Today: EUROZONE Crisis News, Oct 26, 2011

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Oct 26, 2011

EUROZONE Crisis News, Oct 26, 2011


Conclusive deal on euro zone crisis looks elusive
Fox Business
By Luke Baker Prospects for a comprehensive deal to resolve the euro zone debtcrisis at a summit on Wednesday look dim, with deep disagreement remaining on critical aspects of the potential agreement, including how to give the region's bailout fund ...
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German parliament to vote on boosting bailout fund
Reuters
Merkel is battling sliding ratings for herself and her coalition over her handling of theeuro zone crisis. Critics at home and abroad have accused her of taking a dithering approach that has exacerbated the debt crisis, and frustration is intense. ...
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Europe must do debt deal quickly: U.S. Treasury
MarketWatch
By Greg Robb, MarketWatch WASHINGTON (MarketWatch) — Europe must move “quickly and firmly” to implement any agreement to solve the euro-zone crisis, said Charles Collyns, Treasury assistant secretary for international finance, on Tuesday. ...
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Irish oppose EU treaty change to handle crisis - poll
Reuters Africa
But in The Irish Times/MRBI poll, some 47 percent of respondents said they would vote against an amendment to the EU treaty to extend powers to deal with the euro zone crisis. The poll found 28 percent of respondents would vote in favour of amending ...
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China to take part in eurozone bailout fund
AFP
A meeting between Chinese and European leaders scheduled to take place in China last Tuesday was postponed to make way for the second summit on the eurozone crisis. China and other emerging powers have agreed to take part in a eurozone bailout fund (
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AFP
A layman's guide to the euro crisis
Times of Malta
Well, apart from losing out on any savings in a collective investment scheme, Jane may also suffer from an indirect impact of the eurozone crisis. If eurozone leaders fail to agree on the way forward or what they decide fails to pacify international ...
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PMQs: Cameron confronted with coalition's EU divisions
Politics.co.uk
Nicolas Sarkozy hit out at David Cameron on Sunday as the eurozone crisis deepened divisions on the continent. Downing Street has brought forward the Commons' vote on membership of the European Union, as it seeks to quell a potential rebellion by ...
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The Eurozone's band of warring Nations
Socialist Worker
For three years the EU elite have been united on the idea that workers must pay for thecrisis. But they are divided on who among themselves must take a hit. Their plans for workers are summed up in the Euro Plus pact which was pushed through the EU in ...
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Euro crisis weighing on UK economy - Bank's Dale
Reuters UK
LONDON (Reuters) - The Bank of England's means to boost the fragile British economy are limited as the euro zone crisis is weighing on growth, the Bank's chief economist Spencer Dale said in a newspaper interview published on Wednesday. ...
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Reuters UK
ECB's Mersch backs calls for EU finance minister
Reuters
The euro zone crisis, which started in Greece, has spread to Portugal, Ireland and is now threatening to spillover to Italy and Spain. European leaders are locked in talks on ways to expand the bailout fund's firepower, make Greece's debt burden more ...
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Euro leaders not there to give all figures on crisis
Reuters
Full Coverage BRUSSELS (Reuters) - Euro zone leaders are unlikely to provide detailed figures on all the technical aspects of their crisis response package after their summit on Wednesday night, as these will be worked out in meetings afterwards, ...
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The Full Story: Prime Minister's Questions
BBC News
Ed Miliband asks his first question - about the European summits going on later. He says a growth agenda is needed. Mr Cameron says the eurozone crisis is acting as a "drag anchor" on growth - and says decisive action on Greek debts and a "firewall" is ...
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Euro crisis and a fishy business
BBC News
By Huw Williams BBC Scotland reporter Prime Minister David Cameron says Britain has to play its full part in resolving the eurozone crisis. If your neighbour's house is on fire, he said, you help put out the flames. But will Scots businesses be badly ...
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BBC News
MONEY MARKETS-Modest takeup of 1-yr ECB crisis-fighting loan
Reuters
By Marius Zaharia LONDON, Oct 26 (Reuters) - Euro zone banks borrowed modest amounts of three-month and one-year cash from the European Central Bank on Wednesday, as market rates traded at much lower levels than the ECB's refinancing rate and were ...
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EU Leaders Meet To Discuss Greek Debt Writedown, Bank Needs
Wall Street Journal
EU heads of government meet Wednesday evening in Brussels to discuss the bank-recapitalization plan. That will be followed by a meeting of euro-zone leaders in a bid to reach agreement on a comprehensive package of anti-crisis measures. ...
