 BullionVault Likewise, in the Eurozone debt crisis, it is the value and reliability of the Euro outside of Europethat will affect gold and Silver Prices. The consequences of nations being over-borrowed are that currencies cannot represent stable value. ... | ||
| Is Germany Turning Into the Strong, Silent Type? Wall Street Journal Last year, Ms. Merkel was criticized around Europe for holding up the euro zone's response to itsdebt crisis, earning the moniker "Madame Non" for her rejection of pleas for help. This spring, Ms. Merkel tried to take charge and solve the crisis. ... See all stories on this topic » | ||
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| French banks reach Greek debt deal, others see blueprint Reuters Last week, he was in Athens to discuss the debt crisis. The Greek parliament is due to hold crucial votes on Wednesday and Thursday on a new five-year austerity plan and legislation to implement structural reforms and privatisations vital for the EU ... See all stories on this topic » | ||
| Exclusive: Greek woes may eclipse Lehman-Ackermann Reuters ... to deal with international debt crisis, cautioned politicians against rushing a deal with the private sector. European leaders have said they want precise figures on private creditor involvement by a July 3 meeting of euro zone finance ministers. ... See all stories on this topic » | ||
| Chinese premier to visit Berlin amid euro crisis Deutsche Welle Before his trip to Europe began last week, Chinese Premier Wen Jiabao explained to his government that solving Europe's debt crisis would be of great interest to China. Hong Lei of the Chinese Foreign Office stated that "China is ready to help European ... See all stories on this topic » | ||
| BoE chief: Eurozone crisis threatens UK financial stability MindfulMoney The boss of Goldman Sachs Jim O'Neill has urged Euro zone politicians and financiers to be bolder in tackling the crisis writing here in the Telegraph. "If Europe's policymakers were collectively truly committed to Greece staying in the eurozone and ... See all stories on this topic » | ||
| Spain, Italy suffer most from Greek debt crisis: Madrid Expatica Spain But the country's debt level is still relatively low compared to its euro zone neighbours -- the average debt-to-GDP ratio of the 17 eurozone countries stood at 85.1 percent at the end of 2010 -- and it trails the levels reached in Greece, ... See all stories on this topic » | ||
| Greek debt restructuring could eclipse Lehman: ECB's Stark Economic Times Meanwhile, Stark said that euro zone's economic recovery remained self-sustaining despite the region's debt crisis. However, reiterating the bank's fears over a Greek default, he said the euro zone's economy was recovering without the aid of support ... See all stories on this topic » | ||
| Debt travails add urgency to eurocrats' angst Financial Times Now, she said, it felt as though the EU was “disintegrating”. Even before the crisis, it was considered polite conversation in Brussels to bemoan the sorry fate of Europe – preferably over a three-course lunch. The bloc has run out of big, ... See all stories on this topic » | ||
| Italy raises funds but at higher rates RTE.ie Italy had to pay much higher rates to raise fresh funds today as nervous investors kept a wary eye on the Greek debt crisis amid fears it could drag down other euro zone members. The Italian treasury issued €8 billion in six-month bonds and €2.5 ... See all stories on this topic » | ||
| Traders Cautiously Eye Greek News, Stocks Edge Higher Fox Business By Adam Samson The markets moved higher as traders cautiously kept tabs on the euro zonesovereign debt crisis and took advantage of bargains following Friday's selloff. As of 9:48 am ET, the Dow Jones Industrial Average climbed 45.2 points, or 0.38%, ... See all stories on this topic » | ||
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| BIS says Europe must 'finish the job' on debt MarketWatch ... the continent's debt crisis "once and for all." The Bank for International Settlements, a Basel-based group sometimes considered to be the "central bank of central banks," said in its annual report that fiscal problems in the euro zone's periphery ... See all stories on this topic » | ||
| Asia stocks slide on Greece debt concerns; Nikkei down 1% Business Insider A brief suspension in trading of Italian bank shares on Friday added to concerns that the region'sdebt crisis could spill over to peripheral euro zone member states. Shares in the financial sector came under further pressure after the Basel Committee ... See all stories on this topic » | ||
| Asian Shares Mostly Down On Europe Woes; Oil, Bank Plays Weak Wall Street Journal The euro remained under pressure as traders kept a wary eye on euro-zone debt woes and potential contagion after the Moody's announcement on Friday put a spotlight on Italy's financial system. Worries that Greece's debt crisis may be spreading outside ... See all stories on this topic » | ||
| Some European Insurers Could Face Heavy Losses Wall Street Journal Before Europe's fiscal crisis erupted last spring, many insurance companies gorged on bonds issued by governments and banks from around the euro zone. It seemed like an easy and low-risk way to generate higher returns for investors and policyholders. ... See all stories on this topic » | ||
| Nikkei falls as Greece worries spur bank jitters Reuters ... as euro zone debt worries weighed on markets before a crucial parliamentary vote in Greece this week, with investors fretting over fallout from the debt crisis in the banking system. Bank shares came under pressure as their peers in Europe were ... See all stories on this topic » | ||
