EUROZONE Debt Crisis News, Auig 13, 2011

Italy calls for euro bonds as UK backs fiscal union Reuters By James Mackenzie ROME (Reuters) - Italian Economy Minister Giulio Tremonti stepped up calls for a more coordinated response to the euro zone debt crisis, including the creation of euro bonds, ahead of a crucial Franco-German summit next week. ... See all stories on this topic »

Economic perspectives of the Eurozone and US debt crises The Citizen Daily The key issue in the US has been the national debt ceiling debate. In Europe the key issue has been the Euro zone debt crisis that has seen a need for fiscal bailouts of some countries. The debts crises came to the fore in less than two months before ... See all stories on this topic »

Eurobonds would have prevented crisis: Italy AFP ROME — The issuance of eurobonds, something the EU is considering, would have prevented the current debt crisis enveloping the eurozone, Italy's Finance Minister Giulio Tremonti said on Saturday. Tremonti told a news conference in Rome that there is ... See all stories on this topic » AFP

In fearful middle Italy, crisis has deep roots Reuters But like most Italians, the idea of the euro zone's third biggest economy opting out of the project does not seem practical, even if a return to the often-devalued lira might offer a short-term fix for the debt burden and sluggish exports. ... See all stories on this topic » Reuters

Is the world ready for new crisis? The Voice of Russia Europe is still struggling to produce a trustworthy solution to the debt crisis. "Europewill continue to face challenges, and European leaders will continue to hold summits and allocated more funds to settle the crisis. Greece shouldn't have been ... See all stories on this topic » The Voice of Russia

Spain branded the eurozone's big weak link as 'the indignant' take to the streets Telegraph.co.uk Among the crowds are parents, pensioners, teachers and civil servants, all angry and frustrated as their nation – once a European heavyweight – teeters on the brink of acrisis. As the rest of Europe suffers amid soaring sovereign debt, the protesters ... See all stories on this topic » Telegraph.co.uk

'Thank God that Turkey is not in the eurozone,' economic expert says Hurriyet Daily News Turkey has avoided some of the worst of the financial crisis facing many advanced economies because the majority of its public debt is held in Turkish Liras, says an economic expert who in the past had called for the country to join the eurozone. ... See all stories on this topic » Hurriyet Daily News

German experts say Greece needs further haircut: press Reuters Greece last year kicked off Europe's debt crisis by becoming the first eurozone country to seek a 110 billion euro EU/IMF bailout to avoid default. Greece's credit ratings are currently one step short of default. (Reporting by Harry Papachristou; ... See all stories on this topic »

When money brought us together Boston Globe The euro may be struggling, but history shows that a currency union really can thrive. The evidence? We're living in it. By Stephen Mihm As the American economy reckons with the fallout of the debt-limit crisis, it's easy to forget about the far bigger ... See all stories on this topic » Boston Globe

What does 'Eurozone debt' mean for the U.S. economy? Alaska Dispatch But can another meltdown – this time made in Europe – happen? Anything is possible, particularly after the US banking system survived the 2008 financial crisis only after receiving hundreds of billions of dollars of loans from the US government, ... See all stories on this topic »

Calm market close after rocky week STLtoday.com ... ban on financial shares in four eurozone countries. (AP Photo/Richard Drew) World stock markets were mostly up Friday, ending a dramatic week marked by signs the US might be headed back into recession and Europe's worsening debt crisis. (Aug. ... See all stories on this topic »

Italy to slash political jobs in new austerity The Associated Press The package — a mix of spending cuts and tax increases, including a "solidarity tax" for high-earners — aims to calm market turmoil and make sure Italy is not the next victim of Europe's debt crisis. It looks to raise €20 billion next year and €25.5 ... See all stories on this topic » The Associated Press

What can be done to end the financial panic Bangor Daily News Europe's heads of state could agree to a much broader system of political and economic cohesion to address the debt crisis affecting several of its nations; for example, issuing joint European bonds guaranteed by all nations that use the euro currency ... See all stories on this topic »

