Today: EUROZONE Debt Crisis News, Jun 11, 2011

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Jun 11, 2011

EUROZONE Debt Crisis News, Jun 11, 2011

France's Christine Lagarde leads IMF race
msnbc.com
The United States and Europe hold 48 percent of votes at the ... Lagarde, an adept negotiator with hands-on experience in the euro zone's debt crisis, ...

msnbc.com

Euro end game draws nearer Outside the Box - MarketWatch
Now into its second year, the euro-zone debt crisis is worsening and alarm bells are ringing. ...Read the latest news on Jean-Claude Trichet's vow to exercise strong vigilance on inflation ... There's not even any provision for it in the EU Treaty.” ... Breaking Insight. Howard Gold's No-Nonsense Investing ...
www.marketwatch.com/.../euro-end-game-draws-nearer-2011-...

Merkel: Europe Crisis Could Endanger German Recovery
Wall Street Journal
By BERND RADOWITZ BERLIN—The euro-zone debt crisis could endanger Germany's economic recovery "if we don't act in the right way," Chancellor Angela Merkel warned in a weekly podcast Saturday, saying the uncontrolled default of any country must be ...

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Euro ETFs Feel Weight of Debt Crisis
ETF Trends
The European Central Bank hints at a potential rate hike, but the euro currency, along with related exchange traded funds, remain depressed as the markets zero in onGreece and the debt crisis. The euro experienced its first weekly depreciation in four...
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ETF Trends

WORLD FOREX: Dollar Rises: Global Jitters Spark Safe-Haven Buying
Wall Street Journal
But with Europe racing against the clock to secure a permanent solution to Greece's sovereign debtwoes -- and inoculate other troubled euro zone economies against the risk of contagion -- the dollar is winning out, if only by default. ...
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Irish Minister Supports Germany's Debt Plan for Greece
Wall Street Journal
But he urged the European Central Bank to soften its "entrenched" views on the debt crisis across the countries sharing the euro single currency. "The stance of the ECB has been very entrenched and very, very difficult from the point of view from the ...
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A Finance Mminister For Europe?
Journal of Turkish Weekly
In fact, he comes close to the idea of a fiscal policy committee, which has been advocated for a long time and with increasing frequency since the onset of the sovereign-debt crisis. As befits a central banker, the proposal is couched in careful ...
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EMERGING MARKETS-Latam stocks fall to 2-1/2-week low
Reuters
The euro zone debt crisis has rattled markets for more than a year, and discussions about more help for fiscally troubled Greece have dragged on amid speculation the country could default. For more see [ID:nLDE7590Q6]. In addition, China's exports ...
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Carstens backs ECB positon on Greek bailout -paper
Reuters
He said in general terms a debt restructuring could make sense for a country under certain conditions, but it has to be part of a larger package. Lagarde is an adept negotiator with hands-on experience of the euro zone's debt crisis, which is seen as ...
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Stock, Commodity Selloff Boosts Bull Run In Treasurys
Wall Street Journal
"Continued signs of a soft patch in global economic activity coupled with ongoing concerns over theGreek debt crisis catalyzed a risk reduction trade in advance of the weekend," said Chris Ahrens, head of US interest rate strategy at UBS Securities ...
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Special Security Report: Illegal Immigration in Greece and Domestic Security
Balkanalysis.com
These individuals, chiefly working-age males, are entering a city with no available vacancies to offer, and a situation that will deteriorate even further due to the ongoing “Greek debt crisis.” According to reliable data from Athens municipal ...
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Global Markets Rattled By China, Europe
Investor's Business Daily
But those authorities strongly suggested a rate hike for next month. This is great news for staunch inflation fighters, but bad news for crisis nations such as Greece, Portugal, Italy, Ireland and Spain. Their massive debt burdens will be made worse as ...
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Stocks plunge amid worries over growth
Sydney Morning Herald
The pressure points for the Dow's slump included concern that China's high-powered export economy could be slowing and a growing sense that Europe will be unable to reach a consensus on how to end the Greek debt crisis that has troubled markets for...
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Sydney Morning Herald

