Today: EUROZONE Crisis News, Oct 22, 2011

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Oct 22, 2011

EUROZONE Crisis News, Oct 22, 2011

EU heavyweights to join Merkel, Sarkozy in crisis marathon
Monsters and Critics.com
Brussels - The leaders of France and Germany will be joined by European Union and International Monetary Fund (IMF) heavyweights when they meet on Saturday, diplomats said as a marathon of crisis meetings about the eurozone crisis went into its second ...
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William Hague warns Tory MPs over EU referendum vote
The Guardian
Photograph: Reuters A referendum on Britain's future in the EuropeanUnion could damage the UK's economic recovery and undermine attempts to tackle the eurozone crisis, the foreign secretary, William Hague, has warned Conservative MPs. ...
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The Guardian
Weidmann says repeatedly expanding EFSF won't resolve crisis
Reuters India
Weidmann said in a newspaper interview released on Saturday that repeatedly expanding the euro zone rescue fund won't resolve the euro zone crisis. BERLIN (Reuters) - Bundesbank president Jens Weidmann said in a newspaper interview released on Saturday ...
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Reuters India
GLOBAL MARKETS-Global stocks, euro gain on debt crisis optimism
Reuters
By Herbert Lash NEW YORK, Oct 21 (Reuters) - Global equities surged and the eurogained on Friday as investors bet that European leaders over the next few days will move forward in resolving the euro zone's two-year-old debt crisis. ...
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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 crisiscould impact on developing countries through China's hard-landing. ...
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IMF says not seeking more funds from Gulf states
Reuters
Some emerging economies, fearing the euro zone crisis could destabilize them, suggested giving the IMF more firepower to cope with threats to the global financial system when policymakers from the Group of 20 nations met in Paris last week. ...
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Reuters
Eurozone to banks: Take bigger loss on Greek debt
Albany Times Union
"The crisis in the eurozone is doing real damage to many of the European economies, including Britain," George Osborne, Britain's chancellor of the exchequer, said as he headed into Saturday's meeting. "We have had enough of short-term measures, ...
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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
EU officials scramble to solve the crisis
CNNMoney
NEW YORK (CNNMoney) -- European leaders will be in talks pretty much non stop over the next few days as they hammer out a plan to fix the eurozone debt crisis. The flurry of "consultations" comes ahead of a highly-anticipated summit of European Union ...
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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 Merkel's ...
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Gold rises with equities on optimism over EU summit
Reuters
Gold posted its biggest one-day gain in two weeks as Wall Street and commodities rallied after the euro zone's two biggest powers France and Germany said they would meet twice -- on Sunday and Wednesday -- to prevent the crisis from engulfing the ...
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Reuters
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 crisisand regional political uncertainty, financial analysts said Friday. ...
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Oil prices rise sharply on hopes of eurozone solution
This is Money
By This Is Money Oil prices rose sharply today on hopes that Europeanleaders would find a solution to the eurozone crisis at their weekend meeting. The price of Brent crude hit $111.23, up from a little over $109, as optimism infected trading this ...
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This is Money
China's Wen tells Europe fundamental reforms needed
Reuters
Deep divisions between France and Germany threaten to foil the weekend meeting ofEuropean leaders. Wen told Van Rompuy that the euro debt crisis "is also the outcome of problems within the European Union and euro zone that have accumulated over a long ...
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FOREX-Risk rally pummels dollar ahead of EU summits
Reuters
Against the dollar, the euro rose 0.5 percent to $1.3846 , having hit $1.3900 on Reuters data and recovering from a low of $1.3703. With doubts over a meaningful plan to contain Europe's debt crisis, analysts see the euro could fall to $1.30 by ...
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TREASURIES-Longer-dated prices dip as EU confidence rises
Reuters
A more than 1 percent rise in stocks on Friday on optimism that a solution to the euro zone crisis would be agreed on further undermined Treasuries' safe-haven appeal. "All the markets are pointing to the same direction. It does seem to suggest that ...
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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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CANADA STOCKS-TSX ends higher on optimism ahead of EU summit
Reuters
Hurdles remain in resolving the euro zone debt crisis, with European leaders scheduled to hold a summit this weekend. While important differences still separate major players France and Germany, investors took it as a positive that their leaders set a...
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Brazil's Mantega To Ask G-20 For Euro-Zone Solution - Report
Wall Street Journal
SAO PAULO (Dow Jones)--Brazilian Finance Minister Guido Mantega said Friday that he will ask Group of 20 nations to offer solutions to the euro-zone crisis when the bloc meets next month, Estado de S Paulo newspaper reported. ...
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NYMEX-Crude up on euro zone optimism before summits
Reuters
Bickering between the two European powers is forcing EU leaders to meet twice -- on Sunday and Wednesday -- to try to draw a comprehensive strategy to resolve the crisis. Optimism that those leaders will come to terms on how to move forward pulled the ...
