Today: EUROZONE Debt Crisis News, Aug 31, 2011

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Aug 31, 2011

EUROZONE Debt Crisis News, Aug 31, 2011

EU debt crisis gravest since World War II, warns Trichet
euronews
Europe's debt crisis shows no signs of ending any time soon. With frightening speed the turmoil engulfing the euro zone has spread to Italy and Spain. There have been calls for a radical cure, notably eurobonds. However, the EU Commission's finance ...
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Debt crisis: as it happened - August 30, 2011
Telegraph.co.uk
Yields have fallen since the European Central Bank started buying Italian and Spanish government bonds on the secondary market on August 8 to ringfence the euro zone'sthird- and fourth-largest economies from a spreading debt crisis. ...
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Telegraph.co.uk
After Debt Crisis, Slow Pace of Growth Becomes A New Worry For Europe
Dice News
On Monday other officials highlighted worry about euro zone's weaker growth prospects, which is still tottering from debt crisis that started in Greece. European commissioner for economic and monetary affairs, Olli Rehn acknowledged the European ...
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Can the Eurozone survive?
The Hill (blog)
By Jonathan S. Henes, Kirkland & Ellis, LP - 08/30/11 11:10 AM ET The Eurozone is experiencing a perfect storm - a debt crisis, a banking crisis and a growth crisis. Consequently, the Eurozoneneeds to consummate a massive and comprehensive debt ...
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Italy Living on Borrowed Time
Wall Street Journal
At the time, fears of debt-crisis contagion from relative minnows Greece, Portugal and Ireland were threatening to strand the whales of Spain and Italy. Investors were worried that the euro zone's €440 billion rescue craft, the European Financial ...
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FOCUS: Banks Turn To Covered Bonds Again As Debt Market Reopens
Wall Street Journal
Smaller banks or lenders with high exposure to the troubled euro-zone periphery remain vulnerable to a possible funding squeeze, keeping pressure on European policy makers to produce a convincing remedy to a government debt crisis that markets have ...
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Is the Greek bailout falling apart?
TIME (blog)
The euro zone debt crisis intensified after the deal, turning up the heat on giants Spain and Italy. And now, bitter infighting within the zone threatens to derail the entire Greek bailout package. If the deal can't be rescued, the failure would ...
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Is the Euro Zone Debt Crisis Sapping Economic Growth?
Credit Writedowns
All told, we think that the ongoing EZ debt crisis coupled with the potential for a recession keeps theeuro range bound for now and thus makes sterling more attractive which is corroborated by recent positioning trends. ...
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Rescue Fund Hits Snags in Germany and Finland
Wall Street Journal
... growth in Germany and other euro-zone countries, Charles Forelle reports on Markets Hub. (Photo: Reuters.) At issue is securing German parliamentary approval for a deal Ms. Merkel brokered with other European leaders in July to keep the debt crisis ...
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Accounting Board Criticizes European Banks on Greek Debt
New York Times
The criticism comes as Europe's lenders face calls to shore up their balance sheets and restore confidence to investors unnerved by the euro zone debt crisis, funding market jitters and a slowing economy. In a letter addressed to the European ...
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WORLD FOREX: Euro Falls Back After Dire Confidence Data
Wall Street Journal
By Javier E. David NEW YORK -(Dow Jones)- The euro retreated from a near one-month high Tuesday after a weak reading on consumer sentiment provided investors with a grim reminder about the toll Europe's debt crisis continues to exact on the Continent. ...
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Nationalise banks to solve Euro debt crisis, says veteran fund manager
Citywire.co.uk
by Chris Sloley on Aug 30, 2011 at 13:34 The case for nationalising beleaguered European banks remains strong in the wake of hollow political action to tackle the on-going Eurozone debt crisis, veteran fund manager Jacques Chahine has said. ...
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30/08/2011Merkel urges harmonised policies in eurozone
Expatica Germany
German Chancellor Angela Merkel called Tuesday for more coordination between eurozonemembers, insisting they must adopt similar policies to get to the bottom of the debt crisis. "We have to deal with the core of the (eurozone debt crisis) problem, ...
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Confidence in euro zone drops the most since global downturn, EU survey shows
The National
The fall in confidence is yet another worrying sign for European leaders as they struggle to contain the continent's debt crisis. The EU and IMF have bailed out Greece and Ireland, and the European Central Bank (ECB) restarted a bond-buying programme ...
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The National
Consumer confidence tumbles amid debt crises and market upheaval
The Guardian
In a month affected by volatile market behaviour, we believe that the deepening of the sovereign debt crisis, combined with the material loss of momentum in the real economy, risks plunging confidence indices into a self-sustaining negative spiral. ...
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The Guardian
Debt Crisis: Former French President's Take
Forex News Now
... the euro zone and keep their own (weak) currency. If Angela Merkel and Nicolas Sarkozy took these decisions, he says, it would be enough to end most of the international speculation on the viability of the EU in wake of the sovereign debt crisis. ...
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EBA Views Submitted On EU Policy Options For Banks Not New
Wall Street Journal
The comments leave a big question mark over how far the EU is prepared to go to solve its debt crisis, especially in breaking the fateful linkage between national governments and their respective banking systems. Concerns about banks' exposure to ...
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Double-dip fears across the West as confidence crumbles
Telegraph.co.uk
Some Northern banks would have to be nationalised for a while to prevent losses on Southern debt causing a financial crisis. Stephen Jen from SLJ Macro Partners said the next phases of the eurozone crisis is likely to come when the debtor states ...
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Telegraph.co.uk
Morning News Call - EMEA, Aug 31
Reuters
Renewed concerns about the euro zone sovereign debt crisis weighed on the euro, while the dollar also struggled after minutes of the Fed's August 9 meeting bolstered expectations for more stimulus. The euro remained under pressure after lukewarm demand ...
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Euribor 3-month rates steady for second day running
Reuters
FRANKFURT, Aug 30 (Reuters) - Key euro-priced bank-to-bank lending rates held steady for a second day running on Tuesday, as concerns about the economic outlook balanced downward pressure from an excess of liquidity. A worsening euro zone debt crisis ...
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Eurozone suffers loss of confidence in Austria
Austrian Independent
A majority of 58 per cent told the Viennese agency last December that the Euro would weather the current debt crisis. The currency is used by 17 of the European Union's (EU) 27 member states since 1 January when Estonia joined the so-called Eurozone. ...
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Double Dip Concerns, Italian Austerity and Debt Auction, and Data Pressure EUR
FXstreet.com
Signs of lower-than-expected demand at the auction — awaited as a crucial test of emergency steps taken to stem the spread of the euro zone debt crisis — pushed Italian bond yields higher and sparked a rally in safe-haven German debt immediately ...
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Just say no to more stimulus spending
Troy Media Corporation
As the current sovereign debt crisis sweeps through the Euro-zone and the United States struggles to maintain financial respectability, Canada is viewed globally as a prudent and safe refuge. Given this context, one would have thought that the last ...
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European Union Survival Depends On Its Ability To Reform
eGov monitor
Without this, the current debt crisis suggests that an unreformed European Union will find it impossible to survive in the future. The crucial insight is that the current crisis is not simply one of this moment. It is one of the future. ...
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Fitch delivers fresh alert to Ireland on credit rating
Irish Independent
The agency said recently measures from the EU were not finally fixing the eurozone debt crisis. "Although these measures represent positive steps towards securing financial stability, they fall short of a comprehensive solution to the crisis of ...
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Next Global Financial Crisis Looms
NuWire Investor
The threat of a banking crisis leading to a meltdown centers on Europe. European banks hold huge amounts of their home sovereign's debt, as well as debt of their Eurozone neighbors. So when default risk rises for any sovereign in the euro area, ...
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Lagarde Vs Lagarde On Economic Stimulus
Wall Street Journal (blog)
For those who have followed the euro-zone sovereign debt crisis, this position was fairly surprising. French Finance Minister Lagarde was never the most hawkish of Europe's top economic policy officials. But she has been a key architect of France's ...
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EU Morning Report- FOMC minutes weigh on the dollar
Easy-Forex
The euro plummeted yesterday retreating from near a two month high against the dollar weighed by renewed concerns over the eurozone debt crisis. A weak Italian bond auction pushed Italian yields higher raising fears about a debt contagion to eurozone's ...
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Gold Edges Up In Cautious Trading, Eurozone Worries Rekindle
India Infoline.com
The euro area's economic prospects are deteriorating as national governments cut spending to narrow fiscal deficits amid the sovereign debt crisis. Economic and Monetary Affairs Commissioner Olli Rehn signaled yesterday that the EU may cut its 2011 ...
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S&P Says Europe May Escape Double-dip Recession
RTT News
Such policies have helped to prevent a liquidity crisis within the euro system. But, the impact of these policies on the real economy has been limited, it said. The rating agency now expects the European Central Bank to delay any further interest rate ...
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The Investor Dashboard: August 2011
Financial Times
Anaemic domestic GDP growth rates, massive geopolitical risks in the USA and eurozone, and finally the threat of inflation due to higher input prices such as Oil. We fully recognise that raising the US debt ceiling as resolution of the US debt crisis ...
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Balanced budgets and European debt market
The Baltic Course
The EU member states are using all possible efforts to eradicate the crisis and pave the way to a sustainable growth. But the crisis legacy is too complicated to wipe away and sovereign debts are growing. How to lessen the burden? ...
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The Baltic Course
The Eurozone GDP fell short of expectations
Balkans.com Business News
Especially in countries affected by the debt crisis, the labor market should remain under pressure. As more and more countries get hit by the crisis, the overall burden on the Eurozone gets ever more important. For example, the extremely weak economic ...
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Long-Term Problem in Stocks: Citi CIO
CNBC.com
August was an uncomfortable month for investors as concerns about the euro zone debt crisis and the first ever downgrade of the US credit rating sent markets downwards. The price of gold "Babies were thrown out with the bath water," George Godber, ...
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CNBC.com
Afternoon Forex Overview
Action Forex
European confidence in the economic outlook in August plunged the most since December 2008 as a persistent debt crisis roiled markets and clouded growth prospects across the 17-nation euroregion. Euro zone countries will find a way to satisfy demands ...
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Economic Confidence Declines in US, Europe
Voice of America
The uncertainty could force banks to hike interest rates -- raising the risk of debt defaults among weaker eurozone countries. Iain Begg at the London School of Economics says the resulting crisiscould have a domino effect on banks in the US "I think ...
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Global economy is dangerously close to recession: Morgan Stanley
Toboc - Trade News
Recent economic events in the US and Europe have been disappointing. Europe's insufficient response to the sovereign crisis and the events around lifting the US debt ceiling have negatively impacted the financial markets and substantially eroded ...
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European Stocks Still Aren't Cheap Enough
Wall Street Journal (blog)
But government austerity policies in response to the sovereign-debt crisis could knock one quarter of a percentage point off growth next year alone, UBS estimates. Even on a relatively benign assumption that the euro-zone economy grows between 0% and ...
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Commission to organise EU budget conference
EurActiv
The two leaders are known advocates of a strong budget, with Poland eyeing a bigger share of EUspending for its poorer regions. Both men sought to counter the impression that the ongoing debt crisis in the euro zone had left EU leaders with no ...
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UPDATE 1-Czech stress tests: banking sector resilient
Reuters
Czech banks weathered the financial crisis without needing any bailouts, thanks to a strong deposit base, and a limited exposure to foreign exchange movements. They have negligible holdings of euro zone periphery debt, but some still suffered sharp ...
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Japan gold exports hit 6.1 tons in July
The News International
Analysts expect gold to extend gains further given that the fundamentals which have supported the rally so far the debt crisis in the euro zone and worries over US economic deterioration appear unlikely to change in the near future. ...
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Daily Forex Overview
FXstreet.com
Rescue Fund Hits Snags in Germany and Finland German Chancellor Angela Merkel is weighing whether to yield to a demand by some lawmakers for a bigger voice in future debt bailouts as a condition to win her party's approval for a stronger euro-zone ...
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Poland central banker: Euro bonds look more likely
MarketWatch
(MarketWatch) — The more time it takes for the members of the euro zone to end the sovereign-debt crisis plaguing the bloc, the more likely it is that member nations will have to resort to issuing euro bonds to take care of the crisis, ...
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MarketWatch
“Tough measures – key to solving EU debt crisis” — RT
By RT
EU politicians must be honest with their own electorates if they are to efficiently tackle the ongoingdebt crisis in the region, says columnist Francesco Sisci. ... tribute · RT partner hotels · Online game “The Debates” · 50 years of man in space · RT's online golf contest. breakingnews. Go to main page News “Tough measures – key to solving EU debt crisis” ... Merkel and Sarkozy propose euro-zone “government” to tackle debt crisis. Germany and France are calling on all euro-zone ...
News RSS : Today
Global Economy Likely to Dodge a Reprise of the ... - Setyoufree News
By Mario A.
If Italy is the next domino to fall in the EU's ongoing sovereign debt crisis, the resultant chain reaction could devastate the eurozone's economy, financial system, and stock markets. The global repercussions would be akin to the chaos that ...
Set You Free News
XE.com - UPDATE 1-Hungary PM targets debt at 70 pct/GDP in 2012
Hungary hopes to cut its public debt below 70 percent of economic output next year, Prime Minister Viktor Orban said on Wednesday, adding that his government would speed up public sector reforms in the face of the euro zone debt crisis.
XE Forex News
Is the end nigh for the euro? | top1000funds.com
By AMANDA WHITE
Further, Schuh said the specific Eurozone debt crisis could affect the larger landscape. “The acceleration of the Euro sovereign crisis is dominating the investment outlook, replacing the theme 'the power of no return on cash'. The breakup of ...
top1000funds.com
NewsDaily: Bank of Italy warns on growth as bond sale falters
By Catherine Hornby and James Mackenzie
Italy's central bank warned on Tuesday government efforts to cut debt were at risk from weak growth as a tepid bond sale threatened to drag the euro zone's third biggest economy back to the center of the debt crisis. ... With prospects for growth in the United States looking shaky and the International Monetary Fund worried about Europe's banking sector, the outlook for the Italian economy is extremely uncertain, which in turn threatens budget plans. Visco warned that the drive to ...
NewsDaily: Business Headlines
EUobserver.com / Let's talk about EU / Eurozone debt crisis ...
Eurozone debt crisis dominates European Parliament agenda ... players in solving the Euro zonesovereign debt crisis this week, President of ... News in Brief ...
euobserver.com/1015/113465
Euro chiefs call for quick debt crisis plan implementation ...
Euro chiefs call for quick debt crisis plan implementation. News; Videos; Video Details; Photos. Jakarta Globe 2011-08-29: .... Financial crisis: towards a permanent rescue mechanism for theEurozone - European Parliament. Order: Reorder ...
article.wn.com/.../Euro_chiefs_call_for_quick_debt_crisis_pla...

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