Barack Obama's visit to the G8 summit: day one as it happened
Telegraph.co.uk
17.05 In the latest instalment from E! News - I'm sorry, I misread that; ... fluctuations caused by the euro zone debt crisis, an EU diplomatic source said. ...
Telegraph.co.uk
What to Expect from the Week Ahead
Hemscott
In both the UK and the eurozone, this month's PMI Manufacturing Survey will be released on ...Europe's unresolved debt crisis will remain in the spotlight. ...
G8 highlights euro debt risk to world economy - AlertNet
LATEST NEWS: UN defends efforts to protect Ivorians during war ... ALERTNET INSIGHT. Exclusive, in-depth reporting from our correspondents ... EU debt crisis discussed, U.S. "concerned at weakeuro" ... statement from the resort of Deauville to continue efforts to rein in the euro zone debt crisis, EU sources said. ...
www.trust.org/.../g8-highlights-euro-debt-risk-to-world-econo...
US Expressed Support To Europe On Greece In G-8 Talks -EU Officials
Wall Street Journal
DEAUVILLE, France (Dow Jones)--The US expressed support to euro-zone countries for their handling of the Greek debt crisis, several European Union diplomats told reporters on the sidelines of a gathering of leaders of the Group of Eight leading nations ...
See all stories on this topic »
Roubini Says Banks to Plunge Irish Into 'Disastrous' Crisis
Bloomberg
“Eventually we're going to have a sovereign debt crisis that's going to be disastrous for Ireland and for the euro zone,” Roubini said. The economy is struggling to grow, with a report today showing retail sales fell 3.9 percent in April from the year- ...
See all stories on this topic »
Obama backs efforts on eurozone debt woes: official
Reuters
... tackle a sovereign debt crisis in the region, a senior US official said. "The president made clear that we have a strong interest in the euro zone successfully managing their way through the situation, that we have been supportive of them doing so, ...
See all stories on this topic »
Bracing for QE2 final countdown
Reuters
SPX -- nearly 10 percent higher than now -- Europe's STOXX 600 .STOXX at 320, TOPIX .TOPX at 900 and MSCI Asia-exJapan index .MIAP0000PUS at 530. The euro zone sovereign debt crisis will likely remain an issue that would weigh on investor minds, ...
See all stories on this topic »
Lagarde Sees Europe Debt Crisis, Middle East as Focuses for Next IMF Chief
Bloomberg
By Svenja O'Donnell and Scott Hamilton - Fri May 27 13:16:32 GMT 2011 French Finance Minister Christine Lagarde said Europe's debt crisis and the aftermath of the Arab Spring will be priorities for the International Monetary Fund's next chief as she ...
See all stories on this topic »
Weak dollar, Greek debt propel gold to 3-week high
Reuters
In the latest development on the Greek crisis, the head of euro zone finance ministers Jean-Claude Juncker said the International Monetary Fund could withhold the next slice of aid to Greece due next month. "The chances of debt default by Greece are ...
See all stories on this topic »
Reuters
European Confidence Worsened in May
Bloomberg
Euro-region growth may lag behind an expansion in the US this year, the Organization for Economic Cooperation and Development said on May 25, when calling the debt crisis a “major risk” to the outlook. In the currency union, gross domestic product may ...
See all stories on this topic »
WORLD FOREX: Economic Gloom Stalks Dollar
Wall Street Journal
By Javier E. David Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Faltering US economic growth and gloomy labor-market data undercut the dollar Thursday, momentarily overshadowing theeuro-zone debt crisis. The "ugly dog" contest in which the dollar has ...
See all stories on this topic »
Audio: Saxo Bank consultant questions ability of eurozone to survive present ...
Hedge Funds Review Magazine
Nick Beecroft, senior markets consultant at Saxo Bank in London, looks at the key developments in the unfolding sovereign debt crisis and the political will of theEuropean Union's architects. Senior markets consultant at Saxo Bank in London Nick ...
See all stories on this topic »
Hedge Funds Review Magazine
Greeks fail to agree on measures to avert aid threat
Montreal Gazette
Greek political leaders failed to agree Friday on further austerity measures to avert a new debt crisis, jeopardizing bailout funds from the EU and IMF urgently needed to keep the eurozone member afloat. ATHENS/BRUSSELS - Greece's prime minister failed ...
