Today: EUROZONE Debt Crisis News, Aug 10, 2011 (2)

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Aug 19, 2011

EUROZONE Debt Crisis News, Aug 10, 2011 (2)


Why Europe Debt Crisis Won't Be Over Until Greece Defaults
CNBC.com
The overhang of the eurozone crisis has fueled anticipation that economic problems are accelerating—and is drawing calls from numerous quarters that the EU stop denying the severity of the debtproblem and start employing solutions. ...
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Euro debt crisis: 'No solution in sight'
CNNMoney
So far, the EU has responded to the debt problems in Greece, Portugal and Ireland by throwing billions of bailout euros at them in the hope that harsh austerity measures would do the rest. As thecrisis intensified over the last few weeks, the European ...
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EMERGING MARKETS-Latam stocks choppy as euro zone debt eyed
Reuters
By Luciana Lopez and Michael O'Boyle SAO PAULO/MEXICO CITY, Aug 19 (Reuters) - Latin American stocks seesawed early on Friday, buoyed by hopes that EU leaders may push harder for a solution to Europe's debt crisis, though analysts saw more uncertainty ...
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Debt Crisis Lessons For Europe
Daily Beast
Angela Merkel meets with Nicolas Sarkozy in Paris to discuss the European debt crisis. The two leaders seek to create an economic government which will consist of the 17 heads of the eurozone states., Trago / Getty Images Economists call this a “fiscal ...
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Daily Beast
A head-scratcher from Europe's debt crisis
MarketWatch (blog)
Steven Barrow, fixed-income strategist at Standard Bank in London, notes European Central Bank data showing that foreign purchases of euro-zone bonds with maturities of more than one year totalled 181.6 billion euros in the second quarter alone ...
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Poland "unsatisfied" with Franco-German proposal on debt crisis
Monsters and Critics.com
The two leaders had met on a plan to contain the eurozone's debt crisis that included a proposal that eurozone members adopt a constitutional 'golden rule' on balanced budgets, and introduce a 'true government' with a fixed president for the eurozone. ...
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US Can Recover, 'Extreme Action' Needed in Europe: Economist
CNBC.com
The US and European Union pose divergent threats to a global economic recovery and despite weak growth in the United States, the euro zone debt crisis is more likely to impede a recovery, Paul Donovan, deputy head of Global Economics told CNBC. ...
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CNBC.com
EURO GOVT-Bunds may hit record highs on growth, debt worries
Reuters
Fears that the euro zone's intractable sovereign debt crisis was increasing funding strains in money markets compounded investor jitters, prompting them to seek capital preservation in safe-haven government debt and dump riskier assets. ...
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European shares near 2-year lows
Reuters
The index has lost more than 16 percent in August. Stocks fell across the board, and the banking sector, exposed to the euro zone debt crisis, was among the hardest hit. The STOXX Europe 600 Banking Index was down 3 percent. ...
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The Euro Zone's Collateral Damage
Wall Street Journal
At each stage of the sovereign debt crisis, Europe has been forced to make policy on the hoof and react to events rather than getting ahead of the crisis. Finland's special collateral deal with Greece may only make the situation worse. ...
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Dudley: Fed Not Overly Concerned About New Bank Crisis
Wall Street Journal
Sovereign debt woes in Europe are roiling global markets, and appear to be taking a turn for the worse. Both Italian and Spanish government bonds have taken a hit, and Germany's stagnating growth is raising questions about the euro zone's ability to ...
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EU Debt Crisis, U.S. Data, and Morgan Stanley's Revised Growth Forecasts Send ...
ForexTV.com
By FXEmpire.com Jitters dominated global financial markets on Thursday, where rising pessimism from the European debt crisis and the health of the European financial system spread fears among traders and led investors to shun risky assets, ...
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Oil Prices Revive on Eurozone Remarks
TheStreet.com
"Brent has rallied back into positive territory on the comments from an European Union official that the EU may start issuing euro bonds in an effort to contain the debt crisis in the region," Summit Energy analyst Matt Smith explained. ...
