Reuters
June 14 - Informal Ecofin meeting of EU finance ministers in Brussels to agree on the final shape of tougher budget rules for the euro zone and the European Union as a whole. -- June 20 - Eurogroup meeting of euro zone finance ministers and Ecofin ...
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Hungary Minister: Euro-Zone Crisis Shows Need For Coordination
Wall Street Journal
By Alex Brittain Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The sovereign-debt crisis in the euro zone has shown that countries need to coordinate further, but they shouldn't abandon their autonomy to set taxes, Hungary's minister of state for ...
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Greek debt costs rise again as Trichet rebuffs German plan to resolvecrisis
The Guardian
Trichet added to the gloom when he also signalled a rise in euro base rates next month that will push up the cost of borrowing for Greece and other debt-ladeneurozone countries. A quarter-point rise to 1.5% in July was deemed a certainty after Trichet ...
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The Guardian
EURO GOVT-Peripheral debt under pressure, overshadows ECB
Reuters
... debt crisis with private investors participating on a voluntary basis, piling more pressure on the Greek market, which is already reeling from data pointing to a worse than previously thought recession in the heavily indebted euro zone state. ...
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Restructurings may offer a solution to Eurozone debt woes, says John Redwood
Risk.net
The Eurozone would be wise to consider restructurings as a solution to the sovereigndebt crisis afflicting its troubled peripheral member states, according to John Redwood, a UK Conservative MP and economic commentator for Evercore Pan-Asset,...
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Risk.net
Europe Can't Allow Greek Default: Raiffeisen CEO
CNBC.com
The volatility caused by the debt crisis in the weakest euro zone members – Greece, Portugal, Ireland and Spain – is a big problem, as is the weak growth in the US, Stepic said in an interview on the sidelines of the World Economic Forum on Europe and ...
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Europe up on Wall Street; Trichet in focus
MarketWatch
Famed investor Jim Rogers weighs in on what it will take to solve the US debt crisis. European stock markets got a boost after US data showed exports hitting a new, though other data showed an unexpected uptick in new jobless claims. ...
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WORLD FOREX: Dollar Gains From Global Growth Worries, Euro Debt
Wall Street Journal
The euro also was hurt when nervousness about the euro-zone debt crisis was not soothed by a still-unsettled draft plan of the so-called "troika"--the European Union, European Central Bank and the International Monetary Fund--that aims to cobble ...
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ECB Mersch: Euro Zone Econ May Slow, Restructuring Talks Damage Euro
NASDAQ
LUXEMBOURG (Dow Jones)-After a good start to the year, the euro-zone economy may be facing headwinds, European Central Bank board member Yves Mersch said Thursday, as he warned that talk of debt restructuring may affect the single currency. ...
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Gary O'Callaghan: Gold profits in EU central banks should be used to alleviate ...
Irish Independent
By Gary O'Callaghan As we stare down the barrel of a Greek default, the time has come for Europe'scentral banks to become more creative and constructive in their approach to the euro crisis. An intriguing item on the consolidated balance sheet of ...
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The economy: For ever espresso
The Economist
From 1992 until the crisis hit, the government had run a primary budget surplus (before taking debt servicing into account), and Italy's public finances deteriorated less than those of most other euro-zone countries, thanks to big reductions in the ...
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The Economist
Sovereigns of fortune (a debtor's prison break)
FT Alphaville (blog)
Even if it may just be coincidence, it's also very timely now that the eurozone periphery is going well off markets, for a long, long time. The three countries who really started the sovereign debt crisiscoming back to issue bonds in force, ...
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Europe Factors-Shares set to fall for 7th straight day
Reuters
The ECB is expected to signal a July rate rise while continuing to provide banks with unlimited amounts of cash to help weaker lenders hit by the euro zone debt crisis. [ID:nLDE7550KT] Nokia's chief technology officer has taken a leave of absence and ...
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GREECE - Factors to Watch on June 9
Reuters UK
The euro zone edged closer on Wednesday to a compromise on a second Greek bailout package under which private creditors would be asked to swap their sovereign debt holdings for bonds with longer maturities. [ID:nLDE75809P] The Greek government warned ...
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Bail-out 2.0
The Economist
The rescuers think buying time reduces the risk of contagion from a Greek debt restructuring to othereuro-zone countries. But the pall of an unsolved Greek mess will continue to hang over the euro zone, just as it has done for the past year. ...
