Jean-Claude Trichet defends buying bonds to halt European debt crisis The Guardian A slowdown in growth in the eurozone's two core economies would only encourage speculation that they are next in line to be contaminated by the debt crisis. Bloomberg reported that, for the first time in three years, the cost of insuring against a ... See all stories on this topic » | ||
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The US Debt Crisis according to a Harvard Professor (Part 1) Forex News Now What is needed is first to admit that all the accumulated debt will never be repaid. In Europe, it is necessary to largely reduce the debt of the peripheral countries of the Euro zone. I don't discount the possibility that some countries may be forced ... See all stories on this topic » | ||
INTERVIEW: Ireland's ESRI To Cut 2011 Growth Forecast On Euro Crisis Wall Street Journal By Eamon Quinn DUBLIN (Dow Jones)--The chief economist at Ireland's leading think tank is preparing to cut his economic forecasts for the country because the "nightmare" of the euro debt crisis has further depressed the Irish economy. ... See all stories on this topic » | ||
Spain rejects need for rescue Sydney Morning Herald Fears that the major European economies of Spain and Italy could be the next dominoes of a widening eurozone debt crisis have gripped financial markets. Those concerns have been overshadowed for now by an historic downgrade of the United States' ... See all stories on this topic » | ||
PH stocks slump further on US downgrade, euro debt crisis ABS CBN News Analysts said markets have been jittery over the threat of a recession after Friday's US credit rating downgrade and a warning that the eurozone debt crisis had spread to other economies. "Markets are panicking. The US is down by 18% from its peak, ... See all stories on this topic » | ||
Insight: Equity analysts behind the curve...again Reuters "The whole sovereign debt crisis requires a knowledge of politics that, for most part, they don't have." Economists polled by Reuters now believe the chances of another US recession are rising andEurope's recovery is also at risk, although they are ... See all stories on this topic » | ||
World economic fears prevail CNN Europe's debt crisis rages on with no end in sight. Japan is still struggling to overcome its March earthquake. And rapid growth in booming China is even starting to gradually slow down. Can you blame anyone for viewing the glass as half empty? ... See all stories on this topic » | ||
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What is Happening in the Stock Market? Morningstar.com And, above all regarding the situation in Europe, there is uncertainty. What are the implications of an Italian default? We don't know. How will the eurozone respond to a debt crisis, in a context of independent fiscal policies of its member countries? ... See all stories on this topic » | ||
German Banks Steady Despite Euro Zone Crisis: Analyst CNBC.com Beyond Sovereign Debt Outside of the impact of the sovereign debt crisis on German banks, Rohr said investment banking activity by Deutsche Bank would be hit in the third quarter. "I believe it will be very tough for them to show a very strong Q3, ... See all stories on this topic » | ||
Housing market: Is credit crunch mark II on the way? MindfulMoney "A considerable burden also rests on governments to tackle the core problem of the sovereign debt crisis and introduce policies aimed at stabilising public debt levels." "However, any durable solution to the problem may lie well beyond Europe and the ... See all stories on this topic » | ||
US Stocks In Biggest One-Day Drop Since 2008 Spero News Policymakers from the world's top economies have been trying to soothe financial markets, which have been shaken by a historic downgrade of the US debt rating and the spreading eurozone debt crisis. By RFE/RL The US stock market has plunged to its ... See all stories on this topic » | ||
Dutch Finance Minister Stirs Up EFSF Debate Wall Street Journal (blog) Late Monday, the Dutch Finance Minister warned that the euro-zone's rescue fund is “no panacea” to solve the problems in the currency area, despite calls that it should have more firepower (read: more money) to prevent the debt-crisis from spreading. ... See all stories on this topic » | ||
Persian Gulf Bonds Attract Investors Amid Flight From Europe: Arab Credit Bloomberg By Alaa Shahine and Jason Webb - Tue Aug 09 07:45:35 GMT 2011 Qatar, the world's fastest growing economy, and Abu Dhabi are luring bond investors keen to cut their investment in markets closer to Europe's debt crisis. The average yield on Persian Gulf ... See all stories on this topic » | ||
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Brazil Stocks Plunge, Currency Weakens On US Ratings, Europe Debt Wall Street Journal The European Central Bank purchased Italian and Spanish government bonds on a large scale, easing some investors' concerns about the euro-zone countries' own debt difficulties. Domestic investors in Brazil had already been taking advantage of high ... See all stories on this topic » | ||
Economist Joe Durkan Cuts Forecasts for Ireland Wall Street Journal (blog) As an economics consultant in the 1980s, he scrambled for work amid the country's debt crisis that marked that stagnant decade. But even Mr. Durkan hasn't seen anything like the damage suffered from the euro debt spiral. The lead author of the ESRI's ... See all stories on this topic » | ||
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Euro falls under 1.05 Swiss francs as likelihood of parity increases Washington Post By AP, GENEVA — The euro moved closer to parity with the Swiss franc Tuesday as investors continued to look for safe haven assets to park their cash amid volatile stock markets and worries over Europe's government debt crisis. ... See all stories on this topic » | ||
Markets panic in wake of US downgrade FX-MM This could prove difficult, following continued worries about global economic growth, concerns over the eurozone debt crisis and finally late on Friday the downgrade of the US sovereign credit. This all comes at a time when many top policy makers are ... See all stories on this topic » | ||
Markets rebound, but jitters remain Business Standard Indian shares recouped a majority of their early losses on Tuesday to finish lower, as investors across the world continued their flight towards safer assets on concerns over the euro zone debt crisis and recession fears in the US. ... See all stories on this topic » | ||
Italian Stocks - Factors to watch on Aug 9 Reuters [ID:nWNA6092] Italian and Spanish mid-sized banks are under increasing strain from the euro zone debt crisis. Funding costs are rising, short-selling of their shares is more prevalent and commercial banks are parking more money with the European ... See all stories on this topic » | ||
EU Regulators Not Planning Short-Sales Ban Currently Wall Street Journal Sharp falls in European stock markets, caused mainly by fears that the US may slide into recession and exacerbate the euro-zone debt crisis, had inflamed speculation early Tuesday that European Union officials, who have had a troubled relationship with ... See all stories on this topic » | ||
UPDATE 1-Estonia gets S&P upgrade, shows way for Greece, others Reuters The Baltic cutbacks were a forerunner of the medicine prescribed in the past year or so to euro zonenations Greece, Ireland and Portugal as they were forced to seek international bailouts. "The ongoingdebt crisis in Europe highlights once again the ... See all stories on this topic » | ||
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EU speeds up anti-crisis measures after US downgrade EUobserver.com Ratification of the EFSF upgrade is deemed as essential for the ECB to buy Italian and Spanishdebt. The bank last week agreed to return to bond markets to buy debt from troubled euro-countries but limited new purchases to Ireland and Portugal in a ... See all stories on this topic » | ||
Germany at center of storm as stockmarkets dive Beaver County Times For the last year and a half, Germany has been quick to hit the brakes on expensive plans to fightEurope's worsening financial crisis by supporting debt-ridden neighbors with billions of euros in bailout funds and extra credit. ... See all stories on this topic » | ||
Stock plunge adds to fund pressure, but Asia holds up Reuters Such violent swings in shares have rattled Treasury desks and risk managers looking for protection from fears that the US economic slowdown and burning euro zone crisis may cause seizures similar to those seen during the 2007-08 financial crisis. ... See all stories on this topic » | ||
Creditors must brace for bad debt endgame Telegraph.co.uk Substitute the word trillion for million, and this famous observation pretty much encapsulates the problem at the centre of today's global debt crisis. When the debtor over-extends himself, it doesn't matter how much penury is imposed on him by way of ... See all stories on this topic » | ||
Investment Technology Group Inc. Reports Operating Results (10-Q) GuruFocus.com In Europe, institutional market turnover has fallen dramatically as economic uncertainty continues in the Euro zone with the prevailing sovereign debt crisis. Canadian revenues lost some momentum during the second quarter, despite favorable exchange ... See all stories on this topic » | ||
ECB's Trichet urges euro zone to implement measures Reuters PARIS (Reuters) - European Central Bank President Jean-Claude Trichet said on Tuesday euro zone governments must work fast to implement new emergency bailout measures for the debt-laden bloc agreed at July 21 crisis talks. "What we ask is that all the ... See all stories on this topic » | ||
Greek stocks slump 3.9% BusinessLIVE Greek stocks fell six percent on Monday in volatile trade following the unprecedented Standard and Poor's US credit rating downgrade Friday and worries over the mounting eurozone debt crisis. The main Athex index spiralled below the 1000 barrier to end ... See all stories on this topic » | ||
600-Point Dow Plunge Primes Europe for Heavy Losses CNBC.com ... further pressure in overnight trade and Asian stock exchanges falling between 4 and 9 percent money has also been pouring out of oil and into safe haven assets like the Swiss Franc and gold amid fears over a debt crisis in the US and euro zone. ... See all stories on this topic » | ||
Slovakia - Factors To Watch on August 9 Reuters Slovakia should reject any changes to the euro zone's rescue fund, parliamentary speaker Richard Sulik, who also heads a junior government party, said on Monday, raising a potential threat to plans to tackle the bloc's sovereign debt crisis. ... See all stories on this topic » |
Poles no longer at euro pole position — RT By RT As eurozone members join forces to save the common economy, one EU state is happy it is not bailing out the single currency. Poland was supposed to adopt the euro next year, but those plans are now on ice with Warsaw eager to stay out of the ... Top G20 officials discuss economic crisis. The deputy finance ministers of the world's 20 leading economies held a conference call to discussEurope's ongoing debt woes and the downgrading of the US's credit rating. US debt crisis ... News RSS : Today |
NewsDaily: Obama speaks with Spanish, Italy leaders on eurozone NewsDaily: Your best source for breaking news ... ECB says will "actively implement" bond-buying. FRANKFURT, Aug. 7, 2011 (Reuters) — The European Central Bank said on Sunday it would "actively implement" its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion. ... NewsDaily: Top Headlines |
Debt crisis: new stability pact will Rösler | Economics Newspaper By B.B debt crisis: Rösler wants new stability pact Article Services stress test, debt brake, stability council: Minister Rösler (FDP) proposes to calm the. ... debt crisis: Rösler wants new stability pact. Article. Services ... Economics Newspaper |
The Real Banking Crisis | What Am I Missing Here? By WhatAmIMissingHere Their response to that decision may determine the financial future of the Eurozone. Since 2008, EUGovernment bailouts have transformed a traditional banking crisis into a full-blown sovereign crisis. The European Central Bank (ECB) has ... Its €1.8 trillion of borrowing in nominal terms is more than the debt of Greece, Spain, Portugal and Ireland, combined.14 Italy and Spain are too big to fail and too big to bail-out, so the future of the Eurozone will be seriously ... What Am I Missing Here? |
San Francisco Sentinel » Blog Archives » Is the world going ... By The San Francisco Sentinel Is the world going bankrupt? - Debt crisis and market turmoil. 8 August 2011. Europe and the US are hopelessly over-indebted. The crisis that started in the US real estate sector in 2007 has devastated state finances on both sides of the ... There are growing signs everywhere of a new financial crisis, and the political leaders of the West are looking helpless and out of their depth. The United States is struggling with an enormous budget deficit. And the euro zone's ... San Francisco Sentinel |
Market rout deepens global economic crisis — Clearing and Settlement By RSS Feed BEIJING/SINGAPORE (Reuters) – The global economy stumbled deeper into crisis as stock markets slumped further in Asia on Tuesday, with investors losing confidence that the United States andEurope can rein in their debt burdens quickly and avert a double-dip recession. ... The downgrade heightened concerns that the twin-pronged crisis of a worsening euro-zone debt crisis and a faltering U.S. economy raised the risks of a double-dip recession. ... Clearing and Settlement — Clearing... |
The Irish Economy » Blog Archive » The Debt Crisis By Philip Lane 24 Responses to “The Debt Crisis”. Milton Keynes Says: August 9th, 2011 at 9:45 am. I thought the Issing made a lot of sense until i got to the last sentence in the article describing the euro as the “most successful project of economic integration in the history ... DAX opened up 1.7%, then proceeded to hit 7% down at one point (-5% now), ie 8.7% negative swing in the space of an hour or so. No news, seems like some stopping out and some delta hedging of positions maybe. ... The Irish Economy |
The Skeptical Speculator: Stocks sink, Europe in bear market even ... By lim While the US stock market saw a bigger drop on Monday, Europe's bigger fall since its peak in February leaves it in bear market territory. There was some good news on the European front though. From Reuters: European Central Bank buying of Italian and ... French CDS rose some 55 bps since July 22 on worries the euro zone debt crisis could spread to core countries as well. Last week, the 10-year French/German government bond yield spread hit euro lifetime highs of 91 bps. ... The Skeptical Speculator |
Trichet sees markets in worst crisis since WWII - Washington Examiner By The Associated Press Germany has sailed through the debt crisis relatively unscathed. Despite much grumbling over the big contributions to the rescue packages to Greece, Ireland and Portugal, the eurozone's largest economy enjoyed stellar growth last year ... Examiner RSS |
Rough Idle: the motorcycle industry's chances in the global debt ... By Wes Siler Rough Idle: the motorcycle industry's chances in the global debt crisis. Rebirth. This week, the United States and the countries of the Eurozone both sustained a new wave of economic crisis, largely as a result of sovereign debt. ... It is true that many legacies are seeing a renaissance of sorts, as a falling Euro, rising Yen and dealer overstock has led to near price parity between once exotic brands like Ducati, Triumph and their Japanese mainstream rivals, ... Hell for Leather |
Top European Official: Europe's 'Worst Crisis Since World War II ... By AP BRUSSELS — The head of the European Central Bank on Tuesday defended his institution's decision to help stabilize the bonds of Spain and Italy, but indicated that the ECB doesn't see itself as the eurozone's lead firefighter for long. ... Despite the ECB's reluctance to take a central role in fighting the debt crisis, analysts have warned that it may not be easy for the bank to halt its bond-buying program once the eurozone bailout fund has been equipped with its new ... FierceReason.com |
Spain to offer bonds as ECB meets amid crisis - Yahoo! News Read 'Spain to offer bonds as ECB meets amid crisis' on Yahoo! News. ... Article : China voices confidence on euro zone debt as crisis spreads .... Central Bank said it would make major purchases of eurozone bonds to stem a debt crisis ... news.yahoo.com/italy-seeks-eu-political-support-market-turm...
Previewing the BOE Inflation Report – Assessing UK Growth Prospects Key to GBP FXstreet.com Osborne wrote in the Daily Telegraph newspaper today that the US rating cut and Europe's debt crisis are a “vindication” of his efforts and show that governments can “earn credibility.” The UK has benefited from political will to cut the deficit and ... See all stories on this topic » Democracy, challenged Washington Post The scariest aspect of the current political-economic crisis is that it tests this faith in democratic governance. The political systems in the United States and Europe have proved unable over the past year to solve crucial financial problems. ... See all stories on this topic »
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