See all stories on this topic »
Swiss Franc Climbs to Record Versus Euro, Dollar, Pound on Debt Concern
Bloomberg
“Parity is certainly not out of the question if the euro- zone debt crisis spirals out of control,” Barrow wrote. The SNB “just has to accept that the franc is the first port of call for investors escaping the turmoil of the euro-zone debt crisis. ...
See all stories on this topic »
Italy, Spain To Test Bond Markets After Ratings Move, Elections
Wall Street Journal
Solving Greece's debt crisis remains crucial to containing yield spreads across the euro zone. A division between the European Central Bank and some European politicians on whether Greece's debt should be restructured has intensified volatility in the ...
See all stories on this topic »
Global growth to lead to debt cuts: G8
Taipei Times
Europe's chiefs said they would need more time to solve the Greek debt crisis as the leaders noted the strength of the euro even amid investor concerns that Greece may be headed for default, said European diplomats who briefed reporters yesterday on ...
See all stories on this topic »
IMF 'Not Contemplating' Greek Debt Restructuring
CNBC.com
... a systemic role in managing the debt crisis in the eurozone and cementing a global recovery from the economic downturn. In Europe, pressure is building behind the restructuring of a 110 billion euro ($157 billon) joint EU-IMF loan to Greece, ...
See all stories on this topic »
CNBC.com
FOREX-Euro rebounds vs dollar, Swiss franc hits record highs
Reuters
But the Swiss franc was the day's top performer, rising to record peaks against the dollar and euro. Traders said the move indicated investors were still worried about Europe's debt crisis and a divisive US budget debate, driving them to seek refuge in ...
See all stories on this topic »
GLOBAL MARKETS-Dollar trims losses on Japan outlook cut
Reuters
By Dominic Lau LONDON, May 27 (Reuters) - The dollar pared losses and world stocks and crude prices gave up some of their gains on Friday after a ratings blow for Japan rattled markets already unsettled by the euro zone's worsening debt crisis. ...
See all stories on this topic »
Emerging-Market Debt Weakens In Cautious Market; Currencies Rise
Wall Street Journal
By Erin McCarthy Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Worries about a global economic slowdown and the euro zone's sovereign debt crisis resulted in a mixed performance for emerging-market assets Thursday, as investors took a more cautious ...
See all stories on this topic »
Dollar Falls Versus Major Counterparts; Kiwi Approaches Record
San Francisco Chronicle
The Swiss franc rallied to a record against the euro and greenback as Europe's sovereign-debt crisis encouraged demand for a refuge and Switzerland's leading economic indicator held at the highest level in almost five years. ...
See all stories on this topic »
No breakthrough on Greek austerity crisis talks
Monsters and Critics.com
European leaders remain at odds over how to handle Greece's debt crisis, with credit ratings agencies warning that a debt default would impact other eurozone countries. With a debt running a more than 330 billion euros, many experts have said that the ...
See all stories on this topic »
Slovenia a step away from 'critical situation'
RTE.ie
Slovenia is only 'a step away from a critical situation' and could be the next euro zone country to fall into crisis, its central bank chief Marko Kranjec warned today. Due to its budget deficit and increasing debt, Slovenia could follow the path of ...
See all stories on this topic »
Stocks get some relief from worries about Greece
BusinessWeek
That's been one of the two main factors behind the poor performance of stocks over the past few weeks, the other relating to concerns over Europe's debt crisis, in particular whether Greece will end up having to restructure its mountain of debts. ...
See all stories on this topic »
Buy the Euro High and Sell Higher
Seeking Alpha
Earlier this week the AUD felt the wrath of the market, falling to a six-week low versus the greenback and against the yen as concern that Europe's debt crisis is deepening sapped demand for higher-yielding assets. Domestic data had also being weighing ...
See all stories on this topic »
'Global recovery has been difficult'
Independent Online
The sovereign debt crisis in peripheral Europe showed little signs of abating while speculation around possible Greek debt restructuring or, in some quarters even around an eventual exit from the euro zone, was gathering momentum and threatened the ...
See all stories on this topic »
Obama told G8 he wants a strong euro, Berlusconi says
Reuters
An EU diplomatic source said on Thursday the United States had told the G8 it wanted "a serious debate" about the recent weakness of the euro against the dollar caused by the euro zone's debt crisis. This was later denied by US authorities. ...
