EUROZONE Debt Crisis News, Aug 07 2011

Franco-German statement on euro zone debt crisis Reuters ... to tackle the euro zone debt crisis. "President Sarkozy and Chancellor Merkel reiterate their commitment to fully implement the decisions taken by the heads of state and government of theeuro area and the EU institutions on July 21st 2011. ... See all stories on this topic »

Debt crisis: Is this the end for the euro? Telegraph.co.uk Photo: Reuters By Philip Aldrick, Economics Editor And, with €9bn (£7.8bn) ofeurozone government debt held in the bond markets, you need to be brave to bet against the vigilantes. Last week the euro hit crisis point. Silvio Berlusconi was forced into ... See all stories on this topic » Analysis: Uncertainty surrounds Italy's deficit-cutting plan Reuters Italy already runs one of the lowest budget deficits in the euro zone at 3.9 percent of GDP this year, which together with its conservative banking system and high rate of private savings, has kept it largely clear of the euro zone debt crisis until ... See all stories on this topic » Reuters France and Italy stand by to bail out biggest banks as euro crisis worsens Daily Mail They have undertaken to manage their debt in a prudent way.' Separately, Baroness Shriti Vadera, once a key aide to Gordon Brown, warned the current crisis could be worse than that of 2008. The former Labour Minister said: 'The reason it's potentially ... See all stories on this topic » Daily Mail Forex - Weekly outlook: August 8 – 12 Forex Pros In the euro zone, the European Central Bank said it would begin buying Italian and Spanish government bonds in exchange for fiscal reforms, in an attempt to ease investors concerns over the region's ongoing debt crisis. Italian Prime Minister Silvio ... See all stories on this topic » NewsDaily: Analysis: Uncertainty surrounds Italy's deficit-cutting ... By Deepa Babington and Gavin Jones Opaque pledges and a lack of detail on measures to speed up deficit reduction plans risk undermining Italy's hopes of winning a reprieve from financial markets that have pushed the country to the brink of crisis. ... already runs one of the lowest budget deficits in the euro zone at 3.9 percent of GDP this year, which together with its conservative banking system and high rate of private savings, has kept it largely clear of the euro zone debt crisis until last month. ... NewsDaily: Top Headlines Telegraph.co.uk

From Wall Street to Rothschild Bld Ha'aretz S&P's downgrading of the US credit rating adds a frightening dimension to the debt crisis in theeuro zone - in Greece, Spain, Italy and even France, which is also moving too slowly to reduce its chronic deficit. By Nehemia Shtrasler Tags: Israel US ... See all stories on this topic »

Debt crisis: Beijing happy to help eurozone but is wary of domestic cost Telegraph.co.uk Beijing has already voiced its frustration at its impotence to influence what it sees as reckless politics in the West and poor economic management. If the debt crisisspreads, Beijing's political power in the world is likely to advance further. ... See all stories on this topic » Telegraph.co.uk

Global leaders discuss U.S., European debt MarketWatch By Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — Global policymakers held emergency talks Sunday to discuss the euro-zone debt crisis in Europe and the first-ever downgrade of the US government's top-tier credit rating by Standard & Poor's, ... See all stories on this topic »

Europe's definitional crisis Livemint And it is precisely because of this that ECB doesn't “monetize” euro debt as it would weaken theeuro as a currency and inflationary expectations would increase. The simple fact is that all the countries facing a debt crisis within the euro zone do not ... See all stories on this topic »

The big questions about the global financial crisis - Q&A Telegraph.co.uk Everything is about confidence now, like just before the last crisis in 2008. If markets get (even more) spooked they could force borrowing costs for Italy, Spain – currently the focus of the eurozone's debt crisis – still higher. ... See all stories on this topic » Telegraph.co.uk

The euro is as bad as gin in a baby's bottle Daily Mail Yet the world is impoverished by the worst debt crisis since the Great Slump of the early Thirties. In 1931, the focal point of the immediate currency crisis was the weakness of Sterling. That was resolved by Britain's decision to leave the gold ... See all stories on this topic » Daily Mail

Debt crisis: Silvio Berlusconi unveils reforms to avert Italian crisis The Guardian "We've had a big reduction in interest rates that has reduced the cost of servicing thedebt. The euro has been important in insulating Italy from some of the international shocks of recent years, such as the crisis after 9/11. ... See all stories on this topic » The Guardian

