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Oct 13, 2011

EUROZONE Crisis News, Oct 13, 2011


Greek PM meets EU leader amid eurozone crisis
AFP
Europe was given a scare this week when Slovakia's parliament rejected an overhaul of the eurozone's main defence against the crisis, theEuropean Financial Stability Facility (EFSF). But the centre-right government struck a deal with the left-wing ...
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AFP
EU commission chief calls for stronger crisis measures
Deutsche Welle
During the EU summit at the end of July, member states came to an understanding on a new set of measures to combat the euro crisis. Yet even before all 17 eurozonestates have approved that package, Barroso has already admitted that those measures...
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German economy to slow sharply next year
AFP
The economy ministry has already warned in its monthly economic report that risks to growth have increased sharply due to the eurozone crisis. However, output this year will continue to be relatively robust, the institutes predicted, with growth of 2.9 ...
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AFP
At Center of Eurozone Crisis, One Woman and the Fight of Her Life
The Atlantic
By Heather Horn Perhaps the best way to understand the eurozone crisis, especially from a far-away place like the US, is to cut through the layers of economic explanations, coalition government definitions, andEuropean Union policy snarls to the ...
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The Atlantic
Slovak hopes of improved national reputation dashed by eurozone crisis
Deutsche Welle
Instead, her government has succumbed to the politics of the eurozone crisis. Slovakia's centre-right government has succumbed to the eurozone's sovereign debt crisis, losing a confidence vote tied to a bill on ratifying the European Financial ...
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PRECIOUS-Gold steady on euro zone optimism
Reuters Africa
SINGAPORE, Oct 13 (Reuters) - Gold prices held steady on Thursday, as optimism on resolving the euro zone crisis fueled risk appetite and underpinned sentiment in precious metals, after political parties in Slovakia agreed to back the expansion of the...
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Martin blames escalating EU crisis on lack of 'inclusive and active dialogue'
Irish Times
THE FAILURE of Europe's leaders to have “an inclusive and active dialogue” was at the heart of the escalation of the euro zone crisis in recent months, Fianna Fáil leader Micheál Martin claimed. He said detailed discussions between France and Germany ...
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Will the euro zone remain intact through the sovereign debt crisis?
Wall Street Journal
European governments are stepping up the battle to contain a crisis, as sovereign debt concerns that began two years ago with Athens now threaten Europe's largest economies. Some have said that debtor countries should be booted out of the euro zone. ...
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GLOBAL MARKETS-Asia shares rise on progress in euro zone rescue
Reuters
The sense is that things are beginning to be put in place, bondholder haircuts, bank recapitalisations and the EFSF l,,lexpansion," said a Singapore-based trader with an Asian bank referring to the two-year old euro zone debt crisis. ...
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A standby program for the eurozone
CNN (blog)
Unresolved, the crisis will spare no one. As for the birthplace of the euro crisis, Greece's debt will almost surely have to be restructured. But adequate funding structures for Italy and Spain must be in place before any resolution. ...
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BASE METALS: Copper Hits 2-Week High On EU Crisis Plan Hopes
Wall Street Journal
By Matt Day Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Copper futures climbed Wednesday as investors moved to growth-sensitive assets on hopes that the latest plan to stem the euro zone's debt crisis would stave off a credit crunch in the currency ...
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West Africa: Sanusi Warns West African Countries On Euro Zone Crisis
AllAfrica.com
The Governor of the Central Bank of Nigeria (CBN) Malam Sanusi Lamido Sanusi has urged the West African sub-region to be prepared for the likely consequences or spillovers of the Euro Zone crisis on their economies and financial system. ...
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Eurogroup Chairman Jean-Claude Juncker proposes 10 steps to stem euro zone crisis
Vancouver Sun
By Christiaan Hetzner and Erik Kirschbaum, Reuters October 12, 2011 Eurogroup Chairman Jean-Claude Juncker has proposed ten steps for solving the euro zone crisisincluding automatic sanctions for fiscally irresponsible governments, greater authority ...
