Today: EUROZONE Debt Crisis News, Jul 15, 2011

Search

ALS, Alexander Language Schools Franchise


Jul 15, 2011

EUROZONE Debt Crisis News, Jul 15, 2011


World economy to keep strong but risks abound
Moneycontrol.com
"If the (euro zone) debt crisis is mishandled, it's a major threat. But it's a threat comparable to the mishandling of the US sovereign debt crisis. It's six and two threes," said Willem Buiter, chief economist at Citi. The poll showed the world ...
See all stories on this topic »
The 2008 "Liquidity Crisis" Sequel: Bigger, and About to DevourEurope
Elliott Wave
Europe's biggest banks are taking steps to shore up their defenses should the debt crisis spiral out of control and one or more countries leave the euro zone.... Banks also are increasing their use of credit-default swaps as protection against their ...
See all stories on this topic »
Euro Debt Crisis: ECB Signals More Rate Hikes to Come, Helps ...
Taxes Still a Stumbling Block As Debt Talks Continue .... hike is likely this year to tackle inflation despite the intensifying euro zone debt crisis. ...
www.cnbc.com/.../ECB_Signals_More_Rate_Hikes_to_Come_...
EURO GOVT-Italian debt stays under pressure from EU crisis
Reuters
Italian two-year government debt continued to underperform Spanish peers, as the paper usually seen as the yardstick for euro zone peripheral sovereign debt bears the brunt of investor ire over delays in resolving the debt crisis. Two-year Italian debt ...
See all stories on this topic »
European Debt Crisis: Could Italy Be Next?
U.S. News & World Report
By Ben Baden This European sovereign-debt crisis is back and bigger than ever. Greece is once again on the ropes, and the members of the European Union are worried that a default on its debt could spread throughout the Eurozone. ...
See all stories on this topic »
Ireland needs quick solution to euro crisis -IMF
Reuters
"Our position is that public debt in Ireland is sustainable so that is not a relevant question at this stage," he said. Irish Finance Minister Michael Noonan said on Thursday that the escalation of theeuro zone debt crisis to the currency bloc's core ...
See all stories on this topic »
Greece says next few days critical for debt crisis
Reuters
Alarmed by a worsening of the euro zone debt crisis, policymakers and bankers are examining radical proposals to rescue Greece that include a sharp cut in its debt burden, ways to prop up banks and a new emphasis on boosting Greek growth, official and ...
See all stories on this topic »
Euro zone debt crisis deepens
Ghana Broadcasting Corporation
Trying not to get sucked in the euro zone debt crisis, Italy is moving to rapidly cut its debts. Economy Minister Giulio Tremonti, widely seen as the guarantor of Italian financial stability says the government's four-year, 40 billion euro austerity ...
See all stories on this topic »
Eurozone's leadership in more debt disarray
European Voice
By Ian Wishart Criticism of how the eurozone's leadership is handling the debt crisis has ratcheted up another notch as Herman Van Rompuy, the president of the European Council, struggled this week to win agreement to hold another emergency summit. ...
See all stories on this topic »
Euro zone growth seen steady despite Greece slide
Moneycontrol.com
The euro zone economy will grow slowly but steadily over the coming year, according to the latest Reuters poll, but the forecast was unchanged from the previous month in a sign economists are shrugging off the impact of the debt crisis. ...
See all stories on this topic »
Spain's Salgado says quick action needed on Greece
Reuters
BERLIN (Reuters) - Euro zone countries must take quick action to resolve Greece's debt crisis to prevent contagion from spreading through the currency bloc, Spain's Economy Minister Elena Salgado said. Speaking in an interview published in German ...
See all stories on this topic »
EU Leaders to Continue Search for Economic Answers
Voice of America
A more immediate worry, says Bruegel think tank researcher Benedicta Marzinoto, are fears larger European economies will be pulled into the eurozone debt crisis. Markets nosedived this week over fears about the health of the Italian and Spanish ...
See all stories on this topic »
EU leaders struggle over debt crisis
Irish Times
Photograph: Alessandro Bianchi/Reuters EU leaders are struggling to make headway in the battle over a second Greek bailout as pressure builds for a tough new response to the debt crisis. As Germany blocked plans for an emergency euro zone summit ...
See all stories on this topic »