DJ Greek Fin Min:Debt Solution Key To Resolving Europe Fincl Crisis Middle East North Africa Financial Network Last month, European leaders agreed a new EUR109 billion assistance package for Greece, as well as a series of other measures aimed at stopping the Greek debt crisis from spreading to other euro-zone countries. Among the measures approved were new ... See all stories on this topic »

Global financial crisis: five key stages 2007-2011 The Guardian Austerity became the new watchword, affecting policy decisions in the UK, theeurozone and, most recently in the US, the country that stuck with expansionary fiscal policy the longest. Last Friday, the morphing of a private debt crisis into a sovereign ... See all stories on this topic » The Guardian

Analysts blame 'pessimism' for 'grave' market tumble Straits Times PARIS - THE week on financial markets began with high tension over the euro zone debt crisis and culminated in a downgrading of the US credit rating. Attention focused on the outlook for the US andEU economies, and the euro zone lurched deeper into ... See all stories on this topic »

Ministers won't be recalled from holidays despite spiralling Euro crisis thejournal.ie THE CABINET WILL not be recalled from their summer holidays as concerns grow over theEurozone debt crisis. Taoiseach Enda Kenny, Minister for Finance Michael Noonan and their colleagues are currently on summer recess. ... See all stories on this topic »

Calls for calm amid new EU rescue-fund storm Monsters and Critics.com Welcome to Brussels deja vu, a sensation which has practically become standard in the midst of the debt crisis that has plagued the eurozone for more than a year now. A statement by Barroso on the rescue fund again stirred markets and angered European ... See all stories on this topic » Monsters and Critics.com

PM: US Debt Crisis Will Not Impact EU Funding for Bulgaria Novinite.com Borisov says for Standart that the decisions of the European Commission would not be shaken by the American crisis because the countries in the Eurozone and all EUMember States are applying all possible efforts to keep the EUR stable. ... See all stories on this topic » Novinite.com

France, Germany want euro deal implemented Sydney Morning Herald The European debt crisis meanwhile threatens to snare Italy and Spain, after forcing bailouts for Greece, Ireland and Portugal. The French and German leaders pointedly welcomed on Sunday the "recent measures announced by Italy and Spain with regard to ... See all stories on this topic »

Britain braced for Credit Crunch Two: Widespread euro losses could force fresh ... This is Money By Simon Watkins and Dan Atkinson Fears are growing that the downgrade of America's debt coupled with the mounting eurozone debt crisis will spill over into the banking system, sparking a second credit crunch at least as bad as the one that followed ... See all stories on this topic »

Belgium MPs to convene early to approve eurozone rescue Expatica Belguim At a July 21 summit, called amid signs Europe's sovereign debt crisis was spreading to theeurozone's third and fourth largest economies, Italy and Spain, leaders agreed measures to ringfence the euro, notably by beefing up a fund used to bail out ... See all stories on this topic »

Markets brace for possible further turmoil BusinessLIVE Fears over the fiscal state of the US economy, as well as persistent concerns over the Euro zone debt crisis has led to investor panic this week and a mass sell-off. Portfolio manager at PSG Asset Management Shaun le Roux noted that global stock ... See all stories on this topic »

Time to take cover Frankstonweekly Hopes that bailouts for Greece, Ireland and Portugal would contain the euro zone's debt crisis have been dashed. Now Italy and Spain have been drawn in. Together they account for almost 30 per cent of euro zone economic activity and about one-third of ... See all stories on this topic »

Our financial system has become a madhouse. We need radical change The Guardian Global markets plunged last week in the latest manifestation of the west's debt crisis. Photograph: Stan Honda/AFP/Getty Images There was fear this week – real fear. There was fear eliminating $2.5tn from the value of global shares in a mere five days. ... See all stories on this topic » The Guardian

Euro leaders in crisis talks after China tells US to put its house in order Herald Scotland They discussed the euro area and the US debt downgrade. Cameron's spokesman said the Prime Minister had also talked with German Chancellor Angela Merkel and agreed to monitor the situation “closely”. Reports suggested finance ministers or officials ... See all stories on this topic » Herald Scotland

Federalism key to saving Europe Korea Times By Patrick Artus The crisis in the euro zone has taught us a lot about the functioning of currency areas, which is markedly different to that which is most often expected. First of all, monetary unification creates increasing heterogeneity in the ... See all stories on this topic » Korea Times

Sell-off wipes $2.5 trillion off world stocks this week Reuters LONDON (Reuters) - More than $2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading toward another recession and Italy and Spain are being engulfed by the euro zone sovereign debt crisis ... See all stories on this topic »

Ghost of 2008 crisis returns to haunt Business Standard The sovereign debt crisis in the euro zone, weakness in the US and moderation of economic activity in China may significantly affect external demand. This could be detrimental to the recently gained momentum in India's exports, as these economies were ... See all stories on this topic »

Greece confident on EU-IMF funds: finance minister AFP Friday's unprecedented Standard and Poor's cut in its US credit ratings plus signs of slowing global economic growth have combined with the eurozone debt crisis to make a toxic mix which many fear will drive the world into recession. ... See all stories on this topic » AFP

No double-dip recession but Europe a worry: Greenspan Reuters European leaders are struggling to contain a sovereign debt crisis, which has spread to Italy, the euro zone's third-largest economy, and is causing turmoil in global financial markets. Greenspan said Italy's troubles could contribute to destabilizing ... See all stories on this topic » Reuters

Dutch poll: euro zone collapse inevitable Radio Netherlands Only 32 percent of respondents expect the euro zone to survive the current crisis. Many of those surveyed are critical about both the euro and the way the European Union is handling the debt crisis. Support for the different political parties remains ... See all stories on this topic »

Financial crises: world financial leaders try to calm markets following S&P ... Slate Magazine ... a conference call to decide whether it will buy Italian bonds to try to prevent the euro zone debt crisis from spreading. If Europe's central banks decide to snap up Italian bonds it “would likely prompt a sizeable relief rally on global markets. ... See all stories on this topic »

Investors try to look past panic International Business Times The European Central Bank faced a decision on Sunday whether to buy Italian bonds to try to prevent the euro zone debt crisis from widening. Having fallen in nine of the last 10 sessions, the S&P 500 <.SPX> closed the week down 7.2 percent -- its ... See all stories on this topic » International Business Times

Euro crisis spreads market panic Green Left Weekly The financial crisis of 2008 was resolved through its transformation into a crisis of state debt. States bailed out the financial system, but in doing so seriously weakened their own balance sheets. Inside the euro area, longstanding imbalances, ... See all stories on this topic »

ECB to discuss Italian debt crisis RTE.ie Members of the European Central Bank's policy making committee are holding a telephone conference this evening to decide if they should order the purchase of Italian government bonds to try to curb the eurozone debt crisis. ECB President Jean-Claude ... See all stories on this topic »

Goldman's O'Neill Doubts Stock Bull Run Is Over Despite Selloff Wall Street Journal Like many other market participants, O'Neill is getting more cautious about the global economic outlook, which has been tainted by disappointing data in the US and the debt troubles in the euro zone. Adding to the toxic mix, ratings company Standard ... See all stories on this topic »

Crude Oil Analysis for the Week of August 8, 2011 OilPrice.com Traders will be watching activity in the Euro Zone. Clearly Spain and Italy need financial aid. At the close on Friday, traders thought the European Union was close to a resolution of the sovereigndebt crisis. Talk was circulating that Italy was close ... See all stories on this topic »

Vince Cable: Britain could be hit by double-dip recession after stockmarket mayhem Daily Mail Italy is the latest and biggest economy to be hit by the eurozone crisis. Reuters reported that the ECB's president Jean-Claude Trichet wanted a final decision on whether to buy Italian debt to be made at the meeting. A decision not to buy would risk... See all stories on this topic » Daily Mail

High debt is a cause for concern; can affect stock markets Economic Times Even now, a few years after the crisis broke out, financial institutions of several European countries are sitting on bank liabilities that are still multiples of the country's GDP. To add to the global debt, the US last week raised its debt limit to ... See all stories on this topic »

Bank of England to reduce UK economic growth forecast for 2011 MyFinances.co.uk A further deterioration in the debt crisis in Europe is almost certain to see many commentators announcing the last rites of the euro project. Sign up to the Myfinances.co.uk newsletter to receive the latest financial news direct to your inbox. See all stories on this topic »

Can the eurozone survive the Greek debt crisis? | Hedge Analyst ... By admin Can the eurozone survive the Greek debt crisis? If Greece defaults on its debts, the consequences could spread across Europe, and prove catastrophic for the euro. The economic crisis in Greece is the most important thing to have ... Hedge Analyst News Wire

TEXT-Franco-German statement on euro zone debt crisis — Clearing ... By RSS Feed tackle the euro zone debt crisis. “President Sarkozy and Chancellor Merkel reiterate their commitment to fully implement the decisions taken by the heads of state and government of the euroarea and the EU institutions ... Filed Under: News Feed Tagged With: ATS, bankruptcy, bonds, brokerage, CFTC, clearing, currencie, currency, derivatives, DODD-FRANK, ECN, ETF, futures, fx, global, illiquid, liquidity, LSE, market, MIFID II, NASDAQ, NYSE, partnership, SEC, settlement, ... Clearing and Settlement — Clearing...

NewsDaily: ECB eyes decision on Italy bond purchase to ease debt By Andreas Framke and Paul Taylor NewsDaily: Your best source for breaking news ... 7, 2011 (Reuters) — The European Central Bank will decide on Sunday evening whether to buy Italian government bonds to try to speed up cuts ineuro zone debt, ECB sources said as global leaders conferred by phone on the twin financial crisesin Europe and the United States. Jean-Claude Trichet, President of the European Central Bank (ECB) ponders a question during his monthly news conference at the ECB headquarters in ... NewsDaily: Top Headlines

Global policymakers discuss debt crisis, market turmoil | BitLoft.NET By herosorwar TOKYO/SEOUL (Reuters) – Global policymakers held an emergency conference call on Sunday to discuss the twin debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession. ... The most immediate concern for financial markets was the debt crisis in the euro zone, where yields on Italian and Spanish debt have soared to 14-year highs on political wrangling and doubts over the vigor of budget cuts. ... BitLoft.NET

World leaders confer on debt crisis - MWC News By mwcnews@gmail.com (Agencies) Global leaders and finance ministers have been holding a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial markets. After a week that saw $2.5 trillion wiped off global ... But the most immediate concern for financial markets was the debt crisis in the euro zone, where yields on Italian and Spanish debt have soared to 14-year highs on political wrangling and doubts over the vigour of budget cuts. ... MWC News

ekathimerini.com | ECB to debate whether to buy Italian bonds The European Central Bank will decide later on Sunday whether to buy Italian bonds to try and prevent the euro zone debt crisis from widening, while global policymakers conferred on the twin financial crises in Europe and the United ... ekathimerini.com : Latest News

World leaders in moves to avert fresh market turmoil - Vanguard News By alexsamade BRUSSELS, (AFP) – World leaders and finance chiefs raced Sunday to head off spiralling tension triggered by eurozone debt contagion and a US rating downgrade as the clock ticked on the opening of the markets Monday. ... Officials have been specially tight-lipped on ECB moves as markets watch to see whether it will step in and buy back some of the bonds piled up by Italy, the latest potential victim of the euro crisis which also threatens Spain. ... Vanguard News

Debt crisis hits heart of eurozone, ECB extends lifeline - Yahoo! News Read 'Debt crisis hits heart of eurozone, ECB extends lifeline' on Yahoo! News. The European Union said the debt crisis is now striking at the heart of the ... news.yahoo.com/european-central-bank-moves-stem-debt-cris...

Dailymotion - EUROZONE DEBT CRISIS - a News & Politics video STORY: EUROZONE DEBT CRISISDATELINE: Aug 4, 2011LENGTH: 0:01:57LOCATION: BrusselsINTROThe European Union says that investors now doubt whether the euro zone ... www.dailymotion.com/.../xken7e_eurozone-debt-crisis_news

World leaders to confer on debt crises this weekend - Business ... World leaders to confer on debt crises this weekend ... arranged a round of emergency calls to discuss the twin debt crises in Europe and the ... making are finally gone," China's official Xinhuanews agency said in a commentary. ... the United States as euro zone countries struggle with adebt crisis of their own. ... www.msnbc.msn.com/.../world-leaders-confer-debt-crises-wee...

euro zone debt crisis: Latest News on euro zone debt crisis at ... Read Latest news and Updates on euro zone debt crisis, euro zone debt ... the euro zone debt crisis might spread to Italy, Europe's third-largest economy. ... timesofindia.indiatimes.com/topic/euro-zone-debt-crisis/.../1

Eurozone debt crisis is spreading | Payday Loans News Eurozone debt crisis is spreading. Published on 04 04 2011 // Breaking News, ... that we are no longer managing a crisis just in the euro area periphery.” ... https://www.paydayadvanceuk.co.uk/.../eurozone-debt-crisis-is...

US debt crisis poses 'contagion threat' to eurozone - One News Page US debt crisis poses contagion threat to eurozone (news article) ... Euro leaders race to stem global panic over US credit rating downgrade ... www.onenewspage.com/.../US-debt-crisis-poses-contagion-thr...

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