EUROZONE Debt Crisis News, Sep 01, 2011

Euro crisis requires market solution Financial Times Nevertheless this debt, where issued pragmatically ought to attract only a modest interest rate penalty to the core prudent euro yield curve. The benefits of this type of eurozone government debtslicing would be significant. Consistent demand for the ... See all stories on this topic »

Baltic Container Rebound Dulls Hamburg's Euro-Zone Pain: Freight Markets Bloomberg While Europe's sovereign debt crisis has prompted bailouts for Greece, Ireland and Portugal, together with concern that Italy and Spain will also need rescuing and a slowdown in core euro-zoneeconomies, most Baltic economies are still rebounding. ... See all stories on this topic »

Both Inflation and Joblessness Hold Steady in the Euro Zone New York Times By BLOOMBERG NEWS Euro area inflation was unchanged in August and unemployment held steady for a second month in July as economic growth in the region slowed amid a persistent sovereign debt crisis, fresh data showed on Wednesday. ... See all stories on this topic »

Germany opens a window of opportunity Business Spectator Paradoxically, the slowing down of the German economy could be a blessing for the euro – and a boost to the probability that the euro survives the crisis. Until a few weeks ago, the eurozoneeconomies seemed to be moving in different directions. ... See all stories on this topic »

31/08/2011Belgian minister scolds Germany over euro debt crisis Expatica Germany A Belgian minister lambasted Germany's handling of the eurozone debt crisis, accusing Berlin of lacking solidarity while telling, along with its ally Paris, other Europeans what to do. Olivier Chastel, European affairs minister, told Le Soir newspaper ... See all stories on this topic »

Give Rich Eurozone Countries Their Own Currency, Let The Broke Ones Keep The Euro Business Insider German business leader Hans-Olaf Henkel offers a Solomonic solution for Europe'sterrifying debt crisis—cleave the Euro in two. Henkel's plan would create a new currency for the northern eurozone countries that aren't buckling under massive debt – the ... See all stories on this topic » Business Insider

Joint Eurobond ETF Fallout NASDAQ A move to issue joint eurobonds may prove costly for Germany, but would certainly put to rest any speculation that the sovereign debt crisis could end the euro. As of now, FXE is still susceptible to the news concerning Europe’s sovereign debt ... See all stories on this topic »

Germany's Resiliency Buoys Europe Wall Street Journal The German news offered a ray of optimism for the rest of Europe as it struggles to overcome its debt crisis. A downturn in Germany, which accounts for about a third of the euro-zone's economy, would likely worsen the malaise in the Continent's ... See all stories on this topic » Wall Street Journal

Eurobonds Are the Inevitable Fix for Europe's Debt Crisis: Kleintop Yahoo! Finance (blog) With Jackson Hole and then Hurricane Irene overtaking our uninterrupted attention, it feels like a weird sort of reunion to suddenly be talking about the euro debt crisis again. And Kleintop says September could be a key month for European resolution. ... See all stories on this topic »

Europe Stocks Rally Wednesday; Deutsche Telekom Sinks Wall Street Journal The index still slumped 10% in August amid worries over a double-dip recession and euro-zonefinances. Efforts by euro-zone politicians on Wednesday to reassure investors about the sovereign-debt crisis also supported share prices. ... See all stories on this topic »

Portuguese PM urges quick passage of rescue fund changes Expatica Spain Portugal's prime minister Wednesday urged eurozone nations to quickly approve changes to the region's rescue fund to boost market confidence in Europe's ability to tackle its debt crisis. European leaders at a summit on July 21 approved a new bailout ... See all stories on this topic »

GLOBAL MARKETS: European Stocks Up; Political Progress Eyed Wall Street Journal By Toby Anderson & Michele Maatouk Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European stocks rose Wednesday amid raised hopes euro-zone politicians may be taking steps to reassure the markets that the sovereign-debt crisis is under control. ... See all stories on this topic »

