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Jun 18, 2011

EUROZONE Crisis News, Jun 18, 2011

@theMarket: Greece — How To Default Without Defaulting
iBerkshires.com (blog)
The European Community's solution to the Greek debt crisis has been an exercise in kicking the can down the road for well over two years. Unfortunately, this Greek Tragedy is now taking on the dimensions of a three-ring circus and taking the world's ...
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TIMELINE-Greece's debt crisis - AlertNet
LATEST NEWS: TIMELINE-Greece's debt crisis · Oregon lawmakers vote to outlaw suicide ...ALERTNET INSIGHT. Exclusive, in-depth reporting from our correspondents ... May 2, 2010 - Papandreou says Greece has sealed deal with EU and IMF, ... from euro zone states, plus 60 billion euros in European debt instruments. EU ...
www.trust.org/alertnet/news/timeline-greeces-debt-crisis/
Euro Debt Crisis: Greeks Strike, Clash With Police Over Austerity ...
... efforts to pass new austerity measures for the debt-stricken euro zone state . ... for the necessary decisions to see the country exit the crisis. ...
www.cnbc.com/.../Greeks_Strike_Clash_With_Police_Over_A...
CANADA STOCKS-TSX may open lower, weighed by euro zone debt woes ...
... index looked set to open lower on Wednesday, as the latest turn in Europe's ongoing debt crisishelped send commodity prices lower. Euro zone finance.
af.reuters.com/article/idAFN1527789420110615
foreign exchange » Blog Archiv » Forex Forecast : Rate Predictions ...
As fears over an escalation of Greeces debt crisis take a tighter hold on the ... Rate Predictions For GBP, USD, EUR, AUD, CHF, AED Currency News UK its ... GBP EUR Rate Closes Higher For Fourth Consecutive Session Following Eurozone ... Foreign Exchange Insight : Dollar Surges as Global Risk Appetite Ebbs Away on ...
www.foreignexchangeeasy.info/.../forex-forecast-rate-predicti...
2nd UPDATE Spanish PM: Euro Zone Will Support Greece
Wall Street Journal
By Geoffrey T. Smith Of DOW JONES NEWSWIRES SAINT PETERSBURG, Russia (Dow Jones)--Europe will find a way to overcome the debt crisis in Greece, but needs a "common sense contribution" from the financial sector to guarantee success, Spanish Prime ...
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Euro zone debt crisis recovery of 'crucial' importance to China
Irish Times
RECOVERY FROM the euro zone debt crisis is of crucial importance to China, deputy foreign minister Fu Ying said yesterday. As a major investor in Europe's debt market, China's “vital interests” were at stake, she added. ...
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Greece debt crisis likely to hit Italy, Belgium, warns Luxembourg PM
International Business Times
“Solving the euro area's debt crisis will take time. We see more turmoil but no hard restructurings. We see an additional €50-60bn of European Union (EU) / International Monetary Fund (IMF) loans to Greece, possibly with a "softening " of maturity ...
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Russia, Spain Talk Business Amid Europe Debt Worries
Wall Street Journal
Most analysts consider Spain to be the pivotal figure in the debt crisis of the euro-zone periphery. Its economy, which accounts for more than 11% of the overall euro zone, is twice as large as the combined output of the three countries that have ...
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Will the eurozone crisis leave India unaffected?
Economic Times
Some of the world's largest banks hold substantial amounts of the debt of each of these countries. And as the Lehman crisis taught us, problems in one section of the market, may seem small at first (who thought that problems in the US housing market ...
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WORLD FOREX: Investors Pin Fragile Euro Hopes On Greece Bailout
Wall Street Journal
The uncertainty emanating from the euro-zone debt crisis is a risk to Italy, a Moody's analyst told Dow Jones in an interview. "While Greece has been dominating the headlines for some time now, the extent of Europe's sovereign crisis goes well beyond ...
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Moody's warns it may cut Italy's debt rating; Greek bailout talks advance
Los Angeles Times (blog)
The dreaded fear of contagion in Europe's government-debt crisis flared on Friday after Moody's Investors Service put Italy's bond ratings on review for possible downgrade. Moody's move came after hopes rose early Friday that euro zone countries might ...
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IMF cuts US growth forecast, warns of crisis
Times of India
The IMF said it was slightly more optimistic about the euro area's growth prospects this year, but a lack of political leadership in dealing with Europe's debt crisis and thewrangling over budgetin theUnited States could create major financial ...
