Reuters
By Luke Baker WARSAW, July 2 (Reuters) - Poland's finance minister raised doubts on Saturday about Europe's handling of the Greek debt crisis, pointing to too much emphasis on austerity, too little focus on growth and a short-sightedness in some ...
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Greek Crisis Prompts Fears for Euro Currency
Voice of America
From Scandinavia to the Mediterranean shores of southern Europe, there are widespread fears over the future of the euro currency and the European Union itself. The EU has been shaken by the Greek debt crisis, but its leaders insist the Union and the ...
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Finance minister insists Germany committed to EU
Irish Times
Ahead of euro zone finance minister talks today on a second Greek rescue fund, Mr Schäuble said the influence of emerging Eurosceptics in the debt crisis should not be overestimated. “It would be naive to expect that we could go through the kind of ...
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Europe to clear Greek debt funding
Bangkok Post
The eurozone is on the verge of releasing urgent bailout funds for Greece on Saturday after the parliament adopted tough austerity action, buying the euro time in a debt crisis that is far from over. The Greek flag fluttering through a banner on the ...
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Counting the Cost China: Bailing out the world
Aljazeera.net
... more Euro debt, who owns China's debt and how can the country balance its books? China is willing to buy up billions of dollars worth of Eurozone debt to support its biggest trading partner, because the last thing China wants is a debt crisis which ...
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No risk for Bulgarian bank system due to Greek debt crisis
Focus News
Sofia. The Greek debt crisis poses no risk for the Bulgarian bank system and no problems can be observed at present, economists and bankers told the Stroitel weekly. Days ago Ernst & Young's summer eurozone and EU forecast was published, warning that ...
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Poland takes EU helm, economic revival a goal
China Daily
Efforts to boost common defense and the EU enlargement are also on the list. Huge challenges facing the EU will test Poland in its first presidency. The ongoing sovereign debt crisis in the eurozone remains the leading threat to the global economy, ...
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EU's Rehn Is 'Confident' of Paying Next Greek Tranche
Washington Post
July 1 (Bloomberg) -- European Union Commissioner for Economic and Monetary Affairs Olli Rehn talks about the Greek debt crisis and the outlook for the euro zone. He speaks with Bloomberg's Diana ben-Aaron in Helsinki. ...
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Oil prices post weekly gains
Proactive Investors UK
Oil prices rose sharply this week, aided by easing concerns over the Greek debt crisis and speculation that Saudi Arabia could take action to prop up the prices. It is now unlikely that Greece will default on its debts anytime soon after the Greek ...
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The Markets and Greece: Variations on a Theme
New York Times
David C. Wright , managing director of Sierra Investment Management in Santa Monica, Calif., said that “it's been somewhat surprising that we haven't seen more stress on the euro.” But we're still in the early stages of the crisis, he said. ...
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Treasure pulse
Malaysia Star
A DEBT crisis has been averted for now as Greece's parliament approved a detailed five-year austerity plan worth 28 billion euros, thus paving way for the country to receive additional aid. The plan is targeted to reduce Greece's fiscal deficit to 1.1% ...
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Branded sell signal at Unilever
Proactive Investors UK
It has been an excellent week for equities, sparked by progress in the Greek debt crisis and some positive economic data from the United States. The relief rally allowed global equities to bounce back from their lowest levels in almost four months ...
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Italy comes under the debt crosshairs
Globe and Mail
A significant slowdown in the euro zone's third-biggest economy would, as best, delay the wider euro zone recovery; at worst, plunge the region's entire Mediterranean flank into crisis. In a note published Friday, Deutsche Bank economist Gilles Moec ...
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Senior CPC Official Begins 4-day Visit to France
CRIENGLISH.com
The visits reflect deepening relations between China and Europe in the wake of the European sovereign debt crisis that has gripped some peripheral euro zone economies such as Greece, Ireland and Portugal. China has repeatedly said it supports European ...
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Commodity prices get Greek boost
MSN Philippines News
... reacted to progress in the Greek debt crisis and disappointing global manufacturing data. OIL: Prices rallied after a vote in the Greek parliament eased worries about a potential eurozone default and tempted more traders into riskier investments. ...
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| China's expansion or salvation for Europe The Voice of Russia On the other hand, Beijing is formally implementing the agreements, reached by the G-20 recent anti-crisis summits, says the chief economist of the Finam Management Company Alexander Osin, and elaborates. "This is clearly an effort to prop up Europe's ... See all stories on this topic » |  The Voice of Russia |
Trading Week Outlook: Jul. 4 - Jul. 8
FXstreet.com
... inflation-fighting course may not be derailed by the EU debt crisis, we could easily see another 25 bps increase to 1.50% in the benchmark rate. The question is how much of these expectations have already been priced into the EUR/USD exchange rate? ...
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Risk is back from the brink
Action Forex
It may be that declines in gold and silver simply swamped the broader index, but we still remain cautious given the state of the global recovery and the smoldering Eurozone debt crisis (not to mention the US debt ceiling debate—see below). ...
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| The Greek authorities try to terrorise, but they are terrified The Guardian It is also noteworthy that each group often invites academics to come to the general meeting in order to inform people about the economic crisis and then answer questions from the audience. So far no general mobilisations of unions have been announced. ... See all stories on this topic » |  The Guardian |
Italy's Regulator To Meet With Moody's, S&P Over Statements
Wall Street Journal
... ease solvency fears amid Europe's sovereign-debt crisis. Italy, which has a public debt to gross domestic product ratio of 120%, has come under scrutiny after warnings from Standard & Poor's and Moody's that the euro zone's third-largest economy, ...