| Market Comment 27th June 2011 Market Moves Bank of England Governor Mervyn King put pressure on the British pound on Friday, reiterating investors' fears about UK financial stability being dangled above an abyss by the euro zone debt crisis. It's not as if financial market participants can take ... See all stories on this topic » | ||
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| Soros: 'We are on the verge of an economic collapse' Globe and Mail Whatever happens, though, the debt crisis in the euro zone is far from over. Greek politicians are debating a new round of austerity measures tied to the country's bailout, after an agreement on targets between Athens and the threesome of the EU, ... See all stories on this topic » | ||
| OIL FUTURES: Crude Prices Decline As Greece, IEA Weigh Wall Street Journal Brent crude on the ICE Futures Europe exchange fell $1, or 0.1%, to $104.12 a barrel. Global markets are on edge as the Greek parliament votes later this week on additional austerity measures aimed at tackling the country's debt crisis. ... See all stories on this topic » | ||
| Namibia economy sputters in first quarter FreshPlaza He admitted that rising inflation now posed serious challenges to growth, adding that the biggest threat to Namibia's narrowly diversified economy is from the debt crisis engulfing the euro zone. TheEuropean Union is a major market for Namibia's ... See all stories on this topic » | ||
| BASE METALS: Copper Falls As Greek Concerns Remain Wall Street Journal By Amy D'Onofrio Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Copper futures followed crude oil lower Monday amid lingering concerns about Greece's debt crisis. The most actively traded contract, for July delivery, was recently down 5.00 cents, ... See all stories on this topic » | ||
| Euribor rates slip as Greece feeds ECB rates review Reuters While it is back to its pre-crisis range of funding operations, the euro zone debt troubles are preventing it from further normalisation. Three-month loans are again the longest maturity on offer and banks have now paid back all the six-month and ... See all stories on this topic » | ||
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| Bourse declines on global concerns following Dow's fall The Australian "Amazingly, somehow the Australian equity market has corrected more than any other major developed-world market in what is a euro-zone debt crisis," Mr Aitken said. "That is despite the RBA moving to a neutral cash rate stance, inflationary pressures ... See all stories on this topic » | ||
| Private sector debt default inevitable, say analysts Irish Times A “PLAN B” in the European sovereign debt crisis will eventually result in a default on as much as 82 per cent of Irish private sector debt, according to an analysis by Citi Economics. The report states that haircuts for private sector investors in ... See all stories on this topic » | ||
| Stockmarket falls ahead of crucial Greek vote on alleviating debt The Australian Asian stock markets were mostly lower as investors fretted about the possibility of contagion from the Greek debt crisis, with many of the regional oil and financial stocks taking a beating. Japan's Nikkei Stock Average was recently down 0.9 per cent, ... See all stories on this topic » | ||
| Guardian CFD's Pre Market Briefing Proactive Investors UK On Friday, the GBP retreated against the USD, losing 0.39%, to close at $1.5959, after the Bank of England (BoE) indicated that the sovereign debt crisis in the Euro-zone poses significant threat to the financial stability in the UK. ... See all stories on this topic » | ||
| Sovereign CDS Market Should Not Be Ignored Wall Street Journal (blog) The European Commission has proposed restrictions on shorting sovereign debt via CDS if an investor does not own the underlying bonds. In May 2010, when the euro-zone sovereign debt crisisfirst erupted, Germany banned these “uncovered” shorts for a ... See all stories on this topic » | ||
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| FTSE 100 holds steady ahead of Greek austerity vote Proactive Investors UK The next payout from the EU and IMF is seen as Greece's only hope to remain solvent. Equity markets in Europe and the US have been pressured by fears that contagion from Greece's debt crisis may destabilize the euro zone and send the global economy ... See all stories on this topic » | ||
| S&P - 1 day chart Proactive Investors UK The Nikkei stock average fell (-1.04%) on Monday, as Eurozone debt worries weighed on markets before a crucial parliamentary vote due in Greek this week, with investors fretting over fallout from thedebt crisis on the banking system. ... See all stories on this topic » | ||
| Greece must be strengthened, Faymann warns Austrian Independent Social Democratic (SPÖ) Chancellor Werner Faymann has claimed Austria would be worse off if theEuropean Union (EU) allowed Greece to go bust. The Social Democrat once more defended the financial support for the debt-stricken Eurozone member in a TV ... See all stories on this topic » | ||
| New Greek bailout talks to take two weeks—EU Commission Inquirer.net Greece has struggled to tame its debt crisis despite a 110-billion-euro bailout granted by theEuropean Union and International Monetary Fund last year. Greek Prime Minister George Papandreou has requested a second financial lifeline and said after an ... See all stories on this topic » | ||
