Today: EUROZONE Crisis News, Oct 30, 2011

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Oct 30, 2011

EUROZONE Crisis News, Oct 30, 2011


Commentary says China not a "savior" for Europe
Reuters
But comments from Chinese economists and in state media have also revealed anxieties about the security of euro assets. Expanding the European Financial Stability Facility (EFSF) to 1 trillion euros is key to the euro zone's latest anti-crisisplan, ...
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Europe agrees to 1 trillion euro fund for new bailout plan
Business Today
European leaders agreed to increase the eurozone's main bailout fund to one trillion euros as part of a package of measures to stave offEurope's spiralling debt crisis. "The eurozone has adopted a credible and ambitious response to the debt crisis," ...
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Business Today
Euro zone crisis to dominate G20
Business Standard
On the euro zone package, he said, India welcomed the realism that is built into the parameters laid down for Greece. “If debt reduction is not enough, Greece will need EU-IMF relief package that will also be supported.” The euro zone problem was also ...
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Business Standard
Eurozone extremes spell disaster for British economy – but we needEurope
The Guardian
Economic openness is the glue that binds the EU together and it is the solution to the crisis of European competitiveness that long predates the current strife. Europe's populations are ageing, our productivity is low, and the world's powerhouses ...
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The Guardian
Portugal, Spain urge G20 members to help ease crisis
Reuters
Europe's debt crisis looks set to dominate the summit of Group of 20 leading economies in France from Nov. 3-4. The gathering in Cannes will take place a week after euro zone leaders reached a deal to recapitalize their banks, boost the firepower of a ...
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Eurozone Rescue Plan: Lessons From Argentina's Currency Crisis
Seeking Alpha
Markets seemed to like the euro debt crisis solution on Thursday, not so much on Friday. You can find news and discussion of the plan everywhere. I liked Salmon's takes here and here. Like many others I'm skeptical that it will work. ...
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Investing: Bargain-hunting investors might find gains in Europe
The News-Press
Or 1999, when the euro launched. Or since Thursday, when the 17 nations of theeurozone came to an agreement on how to handle the Greek debt crisis. But rather than focus on Europe's potential, it may be best to focus on Europe's bargains, ...
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EU debt woes to last 'two or three years'
AFP
Regling's remarks suggest Europe still faces a long road to recovery from its sovereign-debt crisis, even after a summit of European Union leaders this week set a new course to address the debacle, Dow Jones Newswires reported. "I think the European ...
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AFP
Europe seeks US, China quid pro quo at G20
Economic Times
"We welcome the important decisions... by the European Union which lay a critical foundation for a comprehensive solution to the eurozone crisis," US President Barack Obama said of the accord. "We look forward to the full development and rapid ...
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All eyes on Draghi as he takes ECB helm
AFP
FRANKFURT — All eyes will be on Italy's Mario Draghi next week as he takes the helm of the European Central Bank just days after Europeanleaders hammered out a deal to solve the eurozone debt crisis. The 64-year-old former Goldman Sachs banker ...
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AFP
Europe's leaders look to US and China to support crisis deal
The Independent
Following talks between Portuguese and Mexican leaders at the Ibero-American summit in Paraguay, a Portuguese source said: "The crisis isn't in the euro zone. It is a systemic and global crisis and we hope that other big G20 countries intervene. ...
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Weekly Market Recap: Eurozone Bailout Progresses, Amazon Scares Investors
Zimbabwe Guardian
1) Europe. Fears thаt European policy makers won't act tο stem thе sovereign debtcrisis frοm spreading throughout thе province hаνе investors fearful fοr thе future οf thе global economy. Yesterday, euro-zone leaders сhοѕе againstrestructuring Greek ...
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Eurozone bailout fund
Daily Star Online
The dust has yet to settle on how the EU is going to resolve the Eurozone debt crisis. French President Nicolas Sarkozy, on a rare Television appearance stated clearly that admitting Greece to the Eurozone in 2001 was a mistake to begin with and that ...
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World needs a game changer
Korea Times
A noted global economist and investment strategist said that in order to address the fundamental problem in Europe and build confidence in markets, global leaders should find a workable solution. “The Eurozonedebt crisis continues to deepen with ...
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Korea Times
Duncan Hamilton: Scotland cannot embrace Europe without independence
Scotland on Sunday
That tone has even maintained throughout the current Euro crisis. Yes, there is a realisation that if the Eurozone goes down, the UK goes with it. But equally, there is an unmistakable schadenfreude. Yes, those who doubted the creation of a single ...
