 Factbox: Coming events in the euro zone debt crisis Reuters July 11 - Euro zone finance ministers hold meeting as work continues on a second bailout package to cover Greece's funding needs up to mid-2014 with private creditor participation. -- Debt agency's next auctions of T-bills fall in July, ... See all stories on this topic » |
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EURO GOVT-Bunds dip before ECB, Italy yields reflect crisis
Reuters LONDON , July 7 (Reuters) - German government bond yields were steady on Thursday, supported by fears the euro zone debt crisis was intensifying, with a solid Spanish bond sale doing little to relieve tension. Two-year German yields were off lows hit ... See all stories on this topic » |
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Europe sovereign debt crisis biggest threat to insurers - EIOPA
Reuters By Myles Neligan LONDON, July 7 (Reuters) - The eurozone sovereign debt crisis is the biggest threat to Europe's insurers, and the risk the sector could suffer losses on its government bond holdings is growing, pan-European industry regulator EIOPA ... See all stories on this topic » |
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Europeans Caution Ratings Agencies After the Downgrade of
Portugal's Debt
New York Times By LIZ ALDERMAN and JACK EWING PARIS — European officials scrambled on Wednesday to prevent the debt crisis in Greece from destabilizing their currency union, threatening credit-rating agencies with possible retaliation after the decision on Tuesday ... See all stories on this topic » |
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Hedge Funds Move Past Greece With Bets That Sovereign Debt
Crisis Expands
Bloomberg Photographer: Mario Proenca/Bloomberg Hedge funds that trade bonds and loans are increasing bets that Europe's sovereign-debt crisis will spread to Portugal, Spain and Italy, even after Greece won a temporary reprieve with 12 billion euros in aid. ... See all stories on this topic » |
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GLOBAL MARKETS-Euro under pressure, shares steady; Trichet awaited
Reuters By Natsuko Waki LONDON, July 7 (Reuters) - The euro fell broadly on Thursday as investors looked beyond a well-flagged interest rate hike by the European Central Bank to focus on the worseningeuro zone debt crisis, while world stocks held steady just ... See all stories on this topic » |
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RPT-UPDATE 1-Spain sees strong demand, but pays dearly for bonds
Reuters Bids of close to 8 billion euros were received. But the market demanded a high premium for the debt after ratings agency Moody's cut Portuguese debt to junk status on Tuesday, while doubts still abound over the EU's ability to solve the debt crisis and ... See all stories on this topic » |
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'Two-speed euro needed in debt crisis'
Money Marketing Economic parameters such as interest rates must be set at two levels in the eurozone to accommodate weaker economies if it is to survive the sovereign debt crisis, according to Standard Chartered. Last week, the Greek government approved an austerity ... See all stories on this topic » |
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Van Rompuy Calls For United Action To Safeguard Financial Stability Of Eurozone
RTT News Referring to a sovereign debt crisis that three EU member states are facing, Van Rompuy said "Because we are part of a monetary union, which is beneficial for all euro area countries, it is important that we all act in a united way. ... See all stories on this topic » |
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PRECIOUS-Factors To Watch on July 7
Reuters LONDON, July 7 (Reuters) - Gold prices rose in Europe on Thursday, supported by interest in the metal as a haven from the euro zone debt crisis and the threat of rising inflation, ahead of a key interest rates announcement from the European Central ... See all stories on this topic » |
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Industrials Lift the Dow, But Banks Lag Behind
Fox Business However, Bank of America (BAC) and JPMorgan Chase (JPM) counterbalanced the gains amid concerns over exposure to the euro zone sovereign debt crisis. Trading in the first two days following the holiday weekend has been light; indeed, Tuesday's volume ... See all stories on this topic » |
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OECD joins criticism of rating agencies
Straits Times Rating agencies came under strong attack from senior personalities in the European Union on Wednesday after Moody's downgraded Portugal's rating to 'junk' status, casting new doubts on the markets over EU efforts to manage the euro zone debt crisis. ... See all stories on this topic » |
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Greece Massive Loss of Sovereignty, EU Seeks to Curb Rating Firms
The Market Oracle “Developments since the sovereign- debt crisis show we need to take a further look at reinforcing our rules.” I agree with Schaeuble regarding the need to “break up” the rating agencies. I have spoken about this many times. The key article is Time To ... See all stories on this topic » |