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European shares flat ahead of debt crisis summit
Reuters
The index has lost more than 12 percent in 2011 on worries about the euro zone and slowing global growth, though it is up more than 15 percent from a September low as policymakers step up their efforts to stem the crisis. German drugs and chemicals ...
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Cameron under pressure: split with Europe
Oman Daily Observer
But the pleasant present did little to quell Sarkozy's anger at Cameron's meddling in the euro zone crisis. Sarkozy reportedly told Cameron: “You have lost a good opportunity to shut up. We are sick of you criticising us and telling us what to do. ...
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Oman Daily Observer
CANADA STOCKS-TSX may open up with commodities; EU summit eyed
Reuters
European shares edged higher in thin, choppy trade ahead of a meeting of regional leaders to try and resolve the two-year-old euro-zone debt crisis. * Asian shares declined ahead of a key meeting of European policymakers later in the session, ...
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FTSE nudges higher as investors eye EU summit
Reuters
Prospects for a comprehensive deal to resolve the euro zone debt crisis at Wednesday's summit looked dim, with deep division on critical aspects remaining, including how to give the region's bailout fund greater firepower. "Expectations have been toned ...
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Pessimism Over Eurozone Crisis Deepens as EU Finance Ministers Abruptly Cancel ...
International Business Times
Doubts over the likelihood of any near-term resolution to the euro zonedebt crisis expanded after a key meeting of European Union (EU) finance ministers set for Wednesday was cancelled, according to an EUspokesman. Reuters reported that the finance ...
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International Business Times
$A falls on new eurozone worries
Sydney Morning Herald
CMC Markets foreign exchange dealer Tim Waterer said the Australian dollar's fall was in line with a global market response to the lack of progress on the eurozone debtcrisis talks. "When news came out that there was some delay with the EuropeanUnion ...
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Oil falls, market eyes stockpiles, EU meeting
Reuters
The prospects for a comprehensive deal to resolve the euro zone debtcrisis looked dim, with deep disagreement remaining on critical aspects of the potential agreement, including how to give the region's EFSF bailout fund greater firepower. ...
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Reuters
In da crisis: Greek hip hop against austerity
RT
As talks continue to try to find a resolution to the euro zone crisis, RT has found a group of people who are cutting through the political rhetoric and telling it how it really is – Greek hip hop artists, “Soul System.” There will be no finance ...
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Putting out fire while rebuilding the house
Presseurop - English
The European Council and eurozone crisis summit which opens on October 26 must prevent debt contagion. But it's a second wind that the EU needs if it's to have a future. "Whenever Europe has moved forward it was during a crisis. ...
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Presseurop - English
EURO GOVT-Bunds slip before EU summit, market expectations low
Reuters
By William James LONDON, Oct 26 (Reuters) - Bund futures eased in choppy trade on Wednesday, though demand could return if deep disagreements over how to resolve theeuro zone debt crisis prevent policymakers meeting later in the day from unveiling ...
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EU bogged down in euro crisis — RT
By RT
The EU's turbulent quest to pull the Eurozone out of its debt spiral has hit another snag. Several key meetings aimed at forming a plan have been cancelled, and doubt is growing that EU leaders can overcome their differences.
News RSS : Today
XE.com - WRAPUP 2-Conclusive summit deal on euro zone crisis ...
Prospects for a comprehensive deal to resolve the euro zone debt crisis at a summit on Wednesday looked dim, with disagreements remaining on critical aspects including how to give the region's bailout fund greater firepower.
XE Forex News
Opinions and News on the Eurozone Crisis, No. - American Future
By Marc Schulman
“Fears euro summit could miss final deal“. Eurozone leaders were struggling on Tuesday to reach agreement on a much-anticipated deal to reverse their spiralling debtcrisis amid mounting signals a definitive agreement would not be reached ...
AMERICAN FUTURE
Greek Bond 'Haircut' of 50% Appears Set: Sources - CNBC
Merkel Presses Private Bondholders on Greece; Yen Hits a Record, Aussie Dollar Slips, Euro Awaits News; Boeing Earnings Top Estimates; Raises 2011 Outlook; EULeaders May Give Guarantees to Banks: Draft; Sprint Beats Despite Customer ...Prospects for a comprehensive deal to resolve the euro zone debt crisis at a summit on Wednesday had begun to look dim, with deep disagreement remaining on critical aspects of the potential agreement, including how to give the region's ...
