Financial Times
“Europe's debt crisis remains a slow-motion car crash. If sovereign wealth funds did not remain so determined to diversify out of dollars, the euro would ...
Risk assets ride out EU contagion fear
Financial Times
“Europe's debt crisis remains a slow-motion car crash. If sovereign wealth funds did not remain so determined to diversify out of dollars, the euro would surely be much lower.” Weaker economic data on both sides of the Atlantic, provoking renewed ...
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SA sanguine over Swaziland debt crisis
Times LIVE
Some observers referred to the debt problems in Swaziland and Lesotho, which is also part of the rand's common monetary area, as southern Africa's own "PIIGS" - in reference to the ongoing debt crisis in the euro-zone countries Portugal, Ireland, ...
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Times LIVE
Investors brace for QE2 final countdown
Economic Times
It expects the S&P 500 index to end the year at 1450 -- nearly 10 per cent higher than now --Europe's STOXX 600 at 320, TOPIX at 900 and MSCI Asia-exJapan index at 530. The euro zonesovereign debt crisis will likely remain an issue that would weigh ...
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Greece's debt default crisis: latest reaction
Telegraph.co.uk
Here's how some of Europe's economic leaders reacted: Mr Papandreou said he believed there was still common ground with opposition parties on how to exit a debt crisis, adding he would do whatever it takes to deal with the crisis even without wider...
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Telegraph.co.uk
Euro Forecast Bullish but Greek Debt Crisis Remains Major Risk
Daily FX
Growing populist opposition to fiscal bailouts would make such a solution a tough pill to swallow, and it will be critical to watch any and all official commentary on the Greek debt crisis. Our own Senior Technical Strategist said he hasn't been ...
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Apocalypse Not
Barron's
Start with Greece, the epicenter of the crisis, or perhaps more properly, the farce. One must remember that the Greeks won membership in the euro zone only after lying about the size of their existing national debt, hiding more than $3 billion of it ...
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Storm brews again, emerging economies hanging on
Malaysia Star
And as the economy enters the second half of 2011, it seems clear that the euro-zone debt crisis will only deepen. Over the week, fresh worries over the possibility of Greece defaulting on its debt have escalated once again, as speculations that the ...
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Malaysia Star
Trichet: Entirely Unrealistic For A Country To Leave Euro Zone
Wall Street Journal
"The euro area is a community that shares the same destiny: each member is dependent on the others." The president said that the most important lesson from the crisis is that euro zonecountries "must coordinate their economic and financial policies ...
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Time running out for Greece's economy, EC warns
Herald Sun
The European Union's executive arm "regrets the failure of Greek party leaders to reach consensus on economic adjustment to overcome the current debt crisis", said EU economic affairs commissioner Olli Rehn. "We expect that the efforts towards a ...
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Athens could raise 300 billion euros with sell-offs: ECB
Reuters
The ailing euro zone state, whose debt burden stands at around 330 billion euros, needs to garner support from opposition parties for fiscal reforms before the European Union and International Monetary Fund will free up more payments from a bailout ...
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Reuters
Take advantage of China
Proactive Investors UK
Markets hate uncertainty and the lack of progress by Eurozone officials is causing investors to question their ability to contain the crisis and prevent a possible break-up of the Euro. Growing fears about a Greek debt restructuring have been ...
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Sensex recovers early losses, still ends week 60 pts down
Business Standard
The trading for the week started on a subdued note on persisting concerns over inflation and high interest rates as well as weak global cues on deepening euro-zone debt crisis. Analysts said investors sold across-the-board in the early part of the week ...
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Gold surges to end week above $1530 amid US dollar weakness
Proactive Investors UK
The government is looking to implement another round of austerity measures to cut budget deficit and comply with the terms of the bailout it received last year to avoid restructuring its debt. Uncertainty created by the debt crisis in Europe has heated ...
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IMF Firefight For Missing Gold
The Market Oracle
China's broadside rejection of the French Lagarde candidate, on rational grounds including her almost perfect ignorance of economics, may be tempered by the awe-inspiring implications of the euro-zone sovereign debt crisis, coming to a boil again over ...
