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| Euro debt crisis festers as Moody's downgrades Greece Telegraph.co.uk The eurozone debt crisis fears continued to fester on Monday as Moody's downgraded Greek debt saying it is "almost certain" to default following last week's bailout deal and yields on Italian and Spanish bonds widened again. ... See all stories on this topic » | ||
| Sinn warns of Eurozone 'self-service shops' Austrian Independent Hans-Werner Sinn – who heads the Institute for Economic Research (IFO) in Munich, Germany – has become one of the most outspoken critics of the European Union's (EU) steps in reaction to thedebt crisis of Eurozone members like Greece. ... See all stories on this topic » | ||
| Central bank governor: China always confident in euro People's Daily Online Zhou said China welcomed the agreement by the euro zone and European Union leaders on the second-round bailout plan for Greece and a crisis management mechanism for the euro zone on July 21 to ensure debt remains sustainable in the euro zone and ... See all stories on this topic » | ||
| Healthy euro is in Britain's interest Sydney Morning Herald The bursting of the debt bubble has taught the EU some hard lessons, writes George Osborne. One word sums up the biggest economic challenge facing the developed world: debt. It's the problem that lies behind the crisis talks in the euro zone, ... See all stories on this topic » | ||
| Euro rally slows after the EU debt agreement FXstreet.com However, during the recent crisis, we couldn't but turn more cautious on all euro long exposure until a comprehensive plan was in place. After last week's EMU debt plan, short-term event risk on theeuro zone has declined. ... See all stories on this topic » | ||
| European Bank Stocks Avoid 'the Abyss' as Investors Remain Wary San Francisco Chronicle The Stoxx Banks gauge is still trading for 20 percent less than the average price estimate of analyst projections tracked by Bloomberg, and 20 percent below the reported value of their assets, asEurope's 21-month debt crisis sent borrowing costs from ... See all stories on this topic » | ||
| Spotlight: The debt crisis puts commodity markets on edge Procurement Leaders News The debt crisis in the US and EU has been making headlines across the world over the past few weeks and months. Not only has it been putting pressure on Governments both sides of the Atlantic it has also been playing havoc in already volatile commodity ... See all stories on this topic » | ||
| Analysis: France weakest link in the euro's AAA chain Reuters By Leigh Thomas PARIS (Reuters) - French President Nicolas Sarkozy's key role in calming theeuro zone crisis helps to take some of the heat off his own country's simmering debt troubles in the run-up to a presidential election. ... See all stories on this topic » | ||
| Investors sell stocks, buy gold on US debt crisis Reuters Africa Investors have been whipsawed in the past few months by hope and disappointment over policymakers' ability to halt sovereign debt crises in the euro zone and the United States. The focus was squarely on Washington now after European leaders scraped ... See all stories on this topic » | ||
| MONEY MARKETS- Funding costs widen slightly on US debt crisis Reuters ... investors took protective action to shield their portfolios from the euro zone crisis before last week's bailout calmed sentiment. Though funding markets have been whipsawed in recent weeks due to concerns over the debt crises in the US and Europe, ... See all stories on this topic » | ||
| Analysis: UniCredit to lead cash queue if EU crisis worsens Baltimore Sun LONDON/PARIS (Reuters) - UniCredit , Societe Generale and Deutsche Bank may have passed the recent health check of Europe's banks, but they are likely to be among the first big lenders in need of cash if the euro zone crisis worsens. ... See all stories on this topic » | ||
| EURO GOVT-Bunds outperform Treasuries on US debt worries Reuters Analysts said the euro zone debt crisis was a bigger worry for the medium term, with the Greek deal only solving a near-term liquidity problem and not the country's solvency crisis. "A technical default by the US Treasury...would be traumatic for ... See all stories on this topic » | ||