See all stories on this topic »
Europe Factors-Shares seen sharply higher; focus on commds
Reuters
Investors are expected to keep a close eye on headlines surrounding the euro zone debt crisis after the head of euro zone finance ministers said on Thursday the International Monetary Fund could withhold the next slice of aid to Greece due next month. ...
See all stories on this topic »
A roundup of finance news
Ninemsn
BERLIN - The European Central Bank is signalling that it remains on track to raise interest rates further despite the continent's debt crisis. LUXEMBOURG - Luxembourg Prime Minister Jean-Claude Juncker, who heads the eurozone finance ministers, ...
See all stories on this topic »
Sarkozy Rules Out Debt Restructuring, Not Priv Burden-Sharing
IMarketnews.com
"Anything that could jeopardize the future of the euro would jeopardize the future of Europe and even the future of France and of Germany," he said. While Greece's debt problems were not on the agenda of the G8, the situation of the Eurozone was ...
See all stories on this topic »
US STOCKS-Wall St gains on energy, materials; trading light
Reuters
However, strategists said shares were set to remain in a range until there was more clarity on the euro zone debt crisis. On the macroeconomic front, US consumer sentiment improved in May as job gains offset high gasoline prices, while inflation ...
See all stories on this topic »
OECD: Eurozone financial conditions improved
Balkans.com Business News
The sovereign debt crisis and persisting imbalances within the euro area are a major risk to the outlook. Prolonged fiscal consolidation is needed in most countries to stop rising debt-to-GDP ratios and then reduce them to more prudent levels. ...
See all stories on this topic »
CHF currency continues to benefit from safe-haven flows
FXstreet.com
This contrasted yesterday's report that the US was worried by euro weakness against the USD referring to fluctuations caused by the euro zone debt crisis. The US was said to have "asked for a serious debate about the euro's weakness against the dollar ...
See all stories on this topic »
Top economists anticipate 'restructuring' of Greek debt or 'booting' out of...
MercoPress
Nouriel Roubini, the New York University economist known as Dr Doom, says Greek restructuring would not bring down Europe's financial system. The economist, who earned his nickname by predicting the global financial crisis, says an orderly debt ...
See all stories on this topic »
MercoPress
Spain May Be Too Big To Fail, But Worries Grow
Wall Street Journal
On Thursday, the yield on 10-year Spanish government debt traded around 5.35%, while the equivalent in Greece was about 15%. Many investors believe European Union officials won't allow Spain to fall because that would spark a full-blown crisis in the ...
See all stories on this topic »
Spanish love South Ken, Italians flock to Mayfair, and it's Belgravia for Greeks
Evening Standard
... chief executive of wealth management firm SPF Private Clients, describing how the richest tycoons of Europe's sick economies are investing in property in Mayfair, Knightsbridge and Kensington to escape the eurozone debt crisis. ...
See all stories on this topic »
BULLION MORNING - Gold recovers on dollar weakness, continued economic uncertainty
FXstreet.com
“Prices are up today as the dollar weakens and expectations increase that the European sovereigndebt crisis will continue to roll on unabated,” John Meyer at Fairfax said. The US dollar extended the previous session's fall against the euro to 1.42, ...
See all stories on this topic »
Rand to stay strong for 12 to 18 months
The New Age Online
By Janice Roberts The rand was softer against the dollar in noon trade on Wednesday - but off its worst levels - as concern over the euro-zone debt crisis hit the common currency and encouraged risk aversion. "The rand is trading on news coming out of ...
See all stories on this topic »
Gold rallies after Greek talks fall through
Proactive Investors UK
Safe haven demand propelled a rally in gold prices amid fears that Greece will default on its debt, triggering a wave of debt rating downgrades in the euro zone. Traders were going for gold for wealth protection, while shunning the US dollar, ...
See all stories on this topic »
Proactive Investors UK
Morning business news - May 27
RTE.ie
The company is also facing a looming debt crisis, with Eircom in danger of defaulting on its corporate debts. Eircom's chief executive Paul Donovan says the figures are evidence, amongst other things of the ruthless competition, the impact of charging ...
See all stories on this topic »
Dexia to Speed Up Restructure
Wall Street Journal
... billions it holds in euro-zone sovereign debt, and stood at €3.9 billion at the end of December. The planned adjustment will enable Dexia to negotiate with the European Commission and governments that had provided state aid in the financial crisis ...
