| China promises EU "helping hand" with debt crisis Reuters By James Pomfret and Stephen Brown BERLIN (Reuters) - Chinese Premier Wen Jiabao offeredEurope a "helping hand" with its debt crisis during a visit to Germany on Tuesday and said his country could buy the sovereign debt of some troubled euro zone ... See all stories on this topic » | ||
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| ECB's Bosses Have Overstepped Mandate Wall Street Journal By Clemens Fuest More than a year has passed since the start of the Greek debt crisis. This should have been enough time for Europe's political leaders to develop some strategies. But it seems that the European Central Bank and the national governments ... See all stories on this topic » | ||
| Eurozone have 'Plan B' for Greek debt crisis in case austerity vote fails Herald Sun "If the Greek vote is positive, the rest will follow," the EU official said. German Finance Minister Wolfgang Schaeuble indicated that the eurozone was preparing for the worst and would cope even if Athens defaulted on its debt. ... See all stories on this topic » | ||
| Intesa Sanpaolo CEO Sees Euro As Strong Currency, Eyes Bigger China Presence Wall Street Journal BEIJING (Dow Jones)--Corrado Passera, chief executive of Italian lender Intesa Sanpaolo SpA (ISNPY), said Tuesday he doesn't expect any country to exit the euro zone, and the euro will continue to be a strong currency. The Greek debt crisis needs to be ... See all stories on this topic » | ||
| Greek Debt Contagion Could Top Lehman Crisis: Deutsche Bank CEO AdvisorOne The head of Deutsche Bank warned that if the crisis in Greece spreads to the rest of the euro zone, it could be a bigger disaster than the fall of Lehman Brothers. Reuters reported that Josef Ackermann, CEO of the bank, speaking at a Monday event, ... See all stories on this topic » | ||
| PRECIOUS-Gold edges above $1500/oz as euro, oil recover Reuters Prices remain rangebound, however, as traders seek clarity on the euro zone debt crisis and the subsequent direction of the euro. Gold is closely linked to fluctuations in the foreign exchange markets, as it is often traded as a currency. ... See all stories on this topic » | ||
| Gold Bullion Price Rebounds, Dollar "Looks Strong" Despite Debt Deadlock, Euro... BullionVault "[But] the Dollar is still looking strong in the face of the Eurozone debt crisis," says Hou Xinqiang, analyst at Jinrui Futures in China, adding that the Dollar's strength means "gold is facing more downside pressure in the short run. ... See all stories on this topic » | ||
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| Asian Shares Mixed, Greece In Focus; Oil Stocks Struggle Wall Street Journal Wall Street's gains on Monday and optimism that euro-zone officials were moving closer to a resolution to the debt crisis in Greece offered some encouragement to buyers in the region. Still, the recent volatility in markets is likely to persist until a ... See all stories on this topic » | ||
| Stocks gain ground in twitchy trading Financial Times Stocks are seeing strong gains, helped by a firmer euro, but the mood remains twitchy as investors await developments on the Greek debt crisis. Risk assets have stabilised and then rallied as some in the market hope a damaging eurozone sovereign debt ... See all stories on this topic » | ||
| Germany, China stress support for euro Forbes Germany and the rest of the 17-nation eurozone are grappling with Greece's deepening debt crisis. China has said repeatedly that "when Europe has difficulties, we reach out our helping hand," Wen said at a joint news conference. ... See all stories on this topic » | ||
| Greece: First Domino in a Crumbling Eurozone Seeking Alpha Jamie Dimon, CEO of JP Morgan (JPM), recently made some interesting remarks on the Greek debt crisis. Not only does Dimon believe that Greece won't default, he maintains that if it does, it will merely be a minor blip: I don't think [a Greek default ... See all stories on this topic » | ||
| EURO GOVT-Bunds ease, investors await for Greek vote Reuters That was part of 7.9 billion euros worth of Italian debt put on auction on Tuesday. There are growing concerns that Italy and Spain may no longer be immune to contagion from the debt crisis that prompted Greece, Ireland and Portugal to seek financial ... See all stories on this topic » | ||