Euro crisis weighs on German faith in gov't Boston Globe BERLIN—Nearly half of Germans think their government is doing a poor job of handling the eurozone debt crisis, and even more fault the European Union's response, according to a survey released Friday. Chancellor Angela Merkel's center-right coalition ... See all stories on this topic »

European shares recover on big Wall Street gains BusinessWeek "With deteriorating investor confidence in eurozone debt likely to continue driving reduced investor confidence in European banks' ability to withstand the fallout from the euro-zone debt crisis; we doubt that downward pressure on European financials ... See all stories on this topic »

The week the world went wild CTV.ca It appears they haven't been reacting to one specific event, but a mishmash of worries: the US downgrade, Europe's worsening sovereign debt crisis, a slowing world economy, even concerns about China's prospects. It is, Mr. Belaiche says, ... See all stories on this topic »

World Bank chief warns of 'more dangerous' times AFP SYDNEY — World Bank chief Robert Zoellick on Saturday warned of a "new and more dangerous" time in the global economy, as Europe struggles to resolve its debt crisis. Zoellick said the eurozone's sovereign debt issues were more troubling than the ... See all stories on this topic » AFP

Welcome to Chicago, America's capital of volatility CTV.ca Global stock markets are yo-yoing, Europe is desperately trying to confront a crippling debt crisis, and the United States' credit rating has just been downgraded for the first time in modern history. Across America, houses are still being foreclosed ... See all stories on this topic »

The Beginning Of The Endgame Business Insider “With its downgrade of US sovereign debt, Standard and Poors has started a chain of events which can only make things worse in an already crisis-hit eurozone. For that reason, the decision to downgrade was not only badly timed but also ill considered; ... See all stories on this topic »

Friendly skies: Airline staff lose jobs after X-rated photos Globe and Mail Separately, indicators from Greece showed the country where the debt crisis began continues to sink into the muck. GDP contracted 6.9 per cent in the quarter, compared to a year earlier. And across the euro zone, industrial production slipped. ... See all stories on this topic »

Markets week: Relief ends wild ride National Business Review The week's volatility was the most since the depths of the financial crisis in late 2008. Investors this time were worried about a possible double-dip recession in the US and the euro zone's debt crisisspreading to bigger members such as France and ... See all stories on this topic »

Euro Faces Sovereign Downgrades, Slowing Growth and Funding Crisis DailyFX Furthermore, after the French downgrade scare from this past week, the market's will be even more concerned about the EU members at the top of totem pole. From the docket, German, Spanish, Portuguese and Euro Zone GDP figures will fold into the bigger ... See all stories on this topic »

Stocks Posted Modest Weekly Losses after Wild Ride (AAPL, BAC, C, COF, CSCO ... TradersHuddle.com Concerns over the debt crisis in the euro zone and its impact on the health of French banks, coupled with fears of a downgrade of France's credit rating and ongoing economic jitters reignited the market sell-off. In Asia, stocks posted significant ... See all stories on this topic »

40 years on from gold standard, bugs crow Montreal Gazette He was speaking as a true gold bug – not in the dark days after Lehman Brothers' demise in 2008, nor in the depths of last year's euro zone debt crisis, nor after Standard & Poor's recent downgrade of the United States' top-notch credit rating. ... See all stories on this topic »

Growth concerns overdone at communications giant WPP Proactive Investors UK The ECB's announcement to buy bonds in both Spain and Italy, in an effort to fight the Eurozone's debt crisis, helped dramatically improve government bonds in both countries. Spain's ten-year note plunged to almost 5% and Italy to 5.25%, down from the ... See all stories on this topic »

Can anything douse the meltdown? Vancouver Sun But growth is as elusive as ever, making underlying debt dynamics look ever more unsustainable. At his Inflation Report press conference, Sir Mervyn said: "2008 was not the end of the crisis. It was merely one stage in a bigger crisis. ... See all stories on this topic »

Growth, Inflation Data from G-7 Economies Could Weigh on Risk DailyFX Growth outlook for 2011 and 2012 indicates that Germany will produce above average gross domestic product figures for this period, despite lingering issues in the broader Euro-zone. Primarily, the ongoing debt crisis in Europe is a major reason for the ... See all stories on this topic »

Global markets rebound after rollercoaster week Herald Sun Markets thrashed around on Tuesday as new worries surfaced in Europe over the debt crisispossibly enveloping Italy and Spain, but mostly recovered their losses for the day on assurances from the European Central Bank, and the US Federal Reserve's ... See all stories on this topic »

Argentine Stocks, Bonds Rise On Better Global Mood Wall Street Journal Argentina's stock market tracked Wall Street throughout the week, which was roiled by worries over a possible double-dip recession in the US and the euro zone's debt crisis spreading to bigger members of the 17-nation bloc. However an upbeat retail ... See all stories on this topic »

Central banks: Two against the world Financial Times “Buying a little debt here and there is not going to stop the crisis,” says Charles Wyplosz, professor of economics at the Graduate Institute of International Studies in Geneva. But he concludes by pointing to a solution that would make many a ... See all stories on this topic » Financial Times

Swiss Franc Exposes Risks To Hungary Banking Sector, Sovereign Rating Credit Writedowns EUR/HUF will ultimately be driven by external factors emanating from DM. Given our pessimistic view on the euro zone debt crisis, then, we would look to play this pair from the long side. We think the January high around 281 will be tested in the ... See all stories on this topic »

10 ways you've lost (and gained) from the financial crisis The Guardian The crisis three years ago focused on banks, following the collapse of Northern Rock and Lehman Brothers. Now it's about nations – the United States credit downgrade and continuing doubts over eurozone sovereign debt. But banks are big holders of this ... See all stories on this topic » The Guardian

Muddling as the economy sinks The Japan Times The future of the euro has been at risk for months now as the aftereffects of the 2007-2008 global financial crisis continue to wash through Europe. Halfhearted attempts to clean up banks and government finances — two distinct problems that are ... See all stories on this topic »

Investors 'Stampede' Into Money Funds TheStreet.com ... along with a worsening of the sovereign debt crisis in Europe which forced the ECB to begin buying Italian and Spanish government bonds in an attempt to drive down borrowing costs for theeurozone's third and fourth largest economies. ... See all stories on this topic »

Portugal fresh debt aid agreed The Nation, Pakistan The European Union, European Central Bank and International Monetary Fund statement comes as fears grow that the eurozone debt crisis, coupled with similar problems in the United States, could put the world economy back into recession. ... See all stories on this topic »

Without Bailing Out European Banks, These ETFs May Be Toxic Seeking Alpha And while the sovereign debt crisis in Europe today may not be the same set of circumstances, dismissing the similarities outright may be detrimental. Consider the extraordinary level of volatility in the past week. Granted, computerized program ... See all stories on this topic »

Risk-averse investors pour into money-market funds-EPFR Reuters UK Markets have been roiled in recent weeks as investors grow more concerned another recession is on the way and Europe's debt crisis threatens to engulf the euro zone's largest economies. Money market funds pulled in a net $49.8 billion in the week ended ... See all stories on this topic »

Spanish towns face funding crisis, rack up debts eTaiwan News Debt held by Spanish local governments stood at (EURO)35 billion at the end of 2010, up 11 percent from 2008, amid predictions the amount could go higher this year as municipal revenue continues to decline. "The outlook is bad, and without addressing ... See all stories on this topic »

NewsDaily: Italy and UK press case for deeper euro zone fiscal ties Britain's finance minister called for some form of fiscal union to resolve the euro zone's debt crisis on Saturday, while his Italian counterpart renewed a call for the introduction of common euro zonebonds. ... in Italy's public finances, Tremonti made a renewed plea for common debt issuance in theeuro zone. "A greater degree of integration and consolidation of public finances in Europe is necessary," Tremonti told a news conference to explain the austerity package. ... NewsDaily: Top Headlines