See all stories on this topic »
Asian Currencies Drop This Week on Europe Sovereign-Debt Crisis
San Francisco Chronicle
May 27 (Bloomberg) -- Asian currencies completed a weekly decline, led by the Philippine peso and the Taiwan dollar, as the worsening European debt crisis reduced demand for emerging- market assets. The MSCI Asia-Pacific Index of shares posted its ...
See all stories on this topic »
'Worse problems to come after austerity'
Press TV
... crisis and Euro zone crisis - if the strategy that's been adopted by now is not working - there is of course no prediction been made yet if there's going to be an alternative strategy, a plan B - What will happen if Greece defaults on its debt, ...
See all stories on this topic »
Press TV
Fresh eurozone tensions unsettle equities
Financial Times
Analysts said this could raise problems in countries such as Germany and Finland where there is widespread opposition to bail-outs of peripheral eurozone countries. “It seems we have reached a stage in the crisis whereby a disillusioned electorate is ...
See all stories on this topic »
CANADA STOCKS-TSX may open higher on stronger commodity prices
Reuters
... as a softer dollar tempered demand worries triggered by euro zone debt concerns and weak US economic data. [O/R] * Gold prices climbed as worries about Greece's debt crisis triggered buying by investors looking for a safe place to park assets, ...
See all stories on this topic »
INTERVIEW: UBS Private Bank Targets Margins As Asset Outflows Stop
Wall Street Journal
Continuing euro-zone debt restructuring problems are also hitting sentiment. "It's no secret markets have not been cooperative this past few weeks--as a bank, we're totally exposed to these swings. The [strong] Swiss franc is also taking its toll," he ...
See all stories on this topic »
IMF, Greek debt, Abyei, Arab Spring, Facebook, the “Invincible ...
By lgazissax
IMF and European debt crisis news: All European votes on the IMF have been lined up for Christine Lagarde, a French finance minister with leanings toward free trade who once got in hot water at home for criticizing the rigidity of the French labor ... But there's another possibility: maybe Juncker is pressuring the euro zone to install Lagarde as IMF managing director before June 29. Lagarde has “earned a reputation as the most uncompromising opponent of a Greek debt ...
Alexandria - http://aleksandreia.wordpress.com/
Greek political leaders meet over financial crisis - The Blue Voice
By Bruce Miller
One year after a 110 billion-euro bailout that aimed to stem the spread of the region's debt crisis, Greece remains shut out of financial markets and Portugal and Ireland have followed in needing rescues. EU leaders are considering new ...
The Blue Voice - http://thebluevoice.blogspot.com/
USAGOLD News and Views » Blog Archive » Greek debt propels gold to ...
By News
In the latest development on the Greek crisis, the head of euro zone finance ministers Jean-Claude Juncker said the International Monetary Fund could withhold the next slice of aid to Greece due next month. “The chances of debt default ...
USAGOLD News and Views - http://www.usagold.com/cpmforum/
FACTBOX-Coming events in euro zone debt crisis | Reuters
May 26 (Reuters) - Following are upcoming events linked to the debt crisis in the euro zone:EUROPEAN UNION: --------------- -- June 20 - Eurogroup meeting ...
in.reuters.com/.../eurozone-events-idINLDE66D1JB20110526
Greece readies more reforms to beat debt crisis - Yahoo! News
Greece speeds up asset sales to beat debt crisis AFP – A woman yawns as she ... demanded tangible measures to ward off a second eurozone debt crisis. ... Play Video Video: Portuguese react to news of 78-billion-euro bailout … eurozone ...
news.yahoo.com/.../greeceeuimffinanceeconomyregulateservic...
Eurozone Debt Crisis: Reckless debtors or misguided rescuers ...
Eurozone Debt Crisis: Reckless debtors or misguided rescuers? ... flaws in the design of theeurozone's crisis management system that periodically push the ...
shop.ceps.be/.../eurozone-debt-crisis-reckless-debtors-or-misg...
Eurozone Debt Crisis, Euro Dead on Arrival | News | MY Sun
Eurozone Debt Crisis, Euro Dead on Arrival. Interest-Rates / Euro-ZoneMay 25, 2011 - 12:52 PM. By: John_Mauldin. I am attending the Global Interdependence ...
