Former chancellor slams German government for debt crisis handling Monsters and Critics.com Berlin - Former chancellor Helmut Schmidt on Thursday joined the growing chorus of voices criticizing the German government's handling of the eurozone debt crisis. 'During the whole of 2010 the government gave the impression that it didn't care whether ... See all stories on this topic » | ||
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The currency war hots up Khaleej Times With the eurozone shaken by debt crisis, the question is being raised: how did it happen. In retrospect, it's clear that the fault was not in the terms of the European Union Treaty, the Treaty of Maastricht, itself but lack of political courage to ... See all stories on this topic » | ||
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Sarkozy in China for EU zone crisis talks Ninemsn French President Nicolas Sarkozy will pay a lightning visit to Beijing for talks with his Chinese counterpart likely to be dominated by the euro zone debt crisis and the conflict in Libya. Sarkozy's brief stopover on Thursday, on his way to the French ... See all stories on this topic » | ||
Four EU states extend short-selling ban Reuters By Huw Jones LONDON (Reuters) - Italy, France, Spain and Belgium extended their short-selling bans on Thursday in a bid to cushion bank stocks from the euro debt crisis, but hinted the curbs could be lifted by October. Spain and Italy said their bans ... See all stories on this topic » | ||
German minister urges an EU policy merge RTE.ie German Finance Minister Wolfgang Schaeuble has said that countries that share the euro will need a common financial policy at some point. He spoke against a background of how to resolve theeurozone's chronic sovereign debt crisis, which is proving ... See all stories on this topic » | ||
Banks Borrow More Euros From ECB, Dollar Supply Seen Tighter Wall Street Journal Liquidity fears grew when Rabobank Group, one of Europe's best-capitalized lenders, said it has become more careful in providing loans to banks in fiscally-troubled euro-zone countries, another sign that the sovereign debt crisis threatens to disrupt ... See all stories on this topic » | ||
European shares extend rally to 4th day; banks gain Reuters German consumer sentiment fell slightly going into September, a survey showed, hitting a 10-month low as the euro zone debt crisis and fears of another recession in Europe and the United States weighed on expectations. ... See all stories on this topic » | ||
EURO GOVT-Collateral wrangle hits Greek debt, Bunds volatile Reuters Any move in US Treasuries was likely to spill over into German Bunds but investors in core euro zone debt were not taking major positions on the outcome, traders said. "What we see in coreEurope is more a matter of the European sovereign debt crisis ... See all stories on this topic » | ||
Europeans cut back on basics as recession fears grow Reuters However, it reported lower sales in Greece and Spain, which are at the center of the euro zonesovereign debt crisis. Dutch group Heineken, the world's third-biggest brewer, said on Wednesday weak consumer sentiment and a wet summer in Europe would ... See all stories on this topic » | ||
Pre-NY Open Top Stories: Gold Extends Decline, UK Data Soft, Greece Issues ... FXstreet.com Part of the reason is a move back into stocks after investors fled to gold amid uncertainty about global growth (and US growth) as well as the sovereign debt crisis. Higher margins have attributed to today's decline From Reuters: “Gold extended losses ... See all stories on this topic » | ||
Gilts as a safe haven for investors The Economist In early 2010, even as the euro's debt crisis was building, Britain's bond yields were on a par with those of Spain, which has a similarly large budget deficit but smaller public debt. Their paths have since diverged (see chart below). ... See all stories on this topic » | ||
CORRECT: Raiffeisen Mulls Capital Increase In Next 12 Months Wall Street Journal "When the markets develop positively for us, the chance [of a capital increase] will increase; when we find ourself in a crisis scenario, the chances will decrease," said Stepic. If measures taken by Brussels to tackle the euro-zone debt crisis calm ... See all stories on this topic » | ||
Six lessons Japan can teach the West TIME (blog) The Europe-wide “stress tests” used to measure the health of the sector have bordered on being a joke. Without stronger banks, you can't have stronger growth. Nor can Europe resolve its sovereigndebt crisis. Waiting, as in Japan, will only make ... See all stories on this topic » | ||
