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Sep 5, 2011

EUROZONE Debt Crisis News, Sep 05, 2011


Europe faces week of challenges in debt crisis
Reuters
But this week's events may underline how vulnerable those attempts are to worsening political currents in the euro zone, and how far the 17-nation bloc remains from finding a lasting solution to the debt crisis. On Wednesday morning, Germany's Federal ...
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Reuters
Europe Stocks Seen Lower; Euro Debt Crisis in Focus
CNBC.com
The losses follow heavy losses on Wall Street on Friday and in Asia overnight amid fears over the health of the US economy and the euro zone debt crisis. Over the weekend a meeting of politicians, economists and business leaders on Lake Como outside of ...
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CNBC.com
FOREX-Euro, Aussie dollar struggle on euro zone debt fears
Reuters
... euro zone debt problems and weak US payrolls data hit appetite for riskier assets. Data last Friday showed US employment growth ground to a halt in August, while the European debt crisiscontinued to fester with Greece and its international lenders ...
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Debt crisis: as it happened - September 2, 2011
Telegraph.co.uk
18.23 Looking at the Euro Stoxx 50 (down 3.7pc today) of Europe's 50 biggest stocks, financials have led the fallers, followed by industrials. Banks have taken a beating throughout much of this crisis. Italian and Spanish 10-year bond yields have ...
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Telegraph.co.uk
EU Commission President denies Europe sliding into recession
Reuters
CANBERRA, Sept 5 (Reuters) - European Commission President Jose Manuel Barroso on Monday said he still expected modest growth in Europe and did not anticipate a recession in Europe. Concerns the euro zone debt crisis could spread to Italy and Spain ...
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Euro Zone Must Strengthen Governance, Says JP Morgan Chief Frenkel
Wall Street Journal
By SABRINA COHEN CERNOBBIO, Italy—JP Morgan Chase International Chairman Jacob Frenkel said he expected the euro to survive the debt crisis sweeping Europe but warned that the euro zone needs to strengthen its governance in order to ease market ...
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Asian Stocks Fall on US Growth Fears
CNBC.com
Asian stocks fell as fears of renewed recession in the United States and sustained worries about theeuro zone debt crisis prompted investors to sell riskier assets. US jobs data on Friday showed employment growth stalled last month, while Europe faces ...
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a struggle for economic unity
Washington Post
The debt crisis rocking Rome, Madrid and Athens has plunged the region into a heated debate over a historic step that could see the advent of the euro zone's equivalent of US Treasurys — a bond jointly backed by the taxpayers of all 17 nations that ...
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Barroso expects euro-zone growth
Irish Times
European Commission president Jose Manuel Barroso today said he still expects modest growth in Europe and does not anticipate a recession in Europe. Concerns the euro-zone debt crisis could spread to Italy and Spain have kept investors jittery,...
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Irish Times
Pan-euro debt proposal piques investors
Pensions & Investments
Eurozone bonds would help solve the European debt crisis in a number of ways. Primarily, they would lower the debt costs of peripheral European countries, enabling them to more easily repay their debts. “It's a way to help countries and restore ...
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'We Need Fiscal Union': EU Commissioner Almunia
CNBC.com
As the debt crisis in the euro A common theme of the gathering of political and business leaders was frustration at the lack of leadership from individual European countries. "There is a lack of strong political leadership in Europe," Mario Monti, ...
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Aussie, New Zealand Dollars Decline on Merkel Loss, Tightening Bank Credit
Bloomberg
By Candice Zachariahs and Mariko Ishikawa - Mon Sep 05 04:49:46 GMT 2011 The Australian and New Zealand currencies dropped to the lowest level in a week against the dollar and the yen amid concerns Europe's debt crisis is damaging public support for ...
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Indian shares to open lower on weak Asian, US cues
Reuters
MUMBAI, Sept 5 (Reuters) - Indian shares are set to start lower on Monday, tracking weak Asian peers after renewed fears of recession in the United States and sustained worries about the euro zone debt crisis prompted investors to sell riskier assets. ...
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Athens rejects talk of rift with EU and IMF
Irish Times
THE GREEK minister for finance has dismissed reports about a breach in the nation's relations with its international lenders and said his country was accelerating structural reforms to exit its debt crisis. “We have the voted measures which should be ...
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Irish Times
Middle East banks are in much better shape than those in the US and Europe
The National
But the trouble is most pronounced in Europe, where a sovereign debt crisiscontinues to rattle policymakers and global markets. "Almost every bank [in Europe] will be under-capitalised when faced with a raft of sovereign debt restructurings," says...
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The National
Van Rompuy takes lead in eurozone crisis stunt
EurActiv
... to reduce its €340 billion debt. After arriving in Australia, Barroso insisted that eurozonepolicymakers were doing everything possible to resolve the crisis. "I want to be clear here. TheEuropean Union and the euro are strong and resilient. ...
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The non-scenic route to the place we're going anyway
PakistanToday.com.pk
That's because they are in essence the same crisis. The outstanding features of this crisis are debt, political failure, and the structural brokenness of the global banking system. All three are linked; in a sense, all three are the same phenomenon. ...