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European debt crisis: Eurozone starts to get real on debt strategy
This is Money
But the European authorities are also struggling with valuation issues of the debt of the other periphery nations as well as Spain and Italy. There is a recognition that were the sovereign debt crisis to lap at the moat around the 'franc fort', ...
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This is Money
European shares hit by bank worries
AFP
LONDON — European stocks fell on Thursday, with the banking sector reeling on heightened fears over its exposure to the eurozone debt crisisand the potential impact of more recapitalisation. Investor sentiment was also hurt after the European Central ...
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AFP
South Africa can not help eurozone rescue: Report
Business Recorder
JOHANNESBURG: South Africa cannot contribute to a bailout fund as part of proposed support from major emerging economies to end the euro zone debt crisis, a report said Thursday. "I think you can't just have something which says this is something which ...
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Business Recorder
Capital demands could stifle economy, warns Deutsche
Reuters
Deutsche Bank declined to comment, but in separate remarks the bank's chief executive Josef Ackermann said it would do all it could to avoid a forced recapitalisation and added it had enough funds of its own to cope with a crisis. Euro zone leaders are...
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European debt crisis - live
The Guardian (blog)
8.41am: Oh, and here's a report from Athens by the Guardian's Helena Smith, who is wary of declaring the EU/Greek crisis over, especially as workers remain unhappy and willing to make life difficult for George Papandreou's struggling coalition. ...
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The Guardian (blog)
European debt crisis: EU isn't just killing economic growth, it's killing Africans
Daily Mail
By Alex Singleton As the EU continues to oppose the one think that will kick-start eurozone growth - the ejection of members from euro - it's worth remembering that its economic stupidity isn't just restricted to our continent. What the EU is imposing ...
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Daily Mail
Singapore Stocks-Up on euro zone debt hopes, property rebound
Reuters
Lawmakers in Slovakia struck a deal on Wednesday to ratify a plan to bolster the euro zone's rescue fund by Friday, effectively ending a crisis that had threatened the currency's main safety net. Slovakia is the only country in the 17-nation bloc left ...
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Secondary Sources: GOP Questions, Euro Zone Crisis, Distressed Housing
Wall Street Journal (blog)
–Euro Zone Crisis: Raghuram Rajan says fixing the euro zone crisis will be costly and the IMF may be able to help. “Indeed, the eurozone's problems might soon become too big for its members to address. The world has a stake in their resolution. ...
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EU debt crisis not just a eurozone issue: Sweden's Borg
MSN Philippines News
Europe's banking system is being hammered in the current crisis as eurozone leaders scramble to boost the European Financial Stability Facility (EFSF) to a 440-billion-euro lending capacity. Borg meanwhile insisted that to end the turmoil Europe will ...
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Nikkei climbs to 1-month high on euro zone hopes
Reuters
T), which were sold off as fears about the European debt crisis intensified, continued to extend this week's sharp gains on tentative signs of progress by the region's policymakers. "It appears that Europe will be able to prevent its debt crisis from ...
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No solution from G20 summit for EU debt crisis
RIA Novosti
The BRIC countries, which include Brazil, Russia, India and China, could offer help to the crisis-hit euro zone at the summit, Olga Butorina from Moscow State Institute of International Relations said. "It seems to be rather vague now, ...
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WSJ: European Stocks Rise On Optimism Over Euro-Zone Debt Plan
Wall Street Journal
By Ishaq Siddiqi European stock markets rose Wednesday, with financial shares leading the gains, on rising expectations that policy makers can work out a viable plan to stem the euro-zone debt crisis much sooner than previously thought. ...
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Euro crisis: MEPs demand harmonised actions and reforms
European Parliament (press release)
On the growth front, MEPs call for the introduction of project bonds to sustain investments and for a mechanism allowing the Commission to enforce EU market rules quickly. To tackle the crisis in the euro area, the Commission should report on the ...
