 Wall Street Journal The franc is the "only true safe haven in Europe," he said, adding that the euro-dollar trade is complicated by both the euro zone crisis and the US political impasse on debt-ceiling. The dollar may still falter due to the risks of another round of ... See all stories on this topic » | ||||||||
| Euro Crisis Endangers East Europe Growth: EBRD Bloomberg By Agnes Lovasz - Fri Jul 22 11:41:21 GMT 2011 East Europe and central Asia are at “serious risk” from the euro-area debt crisis that prompted leaders of the currency union to craft a new aid package for Greece, the European Bank for Reconstruction and ... See all stories on this topic »
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| Eurozone crisis still cast dark shadow Financial Post While policymakers will continue to scramble for the ultimate solutions to end the crisis, Japan's recent experience with its public finances may provide some insights on how to end the euro debt crisis. Japan's public sector debt and deficit are the ... See all stories on this topic » | ||||||||
| Debt Crisis Shadow Lifted Over Forint — for Now Wall Street Journal (blog) Euro- zone debt worries have shaken the belief among analysts that the forint could become one of the strongest currencies in central Europe, at the expense of the soaring safe haven status of the Swissie. Over the past year the currency may have ... See all stories on this topic » | ||||||||
| British leaders divided over euro crisis Irish Times LONDON: DIVISIONS HAVE emerged between British prime minister David Cameron and Liberal Democrat leader and deputy prime minister Nick Clegg over Mr Cameron's declaration to Conservative MPs that he would use the European Union debt crisis to force ... See all stories on this topic » | ||||||||
| Deficit Deal Hopes Boost Treasurys Wall Street Journal The debt crisis in the euro zone is another main focus Friday as investors digested fresh measures from the European Union summit reached late Thursday aiming to prevent the debt crisis from spreading to larger economies that would roil the region's ... See all stories on this topic » | ||||||||
| ANALYSIS: European business confidence slumps on debt crisis Monsters and Critics.com By Andrew McCathie Jul 22, 2011, 14:53 GMT Berlin - Business confidence in the eurozone's two biggest economies - Germany and France - slumped in July amid deepening concerns about the economic fallout from the eurozone debt crisis and slowing global ... See all stories on this topic » | ||||||||
| European Debt Default Costs Ease Wall Street Journal By MARK BROWN LONDON—The cost of insuring European sovereign and corporate debt against default fell sharply Friday as credit markets continued to react positively to the agreement by euro-zone leaders to support Greece and contain the debt crisis. ... See all stories on this topic » | ||||||||
| TREASURIES-US govt debt prices drop on euro zone plan Reuters Euro zone leaders agreed at an emergency summit to give their financial rescue fund sweeping new powers to help Greece overcome its debt crisis and prevent market instability from spreading through the region. French President Nicolas Sarkozy said ... See all stories on this topic » | ||||||||
| The Next Debt Crisis Could Come from Paris BusinessWeek By Mark Deen President Nicolas Sarkozy has been a key player in shaping Europe's response to the debt crisis that has so far infected Greece, Ireland, and Portugal. Yet the most important thing he can do to shore up the euro may be to deal with the ... See all stories on this topic » | ||||||||
| RPT-CANADA STOCKS-TSX may open higher on Europe hopes Reuters July 22 (Reuters) - Toronto's main stock index looked set to open higher on Friday, buoyed by some positive earnings from US companies like General Electric and hopes a Greek rescue package will contain Europe's debt crisis. ... See all stories on this topic » | ||||||||
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| EU's Rehn: Still Work To Be Done On Crisis After Greek Deal Wall Street Journal BRUSSELS (Dow Jones)--The European Union still has work to do before it can extricate itself fully from the financial crisis, EU economics commissioner Olli Rehn said in a statement Friday aftereuro-zone governments reached a deal Thursday night on ... See all stories on this topic » | ||||||||
| Euro rally stalls after rescue deal Financial Times By Peter Garnham The single currency climbed to a two-week high against the dollar as confidence rose that the €109bn rescue package for Greece agreed at an EU summit on Thursday could contain the eurozone's debt crisis. ... See all stories on this topic » | ||||||||
