EUROZONE Crisis News, Oct 28, 2011

Merkel Asserts EU Crisis Leadership as She Seeks to Win Back German Voters Bloomberg “This has confirmed Germany's role as the make-or-break player not only in the euro- zone crisis but in European Union affairs beyond Europe.” Two years after the debt crisis came to light in Greece, Merkel is finally translating her status as leader ... See all stories on this topic »

Barroso: Europe 'closer to resolving eurozone crisis' Mmegi Online European Commission President Jose Manuel Barroso has said Europe has moved closer to solving the eurozone debt crisis, as an agreement was reached in Brussels. Addressing the European Parliament in Strasbourg, Barroso said the deal showed theEU could ... See all stories on this topic »

EU summit: Not about solving eurozone crisis, it was designed to fail Daily Mail Roger Bootle's Capital Economics said: 'We still expect the crisis to prompt a prolonged recession in the euro-zone, further turmoil in global financial markets and, at some point, the end of the euro itself in its current form. ... See all stories on this topic » Daily Mail

Has The European Crisis Been Fixed? Seeking Alpha Here is the open letter of Martin Wolf, urging incoming ECB president Mario Draghi to be bold: The European Central Bank alone has the power to quell the eurozone crisis. You must choose between two paths: the orthodox one leads toward failure; ... See all stories on this topic »

Brazil may aid in euro zone crisis GlobalPost (blog) Brazil isn't exactly China, which may offer as much as $100 billion in bailout money to help the EU out of its debt crisis. The head of the EU's emergency account stopped in Beijing this week for what he said were routine meetings. ... See all stories on this topic »

German court stops euro crisis response panel RTE.ie Germany's top court has stopped a new committee appointed to approve emergencyeuro zone measures. Germany's top court today stopped a new fast-track committee appointed to approve emergency measures to tackle the euro zone crisis, potentially slowing ... See all stories on this topic »

What price China's aid, EU asks itself The Australian ... political capital it will win from the bailout at a more tactical pace. China is as worried about a contagious European financial crisis as everybody else. About 25 per cent of its exports go to the EU and it cannot afford for that to fall. See all stories on this topic »

ECB trimmed bond purchases ahead of crisis summit Reuters FRANKFURT (Reuters) - The European Central Bank trimmed its weekly purchases of government bonds back to 4 billion euros in the run up to this week's euro zone crisissummit, an earlier-than-usual release of ECB bond-buying data showed on Friday. ... See all stories on this topic »

Euro zone still unsafe to join despite deal: Poland Reuters WARSAW (Reuters) - The euro zone is still not safe for Poland to join despite this week's agreement on measures to halt its sovereign debt crisis, Finance Minister Jacek Rostowski said Friday, adding it would be several years before Warsaw sets a new ... See all stories on this topic »

Eurozone leaders agree debt crisis deal RTE.ie As well as the deal on deeper private sector participation in Greece - which emerged after Mr Sarkozy and German Chancellor Angela Merkel engaged in the negotiations with bankers - eurozone leaders also agreed to scale up the European Financial ... See all stories on this topic »

The Eurozone Crisis Is Over! … Or Is It? Ninemsn In addition, Eurozone leaders came to an agreement in principal on leveraging theEuropean Financial Stability Facility by as much as 5 to 1. This was seen as a key step in the region's fight to head off its debt crisis because it will provide a huge ... See all stories on this topic »

Global Markets Weekahead: Another week, another summit Reuters By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) - It would be nice to think that with the euro zone having come up with a plan to tackle its debt crisis, investors could focus in the coming week on more than another meeting of ... See all stories on this topic » Reuters

Hitches Signal Difficulties Ahead for the Euro Zone New York Times By JACK EWING AND DAVID JOLLY PARIS — Sobriety displaced euphoria in Europe on Friday as new developments signaled that the debt crisis was far from over, deflating a market rally that had followed a show of resolve by European leaders. ... See all stories on this topic »

European Stocks Surge for Fifth Week After EU Debt-Crisis Deal BusinessWeek The announcements “should satisfy market expectations in the shorter term, while falling short of resolving the underlying challenges facing the euro-zone economy,” Peter Oppenheimer, chief global equity strategist at Goldman Sachs Group Inc. in London ... See all stories on this topic »

Oil market falls after EU-inspired bounce AFP LONDON — World oil prices fell Friday as investors took profits from bumper gains the previous day made on a breakthrough EU deal to help resolve the eurozone debt crisis and prevent another recession. New York's main oil contract, light sweet crude ... See all stories on this topic » AFP

