 Reuters Europe's debt crisis added to the mood, with a summit of European leaders beginning later in the day due to focus on the Greek bailout. On the economic front, Germany's manufacturing growth eased in June. The Fed said on Wednesday that while ... See all stories on this topic » | ||
| China's Wen heads to Europe, worried by debt crisis, trade Reuters TRADE TIES The 27-member EU bloc is now China's largest trading partner with bilateral trade worth nearly 400 billion euros ($573 billion). While Chinese exports jumped 14 percent to hit 282 billioneuros last year, the debt crisis has begun to weigh. ... See all stories on this topic » | ||
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| Cameron worried about spillover from Greek crisis Kathimerini British Prime Minister David Cameron is expected to voice his concern about the Greek debt crisishaving a spillover effect during a European Union summit meeting taking place in Brussels on Thursday and Friday. According to The Daily Telegraph, ... See all stories on this topic » | ||
| Germany Merkel, France Sarkozy To Discuss Greek Crisis Thursday Wall Street Journal BRUSSELS (Dow Jones)--German Chancellor Angela Merkel and French President Nicolas Sarkozy are planning to meet privately Thursday on the sidelines of a European Union summit to discuss Greece's ongoing debt crisis, an official familiar with Merkel's ... See all stories on this topic » | ||
| Euro zone crisis needs medium-term funding solution -EBS CEO Reuters "A coordinated EU approach to the sovereign debt crisis is essential. A clear and credible EUsolution that addresses medium-term funding needs is the only solid foundation for recovery," Fergus Murphy said in a speech to be delivered in Dublin. ... See all stories on this topic » | ||
| Fed worries about spillover from Europe's debt crisis to US financial system Los Angeles Times Given that the European government-debt crisis began to unfold in November 2009, US banks have had plenty of time to get out of the riskiest securities. Greece got its first bailout from the rest of theeuro-zone countries a year ago. ... See all stories on this topic » | ||
| Greece presses banks, low-earners in debt crisis Danbury News Times DEREK GATOPOULOS, AP ATHENS, Greece (AP) รข€” Greece's new finance minister said the government has been encouraging Greek banks to participate in a solution to the country's cripplingdebt crisis, just days ahead of a crucial Parliamentary vote that ... See all stories on this topic » | ||
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| INTERVIEW: Only Solution To Greek Debt Is Restructuring-Eichengreen Wall Street Journal "I still think it very, very unlikely, for example, that Greece would reintroduce the drachma as part of its debt restructuring and crisis resolution efforts," he said. "Europe has so much invested in theeuro economically and politically that it's not ... See all stories on this topic » | ||
| Dollar Firmer on Global Growth, Euro Zone Risk TheStreet.com The main driver has been heightened global growth concerns and the fading hopes that theEuropean Union summit will make much progress in resolving the debt crisis. Global equities and commodities are under pressure. Dow Jones Stoxx 600 in Europe is ... See all stories on this topic » | ||
| Why Should You Care About What Happens in Greece Care2.com (blog) by Kristina C. What does the debt crisis in Greece means for people in North America and in the US in particular? At a Wednesday press conference, US Federal Reserve chairman Ben Bernanke spoke of fears that a “domino” effect could happen, in which, ... See all stories on this topic » | ||
| Analysis: Greece Set To Dominate BOE FPC's Inaugural Presser IMarketnews.com LONDON (MNI) - The Greek debt crisis, and the increasingly real threat of contagion in theeurozone bloc, looks set to dominate the Bank of England's first Financial Policy Committee press conference this Friday but just as important in the minds of ... See all stories on this topic » | ||
| The Eurozone in Crisis Council on Foreign Relations The sovereign debt crisis, which fully emerged in 2010, has highlighted the economic interdependence of the EU, while also underscoring the lack of political integration in some areas of the union--along with a weak central government--needed to ... See all stories on this topic » | ||
| Could Italy go the way of Greece? Reuters UK (blog) These reviews typically last three months or so, and although a downgrade would still leave Italy at the higher end of investment grade, it is not good news to be sliding down the scale, especially when a sovereign debt crisis is raging further along ... See all stories on this topic » | ||
| RPT-US money funds seen cutting European exposure Reuters As the Greek debt crisis intensified in recent days, money funds have been identified as a channel through which the euro zone crisis could spread to US markets if Greece or another struggling euro zone sovereign were to default. ... See all stories on this topic » | ||
| As Europe stumbles, Lagarde presses IMF bid Washington Post But last year, as a debt crisis in Greece unnerved markets and raised the possibility that the euro-zone currency union might not survive, Lagarde wasn't so interested in the agency she now wants to command. As the United States and the IMF urged fast ... See all stories on this topic » | ||
| The EU needs leadership to tackle this crisis, not repeated doses of austerity The Guardian Is this possible in the current economic climate with the debt crisis looming and the current leadership of Europe? I am not so sure. But the alternative (only reactive, corrective action) could lead to a break up of the Union and reverting to old ... See all stories on this topic » | ||