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| Crude Oil, Gold Refocus on Global Economic Growth Concerns DailyFX By Ilya Spivak, Currency Strategist Crude traded higher for much of the European session amid buoyant optimism in the aftermath of an unexpectedly announcement of measures to shore up the Euro Zone debt crisis following a summit of EU heads of ... See all stories on this topic » | ||||||||
| Aussie Rises Toward Week High Versus Yen on Euro Debt Optimism San Francisco Chronicle July 22 (Bloomberg) -- The Australian dollar advanced toward a one-week high against the yen as increasing confidence that the European debt crisis will be contained boosted demand for higher-yielding assets. The so-called Aussie was 0.2 percent from ... See all stories on this topic » | ||||||||
| Polish finance minister can't imagine euro adoption in next few years Washington Post With Europe's debt crisis raising questions about the viability of the single currency, there is little enthusiasm for it in Poland. Polish leaders have repeatedly delayed a switch to the euro. Several years ago, the talk was of joining the eurozone in ... See all stories on this topic » | ||||||||
| Euro crisis: No let-up in Lisbon's belt-tightening euronews To help understand Portugal's plight in the euro zone crisis, euronews spoke to former IMF economist Professor Álvaro Almeida of Porto University's Economics Faculty. Filipa Soares, euronews: “Portugal and Brussels have criticised Moody's decision to ... See all stories on this topic » | ||||||||
| UK Summary: FTSE Off Highs As US Futures Slip Wall Street Journal Says since lead indicators started to roll over around four months ago, pharma has been the best-performing major European sector and a big beneficiary of the economic soft patch and sovereigndebt crisis. Overall, sees the global soft patch nearing an ... See all stories on this topic » | ||||||||
| Euro Living on Borrowed Time in Wake of Greek Deal Wall Street Journal (blog) Greece won't be any happier accepting austerity measures linked to the rescue package and the fiscal independence of euro zone members that led to the debt crisis in the first place will be as strong as ever. There is little doubt that EU leaders have ... See all stories on this topic » | ||||||||
| Deja vu as Greece bailed out again ABC Online Again European leaders have converged on Brussels in crisis mode, and again agreed on a bailout for Greece. Again there've been assurances that it's a credible and comprehensive package to curtail the eurozone's debt crisis. ... See all stories on this topic » | ||||||||
| Pre Market Briefing, including US weekly jobless claims rose Proactive Investors UK UK markets finished higher yesterday, as banking and insurance sector stocks accelerated, amid hopes that an effective solution to counter the Euro-zone's debt crisis would emerge in the EUsummit. Barclays, Lloyds Banking, Royal Bank of Scotland and ... See all stories on this topic » | ||||||||
| Gold Price Bounces Back Above $1600 GoldAlert On Thursday the gold price fell $11.18 to $1589.53 per ounce as policymakers in Europe announced sweeping measures in the hopes of combating the sovereign debt crisis. The price of gold initially held near $1600 per ounce yesterday, but turned sharply ... See all stories on this topic » | ||||||||
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| US STOCKS-US debt news, euro debt agreement fuel rally Reuters By Chuck Mikolajczak NEW YORK, July 21 (Reuters) - US stocks climbed on Thursday as signs of progress on the US debt talks and concrete action from Europe on its own debt crisis heartened investors. Unexpectedly robust earnings results from Morgan ... See all stories on this topic » | ||||||||
| FTSE makes gains BreakingNews.ie The euro also made gains as investors hoped that the Brussels plan to bail out Greece for a second time has at least contained Europe's sovereign debt crisis for the timebeing. The eurozonecurrency rose to 1.136 against the pound, though the dollar ... See all stories on this topic » | ||||||||
| In Greek rescue, Euro leaders take cue from Deutsche Bank chief EUX.TV His name is Josef Ackermann. He is chief executive of one of Europe's biggest banks, Deutsche Bank. And, he is chairman of the International Institute of Finance, an international bank lobbying group set up to deal with international debt crisis. ... See all stories on this topic » | ||||||||
| Greek Debt Is Sustainable Only If Economy Grows - EU's Barnier Wall Street Journal Euro-zone leaders Thursday agreed on a new EUR109 billion bailout for Greece and new steps to prevent its debt crisis from spreading across the continent. The EFSF, the bloc's bailout fund, and the International Monetary Fund will lend the country ... See all stories on this topic » | ||||||||
