Today: EUROZONE Debt Crisis News, Jun 17, 2011 (2)

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Jun 17, 2011

EUROZONE Debt Crisis News, Jun 17, 2011 (2)

China says EU debt crisis 'important' to Beijing
AFP
The comments from senior Chinese officials came ahead of a trip next week to Europeby Chinese Premier Wen Jiabao and as the eurozone debt crisis has returned to the spotlight, with Greece on the edge of defaulting on its loans. ...
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Quick Guide to the Greek crisis
Reuters
June 17 (Reuters) - A debt crisis in Europe's 17-nation single currency zone has entered a new and critical phase, with fears that Greece could default and spark a global financial disaster like that which followed the collapse of US investment bank ...
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IMF cuts U.S. growth forecast, warns of crisis
Reuters
The IMF, in its regular assessment of global economic prospects, said bigger threats to growth had emerged since its previous report in April, citing the euro zone debt crisis and signs of overheating in emerging market economies. ...
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Germany, France strike deal on Greek bailout

Washington Post
... senior economist with IHS Global Insight in London. “And will they then start downgrading Portugal and Ireland, thinking the EU may use the same option there?” Germany has dragged its feet repeatedly during the crisis in the euro zone, ...
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TheFXSpot: Greek Uncertainty, Weak Philly Fed Weigh On Risk
IMarketnews.com
The latest trip comes a few months after Wen visited France, Portugal and Spain and offered to help with the debt crisis, the report said. Amidst rising Greek debt uncertainty, there was talk that "the white knight is coming. ...
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Source of Greek crisis A nation in denial
Moneycontrol.com
French and German banks have the most exposure to Greek debt. If Greece went under, market pressure would increase on other indebted euro zone countries such as Ireland, Portugal and maybe Spain. A confusing internal political battle seems to have ...
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Crisis in the eurozone: Where next for the euro? - Silobreaker
Crisis in the eurozone: Where next for the euro? ... NEWS SEARCH ANALYSIS INSIGHT. 360° SearchNetworkHot SpotsTrends .... China says "vitally important" that Europe fixes debt crisis. /p>A bank employee spreads out euro notes at a bank ... [Published May 23 2011 by Business Wire Professional Services News] ...
www.silobreaker.com/crisis-in-the-eurozone-where-next-for-t...
Conklin Says Greece 'Not Sustainable' Within Euro Zone: Video ...
Jim Conklin, head of investment research at FX Concepts LLC, talks about the European debt crisisand the impact on the euro.
www.bloomberg.com/.../conklin-says-greece-not-sustainable-...
Greece wracked by political turmoil in debt crisis ‹ Japan Today ...
Stay in touch with the latest and widest range of Japan News with JapanToday's News Alert newsletter. ... Greece wracked by political turmoil in debt crisis ... billion euros ($39.5 billion) in spending cuts and tax hikes demanded by the ... in the 17-nation eurozone—a fear that saw borrowing costs in vulnerable EU ...
www.japantoday.com/.../greece-wracked-by-political-turmoil-i...

FACTBOX-Coming events in euro zone debt crisis
Reuters
June 17 - Debt agency sets amount of T-bills to be auctioned June 21. -- Ireland has drawn down a third of the 67.5 billion euros in loans from the EU and the IMF. It has received 10.2 billion eurosfrom the IMF and 12.6 billion from Europe's bailout ...
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Deepening crisis casts shadow over Lagarde IMF bid
The Associated Press
Without Lagarde's input, the crisis "could have been a lot more severe for a lot more people," he added. That argument holds little water with Tilford, however. Europe'sineffective and divisive handling of the Greek debt crisis "has caused a lot of ...
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Sarkozy and Merkel Pledge To Quickly Resolve Greek Debt Crisis
International Business Times
Sarkozy and Merkel, leaders of the two most powerful and influential nations in theEuro Zone, also urged the Athens government to continue to pursue its tough austerity program to reduce debt. Meanwhile, Greek Prime Minister George Papandreou, ...
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Trichet Presses Strong Euro Zone Reforms
Wall Street Journal
Trichet neither mentioned the interest rate outlook, nor the Greek debt crisis roiling the euro zone. But he reiterated a longstanding call for European economies to make tough reforms that would help underpin the euro. ...
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Greek Hunt for Debt 'Holy Grail' Pits ECB Against Naked Banks: Euro Credit
Bloomberg
Photographer: Kostas Tsironis/Bloomberg June 17 (Bloomberg) -- Anatoly Chubais, a former first deputy prime minister of Russia, talks about the outlook for the European sovereign debt crisis and its impact on Russia. He spoke yesterday with Bloomberg's ...