| Irish GDP Rebound Offers Hope To Crisis Economy Wall Street Journal A new coalition government, led by Prime Minister Enda Kenny, that was swept to power in March, is pinning its hopes on a strong rebound in exports to--as it has in the past--lift the country out of a deep debt crisis and get it back to limited market ... See all stories on this topic » | ||
| Greece Concerns Add Extra Pressure to EUR On Top Of Bernanke, Macro Data FXstreet.com Well, it wasn't long before one of those risk events pressured the Euro-zone, though a mix of poor macro data in the form of weaker manufacturing PMI from Germany also pressured the single currency. In the sovereign debt crisis, EU leaders are ... See all stories on this topic » | ||
| Greek prelate: We sinned on debt, but who's without sin? Globe and Mail The Bank of Canada warned yesterday in a review of the financial system that Europe's crisis is a threat, and again flagged high debt levels among Canadian households as a concern. Separately, the Federal Reserve yesterday cuts its outlook and warned ... See all stories on this topic » | ||
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| Euro falls more than 1% on global growth worries MarketWatch This followed subpar data from China and Europe as well as more warnings about the impact of Greece's debt crisis. Also, Federal Reserve Chairman Ben Bernanke downgraded US growth prospects on Wednesday. “The shift in risk-taking behavior is likely to ... See all stories on this topic » | ||
| Mario Draghi may bring new tone as ECB head Reuters By Paul Carrel FRANKFURT (Reuters) - As Europe heads deeper into the Greek debt crisis, the tone of communications at the top of the European Central Bank may change significantly, posing a new challenge for markets trying to guess the ECB's intentions ... See all stories on this topic » | ||
| Bond markets fragile as Greek deal being sorted euro crisis Irish Independent Meanwhile, the weaker market for the debt of peripheral euro countries posed no difficulty for the European Financial Stability Facility (EFSF) when it sold bonds yesterday. The EFSF sold a €3bn bond to investors in just two hours yesterday. ... See all stories on this topic » | ||
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| Greek crisis support dollar FXstreet.com The political dimension of the government debt crisis has increased further lately. Turmoil in Greece, as well as the change of government (necessary for passing through consolidation measures, which in turn are a precondition for the next financing ... See all stories on this topic » | ||
| Belgium seeks 5-yr Greek rollover, EFSF rate-paper Reuters De Tijd said the initial response was positive and the authorities hoped to wrap up an agreement in principle on Thursday, while an EU summit on the debt crisis is under way. Similar meetings took place in Germany, France and Spain on Wednesday, ... See all stories on this topic » | ||
| Greece can't be thrown out of the eurozone Irish Independent By Gary O'Callaghan Since the onset of the crisis, there has been a lot of speculation about a break-up of the eurozone as some members could be forced out or quit. This week, there were further calls for Greece to be expelled and for the eurozone to ... See all stories on this topic » | ||
| FTSE 100 Stocks Decline for Second Day; Lloyds, RBS, Barclays Post Retreat Bloomberg “It's the combination of euro-zone debt crisis continuing and the economic news over the last two months, especially out of the US, which has been dire,” said Ian Murrell, an analyst at Pritchard Stockbrokers Ltd. in London. ... See all stories on this topic » | ||
| IPO WATCH: Volatile Markets Fell More Deals In Europe Wall Street Journal Those indefinite postponements followed the pulling of an IPO for Telefonica SA (TEF) unit Atento two weeks ago, as investor worries over the health of indebted euro-zone economies were re-ignited by the deepening sovereign debt crisis in Greece. ... See all stories on this topic » | ||
| Europe Factors-Shares set to dip after Fed cuts US growth Reuters Investors were also reluctant to buy riskier assets ahead of a European Union meeting later on Thursday which could be dominated by Greece's debt crisis. Although Greece is not formally on the agenda, markets will be looking for assurances that ... See all stories on this topic » | ||
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| Majors Fundamental: EUR/USD, GBPUSD, JPY FXstreet.com The market will continue to react to Bernanke's comments on the economy and monetary policy outlook following the FOMC decision, while for the euro, the focus will still be on the debt crisis and the outlook for the two day EU Summit on hopes some ... See all stories on this topic » | ||
| Faltering factories point to broader slowdown Reuters Also weighing on the outlook, Europe is trying to hammer out a second bailout for Greece and there are concerns that the sovereign debt crisis could spill over again to other countries on the euro zone's periphery. Growth in the 17-nation bloc's ... See all stories on this topic » | ||
| Peso gains 20 centavos on Greece news BusinessWorld Online “The peso was mainly driven by market optimism following the European Union's decision to contain Greece's debt crisis,” a trader said in a phone interview. The peso had tracked the euro in the past week, which resulted in its losing streak, ... See all stories on this topic » | ||