| Bund futures extend losses on new EU rescue deal Reuters ... (Reuters) - Safe-haven German bond futures extended falls on Friday as the euro zone's lower-rated debt outperformed following the announcement of a second rescue package for Greece and new measure to prevent the spread of the region's debt crisis. ... See all stories on this topic » | ||||||||
| US stock index futures signal gains; GE eyed Reuters US stocks climbed on Thursday as signs of progress on the US debt talks and concrete action fromEurope on its own debt crisis heartened investors. * The Dow Jones industrial average gained 152.50 points, or 1.21percent, to 12724.41. ... See all stories on this topic » | ||||||||
| Daily Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and NZD International Business Times A resolution to the Greek debt crisis is a positive for the pound as the majority of British exports are sold in mainland Europe. After three quarters of essentially flat economic growth, the British economy needs healthy Eurozone demand if it has any ... See all stories on this topic » |
| Europe agrees sweeping new action on debt crisis - Stabroek News ... By Stabroek staff The package pleased financial markets because it suggested that for the first time since the Greekdebt crisis erupted early last year, the euro zone was taking a comprehensive, long-term approach to the problem, rather than simply ... Stabroek News |
| Europe Agrees To Sweeping New Action On Debt Crisis | VCCircle By bhawna The package pleased financial markets because it suggested that for the first time since the Greekdebt crisis erupted early last year, the euro zone was taking a comprehensive, long-term approach to the problem, rather than simply lending ... The euro and European stocks rallied sharply on news of the emerging deal. The Stoxx European banking index closed Thursday up 4.1 per cent and the insurance index gained 3.0 per cent. Italian and Spanish shares rose strongly. ... VCCircle Feeds |
| NewsDaily: Europe agrees sweeping new action on debt crisis By Luke Baker and Andreas Rinke The package boosted stocks and the euro because it suggested for the first time since the Greekdebt crisis erupted early last year that the euro zone was taking a comprehensive, long-term approach to the problem, rather than simply lending Greece more money to ... The euro and European stocks rallied on news of the deal. The Stoxx European banking index closed Thursday up 4.1 percent and the insurance index gained 3.0 percent. Italian and Spanish shares rose strongly. ... NewsDaily: Business Headlines |
| European leaders reach deal to resolve Greek debt crisis | MAARS News By Valkyries (CNN) — European leaders agreed on Thursday to provide a second bailout package for Greece and drastically expand rescue funds to prevent financial crisis spreading through the eurozone. ... to Greek bonds to prevent wider collapse in the event of a partial debt default in order to prevent wider collapse, diplomats told Agence France-Presse earlier on Thursday. The euro rose sharply and U.S. and European markets were broadly up following reported details of the draft. ... MAARS News |
| Greece gets new bailout with private sector help KLAS-TV Channel 8 News Las Vegas. Local News, Weather, Traffic, Sports, Entertainment for Las Vegas. ... They show how worried the eurozone is that its debt crisis could spill over from small countries like Greece, Ireland and Portugal to big ones like Spain or Italy. Bailouts for those countries would likely overwhelm the eurozones financial capacity. To avoid ever being in that position, the EFSF will be able to provide a "precautionary program," such as short-term ... Las Vegas News from 8NewsNow.com |
| Merkel's euro moment - The Local - Germany's news in English With the eurozone's sovereign debt crisis festering for months, Merkel has faced a barrage of criticism both at home and abroad for failing to lead Europe out of its worst economic crisis since the single currency was introduced 12 ... The Local - Germany's news in English |
| Eurozone Leaders Reach Greek Crisis Deal: EU President | Greece ... By Apostolos Papapostolou On the agenda was the idea of emergency loans for Greece and overhaul of the eurozone's bailout fund in an attempt to stop the debt crisis from engulfing larger countries like Spain or Italy. A draft document was discussed by the ... Greece.GreekReporter.com Latest... |
| Draft conclusion reached in Europe on Greek debt crisis | Olive ... By Smart Currency Spain STERLING hit a five-week high against the US dollar on Thursday as a draft conclusion was reached in Europe on the Greek debt crisis. This saw the euro rally against the US dollar and sterling followed the euro in gaining against the US currency. ... In the euro zone, markets rallied after European leaders agreed a new rescue deal for Greece that will trim the country's debt by 12% of GDP and see the European bailout fund given new sweeping powers. The euro gained 1% ... Olive Press Newspaper |