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Dollar edges up as traders weigh mixed data
MarketWatch
... bailout for Greece has helped to bolster trader sentiment, and the markets will certainly keep a close eye on the EU meeting this weekend as the group of finance ministers weigh alternative measures to address the sovereign debt crisis,” said Song. ...
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Stocks Rallied for Biggest Weekly Gain in 2-Years (AA, AAPL, AMZN, BAC, C ...
TradersHuddle.com
On Tuesday, the market started in positive territory as the euro recovered to the flat line as reports suggesting Germany agreed with the French proposal for private sector involvement in the solution for the Greece debt crisis offset news reports of ...
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| Lira decline supports Turkish exports Hurriyet Daily News “Turkish exports became more competitive thanks to the lira depreciation, but the unrest in the [Middle East and North Africa] region and EU's debt crisis could affect Turkey's export performance negatively in the coming period,” Altuğ said in a note ... See all stories on this topic » |  Hurriyet Daily News |
The euro is like Frankenstein's monster -- it has to be destroyed
Herald.ie
Remember when our banking crisis unfolded how we had to go begging cap in hand for help? For the EU, protecting German and French banks was the most important thing. The result was that you and I lie crippled in the Land of Eternal Debt because of the ...
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Volatile Quarter comes to a positive end
Malta Independent Online
... which cyclical highs were touched at the start of May but worries over a worldwide economic soft patch, the eurozone sovereign debt crisis and continuing unrest in the Middle East saw risk assets post broad declines over the preceding eight week. ...
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Special Olympics chairman praises Greeks for their commitment
Xinhua
... to tackle the country's burning debt crisis. Greek parliament finally approved the plan and a bill to implement the plan, paving the way for the release of further multi-billion euro aid to the debt-ridden euro zone member country by European Union ...
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| Eurozone clears 12-bn-euro aid tranche for Greece gulfnews.com Amid fears a Greek default could ripple across the financial world, the United States has pressed Europe to find a lasting solution to the debt crisis. "It is our hope that European leaders continue to make sure that Europe's response to the crisis is ... See all stories on this topic » |  gulfnews.com |
Next rate rise soon, but not July: survey
Sydney Morning Herald
March quarter gross domestic product (GDP) figures released in early June showed the economy contracted for the first time since the September quarter of 2008, at the height of the global financial crisis. HSBC chief economist Paul Bloxham forecasts ...
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Greece targets 2012 for return to growth
Montreal Gazette
International banks and insurers were discussing ways to roll over Greek debt and help avert sovereign default, in a debt crisis that has shaken the euro. Venizelos welcomed plans to help Greece, saying the size of a second bailout package would be ...
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Rethinking the euro
Guelph Mercury
Today, many are examining the currency again, wondering if it is fit to survive after the debt crisis that is rocking the Eurozone. By 2002, Europeans had already endured most of their grieving for their beloved old bills. The decision to develop the ...
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| Europe marts end higher; euro stable Gulf Times The euro meanwhile was little changed against the dollar yesterday as the markets digested better-than-expected US manufacturing data and reviewed the apparent progress in resolving the Greece debt crisis. In late London deals, the European single ... See all stories on this topic » |  Gulf Times |
EUR/USD, USD/JPY Flows: Recap
FXMarketAlerts.com
Next week's probable market leading theme will be more on the eurozone debt and/or US debt debacles. MB * 01 Jul 11: 14:24 GMT (LDN) - FX NOW! EUR/USD, USD/CHF Flows - even higher US ISM, but stocks react best The US ISM number was indeed higher than ...
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| As Greece teeters, EU to the rescue - Interaksyon.com By Agence France-Presse Eurozone finance ministers were set Saturday to release urgent aid to save Greece from imminent bankruptcy amid tough behind-the-scenes wrangling on a second bailout for the debt-stricken country. ... pressed Europe to find a lasting solution to the debt crisis. "It is our hope that European leaders continue to make sure that Europe's response to the crisis is strong, flexible and effective," US Secretary of State Hillary Clinton said during a visit to Madrid on Saturday. ... Interaksyon.com |
| Precious Metals Crossing Halfway on an Annual Race; Heading ... All the factors that drove gold higher last year – fear, uncertainties, lack of confidence in the dollar, gold as the ultimate currency, buying by newly wealthy Chinese families, sovereign troubles in the euro zone, central bank purchases, ... Europe's debt crisis, along with fear of natural disasters and political uprisings and upheavals, are prompting investors to seek out investments that promise to protect their portfolios in the event of economic meltdown. ... Contrary Investors Cafe |
| business and Finances: The Prudent Investor - 2 new articles By business The franc's perceived stability amid growing eurozone troubles has strengthened it considerably in comparison to the euro and Central European currencies. ... While new homeowners in Poland and Hungary have shied away from franc-denominated loans since the franc's strengthening in the wake of the beginnings of the eurozone sovereign debt crisis in early 2010, the franc has traditionally been ... business and Finances |
| China promises EU "helping hand" with debt crisis - Yahoo! News Read 'China promises EU "helping hand" with debt crisis' on Yahoo! News. ... country could buy the sovereign debt of some troubled euro zone nations if needed. news.yahoo.com/china-promises-eu-helping-hand-debt-crisis-... |
| Why Europe's Debt Crisis Will Keep Coming Back - Rick Newman ... US News & World Report Money ... That's why the solutions to Europe's debt crisis have been partial at best, .... Yes - debt strains the Euro zone, but the Euro has gained so much the past 5 years, it's time the place cooled off a bit. ... money.usnews.com/.../why-europes-debt-crisis-will-keep-comi... |
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