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Goldman's Debt Origination Contends with EU Crisis, Supported by US Corporates
Trefis (subscription)
The global debt origination volume in 2010 was estimated around $5.5 trillion and Goldman Sachs served approximately 4.5% of this market to generate $1.6 Billion in revenues. The sovereign debt crisis in the Euro zone and the lingering uncertainty over ...
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Spooky Possibilities for Europe
The Moral Liberal
It could be the dissolution of the European Union. Since the beginning of the debt crisis, Germany is hinting that the Greek will be better off if they get out of theEurozone. Bailouts did not help their economy and did not stop the civil unrest in ...
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The Moral Liberal
Thursday's ETF To Watch: iShares MSCI United Kingdom Index Fund (EWU)
ETF Database
Should the BOE be able to soothe investor fears over a growing British debt crisis, EWU could surge in Thursday trading. If, however, rate hikes look to be put off indefinately and investors continue to worry over inflation, look for EWU to continue ...
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ETF Database
Spanish blame game hides dual culpability
Financial Times
It has become almost obligatory for incoming governments in Europe in these crisis-ridden times to decry the mismanagement of their predecessors and declare the public finances of the country, region or city concerned to be in a terrible mess. ...
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Dealing with failed failures
European Voice
In other words, the sovereign-debt crisis has starkly revealed that the spill-over effects of national economic policies on other member states can be so severe that these policies must comply with checklists devised and vetted at the Union level. ...
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Euro markets stumble on failed OPEC talks
Sydney Morning Herald
Another dealer said Germany's latest statement on the Greek debt crisis had also hit sentiment, "undercutting the consensus that appeared to be emerging." The euro initially got a boost as Bernanke's downbeat comments dented sentiment on the dollar but ...
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Spanish Youth Take to the Streets as Unemployment Soars
theTrumpet.com
These two ingredients of mass unemployment and dissatisfaction with the political system presenteurozone nations with the risk of political extremism. As austerity measures kick in and theeurozone debt crisis begins to really bite voters where it ...
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Strong commodities boost Britain's FTSE
Reuters
"We've got problems in Europe with the debt crisis, the difficulties Japan's still facing (post-earthquake), China is doing everything to slow things down and the foot's coming off the pedal as far as the Fed's concerned in terms of stimulus. ...
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EU officials turn screws on Greek opposition
Irish Independent
Mr Barroso admitted in Strasbourg on Tuesday that there were "risks" of contagion from the Greek crisis that could make it more difficult for Ireland to borrow. Mr Rehn said he hopes to have an agreement on the Greek bailout by the time finance ...
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Irish Independent
Take lead in debt crisis, US urges Merkel
Business Times (subscription)
(BERLIN) German Chancellor Angela Merkel is heading home with a message from President Barack Obama to take the lead in managing Europe's debt crisis. Red carpet welcome: Mr and Mrs Obama with Ms Merkel and her husband Joachim Sauer at the White House ...
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China adviser backs Lagarde for IMF chief
MarketWatch
Lagarde's clinching of the job "wouldn't necessarily" mean the appeals of the BRICS countries went unanswered, since the best person for the job is the person best able to help resolve the euro-zone debt crisis, Chen was cited as saying. ...
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Raiffeisen CEO plays down fallout from Greek woes
Reuters
The biggest risk in the region, he said, is that the debt woes of some euro zone countries hit sentiment elsewhere. The danger "is that people due to Greece, Ireland and Spain and others lose confidence in emerging markets and say we have had it, ...
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Euro zone economic recovery shows signs of slowdown
Arab News
"As such, hopes that continued strong economic growth in the euro zone will help to address the region's fiscal crisis are likely to fade fairly quickly," he added. Despite signs of a slowdown andEurope's ongoing debt crisis, the markets are still ...
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World Bank forecasts slowdown in global economic growth
World Socialist Web Site
Obama said his answer to the jobs crisis was to make American corporations “more competitive with the emerging economies” and to get “a handle on our debt and deficit”—in other words, force American workers to work harder for less and gut basic social ...
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The Banking Emperor Has No Clothes
New York Times (blog)
In a major speech earlier this week to the American Bankers Association's international monetary conference, Treasury Secretary Timothy F. Geithner laid out his view of what went wrong in the financial sector before 2008, how the crisis was handled ...
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New York Times (blog)
Uncertainty clouding value in SA's equities
BusinessLIVE
However, Dittberner said investors were nervous about what was going on in Europe, which was negatively affected by the euro-zone sovereign debt crisis. "This is sentiment driven. At times like this, investors tend to forget about fundamentals," he ...