Telegraph.co.uk
17.05 In the latest instalment from E! News - I'm sorry, I misread that; ... fluctuations caused by the euro zone debt crisis, an EU diplomatic source said. ...
Telegraph.co.uk
What to Expect from the Week Ahead
Hemscott
In both the UK and the eurozone, this month's PMI Manufacturing Survey will be released on ...Europe's unresolved debt crisis will remain in the spotlight. ...
G8 highlights euro debt risk to world economy - AlertNet
LATEST NEWS: UN defends efforts to protect Ivorians during war ... ALERTNET INSIGHT. Exclusive, in-depth reporting from our correspondents ... EU debt crisis discussed, U.S. "concerned at weakeuro" ... statement from the resort of Deauville to continue efforts to rein in the euro zone debt crisis, EU sources said. ...
www.trust.org/.../g8-highlights-euro-debt-risk-to-world-econo...
US Expressed Support To Europe On Greece In G-8 Talks -EU Officials
Wall Street Journal
DEAUVILLE, France (Dow Jones)--The US expressed support to euro-zone countries for their handling of the Greek debt crisis, several European Union diplomats told reporters on the sidelines of a gathering of leaders of the Group of Eight leading nations ...
See all stories on this topic »
Roubini Says Banks to Plunge Irish Into 'Disastrous' Crisis
Bloomberg
“Eventually we're going to have a sovereign debt crisis that's going to be disastrous for Ireland and for the euro zone,” Roubini said. The economy is struggling to grow, with a report today showing retail sales fell 3.9 percent in April from the year- ...
See all stories on this topic »
Obama backs efforts on eurozone debt woes: official
Reuters
... tackle a sovereign debt crisis in the region, a senior US official said. "The president made clear that we have a strong interest in the euro zone successfully managing their way through the situation, that we have been supportive of them doing so, ...
See all stories on this topic »
Bracing for QE2 final countdown
Reuters
SPX -- nearly 10 percent higher than now -- Europe's STOXX 600 .STOXX at 320, TOPIX .TOPX at 900 and MSCI Asia-exJapan index .MIAP0000PUS at 530. The euro zone sovereign debt crisis will likely remain an issue that would weigh on investor minds, ...
See all stories on this topic »
Lagarde Sees Europe Debt Crisis, Middle East as Focuses for Next IMF Chief
Bloomberg
By Svenja O'Donnell and Scott Hamilton - Fri May 27 13:16:32 GMT 2011 French Finance Minister Christine Lagarde said Europe's debt crisis and the aftermath of the Arab Spring will be priorities for the International Monetary Fund's next chief as she ...
See all stories on this topic »
Weak dollar, Greek debt propel gold to 3-week high
Reuters
In the latest development on the Greek crisis, the head of euro zone finance ministers Jean-Claude Juncker said the International Monetary Fund could withhold the next slice of aid to Greece due next month. "The chances of debt default by Greece are ...
See all stories on this topic »
Reuters
European Confidence Worsened in May
Bloomberg
Euro-region growth may lag behind an expansion in the US this year, the Organization for Economic Cooperation and Development said on May 25, when calling the debt crisis a “major risk” to the outlook. In the currency union, gross domestic product may ...
See all stories on this topic »
WORLD FOREX: Economic Gloom Stalks Dollar
Wall Street Journal
By Javier E. David Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Faltering US economic growth and gloomy labor-market data undercut the dollar Thursday, momentarily overshadowing theeuro-zone debt crisis. The "ugly dog" contest in which the dollar has ...
See all stories on this topic »
Audio: Saxo Bank consultant questions ability of eurozone to survive present ...
Hedge Funds Review Magazine
Nick Beecroft, senior markets consultant at Saxo Bank in London, looks at the key developments in the unfolding sovereign debt crisis and the political will of theEuropean Union's architects. Senior markets consultant at Saxo Bank in London Nick ...
See all stories on this topic »
Hedge Funds Review Magazine
Greeks fail to agree on measures to avert aid threat
Montreal Gazette
Greek political leaders failed to agree Friday on further austerity measures to avert a new debt crisis, jeopardizing bailout funds from the EU and IMF urgently needed to keep the eurozone member afloat. ATHENS/BRUSSELS - Greece's prime minister failed ...