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PRESS DIGEST - Wall Street Journal - Sept 5
Reuters
JP Morgan Chase International Chairman Jacob Frenkel said he expected the euro to survive thedebt crisis sweeping Europe, but warned that the euro zone needs to strengthen its governance in order to ease market concerns over the bloc's future. ...
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Barry Norris warns over banking 'bottomless pit'
FT Adviser
The manager's strong performance comes after he adopted a bearish stance in March, going into the severe August corrections in European equities, which were fuelled by global growth concerns and the worsening eurozone debt crisis, with a defensive ...
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China monitors euro zone woes
Irish Times
Beijing has regularly expressed its support for debt-laden European countries, which are major buyers of Chinese exports, but there is a sense that patience is wearing thin about Europe'sscattergun response to the crisis. The euro zone is China's ...
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IMF urges return to economic stimulus
The National
"For all the US's problems it is apparent that these are now being eclipsed by those of the euro zone, where Greece is still facing the prospect of a disorderly default, Italy is fast opening up as the new flank of the sovereign debt crisis, ...
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The National
Policies hindering economies
Malaysia Star
In Europe, the situation is even more complicated and probably deeper, as the region has moved into the zone of sovereign debt crisis, with contagion spreading to more countries in the Euro-zone. The chosen policy model of getting the worst-affected ...
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Germany's major role
The Slovak Spectator
The Slovak Spectator (TSS): EU leaders are searching for ways to calm the markets and resolve theeurozone sovereign debt crisis. What role is Germany playing in this process? Axel Hartmann (AH): Germany endeavours together with its European partners ...
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Thinking the unthinkable: the break-up of the Union?
Malta Independent Online
The crisis that hit the global banking system three years ago still exercises its baleful effects. It is evident in the United States and it is most obvious in the eurozone countries where, following acrisis which has been running intensely since May ...
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International markets roundup
Sydney Morning Herald
LONDON - European stock markets slumped badly, hit by the double whammy of a much worse-than-expected US jobs report and fresh concerns over a eurozone debt crisis which refuses to go away. In London, the FTSE 100 index of leading companies closed down ...
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The threat of a recession grew stronger
FXstreet.com
The Australian and New Zealand dollars declined amid concerns Europe's debt crisis is damaging public support for German Chancellor Angela Merkel's party and making it harder for banks to borrow among themselves.
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European Session: Orders and Options Watch
Action Forex
EUR: The single currency opened lower on concerns over Greek bailout package and warning from Wolfgang Muchau that worst of eurozone debt crisis is yet to come. Stops below 1.4180 and 1.4150 were triggered and euro slipped to an intra-day low of 1.4137 ...
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GLOBAL MARKETS-Stocks, euro slide on recession worries
Forex Pros
... World stocks fell to a one-week low on Monday and the euro hit a three-week trough against the dollar as investors worried the US jobs market may be beyond easy repair and Europe faced a series of risks that would reignite its debt crisis. ...
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METALS-Copper slides on weak US, China data
Reuters Africa
... and sustained worries about the euro zone's debt crisis have prompted investors to sell riskier assets. Investors are watching a string of political and legal tests this week that could hurt Europe'sefforts to resolve its sovereign debt crisis and ...
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New budget law is naked class politics
Morning Star Online
The legislation, coming amid the continuing sovereign debt crisis in Europe, has been described by critics as a "neoliberal coup d'etat," a "kidnapping of the popular will" and an attack on the country's sovereignty. ...
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Irish plan for emerald-green shoots
Fundweb
The European debt crisis has moved rapidly from the specific to the general. It is no longer just a question of solvency for one or more of the peripherals, but rather about the survival of the euro project itself. Europe has to prevent a liquidity ...
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Fundweb
Asian Markets Gloomy on US Jobs Data
New York Times
Adding to investor jitters were fresh worries about the euro zone's ability to cohesively respond to itsdebt crisis, after talks between Greece and its foreign creditors were put on hold Friday and the head of the European Central Bank, Jean-Claude ...
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Czech Republic - Factors To Watch on Sept 5
Reuters
CEE MARKETS: Central European currencies extended losses on Friday after weak US non-farm payroll data, with investors backing away from riskier assets also due to renewed concerns over theeuro zone's growth prospects and debt crisis. ...
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Fundamental Precious Metals (2011-09-05)
IBTimes Canada
In Europe, the Italian Prime Minister Silvio Berlusconi seeks parliamentary support in order to apply 45 billion euros austerity package, to prevent the debt crisis from expanding within the Italian economy; however, a general strike is expected ...
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Tech Giants Hope for Better Second Half in Europe
CNBC.com
But they have struggled in the first half of 2011 and seen much weaker demand than expected as consumers became increasingly unsettled by the euro zone debt crisisand spent cautiously. The drop in sales in the first six months of 2011 was also ...
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CNBC.com
'Financial reform can end recession'
Press TV
That does means that the situation we're in now is the continuation of the financialcrisis in 2007 and 2008. That's where the debt and the deficit have come from. It's simply untrue to say that the Welfare State is wildly generous. ...