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Domestic havens best bet in 2011 as resource funds slide
Reuters LONDON, July 7 (Reuters) - A series of macroeconomic shocks -- from the euro zone debt crisis to May's commodity sell-off -- combined to hit funds tied to the world economy in 2011, giving funds better insulated from global growth the chance to shine. ... See all stories on this topic » |
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Investors Exit Bullish Treasurys Bets, But Most Stay Neutral
Wall Street Journal Yet most remain neutral rather than placing bearish wagers, because such short bets could be hurt by waves of safe-haven buying of Treasurys if the euro-zone debt crisis worsens. JP Morgan's latest Treasury client survey on Wednesday underscored the ... See all stories on this topic » |
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Thursday's ETF To Watch: CurrencyShares British Pound Trust (FXB)
Business Insider Although Greece passed austerity measures last week, the euro zone is not out of the woods on itsdebt crisis by a long shot. Further plans to help Greece could be viewed as a default by some ratings agencies and Portugal was recently downgraded to ... See all stories on this topic » |
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Britain: European “contagion” must be resisted
In Defense of Marxism (blog) British banks, they say, are sound and with enough capital to insulate themselves against a sovereign debt crisis across the Channel. But these assurances were then contradicted by Mervyn King, governor of the Bank of England, who said the European ... See all stories on this topic » |
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PIIGS Country ETFs Walloped
Investor's Business Daily By TRANG HO, INVESTOR'S BUSINESS DAILY Posted 07/06/2011 06:42 PM ET Debt-ridden countries dragged down European ETFs Wednesday after Moody's downgrade of Portugal's sovereign debt to junk status rekindled fears over the euro zone debt crisis. ... See all stories on this topic » |
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Has the EU's stress test failed?
Business Spectator And then, of course, there is the possibility that the euro itself may not survive the sovereign debt crisis. However, the implications of this scenario might be so severe that they are hard to model. For a start, a Greek exit from the euro could ... See all stories on this topic » |
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Trading opportunity seen in zinc lead SMC Global
Moneycontrol.com Zinc and Lead have shown stunning recovery recently as Greece passed austerity measures but this will be short lived and it is only relief measure because overall euro zone problems is much bigger. Macroeconomic jitters surrounding Europe's debt crisis ... See all stories on this topic » |
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Lagarde Vows to Diversify Voices at IMF
Wall Street Journal Ms. Lagarde pledged that the fund under her leadership wouldn't give special treatment to any of its members and that she "will not be biased" as she works through Europe's debt crisis in her new role. " 'Evenhandedness' [and] 'level playing field' are ... See all stories on this topic » |
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Hungary Could Adopt Euro Around 2018-20 - Minister Matolcsy
NASDAQ BUDAPEST -(Dow Jones)- Europe's debt crisis has shown that only countries with strong economies can benefit from joining the euro zone, the Hungarian economic minister said Thursday. Gyorgy Matolcsy also said his country might be ready to adopt the ... See all stories on this topic » |
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IMF Board Seen Approving Greek Loan Friday Despite Fears Within Fund
Wall Street Journal Despite those concerns, the IMF board is expected to approve the next tranche of loans to Greece to stem the sovereign debt crisis from spilling over into the rest of the euro zone. The IMF's new managing director, Christine Lagarde, the former French ... See all stories on this topic » |
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Strong data pushes European shares to 5-week high
Reuters Banks, which have significant exposure to the eurozone peripheral economies, initially reacted positively, but later gave up gains. Italian lender UniCredit , down 4.2 percent, led the banking sector lower on concerns that the Greek debt crisis could ... See all stories on this topic » |
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Relaxed Attitude to Insurers Looks Puzzling
Wall Street Journal Despite the latest escalation in the euro crisis, including the increasing likelihood of the euro zone's first sovereign default, and news that one in 10 European insurers had failed a stress test, investors appear unfazed. While the Euro STOXX 600 ... See all stories on this topic » |
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Special Report: What is the Greek Debt Crisis, and What Does it ...
