 Chinese Premier to Visit Europe Amid Debt Crisis New York Times But the debt crisis afflicting Greece and dragging down the euro is likely to cast a shadow over his visit. In answer to a question about Greece, Mr. Hong said: “We hope that Greece, the European Union and the international community can cooperate to ... See all stories on this topic » | ||
| Greek, Other Non-Core Euro Zone Bonds Fall On Greek Worries Wall Street Journal ECB Governing Council Member Nout Wellink said the euro-area bailout fund may have to be doubled to cover potential risks, rekindling worries that the debt crisis will keep spreading. Wellink's comments spooked investors and brought Ireland and ... See all stories on this topic » | ||
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| Greece wracked by political turmoil in debt crisis Greenwich Time Papandreou and conservative party leader Antonis Samaras discussed the creation of a power-sharing government to deal with the country's crippling debt crisis during a telephone conversation, an opposition party official told The Associated Press. ... See all stories on this topic » | ||
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| Sovereign debt crisis risks infecting banking system - ECB report Europolitics.info By Sarah Collins | Thursday 16 June 2011 The biggest risk for Europe's financial sector is the spillover from the still-raging sovereign debt crisis in the eurozone, particularly in the bailed-out countries of Greece, Ireland and Portugal, ... See all stories on this topic » | ||
| Protesters clash with police, EU on Greece debt crisis Xinhua Greek youths hurled petrol bombs at the Finance Ministry to oppose government efforts to pass new austerity laws for the debt-choked euro zone state. Greek protesters throw petrol bombs at the finance ministry in central Athens. ... See all stories on this topic » | ||
| Fitch's Riley: Euro Not Likely To Break, But Greek Response Makes Situation Worse Wall Street Journal By Bradley Davis Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The euro-zone is not likely to break apart, but officials' response to the Greek debt crisis--which threatens to engulf the region's economy--has made the situation worse, the head of Fitch ... See all stories on this topic » | ||
| Copper Falls Most in a Week on Concern Greece's Debt Crisis May Cut Demand Bloomberg “The commodity markets will be closely watching the goings-on in the euro zone over the next few days,” Edward Meir, a senior analyst at MF Global Holdings Ltd. in Darien, Connecticut, said in a report. Support at $9000 “will eventually give way,” Meir ... See all stories on this topic » | ||
| Just how serious is the Greek debt problem? Deutsche Welle On top of all this, European Union leaders are divided over a second bailout for debt-ridden Greece. "This is a major crisis not only for the eurozone but for the world financial system," said Falko Fecht, a professor of economic and banking policy at ... See all stories on this topic » | ||
| Bunds test highest levels this year as Greek concerns mount Reuters By Kirsten Donovan LONDON Jun 16 (Reuters) - German Bunds rose on Thursday ahead of a Spanish debt auction seen as a key test of sentiment towards the euro zone's higher rated peripheral issuers, with concerns over the Greek debt crisis supporting ... See all stories on this topic » | ||
| The Pain in Spain Huffington Post (blog) Carstens told Reuters that Europe and the Euro currency zone need tough measures to weather thecrisis, not unlike what the IMF imposed on Latin America during the 1980s when the region had its first debt crisis. Beyond the $1.1 trillion Euro bailout ... See all stories on this topic » | ||
| Brazil Currency Market Weaker As Cloud Darkens Over Europe Wall Street Journal "There is a feeling that the problems in Europe are getting much more serious," said Ivo Goes Bessa, a trader at Sao Paulo-based brokerage Levycam Corretora. The latest concerns about the ongoing EU debt crisis were triggered after euro-zone officials ... See all stories on this topic » | ||
| GLOBAL MARKETS-US stocks rebound; euro stabilizes vs dollar Reuters But even as there were signs of a return in risk appetite, high-rated government debt rallied on concerns that Greece's debt woes might spiral into another global financial crisis. In Europe, shares slid to a three-month low as international lenders ... See all stories on this topic » | ||
| Swiss National Bank Holds Rates at Historic Lows CNBC.com "At the moment one of the great sources of uncertainty clearly is the debt crisis in Europe. That's certainly the main factor that adds a new element of uncertainty. But we also have the so-called 'soft patch' in the US and we have generally an outlook ... See all stories on this topic » | ||
| Greek PM vows to pull country out of debt crisis; EU backs funds to fend off ... Newser Papandreou's desperate efforts to form a coalition government with the opposition conservatives collapsed Wednesday, and the political crisis deepened Thursday when two of Papandreou's lawmakers resigned. He has promised a Cabinet reshuffling to ensure ... See all stories on this topic » | ||
| PRECIOUS-Gold flat; worries over Greece, economy support Reuters Worries over the European debt crisis pummeled the euro and pushed to record highs the cost of insuring against default the debt of Greece and several other peripheral euro zone nations. [ID:nLDE75E0JC] [GVD/EUR] [FRX/] Gold priced in euros XAUEUR=R ... See all stories on this topic » | ||