UPDATE 1-Italy, UK press case for deeper euro zone fiscal ties ... By RSS Feed for some form of fiscal union to resolve the euro zone's debt crisis on Saturday, while his Italian counterpart renewed a call for the introduction of common euro zone bonds. After more than a year of piecemeal responses to the euro ... confidence in Italy's public finances, Tremonti made a renewed plea for common debt issuance in the euro zone. “A greater degree of integration and consolidation of public finances in Europe is necessary,” Tremonti told a news ... Clearing and Settlement — Clearing...

Italy calls for euro bonds as UK backs fiscal union (Reuters ... By Editor - Business News ROME (Reuters) – Italian Economy Minister Giulio Tremonti stepped up calls for a more coordinated response to the euro zone debt crisis on. ... “A lot depends on the choices which may be made about Europe and for Europe in the coming days,” Tremonti told a news conference at which he detailed some of the steps contained in a 45.5 billion euro austerity package unveiled late on Friday. Rome has been at the center of the euro zone crisis over the past month, ...

No quick exit for eurozone from debt crisis - Yahoo! News Read 'No quick exit for eurozone from debt crisis' on Yahoo! News. ... But Germany, theeurozone's political and financial heavyweight, once again says no. ... news.yahoo.com/no-quick-exit-eurozone-debt-crisis-1029133...

Euro Zone Debt Crisis: Markets Moving Faster Than Euro Policy ... The crisis threatening to envelop Spain and Italy is moving faster than euro zone ... News. Blog Posts. Videos. Current DateTime: 04:28:47 09 Aug 2011 .... a controversial bond-buying program to fight the euro zone's debt crisis to try ... www.cnbc.com/.../Markets_Moving_Faster_Than_Euro_Polic...

News from AP | The Dallas Morning News, dallasnews.com AAA Aug. 11, 2011 6:29 AM ET No quick exit for eurozone from debt crisis ... AP Business Writer THE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES ... debt by persuading bondholders to take less than 100 cents on the euro. ... hosted2.ap.org/.../id-6495fd90f9454b70894952b207711504

Crisis Spreading President Debt Eurozone | The News Portal Latest from Sky News: FTSE Loses £50bn Amid Eurozone Crisis. ... Markets slump on euro debt fears. BBC - 5:00pm Thursday 4th of August 2011 ... of the European Commission warns it is failing to stop the eurozone debt crisis spreading. ... thenewsportal.net/?p=1100356

No quick exit for eurozone from debt crisis | Phantis No quick exit for eurozone from debt crisis ... modest reduction in Greece's debt by persuading bondholders to take less than 100 cents on the euro. ... Greece inspects island of the blind for chicane (Hurriyet Daily News: Aug. 3) ... www.phantis.com/news/no-quick-exit-eurozone-debt-crisis

No quick exit for eurozone from debt crisis - WSMV Channel 4 ... WSMV Channel 4 - Nashville, TN News, Weather and SportsNo quick exit for eurozone from debt crisis. SITE SEARCH WEB SEARCH BY Google ... www.wsmv.com/.../no-quick-exit-for-eurozone-from-debt-cris...

No quick exit for eurozone from debt crisis | www ... Twenty-one months after Greece triggered financial and political turmoil by admitting it was broke, theeurozone still can't fix its debt crisis. ... www.newstalkradiowhio.com/ap/ap/business/no.../nDG7h/

No quick exit for eurozone from debt crisis - WLOX-TV and WLOX.com ... WLOX TV 13 - The Station for South Mississippi - Local news, weather, sports, ... Much depends on the answers; the euro debt crisis poses a serious risk for an ... The EU wrote rules to limit debt and deficits. But eurozone heavyweights ... www.wlox.com/.../no-quick-exit-for-eurozone-from-debt-crisi...

info@als-alexander.com or interalex1@yahoo.com