Today: EUROZONE Debt Crisis News, Jun 26, 2011

Search

ALS, Alexander Language Schools Franchise


Jun 26, 2011

EUROZONE Debt Crisis News, Jun 26, 2011

Domino effect warning on debt crisis
Herald Scotland
The committee recommended banks be told to keep more of their profits as they faced threats from the eurozone debt crisis and homeowners not being able to repay their mortgages. Sir Mervyn King, the bank governor, refused to liken the eurozone debt ...
See all stories on this topic »
'Euro debt crisis biggest threat to UK financial system'
Economic Times
LONDON: The Eurozone debt crisis poses the biggest risk to the stability of the UK financial system and banks should build up capital buffers when earnings are strong, the Bank of England said. "The most serious and immediate risk to the UK financial ...
See all stories on this topic »
Greek crisis pushes eurozone to the brink
Khaleej Times
It would be a mistake to underestimate the determination of Europe's political leaders to protect the euro. But the impression that the eurozone is stumbling from crisis tocrisis, surviving with the liberal use of sticking plasters, ...
See all stories on this topic »
What the Greeks Are Teaching
Wall Street Journal
Despite the hysteria, the real story of the debt crisis is that the euro, finally, is working. By HOLMAN W. JENKINS, JR. Had Ben Franklin been present at the Maastricht summit back in the 1990s, he might have told Europe's publics: "You've got a euro, ...
See all stories on this topic »
Wen's Europe tour to foster closer ties
China Daily
Wen's five-day visit to Hungary, the United Kingdom and Germany started on Friday and coincides with the EU summit on Thursday and Friday intended to end theeurozone debt crisis. Ever since the outbreak of the crisis in 2009, China has been buying ...
See all stories on this topic »
MONEY WEEK AHEAD:Investors Willing To Pay For Safety Of US Debt
Wall Street Journal
By Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Investors seeking shelter from the euro-zone debt crisis are pushing safe-harbor Treasury-bill yields so low they are lending to the US government for free, or even paying a small fee to do so ...
See all stories on this topic »
Eurozone needs to buy time for Greece: Merkel
Ahram Online
German Chancellor Angela Merkel has said eurozone countries need to give Greece time to find a solution out of its debt crisis, warning that a debt restructuring could have dire consequences. "It is in Europe's common interest to give Greece time," ...
See all stories on this topic »
Has Greece Been Prescribed Bad Medicine For Crisis?
NPR
"The crisis is getting worse. It deepened in Greece; it spread its wings to the rest of the eurozone. It's doing this as we speak," says economist Yanis Varoufakis. He says with the economy shrinking by 4 percent this year, sovereign debt is spiraling ...
See all stories on this topic »
Is Gulf insulated from Eurozone debt woes?
gulfnews.com
By Babu Das Augustine, Deputy Business Editor The Gulf region learned the lesson the hard way that there is nothing called a perfect insulation from global events during the last financial crisis after living through a period of denial. ...
See all stories on this topic »
Mario Draghi secures European Central Bank job
Taipei Times
EU leaders appointed Draghi the next president of the European Central Bank, officials said on Friday at a summit focused on the eurozone debt crisis. Bank of Italy Governor Mario Draghi dodged last-minute French objections to secure the European ...
See all stories on this topic »
Where in the World to Find Yield?
Barron's
... still quaking at Europe's debt mess, keep pouring into Treasuries, pushing yields to new lows. Like the Concorde, the credit markets' flight to quality has broken the sound barrier. The euro-zone debt crisis and continued slump in US housing sent ...
See all stories on this topic »
Slovak PM says Greece is 'de facto' bankrupt
Reuters
European Central Bank policymaker Juergen Stark said on Friday that Greece's rescue package gives Athens a "last chance" in its debt crisis as aid programmes cannot be continued endlessly. (Reporting by Martin Santa; Editing by Toby Chopra)
See all stories on this topic »
Wall Street sinks on Europe's debt misery
Economic Times
NEW YORK: Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value. The Dow industrials and the S&P ...
