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Oct 29, 2011

EUROZONE Crisis News, Oct 29, 2011


Emerging Mkts Push For Greater ECB Role In EU Debt Crisis -Officials
Wall Street Journal
By Ian Talley Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Emerging markets are unlikely to contribute cash to help bail out Europe without a stronger commitment that the European Central Bank will be used to contain theeuro-zone debt crisis, ...
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Europe must do more on euro zone crisis: Japan PM
Reuters
LONDON (Reuters) - Japanese Prime Minister Yoshihiko Noda was quoted by the Financial Times on Saturday as saying he would like to see even greater efforts by Europe to "ease (euro-zone) crisis worries by creating a stronger and more detailed approach. ...
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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 ...
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Bloomberg
China to the rescue?
The Economist (blog)
News that Nicolas Sarkozy, the French president, called Hu Jintao, his opposite number in China, after the crisis summit on October 27 th sparked speculation that China might put substantial amounts of money into the debt of troubled euro-zone...
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Nationalists emboldened by EU crisis, debt pact
The Associated Press
"Ongoing crises could turn people against the EU. But closer integration is going to be unpopular, too," he said. Poland and the Czech Republic have postponed plans to join the euro. Voters in Denmark and Sweden have previously rejected the euroand ...
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Sensex surges 515 pts on hope of end to Euro zone crisis
Hindu Business Line
Finally, the resolve shown by the EU leaders to find a solution to theEuro zone debt crisis buoyed markets worldwide. The Sensex price to earning (PE) ratio has climbed to 18.96. Higher PE ratio generally indicates that investors are paying more or ...
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Hindu Business Line
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 the EU could ...
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EU summit: Angela Merkel's fears and tears over debt crisis andeurozone bailout
Daily Mail
Hence her hysterically panicky, historically illiterate and downright daft warnings that if the euro fails, then Europe itself is lost. These warnings, which the Chancellor has been repeating in increasingly shrill tones as the eurozone crisis has got ...
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Daily Mail
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. ...
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Euro zone sovereign debt crisis not over: ECB President Jean-Claude Trichet
Economic Times
BERLIN: European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published on Sunday that the euro zonesovereign debt crisis was not yet over and that it was too early for the all-clear signal. ...
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EU crisis has defined shape of things to come
Irish Times
In the Bundestag, however, speaker after speaker insisted, in the wake of their recent constitutional court ruling, that every new financial commitment Germany makes to save the euro zone must be debated and agreed “here, in the German Bundestag” (hier ...
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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'seuro zone crisis summit, an earlier-than-usual release of ECB bond-buying data showed on Friday. ...
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Europe's debt crisis strategy suffers setback
Economic Times
The court decision comes a day after the leaders of the EU at an emergency summit in Brussels reached a deal on a three-pronged strategy to resolve the 18-month old euro zone sovereign debt crisis, including a plan to leverage the credit guarantee ...
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Treasurys Rally After Selloff But Bonds Post Weekly Losses
Wall Street Journal
Some traders cautioned that implementation of such a grand design could be difficult, especially wooing private investors and sovereign-wealth funds to contribute to the euro zone's crisis-fighting capacity. "It was a short-lived bright spot," said...
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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 ...
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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 ...
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Debt crisis optimism tinged by doubt over Italy, Greece
Vancouver Sun
A deal struck by euro zone leaders on Thursday to contain the region's dangerous debt crisis was greeted sceptically in the two countries most in the firing line, Greece and Italy, with some saying politicians were dreaming. ...
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Eurozone Euphoria over, TSX posts gain
Montreal Gazette
Analyst Colin Cieszynski of CMC Markets points out that a couple of months ago, the big gains that came Thursday after the eurozone leaders announced their plan to deal with the debt crisis, would have been followed Friday by an equally big drop....
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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 ...
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Reuters
Crisis writedowns and VFM impact bring BOV profits down to €64 million from ...
Malta Independent Online
The stress tests carried out by the European Banking Association did not do much to confirm the validity of the banks in the eurozone. On the contrary, they showed that the banks most impacted by the Greek crisis were banks in France and Germany. ...
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Existential Blackmail
Barron's
Little is certain, except that anyone who thinks the Europeans are serious about the so-called debt crisis isn't reading the newspapers with a skeptical eye. "We all have a sense that the crisis in the euro zone is reaching very worrisome levels," said ...
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Piccadilly Pulse: Should we remain in the EU? – 29/10/2011
Mancunian Matters
By Melanie Hughes The Eurozone crisis has sparked mass debates all over the world and after a long night during the week the most powerful leaders in Europe decided on the way forward. The countries currently in the Euro have joined together to unite ...
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Mancunian Matters
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 debtcrisis, ...
