Today: EUROZONE Crisis News, Oct 21, 2011

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Oct 21, 2011

EUROZONE Crisis News, Oct 21, 2011

How the eurozone debt crisis could affect developing countries
The Guardian
A weak euro may put further pressure on developing countries' dollar-based exports and diminish remittances purchasing power. In addition to the above, the eurozone crisis could impact on developing countries through China's hard-landing. ...
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Eurozone crisis: Live coverage
Financial Times (blog)
In a phone call with European Council president Herman Van Rompuy, he urged Europe to stop its debt crisis spreading across the bloc, warning that fundamental reforms were needed to staunch the euro zone's troubles, in comments made after the two sides ...
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Financial Times (blog)
CANADA STOCKS-TSX to edge up on commodities, await EU summit
Reuters
Oct 21 (Reuters) - Toronto's main stock index was set to open slightly higher on Friday, supported by stronger commodity prices, but investor's anxiety continued as the decision on clear steps to stem theeuro zone crisis was pushed to Oct 26. ...
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Crisis in Euro Zone Weighs on Emerging-Market Banks
Wall Street Journal
By SUDEEP REDDY The euro-zone debt crisis is spilling over to emerging-market banks, signaling new risks for economies that had largely brushed off European troubles for the past two years, an industry survey found. Across Asia, Eastern Europe, ...
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Wall Street Journal
German business morale falls for fourth straight month
Reuters
Many economists said that, while sentiment was worsening as the euro zone crisis reached a critical stage, the real economy was still in good shape and well placed to weather the crisis -- for the time being. "There is no denying that the German ...
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Euribor rates near flat with EU crisis hopes in limbo
Reuters
FRANKFURT, Oct 21 (Reuters) - Key euro-priced bank-to-bank lending rates remained close to previous day's levels on Friday as uncertainty over the euro zone's sovereign debt crisis continued to weigh against the downward pressure of over 200 billion ...
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Basis For Deal On Euro-Zone Crisis Found - French Foreign Minister
Wall Street Journal
He said economic governance, bank capital and the euro-zone bailout fund as among areas of growing consensus. "We're going in the right direction," Juppe told Europe 1 radio following Thursday's surprise announcement that the European Union would hold ...
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Analysis - Shooting the ratings agency messenger
Reuters
Michel Barnier, the EU commissioner in charge of regulating finance, suggested on Thursday that rating agencies were "one of the causes" of the euro zone crisis and needed to be curbed from reporting on crisis-hit countries publicly. He is not alone. ...
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Reuters
China's Wen tells Europe fundamental reforms needed
Reuters
Deep divisions between France and Germany threaten to foil the weekend meeting of European leaders. Wen told Van Rompuy that the euro debt crisis "is also the outcome of problems within the EuropeanUnion and euro zone that have accumulated over a long ...
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TREASURIES-Prices zigzag on euro zone summit doubts
Reuters
By Walter Brandimarte NEW YORK, Oct 20 (Reuters) - US Treasuries prices were little changed on Thursday as traders were skeptical about the ability of euro-zone leaders to come up with a plan to solve the region's debt crisis during a summit this ...
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Euro-Zone Doubts Propel Treasury Prices Higher
Wall Street Journal
But the appetite for risky assets was soon ruined following reports that raised concerns that a comprehensive plan to stem the euro zone's crisis may not be ironed out in the coming days. "It's just one headline after another, as we hear this and hear ...
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EU-China summit postponed from Oct.25 -- EU source
Reuters
BRUSSELS Oct 21 (Reuters) - A summit between the European Union and China that was scheduled for next Tuesday in China to discuss trade relations, the euro zone crisis and the November G20 meeting has been postponed, an EU source said on Friday. ...
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US, Britain leaders weigh in on euro crisis in video call
AFP
A White House statement issued after the videoconference said that "Chancellor Merkel and President Sarkozy fully understand the urgency of the issues in the eurozone." In the most effusive praise so far for European efforts to beat the debt crisis, ...
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AFP
GRAINS-Corn, wheat extend gains on EU summit hopes
Reuters Africa
France and Germany said in a joint statement on Thursday that the leaders will discuss in detail a comprehensive solution to the euro zone crisis at the summit on Sunday but no decisions will be adopted before a second meeting to be held by Wednesday ...
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UAE c.bank gov: no big euro crisis impact on local banks
Reuters
ABU DHABI Oct 21 (Reuters) - The euro zone debt crisis should not have a big impact on the United Arab Emirates' banks and the central bank is comfortable with bank lending growth in the OPEC member country, its governor said on Friday. ...