Gold holds above $1540/oz as debt crisis simmers
Pakistan Daily Times
LONDON: Gold held above $1540 an ounce in Europe on Friday, shrugging off the dollar's recovery versus the euro, as concerns over a lack of consensus on how to tackle the euro zone debt crisisboosted the metal's haven appeal. ...
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Greece details new cutbacks
Boston Globe
The European Union and the International Monetary Fund promised Greece $157.8 billion in loans last year and are now discussing an additional bailout to save Greece from default and avert a financial crisis in the euro zone. ...
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Boston Globe

The roots of the Greek tragedy: bloated bureaucracy and tax evasion
Globe and Mail
But to trace the more fundamental problem, Michael Mitsopoulos, a Greek economist who is the co-author of the book Understanding the Greece Crisis, presents a few simple figures: Out of Greece's 4.3 million workers, about one million are in the public...
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Globe and Mail

Gary Dugan says big old economies 'structurally unsound'
Business Intelligence Middle East (press release)
China has a water crisis. With respect to China whilst most of the economists focus has been on how the authorities were going to slow the pace of inflation there has been less focus on the greater problem of a lack of water. China is facing the worst ...
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Forex - Signs of financial distress?
ForexTV.com
That some of the biggest banks in Europe, including Commerzbank AG, HSBC Holdings PLC and Société Général SA, were left holding the bag also demonstrates how easily sovereign risk can spread around the euro zone. Prior to the financial crisis, ...
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The Next Financial Crisis
Lew Rockwell
French and German banks made large amounts of reckless loans to peripheral Europe and have strongly resisted higher capital requirements, helping to create the current potential for contagion throughout the euro zone (and explaining why the Europeans ...
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Forex - FOREX: Dollar Stages Biggest Rally in Nearly Three Weeks as S&P 500 ...
ForexTV.com
Yet, we don't have that kind of crisis now. The exchange rate is less volatile. More likely, it will be the exceptionally proliferate stimulus that will eventually drive the currency to reversal. Trading activity picked up for gold through the final ...
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The Bernanke Pout
Daily Reckoning - Australian Edition
Instead of acknowledging sovereign debt as risky, 'lending to euro zone governments continues to have a zero-risk weight. This will only increase the bias in bank lending towards government debt and against lending to enterprises, especially small and ...
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Daily Reckoning - Australian Edition

Gold Flat On Week, Euro Debt "Showdown...Still Bullish For Gold"
The Market Oracle
Grant adds that the ECB is "factually insolvent" as a result both of buying bonds from weakerEurozone countries and accepting them as collateral against loans. "It looks like there's really no way out" of the Eurozone debt crisis, says Bruce Ikemizu, ...
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Eurozone may look toward IMF for debt crisis help | Marketplace ...
NEWS & ENTERTAINMENT PROGRAMS; American RadioWorks Award winning documentaries ...Eurozone may look toward IMF for debt crisis help ... because dollar becomes Euro very easily and quickly -- and lending them to the Eurozone countries. ...
marketplace.publicradio.org/.../pm-eurozone-expected-to-look...

Factbox: Coming events in euro zone debt crisis - Yahoo! News
Read 'Factbox: Coming events in euro zone debt crisis' on Yahoo! News. ... AFP Journal Internet Finance News (EU) via Yahoo! UK & Ireland Finance ...
uk.news.yahoo.com/factbox-coming-events-euro-zone-debt-cr...

Euro Zone - Weird News
Japan's Crisis Will Lower U.S. GDP, IMF Says ... Euro Zone Proposal For Strapped Countries: Buy Back Debt ... Recent turmoil in Europe has given rise to the idea that the euro itself might be reversible and that one or more countries ...
www.weirdnews.aol.com/tag/euro-zone

euro zone | thorassia.com
Posted in news | Tagged anticipation, Crises, Dana, debt, Economic, Euro, euro zone, European recovery, European Union, global crisis, ...
www.thorassia.com/tag/euro-zone

Obama presses Europe, pledges help for Greek Crisis | NTN24 NEWS
Obama, whose political prospects have suffered from persistently high unemployment and ballooning U.S. debt, has pinpointed the euro zone crisis as one ...
news.ntn24.com/.../obama-presses-europe-pledges-help-greek-...

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