Today: EUROZONE Debt Crisis News, Jun 12, 2011

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Jun 12, 2011

EUROZONE Debt Crisis News, Jun 12, 2011

Eurogroup President Juncker blames US debt on the crisis in the Eurozone.
Examiner.com
For Mr. Juncker to report in public that the debt level in the US is a disaster, and that it is primarily that debt and our monetary policy which has caused the European debt crisis, reveals just how intertwined the global economy is, and that leaders ...
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ECB tries to squash 'fruitless' EU plans for Greece
AFP
Even a mooted rollover of bonds by private creditors, which the ECB does not intend to do with the Greek debt it owns, would not necessarily resolve the Athens' debt crisis, the ECB executives said. International ratings agency Moody's, for one, ...
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AFP

Poland says it is committed to euro
Financial Times
“But it seems to me the European Union and the eurozone will emerge changed and probably strengthened from the crisis.” Poland does not yet meet all of the Maastricht criteria for joining the single currency. The government has pledged to undertake a ...
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'Plan A' - Is George Osborne on the right path?
Telegraph.co.uk
We're still hearing about the deficit and the Eurozone debt crisis seems to have no end in sight (admittedly the Chancellor cannot be blamed for that) and the contraction of credit is still a problem. Banks have been told to retain more and more ...
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Telegraph.co.uk

Greece pays a heavy price as eurozone strives to protect its reckless banks
The Guardian
As the venerable Leigh Skene of Lombard Street Research put it last week: "Writing assets down to fair value and then recapitalising banks should be the first priority in restoring economic growth after a banking crisis. Sadly, Europe went in the ...
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The Guardian

We must help euro states, says Merkel
Financial Times
“We cannot afford to have a further crisis of confidence. On top of that it is not only the banks which are affected ... A disorderly default could also affect life insurers and old age retirement payments,” he said.
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Exporters air growth worry
BusinessWorld Online
"It's not just the Japanese disaster we have to deal with, but we have to worry about the impacts of the problem ... regarding the euro zone debt crisis and the Middle East unrest," he told BusinessWorld on Saturday. A day earlier, the government ...
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Gold, The Real Reason for the Fall of Dominique Strauss-Kahn
The Market Oracle
Not only the USA is in financial and monetary meltdown and shackled by snowballing debt. In the European and Middle East-North African Arab region, monetary crisis is now in high gear. Not only DSK but finance ministers and central bank governors ...
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What European bosses really think of Ireland
Irish Independent
"We cannot and will not make separate assessments of measures taken by individual countries to overcome the financial crisis. But we can say this much -- we support any measures designed to bring the financial and debt crisis under control in the long ...
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Irish Independent

Trading Week Outlook: Jun. 13 - Jun. 17
FXstreet.com
As the deadline for new solutions to contain the debt crisis approaches, uncertainty and pessimism about the outcome of the Eurogroup finance ministers meeting on June 20, and the EU Summit on June 23-24, could weigh on the euro. 9. ...
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Oil scene: Widening gap between NYMEX and Brent to haunt markets
Arab News
The opposing OPEC members on the other hand remained wary of the global economic outlook, particularly in the wake of the euro zone debt crisis, Japan's nuclear emergency and the fading health of the global economy. Venezuela appeared concerned ...
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Obama looks for new ways to boost struggling job market
Alaska Dispatch
... and the possibility of slower growth in key global markets including China (trying to curb inflation), Japan (struggling after its major earthquake and tsunami), and Europe (wrestling with how to resolve a debt crisis in some euro zone nations). ...
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Crisis Update: Three interviews on the Euro Crisis, the Greek ...
By yanisv
In todays post you can: (A) listen to a half-hour long radio interview on the euro crisis (interviewed byDoug Henwood, for the Behind the News program – it begins on the 27th minute), (B) watch an interview I gave to a leading Dutch TV station (on their main .... The problem is that we have three crises going on at once. We have the banking sector crisis, we have the sovereign debt crisis and a crisis of severe under investment in the majority of the eurozone countries. ...
Yanis Varoufakis

Euro Zone Debt Crisis Still Roiling Markets -- Morgan Gold
According to the Kitco News Gold Survey, a majority of participants say Gold ... next week as concerns over Europe's sovereign debt crisis will encourage more ... "It looks like there's really no way out" of the Euro zone debt crisis, ...
morgangold.com/.../20110610-euro-zone-debt-crisis-still-roili...

Germany sticks to demand for Greek bond swap - World news - Europe ...
A deal would not help reduce Greece's massive 340 billion euro debt load, ... Nicolas Sarkozy will hold talks with Merkel on the euro zone crisis next ...
www.msnbc.msn.com/.../ecb-takes-hard-line-greece-rebuff-be...

FACTBOX-Coming events in euro zone debt crisis - TrustLaw
FACTBOX-Coming events in euro zone debt crisis ... June 14 - Informal Ecofin meeting of EUfinance ministers in Brussels to agree on the final shape of ...
m.trust.org/.../factbox-coming-events-in-euro-zone-debt-crisis

Obama presses Europe, pledges help for Greek crisis ... - SHMTV News
Obama presses Europe, pledges help for Greek crisis (Reuters) ... unemployment and ballooning U.S. debt, has pinpointed the euro zone crisis as one foreign ...
www.shmtvnews.com/obama-presses-europe-pledges-help-for...

Merkel: debt crisis mustn't endanger economy | WOPULAR
Read 'Merkel: debt crisis mustn't endanger economy' on Yahoo! News. ... anything that could endanger the global economic upswing as Europe battles the debt . ... BERLIN -(Dow Jones)- Theeuro-zone debt crisis could endanger Germany's ...
www.wopular.com/merkel-debt-crisis-mustnt-endanger-econo...

Obama pledges cooperation in euro debt crisis | Business Everyday ...
Obama pledges cooperation in euro debt crisis. WASHINGTON (Reuters) - President Barack Obama said on Tuesday the United States would cooperate with Europe ...
businesseveryday.com/.../obama-pledges-cooperation-in-euro-...

Obama pledges cooperation in euro debt crisis - Best Growth Stock ...
... meeting with Obama on an official visit, said the euro zone shared a common ... Obama pledges U.S. cooperation in euro debt crisis; By Jeff Mason and Andreas ... the United States would cooperate with Europe as it deals with Greece's debt woes .... Business and financial news provided by Best Growth Stock LLC. ...
www.bestgrowthstock.com/.../obama-pledges-cooperation-in-e...
Merkel urged to take lead in Europe Debt Crisis.
The US President Barack Obama has stressed that the European debt crisis ... Appearing at a jointnews conference with German Chancellor Angela ... Obama said that Greece's high debt level “means that other countries in the euro zone ...
www.whichwaytopayusa.com/admin/.../anmviewer.asp?a...z...


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