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Portugal seeks US aid in crisis
Oman Tribune
Europe has said the EFSF may be expanded either by offering insurance to buyers ofeuro zone debt in the primary market, or via a new special purpose investment vehicle that it hopes would draw funds from China and Brazil, among other countries. ...
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Prime Minister Harper is 'cautiously optimistic' about EU deal
Montreal Gazette
Early Thursday, European leaders came to an agreement to deal with the euro zone crisis. The deal requires banks to have more capital on hand, increases a bailout fund ifEuropean nations run into financial trouble, and per-suades banks with Greek ...
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Sectoral indices jump on EU news, profits
BusinessWorld Online Edition
ALL SECTORS advanced last week as confidence rose after euro zone leaders approved a plan to address a crippling debt crisis and amid indications of healthy corporate earnings in the third quarter. “The subindices -- services and financial mainly...
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Nationalists emboldened by EU crisis, debt pact
NDTV.com
But success means deepening integration of economic policies in the eurozone core, transferring power from the national governments to the European level. That would provide further ammunition to the nationalist groups who say Europe's elites are ...
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Grim outlook – can Europe avoid recession?
Malta Independent Online
Studies reveal that a serious lack of central monitoring in Brussels has resulted in some countries straying from the requirements of the Stability and Growth Pact, thus undermining their own position and that of the eurozone. Now that the crisis is ...
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Lessons for Nigeria, W/Africa from Euro crisis, by CBN Gov
Vanguard
He said, “As a region, we must be prepared for the spill over of the Euro zone crisis on our economies and financial systems. In many EU countries, spill over risks from the financial and economic woes in the Euro area periphery have intensified and ...
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EU ARE A BIG BULLY, DAVID
Daily Star
You've got a deepening euro crisis abroad and new demands for bail-outs. And then, just to top all that, you go and create another mess all by yourself within your own party, over that old Tory sticking point – our place in Europe. ...
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Commodity prices jump on global market after EU debt deal
Business Recorder (blog)
Commodity prices rallied this week after a breakthrough deal to try and resolve theeurozone debt crisis helped ease stubborn concerns that it could spark a new global recession. "The decisions at the EU summit early Thursday led to a rise in risk ...
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Planning in good days paid off in crisis
The National
Euro Zone The National charts Europe's struggles as it attempts to through of financial crisis. Learn more While there is business optimism across the UAE and much of the Gulf, there remains caution, given questions about financial stability in Europe ...
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The National
Trading Week Outlook: October 31 - November 4, 2011
Seeking Alpha
EUR- G20 Meeting of finance ministers and central bankers of the world's twenty most industrialized nations, Thurs., Nov. 3 and Fri., Nov. 4, all day events. Scheduled to serve as another deadline to work out more details of the EU debt crisis-fighting ...
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The euro-zone crisis: China to the rescue? | The Economist
The euro-zone crisis. China to the rescue? Oct 29th 2011, 12:34 by A.P. | LONDON. Tweet. IT WAS only a matter of time before China was heralded as Europe's escape route from its debt crisis. News that Nicolas Sarkozy, the French president ...
Free exchange
The Euro Crisis Is Far From Over | TPMDC
By Brian Beutler
“We welcome the important decisions made last night by the European Union which lay a critical foundation for a comprehensive solution to the Eurozone crisis,” Obama said. “We look forward to the full development and rapid implementation ...
TPMDC
NewsDaily: Portugal wants U.S. help in euro crisis: source
Portugal asked Mexico on Saturday to tell fellow G20 members next week that the United States should offer "financial help" to resolve the euro zone sovereign debt crisis, describing it as a "systemic and global" problem, a Portuguese government source said. ... Portugal is suffering a deepening recession as it implements painful austerity measures under a 78-billion-euro ($110.3-billion) EU/IMF bailout. (Reporting by Guido Nejamkis; Writing by Helen Popper; Editing by Paul Simao) ...
NewsDaily: Business Headlines
Nationalists emboldened by EU crisis, debt pact - seattlepi.com
In order to back the investment in the euro, leaders in the eurozone have advocated a deepening integration of economic policies, transferring power from the national governments to the European level. Tilford said it's not impossible that ...
Business Heds Index
Opinions and News on the Eurozone Crisis, No. 34 - American Future
By Marc Schulman
“Japan urges more action on euro crisis” –Japan's new prime minister has signalled his country will contribute to the eurozone's revamped bail-out fund, but called on EUleaders to make “even greater efforts” to resolve their sovereign debt ...