See all stories on this topic »
Swiss Franc Climbs to Record Versus Euro, Dollar, Pound on Debt Concern
Bloomberg
“Parity is certainly not out of the question if the euro- zone debt crisis spirals out of control,” Barrow wrote. The SNB “just has to accept that the franc is the first port of call for investors escaping the turmoil of the euro-zone debt crisis. ...
See all stories on this topic »
Italy, Spain To Test Bond Markets After Ratings Move, Elections
Wall Street Journal
Solving Greece's debt crisis remains crucial to containing yield spreads across the euro zone. A division between the European Central Bank and some European politicians on whether Greece's debt should be restructured has intensified volatility in the ...
See all stories on this topic »
Global growth to lead to debt cuts: G8
Taipei Times
Europe's chiefs said they would need more time to solve the Greek debt crisis as the leaders noted the strength of the euro even amid investor concerns that Greece may be headed for default, said European diplomats who briefed reporters yesterday on ...
See all stories on this topic »
IMF 'Not Contemplating' Greek Debt Restructuring
CNBC.com
... a systemic role in managing the debt crisis in the eurozone and cementing a global recovery from the economic downturn. In Europe, pressure is building behind the restructuring of a 110 billion euro ($157 billon) joint EU-IMF loan to Greece, ...
See all stories on this topic »
CNBC.com
FOREX-Euro rebounds vs dollar, Swiss franc hits record highs
Reuters
But the Swiss franc was the day's top performer, rising to record peaks against the dollar and euro. Traders said the move indicated investors were still worried about Europe's debt crisis and a divisive US budget debate, driving them to seek refuge in ...
See all stories on this topic »
GLOBAL MARKETS-Dollar trims losses on Japan outlook cut
Reuters
By Dominic Lau LONDON, May 27 (Reuters) - The dollar pared losses and world stocks and crude prices gave up some of their gains on Friday after a ratings blow for Japan rattled markets already unsettled by the euro zone's worsening debt crisis. ...
See all stories on this topic »
Emerging-Market Debt Weakens In Cautious Market; Currencies Rise
Wall Street Journal
By Erin McCarthy Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Worries about a global economic slowdown and the euro zone's sovereign debt crisis resulted in a mixed performance for emerging-market assets Thursday, as investors took a more cautious ...
See all stories on this topic »
Dollar Falls Versus Major Counterparts; Kiwi Approaches Record
San Francisco Chronicle
The Swiss franc rallied to a record against the euro and greenback as Europe's sovereign-debt crisis encouraged demand for a refuge and Switzerland's leading economic indicator held at the highest level in almost five years. ...
See all stories on this topic »
No breakthrough on Greek austerity crisis talks
Monsters and Critics.com
European leaders remain at odds over how to handle Greece's debt crisis, with credit ratings agencies warning that a debt default would impact other eurozone countries. With a debt running a more than 330 billion euros, many experts have said that the ...
See all stories on this topic »
Slovenia a step away from 'critical situation'
RTE.ie
Slovenia is only 'a step away from a critical situation' and could be the next euro zone country to fall into crisis, its central bank chief Marko Kranjec warned today. Due to its budget deficit and increasing debt, Slovenia could follow the path of ...
See all stories on this topic »
Stocks get some relief from worries about Greece
BusinessWeek
That's been one of the two main factors behind the poor performance of stocks over the past few weeks, the other relating to concerns over Europe's debt crisis, in particular whether Greece will end up having to restructure its mountain of debts. ...
See all stories on this topic »
Buy the Euro High and Sell Higher
Seeking Alpha
Earlier this week the AUD felt the wrath of the market, falling to a six-week low versus the greenback and against the yen as concern that Europe's debt crisis is deepening sapped demand for higher-yielding assets. Domestic data had also being weighing ...
See all stories on this topic »
'Global recovery has been difficult'
Independent Online
The sovereign debt crisis in peripheral Europe showed little signs of abating while speculation around possible Greek debt restructuring or, in some quarters even around an eventual exit from the euro zone, was gathering momentum and threatened the ...
See all stories on this topic »
Obama told G8 he wants a strong euro, Berlusconi says
Reuters
An EU diplomatic source said on Thursday the United States had told the G8 it wanted "a serious debate" about the recent weakness of the euro against the dollar caused by the euro zone's debt crisis. This was later denied by US authorities. ...