FOREX-Swiss franc rises vs euro, dollar Reuters By Nia Williams LONDON, Aug 31 (Reuters) - The euro and dollar both fell against the safe haven Swiss franc on Wednesday after events in Italy reignited concerns about the euro zone's debt crisisas the prospect of more US monetary stimulus weighed on ... See all stories on this topic »

A theory of (euro)improbabilities Cause and Effect in European Politics and Economy Similar opinion was expressed also by EU Commissioner for Economic and Monetary Affairs Olli Rehn: “… There are currently rather high expectations on how eurobonds could help solve the debt crisis by pooling the debt issuance of euro-area member ... See all stories on this topic » Cause and Effect in European Politics and Economy

MORE ON THE STORY RT EU politicians must be honest with their own electorates if they are to efficiently tackle the ongoingdebt crisis in the region, says columnist Francesco Sisci. The President of the European Central Bank has defended Europe's bailout-driven survival ... See all stories on this topic »

Investors dump equities in August meltdown Economic Times The month also saw the credit downgrading of the United States and the euro zone debt crisiscontinuing. "While we had been expecting a 'soft patch' in terms of economic data during the summer months, the weakness evident in many macroeconomic releases ... See all stories on this topic »

Euribor 3-month rates edge up on economy concerns Reuters A worsening euro zone debt crisis and fears a recession is looming have seen money markets freeze up and prompted banks to stock up on limit-free ECB funding, pushing liquidity back to exceptionally high levels. . The three-month Euribor rate ... See all stories on this topic »

Kyiv's statements and declarations vs. reality The Day Weekly Digest In fact, all the decisions the EU makes depend on the Franco-German powerhouse ofEurope. What is Paris's vision of the way out of the current debt and currency crisisthat has hit the euro zone? How is France assessing the ongoing events in Ukraine ... See all stories on this topic » The Day Weekly Digest

The EU is going back to the debate about economic growth Cause and Effect in European Politics and Economy The debt crisis in the euro area though, hampers economic growth and the possibilities for the creation of new jobs. This is why during the forthcoming political season the EU will have to invest more in solving this problem in order to clear the way... See all stories on this topic » Cause and Effect in European Politics and Economy

Forex - Good morning Emerging Europe/Africa FXMarketAlerts.com China: Chinese Premier Wen Jiabao says that global economy is still fragile and sovereign debt crisis in US and Europe cannot be resolved in the short term. Yuan appreciation adds pressure on Chinese business and soft global demand is hurting Chinese ... See all stories on this topic »

Le Pen says she's 'left of Obama', rebrands self Gulf Times For the upcoming election Le Pen said she plans to focus her attacks on Sarkozy's economic policy, homing in on joblessness, buying power and the euro zone debt crisis. “He has managed to convince part of the population that he is protecting them from ... See all stories on this topic » Gulf Times

Czech leader brands Eurozone a straitjacket RT Speaking at an economic summit in Austria, the president blamed the EU's financial crisis on “the enormous heterogeneity of countries finding themselves in the straitjacket of a common currency." The Czech Prime Minister, Petr Necas, also questioned ... See all stories on this topic »

August sell-off the worst since 2008 Financial Times Many are now asking whether the recent recovery is durable and if it will lead to a resurgence of debt and equity sales. Bankers and analysts argue that despite continuing concerns over the eurozone'ssovereign debt crisis, the necessary fiscal ... See all stories on this topic »

Merkel lends party a hand in regional poll contest AsiaOne The euro is a stable currency," she told an election meeting here Monday. "The current crisis we are going through in the eurozone isn't a crisis of the euro. It's adebt crisis," she said, pointing the finger at profligate neighbours. ... See all stories on this topic » AsiaOne

August Was Horrendous for Stocks, Roll on September CNBC.com Having questioned whether a euro bond was needed earlier in the month, I began to question whether Angela Merkel needed a "Lehman moment" in order to sell a viable long-term solution to the euro zone debt crisis. But as we close out the month we appear ... See all stories on this topic » CNBC.com