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New Dutch Bond In Light Supply As Markets Eye Greek Solution
Wall Street Journal
... Netherlands' new five-year bond will be next week's focus as euro-zone sovereign issuance drops back from this week??s very high total, executed while the bond market experienced one of its most turbulent weeks since the onset of the debt crisis. ...
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Greece reshuffles cabinet amid debt crisis
Aljazeera.net
The Greek prime minister has replaced his finance minister as part of a broad cabinet reshuffle - an example of reforms aimed at tiding over the country's crippling debt crisis despite popular resentment. George Papandreou's move came two days after ...
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Echoes Of Lehman: World Awaits Another High-Stakes Weekend
Wall Street Journal
NEW YORK (Dow Jones)--As European officials meet in Luxembourg Sunday in a two-day bid to halt a spiralling Greek debt crisis, unsettling parallels can be found with a weekend gathering of US officials three years ago. As is now etched into popular ...
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Easy-Forex.com Puts Comment on Euro-Zone Greece Debate
PR.com (press release)
Easy-Forex.com recently reported on the debt crisis in Greece putting pressure on the Euro. This is back in the spotlight after the S&P downgraded the country three levels to CCC, the world's lowest credit rating. Now EU financial leaders are debating ...
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Five world markets themes in the coming week
Reuters
Outperformance may be all the easier if German Bunds benefit less than they have done in the past from ructions in peripheral euro zone debt markets. Bank of New York Mellon says its custodial flow data shows less demand for German and French debt in ...
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EU's Van Rompuy: It's Now Up To Greece To Agree Program
Wall Street Journal
... discussing the debt problems of the euro zone ahead of a summit of European Union leaders next week. Austerity reforms were "necessary in Ireland and elsewhere" for countries to emerge from the debt crisis, he said. Van Rompuy said that the EU's ...
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RATE FUTURES REPORT: Key Libor Seen Up Again On Euro Debt Chaos
Wall Street Journal
By Howard Packowitz Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)--Banks spooked by Greece's debt crisis are expected to boost interbank lending costs in the near-term, based on pricing the past two sessions of short-dated Eurodollar futures contracts. ...
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GLOBAL MARKETS: European Stocks Slip; Banks Suffer On Greece Worries
Wall Street Journal
By Ishaq Siddiqi Of DOW JONES NEWSWIRES LONDON (Dow Jones)---European stocks fell Friday, with banking shares leading the declines as fears that the Greece debt crisis could spread across the euro-zone continued to rattle investor sentiment. ...
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Gold May Gain as Europe's Debt Woes Spur Demand, Survey Shows
Bloomberg
Divisions “as to how to resolve the euro-zone debt crisis are creating a risk of contagion.” The attached chart tracks the results of the Bloomberg survey, with the red bars derived by subtracting bearish forecasts from bullish estimates. ...
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Mid-Day Update: Stocks Higher Despite Decline in Confidence Among US Consumers
NASDAQ
Stocks are higher at mid-day as developments in the Eurozone ease sovereign debt concerns as key leaders voice support for the euro and finding a solution to Greece's debt crisis. New data showed lingering concern among American consumers about the ...
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Deutsche Bank CEO: We Should Support Euro
Wall Street Journal (blog)
By Geoffrey T. Smith Germany needs to show leadership and responsibility for Europe in solving the Greek debt crisis, Deutsche Bank Chief Executive Josef Ackermann said Friday. In a panel discussion at a Russian investment conference, Mr. Ackermann ...
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EU Finance Chiefs Are Set to Clear Way for Greek Aid Payment, Germany Says
Bloomberg
A year after the bailout that aimed to stop the spread of the debt crisis, Greece remains mired in a third year of recession, shut out of financial markets and saddled with the biggest debt load in theeuro's history. The extra yield that investors ...
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FTSE lower as Greece uncertainty lingers
Reuters
The Greek debt crisis and the euro zone's continued lack of unity over a potential solution to the problem weighed on sentiment, as investors grew nervous that Greece would default on its debt. "There is a concern that people will end up just kicking ...
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HK Dollar Down Late Due To Europe Concerns, Weak Local Stocks
Wall Street Journal
The euro remained weak against major currencies in Asia Friday as persistent worries about Greece's sovereign debt crisis and concerns over a potential global slowdown made traders shy away from the risk-sensitive single currency, traders said. ...