CNBC Top News and Analysis
Euro Zone Crisis Sets Off Referendum Demand | As I Please | Big ...
By Mark Seddon
Euro Zone Crisis Sets Off Referendum Demand. Mark Seddon on October 25, 2011, 5:06 PM. Tweet · Eurozone. Before history is quickly re-written and the essentials forgotten, the vote that took on Monday night in the House of Commons on whether British voters should be allowed a referendum on membership of the European Union came about because a petition of over one hundred thousand electors ... If you have any questions, news or comments, please feel free to email me. ...
Big Think
Eurozone crisis: live blog | The World | International affairs blog from ...
By Esther Bintliff
13.20: As German parliamentarians debate the eurozone crisis, anti-bank demonstrators have gathered outside the Bundestag, unfurling a 15 metre-long banner calling for “die Banken in die Schranken”. Quentin Peel says this means, freely translated, “Cut the .... Olivier Bailly, a spokesman for the European Commission, told his usual mid-day briefing that he had checked just before the news conference and it hadn't arrived. 'At this point in time… we have not received officially the ...
The World
EU Debt-Crisis Fears Mount; Finance Meeting Canceled | Neon ...
By dewatson
Pessimism continued to grow Tuesday over whether a debt-crisis plan would be reached by EU leaders at Wednesday's summit in light of news that European Union finance ministers canceled a finance meeting, sending worldwide stocks ...
Neon Tommy | the voice of annenberg...
Euro crisis: EU leaders hope to reach debt plan | 3G Media Inc.
By 3G MEDIA
European Union leaders are gathering for an emergency summit in Brussels to try to finalise details of a plan to tackle the eurozone debt crisis. There is disagreement on how to boost the firepower of the EU's bailout fund for highly indebted ...
3G Media Inc.
Stocks End Sharply Lower on Euro Zone Worries | Stock Market News
By edliston
Stocks ended sharply lower in trading today as renewed worries about the euro zonedebt crisis dragged down investors' confidence. The concerns about the euro.
Stock Market News
Muhurat trading: Sensex ends flat, Tata Motors top traded stock ...
In other market newsEuropean leaders are set to meet amid growing fears about whether they can reach a comprehensive deal to tackle the eurozone debt crisis. JP Morgan, however, warns that the news flow out of Europe is likely to ...
Firstpost
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...
Summit deal on euro zone crisis looks elusive | ABS-CBN News ...
BRUSSELS - Prospects for a comprehensive deal to resolve the euro zone debt crisisat a summit on Wednesday look dim, with deep disagreement remaining ...
www.abs-cbnnews.com/.../summit-deal-euro-zone-crisis-looks...
Debt crisis: live - Telegraph
11:40 Telegraph commentator Toby Young believes the European project was doomed from the start and the collapse of the Eurozone crisis talks is a perfect ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
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
Analysis: Euro zone nears flawed crisis strategy
By Paul Taylor BRUSSELS (Reuters) - First the good news: European leaders are nearing a strategy to counter the euro zone's sovereign debt crisis. ...
www.reuters.com/.../us-eurozone-strategy-idUSTRE79N3WM...
Euro zone crisis: Is the EU's political suicide the only solution ...
EU news & policy debates - across languages -. en. Click here for EU News .....Protesilaos Stavrou Questions and Answers on the October 23 Euro Crisis ...
www.euractiv.com/.../euro-zone-crisis-eus-political-suicide-sol...
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...
G20 divisions over IMF's role in euro zone crisis | euronews, world ...
world news - Should the IMF be strengthened to fight Europe's debt crisis? At a G20 meeting in Paris, most of the leading emerging market countries, known as ...
www.euronews.net/.../g20-divisions-over-imf-s-role-in-euro-z...
Merkel Expects Breakthrough On Euro Zone Crisis Wednesday | Fox ...
... up with a comprehensive response to the euro zone debt crisis on Wednesday, ...Fox News/Fox Business (Article Page: Fox News/SBC/Latino/Fox Business) ...
www.foxbusiness.com/.../merkel-expects-breakthrough-on-eur...
Euro Zone Nears Flawed Crisis Strategy
ANALYSIS-Euro Zone Nears Flawed Crisis Strategy.
www.moneynews.com/InvestingAnalysis/Euro.../415498

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