Irish Times
Key Euribor rates tick up, longer-term ones down
Reuters
FRANKFURT, July 14 (Reuters) - Key euro-priced bank-to-bank lending rates continued their upward trajectory on Thursday, while euro zone debt crisis jitters pushed longer-dated rates in the opposite direction. The three-month Euribor rate ...
See all stories on this topic »
Gold sprints to a new high
Business Standard
Consequently, the euro erased early gains to stand flat at $1.4191. Today, the dollar fell 0.2 per cent against a basket of currencies. Also, the ongoing euro zone debt crisis added to gold's lustre, raising investors' hope for a sustained rise in its ...
See all stories on this topic »

Business Standard
Italy set for slower growth, to miss deficit target:Reuters poll
Reuters
Italian markets were pounded over the past week as investors drove up government borrowing costs and dumped Italian banking shares on concerns the country was being drawn into the euro zone debt crisis. Slower economic growth will make the government's ...
See all stories on this topic »
EU Leaders 'Must Grasp Nettle Of Euro Debt'
Sky News
It is time eurozone leaders "grasped the nettle of European debt", Ireland's Prime Minister has told Sky News, at the start of a crunch few days for the region. To view this content you need Flash and Javascript enabled in your browser. ...
See all stories on this topic »

Sky News
Financials lead FTSE lower on sovereign debt worry
Reuters
FTSE extended earlier losses, falling 47.58 points, or 0.8 percent to 5858.85 by 1059 GMT, as worries that Europe's lingering debt crisis may spread across the euro zone continued to weigh on investor sentiment. The Italian Treasury had to pay the ...
See all stories on this topic »
Morning Briefing: Markets Eye Euro Zone, Hungarian Bonds
Wall Street Journal (blog)
Analysts said the lack of spiking yields indicates that Hungary's securities market is weathering theeuro-zone debt crisis relatively well, although the market remains subject to sudden changes in international mood and risk appetite. ...
See all stories on this topic »
Spain, Helaba add late twist to bank stress test
Reuters
The EBA will now publish test results of 90 banks from 21 countries after European markets close on Friday, to try and restore confidence in a sector being battered as the euro zone debt crisis moves from Greece, Portugal and Ireland to Italy. ...
See all stories on this topic »
Editorial: Why there *is* a long-term sustainable solution for the Eurozone
New Europe
... if the Eurozone remains divided over the strategy to overcome the present sovereign debt crisis, beginning with the details of the second package for Greece – the private sector's participation has been likened to the 'Gordian Knot' of the European ...
See all stories on this topic »
MARKET COMMENT: Europe Stocks Drop After Italian Bond Auction
Wall Street Journal
By Polya Lesova LONDON (Dow Jones)--European equity markets dropped Thursday after the Italian government's borrowing costs surged in a bond auction, rekindling worries about the spread of theeuro-zone debt crisis. The losses also came after Federal ...
See all stories on this topic »
Italian Banks Face Funding Squeeze
Bloomberg
Photographer: Gianluca Colla/Bloomberg July 14 (Bloomberg) -- Richard McGuire, senior fixed-income strategist at Rabobank International, discusses today's Italian bond auction and the euro-zone debt crisis. He talks with Maryam Nemazee on Bloomberg ...
See all stories on this topic »
Greek, Cypriot Banks Seen 7 Pass, 1 Fail In Stress Test
Wall Street Journal
However, most of the banks are exposed to sovereign debt and, like their peers across Europe, are expected to take hefty haircuts, or losses, on bonds issued by governments at the heart of the euro zone's financial crisis. ...
See all stories on this topic »
CORRECT: IMF Warns On European Banks Ahead Of Key Tests
Wall Street Journal
Uncertainty, exacerbated by political divisions within the euro zone, is continuing to roil Europe'ssovereign-debt markets. The crisis is now threatening to target one of the continent's largest economies, Italy. Ministers were scheduled to meet ...
See all stories on this topic »
S&P chief rejects euro zone criticism
Independent Online
Standard & Poor's hit back at criticism over the credit rating agencies' role in the euro zone debt crisis on Thursday, with its German operations head saying rating agencies would lose credibility if they “kept silent”. “We risk our credibility if in ...
See all stories on this topic »

Independent Online
Euro debt crisis watch
FXstreet.com
Schatz yields increased some 10-15bp and Italian spreads and CDS levels narrowed Around 13:45 CEST it was reported that EU leaders will hold a special summit on the eurozone debt crisis on Friday. Schatz yields increased to around 1.32% on this news.
See all stories on this topic »
Charlemagne: The euro's real trouble
The Economist
The dinner-table row illustrates how, throughout the sovereign-debt crisis, the requirements of financial crisis-management have collided with political, legal and emotional priorities. Indeed, the euro's woes are as much about politics as about ...
See all stories on this topic »