| European Contagion, The Domestic Banks, & the S&P 500 International Business Times Fear was represented by a breakout in the Volatility Index (VIX) and the disease was related to the sovereign debt crisis unfolding in the Eurozone. The violent reaction by the Greek citizenry to proposed austerity measures paired with grumblings ... See all stories on this topic » | ||
| LatAm Currencies Feel Heat As Fears Rise Of Greek Debt Default Wall Street Journal Jitters about the Greek debt crisis have intensified Thursday, with worries that a default would lead to giant losses for creditors. Investors don't expect a quick fix for that country's woes. "What you will see is some continued fallout from Greece," ... See all stories on this topic » | ||
| EU Governance Package, Like Greek, To Be Delayed -Sources Wall Street Journal Hungary's term in the rotating EU presidency ends in June. The rules are designed to provide stricter oversight of member budgets and prevent another euro-zone debt crisis. The European Commission, the EU's executive, has tied the package to the drive ... See all stories on this topic » | ||
| ECB Liikanen: ECB Balance Sheet Risks Manageable NASDAQ Liikanen repeated the ECB's mantra that credit events or "selective defaults" should be avoided in efforts to resolve the debt crisis engulfing Greece and other euro-zone nations. The ECB is opposed to measures such as rescheduling repayments due on ... See all stories on this topic » | ||
| Country takes pains to avoid a bail-out Financial Times ... euros in rescue packages from the European Union and the International Monetary Fund, Spain finds itself sweating under the spotlight as the next most likely “peripheral” eurozone nation to need a bail-out from the spreading sovereign debt crisis. ... See all stories on this topic » | ||
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| Ireland Snubs ECB Effort to Avoid Meltdown With Threat on Bank Guarantees Bloomberg (Source: Bloomberg) June 16 (Bloomberg) -- Michael Darda, chief market strategist for MKM Partners LP, talks about the European sovereign debt crisis and impact of European Central Bank monetary policy on the Eurozone. Darda, speaking with Betty Liu ... See all stories on this topic » | ||
| Analysis - Fitch offers ECB way out of Greece funding corner Reuters UK ECB President Jean-Claude Trichet last week stressed that the bank opposes debt restructuring, which it worries could trigger another Lehman-type crisis in the euro zone, pushing up bond yields for countries such as Spain. "We exclude all concepts ... See all stories on this topic » | ||
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| Chinese Ambassador Elaborates on Multifaceted Ties with EU in Online Exchange CRIENGLISH.com Chinese ambassador to the European Union Song Zhe on Thursday shed light on the country's relations with the EU in many aspects including their strategic partnership, trade impact from the EU debt crisis and future cooperation during an online exchange ... See all stories on this topic » | ||
| Fairfax Market Report including DiamondCorp and Hummingbird Resources Proactive Investors UK The situation in Greece continues to plague the Eurozone and markets today. Contagion fears increase, prompting renewed speculation over the interconnection of the debt crisis and the regions banking sector. • The dollar is up as investor's trade out ... See all stories on this topic » | ||
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| GLOBAL MARKETS: European Stocks To Slide On Greek Debt Tensions Wall Street Journal Additionally, the European Central Bank warned that contagion from the euro zone's debt crisisremains the top risk to financial stability in the single currency bloc, while reiterating its opposition to a Greek debt restructuring. ... See all stories on this topic » | ||
| FTSE drops below 5700 as investors fret over Greece crisis Citywire.co.uk by Max Julius on Jun 16, 2011 at 17:36 Britain's FTSE 100 dropped to a three-month low on Thursday, breaking below the 5700 mark, as eurozone bankers and finance ministers failed to agree a deal for a second bail-out of debt-stricken Greece. ... See all stories on this topic » | ||
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| New signs of a slowdown send stocks tumbling Los Angeles Times More troubling economic reports and growing fears over Europe's debt crisis cause the markets to resume a June swoon. The Dow's 178-point drop offsets a 123-point gain the day before. By Tom Petruno, Los Angeles Times Stocks tumbled on a fresh batch of ... See all stories on this topic » | ||
| Yuan Forwards Weaken, Signal Least Appreciation in Nine Months San Francisco Chronicle Asian stocks slid after European Union talks on achieving a second bailout for Greece stalled and reports showed the US economy is cooling. The threat of the Greek debt crisis spilling over into the banking sector is the biggest risk to the region's ... See all stories on this topic » | ||
| Daily FX Strategy Action Forex USD strength yesterday was triggered by a combination of weak UK data, weak US data and more concerns about the Greek debt crisis. While the Euro-zone issues will continue to dominate the headlines, the US issues may be the biggest problem, ... See all stories on this topic » | ||
| FTSE 100 tumbles on Greek default fears Proactive Investors UK ... were jittery over the debt crisis in Greece. The situation has taken a turn for the worse as Nout Wellink, member of the European Central Bank Governing Council, told a Dutch newspaper thatEurope's bailout fund should be doubled to €1.5 trillion. ... See all stories on this topic » | ||