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Apple worth about as much as 32 top Euro zone banks
Toronto Star
... amid Europe's sovereign debt crisis. Apple's market capitalization, the sum of its common stock price times the number of shares outstanding, was just shy of $337 billion (US) midday Friday, while the euro-zone banks' worth slumped to $340 billion, ...
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GLOBAL MARKETS: European Stocks Slump; Sentiment Rocked
Wall Street Journal
Among the biggest fallers, banking stocks continued hefty losses on worries about the cost theeuro-zone debt crisis could have on the sector. The Stoxx Europe 600 banks index lost 3.0%. Meanwhile, fears over global growth sent the Stoxx Europe basic ...
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The Multilateralist: Come together: is the world turning centripetal?
Foreign Policy (blog)
Similarly, the European Union does not receive high marks for its actions during the ongoing debt crisis. European policymakers working through EU institutions have consistently opted for piecemeal solutions that delay -- but never resolve -- the ...
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European Financials CDS Index Above Record Wide Closing Level
Wall Street Journal
Continued concerns about the sovereign debt crisis in Europe were also weighing, exacerbated by the lack of any definite resolution at a meeting between French and German leaders earlier in the week, analysts said. However, trading volumes are low ...
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European shares end torrid week firmly in the red
Reuters
Banks fell from the open, hit the low and remained under the cosh throughout, with rising borrowing costs the latest problem to hit the battered sector as it grapples with a regional debt crisis. Persistent concern over the handling of the crisis, ...
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PRECIOUS METALS: Gold Aims At $1900 As Fears Dominate Markets
Wall Street Journal
European stock markets extended their losses Friday, with bank stocks notching some of the steepest losses as investors worried the euro-zone debt crisis would eat into the sector's profits. Many market participants are concerned the lack of decisive ...
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Fed Eyes European Banks
Wall Street Journal
Regulators are seeking to avoid a repeat of the 2008 financial crisis, when the global financial system began to seize up. This time the worry is that the euro-zone debt crisis could eventually hinder the ability of European banks to fund loans and ...
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Wall Street Journal
Morning business news - August 19
RTE.ie
Uncertainty about European banks, poorer than expected economic data from the US and the ongoing euro zone debt crisis combined to spook the markets. The falls started in Europe, continued in the US while the news from Asia overnight is not good. ...
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Spain acts to boost coffers, boost property sector
AFP
But fears of a spreading eurozone debt crisis continue to haunt the financial markets. France's Nicolas Sarkozy and Germany's Angela Merkel vowed in a summit earlier this week to give the eurozone bloc a "true economic government" but provided no ...
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AFP
EU Morning Report- Euro falls on heightened eurozone debt contagion fears
IBTimes Hong Kong
The euro edged lower against a basket of currencies on heightened concerns that the eurozone debt crisis could spread to the whole financial system. Investors fear that the European Banks will have to face funding problems as uncertainty about the ...
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Blog: Why EU's 'Euro Bond' Solution Won't Work
CNBC.com
Which makes the joint bond idea no different to every other solution presented by the EU since thecrisis began, all of which have failed to restore market confidence. Investors started demanding a higher premium for holding southern euro zone debt ...
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Carnage Continues In Europe
RTT News
... recession and the sovereign debt crisis weighing on sentiment. US index futures are lower, while safe haven gold is seeking new highs. The Euro Stoxx 50 index of eurozone bluechip stocks is declining 3.32 percent, while the Stoxx Europe 50 index, ...
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Analysis: Growth takes back seat as markets bay for budget cuts
Reuters
Economists at Morgan Stanley, who this week lowered their 2012 growth forecast for the euro zoneto 0.5 percent from 1.2 percent, acknowledged that the sovereign debt crisis not only ruled out pump-priming but could force governments to tighten fiscal ...
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Is the world facing fundamental changes?
BBC News
No major developed economy has yet fully regained the output lost during the recession and global share prices remain almost a third lower than their peak prior to the crisis. Financial stocks have lost two-thirds of their value. Government debt has ...
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BBC News
Bad German GDP Numbers Will Kill This Sector
Investment U
European Union leaders are attempting to restore confidence in a battered euro region as the sovereign-debt crisis that's received so much press over the last year in Greece migrated to the third and fourth largest European economies – Italy and Spain. ...
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If France's economy is in trouble, then all of Europe is at risk.
Slate Magazine
France is not the epicenter of the Eurozone crisis. There is much—too much—competition for that position. Greece was an early favorite in the race to claim it, but faced a stiff challenge for a time from Ireland. Portugal made a sprint toward the ...
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MONEY MARKETS-Bank funding costs rise on Europe tension
Reuters
Investors have been underwhelmed by Europe's attempts to get its debt crisis under control and worry the euro zone's bailout fund is too small to aid larger economies such as Spain and Italy, both of which have come under market pressure and seen their ...
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19/08/2011Poland 'dissatisfied' with Sarkozy-Merkel summit
Expatica France
A member the European Union since 2004, ex-communist Poland is obliged to join the eurozoneunder it accession deal, but amid the zone's debt crisis has not pegged a target date to adopt theeuro and is not bound by a firm entry deadline. ...
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Global Growth, Euro Debt Fears Continue To Smash Equity
Wall Street Journal
This gauge has tumbled more than 23% from its February's peak amid concern that Europe will fail to contain its sovereign-debt crisis and that the economic recovery in the US will falter. September bund futures, meanwhile, have opened the session ...
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TSX may open lower on global economic worries
Reuters
N] * European shares approached two-year lows, extending the previous session's plunge, on fears that major economies are heading for recession and that policymakers have no answer to the euro zone debt crisis. [.EU] * Markets in Asia were also in red ...
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Limited menu to save the euro
Malta Independent Online
... and space to resolve their sovereign debt problems voluntarily. But the single-minded focus on austerity to the detriment of sustaining growth, and the unwillingness of policy makers to see theeurozone sovereign crisis as a regional systemic issue ...
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Euro debt crisis: 'No solution in sight' @ Forex Factory
By FF News
But given the enormous challenges involved and the unpalatable options available to them, few analysts expect EU policymakers to announce any meaningful changes soon. "There is no solution to the Euroland's sovereign debt crisis in ...
Forex Factory
Germans doubt Merkel can avert financial crisis - The Local
Three out of four Germans doubt Chancellor Angela Merkel can prevent the eurozone debt crisisturning into an outright economic and financial crisis, according to an opinion poll released Friday. Rösler says financial transaction tax must apply to ... Merkel held a summit meeting with French President Nicolas Sarkozy on Tuesday evening to discuss how to respond to the spreading concerns that the 17 nations that share the euro will be able manage their heavy debt loads. ...
The Local - Germany's news in English
Health services across Europe face cuts as debt crisis begins to ...
By Lisa Abbott
Health services across Europe face cuts as debt crisis begins to bite. BMJ 2011; 343:d5266. Authors: Muiris Houston, Michael Day, de Lago, John Zarocostas. “As the eurozone debt crisisspreads to Italy and Spain, BMJ correspondents ... Ireland was one of the first countries in the “eurozone,” the 17 European Union member states that have adopted the euro as their sole currency, to hit financial problems, leading to public sector cuts that have forced bed closures and a ...
Ethics & Health Law News
Fears of recession plunge world markets; Latam losses ... - World News
By admin
Markets plunged in Europe and the United States after Morgan Stanley said its new forecasts showed the United States and the Euro-zone “hovering dangerously close to recession” ... Markets were also concerned about the exposure of European banks to that Euro zone debt crisis. A report in the Wall Street Journal said that the Federal Reserve Bank of New York had asked for more information about whether the US bank units of big European lenders have reliable access to funds ...
World News: the latest local...
BETWEEN THE HEDGES: Today's Headlines
By Gary
Banks' sale of long-term debt fell behind again in July and August, which may be the weakest month on record, and that could force firms to further reduce leverage, bad news for banks and the economy, Spick said in the note. .... US Can Recover, 'Extreme Action' Needed in Europe: Economist. The US and European Union pose divergent threats to a global economic recovery and despite weak growth in the United States, the euro zone debt crisis is more likely to impede a ...
BETWEEN THE HEDGES
Belgium adds to call for euro bonds, bigger bailout – Reuters ...
By Google Inc.
VIENNA/BRUSSELS (Reuters) - Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls for . ... Get Regulator Push Over German Objections to Contain CrisisBloomberg.Euro-Style Anxiety SpreadsNew York Times Euro-zone Government Bond Supply Picks Up Next Week, Belgium EyedWall Street Journal CNNMoney -MarketWatch -Business Insider all 382 newsarticles » ...
Wall Street Financial News
Various Meltdowns … | Economic Undertow
By steve from virginia
Stocks on Wall Street dropped sharply on Thursday, with investors spooked, again, about the euro-zone debt crisis and the sputtering United States economy. Yet, even at this hour, leaders on both sides of the Atlantic seem ... Europe's post -2008 economic problems have differed from America's in many important ways. Washington has mercifully never had to cope with the problem of a dollar torn apart by the separate taxing and spending policies of 17 sovereign governments. ...
Economic Undertow
Understanding the European debt crisis | Westfair Online
By John Alan James
The failure to prevent a major sovereign debt default in any of the euro-zone nations could lead to major restructuring of the euro, an end to the monetary union and possibly the implosion of theEuropean Union itself. ...
Westfair Online
Euro zone - another poor week for single currency | Olive Press ...
By Smart Currency Spain
In the euro zone, it has been a poor week for the single currency with European GDP figures disappointing earlier in the week. Germany (seen as the only real economic powerhouse in the region) posted woeful growth figures as the region showed ... Euro hits three-week high against US dollar. August 16, 2011 | Business & Finance. Positive outcome expected to meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel to discuss the debt crisis...
Olive Press Newspaper
A summer of turmoil in the Eurozone » » The VibeThe Vibe
Summer holidays are being cut short on the continent this month as politicians scurry back to their capitals in an attempt at averting crisisNews that financial turmoil in the Eurozone has spread from its periphery to its core has shocked ... that there is 'no magic wand' which will solve the Eurozone'sproblems and none of the potential solutions are clear in their outcomes. The sovereign debt crisismay indeed last longer than anticipated but the Euro should survive. ...
The Vibe - Politics for the Digital...
Sterling makes further gains vs. Euro | Currency News
By Toby
POUND The Pound was up again on the Euro this morning as a fall in European stocks and fears over the worsening Euro zone debt crisis lent support to Sterling.
Currency News
Merkel and Sarkozy offer no miracle cure for euro - Business ...
New Franco-German proposals to boost fiscal convergence in the euro zone got a ... and failed to convince investors the bloc's debt crisis was closer to being solved. ... corporate tax rates in hopes that other euro members would follow suit. ... Some of the steps unveiled at the news conference in Paris on Tuesday ...
www.msnbc.msn.com/.../merkel-sarkozy-offer-no-miracle-cur...
Eurozone debt crisis: ECB buys record 22 billion euros of ...
FRANKFURT: The European Central Bank (ECB) said on Monday it bought a record 22 billion euros($32 billion) of government bonds last week, trying to ease a ...
articles.economictimes.indiatimes.com/.../29889086_1_yields-...
France, Germany meet over Europe debt crisis - Los Angeles Times
France, Germany offer steps on Europe debt crisis. Sarkozy and Merkel propose an 'economic government' over the 17 nations in the Eurozone and laws limiting national deficits. They stop short of the divisive idea of 'eurobonds.' ... Merkel and French President Nicolas Sarkozy hold a newsconference at the Elysee ...
articles.latimes.com/2011/.../la-fg-sarkozy-merkel-20110817
News Analysis: In Debt Crisis, Reminders of Disputes in Euro's ...
News Analysis: In Debt Crisis, Reminders of Disputes in Euro's Founding ... Bank shares plunge in global rout amid fears over Eurozone debt crisis · Daily ...
thunderfeeds.com/.../news-analysis-in-debt-crisis-reminders-of...
Merkel, Sarkozy propose eurozone government - KAIT-Jonesboro, AR ...
KAIT-TV Region 8 News Weather Sports plus Classifieds for Northeast Arkansas ... by many investors as the only way to halt the continent's spiraling debt crisis. .... The leaders want the new budget rules to be enshrined in euro zone ...
www.kait8.com/story/.../merkel-sarkozy-to-try-to-tame-debt-c...

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