Today: EUROZONE Crisis News, Sep 28, 2011

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Sep 28, 2011

EUROZONE Crisis News, Sep 28, 2011


Top EU official presses for more unity
USA Today
Fears the eurozone's third and fourth largest economy may get sucked into Europe'sdebt crisis had stoked fears they would lose access to market funding and be forced into requesting bailouts, like Greece, Ireland and Portugal already have. ...
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USA Today
Euro zone crisis cements BRICS of new world order
Russia & India Report
They also said they are considering providing money to the IMF or other global financial bodies to increase their capacity for combating financial crises. Keenly tracking theeuro zone crisis, the emerging economies fear that the festering stagnation ...
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Russia & India Report
VIDEO: European Parliament
BBC News
He took questions from MEPs on 27 September 2011 as the single currency area struggles with a deep financial crisis, particularly surrounding the Greek economy and questions over its ability to repay its debts. The Eurogroup represents the 17 EU ...
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BBC News
Eurozone crisis 'very serious' – Fenech
Times of Malta
The European Financial Stability Facility is being used to bail out Greece, Portugal and Irelandbut it will not be able to cover the exposures of much larger economies like Spain and Italy if they go under. Analysts have argued for a much larger fund. ...
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Financial glossary: D-H
BBC News
EFSM The European Financial Stability Mechanism is 60bn euros of money pledged by the member governments of the European Union, including 7.5bn euros pledged by the UK. The EFSM has been used to loan money to the Irish Republic andPortugal. ...
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BBC News
Germany: Grappling with the Euro, and with Its Own Complicated History
TIME
(See 25 people to blame for the financial crisis.) Now as then, Germany is at the epicenter. "Theeuro is much, much more than a currency. The euro is the guarantee of a united Europe. If theeuro fails, then Europe fails," Chancellor Angela Merkel ...
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FX round-up: Euro advances on Europe hopes
ShareCast
LONDON (SHARECAST) - The euro perked up against the dollar on Tuesday on growing confidence that euro zone officials are hatching plans to tackle the debt crisis. Market onlookers are now widely expecting officials to unveil an enhanced bailout package ...
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A New Reading Of The Crisis And The Dilemmas Of Economic Policy - Analysis
Eurasia Review
In Europe there is also sharp clash between the German explanation of the euro crisis–pointing to a lack of discipline and productivity in the countries of the south– and the rest of the EU, which insists that only an overhaul of euro-zone governance ...
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Eurasia Review
Greek crisis requires 'quantum leap' solution
RT
But Overtveldt also says it is simply too late for the Eurozone and that contagion among its members is now inevitable: “The situation in Portugal and Ireland is well-known; Portugal is I think in worse shape than Ireland, but the big question is what ...
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Slovakia's EFSF Opponents Reject Compromise To Unblock Rescue
Wall Street Journal
Slovakia now seems to be the last roadblock to the EFSF's approval, on which Europe's hopes to stem the euro credit crisis hinge. The Greek bailout is to prevent contagion across the 17-membereuro currency union. SaS advocates putting Greece into a ...
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Greece says bailout loans will arrive in time to avoid default
CanadianBusiness.com
Merkel and Greek Prime Minister Georgios Papandreou spoke at the conference about their economic policy and the financial crisis. (AP Photo/Markus Schreiber) BERLIN - Greece will receive its next batch of bailout loans in time to avoid a disastrous ...
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Aussie dollar to test new lows: RBS
Sydney Morning Herald
Eighteen months of crisis-fighting in the euro-area; 256 billion euros ($350 billion) in loans forGreece, Ireland and Portugal; and bond purchases by the European Central Bank have failed to stabilize markets and stop the debt crisis spreading. ...
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More banking reform planned
Oman Daily Observer
Banking reform has been a key element in Spain's effort to gain market credibility during a euro zone debt crisis that has pushed Greece, Ireland and Portugal into accepting bailouts. "We believe that what we have to do is clarify the value of the ...
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Anatomy of a Credit Contagion
Money Morning Australia
