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Aug 5, 2011

IRELAND, Portugal, Spain, Italy, Greece News, Aug 05, 2011


Everything you need to know about the European debt crisis in one post
Washington Post (blog)
Portugal: Unlike Ireland and Greece, Portugal had one of the best recovery records during the first part of the economic crisis. However, panic due to the Greek debt crisis hit the country in late 2009 and early 2010, due largely to concern that the ...
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To Calm Markets, Italy Pledges A Balanced Budget
NPR
At the start of Europe's debt crisis 21 months ago, Italy was rarely grouped with the weaker members of the single currency zone, such as Greece, Ireland and Portugal. Many in the markets thought Spain, with its 20 percent unemployment rate, ...
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As long as debt's too high, get used to the market gyrations
Atlanta Journal Constitution (blog)
To understand why, consider the relative sizes of these countries and those which have already received bailouts: Greece, Ireland and Portugal. Spain's GDP in 2010 was $1.4 trillion, and Italy's$2.1 trillion. The combined GDPs of Greece, Ireland and ...
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ECB: After Botched Job, A Second Chance
Wall Street Journal (blog)
... due at least in part to the ECB's half-hearted move to keep the debt contagion from envelopingItaly and Spain, where government borrowing costs are quickly approaching unsustainable levels that over the past year sank Greece, Ireland and Portugal. ...
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EU Official: No Need To Bail Out Italy or Spain
Voice of America (blog)
... of Greece, Ireland and Portugal, all of which have had to secure billions of dollars in outside assistance in the last year. But Rehn said Italy and Spain must strictly implement austerity measures they have adopted to raise taxes and cut spending. ...
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Another European Domino?
Business Insider
In practice, while I find this somewhat plausible in the case of Greece, I find it fairly unlikely in the case of Greece, Portugal, Spain, Italy, and Ireland . . . which is what we're looking at. (For that matter, why stop there? ...
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Business Insider
Drozd: Gold shines in light of economic uncertainty
Alberta Express
Unknown outcomes for debt ridden countries such as Portugal, Italy, Ireland, Greece, Spain and, more recently, the US have prompted investors to seek out safe havens such as gold. The subsequent buying frenzy has pushed the price of gold to a new ...
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Euro Area Chart Update
Seeking Alpha
5 year CDS on Portugal, Italy, Greece and Spain – once again, new all time highs for CDS onItaly and Spain – for the first time ever, CDS spreads on Spain crack the 400 basis point barrier. 5 year CDS on Ireland, France, Belgium and Japan – another ...
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Italian authorities raid Milan offices of S&P, Moody's
AHN | All Headline News
The raid is seen as the eurozone government's way of getting back at ratings agencies, which recently downgraded the credit rating of Greece, Portugal and Ireland. The political angle of the Italian raid becomes apparent since Italy and Spain are said ...
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RBS wary of Greeks bearing bonds
BBC News
It's rather less exposed in Italy, with £3.5bn of private lending and £955m in government debt. In total, its exposure to national and local government debt and derivatives across Ireland, Spain, Italy, Greece and Portugal is £3.3bn. ...
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BBC News
The problem is political leadership
The News Journal
Debt problems in Italy and Spain -- bigger than the supposedly resolved problems in Greece,Ireland and Portugal -- are suddenly growing and spreading panic in many parts of the world. Worse, around the world manufacturing indicators are growing weaker ...
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World stocks dive amid fears of spreading debt crisis, slowing growth
Xinhua
Investors fear the debt problems in Italy and Spain, two major euro-zone economies, if unchecked, could prove to be far more nastier than those in some peripheral countries like Greece, Ireland andPortugal. Traders confirmed that the EBC started ...
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Several factors gang up on economy, batter stocks
Kansas City Star
Overseas markets also fell Thursday, largely because of financial problems in Italy,Spain, Ireland, Greece and Portugal. “There's no real single defining situation,” said Greg Koehler, a certified financial planner at Raymond James Financial Services ...