See all stories on this topic »
Europe Factors-Shares seen sharply higher; focus on commds
Reuters
Investors are expected to keep a close eye on headlines surrounding the euro zone debt crisis after the head of euro zone finance ministers said on Thursday the International Monetary Fund could withhold the next slice of aid to Greece due next month. ...
See all stories on this topic »
A roundup of finance news
Ninemsn
BERLIN - The European Central Bank is signalling that it remains on track to raise interest rates further despite the continent's debt crisis. LUXEMBOURG - Luxembourg Prime Minister Jean-Claude Juncker, who heads the eurozone finance ministers, ...
See all stories on this topic »
Sarkozy Rules Out Debt Restructuring, Not Priv Burden-Sharing
IMarketnews.com
"Anything that could jeopardize the future of the euro would jeopardize the future of Europe and even the future of France and of Germany," he said. While Greece's debt problems were not on the agenda of the G8, the situation of the Eurozone was ...
See all stories on this topic »
US STOCKS-Wall St gains on energy, materials; trading light
Reuters
However, strategists said shares were set to remain in a range until there was more clarity on the euro zone debt crisis. On the macroeconomic front, US consumer sentiment improved in May as job gains offset high gasoline prices, while inflation ...
See all stories on this topic »
OECD: Eurozone financial conditions improved
Balkans.com Business News
The sovereign debt crisis and persisting imbalances within the euro area are a major risk to the outlook. Prolonged fiscal consolidation is needed in most countries to stop rising debt-to-GDP ratios and then reduce them to more prudent levels. ...
See all stories on this topic »
CHF currency continues to benefit from safe-haven flows
FXstreet.com
This contrasted yesterday's report that the US was worried by euro weakness against the USD referring to fluctuations caused by the euro zone debt crisis. The US was said to have "asked for a serious debate about the euro's weakness against the dollar ...
See all stories on this topic »
Top economists anticipate 'restructuring' of Greek debt or 'booting' out of...
MercoPress
Nouriel Roubini, the New York University economist known as Dr Doom, says Greek restructuring would not bring down Europe's financial system. The economist, who earned his nickname by predicting the global financial crisis, says an orderly debt ...
See all stories on this topic »
MercoPress
Spain May Be Too Big To Fail, But Worries Grow
Wall Street Journal
On Thursday, the yield on 10-year Spanish government debt traded around 5.35%, while the equivalent in Greece was about 15%. Many investors believe European Union officials won't allow Spain to fall because that would spark a full-blown crisis in the ...
See all stories on this topic »
Spanish love South Ken, Italians flock to Mayfair, and it's Belgravia for Greeks
Evening Standard
... chief executive of wealth management firm SPF Private Clients, describing how the richest tycoons of Europe's sick economies are investing in property in Mayfair, Knightsbridge and Kensington to escape the eurozone debt crisis. ...
See all stories on this topic »
BULLION MORNING - Gold recovers on dollar weakness, continued economic uncertainty
FXstreet.com
“Prices are up today as the dollar weakens and expectations increase that the European sovereigndebt crisis will continue to roll on unabated,” John Meyer at Fairfax said. The US dollar extended the previous session's fall against the euro to 1.42, ...
See all stories on this topic »
Rand to stay strong for 12 to 18 months
The New Age Online
By Janice Roberts The rand was softer against the dollar in noon trade on Wednesday - but off its worst levels - as concern over the euro-zone debt crisis hit the common currency and encouraged risk aversion. "The rand is trading on news coming out of ...
See all stories on this topic »
Gold rallies after Greek talks fall through
Proactive Investors UK
Safe haven demand propelled a rally in gold prices amid fears that Greece will default on its debt, triggering a wave of debt rating downgrades in the euro zone. Traders were going for gold for wealth protection, while shunning the US dollar, ...
See all stories on this topic »
Proactive Investors UK
Morning business news - May 27
RTE.ie
The company is also facing a looming debt crisis, with Eircom in danger of defaulting on its corporate debts. Eircom's chief executive Paul Donovan says the figures are evidence, amongst other things of the ruthless competition, the impact of charging ...
See all stories on this topic »
Dexia to Speed Up Restructure
Wall Street Journal
... billions it holds in euro-zone sovereign debt, and stood at €3.9 billion at the end of December. The planned adjustment will enable Dexia to negotiate with the European Commission and governments that had provided state aid in the financial crisis ...