See all stories on this topic »
Chinese Prime Minister Offers Support for Euro
ABC News
By PABLO GORONDI AP Chinese Prime Minister Wen Jiabao has offered his country's support for Europe and its common currency amid the eurozone's debt crisis. Wen says China is a long-term investor in the European sovereign debt market and has purchased a ...
See all stories on this topic »
Indian stocks rally for first week in three
MarketWatch
The S&P/CNX Nifty index gained 2.8% to 5471.25. Chinese Premier Wen Jiabao visits Europe as the region grapples with a debt crisis centered in Greece. China is expected to discuss euro-zonedebt and help restore confidence in the markets. ...
See all stories on this topic »
CANADA FX DEBT-C$ hit by Greek woes, oil price; bonds rise
Reuters
Investors worried that Greece's parliament may not pass the austerity measures needed for the country to secure more bailout funds to help it out of its sovereign debt crisis. In addition, the commodity-linked Canadian currency was hit for a second day ...
See all stories on this topic »
Greece as EU soft spot
The Voice of Russia
But analysts believe that Greece will default anyway and that the entire Eurozone will break up. Brussels is trying to prove the opposite. The Greek Government has adopted a package of anti-crisis moves to cut the budget by 28.8 billion euros by 2015. ...
See all stories on this topic »
Greece crisis: Is the eurozone a field of dreams?
BBC News
That's how we have arrived at the crisis with Greece struggling desperately to reform enough and cut enough to earn massive bail-outs which will stop it going bust. From here the eurozone could go two ways, the countries which are not part of the ...
See all stories on this topic »
Greek contagion – analyst says bankruptcy is certain
ABC Online
... if the IMF and the EU do try to dig it out of its economic crisis. Charles Grant is the director of the Centre for European Report. Not only does he say a Greek debt default is inevitable, he can't see a future for the Euro zone with Greece in it. ...
See all stories on this topic »
Italy fears lift dollar, hurt euro
Channel News Asia
NEW YORK - The dollar rose against the euro on Friday as unexpected signs of weakness emerged in Italy, shaking confidence in the eurozone and compounding worries about the Greek debt crisis. The dollar was trading for $1.4195 to the euro at 1800 GMT ...
See all stories on this topic »
A rally, subject to dips: Weekly Market Report
Moneylife Personal Finance site and magazine
Global events like the International Energy Agency releasing strategic crude stockpiles to overcome the supply disruptions from Libya and easing of the Greek debt crisis helped to offset the rise in weekly food inflation on the domestic front. ...
See all stories on this topic »
Will Euro Traders be Pacified by Possible Short-Term Greece Fixes?
Daily FX
This past week, region averted another potential crisis. After EU Finance Ministers failed over the weekend to agree to the next round (tranche) of aid for Greece, investors were anxiously awaiting the results for the nation's confidence vote. ...
See all stories on this topic »
Germans, Prizing Virtues of Saving, Find Euro Bailouts Hard to Swallow
Wall Street Journal
His behavior, multiplied across the population of Germany, Europe's biggest economy, helps explain the economic imbalances that have fed the euro zone's crisis. Berliner Niko Strogies recently bought his car with cash—a move that is typical in a ...
See all stories on this topic »
Martin Rowson on Britain, the eurozone and Greece - cartoon
The Guardian
It is fascinating to see that the media has been following the events in Greece as if there were no real political challenge and crisis and above all a significant social movement not only in Greece but in the rest of Europe, now preparing itself to ...
See all stories on this topic »
Bravado masks fatalism among Britain's Greek diaspora
The Guardian
Mervyn King's report for the financial policy committee was warning that the collapse of the eurozone was the biggest threat to the British economy (the extent of the banks' exposure to sovereign debt may be small, but a crisis of confidence would ...