Nouriel Roubini: “We're Going into a Recession” Wall Street Pit By editor Aug 31, 2011, 4:29 PM Author's Website Nouriel Roubini spoke to Bloomberg TV's Margaret Brennan today, giving his latest forecast for the US economy, the European debt crisis and economic challenges in China. Roubini told Bberg TV, ... See all stories on this topic »

Greek Banks Can 'Withstand' Crisis Wall Street Journal ... of the 25 largest lenders in the euro zone. Greece's government and central bank have been urging consolidation in the banking sector as a way to get through the country's debt crisis, which has led to rising bad loans and a shortage of liquidity. ... See all stories on this topic »

US Dollar Outlook Hinges on ISM and Jobs Data, Euro Crisis News Flow DailyFX Elsewhere, the Euro Zone debt crisis remains an important consideration. Indeed, Greece seems to have reclaimed the dubious honor of being the sore spot du jour as Finland threatens to withdraw support for the Mediterranean nation's second bailout ... See all stories on this topic »

The European Union: Going the Way of the Titanic? Canada Free Press Late July saw an emergency meeting of the seventeen leaders of the euro zone countries and the other members of the European Union. A number of decisions were made there in an attempt to cope with the Greek crisis (approval for a second financial aid ... See all stories on this topic »

Czech PM rejects transaction tax Reuters An intention to introduce a Europe-wide transaction tax has been agreed by Germany and France, looking to shore up their budgets in the face of euro zone's debt crisis. Necas told a news conference that such a tax would hurt clients via higher banking ... See all stories on this topic »

'The Euro Can't Survive in Its Current Form' Spiegel Online Voth: It depends on how the EU wants to solve the crisis. If it wants to become anything more than just a transfer union, some countries need to leave the euro zone. Both are technically feasible. SPIEGEL: Which country should give up the euro and ... See all stories on this topic » Spiegel Online

Buffett Is Buying Banks? Five Burning Questions Wall Street Journal Lesser known is shadow banking, derivative and counter-party exposure. And that is just Europe. Here, stress tests have looked at the possibility of a second recession but not a government-debt crisis. Some economists, including Mr. Johnson, ... See all stories on this topic »

SG, UniCredit, Nokia deleted from top STOXX index Reuters Africa SocGen, France's second largest bank, lost 32.7 percent in value last month, its biggest monthly fall since October 1998, on concerns over its exposure to the euro zone sovereign debt crisis. Italian banks were also weighed by worries that the ... See all stories on this topic »

Barchart Morning Call Inside Futures Credit default swaps to insure European government debt fell to their lowest level in 2-weeks after German Chancellor Merkel's Cabinet ratified an expansion of the European Financial Stability Facility (EFSF) to help tackle the Euro-Zone debt crisis. ... See all stories on this topic »

Business, consumer views darken in Europe BusinessWeek Germany, the eurozone's biggest economy, reported the largest drop, and it alone remains above the 1990-2011 average. The Netherlands and Austria, two other countries that have not been drawn into the debt crisis, also saw a significant fall. ... See all stories on this topic »

U.S. money managers cut stocks in volatile August: Reuters poll Reuters Fears that the United States could slip back into recession and the euro zone debt crisis also helped spur the equity sell-off, though a low forward price-to-earnings ratio of about 11.2 at month's end made stocks enticing. "The markets are sorting ... See all stories on this topic »

Fed minutes give some hope after despair FX-MM Against the backdrop of a deepening sovereign debt crisis, the euro has actually managed a small gain against the greenback this month. Also illuminating has been the dollar's ability to largely ignore the debt ceiling debacle, the S&P sovereign debt ... See all stories on this topic »

Europe funds flee equities, embrace cash Economic Times "Due to the ongoing turbulences following the sovereign debt crisis and a negative outlook on the economy, we decided to reduce the equity portion to zero." Deka's portfolio allocation allows equity holdings to fluctuate between 0 and 60 per cent. ... See all stories on this topic »

