 Under fire, Europe works to bolster debt crisis fund Reuters By Dina Kyriakidou and Dan Flynn WASHINGTON, Sept 25 (Reuters) - European policymakers, stung by criticism for failing to stem the euro zone debt crisis, began working on new ways to stop fallout from Greece's near-bankruptcy from inflicting more ... See all stories on this topic » EURO GOVT-Bunds edge up on caution over EU debt crisis plans Reuters Peripheral euro zone government bonds were seen remaining under pressure with no further details immediately available on how EU leaders planned to ring-fence Greece, Portugal and Ireland. (Reporting by Emelia Sithole-Matarise) See all stories on this topic » INTERVIEW: Poland's Rostowski: EU Crisis To Hit Richer Members As Much As Others Wall Street Journal Urging Europeans to avoid simplifications and to set animosities aside, Rostowski said that euro-zone countries Greece, Ireland and Portugal, which have received multilateral aid, had taken significant steps to improve their economies and public ... See all stories on this topic » Geithner Plan for Europe is last chance to avoid global catastrophe Telegraph.co.uk "Sovereign and banking stresses in Europe are the most serious risk now confronting the world economy. Decisions cannot wait until the crisis gets more severe." Euroland's dysfunctional arrangements are no longer a local affair. As the EuropeanCentral ... See all stories on this topic »  Telegraph.co.uk Currency Crisis: German Central Bank Opposed to Merkel's Euro Course Spiegel Online ECB President Jean-Claude Trichet and the majority of his colleagues are willing to rush to the aid of embattled EU finance ministers and to make major purchases of the sovereign bonds of debt-ridden euro-zone countries, such as Greece, Portugal and... See all stories on this topic »  Spiegel Online European debt crisis puts surplus in jeopardy The West Australian Germany and France have begun work on a strategy, amid warnings that the eurozone's sovereign debt crisis is spiralling out of control. Their aim is to build a "firebreak" around Greece, Portugal andIreland to prevent the crisis spreading to the ... See all stories on this topic » Economic recovery is underway in the Emerging Europe -World Bank Balkans.com Business News “Most countries in Emerging Europe and Central Asia have recovered from the global economic crisis, but growth has returned at lower rates than pre-crisis trends in most of the region. The region is expected to record a real growth rate of 4.3 percent ... See all stories on this topic » Bank lobby rejects reopening of Greek rescue deal CBS News But since July, the eurozone's debt crisis has significantly worsened, partly because investors now fear that they may also face losses on bonds from already bailed-out Portugal and Ireland as well as struggling Italy and Spain. The Greek economy is ... See all stories on this topic » Possibility of Greek default priced in by many mkts RBS Moneycontrol.com That is reflecting that the demand for liquidity which again is a reflection of the concerns that we could see a worse case scenario pan out in the euro zone. The demand for dollars is now a function of how bad the crisis appears to be. ... See all stories on this topic » Bryan Gould: Europe needs to cut Greece loose from the euro New Zealand Herald The result? A debt crisis that has engulfed Greece and Portugal, to a lesser extent Ireland and Spain, and now - potentially - Italy. But instead of recognising their mistakes, Europe's leaders have continued to ignore economic realities. ... See all stories on this topic » GCC Sovereign Wealth Funds monitor European opportunities AME Info The eurozone is in crisis, and many expect that Middle East money will be used to help bail out struggling European banks and even governments. But with no guarantees the eurozone will even survive its current troubles, might Gulf Sovereign Wealth ... See all stories on this topic » REPORT: The Details Of A Big New Plan To Save The Euro Business Insider By building a "firebreak" around Greece, Ireland, and Portugal, bolstering banks, and expanding the European Financial Stability Facility, they think they can halt the spread of the sovereign debt crisis and restore confidence to the markets. ... See all stories on this topic »  Business Insider The European Debt Crisis More Bailouts for Banks More Austerity for Workers allvoices McNally argues the similar types of predatory lending to boost financial profits have led to the present crisis in Europe. Now governments are rushing to resscue these banks with public funds. As McNally put it:""When debt-strapped governments receive ... See all stories on this topic » Damage limitation is best scenario Fundweb Ireland, Greece and Portugal, the European Central Bank (ECB) and stronger countries in the eurozone have done just about enough to stop the crisis progressing towards what many suggest is its inevitable conclusion. Several countries have gone beyond ... See all stories on this topic »  Fundweb The paper clip, 26 September European Voice (blog) The paper also rounds up the various statements on Greece made at the weekend by international policymakers. Parliaments in Austria and Germany are to decide later this week whether to increase the EU's bail-out fund, the European Financial Stability ... See all stories on this topic » Twisting in the Wind Business Insider (Multi-trillion plan to save the eurozone being prepared) Phil's overarching premise is that theeurozone will not collapse, and the financial crisis will not result in the breakup of the EU. Others are less optimistic. Mish Shedlock is skeptical: “The ... See all stories on this topic » Economic advice from Canada TheChronicleHerald.ca Financial markets around the world, including Canada, have plunged in recent days as warning signs of deep economic trouble mount. Europe is seized by a sovereign debt crisis, as Greecehovers at the brink of a default, and Ireland, Portugal, ... See all stories on this topic » Kiwi continues downside movements slower export growth IBTimes ... slightly after the Europe-leaders announced that they started the work on a three-pronged strategy behind the scenes to build a "firewall" around Greece, Portugal and Ireland to prevent thecrisis spreading to Italy and Spain, where the Euro-Zone ... See all stories on this topic » Eurozone crisis and its impact on Indian companies Economic Times All was well till the global economic crisis of 2008 showed that the fault lines in the over-leveraged economies of Europe - a result of weak governance - ran very deep. By late 2009, Greece had announced that its budget deficit was actually 15.4% of ... See all stories on this topic » High stakes Fundweb In Europe, and in the eurozone in particular, the problems are much more acute. The difficulties of the Piigs countries - Portugal, Italy, Ireland, Greece and Spain - have been well documented, and recent statistics have only reinforced these ... See all stories on this topic » Weekly commentary: Will a firewall solve the problem? TradingFloor.com (blog) Policy responses in this now three-year long crisis have been highly predictable if you understand theeconomic dynamics of the crisis. The point is that what the world is facing is not a typical recession which can normally be rectified by central ... See all stories on this topic » IMF in warning over eurozone debt crisis RTE.ie Lisbon is enacting tough austerity measures to meet the terms of a €78 billion bailout from the EUand IMF. Portugal was the third euro zone member to receive rescue funds after Greece andIreland. "As widely recognized, we are moving quickly and ... See all stories on this topic » Overseas markets, euro fall in early trading Globe and Mail The euro hit a 10-year low versus the yen , as hopes that EU leaders, under pressure from tumbling markets, might agree on bolder steps to ring-fence heavily indebtedGreece, Portugal and Ireland were offset in investors' minds by a lack of detail ... See all stories on this topic »  Globe and Mail IMF says decisive action needed in Europe to restore confidence; Sovereign ... FinFacts Ireland By Finfacts Team The economic situation in Europe has deteriorated markedly in the past few months. The economy is now experiencing a significant slowdown, and the sovereign debt crisis is entering a new, more worrisome phase, Antonio Borges, ... See all stories on this topic »  FinFacts Ireland Euro-zone debt crisis complicates China's ... - China Business News By CBN Euro-zone debt crisis complicates China's policy-making. ... Worries over the likelihood of Greecedefaulting have intensified as EU members decide whether to provide more financial support to the highly indebted and almost insolvent nation. The prospect of the euro zone recovering anytime soon has been eroded ... The EFSF, with an effective capacity of 440 billion euros, has so far been used to provide emergency loans to Portugal and Ireland. Liao Shuping, an analyst with BOC, ... China business news |
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