The Economist
BASE METALS: Comex Copper Falls As Dollar Rebounds
Wall Street Journal
Concerns about the negotiations to raise the US borrowing limit and the euro-zone debt crisis have left many traders reluctant to bet on commodities, which are seen as risky bets should growth stumble. Copper in particular is sensitive to the growth ...
See all stories on this topic »
SE Asia Stocks-Steady to higher despite global gloom
Reuters
Trading volume was generally thin amid continued caution about the euro zone debt crisis, although such worries have not stopped Indonesia , Malaysia and the Philippines , setting record highs this month. Stocks in Singapore and Thailand ended flat. ...
See all stories on this topic »
Will Beijing be Italy's White Knight?
Reuters Blogs (blog)
After all, Italy is the No.3 economy in the euro zone. How can Italy be in crisis? If Italy is in trouble, what about the rest of Europe? Yesterday, I moderated an online forum where a former Trade Commissioner for the Italian government spoke. ...
See all stories on this topic »

Reuters Blogs (blog)
US Ambassador: Berlin will do what's needed to preserve the euro
GlobalPost
He landed in Berlin just as Europe's largest economy was emerging from recession, but was confronting the euro zone debt crisis. Murphy says he's confident that Germany's leadership will do whatever it takes to keep the European project alive. ...
See all stories on this topic »

GlobalPost
European shares fall as Moody's warns on US debt
Reuters
The auctions were seen as a key test of market appetite for the country's debt after it got sucked into the debt crisis, sending its benchmark 10-year yields briefly above 6 percent on Tuesday for the first time since the euro's launch in 1999. ...
See all stories on this topic »
US STOCKS-Futures edge higher after JPMorgan results
Reuters
N) offset concern about the US budget deficit talks and Europe's sovereign debt crisis. JPMorgan Chase & Co reported higher second-quarter profits, boosted by lower costs for bad loans, sending the stock up 1.8 percent to $40.31 in premarket trade. ...
See all stories on this topic »
Relief in Europe keeps Treasury prices lower ahead of auction.
MarketWatch
“Prices are down as the short-term news from Europe is better, opposed to the apocalyptic news we had on Monday,” Briggs said. Worries that the euro-zone's sovereign-debt crisis would spread to Italy mounted Monday as investors sold off Italian debt, ...
See all stories on this topic »
The debt crisis will change the way we live in Europe
Times of Oman
THIS is not just about the indebtedness of Greece; nor that of the other weak eurozone countries; nor about the future of the euro; nor, as we will learn today, that the liabilities of the British government are far higher than the official figures ...
See all stories on this topic »
Goldman Topples Deutsche Bank in Europe Junk Bond Underwriting
Bloomberg
Photographer: Scott Eells/Bloomberg The six-month income surge gives Goldman Sachs an edge as high-yield issuance starts to slow amid Europe's spreading sovereign debt crisis. The US bank underwrote 10.6 percent of the record $54 billion of deals in ...
See all stories on this topic »
Response highlights tensions within euro zone in Berlin
Irish Times
German officials are not naive enough to expect the crisis will trigger a full handover of budget sovereignty to the EU. But Berlin's euro zone crisis diagnosis is clear: budgetary stomach clamps for all. Just don't tell Angela Merkel it Kant be done.
See all stories on this topic »

Irish Times
Despite the debt, don't write off Europe just yet
The National
Some European countries will have to default selectively on their debt before the end of decade. Chris Ratcliffe / Bloomberg News After Greece, Ireland, Portugal and Spain, Italy is now the latest casualty of the euro-zone debt crisis. ...
See all stories on this topic »