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| Sarkozy urges compromise for euro crisis - Europe news Sarkozy urges compromise for euro crisis. PARIS (AP) — French President Nicolas Sarkozy on Thursday called on other European Union leaders to stop quarreling about how to help struggling Greece and instead display the unity that has ... France's three biggest banks are at risk of a credit downgrade because of exposure to Greek debt. European officials are talking about more aid to keep Greece from defaulting. The Greek debt crisis will also be at the center of talks ... Mail.com: Breaking News |
| Greek debt crisis: the key questions answered - Haaretz Daily By haaretz Greek debt crisis: the key questions answered. As riots paralyse Athens and the debt crisisthreatens to bring down George Papandreou's government, we look at a growing threat to theeurozone itself. With the Greek government on the verge of ... The Maastricht treaty explicitly prohibits a eurozone country from leaving the euro. Some observers, though, have suggested that Greece could take a "temporary leave of absence" instead. Another possibility is to split the euro, ... Haaretz Daily |
| Sarkozy urges compromise for euro crisis | The Associated Press ... By The Associated Press French President Nicolas Sarkozy on Thursday called on other European Union leaders to stop quarreling about how to help struggling Greece and instead display the unity that has underpinned the euro currency since its creation over a ... News ... France's three biggest banks are at risk of a credit downgrade because of exposure to Greek debt. European officials are talking about more aid to keep Greece from defaulting. The Greek debt crisis will also be at the center of ... Examiner RSS |
| NewsDaily: Lenders offer Greece lifeline as PM faces rebels There were also some signs of growing tension in inter-bank lending on money markets, as occurred when the Greek debt crisis erupted early last year. In a statement intended to soothe markets, theEuropean Union's top economic ... The cost of insuring Greek debt against default soared to an all-time peak on Thursday, and the risk premium on the bonds of several other euro zone sovereigns -- including Spain and Italy -- rose as investors fled to safe-haven German bunds. ... NewsDaily: Business Headlines |
| Eurozone Central Banks Net Buyers of Gold in 2011 for First Time ... By Goldcore Bullion and Wealth Management Company Bloomberg European Crisis Monitor. Risk of Eurozone “Lehman Moment” & “Financial Armageddon” Sees Euro Gold on Verge of New Record High. Greek, Portuguese and Spanish debt is under pressure this morning. Greek bonds are being decimated ... Business Insider |
| Europe's debt crisis: Can kicked? | The Economist Europe's debt crisis. Can kicked? Jun 16th 2011, 16:17 by R.A. | WASHINGTON. Tweet. WHAT to make of the latest news out of Europe? Let's back up a bit. Europe and the IMF put together a broad aid plan to help the Greek government meet its ... Pressure will probably ramp up again in July ahead of the next meeting of euro-zone finance ministers. If it doesn't, however, the issue will almost certainly come to a head by September, when another aid payment to Greece is due. ... Free exchange |
| Is Greece the next Lehman? - Ecademy In the latest news out of Athens, Greek prime minister George Papandreou is offering to give up his post for the cause of Greek salvation. The outlook couldn't get much worse. We can all remember the sudden collapse of Lehman Brothers ... Bondholders hit by losses on Greek debt dump the bonds of the other PIIGS like Ireland, Portugal and Spain, intensifying the European debt crisis. Perhaps theeuro zone folds up. Panicked investors sell off stocks and bonds in emerging ... Ecademy: user blogs |
| Has Greece already defaulted? - Social Europe Journal By George Irvin This de facto debt repudiation follows from several factors: first, the Greek austerity measures are clearly not working given that its GDP contracted 5.5% in 2011Q1 and the debt/GDP ratio rose to 140%; secondly, last Monday the S&P cut ... There are three possibilities: one is 'more of the same' with an uncontrolled financial crisis leading ultimately to the collapse of the eurozone. The second is that Greece, Ireland and Portugal (though not Spain and Italy) will leave ... Social Europe Journal» Blogs |
| Today: EUROZONE Debt Crisis News, Jun 10, 2011 EUROZONE Debt Crisis News, Jun 10, 2011. Analysis: Cyprus could become next euro zonetrouble spot. Reuters So the European Union could easily afford any ... www.interalex.net/.../eurozone-debt-crisis-news-jun-10-2011... |
| Debt crisis and Libya to dominate Obama, Merkel talks - World news ... Next story in Europe Europeans to launch robotic mini-shuttle by 2020 ... Those issues and theeuro zone debt crisis were expected to dominate talks between ... www.msnbc.msn.com/.../debt-crisis-libya-dominate-obama-me... |
| Obama urges tough decisions on Greek debt crisis Obama, appearing at a joint news conference with German Chancellor Angela Merkel ... for action onEurope and called Germany a "key leader" in resolving the crisis. Greece's high debt level "means that other countries in the euro zone ... Obama and Merkel said they discussed the Greek debt crisis extensively during ... www.theusdaily.com/articles/viewarticle.jsp?id=1534431 
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