| CANADA FX DEBT-C$ drops on sour view of US economy Reuters Risk sentiment was dented also by European Central Bank President Jean-Claude Trichet, who said the warning lights are flashing red on the euro zone's debt crisis. [ID:nLDE75M0C0] Evidence of slower economic growth also hurt sentiment. ... See all stories on this topic » | ||
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| Dexia joins list of banks ready to roll over Greek debt Reuters The euro zone wants Greece's private bondholders to roll over as much as 30 billion euros of sovereign debt as part of a new package of emergency support for Athens that financial sources say could total 120 billion euros. No details of how this scheme ... See all stories on this topic » | ||
| Morning Briefing: Czechs to Keep Interest Rates Steady Wall Street Journal (blog) HUNGARY: The European Union will pull through its debt crisis and is in better financial shape than many think, Hungary's foreign minister said Wednesday. HUNGARY: The European Union has accomplished a lot as a result of its debt crisis, ... See all stories on this topic » |
| Greek Debt Crisis, No Simple Answers, For Anyone | MyFDL By Bill Egnor All of these seem to be true of the Greek debt crisis. There are a couple of articles in the New York Times today that lay out the scope and complexity of the problem, you can find them here and here.... Being part of the EU and the Euro zone these things are controlled by the European Central Bank. This puts them in a really bad place with few options. Right now the three groups that are loaning them money, the IMF, the European Union and the European Central Bank are ... Bill Egnor's myFDL diary |
| Greek debt crisis: Germany says UK must help fund bailout ... By haaretz Greek debt crisis: Germany says UK must help fund bailout. EU summit likely to be dominated by Greece debate as Cameron insists bailout is 'red line' issue. The German government signalled yesterday that Britain would need to contribute to the new ... The bulk of the new bailout – the second for Greece in just over a year – is to come from a €440bn fund guaranteed by the other 16 governments of the eurozone. But a separate European commission-administered fund of €60bn, ... Haaretz Daily |
| EU leaders to renew battle over Greek crisis at summit - Best ... By apons80 BRUSSELS/ATHENS, June 23 (Reuters) – European leaders will try to convince Greeks and financial markets when they meet on Thursday and Friday that they have a workable plan to help Athens avoid a debt default and return to financial ... The summit agenda also involves agreeing to increase the size of the euro zone's current bailout fund, completing the creation of a permanent crisis fund from June 2013, and discussions on Libya, Syria and EU enlargement to Croatia. ... Stock Market News |
| ekathimerini.com | Cameron worried about spillover from Greek crisis British Prime Minister David Cameron is expected to voice his concern about the Greek debt crisishaving a spillover effect during a European Union summit meeting taking place in Brussels on Thursday and Friday. ... ekathimerini.com : Latest News |
| Greece Concerns Add Extra Pressure To EUR On Top Of Bernanke ... By Nick Nasad We highlighted the next steps in the Euro-zone debt crisis in an article yesterday, and talked about the possible pitfalls along the way for the EUR as there are still many hurdles along the way that need to be cleared before markets ... In the sovereign debt crisis, EU leaders are gathering to discuss the next step forward for Greece, to try and outline the basics of a plan while at the same time giving some guarantee that Greece will receive funding for the next 12 ... DailyMarkets.com |
| Europe and America and the The Global Debt Crisis :: The Market ... Europe and America and the The Global Debt Crisis :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website. ... Suffice it to say that eighteen months later the Euro is doing well while the dollar continues its downward spiral against major world currencies; and that all those who bet on the collapse of the Eurozone have lost a lot of money. As we anticipated the crisisfavors the emergence of a new sovereign, Euroland, which now allows the Eurozone ... The Market Oracle |
| Euro Zone: Italy Will Fight Last Stand in Debt Crisis - CNBC Italy Will Fight Last Stand in Debt Crisis. Published: Tuesday, 21 Jun 2011 | 1 06 AM ET ... Its debt, if added to the mounting EU and IMF's responsibility, ... www.cnbc.com/.../Italy_Will_Fight_Last_Stand_in_Debt_Crisi... |
| Greek debt crisis: Straw says eurozone 'will collapse' – In the ... Jack Straw has predicted the collapse of the eurozone and urged the UK to consider the "alternatives" as the Greek debt crisis worsens. ... www.last.fm/forum/23/_/751507 |
| Greek debt crisis 'could wreck eurozone in 5 years' Greek debt crisis 'could wreck eurozone in 5 years' ... African News | Judge Petitioned Over Prayer Sessions in Court ... billion euro (£96.5 billion) deal a year ago, put together by eurozone countries to help save one of their own. ... news.africanseer.com/.../135051-greek-debt-crisis-could-wrec... |
| IMF warning over euro zone debt crisis - Silobreaker IMF warning over euro zone debt crisis. ... debt crisis - [3 hours ago - Investment International]. IMF: EU Must Make Decisions on Greece Debt - [4 hours ago - The Fresh Outlook] ... [15 hours ago - Hellenic Shipping News Worldwide] ... www.silobreaker.com/imf-warning-over-euro-zone-debt-crisis... 
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