Minyanville.com
This solution, as fraught and politically unlikely as it may seem at the moment, is precisely the kind of choreographed, softly-softly debt restructuring that most observers see as the eurozone's only clear path out of the crisis. ...
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Obama Says European Debt Crisis Must Not Endanger Recovery
BusinessWeek
The aim of helping euro-area countries overcome the debt crisis is to make Europe more competitive in the longer run, she said. Obama said Greece will need private investment and “structural reforms” to make it more competitive and greater transparency ...
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EU holds 10th anniversary party for euro currency
Reuters
Of course, celebrating 10 years of the euro is hardly likely to be a popular idea among citizens in countries such as Greece, Ireland and Portugal, many of whom feel their membership in the euro zone has brought economic hardship and the debt crisis ...
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EU: Need Further Steps To Ensure Euro-Zone Fiscal Sustainability
Wall Street Journal
Under the EU's new governance rules, member states must submit public finance and economic reform plans to the commission for review by May. The aim is to prevent a repeat of the current debt crisis by handing the commission greater oversight of ...
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Gold futures likely to climb on weak dollar, euro zone debt concerns
Daniels Trading
A sputtering US economy, a hobbling dollar and concerns about the euro zone debt crisis are likely to drive gold futures higher for a third straight day on Tuesday, Bloomberg reports. European finance ministers are scheduled to meet June 20, ...
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Eurozone retail sales rise three times more than economists had anticipated
The Canadian Press
BRUSSELS — Retail sales in the 17 euro countries rose by more than anticipated in April despite concerns about the debt crisis and the European Central Bank's first interest rate rise in nearly three years. Eurostat, the EU's statistics office, ...
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Saving the Euro or the Next Election in Germany Is Merkel's Dilemma: View
Bloomberg
By the Editors - Tue Jun 07 18:50:55 GMT 2011 German Chancellor Angela Merkel faces a big choice in deciding how to handle the European debt crisis: Do what is politically expedient, or do what is best for her country, the European Union and the global ...
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European shares extend losing streak to five days
Reuters
By Brian Gorman LONDON, June 7 (Reuters) - European shares fell for the fifth straight day on Tuesday, with investors worried by slowing economic growth and the euro zone peripheral debt crisis. The FTSEurofirst 300 .FTEU3 index of top European shares ...
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Against the tide: Debt crisis – Is Portugal the last domino?
Euromoney Magazine
by David Roche Portugal's debt crisis is as severe as Greece's but can be resolved, painfully. The big upcoming sovereign debt risk is not from the eurozone but from the US and Japan. All comments are subject to editorial review as we are subject to ...
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Slovakia: private involvement needed in Greek aid deal
Reuters
... billion euro ($161 billion) rescue of Greece last year, accusing its richer euro zone peer of profligacy. But the euro area's second poorest state did sign up for the EFSF -- established to bail out subsequent victims of the region's debt crisis ...
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EU Barroso: Croatia Set For "Good News" On EU Accession Friday
Wall Street Journal
While Greece needs to conclude work on reforms, EU member nations also have to try and avoid any state of contagion, Rehn said, adding that a lasting solution to the euro zone's sovereign debt woes should be found later this month. "This is a crisis ...
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Polish Central Bank Head: 'Euro for the Brave'
Wall Street Journal (blog)
... to enter the euro zone, the country's finance ministry said earlier this month. Polish officials recently have sounded cautious about the prospect of the country adopting the euro amid the sovereign-debt crisis of some of the bloc's members. ...
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European Stocks Inch Higher, Led By Infineon And E.On
RTT News
(RTTNews) - European stocks edged slightly higher on Friday after a string of downbeat performances, as encouraging euro zone retail sales lifted spirits. Easing concerns about the Greekdebt crisis also helped buyers dip their toes into equities. ...
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EU's Rehn Pursuing "Vienna-Style" Plan For Greek Aid
Wall Street Journal
Rehn was referring to the "Vienna Initiative," a deal between Western European banks and EUauthorities reached in 2009 in which the banks agreed to maintain their exposure to Eastern European countries hit hard by the financial crisis. Euro-zone ...
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The European Debt Crisis, A Reality Check
IBTimes Hong Kong
(eToro Blog) Despite considerable efforts by the European Union, the European Central Bank and the International Monetary Fund, the European debt crisis remains intractable. On Friday, Greece prepared to impose additional austerity measures, ...