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Brendan Keenan: Fiscal Council with real teeth is needed to drive policy change
Irish Independent
Debt targets are coming anyway, under the new Eurozone rules designed to prevent another fiscalcrisis. Both the commission and the new council will comment on whether Government is meeting the targets. Europe can impose sanctions. ...
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State of the union dated but insightful
The National
Nonetheless, the GCC states still involved appear committed so the overall thrust remains valid. Disappointingly, the essay on the European experience was written before the outbreak of the sovereign debt crisis in the euro zone.
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Organized labour under fire amid austerity, softer outlook
CTV.ca
And in Europe, which is struggling with a debt crisis, government jobs are a frequent target. Many public sector workers in Greece are off the job today to demonstrate against their government's plans to sell off state assets and slash the public ...
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Latam support grows for Carstens
Reuters India
Europeans have made the case a European would be better suited at the IMF helm as they grapple with uncertainty over a euro-zone debt crisis. Carstens is no newcomer to debt crises, which have swamped Latin America since the 1980s. ...
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NewsDaily: ECB's Trichet flags July rate rise, hardline on Greece
... by rejecting any form of debt restructure. Jean-Claude Trichet, President of the European Central Bank (ECB) answers reporter's questions during his monthly news conference at the ECB headquarter in Frankfurt, June 9, 2011. ... Fears that the euro zone debt crisis might spill over to the banking system and the fact that banks in bailed-out euro zone states remain shut out of credit markets, prompted it to offer unlimited liquidity to banks until at least October. ...
NewsDaily: Top Headlines
FACTBOX-Coming events in euro zone debt crisis - Soccer News ...
FACTBOX-Coming events in euro zone debt crisis. IRELAND: -------- -- Ireland has drawn down a third of the 67.5 billion euros in loans from the EU and the ...
soccernews.bigsoccer.com/article/00wTePP4ki6im?q...Union
FACTBOX-Coming events in euro zone debt crisis
June 9 (Reuters) - Following are upcoming events linked to the debt crisis in the euro zone: GREECE: ------- -- June 9 - Prime Minister George Papandreou ...
searchtopics.independent.ie/article/00wTePP4ki6im?q=Bank...
SRN News : Obama says Europe's debt crisis must be contained
Obama says Europe's debt crisis must be contained ... Obama has previously cited the euro zone crisis as one in a handful of foreign "headwinds" affecting ...
srnnews.townhall.com/.../obama_says_europes_debt_crisis_m...
Obama urges tough decisions on Greek debt crisis - Yahoo! Canada News
Obama and Merkel said they discussed the Greek debt crisis extensively during ... Obama pledged to cooperate with Europe and the IMF on solutions that also ... of Greek debt would create untold problems in the euro zone but hinted that ...
news.yahoo.ca/s/reuters/110607/us/politics_us_eurozone_usa
ForexNews.com Euro Zone » 11/130 » ForexNews.com
region's sovereign debt crisis. Lax oversight of economic policies led to EU crisis: Trichet ... they will signal an interest rate hike,” IHS Global Insight economist Howard Archer said. ... ForexNews.comNews, Charts, Research & Video ...
www.forexnews.com/category/global-markets/euro.../11/
Obama urges tough decisions on Greek debt crisis ... - Silobreaker
NEWS SEARCH ANALYSIS INSIGHT. 360° SearchNetworkHot SpotsTrends ... Obama, appearing at a joint news conference with German Chancellor Angela Merkel, ... . ..high debt level "means that other countries in the euro zone are going to ... in handling Europe's debt crisis, but that message may not sit well with Germans . ...
www.silobreaker.com/obama-urges-tough-decisions-on-greek-...
Trichet calls for eurozone finance ministry - CBS MoneyWatch.com
With the debt crisis testing the eurozone's integrity, Trichet suggested the .... A joint effort between the news powerhouse CBS and the business experts at BNET, MoneyWatch.com is the place to go for personal financial insight you can ...
moneywatch.bnet.com/investing/news/trichet.../6241524/
BREAKINGVIEWS-European rift widens in leadership vacuum - AlertNet
ALERTNET INSIGHT. Exclusive, in-depth reporting from our correspondents ... The euro zone debt crisis has revealed a major fault line between creditor and debtor ... What's new is that the engine driving European integration -- which ... and made more than 2000 ill in Germany, while spreading to other EU countries. ...
www.trust.org/.../breakingviews-european-rift-widens-in-leade...
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