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A check-up at mid-year
Malaysia Star
Third, across the Mediterranean, euro-zone's debt crisis came back in full swing. Markets fretted about the long-expected bailout for Portugal, after Lisbon rejected the March 23 austerity measures. Possible write-downs of Irish bank debt by the new ...
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Could the Eurozone Break Up?
The Market Oracle
The alleged case of a successful internal devaluation -- that of Latvia -- is not relevant here: Entering the crisis, its public debt was 9% of GDP, not the 100%- plus of Greece; losses from depression and deflation were taken by foreign banks ...
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Forex Weekly Outlook - June 20-24
FXstreet.com
German economists confidence dropped more than expected in May to 3.1 from 7.6 in April below forecasts of 5.0 amid global slowdown and the crisis in the Euro-Zone. A further drop to -1.1 is expected following the Greek debt crisis. ...
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Deutche Bank's CEO: Greece Impact on Eurozone
CNBC.com (blog)
Do you believe that the policy makers will protect the Euro? ACKERMANN: No, that's absolutely clear that it is not a euro crisis, it is a debt crisis on the periphery. And the fact that Europe is so much part of or the Euro is so much part of the ...
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Greek Communists Protest Govterment Austerity Plans After Cabinet Reshuffle
Voice of America
In comments to a German newspaper published Saturday, he said a Greek debt default could spread the crisis to other highly-indebted EU nations, including Italy and Belgium, in addition to Spain.
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'Greece threatens Euro-zone economy'
Press TV
While the government would like to see this happen, the banks would not because it sets a bad precedent and could trigger another financial crisis - a Lehmann style collapse and a general panic around Europe. Press TV: This week the rating agency,...
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Oil slides 2pc on growth concerns
The Australian
US crude oil futures prices fell 2 per cent to a four-month low of $US93.01 a barrel on concern that the Greek debt crisis and sluggish US economic growth will slow oil demand. "It's a worry trade," said Zachary Oxman, managing director at TrendMax ...
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Business Highlights
The Associated Press
___ Deepening crisis casts shadow over Lagarde IMF bid PARIS (AP) — Christine Lagarde's bid to head the International Monetary Fund could face new scrutiny now that Greece's worsening debtstorm risks toppling one of her candidacy's key pillars — her ...
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OIL FUTURES: Crude Settles -2% At 4-Month Low Of $93.01/Barrel
Wall Street Journal
By David Bird Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--US crude oil futures prices fell 2% to a four-month low of $93.01 a barrel Friday on concern that the Greek debt crisis and sluggish US economic growth will slow oil demand. ...
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This Week: GOP Debate, Greek Respite, RIM Trouble
Wall Street Journal
French President Sarkozy urged EU leaders to find a compromise on the debt crisis amid concerns that it could hurt the euro zone's credibility. Mexican central banker Agustín Carstens, campaigning for the top job at the IMF, said the World Bank should ...
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Greek default fear spooks Sensex to 3-week low
Chandigarh Tribune
Brokers said a weak economic data in the US and continuing sovereign debt crisis in Europe, the markets from where the software exporters earn most of their revenue, weighed on them. Tata Steel notched up an impressive 3.45 per cent gain after the ...
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David Cameron: No time for Britain to have a weak Prime Minister
Daily Mail
George Osborne deserves equal praise for taking such decisive action to cut the deficit – thereby saving us from the kind of debt crisis now convulsing Greece. However, this is no time for schadenfreude: for, should Greece default on its monstrous ...
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Still no consensus in the Eurozone over Greece
FXstreet.com
So far the Canadian central bank has raised interest rates once since the global financial crisis and Governor Carney reiterated the plan to raise interest rates “eventually”. GBPCAD remains a range trade, so buyers should target 1.59-1.60 depending on ...
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Amid Greece Tumult, Effort to Craft Solution that Dodges 'Default'
Wall Street Journal (blog)
As euro-zone officials get closer to forging some kind of agreement on a Greek debt package and restructuring, all eyes will be on the credit-ratings firms to see whether they slap a default rating on the obligations of the Hellenic Republic. ...
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Your 10 Questions with Deven Sharma
Malaysia Star
How do you think the euro-zone crisis will play out and will there be a restructuring of Greek debt? Abdul Kareem Allapitchay, Georgetown This is a very fluid situation. A restructuring of Greek debt is not inevitable, but in our view it has become ...
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Merkel urges 'substantial' bank aid for Greek debt
Bangkok Post
German Chancellor Angela Merkel on Saturday urged "substantial" aid from private creditors in resolving Greece's debt woes, as the Eurogroup warned the crisis could spread like a firestorm through other EU economies. German Chancellor Angela Merkel...