See all stories on this topic »
FTSE shrugs off banking sector woes
expressandstar.com
... could suffer contagion from the eurozone debt crisis. The FTSE 100 Index made a positive start to Friday, climbing more than 80 points at one stage, after being boosted by news that Greece had agreed a five year austerity plan with the EU and IMF. ...
See all stories on this topic »
Fresh Sgns of Global Slowing Keep Risk Down
Action Forex
The RBA seems to have gotten the picture, as the most recent minutes indicated rates are to remain on hold due to global backsliding and risk from the Eurozone debt crisis. And the BOE also appears to have seen a subtle shift, with some MPC members ...
See all stories on this topic »
No fun, games or flying PIGS at this Brussels summit
Irish Independent
And the minds of the 27 EU leaders were concentrated even further by a seriously doom-ridden warning from the European Systemic Risk Board on Wednesday, which announced that the debt crisis could spread to the already fragile banks. ...
See all stories on this topic »
Germany needs a new EU narrative
Irish Times
His influential suggestions that partial debt forgiveness, a small fiscal union and a eurozone bond would resolve the crisis do not therefore get a hearing. Whereas foreign policy used to drive domestic politics in Germany's approach to Europe, ...
See all stories on this topic »
Greece for sale
BBC News
As Greece struggles with the sovereign debt crisis which is threatening the stability of the entire Eurozone, austerity is biting deep. And the shipyards of Piraeus are on the front line. About 20% of union members have had their electricity cut off at ...
See all stories on this topic »
ECB's Mersch says Greek default would bring 'chaos'
Reuters India
Mersch, who is the head of Luxembourg's central bank, also criticised Europe's decision-making process on handling the debt crisis. "There are too many conflicting interest around the table... It does not create a very conducive environment for common ...
See all stories on this topic »
Dollar On the Verge of a Market-Wide Rally as QE2 Set to Expiring
Daily FX
Currently, it is at the very bottom of the totem – hence its hobbled efforts to rebound from its lowest overall levels since the global financial crisis back in 2008. Yet, if and when this reversal takes place; the greenback will find itself leading ...
See all stories on this topic »
ÖzyeÄŸin: Greece does not have enough assets for EU privatization deal
Today's Zaman
Hit by the country's debt crisis, Greek banks face challenges on many fronts, including shrinking deposits, closed interbank funding, rising loan write-downs and losses on government bond holdings. When asked if he is considering buying a bank in...
See all stories on this topic »
Nine Reasons Why Spain's Economy Is More Different Than You Think!
EconoMonitor
Two factors have accounted for this sharp drop, a fall in imports and a reduction in interest servicing costs on the external debt. Exports have returned more or less to their pre crisis high (see below), while imports dropped sharply and have not ...
See all stories on this topic »
The War Against Savers
Wall Street Pit
On a slightly different level, I'm not sure that the banking regulators in the US or Europe really got the main lesson from the crisis. Risk management is liquidity management. I still think that banks rely too much on short liabilities to finance ...
See all stories on this topic »
Remarks by President Van Rompuy following the first session of the European ...
IEWY News
With this stronger economic policy coordination, the Union draws the big lesson of the sovereigndebt crisis in the Eurozone: interdependence, the fact that the decisions of one country affect all the others, especially for those sharing the euro. ...
See all stories on this topic »
The Week in Review
theTrumpet.com
It may not be running a large budget deficit, but the government's debt is 120 percent of gross domestic product. The worries about Italy and Belgium show that the euro crisis is far from over. Just last month the EU gained speaking rights in the ...
See all stories on this topic »
Are the Euro bailouts legal?
Money Market (blog)
... of the eurozone crisis, flouts the 'no bailout' clause in the Maastricht Treaty which forbids one EUmember state becoming liable for the debts of another. Cash was speaking at the rally on May 12th aimed to highlight the reality of the UK's debt ...
See all stories on this topic »
CHF/JPY Ascending Channel Provides Swing Trading Opportunity
Daily FX
On the other hand, the Yen gains when global sentiment is risk-averse, not just Europe. Accordingly, as the Greek debt situation has eroded rather quickly the past week, the Franc has been resilient, gaining across the majors. With the debt situation ...