See all stories on this topic »
Asian Currencies Drop This Week on Europe Sovereign-Debt Crisis
San Francisco Chronicle
May 27 (Bloomberg) -- Asian currencies completed a weekly decline, led by the Philippine peso and the Taiwan dollar, as the worsening European debt crisis reduced demand for emerging- market assets. The MSCI Asia-Pacific Index of shares posted its ...
See all stories on this topic »
'Worse problems to come after austerity'
Press TV
... crisis and Euro zone crisis - if the strategy that's been adopted by now is not working - there is of course no prediction been made yet if there's going to be an alternative strategy, a plan B - What will happen if Greece defaults on its debt, ...
See all stories on this topic »
Press TV
Fresh eurozone tensions unsettle equities
Financial Times
Analysts said this could raise problems in countries such as Germany and Finland where there is widespread opposition to bail-outs of peripheral eurozone countries. “It seems we have reached a stage in the crisis whereby a disillusioned electorate is ...
See all stories on this topic »
CANADA STOCKS-TSX may open higher on stronger commodity prices
Reuters
... as a softer dollar tempered demand worries triggered by euro zone debt concerns and weak US economic data. [O/R] * Gold prices climbed as worries about Greece's debt crisis triggered buying by investors looking for a safe place to park assets, ...
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INTERVIEW: UBS Private Bank Targets Margins As Asset Outflows Stop
Wall Street Journal
Continuing euro-zone debt restructuring problems are also hitting sentiment. "It's no secret markets have not been cooperative this past few weeks--as a bank, we're totally exposed to these swings. The [strong] Swiss franc is also taking its toll," he ...
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IMF, Greek debt, Abyei, Arab Spring, Facebook, the “Invincible ...
By lgazissax
IMF and European debt crisis news: All European votes on the IMF have been lined up for Christine Lagarde, a French finance minister with leanings toward free trade who once got in hot water at home for criticizing the rigidity of the French labor ... But there's another possibility: maybe Juncker is pressuring the euro zone to install Lagarde as IMF managing director before June 29. Lagarde has “earned a reputation as the most uncompromising opponent of a Greek debt ...
Alexandria - http://aleksandreia.wordpress.com/
Greek political leaders meet over financial crisis - The Blue Voice
By Bruce Miller
One year after a 110 billion-euro bailout that aimed to stem the spread of the region's debt crisis, Greece remains shut out of financial markets and Portugal and Ireland have followed in needing rescues. EU leaders are considering new ...
The Blue Voice - http://thebluevoice.blogspot.com/
USAGOLD News and Views » Blog Archive » Greek debt propels gold to ...
By News
In the latest development on the Greek crisis, the head of euro zone finance ministers Jean-Claude Juncker said the International Monetary Fund could withhold the next slice of aid to Greece due next month. “The chances of debt default ...
USAGOLD News and Views - http://www.usagold.com/cpmforum/
FACTBOX-Coming events in euro zone debt crisis | Reuters
May 26 (Reuters) - Following are upcoming events linked to the debt crisis in the euro zone:EUROPEAN UNION: --------------- -- June 20 - Eurogroup meeting ...
in.reuters.com/.../eurozone-events-idINLDE66D1JB20110526
Greece readies more reforms to beat debt crisis - Yahoo! News
Greece speeds up asset sales to beat debt crisis AFP – A woman yawns as she ... demanded tangible measures to ward off a second eurozone debt crisis. ... Play Video Video: Portuguese react to news of 78-billion-euro bailout … eurozone ...
news.yahoo.com/.../greeceeuimffinanceeconomyregulateservic...
Eurozone Debt Crisis: Reckless debtors or misguided rescuers ...
Eurozone Debt Crisis: Reckless debtors or misguided rescuers? ... flaws in the design of theeurozone's crisis management system that periodically push the ...
shop.ceps.be/.../eurozone-debt-crisis-reckless-debtors-or-misg...
Eurozone Debt Crisis, Euro Dead on Arrival | News | MY Sun
Eurozone Debt Crisis, Euro Dead on Arrival. Interest-Rates / Euro-ZoneMay 25, 2011 - 12:52 PM. By: John_Mauldin. I am attending the Global Interdependence ...
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