 Merkel: Europe Will Beat Debt Crisis Wall Street Journal By PATRICK MCGROARTY BERLIN—German Chancellor Angela Merkel said Wednesday thateuro-zone leaders would be able to overcome the bloc's ongoing debt crisis, even in the face of difficult decisions that pit national interests against those of the ... See all stories on this topic » | ||
| German Finance Minister: Tax Payers, Investors Must Cooperate On Euro Aid Wall Street Journal ... Schaeuble said euro-zone tax payers and private investors need to devise a "fair sharing" of the burdens of providing aid to nations such as Greece, and that the global financial crisis won't be quelled until the bloc's debt crisis is overcome. ... See all stories on this topic » | ||
| In Europe, late bill payments add to the squeeze Reuters "If there's a downturn or a shock -- maybe that a generalized debt crisis in Europe might provoke -- then it would crystallize a lot of these difficulties and send the whole credit structure toppling." Intrum Justitia says 28 percent of 6000 companies ... See all stories on this topic » | ||
| European shares end higher on Greek austerity vote Reuters The heavyweight banking sector, which has been hit heavily by the sovereign debt crisis in the euro zone's peripheral nations, pared session gains on profit taking after the vote. The STOXX Europe 600 Banks index , which has fallen 20.8 percent since ... See all stories on this topic » | ||
| Fed extends currency swap lines with ECB - WSJ Reuters NEW YORK, June 29 (Reuters) - The Federal Reserve extended its program to provide emergency currency swap lines to the European Central Bank last week as the euro zone's sovereign debt crisis deepened, the Wall Street Journal reported on Wednesday. ... See all stories on this topic » | ||
| Europe drifting to an inevitable, disastrous crisis Daily News & Analysis In little over a year since the announcement of Greece's debt problems, the European debt crisis has ebbed and flowed with markets oscillating between euphoria (resolution) and despair (default or restructuring). The European Union's (EU) 'confidence ... See all stories on this topic » | ||
| French Devise a Plan to Suit the French Wall Street Journal (blog) By Alen Mattich No one seems to quite understand how the French plan for solving Greece's debt crisis works. Anyone who's ever read modern French philosophers, Foucault, Derrida, Lacan, or had to deal with French bureaucracy or watched the corrupt ... See all stories on this topic » | ||
| ||
| IMF Outlines US Financial Sector Exposure To Greek Contagion Wall Street Journal WASHINGTON (Dow Jones)--The exposure of the US banking system to the Greek sovereign debt crisis is "relatively modest," but should it spill over into core European banks, US money market mutual funds could take a hit, senior International Monetary ... See all stories on this topic » | ||
| The Future of the Euro Seeking Alpha Finally, some have proposed the issuance of "Brady Bonds" as a solution to the current crisis. The Brady Bond concept, initially implemented to help Latin American countries expunge debt in the 1980s, would involve a net reduction of debt on existing ... See all stories on this topic » | ||
| Market prices in a "yes" in the Greek crisis vote FXstreet.com by Ivan Delgado Egea - FXstreet.com | View company's profile Hopes of a Greek debt crisis “positive resolution” set a strong bullish tone in financial markets for a second consecutive day. So far, this week has been dominated by the resumption of gains ... See all stories on this topic » | ||
| ECB Orphanides: Lack Of Governance At Roots Of Euro-Area Debt Problems Wall Street Journal Trichet said that the bloc needs a "quantum leap" in terms of economic governance, and that countries must effectively implement structural changes in the wake of the recent sovereign debt crisis. "The current management of the difficulties we have ... See all stories on this topic » | ||
| Analysis - Swiss National Bank set to fiddle while Greece burns Reuters By Catherine Bosley ZURICH (Reuters) - After enduring sharp criticism for its interventions last year, the Swiss National Bank must now stomach the franc's strong rise against the euro in the wake of the region's debt crisis and is left with few tricks ... See all stories on this topic » | ||
| China extends helping hand to Europe once again Xinhua "Since the European debt crisis broke out in Greece in 2009, China's government has adopted a series of positive measures, such as increasing its holdings of euro bonds and promoting its economic cooperation and investment in Europe, to help European ... See all stories on this topic » | ||
| Germany must play full role in eurozone crisis Deutsche Welle This crisis is not new. Senior German officeholders were well aware of Greece's debt problem way before the Greek elections of October 2009 that brought it to the fore, but they failed to utilize the tools of the - far from perfect - EMU (European ... See all stories on this topic » | ||
| Estonia rises in low-risk league Baltic Times TALLINN - Euro adoption has helped Estonia distance itself from all but the strongest European economies, in terms of credit risk, as eastern states such as Poland waver in their ardor for the currency, shaken by a sovereign-debt crisis, ... See all stories on this topic » | ||
| The 'Brady Bond' Solution for Greek Debt Wall Street Journal The Mexican standoff between European banks owning Greek debt and Greek taxpayers needs fresh thinking. I'm convinced that the only way out of Europe's financial crisis is for Germany to essentially own Greece. How did we get here? ... See all stories on this topic » | ||
| Wall Street shares rally on progress in Greek debt crisis The Australian Picture: AP Source: The Australian US stocks rallied broadly today, as investors warmed to risk assets amid signs of progress in Greece's debt crisis. The Dow Jones Industrial Average rose 145.13 points, or 1.21 per cent, to 12188.69, for the measure's ... See all stories on this topic » | ||
| EUR/CHF Tests Channel Resistance after Break from Inverted Head and Shoulder FXstreet.com A couple of questions remain in the intermediate term (this and next couple of weeks): Will the vote for austerity measure bring closure to the Eurozone debt crisis so the market can price in a hawkish ECB? Or will the market find other cracks in the ... See all stories on this topic » | ||
| PRECIOUS METALS: Gold Pares Gains After Greek Austerity Vote Wall Street Journal The euro zone is still far from a permanent solution to the high debt levels of some member states, market participants said, and the Greek parliament is slated to hold votes Thursday on individual items in the austerity legislation as well as a plan ... See all stories on this topic » | ||
| ||
| Spain's Bankia aims for $6 billion debut Reuters A delay in the flotation would be bad for the ruling Socialists as they try to reassure markets that Spain is doing its homework to avoid being dragged into the euro zone debt crisis. And the conservative opposition does not want to inherit the problem ... See all stories on this topic » | ||
| Euro zone economic confidence index falls in June Finance Markets by Kay Mitchell Greece's debt crisis continues to knock confidence after an index by the European Commission revealed sentiment fell to 105.1 in June from 105.5 in May – the lowest reading since October 2010. The fall has been attributed to the ... See all stories on this topic » | ||
| Leading Greek economist condemns bailout plan ABC Online STEPHEN LONG: A leading Greek economist says the entire strategy for dealing with the crisis inEurope is wrong. And unless policy changes, the world will face mass banking collapses, a new credit crash and the break-up of the eurozone. ... See all stories on this topic » | ||
| Fund managers see hope in Greek rollover plan Reuters By Cecilia Valente MONACO, June 29 (Reuters) - International fund managers see French proposals to roll over some Greek debt as the best way out of the eurozone crisis -- and a vital step if contagion to other countries and new systemic threats are to ... See all stories on this topic » | ||
| Group leaders give mixed response to EU summit TheParliament.com The summit was dominated by the Greek debt crisis, which threatens the stability of the 17-nationeurozone. At the end of the two-day event, EU leaders urged all Greek politicians to support new spending cuts and tax hikes, saying there is no ... See all stories on this topic » | ||
| Analysts: Euro Firms as Greek Debt Issue Kicked Down the Road IMarketnews.com "This analysis suggests that the 'buy the rumor, sell the fact' on the Greek vote may offer a better opportunity to be long euros by early-mid next week," Chandler said. "However, over the slightly longer-term, the European debt crisis is far from ... See all stories on this topic » | ||
| Why the IMF needs to reform itself Radio Australia And with the IMF heavily involved in seeking remedies for the Greek debt crisis some analysts say the appointment compromises the IMF's independence. SNOWDON: She's articulate, a lawyer and the French Finance Minister. But she isn't an economist. ... See all stories on this topic » | ||
| BASE METALS: Comex Copper Swells On Optimism For Europe Wall Street Journal ... massive financial aid package from fellow euro-zone members last year. That money is due to run out by mid-July and market watchers have compared a Greek default to the Lehman Brothers collapse of 2008, which triggered the global financial crisis. ... See all stories on this topic » | ||
| Euro Downside Risks Still Very Real Despite Expected Greek Austerity Passage DailyFX Additionally, there still remains a high level of uncertainty over the longer-term outlook for theEurozone economy in the face of the regional debt crisis and we would not expect to see the current rally in risk extend much further solely on the back ... See all stories on this topic » | ||
| Interview with Donald Tusk, the Polish premier on the eve of the country's ... Financial Times By Jan Cienski and Joshua Chaffin Financial Times: Poland is beginning its European Unionpresidency at a momentous time for the Union – the euro crisis, Schengen, north Africa. What are the scenarios and solutions? Donald Tusk: The most important task ... See all stories on this topic » | ||
| Firm commods, banks lift FTSE ahead of Greek vote Reuters ... 29 (Reuters) - Britain's leading share index pushed higher in early deals on Tuesday, building on strong gains over the past few sessions, as commodity issues and banks found support on optimism that a solution to Greece's debt crisis was near. ... See all stories on this topic » | ||
| Leaderless in Europe New York Times A fracturing of the euro could drag down the global economy. A breakdown of NATO would mean the United States would have to bear an even bigger security burden. More than a year into their debt crisis, major European leaders are still unable to make ... See all stories on this topic » | ||
| Applying the Mankiw Rule to the Eurozone Seeking Alpha If several of the weaker states were to split off from the euro, it would cause the euro to strengthen and interest rates to rise, thereby weakening exports. If this downturn were combined with a bankingcrisis, initiated by sovereign debt ... See all stories on this topic » | ||