See all stories on this topic »
Gold to Fall Further on Easing Inflation Bets, US Dollar Gains
Daily FX
... US, Europe) and resurfacing Euro Zone debt crisis fears. The price of gold on global markets is denominated in US Dollars, so appreciation of the benchmark currency produces de-facto headwinds for the yellow metal. EU policymakers unveiled a second ...
See all stories on this topic »
The world, as Roubini sees it
Business Times (subscription)
And like elsewhere, the losses will end up on the books of the government - which could lead to theeurozone's biggest sovereign debt crisis yet. You would expect that the European Central Bank (ECB) would be trying to help the eurozone's struggling ...
See all stories on this topic »
The Greater Depression Is Now
HoweStreet.com
As the PIIGS start to default and either leave the eurozone entirely or are shunted off into some sort of sidecar organization, there will be great volatility in the euro and in the European markets. The USdebt situation is far worse than anyone in ...
See all stories on this topic »
Revolution Reaches Europe: Tens Of Thousands Protest In Greece And Spain - OpEd
Eurasia Review
Understandably angered at the cuts they are being made to suffer in place of those who caused the financial crisis, Greeks of all ages, and from all walks of life, have taken over the square below the Parliament, mixing political activism with ...
See all stories on this topic »
Chinese prime minister offers support for euro - World news
BUDAPEST, Hungary (AP) — Chinese Prime Minister Wen Jiabao on Saturday offered his country's support for Europe and its common currency amid the eurozone's debt crisis. Wen said China is a long-term investor in the European sovereign ...
Mail.com: Breaking News
NewsDaily: China to remain long-term investor in Europe's debt
By James Pomfret and Marton Dunai
NewsDaily: Your best source for breaking news ... The Chinese premier is visiting Europe as the euro zone grapples to contain Greece's worsening debt crisis and possible default which analysts fear could roil global markets and trigger another financial crisis. China has large holdings of euro-denominated assets in its vast $3.05 trillion foreign reserves and is desperate to do what it can to preserve the value of its holdings, though analysts say the extent to which ...
NewsDaily: Top Headlines
Chinese prime minister tours Europe - UK news by mail.com
... five-day tour of Hungary, Britain and Germany, its timing — coming as Europe hammers out a plan to battle the eurozone debt crisis — means that a political statement from Wen in support of the stability of the euro is highly likely. ...
Mail.com: Breaking News
Chinese prime minister offers support for euro (AP) | Wall Street ...
By Yahoo! News: Business - European Economy
AP - Chinese Prime Minister Wen Jiabao has offered his country's support for Europe and its common currency amid the eurozone's debt crisis. Short URL: http://www.wallst.net/?p=141023. Posted by Yahoo! News: Business - European Economy ...
Wall Street Financial News
Greek debt crisis fears trigger flight to safety as euro, markets ...
By marketmaker
Mark O'Byrne submits: The euro, global equities and bonds in peripheral Eurozone countries are all lower this morning on heightened concerns about the debt crisis in the Eurozone. The euro has fallen against all currencies and is now at ...
Bullfax.com - Market News & Analysis
Dailymotion - Euro zone debt crisis warning from UK - une vidéo ...
There are warnings over the euro zone's debt crisis from a Bank of ... News & Politics. Uploaded on 24/06/11. Recorded on 25/06/11 ... EU leaders have appointed Italy's Mario Draghi as the next president of the European Central Bank. ...
www.dailymotion.com/.../xjiei6_euro-zone-debt-crisis-warnin...
FACTBOX-Coming events in euro zone debt crisis | Reuters
June 17 (Reuters) - Following are upcoming events linked to the debt crisis in the euro zone:EUROPEAN UNION: --------------- -- June 19 - Eurogroup evening ...
in.reuters.com/.../eurozone-events-idINLDE66D1JB20110617
One True LoveBorn This Way (Special Edition)21Dream With Me

No comments: