 Sydney Morning Herald That's how I feel about the negotiations over how to respond to Europe's economic crisis, and I suspect other observers share the sentiment. On one side, Europe's situation is really, really scary: with countries that account for a third of the euro ... See all stories on this topic » | ||
| Europe 'scaring world' as recession lurks: Obama Economic Times "It's now being compounded with what's happening in Greece," he said. "So they're going through afinancial crisis that is scaring the world." Germany on Monday hosed down a push to expand a stability fund designed to quarantine the eurozone in the ... See all stories on this topic » | ||
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| Financial crisis: Three years later, the encore Economic Times For nearly two years now, ever since the Greek peccadillo came to light, the eurozone has been caught up in a crisis: from one seizure to the next. Bailouts have been made through the EuropeanCentral Bank (ECB) and the International Monetary Fund. ... See all stories on this topic » | ||
| EMERGING MARKETS-Brazil, Mexico FX rebound on euro-zone hopes Reuters Euro-zone officials are seeking new ways to boost their means to fight a widening debt crisis, Lorenzo Bini Smaghi, an executive board member of the European Central Bank, said on Monday in New York. [ID:nLDE78P01H] The expectation that the euro zone ... See all stories on this topic » | ||
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| Investors turn optimistic on eurozone Toronto Star But now there is growing fear that Spain and Italy, the third-largest economy in the euro zone, may not be sustain their current borrowing levels. “The European debt crisis is the most urgent matter facing the global economy. Europe is now on the brink ... See all stories on this topic » | ||
| Making Europe Safer Wall Street Journal Sound financial markets require constant vigilance. But ESBies would provide a way out from the regulatory gaps at the origin of the crisis, and they lay the foundation for a stronger euro zone in the long run. Messrs. Brunnermeier, Garicano, Lane ... See all stories on this topic » | ||
| Japan suggests additional buying of European rescue bonds Mainichi Daily News ... for Ireland and in June for Portugal. Azumi said the current instability in global financialmarkets largely reflects lingering concerns among investors over the sovereign debt crisis in Europe, and called for a quick implementation by eurozone ... See all stories on this topic » | ||
| Euro's strong exchange rate undermines calls for collapse Pensions & Investments At the same time, the currency's relative strength reflects the commitment of German Chancellor Angela Merkel and French President Nicolas Sarkozy to solve the region's debt crisis and keepGreece, Ireland and Portugal in the 17-nation bloc. ... See all stories on this topic » | ||
| France's Pre-Louis XIV System Helps Cap Debt Costs Bloomberg Concerns about the economic risks that its membership of the euro zone creates for France, especially in its banking system, linger. At the end of March, French lenders had $671.7 billion in government and private debt in Greece, Portugal, Ireland, ... See all stories on this topic » | ||
| Europe Leads the Way Back to Depression OpEdNews "Europe came under fierce pressure from the United States and other major economies at weekend talks in Washington to take swift, decisive action to stop the Greek debt crisis engulfing bigger euro zone states and derailing world economic recovery. ... See all stories on this topic » | ||
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| The Double Standards in EU "Solidarity" Hudson New York As the sovereign debt crisis is also threatening to spread to Italy, the EU has decided to enlarge the powers of the EFSF. To become effective, however, this decision needs the unanimous approval of the parliaments in the 17 eurozone countries. ... See all stories on this topic » | ||
| * US 3-, 6-month bills sold at rates just above zero Reuters European Central Bank executive board member Lorenzo Bini Smaghi said in New York thatEuropean policymakers were discussing ways to leverage the assets of its 440 billion euro financial bailout fund to keep the Greek debt crisis from spreading. ... See all stories on this topic » | ||
| Another Leg Down In This Bear Market? Seeking Alpha My inclination is to wait for the reaction to a Greek default or European banking crisis, such as the specter of a major European banking such as SocGen losing its funding and going under. The other sentiment indicator that I watch is the price action ... See all stories on this topic » | ||
| Greek premier: country will live up to all pledges eTaiwan News "Even Germany depends on Europe, its biggest trading partner, for growth and jobs." Germany,Europe's biggest economy, has been a sometimes reluctant leader of efforts to stem the debt crisisin Greece and other nations in the eurozone. ... See all stories on this topic » | ||
| European Central Bank bought €3.95 billion in government bonds in sharp cutback Washington Post Lower yields takes financial pressure off the governments by reducing the borrowing costs they face in the bond markets. High interest rates have already driven Greece, Ireland and Portugal to seek bailouts from their fellow eurozone governments. ... See all stories on this topic » | ||
| Markets calm, but for how long? ABC Online TONY EASTLEY: After a week of panic and concerns about a new recession in the US and Europe, global stocks have picked up some of their losses. Renewed signs that European leaders might have a plan to tackle the sovereign debt crisis saw Wall Street ... See all stories on this topic » | ||
| Ireland: The best boy in a bad class FXstreet.com We forecast export growth for Ireland of 4.0% in 2011 against this deteriorating outlook. Uncertainty about the global outlook remains elevated at the moment. The main downside risk is the Europeandebt crisis, which could trigger recession in the near ... See all stories on this topic » | ||
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| Why Italy, For All Its Faults, Is Key to the World's Economic Survival BNET (blog) ... the European economic crisis. Part 1 looked at Greece. Italy has two problems: Interest payments and Prime Minister Silvio Berlusconi. Unlike Greece, Italy has a powerful economy. It is the third-largest in the Euro-zone, behind Germany and France. ... See all stories on this topic » | ||
| Promises and plans Financial Standard (1) recapitalisation of European banks to the tune of "tens of billions of euros" to provide a "firebreak" around Greece, Portugal and Ireland and prevent the crisis from spreading to too big to fail Spain and Italy; (2) raise the European Financial ... See all stories on this topic » | ||
| Absolute Zero FXstreet.com Crucially, the Fed is “pushing on a string” that, with “the depth and breadth of the financial crisis, the collapse in housing, the ongoing sovereign debt crisis in Europe, Japan's continuing two-decade-old deflationary depression, the impending hard ... See all stories on this topic » | ||
| Wonkbook: Why some Democrats want a shutdown Washington Post (blog) Quote of the day, via @JimPethokoukis: "'If a generous sovereign from Mars came down and paid off every penny of Greece's debt tomorrow, the fundamentals of the European crisis would not be altered,' said former White House economic adviser Lawrence ... See all stories on this topic » | ||
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| German President Wulff addresses Verdi congress and thanks the unions World Socialist Web Site “A collapse of the euro zone would be a disaster for the German export business,” he warned. He also called for austerity policies in Britain, Ireland, Portugal and Greece to be reconfigured so that they did not strangle the economy. ... See all stories on this topic » | ||
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| Spanish parliament dissolved ahead of November election Monsters and Critics.com There has been concern that it might follow Greece, Ireland and Portugal in being bailed out by theEuropean Union and the International Monetary Fund. The government will not adopt 'significant' new economic measures ahead of the elections, ... See all stories on this topic » | ||
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| Germany KOs bid to raise euro rescue guarantees Bangkok Post But as he made his pledge, a pessimistic eurozone was making plans to expand a stabilisation war chest -- the European Financial Stability Facility (EFSF) -- that would throw up financial firewalls in the event of a crisis. "We are thinking about the ... See all stories on this topic » | ||
| Dow Up More Than 270 Points On Europe Hopes KMBC Kansas City ... as jittery investors hoped that Europe's debt crisis was headed on the right path. Investors are hoping to hear some good news about Greek and European debt woes as eurozone countries continue to vote on expanding the European Financial Stability ... See all stories on this topic » | ||
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| Greek toast Victorville Daily Press Getting past the current crisis matters for a US recovery still stuck in neutral. Europe is a huge trading partner and financial hub. A recession there would hurt here. The still-fragile US banking system remains vulnerable to problems with European ... See all stories on this topic » |
| Euro crisis 'scaring the world' - The Irish Times - Mon, Sep 26, 2011 "So they are going through a financial crisis that is scaring the world and they are trying to ...Meanwhile Euro zone officials were tonight working on ways to magnify the ... Europe came under fierce pressure from the United States and other major ... in decision-making on financial assistance to Greece, Ireland and Portugal. ... www.irishtimes.com/newspaper/breaking/.../breaking1.html 
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