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Brazilian Real Weakens Again On European Debt Concerns
Wall Street Journal
Concerns over the Greek debt crisis helped the euro extend losses against the dollar. Though some ministers expressed confidence that euro-zone governments and the IMF will agree to pay a next installment of rescue loans to Greece, that depends on the ...
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Brazil Stocks Drop To 11-Month Low On Europe, Growth Concerns
Wall Street Journal
Concerns over the Greek debt crisis pulled markets lower Thursday. Though some European ministers expressed confidence that euro-zone governments and the IMF will agree to fund an additional installment of rescue loans to Greece, that depends on the ...
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Swedes Sidestep Greek Morass by Avoiding Euro: Brendan Greeley
BusinessWeek
But the country's economy was still recovering from a domestic banking crisis earlier that decade, and public opinion in Sweden turned against the EU after accession. When the euro launched in 1999, Sweden deliberately failed to fulfill all of the ...
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FUND VIEW-DB Advisors tips Chile, Colombia debt
Forexyard
Rattled by a euro-zone debt crisis that has seen a stream of rating downgrades and raised the prospect of a Greek default, fixed-income investors are snapping up a growing number of emerging markets waving an "investment-grade" rating. ...
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Greek rescheduling could be 'fatal for euro'
AFP
The Greek crisis also showed that some European countries "are living above their means." He said that a rescheduling of Greek debt would not solve the problems confronting Greece, would undermine confidence in commitments by Europe, and would not ...
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Morning Briefing: Euro-Zone Woes Overshadow Polish Data
Wall Street Journal (blog)
By Sean Carney The euro zone fiscal crisis and efforts to prevent a Greek default will remain at the top of the agenda in central Europe Friday, though a smattering of economic data from Warsaw will add a local flavor to the week's end. ...
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UK Indexes Climb; Vallares IPO Raises $2.2 Billion
123Jump.com
3:20 PM London – The UK indexes climbed on optimism for a resolution to the Greece sovereigndebt crisis. ARM agreed to acquire US-based Obsidian Software. CSR and Zoran agreed to revised terms for proposed merger. Vallares raised £1.35 billion in its ...
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Eurozone woes, US data weigh Asia stocks
Ninemsn
Asian stock markets tumbled on Thursday as the eurozone debt crisis came back to the fore with Greece on the brink of defaulting on its loans while US economic data also depressed sentiment. Tokyo slumped 1.70 per cent, or 163.04 points, to 9411.28 and ...
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Infrastructure investors seek volatility shelter
Reuters
Concerns over the outlook of stretched and opaque financial markets in emerging countries have exacerbated anxiety about a US economic slowdown, contagion from the euro zone's debt crisisand pumped-up world inflation. Infrastructure companies operate ...
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Chance of Greek Bailout Default Worries Global Markets
PBS NewsHour
Anxiety over the Greek debt crisis spooked markets in Europe and Asia again Thursday as investors worry about problems there spreading. Meanwhile, Greece's prime minister held an emergency Socialist Party meeting but delayed a Cabinet reshuffle until ...
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Can Greece take a page out of Argentina's book?
Deutsche Welle
While the government in Athens is confined to the EU's 17-member monetary union, or theeurozone, Argentina was able to determine its own course with the Argentine peso. When the crisisstruck in the late 1990s, this allowed the government in Buenos ...
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$A higher on some good Greek news
Perth Now
Mr Capurso said the comments from the German Foreign Minister Wolfgang Schauble, saying the Greek debt crisis would be resolved, were also helpful. ``There was a bit of good news about Greece in the last little while and I think that is why the euro ...
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The Press Notes the Euro Crisis Threatens the U.S. Too
Columbia Journalism Review (blog)
If there's one thing capital markets don't like, it's revolution on the streets of a European democracy, particularly one like Greece, a domino temporarily propped up by plan that used more debt to bail it out of a debt crisis. ...
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Business Daily - Why Greece is not Europe's Lehman's
BBC News
Commentators accross the world are calling the on-going crisis the "Lehman's moment" for the Euro-zone. Well, here at Business Daily we like to question received wisdom and that claim struck us as - well - a little "insubstantial". ...
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Share prices may try to rally: Friday Closing Report
Moneylife Personal Finance site and magazine
A short bounce may be on the cards, but it may get stopped at around 5450-5500 The market opened with good gains on positive news from Maruti Suzuki and Tata Steel overnight, despite its Asian peers trading lower, weighed down by the Greece debt crisis ...
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Euro Decline Slows, But Event Risk Remains High
Action Forex
The Bund and the Treasury Note future both set new contract highs. Yesterday, currency trading was still driven by the headlines on the Greek debt crisis. EU's Rehn indicated that progress had been made on a solution. This eased the pressure on the ...