| BOE Has Euro-Zone 'Contingency Plans' Wall Street Journal The Bank of England's new Financial Policy Committee said Friday following its inaugural meeting that the euro-zone debt crisis was the biggest threat to UK financial stability. The FPC, established as part of an overhaul of UK financial regulation, ... See all stories on this topic » | ||
| Why Greece is not Argentina Fortune (blog) FORTUNE -- This week, all eyes are (still) on Greece's debt crisis. The country edges toward a possible default if the government fails to pass an austerity plan that asks citizens to make due with $111 billion worth of budget cuts and asset sales as ... See all stories on this topic » | ||
| RBA more likely to sit Greek crisis out Sydney Morning Herald Private banks, who are owed billions of euros by Greece, also began talks with European Unionofficials in Rome on how to restructure debt without causing a default that could pose severe dangers for the eurozone and global markets. See all stories on this topic » | ||
| Brevan Howard bets against euro as greece teeters MarketWatch By Neil Shah NEW YORK -(MarketWatch)- Brevan Howard Asset Management LLP, one ofEurope's biggest hedge funds, is betting against the euro as Greece's debt crisis nears a boiling point. The London-based firm, which manages over $32 billion in assets, ... See all stories on this topic » | ||
| Ailing Greece Tries National Tag Sale Wall Street Journal By CHARLES FORELLE To help get out of its debt crisis, the Greek government has come up with a way to raise some cash: Sell off everything from planes and trains to huge parcels of land along the Greek coastline. WSJ's Charles Forelle reports from ... See all stories on this topic » | ||
| Oil gains 1% on hopes for demand MarketWatch ... MarketWatch SAN FRANCISCO (MarketWatch) — Oil futures rose on Tuesday as investors turned more optimistic about the global outlook, seeing glimmers of hope for the battered US economy in a housing index and for Greece's sovereign-debt crisis. ... See all stories on this topic » | ||
| EMERGING MARKETS-Assets stabilise, Turkish stocks rise Reuters Africa The euro zone debt crisis has increasingly been hitting higher-yielding emerging markets, particularly in neighbouring countries in central Europe. "The main story is Greece, it's putting pressure on all currencies in the region," said Manik Narain, ... See all stories on this topic » | ||
| Spain's leader gives swansong address amid crisis Times of Oman Fears of a Greek sovereign debt default have infected investors, who demand higher returns before buying the debt of other debt-troubled euro zone countries such as Spain. The risk premium on Spanish 10-year bonds compared to safer-bet German bonds hit ... See all stories on this topic » | ||
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| Supavud warns of host of risk factors to Thai economy during second half of year The Nation Factors to watch in the second half will be the handling of the US government-debt situation, US monetary policy, the risk of a delayed recovery in Japan, the public-debt crisis in the euro zone, a rise in bad loans in China, and the aftermath of the ... See all stories on this topic » | ||
| Ldn FX: Euro-Dlr Reverses Slippage On China Premier Comments IMarketnews.com CHINA: News items out of China, * CHINA PM: Aim to double China-German trade flows in 5-years - Believes Europe will overcome crisis * CHINA PRESS: The ongoing increased pace of yuan appreciation risks the currency becoming overvalued in the short-term ... See all stories on this topic » | ||
| Tokyo Shares End Higher On Greece Outlook, Nissan Off On Profit-Taking Wall Street Journal By Judy Lam Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--Tokyo stocks rose Tuesday as optimism on the Greek debt crisis lifted exporters including Olympus, while Nissan Motor fell on profit-taking after the company laid out its midterm business plan. ... See all stories on this topic » | ||
| Seoul shares rise amid Greek optimism, foreign buying Reuters By Jungyoun Park SEOUL, June 28 (Reuters) - Seoul shares rose on Tuesday helped by growing optimism that progress is being made on tackling Greece's debt crisis, with rises led by technology stocks and crude oil refiners including Samsung Electronics ... See all stories on this topic » | ||
| Seoul shares seen higher amid Greece optimism Reuters SEOUL, June 28 (Reuters) - Seoul shares may open higher on Tuesday after gains on Wall Street, helped by growing optimism that progress is being made on tackling Greece's debt crisis. "The market will probably start off in positive territory as hopes ... See all stories on this topic » | ||
| Pan American Metals of Miami Says Ongoing Crisis in Greece Helps Gold Prices 1888 Press Release (press release) On the one hand, the euro is rapidly losing credibility, causing people to sell euros and buy dollars. This causes the US dollar to rise, which tends to make gold less attractive. On the other hand, concerns over euro zone debt help drive investors ... See all stories on this topic » | ||
| Shilling: Why China's Heading for a Hard Landing, Part 2 Bloomberg Tan also discusses Europe's sovereign debt crisis, Asia's banking industry, and Federal Reserve monetary policy. She speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg) China has become an economic giant ... See all stories on this topic » | ||
| All Eyes Still on Greece Debt FXstreet.com Commodities are crashing on concerns China growth may slow and the EU debt crisis could derail the Global recovery. The AUD/USD is down -1.23% currently at 1.0487 after opening at 1.0616. In the States; On Tuesday, S&P Case Shiller forecast at -3.9% vs ... See all stories on this topic » | ||
| GLOBAL MARKETS-Caution prevails in Asia despite Greek debt plan Reuters Beyond the crisis in Europe, where Ireland and Portugal are also struggling under the weight of their debts despite EU/IMF bailouts, there are broader worries about the strength of the global economy, with growth still weak in much of the developed ... See all stories on this topic » | ||
| Belgium urges investors to look past its politics London South East ING economist Philippe Ledent said Belgium had more to explain than many euro zone peers, with an economy far healthier than in the bloc's periphery but with political problems. He said the Belgian trip was probably prompted by the Greek crisis. ... See all stories on this topic » | ||
| Indian market is resilient Credit Agricole CIB Moneycontrol.com ... happening with respect to the debt crisis in Greece, is the fear of a contagion. With the assumption that maybe some resolution is reached, these austerity measures are passed, is atleast the debt fears in the entire peripheral euro zone put behind ... See all stories on this topic » | ||
| Euro stocks post mixed results Sydney Morning Herald Dealers said approval in Athens of the latest spending cuts and tax hikes, expected later this week, would lift a major restraint by paving the way for a second Greek bailout and, hopefully, ending the acute stage of its debt crisis. ... See all stories on this topic » | ||
| Europe's Fiscal and Political Union Train has Long Since Left the Station American Enterprise Institute Making the same proposal for greater political and fiscal union today in the midst of a major sovereigndebt crisis seems distinctly odd. Europe's political elite is experiencing the greatest of difficulties in carrying its electorate along in ... See all stories on this topic » | ||
| UK companies see GBP to EUR holding its ground Director of Finance online This in large part may be due to the sovereign debt crisis in the EU. In essence, it's not just the Greek problem itself which is the issue but the wider contagion effect on Spain and Portugal which is at stake. GBP failed to consolidate on initial ... See all stories on this topic » |
| Gold Edges Above $1500/oz as Euro, Oil Recover « Republic Monetary ... By SiteOwner Gold rose back above $1500 an ounce in Europe on Tuesday, following three days of losses, as hopes that Greece's debt crisis may be contained tempered risk aversion and helped the euro to regain some ground. Prices remain rangebound, however, as traders seek clarity on the euro zone debt crisis and the subsequent direction of the euro. Gold is closely linked to fluctuations in the foreign exchange markets, as it is often traded as a currency. ... Republic Monetary Exchange News Blog |
| War News Updates: Greece's Financial/Debt Crisis Turns Violent By War News Updates Editor Greece will face a cash shortfall in the middle of July unless it receives a EUR12 billion rescue loan payment from the euro-zone governments and the International Monetary Fund, the fifth slice of EUR110 billion in rescue loans agreed ... More News On Greece's Financial/Debt Crisis. Protesters clash with riot police in Athens strike -- Yahoo News/AP Greek protests turn violent as EU warns of default -- Yahoo News/Reuters Papandreou urges vote to 'keep Greece on its feet' ... War News Updates |
