Today: EUROZONE Crisis News, Sep 16, 2011

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Sep 16, 2011

EUROZONE Crisis News, Sep 16, 2011

Europe and US face 10 years of slow growth: UK's Brown
Reuters
The sovereign debt crisis gripping Europe has seen GreecePortugal and Ireland forced to take bailouts, piled bond market pressure on Italy and Spain and raised fears of a banking crisis as wholesale funding evaporates on concerns about lenders' ...
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How The European Debt Crisis Could Spread
NPR
by Marilyn Geewax The world's major central banks are so worried about Europe's debt crisis that they are moving to shore up eurozone banks. The troubled banks hold billions in sovereign debt ofGreece, Spain, Portugal and other struggling countries. ...
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Geithner joins EU talks to solve debt crisis
GlobalPost
The ministers are due to lay out plans to deal with Europe's debt crisis, including ways to prevent disruptions in financial markets and prospects for a return to growth, reports the BBC. Three euro zone countries – Greece, Ireland and Portugal ...
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GlobalPost
Will the eurozone break up?
BBC News
Five hundred million dollars said Lagarde at Jackson Hole, revising it down to 200m euros lately. Let me just pause for an explainer on how the euro crisis and the bankingcrisis are linked. Greece needed a sovereign bailout because it had an ...
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BBC News
Crisis interruptus
Business Standard
But the bond could, at the very least, limit the credit crunch to Europe's smaller economies likeGreece, Ireland and Portugal, all of which have received rescue packages from EU and the International Monetary Fund, and prevent the contagion from ...
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No lasting fix for EU
iAfrica.com
There, the eurozone's financial chiefs and Geithner are huddling to find more lasting solutions to the debt crisis. The European ministers are expected to finalize the terms of Greece's second bailout. It had initially been agreed upon in July. ...
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The Canaries' Problem
Cause and Effect in European Politics and Economy
Tradables, as agriculture and manufacturing, have too small a share in the Greekeconomy to become an engine of growth, the authors say. Greece, however, is simply a "canary" of the debt crisis in the eurozone, according to an analysis of CEPS Director ...
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Cause and Effect in European Politics and Economy
Merkel Fails to Tame Coalition in Greece Conflict
Bloomberg
Skirmishes over the euro's future and financial aid to Greece are intensifying in Merkel's coalition before Sept. 18 regional elections in Berlin, the last of seven state votes this year that have seen the coalition parties punished as the crisis ...
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Economists Put Even Odds on Euro Zone Breakup
Wall Street Journal (blog)
By Phil Izzo As concerns about Europe continue to rile world markets, economists in the latest Wall Street Journal economic forecasting survey put 50/50 odds that at least one member will exit theeuro zone in the next two years. ...
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Analysis - Is the EFSF ready to take over ECB bond-buying?
Reuters
"Looking at better ways to use the EFSF is a good idea, but the systemic nature of thecrisis means that this may no longer be enough," Kapoor said. "An EFSF-ECB double-act may work, especially if the ECB can signal credibly that it stands behind the ...
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Reuters
Greece Attempts To Ward Off Default
Neon Tommy
Sinn said if bankruptcy for Greece happens in an orderly way, it may be Europe's only way to start to move out from under the debt crisis. “Insolvency does not mean complete ruin and demise,” Sinn said. “Insolvency allows the off-loading of debts, ...
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Neon Tommy
Russia to the rescue?
Tne Moscow News
... 20:14 In a seemingly heroic move, Russia, it was announced this week, is negotiating a €2.5bn ($3.4bn) emergency loan to Cyprus, a peripheral eurozonecountry at risk of following Greece, Portugal and Ireland into the European debtcrisis. ...
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Tne Moscow News
Denmark elects first woman PM ‎
Irish Times
Denmark was the latest European country to see incumbents thrown out in part because of the economic crisis. Ireland, Britain, Portugal, Finland and The Netherlands have all seen changes. Spain's Socialist government faces possible defeat in a November ...
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Irish Times
Local financial stocks rebound on concerted Europe aid plan
Focus Taiwan News Channel
The aid plan, which is expected to provide relief to struggling European banks amid the debt crisis in the eurozone, boosted bank stocks in the US and Europeanmarkets overnight. Their local counterparts followed suit, as investors took advantage of...
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Focus Taiwan News Channel
Dollar access no long-term fix for Europe's crisis
Huffington Post
Given Germany's reluctance to bail out Greek banks, Alpert said, other EU nations may choose to prop up their own banks and allow Greece to default. US banks hold much less in Greekgovernment bonds than European banks do. But the 2008 financial crisis ...
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Nouriel Roubini: We're entering new recession, issue is how deep
Globe and Mail
Nouriel Roubini, the New York University professor who forecast the financial crisis, went further today, warning that "we are entering a recession." The question isn't whether there will be a double-dip, he said on Twitter, but rather how deep it will ...
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S&P - 1 year chart
Proactive Investors UK
Markets will also keep a close eye on any relevant comment on the ongoing Eurozone debt crisis, and Greece in particular. In fixed income, another Fed's Outright Treasury Coupon Purchase operation in the maturity range of Sep'15-Feb'17, with a purchase ...
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Is a profit warning reason enough to panic?
Equitymaster.com
The world is quickly losing patience with the Euro crisis and the shoddy way the countries have handled their fiscal balances. That European economies are in a precarious state is a foregone conclusion. So debt saddled is Greece, Portugal and Ireland, ...
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China's growing global role
Dominican Today
However, Mr Wen made clear that EU countries should put their own houses in order and prevent the further spread of the sovereign debt crisis in Europe. He also implied there might be conditions for Chinese support by suggesting that Europe might ...
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Analysis: Gold's rollercoaster ride is far from over
Reuters
Financial markets around the world have been subjected to extreme price movements as investors grow increasingly unnerved by the ability of euro zone leaders to solve the regional debt crisis that has engulfed Greece, Portugal and Ireland and now ...
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Reuters
We Are Witnessing The First Wave Of A Bear Market - SPXU Trade Still In Play
Seeking Alpha
The fact is that China can't purge the world of the economic crisis. Indeed, some countries have overestimated China's role in the global economy. The fear of contagion is a domino effect in whichEuropean banks with exposure to Greece, Portugal, ...
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Europe at risk of Great Depression, Soros warns
Financial Post (blog)
Billionaire investor George Soros says policymakers must prepare for the possibility that Greece,Portugal and perhaps Ireland will have to default and leave the eurozone. Billionaire investor George Soros has warned Europe's debt crisis risks ...
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European RMBS: A Continent Divided
Mortgage Finance Gazette Online
Both of these countries have been relatively immune from the worst of the eurozone's problems, reflected in stable rating performance of RMBS transactions. Transactions from Greece, Ireland andPortugal on the other hand have suffered the most in terms ...
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Germany Reports 14.7 Percent Rise In Exports
NPR
... economic growth of only 0.1 percent. The mood is further darkened by concerns that leaders of the eurozone are still struggling to contain a government debt crisis that has pushed Greece,Ireland and Portugal into taking international bailouts. ...
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French banks downgraded before talks to save Greece, euro
Malta Business Weekly
European Commission head Jose Manuel Barroso described the crisis as “the most serious challenge of a generation. This is a fight... for the economic and political future of Europe”. Barroso has said he will put forward moves to tackle the euro zone ...
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Greek Crisis Threatens Eurozone Survival | Greece.GreekReporter ...
By Andy Dabilis
ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots over. ... Greek Crisis Threatens EurozoneSurvival. Posted on 15 September ... European Commission President Jose Manuel Barroso told a meeting of the European Parliament in Strasbourg, France: “We are confronted with the most serious challenge of a generation …. this is a fight for the economic and political future of Europe. This is a ...
Greece.GreekReporter.com Latest...
International alarm over euro zone crisis grows - Yahoo! News
News. BERLIN/ROME (Reuters) - International alarm over Europe's debt crisis hit new heights on ...Article: Snapshot: U.S. alarmed about euro zone, Greek default talk grows ... Article: Portugal hit by euro periphery concerns: IMF ... In financial markets, stocks and the euro rose on Tuesday on hopes Europe's top powers will ...
news.yahoo.com/geithner-heads-europe-debt-fears-mount-030...
'Euro zone crisis could rip European Union apart' - International ...
Euro zone crisis could rip European Union apart?, The head of the EU ... This is a fight... for theeconomic and political future of Europe?, International News. ... to prevent a debt crisis that has already claimed Greece, Portugal and Ireland, ...
www.livemint.com/2011/.../8216Euro-zone-crisis-could.html?...
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