Global stock markets soar on EU debt deal Ninemsn Global stock markets soared, the euro rebounded and oil prices jumped in a massive relief rally on Thursday after EU leaders agreed a deal to resolve the eurozone crisisand data showed the US economy growing faster than expected. European and US stock ... See all stories on this topic »

Italy at heart of crisis as borrowing costs climb Reuters By James Mackenzie and Valentina Za ROME, Oct 28 (Reuters) - Italy's borrowing costs jumped to record levels on Friday, underlining its vulnerability at the heart of the euro zone debt crisis and scepticism about whether the struggling government of ... See all stories on this topic »

Obama notes 'significant' EU debt deal progress China Post Obama, a week before heading to the G-20 summit in France, said in a statement that the European Union had made important decisions and laid a “critical foundation for a comprehensive solution to the eurozone crisis.” Later, at an Oval Office meeting ... See all stories on this topic »

EU plan will help prop up banking system-Fitch Reuters And "with support likely to remain very high within the euro zone for senior creditors, this means banks' senior debt ratings should be unaffected in most cases, even for the region's weaker banks." The deal adopted this week also calls for a Greek ... See all stories on this topic »

Banks pull FTSE back after euro-zone deal rally Reuters By David Brett LONDON, Oct 28 (Reuters) - Britain's FTSE 100 share index closed down on Friday, as investors gave pause to the sharp gains made on the outline deal announced by government leaders on Thursday to tackle the euro zone debt crisis, ... See all stories on this topic »

EU Summit Reaction: Sum of the Parts is No Greater than the Whole FXstreet.com I therefore do not expect China to be the eurozone's white knight. As with virtually all policies announced at the EU level since the onset of the eurozone crisis, the devil is in the details. Just as important as what was announced yesterday morning ... See all stories on this topic »

Euphoria fades in the cold light of day Financial Times That is the school report given to European leaders by leading investors and market experts over the latest deal to solve the eurozone debt crisis. Nick Gartside, international chief investment officer for JPMorgan Asset Management, says: “It is still ... See all stories on this topic »

Japan urges more action on euro crisis Financial Times “Now we would like even greater efforts from within the EU and eurozone to ease crisisworries by creating a stronger and more detailed approach,” Mr Noda said, adding that Japan and other nations needed to set out policies for economic growth and ... See all stories on this topic »

EU's Ashton to visit Japan amid euro crisis AFP TOKYO — EU foreign affairs supremo Catherine Ashton is to visit Japan next week, the foreign ministry in Tokyo said Friday, as the bloc looks for ways to boost its debt bailout fund. Ashton's visit, which begins Tuesday, comes after eurozone leaders ... See all stories on this topic » AFP

PRECIOUS-Gold eases after EU debt deal spurs risk rally Reuters By Marie-Louise Gumuchian and Alessandra Prentice LONDON, Oct 28 (Reuters) - Gold eased on Friday but was still on course for its biggest weekly rise in two months after the euro zone's last-minute deal on containing debt crisis buoyed commodities and ... See all stories on this topic »

Euro Zone Crisis: Gauging the Fallout of Another Rescue - CNBC Another European plan to fix its sovereign debt problem has initiated another sharp market rally. ... Consumers More Upbeat in Late October, Topping Views; Stocks Look for Direction; Financials Hit; Futures Hold Lower After Spending News; Fitch Says Greece Deal to Result in Temporary Default; Merck Earnings Top Views, Raises Year Forecast .... Then there is the question of whether the answer to the euro zone's debtcrisis is taking on even more debt, which this plan requires. ... CNBC Top News and Analysis

Opinions and News on the Eurozone Crisis, No. 34 - American Future By Marc Schulman The euro's troubles have been a proxy for a deeper crisis of integration. Franco-German reconciliation and the fall of communism deprived the Union of its founding purpose. Perhaps the latest effort of eurozone leaders will stabilise the euro. ... AMERICAN FUTURE

Economy Watch: Tentative Euro-Zone Deal ... - Multi-Housing News By JessicaF In any case, the world seems happy that some progress has been made on solving theeuro-zone crisis, even if much more remains to be done (namely, persuade Italy to do something about its $2.7 trillion debt). Only a few hours after the ... Multi-Housing News Online