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INTERVIEW:EBRD's Mirow Says Debt Woes "Darkening" Euro-Zone Recovery
Wall Street Journal
The ECB, whose approval is key, has to ensure that additional aid doesn't further harm investors' trust in the euro-zone's ability to cope with the crisis and lead to new contagion risks. "For the ECB, the main aspect in this discussion is the overall ...
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Mrs. Lagarde's Poisoned Chalice
The American
After all, the IMF is now at the very center of the European sovereign debt crisis, at the very time when the euro confronts its most serious challenge since its 1999 launch. And the IMF has never before had quite so much influence or money as it now ...
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Greek-Debt Worries Give Short End a Lift
Wall Street Journal
But when French and European Union officials started speaking about Greece's debt crisis, investors started to opt for the safety of US government debt. Conflicting stances among European leaders on how to rescue Greece from its debt stoked demand for ...
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European Union at the Crossroads: What's Next?
Elliott Wave
He recently spoke with German financial website Wirtschaftsfacts.de about his outlook for Europe's ongoing sovereign debt crisis and the future of the European Union. wirtschaftsfacts.de: Hello Brian. Europe's sovereign debt crisis is in the ...
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Elliott Wave
Moody's: Greek rollover would likely be credit event
Reuters
"The euro zone governments and the European Central Bank have the resources and the incentives to contain (this), especially short-term financial pressures," he said. While the market was hoping for a bold resolution of the Greek crisis, ...
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South Korea warns euro zone troubles could hit here
Reuters
SEOUL, Jun (Reuters) - South Korea on Tuesday called for careful watch over the euro zone's debtproblems, saying Asia's fourth largest economy could face foreign-currency liquidity shortage if the financial instability continued for a long time. ...
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Greece Bailout Doubts Fuel EUR/USD Slump
Forexyard
The US dollar rebounded strongly versus the euro and pound yesterday as traders began to bail out of the region from fear that euro zone policymakers would fail to meet the Greek debt crisis rapidly enough. The result has been for the EUR/USD to move ...
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German bonds dip on stocks, backdrop supportive
Business Recorder
Hints from the ECB that they would support a debt rollover suggested "a near-term solution at least in the funding crisis may be close to hand," he added. EU officials are struggling to find a solution for Athens' financing needs for coming years which ...
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EU Morning Report: Australian dollar plummets following RBA policy meeting
Easy-Forex
The euro edged lower yesterday after European officials said that further financial aid for Greece is not certain and that Greece's debt crisis is far from over. Eurogroup Chairman Jean-Claude Juncker said that the euro is overvalued further putting ...
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Lax oversight of countries' economic policies led to EU crisis: Trichet
Globe and Mail
The economic crisis in Europe is not a crisis of the euro currency or of the monetary union, says the president of the European Central Bank. “The current crisis stems rather from insufficient monitoring of economic policies in a number of member ...
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Globe and Mail
Will Germany Find Itself Friendless in Europe?
Wall Street Journal (blog)
That postwar Franco-German link was the core behind creating the European Union and the common euro currency. Since German reunification and the recent European debt crisis, the Franco-German power scale has shifted to well East of the Rhine, ...
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Brazil Stocks Close Lower On Profit-Taking, Global Uncertainty
Wall Street Journal
By Jeff Fick RIO DE JANEIRO (Dow Jones)--Brazilian blue-chip shares closed lower Monday as investors locked in profits from recent gains amid uncertainties about Europe's debt troubles, sluggish growth in the US and a burgeoning political crisis at ...
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Foreign Exchange Update : GBP EUR Rate Falls Further as EurozonePPI Figure ...
Currency News
... Steffen Seibert, who revealed that German Chancellor Angela Merkel told US President Barack Obama that the Eurozone would 'master' its current sovereign debt crisis, when the pair met recently. However, on a less Euro-positive note, Seibert went on ...
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Currency News
Low rates are needed to nurture the fragile recovery in the UK – Nick Nasad
NASDAQ
Despite the intensification of the debt crisis in Europe "we have a better chance of the ECB hiking in July and then slowing its pace of rate increases than pushing back the next interest rate hike," believes Nick Nasad, Chief Market Analyst at FXTimes ...
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Bank Of Portugal Asks Banks Not to Slash Lending
Wall Street Journal
Portugal's banking sector has been hit hard by the euro-zone sovereign-debt crisis that put the country under a €78 billion international bailout. Of the €78 billion, €12 billion was set aside in case the banking sector needs help raising their core ...
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Obama vows US help in euro debt crisis
Oman Daily Observer
German Chancellor Angela Merkel, meeting with Obama on an official visit, said the euro zoneshared a common interest in ensuring that the currency bloc was not endangered. The two leaders said they discussed the debt crisis extensively. ...
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Business Bullet: Ben Bernanke and retail sales to the Euro and Jellybook
Telegraph.co.uk
... Federal Reserve chairman Ben Bernanke in Atlanta; the British Retail Consortium reports a fall in May sales; Germany's Chancellor Angela Merkel and President Barack Obama discuss the Euro zone debt crisis and Jellyworks founder returns with Jellybook.
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Is the European Central Bank solvent enough to cope with the eurozone crisis?
MindfulMoney
This was followed by the Securities Markets Programme where the ECB purchased some 76.5 billionEuros worth of debt from Greece, Ireland and Portugal in a failed attempt to support these bond markets. Richards explains: "In addition the ECB indulged in ...
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Dollar Sputters Ahead Of Bernanke Speech
RTT News
US problems have begun to overshadow Europe's lingering sovereign debt crisis. European officials insisted today that it would be "appropriate" for Greece to delay bond payments, and that a proper restructuring is not necessary. ...
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RTT News
Obama nudges German Chancellor Merkel on Libya. Transcript
Chicago Sun-Times (blog)
Greece's debt is significant, and it is taking some difficult steps to improve its situation. But they're under the gun from the international capital markets, and as part -- as a member of the euro zone, they necessarily are going to be looking to ...
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Bad News for Investment Banks; Good News for the Rest of Us
Seeking Alpha
But that aggressive course of action — which would probably trigger the euro zone's first-ever debtdefault — faces opposition from the European Central Bank, which would have to be a key player in the plan, and it will face tough battles at a series ...
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China FX regulator personal view on USD weighs on greenback sentiment
FXstreet.com
Citing British think tank Open Europe, in a report entitled 'A House Built on Sand', the central bank has a total exposure of approximately €444 billion to the troubled Euro zone countries, and levered 23 to 24 times due to the bailout provided for ...
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Wall Street shares down for a fourth straight day
The Australian
Euro-zone officials rekindled concerns about Greece's debt crisis, triggering a late-session flight to safety that resembled the majority of last week's market action. The news made this session the fourth in a row in which the benchmark 10-year yield ...
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Morning Gold Market Report
NASDAQ
There was some evidence of ongoing investor demand for gold in Europe overnight, as some money was seen flowing toward gold derivative instruments as a result of ongoing concerns toward the Euro zone debt crisis. The question going forward is whether ...
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EUROPEAN OPENING NEWS INCLUDING: isher expects economic growth to accelerate ...
Proactive Investors UK
EU's Rehn says deal for Greece expected in time for June 20, says June critical month in overcomingdebt crisis. Rehn said that Greece is facing a default unless helped by international partners. (RTRS/Sources) EU's Rehn expects cross party support for ...
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Beware the Crowd at Extremes - Fullermoney
Proactive Investors UK
It is posted in the Subscriber's Area but here is the opening: As the euro crisis staggers on GreekEU commissioner Maria Damanaki has raised the prospect of her country being forced out of theeuro zone if it does not quickly assert control over its ...
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NewsDaily: Obama says Europe's debt crisis must be contained
In their talks at the White House, the two leaders were in agreement that the euro zone strains "cannot be allowed to put the global economic recovery at risk," Obama told a joint news conference. Obama has previously cited the euro ... FRANKFURT/ATHENS, May 13, 2011 (Reuters) — Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis may yet spread to core euro zonecountries and emerging Eastern Europe, the International Monetary Fund said on Thursday. ...
NewsDaily: Top Headlines
Read This Post - Minyanville
By Matthew Mallon
This solution, as fraught and politically unlikely as it may seem at the moment, is precisely the kind of choreographed, softly-softly debt restructuring that most observers see as the eurozone's only clear path out of the crisis. ...
Minyanville | Stock Market |...
