AFP
Greece is under immense pressure owing to public debt that has swollen to 340 billioneuros. Athens benefits from an EU-IMF rescue plan worth 110 billion euros but analysts say it will need 60 billion euros more to make it through 2012, ...
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AFP
Labour considers link with Eurosceptic Tories over eurozone bailout terms
The Guardian
A poster at a newspaper stall in Dublin reflecting Europe's debt crisis. Photograph: Peter Morrison/AP The Labour party said on Sunday it was willing to work with Eurosceptic Tories to reduce the size of UK contributions to the bailout of troubled ...
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The Guardian
Five ways to save Europe
Irish Independent
Europe's response to the debt crisis has so far fallen flat. How else can the eurozone's debt rot be stopped, asks Louise McBride THE European debt crisis escalated sharply last week amid growing fears that Greece would soon default on its debt -- with ...
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At least one economy will default: Jones
ABC Online
Well Russell, interesting point in your note this week that countries don't actually get out of a debt crisis by fixing their budgets, or by growing their economy. That actually doesn't happen. RUSSELL JONES, WESTPAC GLOBAL HEAD OF FIXED INCOME ...
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Greek crisis poses problems for CDS market
Risk.net
It could even cause market players to question the viability of the eurozone, some fear. As such, a growing number of participants believe some form of voluntary restructuring is most likely – either via a debt exchange or maturity extension. ...
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Risk.net
One in five feel we must start process of leaving EU
Irish Independent
Last week she said she was outraged by the conditions imposed on Ireland regarding the interest rate on its EU loans, saying that Ireland had the recipe to respond to the economic and banking crisis but is being treated harshly by its EU partners. ...
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Markets Now Adrift on Denial; Will Denial Turn to Blood?
Seeking Alpha
However, as unpalatable as reality is, denial is not an answer and piling on more debt means the ultimate defaults cause that much more damage. Much of the reason for last year's EU spring crisiswas the EU's indecisive delays that just let markets get ...
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Global news to set peso trading pace
BusinessWorld Online
Europe remained undecided on how to deal with Greece's debt problems, as Greek offiicials failed to agree on measures to address its debt crisis. Problems in Europe have pulled down the euro, which the peso has been tracking. ...
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Strong franc threatens homespun manufacturing
swissinfo.ch
“I expect the franc to stay strong against the dollar for longer because the US government is not tackling its debt problem,” he said. Jan-Egbert Sturm, head of the KOF Swiss Economic Institute, fears that the European debt crisis may be about the...
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swissinfo.ch
Assault on the IMF
Sri Lanka Guardian
German Chancellor Angela Merkel took the lead saying that the sovereign debt crisis in theEurozone periphery was a good reason to propose a European candidate though she did concede, half-heartedly, that emerging market economies could mount a valid ...
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Trading Week Outlook: May 30 - June 3, 2011
Seeking Alpha
In the aftermath of the Non-Farm Payrolls and one week ahead of the European Central Bank's meeting, if the market's focus shifts from the debt crisis in the Euro-zone back to pricing ECB rate hike expectations and the Fed's lack of urgency to exit its ...
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We must fight back to renegotiate bailout
Irish Independent
The sovereign debt crisis in Ireland is in large degree a manifestation of the excessive guarantee extended to the banking system in September 2008. The European Central Bank remains wedded to the repayment of all bank bonds but approximately €20bn in ...
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ECB's Paramo: Spain must finish labour reform
Reuters
MADRID May 29 (Reuters) - Financial markets will remain sceptical that Spain can steer clear of thecrisis until the country manages to finish its reform of the labour market, a senior European Central Bank policymaker said in an interview. ...
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Global markets week ahead
Pakistan Daily Times
The International Monetary Fund technical mission is expected in Lisbon in May 30-31 to accompany the implementation of the 78-billion-euro bailout plan agreed last month. The eurozone debt crisisis likely to lead to material asset allocation changes ...
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Greece denies missed fiscal targets, EU bickers
Reuters
But pressure continued to pile on the socialist government, which saw its popularity fall behind its conservative opposition for the first time since 2009 elections in the wake of harsh austerity measures to exit the debt crisis. ...
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Global Debt: Public debt of the developed countries could rise to 200% of ...
FinFacts Ireland
In A Decade of Debt, Reinhart and Rogoff survey the historical record and present evidence that, in part because of the global financial crisis, public debt in advanced economies has surged in recent years to levels not recorded since World War II and ...
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FinFacts Ireland
Portugal wakes up to cost of private-public financing
Times of Oman
"But this method is reaching a crisis point," he warned. Last month, the European Union andInternational Monetary Fund mission which was negotiating terms for a debt rescue, asked the Socialist Government to include three PPPs in its 2010 accounts, ...
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Economic Cooperation, Austerity Measures in Focus of Slovakian PM Visit
STA - Slovenska Tiskovna Agencija (subscription)
In the Finance interview, Radicova was critical of the Greek government, financial institutions andcredit rating firms and the role these three played in Greece debt crisis. Slovakia is the onlyeurozone country that refused to lend a hand to Greece. ...
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Greek leaders fail to agree on austerity plan
istockAnalyst.com (press release)
May 28--George Papandreou, the Greek prime minister, has failed to get opposition party leaders to back austerity measures but vowed to do whatever it takes to exit a debt crisis -- even without their consent. The EU warned Greece was running out of ...
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Lagarde frontrunner to take IMF post
TheChronicleHerald.ca
There were already fears that Strauss-Kahn's presidential ambitions led the fund to be too soft onEurope. Lagarde has played a central role in forming the euro zone's response to its debt crisis, and whatever her private views, she has a public record ...
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The Euro-Debt Crisis: Greece, Portugal, Spain. The Debts are ...
By jayfromeire
The events of the past year remind us of the onslaught of the credit crisis, which unfortunately is still with us. What finally brought about trouble for Greece and other euro zone countries was the zero interest rate policy of the Fed .... The EU is demanding all the assets be sold off immediately, so the bankers can buy them as cheaply as possible. The threat by the bankers is if you do not sell and sell fast for a pittance, then we won't fund loans of $42 billion over ...
OneWorldScam - http://oneworldscam.com/
Greeks favor selloffs to end debt crisis: poll | www.bullfax.com
By marketmaker
A narrow majority of Germans is in favour of the EU's multi-billion-euro bailout package for crisis-hit Portugal, a poll suggested on Sunday, with 90 percent believing it would not be the last.The Emnid poll for the Bild am Sonntag weekly showed 50 percent ... Reuters - A majority of Germans wantdebt-ridden Greece to be thrown out of the euro zone if necessary and more than two-thirds oppose handing Athens billions of euros in credit, a poll published on Sunday showed. ...
Bullfax.com - Market News & Analysis - http://www.bullfax.com/
Greece denies missed fiscal targets, EU bickers - Insight Broadband
Latest News. Greece denies missed fiscal targets, EU bickers ... The ailing euro zone state, whose debt burden stands at around 330 billion euros, ... telling Greece the only way it can exit its debt crisis is through fiscal ...
www.insightbb.com/reuters/default.aspx?doc=2011...
Current Events: G8 highlights euro debt risk to world economy
Vision Insights and New Horizons ... News From Reuters. reuters logo ... to continue efforts to rein in the euro zone debt crisis, EU sources said. ...
www.davidhulme.org/visionmedia/article.aspx?id=44805
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