debt crisis in Europe has been gradually expanded, the euro will face a greater downside risk. European trading session yesterday, the euro fell sharply against the dollar, mark once fell below 1.4000, the euro also hit a ...
Finance online - Financial Advice|Fin... - http://www.finance-ol.com/

The debt crisis spreads to Spain and Italy: will MPs vote to ...
By Daniel Hannan
caption id="attachment_100089162" align="alignnone" width="460" caption="Should all the money we've saved at home be spent on propping up the euro?"][/caption] The Government has responded to Mark Reckless's anti-bailout ... ... Overnight, it became clear that the debt cancer was metastasizing across the Mediterranean, with Spain and even Italy being affected. It may not be in MPs' gift to save the eurozone; but it is in their gift to save their taxpayers. ...
News - http://blogs.telegraph.co.uk/news/

FOREX-Euro edges higher on German data, remains fragile - Best ...
By apons80
NEW YORK (Reuters) – The euro edged up from a two-month low against the dollar Tuesday, lifted by better-than-expected German economic data, but gains could be short-lived given nagging fears about Europe's spreading debt crisis. ... Any Greek debt restructuring plan would open the door toeuro selling towards $1.30, analysts said, by hitting European banks and private investors and raising questions about the euro zone's overall credit-worthiness. ...
Stock Market News - http://www.bestgrowthstock.com/stock-market-news/

European debt crisis fears keep markets on edge (Reuters) | Wall ...
By Yahoo! News: Business - European Economy
Reuters - Financial markets regained some poise on Tuesday but recouped only a little ground from the battering inflicted a day earlier by fears that the euro zone debt crisis is heading for a new, more dangerous phase. ...
Wall Street Financial News - http://www.wallst.net/

Italy is the elephant in the euro room, not Spain | Credit Writedowns
By Edward Hugh
The chart below (which comes from a recent report by BNP Paribas economist Ken Wattret ) shows the path of constant price GDP in the four largest eurozone countries (plus the UK) relative to where they were in Q1 2008. .... But Italy's problem has not been its high deficit level during the crisis, it is the high debt level the Italian government has accumulated over the years, and the continuing under-performance in growth terms means the government may well struggle to ...
Credit Writedowns - http://www.creditwritedowns.com/

Greece and Italy prompt concerns | Otago Daily Times Online News ...
By Simon Hartley
... of debt-laden Greece and Italy intensifies. The ability of the pair to implement harsh austerity measures, outlined by lenders the European Union and International Monetary Fund, prompted an investor retreat which saw the major global markets plunge. ... The euro fell broadly on Monday, hitting a two-month low against the US dollar and a record trough against the Swiss franc, with more losses expected on fears the euro zone sovereign debt crisis is spreading. ...
Otago Daily Times Online News - Business - http://www.odt.co.nz/taxonomy/term/162/0

Bonds markets take aim at . . . Belgium? « The right-wing liberal
By D.J. McGuire
EU leaders declared they had adopted a comprehensive package to resolve the euro zone debt crisis in March, but that has not prevented contagion spreading, with Portugal requiring a bailout and markets piling pressure on Greece, Spain, ...
The right-wing liberal - http://rightwingliberal.wordpress.com/

Currency news – 23 May 2011 | Olive Press Newspaper | News
By Smart Currency Spain
STERLING starts the week slightly lower against the US dollar, having tracked the euro's decline against the US currency over the weekend. Sterling is hovering just above the €1.15/£1 mark after concerns over the euro zone debt crisis ...
Olive Press Newspaper - http://www.theolivepress.es/

Asia stocks mixed as EU debt concerns linger; Nikkei up 0.17% By ...
By ForexPros.com
Forex Pros – Asian stock markets were mixed on Tuesday, as shares in commodity producers were broadly higher, however gains were limited amid lingering fears over the euro zone's debt crisis. During late Asian trade, Hong Kong's Hang ...
Forex Pros RSS News Feed | Forex News - http://www.forexpros.com/

Stocks Tumble on Concerns of Eurozone Debt
By Meta4forexbroker.com
NEW YORK (TheStreet) – Today is plunging of stocks because the investors will know about theeurozone's ability to overcome its debt crisis and U.S dollar sent the price of oil below $98 a barrel.The Dow Jones Industrial Average fell by ...
www.Meta4forexBroker.com - http://www.meta4forexbroker.com/

Is the ECB Making the Eurozone Crisis Worse? - The Curious ...
By Roya Wolverson
We are back in the throws of the eurozone crisis. Greece's debt has been downgraded again, Italy is facing new scrutiny about its growth prospects, and poor results for the ruling Socialist party in Spain's local elections are adding to market ... The warning came on the heels of a report out from Der Spiegel about the ECB's iffy balance sheet, which is at risk because of several hundred billioneuros worth of shifty asset-backed securities it accepted from debt-riddled ...
The Curious Capitalist - http://curiouscapitalist.blogs.time.com/

Eurozone Debt Crisis Deepens Sending Euro Lower and Gold to New ...
Eurozone Debt Crisis Deepens Sending Euro Lower and Gold to New Record at EUR 1080/ .... Any opinions, news, research, analyses, prices or other information ...
www.fxstreet.com/fundamental/analysis-reports/gold.../23/

Eurozone Debt Crisis Sends Gold to New Record - Precious Metals ...
News. (Reuters) – Gold rises to near two-week top on euro zone debt woes ... this morning on heightened concerns about the debt crisis in the eurozone. ...
www.resourceinvestor.com/.../eurozone-debt-crisis-sends-gold...

Forex News – Euro Zone Debt Crisis Spread Fear In ... - Silobreaker
As concerns about Europe's ability to handle its debt crisis mounts, Monday's market was negatively ... US stocks slip on worries over euro zone debt crises ...
www.silobreaker.com/forex-news--euro-zone-debt-crisis-sprea...

World News - Markets hit by continuing eurozone debt crisis
European stocks and the euro fall while borrowing costs for debt-laden countries rise as ... WorldNews - Markets hit by continuing eurozone debt crisis ...
wapdloads.net/bbc/index.php?place=/news/mobile/business...

Forex News – Euro Zone Debt Crisis Spread Fear in Markets, and ...
May 23, 2011 daily news – Euro Zone Debt Crisis Spread Fear in Markets, ... position might jeopardize IMF's assistance to Eurozone's debt-ridden periphery. ...
www.forexmansion.com/.../forex-news-euro-zone-debt-crisis-s...

Markets hit by continuing eurozone debt crisis | Regator - Curated ...
Latest bad news included weak eurozone economic data, a local election defeat ... From GoldCoreEurozone Debt Crisis Deepens Sending Euro Lower and Gold to ...
regator.com/.../markets_hit_by_continuing_eurozone_debt_cr...

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