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EMERGING MARKETS-Latin American stocks gain ahead of EU summit
Reuters
Global markets have been focused on the euro zone's debt crisis, especially on deep divisions between France and Germany over how to scale up a euro zone rescue fund ahead of a closely watched summit this Sunday in Brussels. ...
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MONEY MARKETS-Interbank lending rates up before EU summit
Reuters
Officials also discussed how to boost the effectiveness of the European Financial Stability Facility, the bailout fund, and contain the debt crisis in Greece. The Federal Reserve's influential vice chair, Janet Yellen, said on Friday that Europe's ...
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Volatile copper roars back in front of EU summit
Reuters
CRB, as investors grew hopeful for a near-term solution to the euro zonedebt crisis. The metal was also helped by Chinese buying signals. Gains spanned the entire base metals complex. Aluminum tacked on 4 percent, zinc jumped nearly 5 percent, ...
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Reuters
Why investors can't trust anything coming from Europe
Moneycontrol.com
A market tethered to hopes for a European debt crisis solution is likely to remain in a state of confusion, even if two upcoming summits exceed muted expectations. As a result, market volatility will continue until there are some signs that the EU is ...
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Moneycontrol.com
Eurozone crisis meeting gets under way | European Voice
eurogroup begins crisis meeting finance ministers discussing greek bail-out, strongercrisis response. ... Jean-Claude Juncker, the prime minister of Luxembourg who chairs meetings of eurozone finance ministers, has cancelled the news conference that normally takes place at the end of such meetings. On his way into the meeting, Juncker said ... France is pushing to leverage the eurozone's bail-out fund by allowing the fund to get money from the ECB if needed. Germany rejects this ...
European Voice - RSS - News & analysis
The euro-zone crisis: If it wasn't so serious | The Economist
The euro-zone crisis. If it wasn't so serious. Oct 21st 2011, 16:16 by A.P.. Tweet. There is only so much fun to be had from a sovereign-debt crisis that has the potential to bring down banks and derail the global economy. But as European politicians apparently prepare to disappoint the markets again, let's remember that they can ... Christian Noyer, the governor of the Bank of France, on the announcement that Moody's had downgraded two French banks: “It's relatively good news. ” ...
Free exchange
EU crisis straining Franco-German ties | News | Financial Post
Analysis: Relentless crisis management is straining the Franco-German relationship that underpins the euro, pitting Paris against Berlin over how best to leverage the EFSF rescue fund to contain the currency bloc's debt fiasco.
FP Top Stories List
XE.com - WRAPUP 3-Merkel rebuffs Sarkozy on euro zone solution
France's push to use more European Central Bank money to fight the euro zone debtcrisis has run into strong resistance from Germany and other EU partners, leaving Paris increasingly isolated before a crucial summit. ... Search for a news provider, date, or keywords. News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles. WRAPUP 3-Merkel rebuffs Sarkozy on euro zonesolution. Top Articles. WRAPUP 10-Gaddafi killed in ...
XE Forex News
A few days left to solve out-of-reach crisis | News | Financial Post
In its effort to catch up to a crisis perpetually beyond its reach, the eurozone's political framework has proven incapable of mustering the necessary urgency. The required consensus of 17 separate legislatures (17!) have weakened attempts to ...
Financial Post - Top Stories
The Eurozone Crisis For Dummies
By Simone Foxman
Suddenly market attention is focused on the eurozone crisis, and the signs are worsening that core European 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
Commodity Currencies Bid Higher Ahead of Five-Day EU Summit ...
Yesterday was shaping up to be an exceptionally disappointing day leading into a disappointing weekend, as news 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 ...
ForexTV Forex News
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
Merkel rebuffs Sarkozy on euro zone solution | AAJ News
By Reuters
France's push to use more European Central Bank money to fight the euro zone debtcrisis ran into strong resistance from Germany and other EU partners on Friday, leaving Paris looking increasingly isolated before a crucial summit. ...
AAJ News
Franco-German cultural differences complicate euro deal < French ...
French News. archive. Print ... These differences resurface every time the EuropeanUnion faces a crisis and can be traced back to historic differences and even the traumatic pasts of Europe's two leading economies. Germany is reined in in its ability to act by a requirement to involve MPs in important decisions -- something Berlin argued Friday to explain why a second European summit on the eurozone's bailout fund was needed, just as the world was waiting for immediate action. ...
Expatica - French Local Headlines
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's sovereign 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 the euro 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...
BBC News - Eurozone's crisis countdown
Angela Merkel and Nicolas Sarkozy have agreed to produce a comprehensive crisispackage by the end of the month - so what does it need to do?
www.bbc.co.uk/news/world-europe-15239774
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...
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
Eurozone crisis: Live coverage
Compiled by John Aglionby on the world news desk in London, ... meant to be the moment European Union leaders came together to end the eurozone debt crisis. ...
blogs.ft.com/the-world/2011/.../eurozone-crisis-live-blog-5/?...
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...

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