Today: EUROZONE Debt Crisis News, May 26, 2011

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May 26, 2011

EUROZONE Debt Crisis News, May 26, 2011

World stocks, euro slip on eurozone debt crisis - The Smart Investor
The eurozone's debt problems drove oil prices down more than 2% on Monday. ... and could breach it in the near-term given the unresolved debt crisis. ... Click here; From Insights to Foresight - A daily Ezine on Markets @ less than 60 paise a day ... Smart Moves, Market News, Company News, Economy News, Technicals ...
smartinvestor.in/.../advice-74393-advicedet-World_stocks_eur...

There is No EuroZone Debt Crisis | Pinnacle Digest - Your Online ...
Adrian Ash has published article Euro Price of Gold Hits Third Record in Three Days ... "There is noEuroZone debt crisis except in the larger sense of being an OECD debt, ... 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/blog/.../there-no-eurozone-debt-crisi..

Is the euro zone headed for an Arab Spring?
TIME (blog)
Here's what I mean: Since the beginning of the euro zone debt crisis 18 months ago, there has never been anything close to consensus within Europe's capitals over what to do about it. The dissension began over whether or not to bail out Greece, ...
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Europe shares slip, constrained by euro zone woes
Reuters
... May 26 (Reuters) - European shares edged lower on Thursday, giving up some gains from the previous session, and strategists said the market would remain rangebound until there was some sort of resolution to the euro zone debt crisis. ...
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Gold eases as Greek debt worries dent euro
Reuters
By Amanda Cooper LONDON (Reuters) - Gold fell on Thursday, led by a fall in euro-priced bullion and after the single European currency came under sudden pressure, but concern about the euro zone debt crisis was expected kept metal prices supported....
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Reuters

PBOC Professor: Euro Debt Crisis To Hurt China Exports - Paper
Wall Street Journal
China should expand its purchases of euro-zone sovereign debt and should increase direct investment into Europe, Wang said. This will help alleviate the crisis and as part of a "counter-protectionism strategy," give Beijing more leverage to negotiate ...
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TIMELINE-Greece seeks next tranche of 110 billion euro loan
Reuters
May 26 (Reuters) - Greek Prime Minister George Papandreou invited political party leaders to meet on Friday in a fresh bid to reach a consensus on steps to exit a debt crisis that the IMF warned would likely take a decade to overcome. ...
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EU's Van Rompuy: Lagarde Very Capable Of Leading IMF
Wall Street Journal
(Rewrites first two paragraphs, adds comments on Lagarde in fourth paragraph, euro zone debt crisis in paragraphs nine to 15, Doha trade talks 17 to 19.) By Nathalie Boschat and William Horobin DEAUVILLE, France (Dow Jones)--French Finance minister ...
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Eurozone crisis carries more opportunities than risks for Turkey
Today's Zaman
Greece's EU Commissioner Maria Damanaki issued a dire warning Wednesday that the country'sdebt crisis threatened its cherished participation in the euro, as its Prime Minister George Papandreou pledged to see through new unpopular cutbacks. ...
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Weaker Dollar Whipsaws Versus Euro
RTT News
(RTTNews) - The dollar rebounded from early losses against the euro on Thursday, as traders assessed rapid-fire developments in the ongoing euro zone debt crisis. However, the buck continued to weaken against the sterling and lost modest ground to the ...
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RTT News

Europe Factors-Shares set to extend recovery rally
Reuters
The gains could be short lived, however, as nagging concerns over Greece's ability to resolve its debt crisis keep investors on edge. By 0630 GMT, futures for Euro STOXX 50 STXEc1, for Germany's DAX FDXc1 and for France's CAC FCEc1 were up 0.3-0.5 ...
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Debt woes weaker data pressure European shares
London South East
However, analysts said there was still much uncertainty over the euro zone debt crisis and the global economy and the market was likely to remain range-bound over the summer in the absence of substantive news. The FTSEurofirst 300 index of top European ...
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Asian shares up on Wall St rise, bargain buying
AFP
The gains came after big losses in recent sessions caused by worries over the European debt crisis and data from China suggesting the world's number two economy was beginning to ease. In the eurozone, Greek debt continues to unsettle after sharp...
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AFP

Analysis: IMF steady-hand Lipsky lacks political punch
Reuters
Mindful about rising concerns over Europe's debt crisis and fresh political haranguing within Europe that is complicating Greece's bailout program, Lipsky has tried to reassure investors that the euro zone situation is under control. ...
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Reuters