| A look at economic developments around the globe Atlanta Journal Constitution Baroin, who is currently budget minister, inherits the task of working with other European finance ministers to find a solution to the debt crisis afflicting the eurozone. LONDON — Thousands of British schools will close and travelers will face long ... See all stories on this topic » | ||
| Allianz to decide soon on offshore wind investments Reuters He added that while Allianz Specialised Investments was targeting primarily projects in countries within the euro zone, regulatory instability and the sovereign debt crisis had affected those investment decisions. "We're currently avoiding investments ... See all stories on this topic » | ||
| Gasoline, Heating Oil Advance as Greek Austerity Plan Approved Bloomberg “Passage of the austerity budget will make some breathe a sigh of relief that the debt crisis would not spread throughout the euro zone and result in a slower economy throughout the region,” said Andy Lipow, president of Lipow Oil Associates LLC in ... See all stories on this topic » | ||
| Commodities markets summary Sydney Morning Herald World oil prices rallied as traders took their cue from buoyant stock markets and signs that Europewould hash out a deal to defuse the Greek debt crisis. New York's main contract, West Texas Intermediate (WTI) light, sweet crude for delivery in August ... See all stories on this topic » | ||
| Canadian dollar pops on hot inflation, Greece relief rally Globe and Mail Europe's debt crisis has raged for more than a year now, and it would be unwise to believe that it's going to end any time soon. Today's approval in Parliament for more tough measures only staves off a near-term credit default. ... See all stories on this topic » | ||
| LME METALS-Factors To Watch on June 29 Reuters Africa ... euro zone's debt problems. [USD/] * Brent crude steadied near $109 a barrel, on growing optimism that the debt crisis in Greece will be resolved. [O/R] * US stocks rose for a second day on Tuesday on optimism that a solution to Greece's debt crisis ... See all stories on this topic » | ||
| International Forecaster June 2011 (#8) - Gold, Silver, Economy + More Gold Seek Greece and Europe are still in crisis as the European countries scramble for a solution. The fact is that ultimately Greece has to default. The banks and other nations of the euro zone should have never allowed the situation to progress to its current ... See all stories on this topic » | ||
| FOREX-Euro rises on Greece hopes before implementation vote Reuters The Greek vote may offer a better opportunity to be long euros by early-mid next week, Chandler said. "However, over the slightly longer-term, the European debt crisis is far from resolved, and the problems in Spain and Italy need to be monitored ... See all stories on this topic » | ||
| Treasurys extend slide on tepid auction MarketWatch However, even after the latest vote in Athens, the US bond market seems likely to remain sensitive to the debt crisis in Greece, which still faces daunting challenges ahead. “This is the ultimate exercise in kicking the can down the road as the ... See all stories on this topic » | ||
| Analysis: Bad old habits plague economic forecasting Reuters "When the average error forecasting GDP shoots up from 0.1 (percentage point) pre-crisis to 0.5, you know something's wrong in the way the consensus is forecasting GDP," said Alan Clarke, economist at Scotia Capital, one of the most accurate ... See all stories on this topic » | ||
| EMERGING MARKETS-Stocks rise to near 2-wk highs on Greece hope Reuters Africa Fears the euro zone debt crisis will worsen are weighing on investors' minds, as are problems within emerging economies themselves, including social unrest in China and inflation in Turkey. Chinese stocks closed more than 1 percent lower , led by ... See all stories on this topic » | ||
| Secondary Sources: Greek Vote, Underemployment, Unemployment and Monetary Policy Wall Street Journal (blog) Even if Europe's leaders managed to overcome the political obstacles, there's no guarantee that a deeper union would solve the immediate crisis. Taking on the debts of strapped governments would push up borrowing costs for major European economies. ... See all stories on this topic » | ||
| Italy set to announce tough austerity measures in wake of Greek crisis Herald Sun The difference in the yield between Italian government bonds and German bonds has risen in recent days to its highest level since the creation of the euro, amid fears of a wider contagion from the Greek debt crisis. "The locusts of speculation are only ... See all stories on this topic » | ||
| Resources stocks pace Asia gains Moneycontrol.com ... in sell-off mode as a firmer euro and confidence in Greece eliminated some of the demand for "safe haven" assets. At the same time, risk assets rallied as some in the market hoped a damagingeurozone sovereign debt contagion crisis can be averted. ... See all stories on this topic » |
| 'Divided states of Europe' is the new political reality | Firstpost Closer unification and the creation of some sort of United States of Europe seems like the obvious solution to the problems posed by the eurozone sovereign debt crisis — although the eurozone'sproblems are many and not easily solved ... Firstpost |
| EU Debt Crisis - Solving Euro Crisis Small Change for China ... As Premier Wen Jiabao tours Europe's major capitals and euro zone policy makers grapple with the debt crisis, one investor told CNBC that Beijing could ... www.cnbc.com/id/43558890 |
No comments:
Post a Comment