Today: IRELAND, Portugal, Spain, Italy, Greece News, Aug 24, 2011

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Aug 24, 2011

IRELAND, Portugal, Spain, Italy, Greece News, Aug 24, 2011


Could Europe Provoke a World Crisis?
Huffington Post
The European sovereign debt crisis has far-reaching implications: if it were only Greece, or evenPortugal and Ireland, it would probably have a limited impact. Unfortunately, the contagion of other countries seems to be spreading to Spain and Italy. ...
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European Central Bank continues bond-buying
Washington Post
(Source: Bloomberg) European countries, already strained by emergency bailouts for Greece,Ireland and Portugal, would be hard-pressed if either Italy and Spain needed to be rescued. Bailouts for either of those nations would tax the financial tools ...
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Euro-Zone End Game Will Put German Bund Yields Under Pressure
Wall Street Journal
... Economics research group says German taxpayers have already extended about EUR75 billion in fiscal support to their debt-stricken neighbors Greece, Ireland and Portugal. That's about 3% of the country's gross domestic product. If Italy and Spain, ...
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Gordon Brown: Germany must drop blame game and save the euro
Christian Science Monitor
Yet according to the Bank for International Settlements, Germany lent almost $1.5 trillion to Greece,Spain, Portugal, Ireland, and Italy. At the start of the crisis German banks had 30 percent of all loans made to these countries' private and public ...
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Gold Eyes $2000 /oz – Is it a Bubble Ready to Burst?
Gold Seek
With French banks alone holding more of their debts than the entire €440-billion European Financial Stabilization Fund (EFSF) originally designed to bailout Greece, Ireland, and Portugal, a default by either Italy or Spain would likely bankrupt the ...
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E-Mini S&P 500: Susceptible to the skeptical!
Inside Futures
The Euro Zone has a fragile economic environment where Greece, Ireland and Portugal have been rated less than investment grade. Spain and Italy teeter on the fringes of that fragility. Yet the US, with its lustrous reputation and sought after debt ...
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Meeting of the minds
Toledo Blade
At least three members of the euro zone -- Greece, Ireland, and Portugal -- have shaky finances. The much larger economies of Italy and Spain might also be on the skids. The US and European economies are closely intertwined: Europe buys almost 25 ...
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Cech: The draw was very kind to Slovakia
Fifa.com
“If you can look at the teams in the first pot, we could have got the likes of Spain orPortugal and we got Greece. Nothing against Greece, but anybody who could have their pick of opponents from the first pot would choose them. ...
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Fifa.com
EU- Manufacturing, services sectors at slowest in 2 yrs
Middle East North Africa Financial Network
... became crucial especially after the collapsing of some European economies like Greece and other weak economies like Ireland and Portugal. On the other hand, other countries are recovering from their financial crisis such as Italy and Spain. ...
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Stop reacting, and start acting
Business Times (subscription)
When we add up the public debts of Greece, Ireland, Portugal, Spain and Italy, we reach something like 3.35 trillion euros (S$5.82 trillion); that is 35 per cent of the eurozone GDP, and 130 per cent of the German GDP. Because of the stock nature of ...
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George Soros: US Double-Dip Recession More Likely Now
International Business Times
Ireland, Greece, Spain, Italy, and Portugal have lived beyond their means and also failed to anticipate the structural and related competitive changes that globalization would place on their economies.
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International Business Times
Hungarian Central Bank Leaves Main Rate Unchanged to Stem Currency Decline
Bloomberg
The franc, seen by investors as a haven, advanced after Europe's debt crisis spread to Italy andSpain from Greece, Ireland and Portugal and Standard & Poor's downgraded the US credit rating for the first time on Aug. 6. It traded at 239.77 at 5:24 pm ...
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FDIC: Number of problem banks fell to 865 in Q2
The Associated Press
And they have limited direct exposure to the riskiest European countries, Portugal, Ireland, Italy,Greece and Spain. Last year's bank failures cost the FDIC's deposit insurance fund an estimated $21 billion. But in the April-June quarter, ...
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Gold hits record above $1900
AFP
Demand has soared as eurozone leaders struggled to contain the widening debt crisis, which has already sunk Greece, Ireland and Portugal, and now threatens to engulfItaly and Spain. The glamorous metal won a further boost earlier this month when ...
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AFP
Testing the sharemarket barometer
Business Spectator
Ask the people of Greece, Ireland, Iceland, Spain, Portugal, the UK and Italy if there's no recession. What's been witnessed since 2007 is not a recovery from recession in the US and Europe, but a masking of it. What has to be recognised is that the ...
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Gold's Trajectory Points to $3000 an Ounce
Midas Letter
... (c) Greece is bust, (d) Portugal and Ireland may well be bust, (e) Ditto Spain, (f) Maybe dittoItaly, and (g) the European political system is broken as well. It's no wonder that gold bulls have been pushing at an open door. ...
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Beyond the sovereign debt crisis - time for a rethink
PublicServiceEurope.com
Despite the European Central Bank twice stepping in to rescue Greece and ease debt repayment terms for Ireland and Portugal, a permanent "transfer union" will be difficult, financially and politically, to sustain. At the same time, the prospect of ...
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PublicServiceEurope.com
Barings cautious as economies fail to show signs of growth
Stock Market Wire
"Greece has been a serial loser for much of the last 18 months, later joined by Ireland andPortugal. "But the tempo has been rising to a crescendo recently and each week that goes by yet another country finds itself the subject of hostile attack with ...
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ECB Adds 14.3 B To SMP, Total Buying Now 110.5 B
Daily Markets
The ECB paused the rate hikes when it met earlier in August, but announced a resumption of its bond buying program; which initially had been focused on Greece, Portugal, and Ireland. The initial absence of Spain and Italy from the resumed bond buying ...
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Change log–What's new in Zune 4.8
WMPoweruser.com
... France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Italy, Japan, Korea, Malaysia, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, United Kingdom, ...
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OECD Countries - GDP growth held back by Europe
Staffing Industry Analysts (registration)
The Euro area (EA17) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia, Finland and Estonia. The EU27 includes Belgium (BE), Bulgaria (BG), ...
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JSE head praises SA finance leaders
ITWeb (blog)
Some of the PIIGS – Portugal, Ireland, Italy, Greece and Spain – have external debt more than 100% of GDP and they still haven't worked out that basic thing: when in a hole, stop digging. “Foreigners are still net buyers of our bonds, they've only just ...
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ITWeb (blog)
Olive: How likely is a double dip?
Toronto Star
It would be an exaggeration to describe as chaos the disputes among Europe's healthiest economies on how to confront the sovereign debt crises of Greece, Ireland, Portugal and other potential bailout candidates. It is fair to say that German Chancellor ...
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Economic Buzz: German Economic Sentiment Drops Sharply In August
India Infoline.com
Eurozone has been grappling with debt troubles in countries like Greece, Ireland and Portugal, which have needed international bailouts and there are fears Italy and Spain may have trouble paying their debts as well.
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Investors rush to save with the JUUGS
ICIS (subscription) (blog)
Most of us have now heard of the PIIGS countries (Portugal, Ireland, Italy, Greece, Spain). They are the ones causing the Eurozone debt crisis. Today, the blog introduces the JUUGS (Japan, UK, USA, Germany, Switzerland). These are the major countries ...
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Bleak markets hamper European plans to sell off government assets
The Daily Star
Tumbling equity prices have wiped billions of dollars off the value of state-owned companies since the start of the month, clouding the outlook for planned sales by countries such as Greece, Portugal, Russia, Poland and Romania. ...
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The Daily Star
All eyes on Germany in Europe debt crisis
LA Times: World News — The country is already bearing much of the bailout burden . ... Future of Euro: crisis in Greece, Ireland, Spain, Portugal. ... France Spain Italy Portugal England Scotland UK Ireland Greece Germany ...
www.buzzbox.com/news/2011-08-13/ireland:portugal/?...

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