Reuters
AACHEN, Germany - (Reuters) - Europe should consider strengthening central control of economic policy if efforts to deal with its debt crisis do not deliver results, European Central Bank President Jean-Claude Trichet said on Thursday. ...
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Renewed Crisis in the Eurozone
OilPrice.com
Recent events, however, have led to a renewed sense of crisis in Europe that is having a depressing effect on investment sentiment around the globe. The latest cause for worry, as we write, is the warning by Standard & Poors that Italy's sovereign debt ...
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Guest post: Eurozone crisis curtails EU policy leverage over CEE countries
Financial Times (blog)
By Mujtaba Rahman, Europe analyst at Eurasia Group While much of the mainstream debate regarding the EU's sovereign debt crisis has focused on the core (creditor) and peripheral (debtor) countries, less attention has been paid to the implications for ...
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Financial Times (blog)
EURO GOVT-Bunds reverse gains after solid Spanish auction
Reuters
By Kirsten Donovan LONDON, June 2 (Reuters) - German government bonds retreated from four-month highs on Thursday as strong demand at a Spanish sale showed the higher-rated of the euro zone states struggling with the debt crisis were riding out the ...
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German chancellor says European debt crisis no euro problem
Monsters and Critics.com
Singapore - The euro is a stable currency although high debt levels in some eurozone countries have evoked uncertainty about it, German Chancellor Angela Merkel said Thursday. 'I tell you very clearly: We don't have a euro problem in Europe,' she said ...
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The Politics of Stealth Bailouts and Plausible Deniability in the Euro Zone
Seeking Alpha
By Kindred Winecoff My post yesterday on how the German banking sector can likely withstand a restructuring of Greek debt touched on, but did not dwell on, another important aspect of the euro crisis: It's not just the banks in the eurocore that own ...
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European Markets Slide On U.S., Greece Woes
RTT News
... economy and Greece's sovereign debt crisis continued to rattle investors. The Euro Stoxx 50 index of eurozone blue chippers unofficially fell 1.27 percent, while the Stoxx Europe 50 index, which includes some major UK companies, lost 1.28 percent. ...
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Portugal Vote May Derail Train Project
Wall Street Journal
By DAVID ROMáN And ALEX MACDONALD MADRID—A high-speed rail line linking Madrid to Lisbon—a key component of the dream of European integration—could become the next victim of theeuro zone's long-running sovereign-debt crisis. ...
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Gold & Silver's Daily Market Commentary
Gold Seek
Again we point to the weakness of the dollar at a time when the Eurozone sees its debt crisisworsening. Just after New York's opening the gold price was steady at $1539.15 and in the euro at €1065.16. The dollar stood at €1: $1.4450. ...
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No Reason Appeasers Shouldn't Win
Wall Street Journal
But the parallel between the euro zone's debt crisis and the Appeasement of the 1930s is increasingly inviting. Europe's leaders, given the choice in March between fudge and chaos, chose fudge and look more and more likely to get chaos. ...
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Dollar falls to 3-week low after Greece aid report
MarketWatch
... the high debts of euro-zone member countries. “Like us, the ECB has probably gotten tired of the cacophony of voices making pronouncements about the debt crisis, and seems to favor a single overriding voice for the narrative,” said Marc Chandler, ...
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Spain bonds see solid demand as Greek talks drag on
Reuters
Spain has not faced problems selling its debt in recent months, but has paid high yields to investors still worried that a debt crisis sweeping across the euro zone will eventually spread to the Iberian nation. Spain's key debt risk premium as measured ...
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Seven years for Ireland to fully recover, warns banker
The Guardian (blog)
The markets want the current crisis to "morph" into some sort of "cohesive fiscal policy" in the eurozone, said Sian, and if that happens then the Greek deal will create an acceptable default "template" for Ireland and Portugal. ...
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The Guardian (blog)
Where the Wildest Things Are
Business Insider
They want to imagine, like Max, that they can become “king of all wild things” and tame the savagedebt crisis that's prowling around in the euro zone… But we doubt the finance ministers will fare as well as Max. The Greek debt monster will not return ...
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EUR/NZD Descending Channel, Breakout Opportunity Provide Swing Trading Opportunity
Forex News Now
Nonetheless, the concern remains the sovereign debt crisis that continues to worsen in the Euro-zone's periphery countries, mainly Greece and Portugal. The situation worsened today, with Moody's announcing that they were downgrading Greek debt once ...
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Euro zone manufacturing growth slows in May
Finance Markets
The slowdown was attributed to the nation's weaker economies, which continue to struggle amid thedebt crisis. Manufacturing activity contracted in Greece and Spain, while Italy and Ireland slowed significantly. Germany and France, the main drivers ...
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Thrilling Thursday: Can We Make Another Billion Today?
Seeking Alpha
The danger is still to the downside as the dollar could spike on the end of QE2 (winding down this month) or a worsening of the crisis in Europe. Evolution Securities notes that it typically takes nearly five years for a country's credit rating to fall ...
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EU agrees on new Greek bailout: source
National Post (registration)
By Lefteris Papadimas and Sakari Suoninen ATHENS/AACHEN — Senior euro zone officials have agreed in principle on a new international bailout of Greece that will give it more time to try to resolve its debt crisis, a source close to the talks said on ...
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Daily Forex Summary on USD, Euro, GBP, JPY, AUD, CAD, Oil, Gold and Copper
International Business Times
German Chancellor Merkel told reporters this morning that Europe doesn't "have a euro problem, [it] have more of a debt problem. Financial markets doubt whether some EU state can manage theirdebt in the long-term," but Germany is committed to the euro ...
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US STOCKS-Wall St struggles for direction after Greek plan
Reuters
N) was subpoenaed by New York prosecutors seeking information on its role leading into the global financial crisis. Goldman's stock fell 1.4 percent to $134.26, while the KBW Banks index .BKX rose 0.4 percent after falling earlier. ...
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NAB shares dive 6% on dividend, Euro blues
Sydney Morning Herald
Europe's continuing debt crisis, Greece's credit rating downgrade by Moody's, NAB's exposure to the UK, and concerns about the global economic outlook did nothing to help the big banks' shares today. ''Anytime there's jitters with what's going to ...
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E. Coli: impacts for EU economy
The Voice of Russia
We know that there are worries with regard to the eurozone's banking crisis. There are discussions with the EU policymakers and the International Monetary Fund (IMF) at the moment looking for the ways to help Greece which has particular problems, ...
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The Voice of Russia
Why Europe Doesn't Have Leaders
Right Side News
"The crisis has arrived," Nixon writes, "and where are the statesmen prepared to spell out the hard choices to save monetary union?" In fact, it is obvious what must be done in his view. There can be no default and no debt restricting. Yet, Europe's ...
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European stocks weaker after Nokia profit warning
Sydney Morning Herald
But investor sentiment took an early hit on Wednesday after eurozone manufacturing registered its steepest fall in May since the height of the financial crisis in 2008, suggesting the recovery has lost momentum, according to data from research group ...
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Country ETFs To Play The European Recovery
ETF Trends
iShares MSCI Poland Investable Mkt Index (NYSEArca: EPOL) is up 7.2% for the past week. [Poland ETFs Benefit from Debt Crisis.] Germany is shining in solar energy's ring, and the ETF iShares MSCI Germany (NYSEArca: EWG) is up 5.6% the past week.
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Sterling plummets due to drop in UK manufacturing data
Harpers Wine & Spirit Trade Review
In the euro zone, in contrast to sterling, the euro showed little reaction to lower than expected euro zone manufacturing PMI data which showed growth slowing. Despite the region embroiled in a second round of panic over the debt crisis, investors are ...
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War of the rosés: Sneer no more as pink wine sales gain
Globe and Mail
The chief of the European Central Bank says there's no "crisis of the euro," only "challenges" for the future of the monetary union. Jean-Claude Trichet was singing the praises of the euro zone in a speech in Aachen, Germany, today, stressing how the ...
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Euro Rebounds on Trichet's EU Hopes
Action Forex
All of this is considered Euro positive because signs of collective action are needed to keep the extend and pretend game running on the sovereign debt/financial system stability issue in the short to medium term. But the EU has never been popular ...
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ECB Constancio: Open To Private Sector Contribution For Greece
IMarketnews.com
A similar approach, known as the "Vienna Initiative" was applied to Eastern European debt during the height of the financial crisis in 2008 and 2009. However, it is unclear how private financial institutions will be induced to make such commitments ...
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Barchart Morning Call
Inside Futures
Japanese automakers led declines in Japanese stocks as Toyota's May US monthly sales fell -33% y/y, Honda's US sales fell -23% y/y and Nissan's May US sales slipped -9.1% y/y, as the quakecrisis limited production and supplies of some models ran low. ...
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Euro Hits Multi-Week High Following Spanish Auction
Briefing.com
Mr. Kan did say he would step down once the nuclear crisis has been averted. But the news today is a positive as ratings agencies have been paying close attention to political debates. The fear being that uncertainty at the top would lead to a delay in ...
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Hungary Yields Highest in Two Months Versus Poland Before Debt Auction
Bloomberg
Hungary's local-currency bonds, the world's best performing debt this year, have slumped in the past month on concern Europe's credit crisis will spread and Prime Minister Viktor Orban may fall behind on plans to reduce the biggest debt burden among ...
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Brendan Keenan: Let's be careful what we wish for in this intractablecrisis
Irish Independent
Instead, the demands being made on Greece to prevent it becoming a serial defaulter relying on EU funding could just as easily provoke a terminal political crisis in Greece and a unilateral default, triggering the catastrophe that Mr Trichet, ...
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Irish Independent
After the Dollar: What Comes Next?
Gold Seek
This is the fundamental flaw of the euro. And, of course, Greece isn't the only problem. Ireland and Portugal are vying for second-worst debt crisis in Europe. Spain, representing over 12% ofeurozone GDP, saw sovereign yields jump from 4.1% at the ...
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Erdogan's last hurrah (possibly)
The Economist
... crisis in the 1990s that culminated in a huge bust in 2001. Turkey looks especially good next to the battered Mediterranean countries that are in the euro zone. It has stronger growth, healthier banks and a lower budget deficit and public debt. ...
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The Economist
Are We Prepared for a Multipolar World Economy?
Project Syndicate
The euro represents the dollar's strongest competitor, so long as the eurozone successfully addresses its current sovereign-debt crisis through bailouts and longer-term institutional reforms that safeguard the gains from a long-running single-market ...
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EURO Best of a Bad Lot
OANDA Forex (blog)
Gold prices rallied to a four-week high yesterday, supported by the ongoing debt crisis in the euro-zone boosting demand for the metal as an alternative asset. The weaker dollar sentiment is also creating a positive metal scenario. ...
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A soured relationship?
Businessandleadership.com
The real crisis is that in this case, as in so many other things to do with theeuro, no one is the final arbiter. The EU Commission might be a possibility, but it is increasingly sidelined with nothing coherent in its place. ...
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Businessandleadership.com
ANZ Morning Brief - Thursday 2 June 2011
guide2.co.nz
This disappointing data run took the spotlight off the Greek debt crisis, with reports the IMF and EUwill be concluding their Greek inspection visit by the end of this week. EU officials are still in the process of determining whether the Greek ...
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Alarms bells ringing over the state of the global economy
FX-MM
Slowing growth and rising inflation have been the theme of the year even if the headlines have been mostly filled with the eurozone debt crisis. We are perilously close to a period of stagflation. As a result of all this the FTSE is adding to its ...
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US growth worries dominate in markets as investors gear up for payrolls data
Washington Post
However, with Europe's debt crisis flaring up time and time again — not just in Greece, but in Ireland and Portugal, too — a number of analysts think the currency will soon start to falter. “Theeuro's advance remains on a shaky footing however and ...
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France's economy turns corner, but only to smash into wall of debt
QFINANCE.com (blog)
Government debt stood at 81.7% of French GDP last year, up 17.9 percentage points from the pre-crisis year of 2007. Dagong expects this to climb as a proportion of GDP due to rigid expenditures, including on generous state pensions and debt-interest ...
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Economic cooperation between Russia and Italy
The Voice of Russia
Italy is participating in important potential projects, important, first of all, for Europe, concerning natural gas supply. And can you say that Russia and Italy managed to enter the pre-crisis level of turnover? I can say that it is managed to get the ...
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The Voice of Russia
USAGOLD News and Views » Blog Archive » Is Ireland the same as Greece?