Rome Needs a Holiday From Politics Wall Street Journal Italy escaped the sovereign storm in 2010 because unlike Greece, Ireland, Portugal and Spain, it didn't overspend in the crisis, its banking system is sound, and householddebt is low. As a result, the latest austerity package totals just 2.9% of gross ... See all stories on this topic » Wall Street Journal

No longer a safe haven European Voice Many of the banks that issued mortgages to eastern European borrowers in francs are based in theeurozone. Analysts are predicting that a wave of defaults will only exacerbate the area's bankingcrisis. See all stories on this topic »

CORRECTED-More Italian growth-boosting measures needed - EU Reuters The government hastily drafted measures to bring forward a balance budget target to 2013 earlier this month, in exchange for support from the European Central Bank as Italy risked being sucked into theeuro zone's debt crisis. ... See all stories on this topic »

MENA region faces an old-new crisis: Barclays Ahram Online Economic and political developments in the US and the euro zone are weighing on investor appetite and jeopardising global growth which could have a long-term effect on the Middle East and North Africa region, claims research from an international bank. ... See all stories on this topic »

Collateral fees may end Greek row - Austrian finmin Reuters UK Fekter said she was not worried that the ECB or national central banks in the euro zone needed to recapitalise given purchases of debt from ailing euro zone members. "I believe the ECB and the (member states') national banks have been rather careful ... See all stories on this topic »

Daily Market Outlook FXstreet.com Dollar swiss tumbled from Australian high at 0.8209 to as low as 0.7994 in NY morning on continued worries about the eurozone debt crisis and cross buying of franc (eur/chf tumbled from 1.1852 to 1.1527). However, the comments from the Economy minister ... See all stories on this topic »

Belgian minister scolds Germany over euro debt crisis < Belgian news ... of lacking solidari... < Belgian news | Expatica Belgium. ... A Belgian minister lambasted Germany's handling of the eurozone debt crisis, accusing Berlin of lacking solidarity while telling, along with its ally Paris, other Europeans what to do. ... Expatica - Belgian Local Headlines

Joint Eurobond ETF Fallout By Ugo Egbunike The EU's plan to issue bonds jointly by eurozone members is good news for some ETF investors and possibly bad news for others. ... According to Bloomberg, European Union regulators hope jointly issued bonds will finally quell the sovereign debt crisis that has plagued the continent since early last year. Details have yet to be worked out, but a joint eurobond offering would essentially spread debt obligations and liabilities among all the eurozone's member states. The idea is that a ... Analyst Blogs

US Dollar Outlook Hinges on ISM and Jobs Data, Euro Crisis News ... Elsewhere, the Euro Zone debt crisis remains an important consideration. Indeed, Greece seems to have reclaimed the dubious honor of being the sore spot du jour as Finland threatens to withdraw support for the Mediterranean nation's ... XE Forex News

Fitch warned the euro zone to begin planning for self-help program ... By admin Frequently lowered credit rating, the rating agencies, debt crisis, the EU remains on high alert. Rating of “Big Three”, one of Fitch said on Tuesday as financial market volatility may still further, theeuro zone countries, sovereign credit ratings ... Finance online - Financial Advice|Fin...

NewsDaily: Merkel backs euro fund boost, faces revolt risk By Sarah Marsh and Noah Barkin Faltering economic growth in the 17-nation euro zone risks prolonging the debt crisis, which began nearly two years ago and has spread from peripheral states such as Greece, Portugal and Ireland -- all of which have received bailouts -- to ... NewsDaily: Top Headlines

euro zone debt crisis - Emerging Europe Real Time - WSJ WSJ's Emerging Europe Real Time blog has the latest news and analysis on politics and current ...euro zone debt crisis - All posts tagged euro zone debt crisis ... blogs.wsj.com/emergingeurope/tag/euro-zone-debt-crisis/

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