ECB's Trichet opposes Greek debt restructuring - Best Growth Stock ...
By apons80
In his speech, Trichet said efforts to bolster surveillance of euro zone economies do not go far enough to prevent future fiscal crises. The European debt crisis is “not a crisis of the euro” currency but arose due to poor ... EU Commission says Greek debt restructuring not an option * It says this is for political reasons (Adds more quotes, background) BRUSSELS, April 28 (BestGrowthStock) - Restructuring Greece's debt or that of any other euro zone country is not. ...
Stock Market News
ECB at risk with €444bn exposure to eurozone crisis | www.bullfax.com
By marketmaker
The European Central Bank holds one of its most important meetings ever on Thursday as governors try to prevent the Greek debt crisis from overwhelming other eurozone countries."The main issue is not Greece per se but the ... Eurozone leaders have approved an unprecedented 110 billion europackage of emergency loans for Greece, but not before the eurozone's monetary stability was threatened by one country's economic fragility. FRANCE24 takes a closer look at the crisis. ...
Bullfax.com - Market News & Analysis
EU Morning Report- Euro plummets as the euro zone debt crisis ...
EU Morning Report- Euro plummets as the euro zone debt crisis deepens. Latest News in Forex. The Risk Today EUR/USD, GBP/USD, USD/JPY USD. ...
africa.ibtimes.com/.../eu-morning-report-euro-plummets-as-th...
Obama pledges cooperation in euro debt crisis - Yahoo! News
"We've seen that the stability of the euro as a whole will also be influenced if one country ....Europe's debt crisis must be contained! What about ours? ...
news.yahoo.com/s/nm/20110607/bs_nm/us_eurozone_usa
World stocks, euro slip on euro zone debt crisis - Yahoo! Finance
Europe's policy options to avert a Greek debt default appear to be dwindling fast ... percent with European shares (^FTEU3 - News) falling 0.3 percent as investors fretted ... Amid debt crisis and slowdown, euro may still rise - Reuters ...
finance.yahoo.com/.../World-stocks-euro-slip-on-rb-6714927...
Obama and Merkel talk Libya, euro debt crisis | euronews, world news
Obama and Merkel talk Libya, euro debt crisis. 07/06 19:03 CET ... US President Barack Obama on Tuesday amid differences over Libya and the eurozone crisis. ...
www.euronews.net/.../obama-and-merkel-talk-libya-euro-debt...
Euro Forecast Bullish but Greek Debt Crisis Remains Major Risk
Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts ... EuroForecast Bullish but Greek Debt Crisis Remains Major Risk ... EU's Juncker warns IMF may not be willing to release aid for Greece Forex market ... continued fears over Greek fiscal solvency and threats to the euro zone. ...
news.tradingcharts.com/futures/8/3/159421338.html
ECB to signal rate increase despite Greek troubles
Forbes
The debt crisis and worries of a global slowdown may ultimately restrain how ... Howard Archer of IHS ( IHS - news - people ) Global Insight sees the base ...
European Central Bank to commit to fight against inflation as Fed ...
The Republic
Still, the countries hit by the debt crisis are only a small fraction of the eurozone economy, a bloc of 17 countries with 331 million people that is ...
KRCL: Obama says Europe's debt crisis must be contained (2011-06-07)
Top Stories · RadioActive · Insight with Kelly Ashkettle · Arts & Culture ... Obama says Europe's debt crisis must be contained. (2011-06-07) ... be allowed to put the global economic recovery at risk," Obama told a joint news conference . Obama has previously cited the euro zone crisis as one in a handful of ...
www.publicbroadcasting.net/.../Obama.says.Europe's.debt.crisi...
Obama says Europe's debt crisis must be contained - International ...
Obama says Europe's debt crisis must be contained. Latest News in World ... Obama has previously cited the euro zone crisis as one in a handful of foreign " headwinds" .... FX Insights; Auto Journal. Entertainment Daily; Equities Center ...
in.ibtimes.com/.../obama-europe-s-debt-crisis-german-chancell...
RealClearMarkets - Print Version
... amounts of cash to help weaker lenders hit by the euro zone debt crisis. ... to be published during Thursday's post-policy meeting news conference, ... signal an interest rate hike," IHS GlobalInsight economist Howard Archer said. ...
www.realclearmarkets.com/printpage/?url...to...
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