Are gold, silver prices under pressure?
Commodity Online
Reports of China buying Eurozone government debt may have led to a rise in the euro and equities. However, the scale of sovereign debt risk internationally is such that even significant and ongoing Chinese buying would be unlikely to contain the crisis ...
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WSJ: Europe's Stocks Wilt As Focus Returns To Greece
Wall Street Journal
That has revived worries that Greece could be forced to restructure its debt. "The Greek debt crisishas taken a more ominous turn," said Kathleen Brooks, research director at Forex.com. "Whereas previously the market thought a default was a year or ...
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Trichet Signals ECB Rate Rise Isn't Imminent
Wall Street Journal
Under a 2009 agreement dubbed the Vienna Initiative, banks agreed to maintain their exposure to Eastern Europe at the height of the financial crisis. "In general, it's an interesting initiative," ECB executive board member José Manuel Gonzélez-Páramo ...
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Gulf markets retreat on Europe debt concern
Zawya
World stocks fell while the euro headed towards a two-month low on Wednesday on concerns about the euro zone's spreading debt crisis and the potential for a further reduction of positions in risky assets. The MSCI Emerging Markets Index decreased 0.6 ...
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Europe debt crunch delays Harper's G8 initiatives on maternal health
Globe and Mail
“We all have domestic situations at home that are occupying us,” Herman Van Rompuy, the president of the EU's top body the European Council, told reporters. “As you know, in the Euro zone we have had to deal with a crisis of sovereign debt.”
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Globe and Mail

Ireland says won't yield on corporate tax
Reuters
"The plan is at the back end of 2012," Noonan said, adding that such a move would be "circumstances permitting" and after what the government hopes will be successful efforts at borrowing on a secured basis by some of its crisis-hit banks.
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Euro debt continues to hound local stocks, peso
istockAnalyst.com (press release)
May 25--PHILIPPINE share prices on Tuesday extended their decline as investors opted to play it safe amid concerns over Europe's debt crisis. At the Philippine Stock Exchange, the composite index fell 36.11 points, or 0.85 percent to 4227.08, ...
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A Brady Plan for the Southern Euro Zone: Choudhry
CNBC.com (blog)
From the crash to the start of the sovereign debt crisis and into 2011, EU policy makers have replaced "hope" with soothing words, bailout funds, and even bigger-sized bailout funds, yet markets have remained wary throughout. The future is not looking ...
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Rand loses ground against dollar, euro on fears of winter electricity cuts
Business Day
Dollar-buying by exporters also hit the rand, and anxiety over the euro zone's debt crisis added to the currency's woes. The crisis in the euro zone threatens sentiment towards the currencies of emerging market countries — such as Brazil and SA ...
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Deutsche Bank Shares Hurt by Sovereign Concern, Ackermann Says
Bloomberg
By Aaron Kirchfeld - Thu May 26 08:25:52 GMT 2011 Deutsche Bank AG (DBK) Chief Executive Officer Josef Ackermann said concern about the European sovereign-debt crisis and tougher regulation are weighing on the share price of Germany's biggest lender. ...
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ECB funds only for states who stick to bailouts-Bini Smaghi
Reuters
The ECB has provided emergency funding for banking systems across the euro zone since the eruption of financial turmoil in 2008 and has slowed the withdrawal of that support during Europe'smore than year-long debt crisis. Its support is vital to the ...
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Thousands protest Greece austerity as prime minister seeks consenus
Monsters and Critics.com
Concern over Greek solvency have reawakened fears that the eurozone debt crisis - which has already pushed Ireland and Portugal to also seek bailouts - may spread further. Officials in the EUhave suggested exploring a 'soft voluntary restructuring' ...
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Succession Planning at the IMF: Europe Against the Rest of the World?
Knowledge@Wharton
Being a vocal supporter of government stimulus spending after the 2008 world financial crisis and subsequent management of the eurozone debt crisis have also raised the IMF's profile. "The most important [challenge for Strauss-Kahn] was that the IMF ...
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Knowledge@Wharton

