Today: EUROZONE Debt Crisis News, Aug 28, 2011

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Aug 28, 2011

EUROZONE Debt Crisis News, Aug 28, 2011


Debt crisis keeps markets weak
Economic Times
The European nations' debt crisis is serious due to a fundamental flaw in the formation of theEuropean Union (EU). The EU is a political and currency union while on the fiscal side the countries remain separate. Among member countries, there are ...
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A Small Country — Finland — Casts Doubt on Aid for Greece
New York Times
... that is preventing Greece from defaulting on its debt. Finland is the most vivid example of the way domestic politics can become Continental problems, threatening the unity of the 17 euro zonemembers as they face their deepest crisis ever. ...
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Euro bail-out in doubt as "hysteria" sweeps Germany
Telegraph.co.uk
German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe's revamped rescue machinery, threatening a consitutional crisis in Germany and a fresh eruption of the euro debt saga. ...
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Telegraph.co.uk
Three years after Lehman, a new debt crisis looms
The Guardian
Concerns are once again being expressed about the health of the banks, about America's national debt and, above all, about whether the eurozone can survive its current crisis intact. Standard Chartered and HSBC were the two UK-based banks to emerge ...
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The Guardian
ECB's Trichet: Advanced Economies' Crisis a 'Formidable Challenge'
Wall Street Journal (blog)
Many believe the half-measures taken by European policy makers could lead the debt situation in the euro zone to become a full-blow banking crisis. European banks in solid economies like France and Germany are vulnerable because they hold sovereign ...
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Merkel Rejects Collateral Deals
Wall Street Journal
Despite her backing of collateral demands, which so far have received support mostly from Euroskeptic governments, Ms. von der Leyen's medicine against the euro-zone debt crisis is to strive for a much closer political union in Europe in financial, ...
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Analysis: Economic leaders fear policy paralysis
Reuters
In Europe, leaders are fighting over who should pay for the sovereign debt crisis in the euro zone, which has a unified regime for monetary policy but whose member nations run their own budget policies. Lagarde, whose appearance on Saturday was a late ...
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Thomas Freidman Spews Nonsense with Hurricane Force
Business Insider
The story of the debt crisis of these countries is primarily the story of the inept monetary and financial policy run by the European Central Bank (ECB) in the years leading up to the crisis. They opted to ignore the imbalances created by housing ...
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How to Turn a Continent Into a Subprime CDO
truthout
The European sovereign debt crisis is little more than a huge 'bait and switch' perpetrated on the publics of Europe, by their governments, on behalf of their banks. We need to remember that what we refer to today as the 'European Sovereign Debt ...
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Spain's parties sign deficit deal
Mail & Guardian Online
Spain's ruling and opposition parties bridged bitter rivalry and struck a deal on Friday to cap the long-term public deficit and fend off fears of a state debt crisis. The ruling Socialist and conservative opposition Popular Party set a maximum ...
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The Baltic miracle continues
GlobalPost
Last week's winner looks to history for lessons on Europe's debt crisis. Check the membership site in mid-September for a link to completed piece. Estonia has reason to crow. It has a debt-to-GDP ratio of 6.6 percent, compared to Greece's 143 percent. ...
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GlobalPost
Gül says he has full confidence in economy management
Today's Zaman
In an interview with the Anatolia news agency, Gül was, among many other subjects, asked to comment whether or not he sees any threat to the Turkish economy if the United States slides back into recession and the debt crisis in the 17-membereurozone ...
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Today's Zaman
Can Gaddafi's downfall boost the euro?
Malta Independent Online
What is more, Brussels should be more active because a meltdown of the eurozone as a whole would be unbelievably scary and expensive. The crisis affecting the 17 countries that use the eurohas created a political vacuum at the heart of Europe, ...
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Dealing With These Uncertain Economic Times
Credit Union Times
Real sovereign debt crises at a number of European countries threaten another banking crisis inEurope. Standard & Poor's downgraded the US long-term credit rating. Wild gyrations in the stock markets were accompanied by a record low rate on the ...
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Counting Down To A Global Meltdown
Seeking Alpha