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European Parliament (press release)
EU plans help push TSX higher
TheChronicleHerald.ca
Markets have been buffeted by strong headwinds since early August arising from worries that a worsening European debt crisis could derail a fragile global economic recovery. Indexes have plunged sharply as investors also worry that European banks...
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Strong miners, banks hoist Britain's FTSE higher
Reuters
Banks , beaten down this year on worries over exposure to the euro zone crisis, rallied, with Barclays the standout gainer in the sector, up 6.4 percent. Traders attributed Barclays' outperformance in part to a target price hike from Macquarie. ...
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Positive mood kicks shares higher
The Australian
THE share market closed higher, with investors displaying greater confidence the euro-zone was on track to resolve its debt crisis soon. The benchmark S&P/ASX200 index gained 40.2 points, or 0.96 per cent, at 4244.5 and the broader All Ordinaries index ...
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Gold prices held steady on Thursday on euro zone optimism | China ...
By CBN
Gold prices held steady on Thursday, as optimism on resolving the euro zone crisisfueled risk appetite and underpinned sentiment in precious metals, after political parties in Slovakia agreed to back the expansion of the bloc's rescue fund. FUNDAMENTALS. * Spot gold edged up 0.2 ... Tags: Gold analysis, Gold future prices, Gold futures, gold investment, Gold news, Gold price, Gold price forecast, gold prices, price of gold, Spot gold, Spot gold price. Posted by CBN on Oct 13 2011. ...
China business news
EUR/USD: Euro jumped on recapitalization plan, trading slightly ...
By GCI Financial
For the 24 hours to 23:00 GMT, EUR rose 1.04% against the USD and closed at 1.3789, after Eurogroup President, Jean-Claude Juncker proposed steps to resolve theeurozone crisis. In economic news, industrial production in the eurozone ...
GCI Forex News
European shares hit 9-wk top on robust data, Slovakia plans | World ...
By admin
LONDON: European shares hit a nine-week closing high on Wednesday after strongereuro zone economic data and news that Slovakia is set to sign off on a plan to expand the region's sovereign bailout fund helped spur demand for cyclical stocks. Better-than-expected ... “The under-positioning in financials plus continued rhetoric about a unifiedEuropean solution (to the debt crisis) makes people less happy to be short,” a trader at a U.S. investment bank said. Hopes of further action ...
World Equity Trade
Crisis to slow economy sharply next year - The Local
The eurozone debt crisis will have a major impact on Germany next year, the country's leading economic institutes said on Thursday, with Europe's top economy likely to only narrowly escape recession. ... The Local: Germany's news in English. Photo: Volvo ...A government-backed scheme to reduce employees' hours kept a lid on unemployment and Chancellor Angela Merkel poured billions of euros into the economy as a stimulus measure to keep the wheels turning. The positive ...
The Local - Germany's news in English
A 10-Step Plan To End The Eurozone Crisis
By Simone Foxman
And we give you a complete guide to what's going on right now in the eurozone. ... In an interview with German newspaper Handelsblatt (via Reuters), Eurogroup Chairman Jean-Claude Juncker proposed ten suggestions to save the euro. ...
Money Game
XE.com - GLOBAL MARKETS-Italian debt sale to test euro zone mood
Italy was set on Thursday to test fragile investor confidence in the euro zone's ability to heal its debt problems, with a sale of bonds, while weaker Chinese trade data acted as a reminder of broader economic problems. ... News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd ... Jose Manuel Barroso, president of the European Commission, outlined a broad plan on Wednesday to tackle the euro zone's two-year debt crisis, fuelling optimism. ...
XE Forex News
Greek PM meets EU leader amid eurozone crisis | www.bullfax.com
By marketmaker
Home - Bullfax.com - Market News, Analysis ... The European Union is delaying a summit by almost a week to October 23 to give leaders more time to polish their response to the eurozone debt crisis, the EU's president said on Monday. ...
Bullfax.com - Market News & Analysis
The Hindu : Business News : Asian stocks down as euro-zone crisis ...