| Eurozone agrees second bailout for Greece By Dave Keating Stocks are rising today as the markets digest the news that Europe has taken a step back from the brink of economic disaster. Eurozone leaders yesterday agreed on a second €109bn bailout for Greece, something economists said had to come ... Once again, Europe's leaders have taken a small step to narrowly avert disaster. But without a big step to reform the Eurozone, is there any end to the debt crisis in sight? Greece's private lenders will be forced to participate in the ... Gulf Stream Blues |
| Second rescue package for Greece met with positivity | FX-MM By swills The EU summit during yesterday's session made sure of a volatile day in terms of trading. The market reacted well to news that Euro-zone leaders agreed on a second rescue package for debt-stricken Greece which included €109 billion of government money, ... However, the euro rallied in the afternoon to recover all the ground it lost against the pound, as investors studied a draft eurozonedebt deal which offered the hope of finally taming the debt crisis. ... FX-MM |
| EU agreement on Greece – no solution at all | Bill Mitchell ... By bill The big news over night apart from whether Murdoch junior lied and whether the Republicans will compromise with Obama and the Democrats was the successful conclusion of a package to save theEurozone and stabilise Greece. ... But while that is getting some coverage the news is being dominated by the “done deal” – the “solution” to the Euro debt crisis. When I read the – Statement by the Heads of State or Government of the euro area and EU institutions – I considered it a ... Bill Mitchell - billy blog |
| The Eurozone debt crisis statement | Credit Writedowns By Edward Harrison We also reaffirm our determination to reinforce convergence, competitiveness and governance in theeuro area. Since the beginning of the sovereign debt crisis, important measures have been taken to stabilize the euro area, reform the ... Credit Writedowns |
| Eurozone launches vast bid to solve debt woes (AFP) | Stock Market ... By Editor - Business News BRUSSELS (AFP) – Eurozone leaders broke new ground in their battle to solve the debt crisis, opening the way for a European-style IMF to. ... After weeks for market pressure and pleas from the US and the International Mmonetary Fund to contain the year-long debt drama, the eurozone poured another 159 billion euros ($229 billion) into Greece with private creditor help and deployed a safety net for future crises. The deal was cheered in Asian and European stock markets in ... Rocket News |
| Merkel and Sarkozy Pave the Way for a Deal on Greece | Spanish ... By diane Heads of State and Government of the euro zone countries held an emergency summit yesterday, to try to reach an agreement on the second rescue of Greece, with the aim of curbing the spread of thedebt crisis in Spain and Italy. ... Of this amount, 70000 million euros corresponds to new loans from the EU and the International Monetary Fund (IMF). The new plan will include a bank tax of 0.0025% of the assets of all entities in the euro zone, with which it aims to raise ... Spanish Property News |
| The euro crisis will give Germany the empire it's always dreamed ... By Peter Oborne The situation is very bad in the United States, where ratings agencies are threatening the once unimaginable step of downgrading Treasury bonds, and Congress is consumed by partisan wrangling over raising the nation's debt limit. ... The markets have rallied strongly, hailing what is being seen as the best chance of a resolution to the gruelling and drawn-out crisis. It is conceivable that yesterday's negotiations may indeed save the eurozone – but it is worth pausing to ... News |
| European debt crisis: an idiot's guide | Ghanaian Chronicle By salome Surely this must be some dodgy financial instrument designed to wave away the debt crisis at a stroke? Well, it might be if the euro bond actually existed, but there isn't a cat in hell's chance they ever will. Greece loves the idea of a euro bond because it basically mean the whole of the eurozonewould be responsible for Greece's debt, not just Greece. Understandably the Germans are not keen. As the only solvent country in Europe, the Germans would end up underwriting ... Ghanaian Chronicle |
| Eurozone debt crisis plan: live - Silobreaker The news, views and reaction to the eurozone leaders' debt crisis deal that will see a €159bn bailout ... $96 billion Greece bailout averts Euro crisis f. ... www.silobreaker.com/eurozone-debt-crisis-plan-live-5_22647... |
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