| Europe Product Swaps-Diesel diffs firm, naphtha boosted Reuters Africa LONDON, July 25 (Reuters) - Diesel barge differential swaps were stronger on Monday compared with the same time a week ago as anxiety eased over the euro zone debt crisis and some players moved to cover their short positions. ... See all stories on this topic » | ||
| FOREX-Dollar dips with US debt ceiling talks deadlocked Reuters The sweeping bailout and policy package agreed by euro zone leaders last week has helped stem market panic in the short-run. But analysts say the measures may not be enough to bring the crisisto a swift resolution. "Things aren't too rosy in Europe ... See all stories on this topic » | ||
| Debt crisis risks growth in GCC economies The National ABU DHABI // Stronger GCC economic growth and a recovery in the private sector are being put at risk by the debt crisis in the US and Europe. Stalled financial market activity and a correction in oil prices are the most immediate ways the debt troubles ... See all stories on this topic » | ||
| Propping Up Banks, as Well as Greece New York Times The industry is unloading much of its Greek risk onto the European Union and helping to quash fears that the sovereign debt crisis could morph into a second financial crisis. The agreement reached in Brussels last week may anger anyone who thinks that ... See all stories on this topic » | ||
| Bulgarian Euro 'Not a Hot Topic,' Finance Minister Djankov Says Bloomberg Euro-area leaders on July 21 hammered out a new aid package for Greece to end a 21-month old sovereign debt crisis that threatened to rip apart the single currency. Leaders, including German Chancellor Angela Merkel, have called for tighter fiscal ... See all stories on this topic » | ||
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| US Debt Ceiling Deadlock, Default & the Markets The Market Oracle On Thursday, Euro-area leaders stepped up their efforts to resolve the ongoing Greek debt crisis, announcing €159Bn ($229Bn) in new aid for Greece. They arranged for bondholders to foot part of the bill and expanded the power of the €440Bn Euro rescue ... See all stories on this topic » | ||
| Lankan exports to EU expected to drop Lanka Newspapers Recently International Monetary Fund warned that markets doubted the eurozone s ability to find a solution to the debt crisis as it urged European leader to act quickly to prevent contagion that could damage the global economy. ... See all stories on this topic » | ||
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| Euro Collapse, US Debt Ceiling Default Armageddon Irrelevant to Stocks Stealth ... The Market Oracle Lets stay with the Euro-zone debt crisis, yes the PIIGS are bankrupt, and they are not alone, so is Japan, Britain and the United States, that is nothing new, it is not news, it is the sovereign debt mega-trend which is driving the INFLATION mega-trend ... See all stories on this topic » | ||
| The Greek crisis: An opportunity for Europe? EurActiv Lower interest rates and debt buybacks by a special fund will hopefully make the country's debtburden manageable, avoid contagion in the euro zone and ultimately saving the euro and theEuropean Union itself. Bowing to pressure from Germany, ... See all stories on this topic » | ||
| Turning Drama into a Crisis Action Forex What should have been a relatively routine issue of raising the debt ceiling is now threatening to develop into a major crisis. Republican negotiators continue to sense weakness in President Obama and will continue to push for more concessions to ... See all stories on this topic » | ||
| Portugal says no softening of austerity post-summit Reuters He told a banking conference the summit reduced the chances of the Iberian country getting caught up in debt crisis contagion and allows for better market access while Portugal faces at least nine consecutive quarters of economic contraction with ... See all stories on this topic » | ||
| Spain Says Greek Rescue 'Solid,' Private-Sector Role Exceptional Bloomberg ... worth 159 billion euros ($223 billion) and strengthened the region's bailout mechanism to offer protection to other euro-region nations in a bid to stamp out contagion from the debt crisis. “Theeuro zone will not let Greece fall,” said Zapatero. ... See all stories on this topic » | ||
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| GREECE - Factors to Watch on July 25 Reuters ... Greece is in partial default, a senior EU official said. [ID:nLDE76M02I] Greece's debt crisis offers a good opportunity for Chinese companies to invest in the country as it privatises assets, the Chinese ambassador was quoted as saying on Sunday. ... See all stories on this topic » | ||