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Value buying to emerge in key large caps
Reuters India (blog)
Selling pressure continued over fresh concerns of Europe's sovereign debt crisis with derivative contract expiry providing the volatility. The market-wise rollovers were almost 83.2 percent as compared to 82.8 percent last month. On the sectoral front, ...
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Reuters India (blog)
Unions warned about EU's forthcoming 'six-pack'
Malta Independent Online
2. Then there was the economic crisis – deep recession – and the governments of the G20 countries and of Europe came up with stimulus packages. 3. The latest crisis, once the first two were not solved at all, was the sovereign debt crisis. ...
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The Week Ahead
International Business Times
Then there is the Eurozone debt crisis, which continues to drag on like an epic Nordic saga (though no Scandinavians are in trouble). The latest is political opposition from Greece's minority parties to additional austerity measures and the potential ...
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Chinese Vice President Xi To Visit Italy, Latin America June 1-13
NASDAQ
... support for the euro zone amid its sovereign debt crisis. China has recently bought chunks of Spanish and Greek debt, and says it is willing to keep buying government debt of members states of the European Union, its largest trading partner. ...
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Defensive investors move to bonds from equities -EPFR
Reuters
By Walter Brandimarte NEW YORK, May 27 (Reuters) - Investors moved more funds to bonds from equities in the week ending May 25, in a defensive strategy on concerns about global economic growth and the euro zone debt crisis, EPFR Global said on Friday. ...
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Stocks Fell for the Fourth Consecutive Week (AAPL, BAC, BP, CAT, CSCO, FSL, GE ...
TradersHuddle.com
Weston, May 28 th (Tradershuddle.com) – Stocks ended lower for the fourth consecutive week, as worse than expected economic data around the world, along with concerns over the debt crisis in the euro zone periphery weighed on sentiment, ...
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Dollar Retreats Against Rivals
Wall Street Journal
Ebbing fears about Europe's sovereign-debt problems lifted the euro Friday, as a lack of news on Greece's financial crisis encouraged investors to buy back the single currency. Fears that house prices still haven't hit bottom were underscored by the ...
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PRECIOUS METALS: Gold Hits 3-Week High As Dollar Falls
Wall Street Journal
Greek leaders Friday failed to reach a consensus on a plan to manage the country's economic crisis, heightening worries about the ability of the European Union to deal with member countries' sovereign debt. Also Friday, Fitch Ratings cut its outlook on ...
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US Has Binged. Soon It'll Be Time to Pay the Tab.
New York Times
The paper assesses the potential consequences of a more pervasive debt crisis, one involving a number of countries in the same perilous position at the same time. The authors also consider the impact that future interest rate increases may have on ...
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FTSE 100 Stock Market Index Resilience
The Market Oracle
The Euro zone was already experiencing a Sovereign debt crisis, which one year on continues, despite the EU/EZ/IMF putting a sizeable rescue fund in place, but markets don't think it adequately addresses the problem. Because of what was going on in the ...
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Spain: Indignant in Iberia
Financial Times
“If the EU can somehow stave off the crisis – the currency issue, the restructuring of Greek debt – I think Spain will survive,” says Prof Canals. “It will be a slow process, but Spain will survive.”
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Financial Times
Morocco, Jordan membership would test Gulf economies
Arab News
The European Union sovereign debt crisis revealed the importance of centralizing both monetary and fiscal policy to avoid breaches of budget deficit and debt limits that could potentially destabilize the bloc. One major question mark over the extension ...
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ROHAC: Don't let European politicians run the IMF
Washington Times
While Ms. Lagarde's victory might be applauded by European Union political elites, it is far from clear that having a French head of the IMF is desirable in the midst of the present crisis on the eurozone's periphery. For one, a European politician is ...
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Washington Times
Firm Sees 'Twin Threats' to Bank Profits
TheStreet.com
"Neither a rise in real estate loan losses nor a debt default by any of the four euro-zone nations most in trouble would severely trouble the US banking sector, which is better capitalized now than at any time in at least 20 years," Capital Economics ...