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Stocks are Weak, Especially the EuroStoxx50
The Market Oracle
... crisis/recession exposed all of these weaknesses and despite repeated efforts to rescue the likes of Greece, Portugal and Ireland with huge amounts of money and externally imposed fiscal retrenchment, the Euro zone sovereign debt crisis goes on. ...
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Commission, IMF offer Greece lifeline
EurActiv
Sarkozy called on EU leaders "to leave behind national quarrels and recover the sense of our common destiny". The White House said it was monitoring the situation and that the Greek debt crisis was a headwind to the US economy. ...
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Last warning before the Autumn 2011 shock, when $15 trillion of financial...
Hamsayeh.Net
We were then describing a process that would start with the European governmentdebt crisis and then set fire to the heart of the global financial system, namely US federal debt (2). And here we are with this issue at the start of the second half of ...
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NewsDaily: China cites "vital" self-interests in EU debt fix
By Chris Buckley
China's "vital" interests are at stake if Europe cannot resolve its debt crisis, the Chinese Foreign Ministry said on Friday as it voiced concern about the economic problems of its biggest trading partner. ... Since euro zone debt worries first rippled through markets last year, China has repeatedly said that it has confidence in the single-currency region. "We have hoped to help euro zone countries in overcoming the crisis, and this is also a measure that is beneficial ...
NewsDaily: Top Headlines
Germany retreats from battle over Greek bailout - Haaretz Daily
By haaretz
... European Central Bank over Greek debt crisis. Chancellor Angela Merkel of Germany has sued for peace with the European Central Bank (ECB) following weeks of feuding over how to rescue Greece from the devastating debt crisis threatening the future of the euro single currency. ... The ECB, supported by the European Commission, France and Jean-Claude Juncker of Luxembourg, head of the group of 17 eurozone countries, had warned that Berlin's policy could trigger calamity. ...
Haaretz Daily
IMF cuts forecast for US economic growth | Firstpost
The IMF, in its regular assessment of global economic prospects, said bigger threats to growth had emerged since its previous report in April, citing the euro zone debt crisis and signs of overheating in emerging market economies. ... The IMF said it was slightly more optimistic about the euro area's growth prospects this year, but a lack of political leadership in dealing with Europe's debt crisis and the wrangling over budget in the United States could create major ...
Firstpost
EUROZONE Debt Crisis News, Jun 04, 2011 (2) « Today's News
World News, Finance, Lifestyle, Health, Entertainment, Music, Sports, ... They are expected to discuss the euro-zone debt crisis as well as the US's own ...
interalex1.wordpress.com/.../eurozone-debt-crisis-news-jun-04...
China says EU debt crisis 'important' to Beijing — EUbusiness ...
You are here: Home → Breaking news → China says EU debt crisis ... China said Friday the ability of eurozone companies to overcome their debt problems was ... of its world-leading foreign exchange reserves in euro-denominated assets. ...
www.eubusiness.com/news-eu/china-politics-debt.aoo
Euro Zone » ForexNews.com
ForexNews.com News, Charts, Research & Video. Search: Forex News ... Swiss Stocks Weighed Down By Euro-Zone Debt Concerns ... Eurozone finance ministers are meeting again to discuss the crisis on Monday, ahead of a full meeting of all ...
www.forexnews.com/category/global-markets/euro-zone/
Analysis: Cyprus could become next euro zone trouble spot | Phantis
More Greek-Australian news ... Tiny Cyprus may become the next trouble spot in the euro zone's debt crisis, ... This just goes to show that there is an interdependence in the EU that its bankers and leaders cannot ignore. ...
www.phantis.com/.../analysis-cyprus-could-become-next-euro...
MINA Breaking News - IMF cuts U.S. growth forecast, Warns of Crisis
IMF cuts U.S. growth forecast, Warns of Crisis, PDF, Print, E-mail ... citing the euro zone debt crisis and signs of overheating in emerging market economies. ... but a lack of political leadership in dealing with Europe's debt crisis ...
macedoniaonline.eu/content/view/18414/52/
Obama pledges U.S. cooperation in euro debt crisis - Best Growth ...
The two leaders said they discussed the debt crisis extensively. ... to 100 billion euros over three years was taking shape, euro zone sources said. ... along with other key actors in Europe, will help us arrive at a path for Greece to ... Related Stock Market News. Obama pledges cooperation in euro debt crisis ...
www.bestgrowthstock.com/.../obama-pledges-u-s-cooperation-...

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