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Merkel faces ugly coalition row before euro summit
Reuters
Compounding her woes ahead of crucial meetings on the euro zone crisis, Merkel found her coalition badly split over tax cuts presented by her finance and economy ministers . The opposition ridiculed the unusually public display of infighting in ...
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Markets Fluctuate On Jitters Over Weekend Euro-Zone Summit
Wall Street Journal
By Dan Strumpf Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Markets fluctuated across the board Thursday amid fresh worries about the euro-zone's sovereign debt crisis, though leaders in France and Germany offered assurances that a plan would be in ...
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US Stock Futures Edge Higher Ahead Of European Summit
Wall Street Journal
By William L. Watts US stock index futures edged higher Friday, with strategists expecting a day of cautious trading as European leaders remained divided over how to address the euro-zone debt crisisahead of a Sunday summit meeting. ...
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Arab stocks lacklustre on euro zone crisis, political turmoil
Monsters and Critics.com
By Abdul Jalil Mustafa Oct 21, 2011, 13:44 GMT Amman - Arab stock markets were volatile this week as investors continued to feel pressure from the eurozone debt crisis and regional political uncertainty, financial analysts said Friday. ...
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VEGOILS-Palm oil perks up on euro zone resolution hopes
Reuters Africa
* Market set for smallest weakly gain in October * Contango curve remains in place, some shorts rolling over to later months * Any key resolution on euro zone debt crisis likely next week (Updates prices) By Niluksi Koswanage KUALA LUMPUR, ...
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G20 Must Help Manage Eurozone Crisis
Carnegie Endowment for International Peace
This needs to include new fiscal and monetary arrangements, a powerful European banking authority, mechanisms for managing default and exit from the eurozone, and structural reforms that increase product and labor market flexibility inside the union. ...
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Carnegie Endowment for International Peace
NYMEX-Crude up on hopes EU will address debt woes
Reuters
European shares extended gains as investor sentiment was driven by optimism that policymakers would make progress on a solution to the euro zone debt crisis. European leaders have put off crucial decisions on how to stop a sovereign debt meltdown in ...
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France and Germany split over bailout fund
RTE.ie
Speaking in Cork, Mr Kenny said Ireland would contribute constructively and comprehensively to the debate on the resolution of the eurozone crisis. He added that Ireland's position would be that the crisis could only be ended by political decisions ...
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WORLD FOREX: Euro, Currencies Range-bound Ahead Of EU Summits
Wall Street Journal
In Europe's emerging markets, currencies remained under pressure from concerns over the euro-zonedebt crisis. The Polish zloty suffered the most and is now trading back at levels against the euro where the central bank intervened earlier this month. ...
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Merkel faces ugly coalition row before euro summit
Baltimore Sun
Compounding her woes ahead of crucial meetings on the euro zone crisis, Merkel found her coalition badly split over tax cuts presented by her finance and economy ministers. The opposition ridiculed the unusually public display of infighting in Merkel's ...
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EU's Rehn: need comprehensive agreement to solve euro zone crisis
BRUSSELS, Oct 21 - Euro zone finance ministers and officials were to meet on Friday to discuss the crisisin the euro zone, including how to increase the clout of the European Financial Stability Facility (EFSF) bailout fund and deal with the...
XE Forex News
Opinions and News on the Eurozone Crisis, No. 27 - American Future
By Marc Schulman
Opinions and News on the Eurozone Crisis, No. 27. Financial Times. Peter Spiegel & Gerrit Wiesmann, “Europe forced into second summit“ — European leaders will be forced to hold a second summit, perhaps as early as Wednesday, ...
AMERICAN FUTURE
Uae Cbank Gov - Euro Zone Crisis Should Not have Impact on Local ...
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Live Forex news
EU financial crisis – The key questions — RT
By RT
With the Eurozone leadership needing to unveil a 'grand plan' to deal with the European financial crisis, thenews that they need to delay until at least mid-next week is raising fears that they are simply trying to bridge the unbridgeable.
News RSS : Today
Obama in eurozone crisis talks with Merkel, others - The Local
US President Barack Obama and British Prime Minister David Cameron weighed in on the eurozone crisiswith the French and German leaders Thursday, ahead of a crucial weekend EU summit, the White House said. ... The Local: Germany's news in English. Find films playing ... In the most effusive praise so far forEuropean efforts to beat the debt crisis, the statement said the leaders were "working diligently" towards a "comprehensive solution" which will be "politically sustainable." ...
The Local - Germany's news in English
Eurozone crisis: live blog | The World | International affairs blog from ...
By John Aglionby
... to our coverage of the eurozone crisis. Compiled by John Aglionby on the world news desk in London, with contributions from correspondents around the world. ... In a phone call with European Council president Herman Van Rompuy, he urged Europe to stop its debt crisis spreading across the bloc, warning that fundamental reforms were needed to staunch the euro zone's troubles, in comments made after the two sides postponed an annual summit. Reuters is reporting that Wen ...
The World
The Eurozone Crisis For Dummies
By Simone Foxman
Suddenly market attention is focused on the eurozone crisis, and the signs are worsening that coreEuropean banks not in troubled countries are at risk. That fear came to a head with the fall of the Belgian bank Dexia earlier this month. ...
Clusterstock
European crisis summit faces high expectations | The Associated ...
By The Associated Press
News · Tweet. Print. Comments ... Stocks and the euro have rising since a Group of 20 finance ministers' meeting last weekend urged eurozone leaders to quickly address its debt crisis before it derails the global economy. But the optimism ...
Examiner RSS
Euro Higher against Dollar on Eurozone Optimism — Forex News
By MMarquit
Euro Higher against Dollar on Eurozone Optimism. Euro is higher against the US dollar today, getting a boost from another round of optimism about a solution to the sovereign debt crisis. So far, euro has hit a high just for today at 1.3901, ...
Forex News
Commodity Currencies Bid Higher Ahead Of Five-Day EU Summit
By DailyFX
Yesterday was shaping up to be an exceptionally disappointing day leading into a disappointing weekend, asnews reports surfaced that the German leadership bloc was considering not attending the Euro-zone summit this weekend. Instead, while German leaders would actually be attending, it became clear that an agreement forming some sort of resolution to the Euro-zone crisis would not be reached by Sunday. Briefly, risk-aversion took hold of trading on Thursday, sending ...
DailyMarkets.com
U.S. rejects plan to strengthen IMF in euro zone crisis - Yahoo! News
Read 'U.S. rejects plan to strengthen IMF in euro zone crisis' on Yahoo! News. PARIS (Reuters) - Proposals to double the size of the IMF as part of a broader ...
news.yahoo.com/euro-zone-crisis-set-dominate-g20-paris-mee...
Germany dampens euro zone crisis hopes | euronews, world news
world news - Germany's has lowered expectations of a breakthrough in the euro zone'ssovereign debt crisis at next weekend's summit ...
www.euronews.net/.../germany-dampens-euro-zone-crisis-hop...
U.S. rejects plan to strengthen IMF in euro zone crisis | Reuters
A second day of talks on Saturday may produce more robust language on the urgency of tackling theeuro zone debt crisis but little of substance is likely to be ...
www.reuters.com/article/.../us-g-idUSTRE79C74G20111014
Euro zone crisis set to dominate G20 Paris meeting - Business ...
PARIS — G20 finance chiefs and central bank heads from the world's biggest economies meet in Paris on Friday needing to find a solution to a deepening euro ...
www.gmanews.tv/.../euro-zone-crisis-set-to-dominate-g20-pari...
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...
Crisis in Euro Zone Weighs on Emerging-Market Banks
By SUDEEP REDDY The euro-zone debt crisis is spilling over to emerging-market banks, signaling new risks for economies that had largely brushed off European ...
online.wsj.com/.../SB10001424052970203752604576643131...
BBC News - Eurozone's crisis countdown
Angela Merkel and Nicolas Sarkozy have agreed to produce a comprehensive crisis package by the end of the month - so what does it need to do?
www.bbc.co.uk/news/world-europe-15239774
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 crisiscould lead to a massive debt default by the Greek ...
www.thehindu.com/business/article2530512.ece
Waser Says Full Euro-Zone Crisis Solution Not Possible
Oct. 18 (Bloomberg) -- Otto Waser, chief investment officer of R&A Research & Asset Management AG, discusses the European sovereign debt crisis and the ...
www.washingtonpost.com/.../gIQAQt1YtL_video.html
Eurozone crisis: Live coverage
Compiled by John Aglionby on the world news desk in London, ... meant to be the moment EuropeanUnion leaders came together to end the eurozone debt crisis. ...
blogs.ft.com/the-world/2011/.../eurozone-crisis-live-blog-5/?...

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