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Now That Greece Is “Fixed,” Portugal Is Next
The New American
That is the root of the EMU [European Monetary Union] crisis. A toxic mix of fiscal tightening, higher debt costs, and now the threat of a Eurozone recession risks tipping them over the edge. The immediate impact of Greece's default is that investors ...
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Stocks Post Week Gain on EU Deal and Economic Data (AAPL, AMZN, BA, BAC, CAT ...
TradersHuddle.com
Weston, October 29 th (Tradershuddle.com) – Stocks jumped for the week after participants cheered a debt deal struck in the euro zone designed to tackle the region's debt crisis that even though details remain sketchy provided much needed relief to the ...
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Obama calls for 'firewall' to contain eurozone crisis | News & Current ...
By Syndicated News Feed
LONDON (AFP) – US President Barack Obama wants Europe to create a “firewall” as part of its plans to contain the eurozone debt crisis, he said in a Financial Timesnewspaper article published on Friday. “This week, our European allies ...
News & Current Events
Nationalists emboldened by EU crisis, debt pact | The Associated ...
By The Associated Press
This week's debt deal for Europe doubles down on the concept of Europeanintegration, and could provide further ammunition for the nationalist movements that have been gaining in popularity partly as a reaction to the idea of a single Europe.... A poll published Monday by The Guardian newspaper found that 70 percent of respondents wanted a referendum on UK membership in the EU; 49 percent said they would vote to withdraw, 40 percent said they would vote to stay in and the ...
Examiner RSS
Polish Prime Minister Donald Tusk, German PMs discuss euro crisis ...
By XinhuaNET.COM
Polish, German PMs discuss euro crisis over phone. Poland's Prime Minister Donald Tusk on Friday talked over the phone with German Chancellor Angela Merkel on the euro zone crisis ahead of the forthcoming EU summit. Konrad Niklewicz ...
Siam Daily News Online
Eurozone crisis: Sarkozy says Greece was not ready to join euro ...
By THEUNHIVEDMIND
http://www.guardian.co.uk/business/2011/oct/27/eurozone-crisis-sarkozy-greece-euro. Nicolas Sarkozy threatened to take the shine off a day of jubilation in financial markets at a deal to rescue the eurozone when he said it had been an “error” ...
THE UNHIVED MIND
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 by EU leaders taking some heat off monetary policymakers. ... NewsDaily: Your best source for breaking news ...
NewsDaily: Top Headlines
Gold Futures Rally on Euro Zone's Debt Solution | Gold and Oil News
By Rehan
Gold futures gained on Thursday in reaction to development over solution for theeuro zone's debt crisis. Investors were optimistic for the precious metal after thenews that European Union leaders finally came with a bailout figure to tackle the ...
Live Wire - Financial Blog -...
Activist Post: Obama calls for 'firewall' to contain eurozone crisis
By Activist
AFP LONDON (AFP) - US President Barack Obama wants Europe to create a "firewall" as part of its plans to contain the eurozone debt crisis, he said in a Financial Times newspaper article published on Friday. "This week, our Europeanallies ...
Activist Post
Alan Greenspan Thinks US has Exposure to Euro Zone Crisis
By Chris Seabury
Alan Greenspan believes that the odds of a recession in the US are increasing because of its close relationship with the EU, despite improving numbers.
IRA.com
Stronger yuan, higher labor costs, eurozone threaten China's ...
By Jack Crooks
Bank of Canada governor Mark Carney said the euro-zone crisis poses the biggest risk to Canada's economy; and it could take years to fully play out. But that's one reason why he just announced the BOC has lowered the growth targets from ...
Money and Markets
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 tonews of the European leaders' plans to resolve the debt crisis, there is a degree...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
Germany dampens euro zone crisis hopes | euronews, economy
economy - Germany's has lowered expectations of a breakthrough in the euro zone's sovereign debt crisis at next weekend's summit of ...
www.euronews.net/.../germany-dampens-euro-zone-crisis-hop...
Eurozone crisis: Sarkozy says Greece was not ready to join euro ...
French president's remarks highlight the challenge European leaders face in ...Eurozone crisis: Sarkozy says Greece was not ready to join euro ..... Zeitgeist is an experiment in showing trending news, topics and articles from the Guardian. ...
www.guardian.co.uk/.../eurozone-crisis-sarkozy-greece-euro
Europe Struggles for Crisis Cure Ahead of Summit - Bloomberg
Brookings' Lombardi on European Debt Crisis, EU Summit, Oct. 24 .... must be of the “highest quality,” according to the document obtained by Bloomberg News. ...
www.bloomberg.com/.../europe-struggles-for-remedy-to-euro...
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 debtcrisis at 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
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/
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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