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EU: This was a successful G8 summit.
EMportal
Europe's action to tackle the sovereign debt crisis faced by some members of the Eurozone is clearly recognized and supported by all. On trade, the EUs concerns were shared by all. We are clearly in a difficult situation. The EU will continue to push ...
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Lessons not learned from global recession
NL-Aid
Four years later, indications are that the financial elites have learned nothing from the recent economic crisis, other than to concentrate capital at any social and political cost and circumvent legal hurdles for the financial and political elites. ...
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Global Markets Weekly - 27 May 2011
Coutts
The euro fell sharply over the week as the raging argument over Greek restructuring caused fears over the unresolved eurozone debt crisis to flare up again. We concur that this issue will continue to dog the euro and remain sceptical that the political ...
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Raiding 911: Who You Gonna Call?
Barron's
Leaders of the Group of Eight said the recovering global economy will help reduce debts accumulated during the recession that followed the 2008 financial crisis. Europe said it would address its debtsituation with "determination," and President Barack ...
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Asian Currencies Fall as Europe Debt Crisis Curbs Emerging-Markets' Allure
Bloomberg
By Yumi Teso - Fri May 27 22:27:21 GMT 2011 Asian currencies completed a weekly decline, led by the Malaysian ringgit and the Taiwan dollar, as the worsening European debt crisis reduced demand for emerging- market assets. The MSCI Asia-Pacific Index ...
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G8 commits to supporting Arabs, 40 bln USD for Tunisia, Egypt (3)
People's Daily Online
Greece's woes have raised the risk of a default that could trigger a crisis across the eurozone. Sarkozy said he and German Chancellor Angela Merkel were "totally, completely and unambiguously" committed to protecting the euro. ...
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Banks stocks gain on Basel III report
Irish Times
But strategists said shares were set to remain in a tight range until there was more clarity on theeuro zone debt crisis. The pan-European FTSEurofirst 300 index of top shares rose 0.7 per cent to close at 1134.43 points. The index went just above its ...
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What keeps you awake at night?
Investment Week
On the eurozone's crisis, he says there are “massive systemic risks”, but it is “a very good thing” the UK has at least excluded itself from the latest support mechanism. So too, says Hintze, is Germany still being in a position to save the euro. ...
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Euro crisis: “Politicians have become sheep, not leaders”
Slugger O'Toole
This is perceived to reflect increasing IMF frustration at the monumental standoff between the euro zone's political leadership, in which a move to ease Greece's debt burden is gaining support, and that of the European Central Bank (ECB), which recoils ...
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Can The Euro Close The Week On A High Note?
Forex News Now
Elsewhere, stocks are higher today but have followed the euro lower in the latter part of the European session. The end of the G8 meeting in France passed without incident and the communiqué didn't say anything specific about the Eurozone debt crisis ...
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NewsDaily: Inspectors say Greece missed all fiscal targets: magazine
FRANKFURT/ATHENS, May 13, 2011 (Reuters) — Despite bailouts for Greece, Ireland and Portugal,Europe's debt crisis may yet spread to core euro zone countries and emerging Eastern Europe, the International Monetary Fund said on Thursday. ...
NewsDaily: Top Headlines - http://newsdaily.com/?q=Save+Us+From+Berlusconi
The Euro, the banksters, and Greece
By Jonathan Larson
By News Wires 27/05/2011. REUTERS - Greece's prime minister failed to convince opposition leaders on Friday to support tougher austerity measures to free up EU /IMF aid needed to avert adebt default. The European Union is demanding that Greek politicians reach a ... Instead, theeurozone has entered a seeming state of permanent crisis. In desperation, European policymakers have adopted a very British characteristic – the hope that they can somehow just muddle through. ...
real economics - http://real-economics.blogspot.com/
There is no eurozone debt crisis: OECD chief - Business News ...
"There is no eurozone debt crisis except in the larger sense of being an OECD debt -- not ... which also have risks to weigh down the euro zone debt burden. ...
english.sina.com/business/2011/0520/374281.html
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