A Brief Guide To The Eurozone Crisis | Takeaways From Summit ... By Jeff Harding In order to understand the EU summit "breakthrough," we need to understand how the players in the eurozone see it. Minyanville.com - All Articles

EU to sink or swim in debt crisis < News Focus | Expatica Spain "If the euro fails, then Europe fails," German Chancellor Angela Merkel warned Wednesday, hours ahead of a crunch summit held to resolve the debt crisis and restore worldwide confidence in the stability of the eurozone. Credited with ... Expatica - Spanish Focus Headlines

Merkel, Sarkozy meet over eurozone crisis - Europe News By XinhuaNET.COM In addressing the gala meeting, Merkel expressed her full confidence that Europeancountries would get out of the current eurozone debts crisis by its own efforts. English.news.cn 2011-10-20 06:39:54 FeedbackPrintRSS. FRANKFURT,Oct. ... Siam Daily News Online

NewsDaily: Euro zone rates on hold as guard changes By Sakari Suoninen Euro zone interest rates will very likely remain on hold next week as the EuropeanCentral Bank navigates the transition to new leadership, with an anti-crisis plan forged byEU leaders taking some heat off monetary policymakers. ... NewsDaily: Your best source for breaking news ... NewsDaily: Top Headlines

ekathimerini.com | Obama looks forward to implementation of euro ... Lambrinidis said the EU deal with private banks and insurers to slash Greece's debt burden and try to contain the two-year-old euro zone crisis was an important step in the right direction. "Yesterday a new leaf was turned in Europe and I think ... ekathimerini.com : Latest News

Sulik Says “Told You So!” on Eurozone Crisis | The Daily News ... By John Boyd Following the sudden shift of eurozone countries in how to deal with the Greek debtcrisis and the bailout funds, it was clearly not going to be long before the Freedom and Solidarity party (SaS) pointed to how it had supported some of these ... At a press conference today, head of the SaS party Richard Sulik said that the moves adopted by heads of state at the euro summit in Brussels essentially means the controlled bankruptcy of Greece, confirming that his party's stance to the issue ... The Daily News - Slovakia

XE.com - Euro zone bonds possible long term - ECB's Knot The ECB's current bond-buying programme to handle Europe's debt crisis poses a risk to fiscal discipline in the euro zone, said Knot, who is also president of the Dutch central bank, in a speech published on the central bank's Web site. ... XE Forex News

Debt crisis: live - Telegraph 17.00 More reaction on the eurozone debt crisis 'outline' deal. ... on Thursday to newsof the European leaders' plans to resolve the debt crisis, there is a degree ... www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html

G20 divisions over IMF's role in euro zone crisis | euronews, world ... world news - Should the IMF be strengthened to fight Europe's debtcrisis? At a G20 meeting in Paris, most of the leading emerging market... www.euronews.net/.../g20-divisions-over-imf-s-role-in-euro-z...

Euro zone summit stalls on banks - Yahoo! News Read 'Euro zone summit stalls on banks' on Yahoo! News. BRUSSELS (Reuters) - Negotiations with Greece's private creditors on a second rescue package for ... news.yahoo.com/conclusive-deal-euro-zone-crisis-looks-elusiv...

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...

Conclusive summit deal on euro zone crisis looks elusive | Reuters ... for a comprehensive deal to resolve the euro zone debt crisis at a summit on Wednesday ... Hackers threaten Fox News over Occupy Wall Street coverage ... www.reuters.com/.../us-eurozone-idUSTRE79I0IC20111025

Eurozone crisis: banks agree 50% reduction on Greece's debt ... Europe's leaders are claiming a victory in the eurozone crisis after agreeing new deals ... Athens will be handed a new €100bn bailout early... www.guardian.co.uk/world/.../eurozone-crisis-banks-50-greec...

EU bogged down in euro crisis — 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 ... rt.com/news/eu-crisis-greece-meeting-719/

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...

Conclusive summit deal on euro zone crisis looks elusive By Luke Baker BRUSSELS, Oct 26 (Reuters) - Prospects for a comprehensive deal to resolve the euro zone debt crisis at a summit on Wednesday look dim, ... www.reuters.com/.../10/.../eurozone-idUSLDE79O03J201110...

Analysts' view: EU summit deal on euro zone crisis (Reuters) - Euro zone leaders said on Thursday they had reached agreement after ... It's great news that they've managed to increase the bail-out fund to 1 ... www.reuters.com/.../us-eurozone-analystsview-idUSTRE79Q0...

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