| Asian Markets Trade Notably Lower On Greek Worries RTT News (RTTNews) - Asian stock markets are mostly trading notably lower on Monday with investors pressing sales amid lingering worries about the debt crisis in the euro zone. Though most of the markets posted strong gains on Friday after the European Union, ... See all stories on this topic » | ||
| Bruce Arnold: We must reject calls to accept more EU control of our budgets Irish Independent Ireland is an imprisoned victim, working to save the euro and not being paid for it, carrying a huge European debt and not seeing Europe shouldering its proper share of our burden. Sutherland had the good grace to admit that the response of European ... See all stories on this topic » | ||
| The Divided States of America Moneyshow.com Poor old Europe. Poor, broken, divided, and self-deluding Europe. It's easy to feel smug about the European debt crisis from the relative safety of North America. From here, it's obvious that Greece will never cut its way out of its debt trap, ... See all stories on this topic » |
| How does the Eurozone crisis boost Gold & Silver? Over the last year, perhaps the greatest concern of the developed world markets has been theEurozone debt crisis and its effect on the euro. It has brought into sharp focus the seriousness of a nation's debt situation. ... The reputation and confidence in the euro has been savaged by the whole process. It's not over yet. Gold and silver prices moved up on the bad news from Europe and have stayed there even after the Greek Prime Minister won his vote of confidence. Why? ... Contrary Investors Cafe |
| Family firms blast Merkel over debt crisis - The Local A coalition of 100 family businesses has issued a “Berlin declaration” slamming the Merkel government's handling of the debt crisis and demanding that serious debt sinners such as Greece be thrown out of the union. ... The family firms' chief complaint is that politicians have not stuck to theeurozone's founding principles: that governments must not break a specific debt ceiling and that no country is responsible for the debt of others, as per the famous “no-bailout ... The Local - Germany's news in English |
| NEW EU DEBT CRISIS SHOCK: Hats off to Homburg | The Slog By John Ward Top German economist lifts lid on eurobank legal stitch-up. In an astonishing development in theEU/Greece fiscal crisis saga this morning, leading economist Stefan Homburg told Der Spiegel that ANY EU bank involvement in sovereign ... The Greek GDP is valued at around $350bn, some ½% of global GDP – and less than 3pc of the eurozone. Greek debt all up is around $450bn. A crewcut level of debt forgiveness for Greece – or restructuring of timelines – would have the global ... The Slog |
| German Dep FinMin: Euro zone debt crisis is not a currency crisis ... German Dep FinMin: Euro zone debt crisis is not a currency crisis, not a euro crisis. By Gerry Davies || June 27, 2011 at 08:14 GMT. || 0 comments || Add comment. Euro zone budget situation better than in Japan and U.S. ... faces a make-or- break week in which he seeks to steer a draconian austerity bill through... Adje: Morning Sean. I just woke up ( EU ) First thing I do is ALWAYS read back what you've wrote so It helps me get going into Europe. Thanks. ... ForexLive |
| Daily FX Market Outlook by AceTrader-27-6-2011 - Blogs - DailyFX ... By AceTrader The pound tracked euro's intra-day movement closely. Although cable rebounded from intra-day low of 1.5952 to a session high of 1.6046 in European morning before ratcheting lower to 1.5963 on concerns over Greek debt crisis, price traded ... In other news, European Union leaders appointed Italy's Mario Draghi who will replace France's Jean-Claude Trichet, Present ECB chief will step down at the end of October, as the next president of the European Central Bank on Friday ... DailyFX Forex Forum | FX Forum - Blogs |
| ekathimerini.com | French banks agree to roll over Greek debt ... French banks, among the most exposed to the Greek debt crisis, have reached an outline agreement to roll over holdings of maturing Greek bonds as part of a wider European plan to avoid sovereign default. French President Nicolas Sarkozy ... ekathimerini.com : Latest News |
| China Moves to Save Euro – Patriot Update By Jennie Jones China Moves to Save Euro. June 27, 2011. chinese premier. It is in the interest of cash-rich China to help resolve the eurozone debt crisis, but Chinese premier Wen Jiabao, who is visiting Britain and Continental Europe, ... Patriot Update |
| Euro Crisis Debt Greek European | The News Portal Tag Headline: Euro - Crisis - Debt - Greek - European ... The Stoxx 50 index of leading Eurozonecompanies increased in afternoon trading by 1.42 ... Bonds of Europe's most-indebted nations fell and debt-insurance costs jumped to ... thenewsportal.net/?p=1003494 |
| Weekly Money Market Review: Eurozone debt crisis continues ... menafn: (MENAFN - Arab News) The US dollar surged against a basket of currencies ... Digg This Article: Weekly Money Market Review: Eurozone debt crisis ... The Euro recouped some of its losses by Friday, as the EU leaders agreed to ... www.menafn.com/qn_news_story_s.asp?StoryId=1093424497 |
| Euro zone debt crisis warning from UK : Euronews Euro zone debt crisis warning from UK There are warnings over the euro zone's ... The official YouTube page for Europe's leading international news channel ... www.channels.com/.../Euro-zone-debt-crisis-warning-from-U... |
| Boost for Europe as China's leader pledges support for single currency Scotsman ... for Europe and its common currency amid the eurozone's debt crisis centring ... economist at IHS Global Insight, added: "It is obviously welcome news to ... |
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