By News
PG View: The author of this op-ed is spot on when she says that debt loads in the EU periphery are “going to choke growth for years to come.” As has been the history of the eurozone debt crisis, once the 'can' that is Greece gets ...
USAGOLD News and Views - http://www.usagold.com/cpmforum/
Why we need a European Revolution | Reflections on a Revolution ROAR
By Jérôme E. Roos
As Žižek pointed out in an excellent article on the Greek debt crisis: One often hears that the true message of the Eurozone crisis is that not only the Euro, but the project of the united Europe itself is dead. ...
ROAR - http://roarmag.org/
NewsDaily: Greece, EU/IMF agree 6.4 billion euro measures: source
ATHENS, May 22, 2011 (Reuters) — Greece must avoid debt restructuring and push on with budget cuts and privatisations to overcome its debt crisis, the country's Prime Minister George Papandreou and senior ECB officials said on Saturday. ... ATHENS, May 7, 2011 (Reuters) — Greek Prime Minister George Papandreou on Saturday denied there was even unofficial discussion over Greece quitting the euro zone and asked that his troubled country be "left alone to finish its task." ...
NewsDaily: Top Headlines - http://newsdaily.com/?q=Save+Us+From+Berlusconi
Should the euro zone be dissolved? - The Curious Capitalist - TIME.com
By Michael Schuman
From Ireland to Spain, politicians associated with euro zone debt crisis policies are one by one being sent into retirement by dissatisfied voters. And what would the consequences be if Europedecided to do away with the euro? ...
The Curious Capitalist - http://curiouscapitalist.blogs.time.com/
Irish Left Review · Saviour of Last Resort: The Modest Proposal as ...
By Yanis Varoufakis
In other words, we assume that a part of Greece's debt is transferred onto the ECB's books (which issues 20 year eurobonds to cover it) and that Greece repays that debt over the same span of time at no more than 3.3% (which is, ... This is where the Modest Proposal comes in: For it allowsEurope to forge enough common ground to stop the crisis on its tracks without requiring of our fragmented political system to generate a federal push that it is incapable of. ...
Irish Left Review - http://www.irishleftreview.org/
Robert Zevin: The Consequences of the Slow-Moving European Debt ...
By Robert Zevin
Academic economists, newspaper columnists and these commentaries have pointed out that a prompt restructuring would be the least painful alternative. However, banks throughout Europe, which own substantial amounts of sovereign debt from ... certainly in the next few years, we will see some combination of debt defaults or restructurings in Greece and probably Ireland and Portugal; a widespread banking crisis in much of Europe; and a gradual dissolution of the Euro zone, ...
iTREVINO - http://www.itrevino.com/
Greek PM to hold debt crisis talks with Eurogroup chief ...
Greek Prime Minister George Papandreou will hold talks on his country's debt crisis with the head ofeurozone finance ministers in Luxembourg on Friday.
www.eubusiness.com/news-eu/eurozone-finance.abg
World stocks, euro slip on euro zone debt crisis: Fidelity - News
News & Insights; >; Top News; >. Page published by Fidelity Interactive Content ... The euro zone's debt problems drove oil prices down more than 2 percent on Monday. ... Europe's policy options to avert a Greek debt default appear to be ... and could breach it in the near-term given the unresolved debt crisis. ...
https://news.fidelity.com/news/news.jhtml?cat=Top...
Eurozone debt crisis concerns SA: Fin24: Economy
SA is on track to attain 3.4% growth, but the eurozone debt crisis is ... Budget 2011 · Mini Budget 2010 · Investment Series · Top-200 · Collective Insight · Barometer · Featured in Finweek ... to update the news – even though our market data is running as per normal. ... EU to draft second Greek bailout: sources ...
www.mwebfinance.com/.../Eurozone-debt-crisis-concerns-SA-...
Gold firms to 2-week high as euro debt worries linger | Reuters
Euro-denominated gold hit a record at 1081.43 euros an ounce. ... defensive on Tuesday on worries that the euro zone's debt crisis could spread to heavyweights like ... Italy quarrels with EU partners over Libyan migrants ... AlertNet provides news, images and insight from the world's disasters and conflicts and is ...
af.reuters.com/article/idAFJOE74N03A20110524
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