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Kansas City Star
AT A GLANCE: European Banks, Insurers Reveal Hits On Greek Debt
Wall Street Journal
LN) -- UK insurer Aviva said the company's exposure to sovereign debt across Greece, Portugal,Spain, Ireland and Italy was GBP1.4 billion in total, just 1% of the company's total GBP113 billion shareholder assets. *Prudential PLC (PUK) -- The UK ...
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Analyst calls for decisive action to save euro
ABC Online
... of the global issues where clearly Greece, Ireland and Portugal are beyond redemption. They have to have their debt restructured, banks and investors have to take large losses. You probably can salvage Spain, you can probably salvage Italy. ...
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Zakaria: The Tea Party's un-American behavior
CNN (blog)
Wolf Blitzer: Because some of the analysts have suggested: It's one thing for Greece, one thing forPortugal, one thing for maybe Ireland to be having some severe economic dislocation, but whenItaly and Spain start going through that, and fears about ...
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Asian, European markets plunge, extending concerns about global economy
Washington Post
Both countries are approaching the 7 percent threshold that forced the smaller economies ofGreece, Ireland and Portugal to launch bailout talks. Yet analysts fear that Spain and, especially,Italy may be too big to bail out, with the amount needed to ...
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Suddenly It All Matters
FXstreet.com
The fund was given 440 Euros, but the costs of helping Greece, Ireland and Portugal have already reduced the fund to fewer than 300 billion Euros. This not enough to pre-empt crises in Italy andSpain, and some countries are hinting at pulling back on ...
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EU under pressure to stem market rout
Gulf Times
Meanwhile, investors are worried that Italy and Spain, the euro area's third and fourth biggest economies, could be next to require bailouts after Greece, Ireland and Portugal. Analysts said they would look to see if European leaders are willing to ...
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Global Stock Selloff: Is another financial crisis coming?
TIME (blog)
Greece may not be Lehman but crises in Greece, Portugal, Ireland, Spain and Italy could add up to something just as scary as the 2008 Wall Street meltdown, with sovereign bonds playing the lethal role of subprime securities. Borrowing costs for Spain ...
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Europe shares rocked as debt fears surge
ABC Online
... and there are very big fears that Italy and maybe Spain are on the precipice of needing a bailout. Contagion to those major economies is a whole new level in this crisis compared to the smaller bailouts required for Greece, Ireland and Portugal and ...
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Stocks Come Off The Ledge On Jobs Report, Italy Debt Plan
Forbes (blog)
The pendulum swung back in the other direction though, after Reuters reported the ECB is ready to step in and buy up debt from Spain and Italy. To date Europe's rescue measures have been aimed only at Ireland, Portugal and Greece, an approach the ...
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EU leaders to meet on new eurozone woes
UPI.com
... fears Thursday the eurozone crisis might be spilling out of the so-called eurozone periphery --Greece, Ireland and Portugal. Market analysts immediately saw the comment as a reference toItaly and Spain, already top of the eurozone danger list. ...
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Stocks Plummet. Next Up: More Liquidity
San Diego Reader (blog)
Stocks in Europe sold off, too; problems in countries such as Italy are adding to previous woes inGreece, Ireland, Portugal, and Spain. The euro may not survive. More and more economists fear the US economy is headed into a double-dip recession. ...
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Is Brazil The Next Italy?
Forbes (blog)
Its yields have soared due to worries it will be the next victim of a euro zone debt crisis that has already claimed Greece, Ireland and Portugal, forcing them to seek international bailouts. Italian 10-year bond yields rose above those of Spain for ...
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Forbes (blog)
Markets nosedive on EU, US economy fears
euronews
And the other problem is, we have still no prospective for Spain, for Greece, forPortugal, for Ireland, that's what's clearly missing and that's what's disturbing… what is a clear sign of weakness for the European stock exchange markets” With ...
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euronews
Old Mutual: Minimal exposure to euro debt
Independent Online
“The group's exposure to the sovereign debt of Portugal, Italy, Ireland, Greece andSpain remains very low. At June 2011 the Group had less than GBP5 million exposure to bonds issued by the Italian and Spanish Governments and no exposure to the debt...
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Independent Online
FTSE 100 drops more than 3.4% amid financial turmoil
The Guardian
They also want more action from European leaders to contain the debt crisis that has spread from Greece, Ireland and Portugal to the larger economies of Spain andItaly. Bond yields – or interest rates – in Spain and Italy remained above the critical...