As I wrote about in a recent article about the sovereign debt crisis, if the dominoes begin to tumble in Europe it is going to take everybody down. The big banks in Europe are leveraged to the hilt, and they are massively exposed to government debt. ...
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Global factors leading to market volatility
Economic Times
The sovereign debt crisis has exposed many issues with having a single currency across various countries in the European region. The diverse political systems and regional issues are coming in the way of implementing strong austerity measures to ...
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Slovakia baulks at joining yet another bailout
Telegraph.co.uk (blog)
Several Slovak MPs are refusing to endorse the bailout deal unless the EU takes effective steps to get on top of the debt crisis. Opposition is led by the AECR's Slovak ally, the Civic Conservative Party (OKS). Its leader, Peter Zajac says he doesn't ...
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Telegraph.co.uk (blog)
I apologize to Michael Lewis.
Toronto Star Blogs (blog)
The key thing is that since 2009 Lewis has published four brilliant articles in Vanity Fair on the globaldebt crisis as it affects Europe specifically. They are the kind of long-form journalism that the MSM increasingly shuns in favor of superficial ...
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Eurobank, Alpha Bank to swap shares for merger: source
Reuters
FTATBNK has fallen more than 55 percent since the beginning of the year and more than 76 percent since the start of 2010, when the debt crisis that forced Athens to seek an EU/IMF bailout erupted, sending shockwaves throughout the euro zone and global ...
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Central Bank alone in its optimism
Malta Independent Online
Such risks emanate from uncertainty about the underlying strength of the global recovery, fragility of foreign financial markets and from the ongoing sovereign debt crisis in the eurozone that could trigger further austerity measures. ...
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Europe's small steps and giant leaps
Today's Zaman
Until this summer, the sovereign-debt crisis was confined to three small countries – Greece, Ireland and Portugal. Spain had succeeded in limiting the spread between its interest rates and those of Germany to about two percentage points. ...
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Merkel vulnerable as euro, Libya backlash builds
Vision Insights and New Horizons
But it is Merkel's piecemeal approach to the euro zone's worsening debt crisis that has come under fire over the past week and now threatens her iron grip on power in Germany. For some in Germany, she has gone too far by bailing out stricken euro zone ...
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It's The End Of The World
Business Insider
Factor in slower growth and higher unemployment and two recessions by the end of the decade (typical for the aftermath of a banking/debt crisis), and see what those deficit projections look like. Given the large amount of data coming next week, ...
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NewsDaily: Analysis: Merkel vulnerable as euro and Libya backlash ...
By Noah Barkin and Erik Kirschbaum
NewsDaily: Your best source for breaking news ... But it is Merkel's piecemeal approach to the euro zone's worsening debt crisis that has come under fire over the past week and now threatens her iron grip on power in Germany. ... Now that support is crumbling too, wiping away some more of the magic that she exuded in her first years in office, when she was celebrated in Germany and abroad as the "Gipfelkoenigen" -- or Summit Queen -- for brokering deals with in the EU and G8. ...
NewsDaily: Top Headlines
Analysis: Merkel vulnerable as euro and Libya backlash builds ...
By Editor - Business News
But it is Merkel's piecemeal approach to the euro zone's worsening debt crisis that has come under fire over the past week and now threatens her iron grip on power in Germany. For some in Germany, she has gone too far by bailing out ...
Rocket News
Eurozone crisis over in two to three years: EFSF chief | AAJ News
By AFP
aaj-latest-news. Lyari operation ends, 3 dozen people detained space ... The head of the European Financial Stability Facility (EFSF), Klaus Regling, believes the eurozone will overcome its currentdebt crisis by 2014. “One can justifiably ...
AAJ News
Eurozone seen recovering before US - The Local
The eurozone is in better shape than the United States and will overcome its current debt crisis by 2014, according to the German head of the European Financial Stability Facility (EFSF). Obama, Merkel agree to boost global economy (28 Aug ...
The Local - Germany's news in English
NewsDaily: Analysis: Economic leaders fear policy paralysis
By Ann Saphir and Mark Felsenthal
In Europe, leaders are fighting over who should pay for the sovereign debt crisis in the euro zone, which has a unified regime for monetary policy but whose member nations run their own budget policies. PHONE CALLS, SPEECHES. Lagarde ...
NewsDaily: Business Headlines
Affected by the debt crisis in Europe the euro zone ... - Forex News
latest ECB data released Wednesday show that, due to reduced commodity trade surplus, the euro zone current account deficit increased 6.
www.forex-news.co/affected-by-the-debt-crisis-in-europe-the-...

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