Instead, the depression has deepened and Greece has just dug itself in deeper. This ensures the eventual day of reckoning will be that much worse when it arrives. The whole euro-debt crisis has become a farce. Each day the market reacts to rumours ...
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Saudi riyal-dollar peg: Economists sound a note of caution
Arab News
Financial markets declined in recent weeks as investors grew increasingly unnerved by the ability of euro zone leaders to solve the debt crisis that has engulfed Greece,Portugal and Ireland and now threatens Italy and Spain. ...
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Arab News
Western European external disk storage systems revenues grew 6% in Q2: IDC
Computer Business Review
The burden of the sovereign debt crisis has affected the PIGS markets (Portugal, Ireland, Greece, and Spain) as these economies depend greatly on the public sector and a few larger enterprises, IDC said.
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Stock Market News for September 27, 2011
Zacks.com
The European Investment bank is owned by the member states of the European Union. Investors also pinned their hopes on a quick resolution to the Greek debt crisis and Europe’s financialturmoil as euro-zone members continue to back an expansion of ...
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GLOBAL MARKETS-Rally in stocks, euro fades as debt crisis drags
Reuters
There is also concern that, while Europe's rescue vehicle has been able to cope with bailing outGreece, Portugal and Ireland, its resources would be overwhelmed if a bigger nation such as Italy or Spain were to need help. The euro eased 0.1 percent to ...
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Patten wants immigration rethink
Austrian Independent
The Eurozone – the 17 European Union (EU) member countries which use the Euro as their currency – are experiencing a serious crisis these days due to the economic struggles of Portugal, Spain, Italy, Ireland and, in particular Greece. ...
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Juncker admits EU crisis response was too slow
euronews
I attribute this to the severity of the crisis, I attribute this to a lack of early analysis.Greece, Ireland and Portugal do not have that problems they have because they are members of the euro zone. The people who are unemployed in Greece and the ...
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euronews
Parliament Expands Guarantees for EFSF to EUR 3.66BN
STA - Slovenska Tiskovna Agencija (subscription)
The European Commission welcomed the move as a key step towards the implementation of the July agreement which is deems a decisive element in the comprehensive response to the crisis in the eurozone. Spokesman for the European Economic and Monetary ...
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UK Bank Bailout 2 - what's the credit limit, Mr. Osborne?
The Birmingham Post (blog)
What about €45billion in dodgy European sovereign debt held by UK Banks? I pointed out here the facts as to how much, according to the EBA, the UK banks were into sovereign debt in Greece,Ireland, Portugal, Spain and Italy. Barclays has a staggering ...
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Lagarde sets her own style with hard truths
Saudi Gazette
In a swift one-two punch, she confronted both European bankers and the region's political leaders, demanding more aggressive action to prevent the euro-zone debt crisis from spilling beyondGreece, Portugal and Ireland. She declared publicly that ...
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Greece heading for crucial loan as markets rally
Atlanta Journal Constitution
"If people feel only punishment and scorn, this crisis will not become an opportunity — it will become a lost cause," he told representatives of Germany's leading industries. He added that Europe needs to prove it can get its act together. ...
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Atlanta Journal Constitution
Top EU official urges more integration | The Associated Press ...
By The Associated Press
Fears the eurozone's third and fourth largest economy may get sucked into Europe's debt crisis had stoked fears they would lose access to market funding and be forced into requesting bailouts, likeGreeceIreland and Portugal already have. ...
Examiner AP RSS
IMF needs too much money to rescue eurozone | Set You Free News
By Mario A.
IMF Managing Director Christine Lagarde stated that the IMF may need hundreds of billions of dollars to solve this question in case the European crisis aggravates. The announcement from ... Dmitry Nazarov, the chief analyst of the department for the analysis of debt markets of UFS Investment Company, believes that Greece is not the most important factor of danger for the Eurozone at present moment. ... GreecePortugal and Ireland received the total of 286 billion euros. The share of ...
Set You Free News

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