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The Logic of Imperial Insanity and the Road to World War III
Lew Rockwell
Prior to the meeting, European Central Bank President, Jean-Claude Trichet, “said governments should consider setting up a finance ministry for the 17-nation currency region as the bloc struggles to contain a region-wide sovereign debt crisis. ...
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Ratio trading puts gold on top
Business Standard
Amid worsening euro zone crisis and a parade of falling prices for most commodities, punters have found a safe haven in gold. Market players, who are relatively price sensitive, believe that gold price is set to soar in the near future. ...
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Moody's Puts Italy's Rating on Watch
Wall Street Journal
"The coexistence of some of the weaknesses of the Italian economy, together with the uncertainty in market sentiment due to the euro-zone debt crisis ... creates further risks that we need to review," Mr. Kockerbeck told Dow Jones. ...
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Private sector to be involved in new Greek bailout
Irish Times
He said the fact that a crisis in three countries which represent about 6 per cent of euro area GDP could threaten the financial stability of the entire euro zone had been “totally underestimated”.
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Dow Snaps Losing Streak, Nasdaq Falls for 5th Week
Fox Business
Such an event, analysts say, could reverberate in debt markets in the euro zone and potentially even abroad. In the short-term, aid from the European Union and the International Monetary Fund would help the country make payments on its bonds, ...
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Debt crisis: Juncker warns of further contagion
NECN
BERLIN (AP) — The head of the euro group is warning the Greek debt crisis could spread to other countries including Italy and Belgium if it is not cautiously managed. German daily Sueddeutsche Zeitung on Saturday quoted Jean-Claude Juncker as saying ...
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Greek debt crisis: Juncker warns of contagion
Greenwich Time
Photo: Markus Schreiber / AP BERLIN (AP) — The Greek debt crisis could spread to at least five other European countries — including Belgium or even Italy — if it is not cautiously managed, the head of the euro group warned Saturday. ...
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Weekly Review of Events Involving Slovenia, 11-17 June
STA - Slovenska Tiskovna Agencija (subscription)
LJUBLJANA - The exposure of Slovenian banks and insurance companies to debt securities of the indebted eurozone members Portugal, Ireland, Greece and Spain (PIGS) stood at EUR 360.5m at the end of February, according to central bank data. ...
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Oil slides on stubborn eurozone debt fears | Pattaya Daily News ...
By jan
LONDON, June 17, 2011 (AFP) - World oil prices fell on Friday on the back of widespread concern over the Greek debt crisis, analysts said. ... The forex and stock markets, however, took Merkel and Sarkozy's remarks more positively, seeing in them hope for a deal as the eurozone's two top powers appeared to move closer together on finding a solution. Crude markets were rattled earlier in the week by the failure of eurozone finance ministers to reach an deal on a second ...
Pattaya Daily News - Pattaya...
NewsDaily: Moody's may downgrade Italy on rates, growth concern
It also underscores fears of contagion from Greece's debt troubles, with Moody's saying developments in the euro-zone debt crisis could be "important determinants" in its rating review. Moody's placed Italy's Aa2 rating on review for ... " Unfortunately, the news flows of European downgrades will only increase the volatility (in) the markets," said David Kelly, chief market strategist at J.P. Morgan Funds in New York. "Greece is in the most financial trouble in Europe . ...
NewsDaily: Business Headlines
Other euro-zone countries with financial problems: Juncker warns ...
By B.B
Tags: chain, countries, eurozone, financial, Juncker, problems, reaction, warns ... D he was head of the Euro group, Jean-Claude Juncker warned against a further extension of the debt crisis in Belgium and Italy. The involvement of private creditors in further funding for Greece could cause the rating agencies, the country “insolvent” as classified, said Luxembourg Prime Minister of the ... Sources: RSS feed industry – the latest news on economy STERN.DE kng / DPA / AFP ...
Economics Newspaper
A debt crisis this way comes, IMF warns « Hot Air
By Tina Korbe
The IMF, in its regular assessment of global economic prospects, said that bigger threats to growth had emerged since its previous report in April, citing the euro zone debt crisis and signs of overheating in emerging market economies. ...
Hot Air » Top Picks
Greek debt crisis: Juncker warns of contagion | The Associated ...
By The Associated Press
The Greek debt crisis could spread to at least five other European countries — including Belgium or even Italy — if it is not cautiously managed, the head of the euro group warned Saturday.
Examiner RSS
The Coming Crisis: IMF: Debt-ridden eurozone countries 'playing ...
By Mr. Harley
The IMF, in its latest assessment of global economic prospects, said that bigger threats to growth had emerged since its previous report in April, citing the euro zone debt crisis and signs of overheating in emerging market economies. The global lender forecast that US gross domestic product would ... Join our forum! Have something to say or share? Join our online community and discuss crisis news and events -- it's free and easy to register. Click here to head on over! ...
The Coming Crisis
Analysis - Europe muddles towards perma-crisis on Greece | Reuters
PARIS (Reuters) - When will the euro zone debt crisis end and how will we know it? ... RelatedNews. Germany sticks to demand for Greek bond swap ...
uk.reuters.com/.../uk-eurozone-endgame-idUKTRE75C0RK20...
XE.com - FACTBOX-Coming events in euro zone debt crisis
News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters ... the debt crisis in theeuro zone: EUROPEAN UNION: --------------- ...
www.xe.com/news/2011/06/.../1973121.htm?...
Eurozone Debt Crisis - Euro Futures Positioning
business news IBTimes Home > World June 17, 2011 12:57 PM EDT. Eurozone Debt Crisis - EuroFutures Positioning. By Omar Alvi. As expected the EUR/USD has been moving on any kind of rhetoric about Greece debt crisis. ...
m.ibtimes.com/eurozone-debt-crisis-euro-futures-positioning-...
Euro zone debt crisis recovery of 'crucial' importance to China ...
RECOVERY FROM the euro zone debt crisis is of crucial importance to China, ... As a major investor in Europe's debt market, China's “vital interests” were at stake, she added. ... Dallas Morning News stories. Dallas Morning News logo ...
topics.dallasnews.com/article/0eEu5qb7Crdca?q=Europe
Euro zone debt crisis recovery of 'crucial ... - Soccer News
RECOVERY FROM the euro zone debt crisis is of crucial importance to China, deputy foreign minister Fu Ying said yesterday. As a major investor in Europe's ...
soccernews.bigsoccer.com/article/0eEu5qb7Crdca?q...Union
Greek debt crisis may be first domino for Europe | WOPULAR
ukGreek debt crisis may be first domino for EuropeCBS News"And the banks in ... of other weakeuro-zone economies, such as those of Portugal and Ireland, . ...
www.wopular.com/greek-debt-crisis-may-be-first-domino-eur...
Euro Zone Debt Crisis : Budget 2011
Euro Zone Debt Crisis : Budget 2011- Latest News from India Union Budget ... ( Also read: EUpostpones decision on rescue package for Greece) Greece ...
www.moneycontrol.com/news-topic/euro-zone-debt-crisis/
Debt Crisis | Forex Trading Robots Review
For more information, read our latest forex news and reports. […] Eur/$ ... Here’s also an awesome graphic comparing the credit ratings for the Eurozone [ …] ... Gold Falls vs Dollar, Flirts with New Euro High on Greek Debt Crisis ...
forex-bot.com/tag/debt-crisis
Euro Zone Debt Crisis
BIG NEWS: Urlesque; Cancer; Christina Aguilera; Nature; Mitt Romney ... Euro Zone Debt Crisis ...Euro Zone, Europe, European Central Bank, Business News ... ZURICH (Emma Thomasson) - UBS looked to put the financial crisis behind it on ...
www.huffingtonpost.ca/tag/euro-zone-debt-crisis
Euro zone debt crisis recovery of 'crucial' importance to China
RECOVERY FROM the euro zone debt crisis is of crucial importance to China, ... As a major investor in Europe's debt market, China's “vital interests” were at ... participating in the 2011 Munk Debates on China, says that, in the new. ...
topics.pe.com/article/0eEu5qb7Crdca?q=China
NEWSMEAT ▷ China Says EU Debt Crisis 'Important' to Beijing
Donor Search; Candidates; Hall of Fame; Web Search; Breaking News ... WASHINGTON (Reuters) - Negotiators trying to get the country's debt under control ... were reassured by a Franco-German summit on the Greek debt crisis. ... China said Friday the ability of eurozone companies to overcome their debt problems was ...
www.newsmeat.com/news/meat.php?articleId...2951...
Obama says Europe's debt crisis must be contained (Reuters ...
Obama says Europe's debt crisis must be contained (Reuters) ... Obama has previously cited theeuro zone crisis as one in a handful of foreign “headwinds” ... Rocketnews is a leader in live newsstories, a resource for daily news feeds . ...
www.rocketnews.com/.../obama-says-europes-debt-crisis-must...

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