Tata Steel hits 52-week low on euro-zone debt worries India Infoline.com This softening of the market was compounded by the Eurozone sovereign debt crisis and by forward economic indicators that pointed to a manufacturing slowdown in Europe and North America. On a consolidated basis, Tata Steel's net profit surged 192.9% to ... See all stories on this topic » | ||
Britain should bite the bullet and back a eurobond Financial Times The gathering eurozone crisis threatens to plunge Europe, including Britain, into a double-dip recession. The UK chancellor of the exchequer fears getting the blame for leaving Britain vulnerable to renewed economic turmoil by attempting to cut the ... See all stories on this topic » | ||
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GLOBAL MARKETS-Stocks drop on German weakness, dlr advances Reuters However, markets have been sensitive to developments in the euro zone region, given the area's growing sovereign debt crisis and concerns about European banks' stability. Worries about both theeuro zone debt crisis as well as the faltering US economic ... See all stories on this topic » | ||
Dollar Strengthens Amid Speculation Before Bernanke Speech San Francisco Chronicle ... the European debt crisis is starting to impact confidence in the core economies and particularly Germany, which is really seen as supporting euro-zone growth in general," Burrowes said.European Union lawmakers will hear from EU finance chiefs Aug. ... See all stories on this topic » | ||
Europe Power-Calendar years' rise halted Reuters Africa French Cal '12 also edged 10 cents lower to 56.50 euros. German consumer sentiment fell slightly going into September, a survey showed, hitting a 10-month low as the euro zone debt crisis and fears of recession in Europe and the United States weighed ... See all stories on this topic » | ||
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OPAP Q2 net down 30.4 pct, misses forecast Reuters OPAP has shed 35 percent of its market value so far this year amid plunging stock markets due to the euro zone debt crisis. (Reporting by Angeliki Koutantou; Editing by Will Waterman) ($1=.7099Euro) See all stories on this topic » | ||
Hong Kong's July Exports Climb Less-Than-Estimated 9.3% Bloomberg The outlook for overseas shipments is deteriorating as expansion in the US and Europe falters and the euro zone's sovereign debt crisis deepens. “The end of Japan supply side disruptions has helped give an upside boost to all export-reliant economies ... See all stories on this topic » | ||
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UAE FX forwards near 15-mth low, interbank rates flat Reuters Global markets have been in turmoil for the past month, weighing another possible US recession and the impact of the euro zone debt crisis on the world economy. The dollar held steady against the yen on Thursday, clinging to gains made the previous day ... See all stories on this topic » | ||
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Eurozone will not only survive, but grow, says OECD Irish Independent "I think more countries will be joining the euro," Angel Gurria said. "The euro and Europe will remain the largest trading bloc in the world for a long time to come." Efforts by European leaders to stop the spread of the region's debt crisis by ... See all stories on this topic » | ||
Eastern Europe's economies The Economist Optimists argue that low living standards, coupled with high education levels and proximity to rich markets, mean potential for continued rapid growth of the kind seen until the financial crisis. The recent bounce in output seems to support that. ... See all stories on this topic » | ||
German shorting ban talk spooks European shares Reuters Italy, France and Belgium have already implemented short-selling bans and will announce shortly whether they will be extended to prevent any further slide in bank shares as the euro zone debt crisis deepens. Spain's stock market regulator said on ... See all stories on this topic » | ||
Channelling Buffet, French Rich Demand Higher Taxes TIME (blog) Okay, so let's be fair: whacking the petition signed by 16 of France's wealthiest citizens and CEOs for its limits in asking the government to dig into their pockets in response to the debt crisis France and its euro zone partners now face isn't ... See all stories on this topic » | ||
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Signs point to possible recession in Germany Minneapolis Star Tribune Global stock markets were battered last week by fears that Europe was headed for a sharp slowdown while political leaders were still struggling with the sovereign debt crisis. But investors shrugged off the bad news Wednesday, and Europe's main stock ... See all stories on this topic » | ||
