Sydney Morning Herald
Europe bought time this weekend to avoid a Greek bankruptcy, but tough negotiations lie ahead to save Athens and prevent the eurozone debt crisis from descending into global drama. Greece will be able to pay its bills this month after eurozone finance ...
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Greek Debt Crisis - Austerity Set To Kill Greece
Voxy
Also, prior to 2008, Greece enjoyed one of the highest GDP growth rates in the Eurozone. Accordingly, the Greek Government had the income to meet its growing spending and debt obligations. What changed matters, however, was the global economic crisis ...
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| Forex - AUD/USD weekly outlook: July 4 - 8 Benzinga ... as easing concerns over Greece's sovereign debt crisis saw risk appetite ... it could have resulted in the euro zone's first sovereign debt default, ... |
| Korea Times By Mauro F. Guillen & Emilio Ontiveros The Euro Zone has been suffering from a severe financial crisis for more than a year. Markets for public debt of the most vulnerable economies (Greece, Ireland, Portugal, Spain, Italy and Belgium) are under more ... See all stories on this topic » |  Korea Times |
Poland takes part in eurozone meeting amid worry 'if it's safe to join'
EUobserver.com
EUOBSERVER / WARSAW - The Polish finance minister was, unusually, allowed to take part in a tele-conference of the 17 euro-using countries on Saturday (2 July) about the Greek debt crisis. Poland, which still uses the zloty but which is legally obliged ...
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A plan to save the euro and curb speculators
Financial Times
Both Jean-Claude Juncker, president of the Ecofin and Eurogroup councils of finance ministers, and Giulio Tremonti, Italian minister of finance, have argued that a conversion of a share of national debt to EU bonds would stabilise the current crisis. ...
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| Steria sees no cause for hysteria Business Line Steria Global CEO, Francois Enaud's recent visit to India comes at a time when Europe has been racing to resolve Greece's sovereign debt crisis. But the €1.7-billion European IT and BPO player is fairly optimistic that events in Greece would not have ... See all stories on this topic » |  Business Line |
Forex - EUR/USD weekly outlook: July 4 - 8
Forex Pros
Forexpros – Last week saw the euro rally to a three-week high against the US dollar, posting its first weekly gain in four weeks as concerns over Greece's debt crisis receded and the European Central Bank hinted at a rate hike at its next meeting. ...
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| No Solution to the Global Credit Crisis Center for Research on Globalization No solution has been found for Greece's problems, even though an agreement has been made with lenders, and as an extension of that, we see euro, euro zone and European Union problems that probably are unsolvable. Debt ratings for sovereign nations are ... See all stories on this topic » |  Center for Research on Globalization |
Europhiles have made the hard decisions on Greece far harder
Financial Times
In the case of the European sovereign debt crisis, there was not just a rough analogy, but a clear precedent: the emerging market defaults and reschedulings of the 1980s to the early 2000s. There was detailed documentation, experienced staff at hand, ...
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Eurozone needs a US-style "New Deal" say former leaders: report
Monsters and Critics.com
Hamburg - Several former European state and government leaders have issued an appeal urging a US-style 'New Deal' to shore up the crisis-ridden eurozone with the emphasis on new investment spending instead of savings measures, Der Spiegel reports. ...
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Brendan Keenan: Devaluation is no miracle cure
Irish Independent
These unfortunate similarities with the eurozone intensive care ward are despite the UK having a much wider choice of policy instruments to deal with the crisis. It has used them too, with a 10 per cent devaluation of sterling, interest rates of half a ...
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Crude oil futures - Weekly review: June 27 - July 1
Forex Pros
Forexpros – Last week saw crude oil prices post their biggest weekly gain in almost three months, as easing concerns over Greece's sovereign debt crisis saw the US dollar weaken, boosting the appeal of commodities. On the New York Mercantile Exchange, ...
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Gold Price Corrects, Outlook Still Bright
GoldAlert
... the gold price in recent years has been Peter Schiff, President of Euro Pacific Capital. In an interview with King World News, Schiff provided his latest thoughts on the price of gold, silver, the US dollar, and the European sovereign debt crisis. ...
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Greece: What happened at the weekend
MindfulMoney
"We have learnt from the financial crisis that one should not place too much faith in financial vehicles with three-letter acronyms. But that is what we are doing with this European equivalent of a late-period subprime mortgage CDO. ...
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Selling gold to make ends meet in Greece
Khaleej Times
Many international investors believe the eastern Mediterranean country, which makes up just 2.5 percent of the euro zone economy, cannot hope to service its enormous debt running at nearly 350 billion euros and rising. Many in Greece appear to agree. ...
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Gerald Warner: Only the drachma can put Hellenic Tiger out of its misery
Scotland on Sunday
This crisis does not result from inadequate stress tests on Eurozone banks, but from the farcical manipulation of the original stress tests for nations applying to join the euro - the derisory "Maastricht criteria". There were, at most, ...
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| Euro zone members face tough choice as they carry Greek debt Independent Online Goldman Sachs Asset Management chairman Jim O'Neill said countries might need to start issuing common bonds to attract investors to Europe and terminate the crisis. “If you wanted economic and monetary union, you have got to start delivering it,” ... See all stories on this topic » |  Independent Online |
Euro zone warns Greeks on privatisation
TVNZ
Athens has repeatedly failed to meet budget targets laid down in the first bailout programme, raising the risk that the crisis will spread across the euro zone if unresolved. "What is crucial now is to implement parliament's decisions," Greek Finance ...
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Current headwinds to global growth story temporary: Fitch
IBNLive.com
On the lingering Eurozone sovereign debt crisis, Fitch says the region has outperformed its growth projections in Q1, pulled up by continued robust growth in Germany. The agency projects the Euro area GDP growth at 1.7 percent for 2011, ...
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Immediate Greek default prevented, outlook fragile
MetroNews Canada
... crisis BRUSSELS - Greece has been pulled back from impending default when eurozone finance ministers signed off on a vital loan installment. But the country's international creditors are showing more concern over whether it can service its debt in ...
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Can Italy Grow Its Way Out of Debt?
Fistful of Euros
As Landon mentions, Italy didn't have a housing boom worthy of mention, so private debt didn't surge during the first decade of the century, and during the crisis Finance Minister Tremonti pursued a policy of flying under the radar by keeping deficit ...
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| ekathimerini.com | Europe must learn from Greek crisis errors, say ... 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 nations. ... ekathimerini.com : Latest News |
| Greece cannot borrow its way of this debt crisis - Market News and ... By marketmaker They will also supposedly discuss a restructuring of Greek debt. Greece must sacrifice or leave euro: Greek EU commissioner. Greece must make sacrifices to overcome its debt crisis or face the risk of leaving the eurozone and returning ... Bullfax.com - Market News & Analysis |
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| IMF urges 'cohesive' eurozone tack on debt crisis — EUbusiness ... The International Monetary Fund on Monday warned Europe that more ... financial policies was needed to tackle the eurozone sovereign debt crisis. ... You are here: Home → Breaking news → IMF urges 'cohesive' eurozone tack on debt crisis ... of the euro area and result in large global spillovers," the IMF warned. ... www.eubusiness.com/news-eu/imf-eurozone-public.aqw/ |
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