| Afternoon Forex Overview Action Forex In reversing an image of political dysfunction in the euro zone and erasing some of the uncertainty surrounding the region's debt crisis, this week's Greek bailout deal gave the euro a sizable boost. But there's not much conviction that the European ... See all stories on this topic » | ||
| downtrend persists Business Recorder The franc has been the G10 currency of choice for investors and traders seeking relative safety and liquidity from concerns that euro zone's sovereign debt crisis could become a solvency crisis, with Italian and Spanish bond yield spreads over German ... See all stories on this topic » | ||
| UK Research Team, IG Group IG Markets CFD Trading Moody's has waded back into the eurozone crisis with yet another downgrade of Greek sovereigndebt. The rating was slashed by three notches, to Ca from Caa1, which according to Moody's means that Athens is already in default. ... See all stories on this topic » | ||
| Morning Briefing: Region to Follow Euro Moves; US Debt Eyed Wall Street Journal (blog) The Hungarian bond market will likely be on the lookout for any further comments and details regarding the euro zone periphery debt crisis; yield levels could edge down if the forint gains further strength against the euro and the Swiss franc. ... See all stories on this topic » | ||
| KEN CLARKE: NEVER RULE OUT JOINING THE EURO Express.co.uk Mr Clarke also criticised people who seemed to relish the prospect of euro collapse in the debt crisis hitting countries such as Greece. He stressed that Britain would suffer if its major trading partner – the eurozone – did badly, adding: “The euro ... See all stories on this topic » | ||
| Only Eurobonds can save the EU project PublicServiceEurope.com To narrow this gap, the eurozone needs to introduce Eurobonds. The idea has been circulating without success since the early 1990s, when Jacques Delors was at the helm of the European Commission. It resurfaced as the financial crisis hit Europe in 2008 ... See all stories on this topic » | ||
| Europe Stocks to Open Sharply Lower on Debt Fears CNBC.com European stocks were expected to open sharply lower on Monday after shares ended higher for the day and week on Friday following a successful conclusion to the euro zone debt deal on Thursday and better than expected earnings news. ... See all stories on this topic » | ||
| S.Korea-Market Factors to watch July 25 Reuters Africa MARKET SNAPSHOTS *Seoul shares rebounded on Friday on hope the euro zone debt crisiscould ease after the region's leaders agreed on further steps to aid debt-stricken Greece. *US stock index futures fell more than 1.0 percent on Sunday as the failure ... See all stories on this topic » | ||
| Recession Warning On Europe's Periphery EconoMonitor Excluding the financial crisis, the July survey was the most downbeat since the Iraq war in 2003, and consistent with a flat trend in quarterly gross domestic product. In fact the rate of expansion – the composite indicator registered just 50.8, ... See all stories on this topic » | ||
| Euro Improves for the Week Currency-Converter.com The euro managed to pull ahead during the week. This due to positive debt crisis deals. The US dollar gained during the Monday trading session, but the euro struggles to gain. The US dollar gained against most major rival currencies. ... See all stories on this topic » |
| Weekly Review: Is The Euro Cheap or Expensive? By Leo Alkalay In the Eurozone, a week that was characterized by incredible volatility ended on a bit of a sour note in spite of Thursday's announcement of a deal for a new and improved bailout mechanism, known as the European Financial Stability ... Hence, we believe that any shocks on risk premiums of that particular market are a good representative, not only of the Euro crisis, but because Italian bonds represent a substantial portion of the outstanding debt within the European ... eToro Blog |
| ekathimerini.com | Rescuing the euro project In a first since Greece was hit by the debt crisis, eurozone governments last week went further than providing a band-aid remedy for the countryÃs deficit. Following a long period marked by internal division and foot-dragging, ... The markets welcomed the news, but there are signs that the pressure on the eurozone will remain. The CouncilÃs decision is a good start, but to avoid further attacks by speculators, the decision must come with bold steps in the direction of ... ekathimerini.com : Latest News |