The National
Europe's Default Crisis: It's the CDS, Stupid
Gold Seek
Anyway, back in the Greek crisis, "European banks are long about 17% of the €340 billion of total Greek sovereign debt outstanding," reckons Niels Jensen at Absolute Return Partners. "A 65% haircut [ie, write-off] would result in losses of €37-38 ...
See all stories on this topic »
After months of living in fantasy land, everything is back on the table
Irish Independent
A safe landing from the new approach could at long last put the recovery programmes for crisiscountries on solid ground -- because debt reduction is promised -- but the process of allocating losses to debt holders will rattle financial markets. ...
See all stories on this topic »
Euro zone makes fresh bid to tackle Greek crisis (Reuters) | Stock ...
By Editor - Business News
BRUSSELS/BERLIN (Reuters) – Euro zone countries continued to grapple with the thorny issue of involving the private sector in tackling Greece's debt pile as they prepared for a meeting to decide support for the country next week. ... Draghi said Italian banks would comfortably pass the tests but echoed Kenny's call for a comprehensive EU response to the spreading debt crisis. “We have to recognize that management of the financial crisis has not gone smoothly with partial ...
Rocket News
Gold price hits record high as eurozone woes spread ... - MAARS News
By Valkyries
Italy's Finance Minister, Giulio Tremonti, yesterday pledged to further “reinforce” austerity measures aimed at calming the markets and preventing the eurozone's number three economy from being sucked into the debt crisis. ...
MAARS News
Latest Developments from the Euro-zone – Italy Austerity Vote ...
By Nick Nasad
From Marketwatch: “Italian government bond yields rose again Thursday, indicating that fears of a spreading euro-zone debt crisis haven't been dispelled despite a successful auction of long-term debt and expectations lawmakers will quickly ... Sentiment was dented, however, by the Treasury's decision to limit the overall size of the auction in an effort to ensure strong demand and news reports said Bank of Italy officials engaged in a charm offensive to ensure major banks ...
FXTimes - Forex News, Commentaries,...
NewsDaily: Italy Senate gives austerity budget first nod
By Philip Pullella
Addressing the Senate shortly before the vote, Economy Minister Giulio Tremonti said Europeneeded a political solution to the unraveling debt crisis because no country would be spared dire consequences. ... Bond traders have targeted Italy , the euro zone's third-largest economy, because of doubts about its ability to sustain one of the world's heaviest debt burdens and fears it is getting sucked into a widening debt crisis. COSTS UNSUSTAINABLE ... More Top News ...
NewsDaily: Top Headlines
Spot gold hit a record high above $1589 on ... - China Business News
By CBN
The ongoing euro zone debt crisis added to gold's lustre. Fitch Ratings on Wednesday downgraded Greece deeper into junk territory, citing the absence of a new and fully funded financing program for the country. ...
China business news
Global debt alarms ring through markets - Interaksyon.com
By Agence France Presse
European stocks fell but the euro clawed back some losses. Investors are on red alert over theeurozone debt crisis which has already dragged down Greece, Ireland and Portugal -- all of which were rescued with vast bailouts -- and is ...
Interaksyon.com
Germany's central bank: the situation in Italy in control of their ...
By admin
713 Xinhua Xinhua News Agency in Berlin, Germany “Time” weekly on the 13th, the German central bank extended Siwei Goldman believes that the Italian debt crisis in the controllable range, and he criticized the German euro rescue plan. ... it is the euro zone's third largest economy, has a solid industrial and export base, but require consistent implementation of the Italian fiscal austerity plan. Implementation of EU and German euro rescue plan skeptical. ...
Finance online - Financial Advice|Fin...
War News Updates: How The Debt Crisis Will Impact All Of Us
By War News Updates Editor
The Debt Crisis Will Change The Way We Live -- Hamish McRae, The Independent. This is not just about the indebtedness of Greece; nor that of the other weak eurozone countries; nor about the future of the euro; nor, as we will learn ...
War News Updates
The new battle for Europe: Bankers vs taxpayers - The Curious ...
By Michael Schuman
And if we needed any more evidence that some sort of resolution to the Greek debt crisis is of the utmost urgency, we've gotten more in recent days. Contagion has again stampeded through the euro zone. Italy, the zone's third-largest ...
The Curious Capitalist
Key future events in the eurozone debt crisis - Telegraph
Here are some key dates in the EU debt crisis calendar. ... Eurogroup meeting of euro zonefinance ministers in Brussels to discuss the broad outlines of a ...
www.telegraph.co.uk/.../Key-future-events-in-the-eurozone-de...
Eurozone debt crisis summit eyed in days — EUbusiness - legal ...
You are here: Home → Breaking news → Eurozone debt crisis summit eyed in days ... convene an emergency meeting of the eurozone's 17 leaders on Friday in a ...
www.eubusiness.com/news-eu/eurozone-finance.bb9
Debt crisis threatens Italy, one of euro zone's biggest economies ...
LONDON — Europe's escalating debt crisis is on the verge of engulfing by far ... News Business (Today) - Globe and MailVIDEO: Will debt crisis hit Italy and ...
thunderfeeds.com/.../debt-crisis-threatens-italy-one-of-euro-zo...

No comments: