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Austerity cuts not to blame for Greek drug shortage, EU says EUobserver.com The company warned Italy, Portugal and Spain might be next. In a fresh example of how the eurozone crisis is having an acute impact on citizens, Swiss firm Roche has halted shipments of cancer drugs and other medicines to a number of public hospitals ... See all stories on this topic » | ||
Euro Bonds Unlikely to Solve Problems New York Times By HUGO DIXON Euro bonds are not the answer to Europe's raging financial crisis. The idea behind the bonds, that euro zone countries would guarantee each others' debts, won't be agreed to in time to solve the problem. And, once the crisisis over, ... See all stories on this topic » | ||
Risk aversion batters rand Fin24 RMB analysts said in a note on Monday that the inability of European politicians to get on top of the Piigs (Portugal, Italy, Ireland, Greece, Spain) crisis was creating increased risks of another financial crisis - this time centred on eurozonebanks. ... See all stories on this topic » | ||
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Amid European debt crisis, investment opportunities exist Pensions & Investments The eurozone has grappled with a sovereign debt crisis for about 18 months, withGreece, Ireland and Portugal all needing bailout packages to avoid defaults. But now, growth is slowing throughout the 17-country union, and some money managers question ... See all stories on this topic » | ||
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Eurobonds would not work without EU economic governance PublicServiceEurope.com The advent of the financial crisis in the banking sector as well as breaking news concerning statistical fraud in some quarters, the latter neutralising the Europeanbudgetary surveillance systems, all ended up triggering the sovereign debt crisis. ... See all stories on this topic » | ||
BIS Says Monetary Policy Not Answer To Crisis Fox Business Amid an intensification of Europe's sovereign debt crisis, the European Central Bank has had to re-start its program of buying the sovereign debt of euro zonenations on the secondary market. Though conceding that also at this time last year,economic ... See all stories on this topic » | ||
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Portuguese premier: If Greece sinks, Europe will be in danger Monsters and Critics.com An aggravation of the Greek crisis would make Portugal's economic recovery more difficult, according to the premier, whose country followed Greece andIreland in being bailed out by the EU and the International Monetary Fund. Passos Coelho defended the ... See all stories on this topic » | ||
'Turkish banking sector strong, gov't still taking measures to offset possible ... Today's Zaman Babacan touched upon the economic developments in the world, especially the debtcrisis in some major European Union countries. Evaluating the possible effects of the eurozone's financial crisis to Turkey, Babacan underscored that this particular issue ... See all stories on this topic » | ||
Country risk September 2011: Past defaults offer little comfort to troubled ... Euromoney Magazine The results show the lasting effect financial crises can have on risk perception of the countries involved. Already, they show something potentially more serious: the present crisis is more severe than any in the past 20 years. Since 2008, Greece's... See all stories on this topic » | ||
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Oil plunges below US$87 in Asia plastemart.com The euro fell to US$1.36 vs the dollar, from US$1.37, continuing to weaken this month amid growing fears that a possible debt default in Greece could generate similar moves in Portugal, Ireland, Italy and Spain as well as a banking crisis. ... See all stories on this topic » | ||
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Compromised Global Markets Thwart Any Possibility of Economic Recovery: Gold... Midas Letter Most are unlikely to dive back in given fears over Europe's debt crisis and fears of a second recession in the United States that sent equity markets sliding over the summer. The $2 trillion hedge fund industry — often seen as the smartest of the ... See all stories on this topic » | ||
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Does the euro have a future? Fin24 To resolve a crisis in which the impossible becomes possible it is necessary to think about the unthinkable. To start with, it is imperative to prepare for the possibility of default and defection from the eurozone in the case of Greece,Portugal, ... See all stories on this topic » | ||
The Sad Case of the Germans EconoMonitor (blog) If Europe wants to avoid a deepening crisis, it is unavoidable, too.” Absolutely right, as usual. He's right again today in the FT when he argues that Greece should, at this juncture, bolt the EU and revive the drachma (and thus its ability to ... See all stories on this topic » | ||
BIS says crisis 'not a monetary problem' Financial Times However, it is understood that the BIS's concerns focus on eurozone members whose banks have had the greatest difficulty in raising finance – Greece, Portugaland Ireland, and to a lesser extent, Spain and Italy – rather than on the UK or the US where ... See all stories on this topic » | ||
Haze and Euro Show Limits of, and Needs for, Regionalism Thailand Business News In the EU, Germany has to lead any solution of the Euro crisis, as it is the largest economy. Although in both situations regional institutions have an important role, ultimately it will be decisions made at the national level in Indonesia and Germany... See all stories on this topic » | ||
Quote of the day Peninsula On-line The latest scandal comes at a time when Italy, the euro zone's third largest economy, is grappling with a severe financial crisis and the nation needs to stand united to instill confidence in the international community. The opposition is particularly ... See all stories on this topic » | ||
Economy Minister on storm watch Budapest Times Matolcsy said: “With the help of an unusual yet effective economic policy, Hungary managed to distance itself from the crisis of the European Union, but the last six weeks have clearly shown that a financial turmoil originating in the eurozone is ... See all stories on this topic » | ||
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Greece Should Default Now Hemscott The big fear all along has been that a Greek default would set off a chain reaction that would force a slew of larger economies such as Ireland, Portugal, and even Spain or Italy into full-blown crisis. However, as time goes by, the contagion effect... See all stories on this topic » | ||
BIS Says Monetary Policy Not Answer To Crisis NASDAQ Amid an intensification of Europe's sovereign debt crisis, the European Central Bank has had to re-start its program of buying the sovereign debt of euro zonenations on the secondary market. Though conceding that also at this time last year,economic ... See all stories on this topic » | ||
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A primer on the Eurozone crisis & thread for recommended reading ... By Lorcan Mullen (This will likely remain the most important story in the news this week. ... In theEurozone, Greece is essentially insolvent. ... Markets, seeing the culmination of theGreek fiasco, would likely dump Irish and Portuguese bonds, having lost faith in the bailout/austerity mix promoted by the powers-that-be. ... And of course, the last Slugger essay on the subject, chock-full of interesting links: http://sluggerotoole.com/2011/09/14/euro-crisis-it-is-a-debt-crisis-but-a-crisis-too-of-legitimacy/ ... Slugger O'Toole |
Debt crisis a historic challenge to European unity (AP) WROCLAW, Poland — The latest backdrop for European financial crisistalks ... three countries — Greece, Portugal and Ireland — into multibillion euro... www.cbsnews.com/stories/2011/09/17/.../main20107704.shtml | ||
Global financial crisis II: the challenges for India Then there are other countries like Portugal, Cyprus and Ireland which are already... The European financial crisis further aggravated as the credit rating ... www.deccanherald.com/.../global-financial-crisis-ii-challenges... | ||
Eurozone crisis could rip EU apart: officials STRASBOURG, France — The eurozone debt crisis now threatening banks could... prevent a debt crisis that has already claimed Greece, Portugal and Ireland, ... www.google.com/.../ALeqM5hWtxn74hi-bTGq7TzzXZZndz5... | ||
EU debt crisis: Greece forced to wait for crucial bailout funds - as it ... Europe's Economic and Financial Affairs Council is gathering in Wroclaw, Poland , ... 9.23am: A quick bit of news on the Kweku Adoboli, the UBS trader arrested ...On the Eurozone crisis: We need to resolve the situation in Greece. ... Juncker, president of the Eurogroup, began by congratulating Portugal and Ireland on the... www.guardian.co.uk/.../sep/.../euro-debt-crisis-finance-ministe... | ||
Greece says committed to bail-out obligations - RTÉ News Barroso calls current crisis the 'most serious challenge of a generation' ... otherfinancially troubled European countries such as Portugal, Ireland, Spain or Italy. ... 17 eurozone countries for not taking tough enough actions to prevent thecrisis. ... www.rte.ie/news/2011/0914/euro-business.html | ||
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 financialmarkets, stocks and the euro rose on Tuesday on hopes Europe's top powers will... ca.news.yahoo.com/geithner-heads-europe-debt-fears-mount-... | ||
Eurozone debt crisis: Imperative to prepare for Greek, Portugese ... Eurozone debt crisis: Imperative to prepare for Greek, Portugese and Irish default , says George Soros ... Read more on »Portugal|Italy|greece|George Soros|eurozone debt crisis|euro|default ... This would require a new treaty, transforming the European Financial Stability ... For Opinion news updates, follow ET on Twitter ... economictimes.indiatimes.com/...to.../9998901.cms | ||
'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 the economic and political future of Europe?, International News. ... to prevent a debt crisis that has already claimed Greece, Portugal and Ireland, ... www.livemint.com/2011/09/.../8216Euro-zone-crisis-could.ht... | ||
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Germany faces unappetizing choices in euro crisis | Deseret News But as the debt crisis intensifies, the leader of Europe's biggest economy is sticking to a ... by economists is issuing eurobonds, debt backed jointly by alleurozone nations. ... Affairs Council in Wroclaw, Poland, to discuss Europe'sfinancial crisis. ... But after multiple bailouts — Greece, Ireland, Portugal and then Greece a ... www.deseretnews.com/.../Germany-faces-unappetizing-choice... | ||
Europe returns to national identity | Presseurop (English) The looming Greek default has brought an arrogant and overbearing EU to a turning point. ... possibly currencies across the periphery of the eurozone, coveringGreece, Ireland, Portugal, Spain and Italy. .... As the economic crisis drives up the value of gold on world markets, the Romanian state intends to ... News briefings... www.presseurop.eu/.../955941-europe-returns-national-identit... | ||
EU toughens ... - News from the Associated Press | Wacotrib.com U.S. Treasury Secretary Timothy Geithner steps out of an informal meeting ofEuropean Union finance ministers who are discussing euro zone crisis and rescue ... hosted2.ap.org/.../id-865033a06c104c2f9a245821959da476 | ||
Geithner tells EU to speak as one on eurozone crisis - Business ... Timothy Geithner told EU finance ministers to end talk about a eurozone break- up and work with the European Central Bank to fight the debt crisis. ... secretary Timothy Geithner told European Union (EU) finance ministers on Friday they ...Portugal, which have both been bailed out, were on track and that Greece'srenewed ... mg.co.za/.../2011-09-16-geithner-tells-eu-to-speak-as-one-on-... | ||
Alarm over euro zone crisis grows | Stuff.co.nz International alarm over Europe's debt crisis has reached new heights, with US ...to weigh their words carefully to avoid creating turmoil on financial markets. ...shore up weak euro zone countries after agreeing to bailouts of Greece, Irelandand ... monetary integration with more effective co-ordinated fiscal policy," the news... www.stuff.co.nz/business/.../Alarm-over-euro-zone-crisis-gro.. |
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