| China offers to help Europe, says Greece problem temporary | Firstpost In other words, when Europe is in difficulty we will extend a helping hand from afar,” the Chinese premier told a joint news conference with German Chancellor Angela Merkel. German President Christian Wulff (R) and Chinese ... About a quarter of China's record foreign currency reserves of more than $3 trillion are estimated to be held in euro assets and China has reiterated its confidence in the euro since the debt crisis began. Wen visited Germany on the final leg of a ... Firstpost |
| Why the Greek Debt Crisis Won't "Grow Away" By Bill Bonner Why the Greek Debt Crisis Won't “Grow Away”. By Bill Bonner · leadimage. 06/28/11 London, England – Most of investors' attention has been fixed on the Eurozone. Europeans wring their hands or curl their lips. They are worried. ... The Daily Reckoning |
| Policy dilemmas await new IMF chief Lagarde - Business - Mail ... Christine Lagarde's determination as a negotiator and experience working on the eurozone debt crisisare likely to ensure she settles smoothly into leadership of the International Monetary Fund, as the global lender faces some of the ... academic credentials as an economist that Strauss-Kahn brought to the fund, and the likelihood that she will continue the same conservative policies which have so far failed to resolve the eurozone's crisis, are a concern to some. ... Mail & Guardian News Feed |
| One In Six European Banks Set To Fail European Union Stress Tests By The Huffington Post News Editors FRANKFURT/BRUSSELS (Marc Jones and John O'Donnell) - Up to one in six European banks is set to fail an EU-wide financial health check, according to euro zone sources close to the stress-testing, as officials scramble to set up backstops ... do not pass the tests to be around that level to show the examinations are serious, said a second source, adding that the authority did not want to push for more, for fear it could spark panic and intensify the euro zone's debt crisis. ... The Huffington Post | Full News Feed |
| NewsDaily: EU warns Greece rejecting austerity means default By Harry Papachristou and Philip Blenkinsop NewsDaily: Your best source for breaking news ... However the euro was broadly steady, with fears of a default offset by signs that euro zone authorities are making progress with banks on a voluntary rollover of Greek debt. ... TAIPEI, June 22, 2011 (Reuters) — The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area deals with its debt crisis. ... NewsDaily: Top Headlines |
| Media-Whore D'Oeuvres - The Corsair By Ron This is ultimately the source of the current sovereign debt crisis, the lack of political oversight over economic integration gone wrong. The eurozone's economic crisis brought this question of Europe'spolitical fate into focus, ... Meanwhile, I'm still waiting for that electrifying new New York filmmaker who'll have the clout to force productions to be shot in his backyard despite the high union costs, and who makes Gotham relevant again on the feature scene. ... The Corsair |
| Why the Greek Debt Crisis Won't “Grow Away” By The Daily Reckoning Most of investors' attention has been fixed on the Eurozone. Europeans wring their hands or cur... ...Why the Greek Debt Crisis Won't “Grow Away”. The Daily Reckoning | Jun. 28, 2011, 1:45 PM | 0 |... There is no plausible growth rate that will make it possible for the Greeks to 'grow their way out' of this debt. All they can do is default, one way or another. Americans who take the trouble to look across the Atlantic gloat. They knew the euro would never work out. ... Business Insider |
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| China promises EU "helping hand" with debt crisis | Azadnegar ... Azadnegar International Free News Agency ... As on previous occasions when talking about euro zone debt, Wen did not give specific ... held in euro assets and China has reiterated its confidence in the euro since the debt crisis began. ... www.azadnegar.com/.../china-promises-eu-helping-hand-debt-... |
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