The move sent markets south as worries intensified that a failure by Europe to contain its debt crisis could lead to a massive debt default by the Greek ...
www.thehindu.com/business/article2530512.ece
Euro zone crisis adds to risk for real estate investors | Europe | News
'The sovereign debt crisis in the euro zone has driven up banking risk and corporate risk, creating an environment characterized by high risk aversion, abundant ...
www.propertywire.com/.../europe-crisis-property-investors-20...
BBC News - Eurozone crisis: Merkel and Sarkozy 'agree key changes'
The leaders discussed how best to resolve the eurozone debt crisis ... Paris is believed to want to use the eurozone's bailout fund - the European Financial ...
www.bbc.co.uk/news/world-europe-15226953
At Center of Eurozone Crisis, One Woman and the Fight of Her Life
Because Germany is the keystone in the European arch at present -- how it responds to the growing eurozone financial crisis will determine much of the ...
www.theatlantic.com/international/archive/.../246478/
Merkel,Sarkozy promise to solve euro zone crisis
Sarkozy said he agreed with Merkel on working for a “durable” and “global solution” to the euro zone debt crisis. There will be more meetings, including the ...
www.firstpost.com/.../merkelsarkozy-promise-to-solve-euro-z...
Euro crisis spreads and puts the world economy at risk | World news ...
But with every passing day, the markets' expectations about the eurozone's ability to fix the crisis rise by another notch, and the price of failure increases. Few in ...
www.guardian.co.uk/world/.../g20-finance-ministers-euro-crisi...
euro zone crisis News Stories, Latest News Headlines on Economic ...
Find the latest headlines, top news stories for euro zone crisis Read News stories about, euro zone crisis euro zone crisis latest news headlines, euro zone crisis ...
economictimes.indiatimes.com/searchresult.cms?query...
Greek PM meets EU leader amid eurozone crisis
Europe was given a scare this week when Slovakia's parliament rejected an overhaul of the eurozone's main defence against the crisis, the European Financial ...
www.google.com/.../ALeqM5j8c4Z9iAZxAYyzs8ekg6tQNK8...
Secondary Sources: GOP Questions, Euro Zone Crisis, Distressed ...
A roundup of economic news from around the Web. ... –Euro Zone Crisis: Raghuram Rajan says fixing the euro zone crisis will be costly and the IMF may be ...
blogs.wsj.com/.../secondary-sources-gop-questions-euro-zone-...
Euro zone crisis adds to risk for real estate investors
Real estate investors in the euro zone should be demanding higher risk premiums to reflect the ... due to the sovereign debt crisis, even though a widespread break up is unlikely, according to analysts. ... Business News l Skip to Main Content ...
www.ibtimes.com/.../euro-zone-crisis-adds-to-risk-for-real-esta...
'European Central Bank should bailout EU states directly' — RT
There should be drastic changes in how and by whom the EU's economic problems are dealt with, economy experts told RT.
rt.com/news/eu-economy-crisis-solution-829/
EU delays summit to finalise crisis plans - RTÉ News
German Chancellor Angela Merkel and French President Nicolas Sarkozy vowed over the weekend a response to the euro zone debt crisis within weeks, ...
www.rte.ie/news/2011/1010/eurozone-business.html
Dexia bailout: Eurozone crisis needs 'big bazooka' approach, says ...
Settling their differences: Nicolas Sarkozy and Angela Merkel have said a comprehensive package to solve the euro zone debt crisis will be unveiled by the end...
www.dailymail.co.uk/.../Dexia-bailout-Eurozone-crisis-needs-...
METALS-Copper up for fourth day on euro zone crisis pledge ...
Copper ends up for fourth straight session * German/Franco crisis proposal triggers risk rally ... METALS-Copper up for fourth day on euro zone crisis pledge .... Thomson Reuters is the world's largest international multimedia news agency, ...
af.reuters.com/article/metalsNews/idAFL5E7LA13Z20111010

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