Q: What Does This Mean for the Euro? One of the lessons we've learned from the Greek debt crisisis that the Eurozone is not as strong or stable as most believed. Eurozone members attempted a monetary union without united fiscal policy. .... Money Morning News Archive: Stories about Greece; Money Morning: French Banks Scramble to Prevent Another Global Collapse; Money Morning: The Next Global Credit Crisis: Why U.S. Banks and Greek Debt Will be the Toxic Trigger ... The Wall Street Examiner |
EU leaders blame the euro crisis on American credit rating ...
By Daniel Hannan caption id="attachment_100095709" align="alignnone" width="460" caption="Tusk and Barroso: thecrisis is all the fault of wicked capitalist speculators"][/caption] When EU leaders start claiming that the debt crisis is a plot got up by the ... The truth, of course, is that credit rating agencies were too optimistic about the euro zone, too ready to believe the Eurocrats. Their belated return to reality poses a massive problem for Brussels. It's not just that Portugal must ... News |
Finance ministers struggle as eurozone fears increase | European Voice
Ministers to meet on Monday in a bid to prevent the eurozone crisis from escalating. Eurozonefinance ministers will return to Brussels on Monday (11 July) to confront fears that the sovereign-debt crisis is intensifying. A credit-rating downgrade for Portugal and a ... Sony Kapoor, the managing-director of Re-Define, a Brussels-based think-tank, said: “The longer the euro crisis stays in the headlines, the more likely it is that Spain and even Italy get sucked in. ... European Voice - RSS - News & analysis |
Special Report: What is the Greek Debt Crisis, and What Does it ...
By Kerri Shannon Welcome to Money Morning - Only the News You Can Profit From. Skip to content .... Q: What Does This Mean for the Euro? One of the lessons we've learned from the Greek debt crisis is that theEurozone is not as strong or stable as most believed. Eurozone members attempted a monetary union without united fiscal policy. Now it must strengthen membership standards to prevent futurecrises. "If the EU wishes to make the euro work, it must demonstrate that the fiscal rules of ... Money Morning |
Investors flee European bonds - NashuaTelegraph.com
LOS ANGELES – Europe's debt crisis is going from bad to worse – again. Investors dumped. ...European governments are pressing private investors in Greek bonds to agree to restructure that country's debt as part of the eurozone's planned second bailout of Athens, which is being crushed by a debt burden of nearly $500 billion. Moody's clearly is worried that a Greek deal with private bondholders could set the stage for Portuguese bondholders to be forced into concessions, ... Nashuatelegraph.com: Local News,... |
The Debt Crisis in Greece & Europe Drags On | Care2 Causes
By Kristina C. While Italy's economy is the third largest among the 17 nations comprising the European Union(Germany and France are in the number one and two spots, respectively), Italy's debt ratio is the next highest after Greece's. ... “If you work backwards and look at Greek public debt and try to understand who owns what, you have a hole of 140 billion euros held by asset managers, pension funds and the like, but there is very little information on the details of those holdings,” ... Care2 Causes |
Is Greece Pawning its Gold Bullion? | Gold News
By Julian D.W. Phillips Of course, it is pure conjecture on our part to link the gold holdings of three of the Eurozone'sfinancially weakest members to the BIS. In the first quarter of 2010 the BIS recorded the jump in gold holdings that it had acquired. ... But it was at about this time that the Eurozone debt crisis reared its ugly head. In advance of any rescue plans, when the respective central banks probably first began discussions on the matter it would have been deemed prudent to make a ... Gold News - Gold Market Analysis... |
ekathimerini.com | Hedge funds betting on crisis spreading
Hedge funds that trade bonds and loans are increasing bets that Europe's sovereign debt crisis will spread to Portugal, Spain and Italy, even after Greece won a temporary reprieve with 12 billion eurosin aid. ... ekathimerini.com : Latest News |
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