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Press TV
Analysis: Italy's Berlusconi pressured over austerity mess
Reuters
Berlusconi's government has long boasted of keeping Italy out of the financial crisis, despite having one of the world's highest public debt levels at 120 percent of gross domestic product and one of its most sluggish growth rates. ...
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Reuters
Light at the End of the Tunnel?
Credit Writedowns
As such, within Europe also lies the potential source a Lehman like shock should thecrisis prompt a rapid and violent default of one or more sovereigns and/or financial institutions. Certainly, euro area banks are feeling the pinch as USD funding is ...
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Credit Writedowns
The big questions China still has to answer according to World Bank chief Zoellick
MercoPress
That makes sense to a degree: decisions on deficits, debt and the Euro zone this autumn may well determine whether the global economy slides deeper into danger, or begins the long climb back. But these policies are insufficient for sustained growth: we...
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MercoPress
The Last Haven Standing
Liberty Maven
Japan, ironically, has been blessed that while its debt problems are severe, they've been severe for so long that markets are willing to take that as a sign of stability. And, aside from the public debtproblem, Japan does have fairly impressive ...
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EUR/CHF, EUR/USD Flows: Greece c'tral banker call on govt to speed up budget cuts
FXMarketAlerts.com
With the eurozone debt crisis set to go into yet another phase and the US Fed due to announce further accommodation, it is difficult to argue against CHF and it is moving higher once again. MB * 02 Sep 11: 15:41 GMT (LDN) - FX NOW! EUR/GBP, GBP/USD ...
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Bailout increases Greece's problems
Press TV
It's very difficult in a moment of crisis, without proper planning and proper discussion, to form a closer integration. The other option has to be a separation of the Eurozone. And what remains of the Euro are the countries that are truly convergent ...
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Press TV
Elusive sense of safety
PakistanToday.com.pk
September will probably be the decider as the euro project's existential crisis enters its endgame. With Italy having to finance 60 billion euros of debt, Germany scheduled to vote on the legality of the stability fund, regional banks getting caught in ...
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XE.com - Europe faces week of challenges in debt crisis
News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles. Europe faces week of challenges in debt crisis. Top Articles ... But this week's events may underline how vulnerable those attempts are to worsening political currents in the euro zone, and how far the 17-nation bloc remains from finding a lasting solution to the debt crisis. COURT RULING. On Wednesday morning, Germany's Federal Constitutional Court will deliver its ...
XE Forex News
Europe faces week of challenges in debt crisis
By The Huffington Post News Editors
But this week's events may underline how vulnerable those attempts are to worsening political currents in the euro zone, and how far the 17-nation bloc remains from finding a lasting solution to thedebt crisis. COURT RULING On Wednesday morning, Germany's ... Europe faces week of challenges in debt crisis. First Posted: 9/4/11 05:41 PM ET Updated: 9/5/11 03:30 AM ET. React. Inspiring Greedy Typical Scary Outrageous Amazing Innovative Infuriating. Read more. BusinessNews ...
The Full Feed from HuffingtonPost.com
Asia stocks, euro fall on U.S. growth gloom (Reuters) | News Bay
By News Bay
SINGAPORE (Reuters) – Asian stocks fell and the euro slipped to a three-week low against the dollar on Monday as fears of renewed recession in the United States and sustained worries about theeuro zone debt crisis prompted investors to sell riskier assets. European stocks were expected to drop too, with financial bookmakers calling the major indexes down more than 1 percent. (.L) (.EU) U.S.
News Bay
European shares to fall again : Ghana Business News
By emma
European shares were set for sharp losses on Monday after Asian stocks slid and the euro hit a three-week low against the dollar, as fears of a renewed U.S. recession and sustained worries about the euro zone debt crisis prompted investors to sell riskier assets. U.S. employment data on ...Europe, meanwhile, faces a string of political and legal tests this week that could hurt efforts to resolve its sovereign debt crisis and increase pressure on governments to try more radical solutions....
Ghana Business News
NewsDaily: Iceland says it was "bullied" over bank debt
"So, what is happening now is proving that if the issue had been handled sensibly here from the beginning, it would have been totally unnecessary to put the people of Iceland and our cooperation with Europe into this straightjacket," he said. " The EU ... 20, 2011 (Reuters) — Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls for the region to issue debt jointly. ...
NewsDaily: Top Headlines
Europe set to fall again as growth gloom hits stocks (Reuters) | Wall ...
By Yahoo! News: Stock Markets News
Reuters - European shares were set for sharp losses on Monday after Asian stocks slid and the eurohit a three-week low against the dollar, as fears of a renewed U.S. recession and sustained worries about the euro zone debt crisis prompted ...
Wall Street Financial News
EU officials believe that the debt crisis will subside in 2-3 years ...
Europe CEO Klaus Regling financial stability of institutions, said the euro zone debt crisis will subside within 2-3. according to the German. ... Stock market today news,Latest stock quotes,Stock market today news. Home · Stock Market Today ...
www.stockmarkettoday.cc/eu-officials-believe-that-the-debt-cr...

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