Today: EUROZONE Crisis News, Sep 13, 2011

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Sep 13, 2011

EUROZONE Crisis News, Sep 13, 2011


End of the line for Greece?
Salon
Christine LaGarde, head of the IMF, argues that "credible, medium-term fiscal consolidation" among the euro zone countries combined with "aggressive" ways to support short-term economic growth is the path out of the current crisis. ...
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Salon
China Called on as Emergency Lender as Italy Faces Crisis
BusinessWeek
Italy joins Spain, Greece, Portugal and investment bank Morgan Stanley among distressed borrowers that turned to China since the 2007 collapse in US mortgage securities set off a crisis that widened to engulf euro-region sovereign debtors. ...
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BULLION MORNING - Gold dips on softer euro, growing economic worries
FXstreet.com
The eurozone debt crisis is taking its toll on the single currency - the euro dropped as low as 1.3554 against the dollar, down from the close on Monday at 1.3649. With the dollar becoming firmer, traders have speculated that the strength of the US ...
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Markets calmer on Tuesday as Italy turns for help to China
FXstreet.com
by Katarzyna Komorowska - FXstreet.com | View company's profile Tuesday will probably be more positive for the markets following the Monday panic brought about by renewed European debt crisisworries. Asian markets traded moderately higher calmed by ...
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Contagion: Now in European Economic "Theaters" Everywhere
Elliott Wave
Soon after, the February 10, 2010, European Short Term Update offered its first-ever analysis ofIreland, warning that it would be the next falling domino in the eurozone crisis. And finally, the March 2010 European Financial Forecast dispelled any ...
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VIX at Biggest Discount to Europe's VStoxx Since 2008: Options
BusinessWeek
Concern Greece will default on its loans and spur a banking crisis is driving up the price of options relative to contracts in the US, where equities are beating their euro-zone counterparts by the widest year-to-date margin since 1987, according to ...
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Greece can not afford to lose European funds: EU commissioner
People's Daily Online
Due to chronic bureaucratic burdens and the debt crisis that has hit Greece hard since late 2009, Athens does not fully use some billion euros already secured in EU coffers years ago, since the government can not co- finance the development projects. ...
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Greece and Ireland under pressure to step up austerity measures
FXstreet.com
The group decided to issue a statement though in which the finance ministers and central bankers taking part in the conference promised an international coordinated and firm action against the crisisand the global economic slowdown. ...
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Is default the next Greek tragedy?
CNN
But no, it's not about the European debt crisis. Stocks plunged in Europe Monday. Fears of a potential Greek default continued to scare investors following reports that German banks were preparing for such a possibility. Alex Bellefleur, financial ...
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Euro zone debt to peak at 88.7% of GDP in 2012
RTE.ie
The report said that for Greece, Ireland, Portugal, Britain and Spain, "the high increase in the level of debt since the beginning of the crisis means that the reduction by 2014 will be small and reversing the increases seen since the time of the ...
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Farrell: Greek Crisis Begs US TARP-Type Solution
CNBC.com
Well, yieu and yieu and yieu might well be Greece, and Portugal, and Ireland. It had to happen. The idea of a European Union sounded so good, but the question always was when push came to shove, what would prevail: country or union? ...
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CNBC.com
Eurozone Crisis Intensifies: What Does The Canary In The Mineshaft Indicate ...
mi2g
Let us not underestimate the threat of contagion from Greece's default. Not just Ireland andPortugal, Italy and Spain, but also Austria, Belgium, Cyprus and France, alongside EasternEurope, are likely to be in the melancholic doldrums as Greece ...
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Is Another Correction Coming, Or Is The Worst Over?
Seeking Alpha
The concerns in Europe were the situation in Greece -- ie, would Greece default? The underlying and more damaging fear was how a default would affect Portugal, Ireland, Italy, Spain or -- worse -- some unintended consequences yet unknown. ...
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The Dutch throw democracy under the bus
Foreign Policy (blog)
The economic component of the Euro crisis is very serious. The larger crisis ofEurope is even more serious. Rutte and de Jager are right to be anxious for a big solution. But they should not throw European democracy out to assuage their anger over ...
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Foreign Policy (blog)
Losing Faith in the "Power" of Central Bankers
Daily Reckoning - American Edition
Yields on Greek two-year notes rose above 60 percent today for the first time… “After almost two years of fighting to contain the region's debt crisis and providing the biggest share of three Europeanbailouts [to Greece, Ireland and Portugal],” ...
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Economy Minister says Hungary in "new period of risk"; slams IMF interference
Realdeal.hu
By MTI Hungary has again assumed the mantle of one of the riskiest economies in the region due to the new crisis in the euro zone as well as the high level and adverse structure of the public debt, Economy Minister Gyorgy Matolcsy said on Monday. ...
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Analysis of S&P500 index from the point of view of volatility trade
«Market Leader» - news and previews making you rich.
The crisis has affected the financial system of the entire EU. At the moment mosteurozone states are suffering from public debt growth, fragile banking system and low pace of economic recovery. The so-called PIIGS states (Portugal , Ireland, Italy, ...
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«Market Leader» - news and previews making you rich.
IMF urges more debt analysis in advanced economies
Reuters
The IMF and European Union have provided rescue loans to Greece, Portugal and Ireland since last year as the countries have struggled to rein in budget deficits. There are growing fears in markets that Greece will default as economic growth in the euro ...
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Ireland: Is austerity enough or will we see haircuts?
Credit Writedowns
The “spreads curves” have flattened considerably for Ireland and Portugal, reflecting less near-term uncertainty about the future of Irish finances given the July 21 EU agreement on Greek debt restructuring, more favourable financing terms for the ...
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Overgrown lawns and no Christmas: A new Toronto?
CTV.ca
BMO Nesbitt Burns today sums up the troubles slamming the euro zone as the crisis in the 17-member monetary union continues to mount. Here's the take from senior economist Sal Guatieri: 1. The "rising probability" of a default by Greece. ...
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French banks can cope with any Greek outcome
RTE.ie
As the financial crisis turned into a euro zone debt crisis, the ECB extended special easy-terms short-term financing for banks in the eurozone, and particularly for those in Greece, Ireland andPortugal. Tánaist Eamon Gilmore said a Greek default ...
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Turmoil ensnares big French banks
Spartanburg Herald Journal
Investors have grown increasingly suspicious that Europe's efforts to contain the crisis that began inGreece are proving too little, too late, despite steps taken by European leaders to avert a default. But the concerns over Greece and its impact on ...
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Van Rompuy takes lead in eurozone crisis stunt | EurActiv
This week (5-11 September) will be marked by the absence of European ... by Council President Herman Van Rompuy to deal with the eurozone crisis. ... EU news & policy debates ..... Interview | Ségol: Financial tax must repair crisis damage ... by contributing to multi-billion-euro bailouts ofGreece, Ireland and Portugal. ...
www.euractiv.com/.../van-rompuy-takes-lead-eurozone-crisis-...
10 Questions about the Eurozone Crisis and whether it can be solved
The European Institute is UCL's new hub for research, collaboration and ... The Eurozone crisisentered a new and dangerous phase in August 2011. ... 2011 (in the order in which they have entered the crisis, Greece, Ireland, Portugal, Spain, ... Economists referred to the two decades before the global financial crisis as the ...
www.ucl.ac.uk/european-institute/highlights/10questions

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