Forex - Option Flows: Another EUR/USD range play FXMarketAlerts.com But a break of 109.50, with EUR breaking 1.4340 could see vols jumping higher today 16% again. WL FT: Germany's head of state has accused the ECB of “legally questionable” action in buying up the bonds of countries worst-hit by the eurozone debt crisis ... See all stories on this topic » | ||
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Merkel most powerful gal, again The Province ... she contends with a weakening support base and crisis in the eurozone, where Germany is often in the unenviable position of bailing out its weaker neighbours. "She is out to stabilize EU debt and keep the 17-member euro zone unified. ... See all stories on this topic » | ||
The West's economy The Economist Today there is no boldness (the euro-zone crisis is the epitome of politicians doing too little too late). There is no co-ordination. And, to the extent that policies have a common theme, it is the wrong one: politicians across the rich world are ... See all stories on this topic » | ||
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China and the Big US Bet Morningstar A glaring anomaly is how the euro held its value against the US dollar (but not third currencies) when the eurozone debt crisis intensified just before the package for Greece was negotiated on 21 July when people were concerned about the end of the ... See all stories on this topic » | ||
Euro Unity Was Always An Illusion istockAnalyst.com (press release) They gorge until the food runs out. Greece was the first crisis only because the bankers had to start somewhere. Italy isn't far behind. Thanks to out-of-control spending, government debt there stands at 120 percent of gross domestic product. ... See all stories on this topic » | ||
Bernanke to disappoint EURO positions? OANDA Forex (blog) Despite the optimistic headline order print, regional factory surveys this month have shown that demand has plunged as concern over the European debt crisis worsens. Empire manufacturing data has slowed for a third consecutive month and the Philly Fed ... See all stories on this topic » | ||
Throwing America under the bus NSBNEWS.net It was only the relentless and altogether praiseworthy exigency of the Republicans which brought thedebt crisis to the broad attention of the public. It was only Republican devotion to the salvation of our economy which drove the Dems from Obama's ... See all stories on this topic » |
The Volokh Conspiracy » Red and Blue Eurozone Sovereign Bonds? By Kenneth Anderson One persistent question about the crisis in the eurozone is why it is a crisis for the euro at all. The sovereign debt of individual states is denominated in euros, but the issuer remains a national government, not the “eurozone” or the European Central Bank .... Presumably eurozone bonds on this analysis are just another indirect bailout, as an economic conclusion and perhaps a legal one as well. However, a new and interesting report from the European think tank Bruegel, ... The Volokh Conspiracy |
France, China agree on global coordination over debt crisis ... Beijing: Amid a debt crisis threatening the world economy, France and China today agreed on the need to coordinate the policies of the G-20 members to reinforce global confidence. The debt issue and the Libyan crisis came up for discussion during a ... He said China has expressed confidence in the euro and the European economy despite some concerns. “President Hu is not worried by the situation in the eurozone. He told us he had confidence in the euro,” Sarkozy said. ... Firstpost |
XE.com - German consumers downbeat on global recession worries-GfK German consumer sentiment fell slightly going into September, a survey showed on Thursday, hitting a 10-month low as the euro zone debt crisis and fears of another recession in Europe and the United States weighed on consumer ... XE Forex News |
The Eurozone Debt Crisis: From its origins to a way forward | The ... As the Eurozone debt crisis reaches a turning point, this Policy Brief argues for a more organised intervention by the ECB to stop contagion through the ... www.ceps.be/.../eurozone-debt-crisis-its-origins-way-forward |
Euro Down As EU Summit Debt Crisis Disappoints ... - Online bbc news Euro Down As EU Summit Debt Crisis Disappoints. HONG KONG: The euro has ... to calm the intense concerns about the future of the 17 euro zone countries. ... onlinebbcnews.com/euro-down-as-eu-summit-debt-crisis-disap... |
Merkel, Sarkozy call for Eurozone 'government' amid mounting debt ... Merkel, Sarkozy call for Eurozone government amid mounting debt crisis ... Germany and France are calling on all euro-zone members to enshrine a balanced ... for breaking news around the world without the spin and corporate influence. ... beforeitsnews.com/.../Merkel,_Sarkozy_call_for_Eurozone_g... |
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