| Bankrupt Greece Blackmails Europe, Bailout or Euro Zone Dies ... The Market Oracle Newsletter June 29th, 2011 Issue #13 Vol. 5 .... How is that a solution for the debt crisis? How will that prevent eventual debt default ? Answer - It won't! The ONLY solution is for theEurozone economies to GET their economic houses in order which means cut the deficits and total debt as a % of GDP which can only be achieved through economic growth which means public sector spending cuts and reform of economies to generate economic growth that means ... The Market Oracle |
| Moody's downgrades Greece to near-default - IRN News By afrederick This rescue for Greece involves initially up to 2014 about 110 billion euros from eurozonegovernments in various forms and 50 billion euros from banks. But Moody's said the effect would be “limited.” ... The rescue offered short-term relief both to Greece, and to the eurozone, and so reduced the risk of contagion from the debt crisis, the agency said in an overall muted assessment of the long-term effects. On Friday, the French-US rating agency Fitch said that it would ... |
| A French-German Agreement On Greece? - The Palgrave Econolog ... By Republished content 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. I actually think the best ... Oh, this is beginning to feel like the crisisall over again in at least two respects: news events taking place on the weekend (well at least from the US perspective) and multiple wobblies happening at the same time. ... The Palgrave Econolog - latest... |
| Thought Food: The Road to European Unification: There and Back Again? By Jan Fidrmuc Sovereign defaults and Eurozone exits have been proposed as possible solutions to the on-goingdebt crises in the peripheral member countries: Greece, Ireland, Portugal and Spain. ... Their debt, as long as it is subject to their national law, would be redenominated in the new currency. Once the currency depreciates, the euro value of debt would thus fall. The domestic lenders would not be hurt by this but the foreign ones would effectively receive a 'haircut' equivalent ... Thought Food |
| John Mauldin On The Euro Crisis: Kicking The Can Down The Road One ... And now, let's turn to Europe. Kicking the Can Yet Again My friends at GaveKal point out that this is: “… the sixth time in 18 months European leaders have announced a definitive solution to the Euro crisis. Should this version of the ... Minyanville |
| Greek Bailout Unveils Political Economy of Europe's Debt Debacle ... By George Anastasiadis Greece being the only European economy with low private but massive public debt allowed for its electorate to be held responsible for a complacent political system. Had the private sector (incl. ban.... like for other debtor economies, It would be harder to get taxpayers to accept long term austerity. This explains the Eurozone's aversion to recognize its banking problem, disguising it instead into a public deficit issue, but also reveals its limitations ... GLG News(sm): Legal, Economic... |
| NewsDaily: Analysis: Trichet loses face but leaves ECB a winner By Paul Carrel FRANKFURT, July 25, 2011 (Reuters) — On the face of it he buckled. European Central Bank President Jean-Claude Trichet addresses a news conference at the end of an euro zone leaders crisissummit in Brussels July 21, 2011. REUTERS/Jan Van De Vel ... German Chancellor Angela Merkel on the other hand got the private sector involvement she needed to sell the deal to lawmakers and voters in Germany at a cost of underwriting Greek debt. "The ECB and the fiscal agents made ... NewsDaily: Top Headlines |
| Sovereign Debt Crisis - Europe Considers Greek Default, Leaders to ... Debt Crisis: Deal Sought to Head Off Stock Plunge .... "There will be an extra summit this Friday," a senior euro zone diplomat told Reuters, ... www.cnbc.com/.../Europe_Considers_Greek_Default_Leaders... |
| DJ Resolving EU Debt Crisis Will Take Focused Effort -Merkel BERLIN, Jul 22, 2011 (Dow Jones Commodities News Select via Comtex) -- German Chancellor Angela Merkel said Friday that solving the euro zone's debt crisis ... news.tradingcharts.com/futures/2/6/161969962.html |
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