Gold futures edge up as Greek debt crisis deepens
Daniels Trading
"Market participants remain nervous about peripheral debt troubles in the euro zone," stated a Wednesday report by Andrey Kryuchenkov, an analyst at VTB Capital in London. "Gold will remain well-supported in the short-term. ...
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Forex - NZD, AUD, EUR Gain on China Investment News
ForexTV.com
In Europe, Euro-zone periphery bond yields fell back for a 3rd straight day, showing some easing of concern in regards to the sovereign debt crisis. Here too a report that China would buy periphery bonds helped investor confidence. ...
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G-8 Calls Commodity Price Surge a Threat to Growth, Pledges Deficit Cuts
Bloomberg
(Source: Bloomberg) Group of Eight leaders singled out the surge in commodity prices as a significant threat to the global economic rebound, and pledged to cut the debt built up in the wake of the 2008 financial crisis. Europe vowed to fight its fiscal ...
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Canada's deficit-killing model a tall order for Europe
Globe and Mail
That's the good news - there is no doubt debt and budget deficits have to get crunched in the EU to forestall a runaway debt crisis, one that could nuke the euro zone. The bad news is that it's not working, at least not well. ...
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Globe and Mail

Today the main focus will come into play at 13:30
FXstreet.com
The positive sentiment was in spite of some worse than expected Durable Goods orders as investors preferred to focus more on a slight improvement in the Eurozoneperipheral debt crisis. A sharp rally in the final hour of the session took the E-mini S&P ...
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FXstreet.com

EU raises 4.75 billion euros for Portugal
AFP
Ireland and Portugal have committed to cutting their public deficits in exchange for huge bailouts they were granted after they were sucked into a relentless debt crisis that has rocked the eurozone for the past year. The 27-nation EU and the 17-state ...
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AFP

Macro E.U. — D.O.A.
Jutia Group
The EU is still … FAR … from 'hitting bottom'. For SURE … the debt-deficit crisis is NOT "contained", as Olli Rehn would have us believe. We have been pounding the table for years, screaming that the problems facing Greece, Ireland, and Portugal, ...
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Forex News – Mixed Feelings Control Global Markets on Wednesday
FXstreet.com
European stock indexes were lower before closing on Wednesday amid the ongoing concerns over the euro zone debt crisis, where FTSE 100 was down by nearly 0.20% trading at 5847 and the DAX was lower by nearly 0.20% to trade around 7138. ...
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At the G-8 Summit, Africa Will Be Heard
New York Times
The crisis showed that the old world order is no longer credible. It's not sustainable for the rich world to dole out advice and crumbs to the rest of us. The euro zone's debt crisis is a case in point.Europe claims this is a reason it should hold ...
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METALS-Copper edges up on higher risk appetite, firmer euro
Reuters Africa
[ID:nL3E7GQ04U] But, uncertainty over the euro zone debt crisis may cap the rise of the euro and copper prices. The Greek government sought consensus on Wednesday for tough measures to exit the debt crisis as Greece's EU commissioner warned that its ...
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MARKET COMMENT: Burberry, UniCredit lead Europe stocks lower
Wall Street Journal
Greece is accelerating its privatization program in an effort to tackle its debt crisis. In Germany, the DAX 30 index slipped 0.8% to 7114.09, as shares of Bayer AG fell 1.9% after UBS downgraded the pharmaceutical firm to neutral from buy. ...
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Eurozone's debt problems drove oil prices down | TopNews Singapore
By Jaideep Kumar
Europe's debt crisis and fears of further reduction has caused oil prices to fall and euro to slip further towards a two month low. There is a persistent concern over the economic outlook for the United States as well as euro zone debt ...
TopNews Singapore - http://topnews.com.sg/
Default looms over protest-ridden Greece — RT
By RT
As the Eurozone economic crisis deepens, Greece is being criticized for not doing enough to help itself. The country is facing fresh ultimatums from EU members, as its debt continues to spiral out of control. ... The ongoing financial crisis in Greece is one of the biggest concerns for all of the eurozone countries. The situation involves risks, which are difficult to calculate. "There exists no precedent for a country that was forced to default on its payments within a ...
News RSS : Today - http://rt.com/news/today/
FOREX-Euro gains on China report, but sentiment fragile – Reuters ...
By Google Inc.
... in buying "bailout bonds" for Portugal, though concerns over euro zone debt were expected to ... Rand Advances the Most in More Than a Week as EU Debt Crisis Concern FadeBloomberg. EuroStrengthens On Strong EquitiesRTT News ...
Wall Street Financial News - http://www.wallst.net/
FOREX-Euro gains on China report, but ... - Vill Insurance News
By admin
... over euro zone debt were expected to ... Rand Advances the Most in More Than a Week as EU Debt Crisis Concern FadeBloomberg. Euro Strengthens On Strong EquitiesRTT News Euro rises vs. dollar on China debt-buying reportMarketWatch ...
Vill Insurance News - http://www.vill-yamanakako.com/
USAGOLD News and Views » Blog Archive » Gold knocked off 3-week ...
By News
May 26th, 2011 10:47 by News. Thursday May 26, 2011 (Reuters) LONDON — Gold eased on Thursday after a sharp sell-off in the silver market, but still remained within sight of three-week highs, supported by investors seeking perceived havens from the worsening euro zone debt crisis.Europe's policy options to avert a Greek debt default appeared to be dwindling, sparking fears of a chain reaction affecting other heavily indebted countries in the 17-nation currency bloc. ...
USAGOLD News and Views - http://www.usagold.com/cpmforum/
NZD, AUD, EUR Gain On China Investment News
By Nick Nasad
In Europe, Euro-zone periphery bond yields fell back for a 3rd straight day, showing some easing of concern in regards to the sovereign debt crisis. Here too a report that China would buy periphery bonds helped investor confidence. ...
DailyMarkets.com - http://www.dailymarkets.com/
Schäuble shares ECB's concerns on Greek debt - The Local
Euro crisis, inflation sap consumer confidence. The eurozone debt crisis and higher energy prices have sapped German consumer sentiment, resulting in a third consecutive drop in the GfK index, the research institute said on Wednesday. .... News from the Goethe-Institut. Known All over Town and Well Connected – the Edith Ruß House for Media Art The Edith Ruß House for Media Art in Oldenburg enjoys a special reputation internationally as well as locally. ...
The Local - Germany's news in English - http://www.thelocal.de/
Debt Contagion Fears Return to the EU
By mc.murphy
Italy and Spain, the third and fourth-largest economies in the euro, have been thrust back into theeurozone debt crisis. Electoral worries, protests, ratings downgrades and worries over hidden regional debt in Spain have combined with ...
Mosquito Cloud - http://mosquitocloud.net/
Stocks get some relief from worries about Greece | WorldNews
By admin (online)
The euro has dropped over the past couple of weeks as debt crisis fears ratcheted higher. However, it garnered some support Thursday from a report in the Financial Times that China, among others in Asia, is interested in buying up bonds from ... Earlier in Asia, stocks enjoyed a strong day, with Japan's Nikkei 225 stock average boosted by the news that camera maker Canon was to spend as much as 50 billion yen ($183 million) buying back up to 1.2 percent of its shares. ...
WorldNews - http://worldnews.cronews.net/
Marshall Auerback: To Save the Euro, Germany Has to Quit the ...
By Yves Smith
But let me tell you, there is no crisis of the euro as such. This is a debt crisis. Let me say this very clearly again. The euro is our currency. And it is much more than just a currency. It is the embodiment of Europe today. ... Which is tantamount to ignoring the real issue: There is no publicdebt crisis without the Euro. Japan has a public debt to GDP ratio at a level some 2.5 times bigger than the euro zone, yet there is no solvency crisis in Japan. ...
naked capitalism - http://www.nakedcapitalism.com/
Forex News – Euro Zone Debt Crisis Spread Fear in Markets, and ...
Forex News – Euro Zone Debt Crisis Spread Fear in Markets, and Force. ... to the misery inEurope by announcing it downgraded the outlook of Italy's debt to ...
www.fxstreet.com/fundamental/analysis-reports/forex.../24/
Eurozone Debt Crisis Deepens: Euro Lower and Gold at New Record ...
News; Photos. The euro, global equities and bonds in peripheral Eurozone countries are all lower this morning on heightened concerns about the debt crisis ...
article.wn.com/.../Eurozone_Debt_Crisis_Deepens_Euro_Low...
Eurozone Debt Crisis, Euro Dead on Arrival - Soccer News - BigSoccer
Interest-Rates / Euro-Zone May 25, 2011 - 12:52 PM And that brings us to this week's Outside the Box. Greg Weldon has graciously allowed me to use his ...
soccernews.bigsoccer.com/article/0cbigSYaDl7kO?q...
Euro Zone Debt Crisis: Greek Default Could Make Others Junk ...
European Markets to Fall as Debt Doubts Linger · Greece Will Not Hold Early Elections: Prime Minister ... News. Blog Posts. Videos. Current DateTime: 01:30 52 25 May 2011 ... who have also agreed bailouts with the EU and the IMF. ... It would be expected though that even the slightly stronger euro zone sovereigns ...
www.cnbc.com/.../Greek_Default_Could_Make_Others_Junk_...



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