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The Guardian
This is the sting in the tail of 2007-09
Sydney Morning Herald
The world isn't admitting that countries like Greece, Portugal and Ireland are broke, or acknowledging openly that others including Spain, Italy and even the US are seriously impaired. But just like a company that borrowed recklessly, Europe and the US ...
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Sydney Morning Herald
Hold your nervous nose as the stench of 2007 blows in
The Age
It is the concern, cruelly exposed in Greece, Portugal, Ireland, Italy, Spain and even the US, about the solvency of nation states. Back in 2007, the one comfort for markets was that a banking crisis never became a sovereign debt crisis. ...
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The Age
Kiwi's golden run ends as markets come tumbling down
New Zealand Herald
It came as discussions in the European Central Bank revealed deep divisions within the eurozone over how to handle a debt crisis that has forced Greece, Ireland andPortugal to seek financial rescues. Investors worry that Italy and Spain, ...
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New Zealand Herald
Fear factor keeps purses shut
Sydney Morning Herald
And across the Atlantic in Europe, long-running fears about the ability of Greece to repay its debts have spread to the bigger economies of Spain, and especially Italy, with yields for bonds linked to the so-called PIIGS (Portugal, Ireland, Italy, ...
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How stocks react to the macroeconomy
Reuters (blog)
By failing to act decisively, policymakers have allowed the Euro-zone's crisis to morph from the outer periphery (Greece, Ireland and Portugal) to also include much larger (and, therefore, harder to solve) countries (Italy and Spain), as well as the ...
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Why recession fears are overblown
msnbc.com
Across the Atlantic, Greece, Ireland, and Portugal have already begun to pay the steep price for years of excessive debt, with Italy and Spain coming next. Dealing with that huge overhang of sovereign debt will be painful, and will take a while. ...
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Eurozone crisis spreads alarm, EU leaders see urgency
MSN Philippines News
The crisis gripping the core of the eurozone worsened on Friday, ramping up debt risks for Italy andSpain, pushing Greece to call for urgent action and feeding market alarm that recession threatens. The rising pressure forced some top EU leaders to ...
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Nowhere left to hide as bourses battered
Otago Daily Times
In Europe, concerns have grown that debt-ridden Italy and Spain might be forced to follow Greece,Ireland and Portugal in seeking bail-outs from the rest of the European Union. That triggered heavy selling of European bank stocks and fuelled fears of a ...
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Italy, Spain will not need rescue programmes: Rehn < Spanish news ...
Neither Italy or Spain will need to be bailed out, EU Economic Affairs Commissioner Olli Rehn said on Friday."I do... < Spanish news | Expatica Spain. ... "I do not believe either of these countries will need a programme," Rehn said as he sought to sooth market concerns that the third and fourth largest economies in the 17-nation eurozone could follow in the footsteps of smaller beleaguered euro nations, GreeceIreland and PortugalItaly and Spain have faced record ...
Expatica - Spanish Local Headlines
Italy vows to balance budget early « Shropshire Star
By PA
At a hastily-convened news conference, finance minister Giulio Tremonti said Italy aims to balance its budget in 2013, a year ahead of schedule. Premier Silvio Berlusconi announced that G-7 finance ministers will meet “within days” of ... At the start of Europe's debt crisis 21 months ago, Italy was rarely grouped with the weaker members of the single currency zone, such as GreeceIreland andPortugal. Many in the markets thought Spain, with its 20% unemployment rate, ...
Shropshire Star » Shropshire Star
Italy capitulates to EU pressure on economy :: Emerging Money
By Larry Levinson
Speculation that Italy and Spain would be unable to repay their government debts, and fears of a slowing economy in general, helped drive down stocks around the world and erased more than $4.5 trillion from the value of equities worldwide ... European Commission President Jose Manuel Barroso called for an increase in the euro zone's 440 billion-euro ($616 billion) emergency relief fund created in the wake of the debt crisis in GreeceIrelandPortugalItaly and Spain. ...
Emerging Money
Italy to balance budget a year early - WAVE 3 News - Louisville ...
At the start of Europe's debt crisis 21 months ago, Italy was rarely grouped with the weaker members of the single currency zone, such as GreeceIreland and Portugal. Many in the markets thoughtSpain, with its 20 percent unemployment ...
WAVE - News
Italy Pledges to Balance Budget a Year Early - CNBC
Finance Minister Giulio Tremonti also told a hastily convened news conference Friday night that Italy, aims to balance its budget in 2013, a year before previously scheduled. Premier Silvio Berlusconi, saying he ... At the start of Europe's debt crisis 21 months ago, Italy was rarely grouped with the weaker members of the single currency zone, such as GreeceIreland and Portugal. Many in the markets thought Spain, with its 20 percent unemployment rate, was vulnerable. ...
CNBC Top News and Analysis
The Global Stock Sell-Off and Risk Management
By Jared Wade
UK trading on Friday just closed with the FTSE 100 plummeting another 2.7%, dampening hopes that U.S. markets might rally before the weekend following some relatively positive news on unemployment. (Only 9.1% of people actively looking for jobs ... Greece may not be Lehman but crises in GreecePortugalIrelandSpain and Italy could add up to something just as scary as the 2008 Wall Street meltdown, with sovereign bonds playing the lethal role of subprime securities. ...
Risk Management Monitor
Friday Newspaper Review - Irish Business News and International ...
Irish/Ireland Business News, Internationa, Global, World, European Union, Financial Information - Irish Finance and Business Portal - providing Irish, European and global market information including mortgages, pensions, investment, ... crisis has spread alarm among investors fearing an Italian emergency would sink EU bail-out measures designed for much smaller GreeceItaly's debt of €1900bn ($2700bn) is nearly three times that of GreecePortugal and Ireland combined. ...
Finfacts Ireland Business & Finance...
Vote of No Confidence: Deutsche Bank Dumps 70% of Spain, Portugal ...
Vote of No Confidence: Deutsche Bank Dumps 70% of Spain, Portugal, Ireland, Greece, ItalyDebt. Wed Jul 27 20:25. share this story ...
beforeitsnews.com/.../Vote_of_No_Confidence:_Deutsche_Ba...
Eurozone debt crisis resurfaces as markets punish Italy and Spain ...
Its (Paris: FR0010370163 - news) overall exposure to the southern European countries of Portugal,Ireland (Berlin: IIK.BE - news) , Italy, Greece and Spain ...
uk.finance.yahoo.com/.../Eurozone-debt-crisis-tele-31820692...
All Ireland: Latest News on All Ireland at Times of India
Read Latest news and Updates on All Ireland, All Ireland breaking news on ... to five European nations-Greece, Ireland , Portugal, Spain and Italy-grappling ...
timesofindia.indiatimes.com/topic/All-Ireland/news
Vote of No Confidence: Deutsche Bank Dumps 70% of Spain, Portugal ...
Vote of No Confidence: Deutsche Bank Dumps 70% of Spain, Portugal, Ireland, Greece, ItalyDebt [Photo: zimbio.com] The German bank Deutsche Bank has...
www.collapsenet.com/.../1644-vote-of-no-confidence-deutsch...
Italy, Spain will not need bailout: EU's Rehn | MSN Arabia News
Neither Italy or Spain will need to be bailed out but both eurozone economic giants ... of smaller beleaguered euro nations, Greece, Ireland and Portugal. ...
arabia.msn.com/News/economy/AFP/2011/.../8095829.aspx
Debt crisis in Europe: Worries grow of spread to ... - MAARS News
MAARS News Global - Top Global Headlines! ... spreading from Greece, Ireland and Portugal to the larger economies of Italy and Spain. PHOTO:anyonehost. com ...
news.maars.net/.../debt-crisis-in-europe-worries-grow-of-sprea...
Vote of No Confidence: Deutsche Bank Dumps 70% of Spain, Portugal ...
... Deutsche Bank Dumps 70% of Spain, Portugal, Ireland, Greece, Italy Debt ... of the periphery of the euro as Spain, Portugal, Ireland, Greece and Italy ...
equityjungle.com/.../vote-of-no-confidence-deutsche-bank-du...

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