AMERICAN FUTURE
Eurozone Bailout Deal: Hold the Cheers | War Is A Crime .org
By Stephen Lendman
Rage across hundreds of US and European cities hastens their day of reckoning. Hopefully it's coming soon. Nemesis will decide, but won't announce it. Pledging an "ambitious and comprehensive" debt crisis solution, Eurozone leaders sold ...
War Is A Crime .org
read more - The Palgrave Econolog - story details
By Republished content
... Big Picture on Fri 28th Oct 11. EU Banks Must Raise CapitalThe Wall Street JournalEuropean Banks Look to Reassure on Capital NeedsEuropes banks sought to reassure investors Thursday that they wont tap them for fresh capital needed under a 106 billion recapitalization plan designed to make ... IN THE wee hours, euro-zone leaders put together a deal to try and arrest the crisis disrupting their economies:The result was better than some had dared hope. Just a week earlier the ...
The Palgrave Econolog - latest...
Lessons for Nigeria, W/Africa from Euro crisis, by CBN Gov
By Nnamdiojiego
He said, “As a region, we must be prepared for the spill over of the Euro zone crisis on our economies and financial systems. In many EU countries, spill over risks from the financial and economic woes in the Euro area periphery have ...
Vanguard News
Opinio Juris » Blog Archive » German Constitutional Court Issues ...
By Kenneth Anderson
A third, and perhaps the most intriguing from the point of view of EU governance theory, is to see the German court as acting (in its several holdings, not just this one) for the long-term interest of the EU and the eurozone itself. Forcing the European ... Martin Holterman made an interesting comment on an earlier post of mine about Europeangovernance in light of the eurozone crisis, suggesting that there wasn't really anything to see from a governance aspect. Meaning that although ...
Opinio Juris
Weekly Market Recap: Eurozone Bailout Progresses, Amazon ...
By Wall St. Cheat Sheet
Tuesday. 1) Europe. Fears that European policy makers won't act to stem the sovereign debt crisis from spreading throughout the region have investors fearful for the future of the global economy. Yesterday, euro-zone leaders decided ...
Wall St. Cheat Sheet
Eurozone crisis: Sarkozy says Greece was not ready to join euro ...
French president's remarks highlight the challenge European leaders face in trying to hold the currency together.
www.guardian.co.uk/.../eurozone-crisis-sarkozy-greece-euro
Debt crisis: live - Telegraph
21.40 Standard & Poor's has reiterated the AAA rating of the European Financial Stability .... 17.00 More reaction on the eurozone debt crisis 'outline' deal. ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
Analysts' view: EU summit deal on euro zone crisis - chicagotribune ...
(Reuters) - Euro zone leaders said on Thursday they had reached agreement after late-night talks on a comprehensive package of measures to tackle the euro ...
www.chicagotribune.com/.../sns-rt-us-eurozone-analystsviewtr...
Euro zone crisis meeting exposes tensions between EU members ...
Euro zone crisis meeting exposes tensions between EU members. 24th October 2011. Bookmark and Share. French President Nicolas Sarkozy told the UK's PM ...
www.wbj.pl/article-56624-euro-zone-crisis-meeting-exposes-t...
EU summit deal on eurozone debt crisis: Britain may become '2nd ...
At 3am GMT, after ten hours of talks in Brussels - and an astonishing 90 meetings - an agreement was reached with banks on a 50 per cent write-off of Greek ...
www.dailymail.co.uk/.../EU-summit-deal-eurozone-debt-crisis...
Analysts' view: EU summit deal on euro zone crisis | Reuters
(Reuters) - Euro zone leaders said on Thursday they had reached agreement after late-night talks on a comprehensive package of measures to tackle the euro ...
www.reuters.com/.../us-eurozone-analystsview-idUSTRE79Q0...
EU Debt Crisis: Euro Zone Fund May Draw on China, Brazil: Officials ...
The mostly likely method for leveraging the euro zone's bailout fund involves using it to provide bond insurance while combining its firepower with a special ...
www.cnbc.com/id/45006730
Euro zone crisis: Is the EU's political suicide the only solution ...
Independent specialised European Union affairs portal for EU policy professionals. Expert EU policy journalists follow a wide range of European legislation and ...
www.euractiv.com/.../euro-zone-crisis-eus-political-suicide-sol...
European leaders tackle debt at ...
European leaders meet Sunday for a crunch summit aimed at tackling the eurozone's spiralling debt crisis after warning lenders a day earlier to accept 50% ...
www.france24.com/.../20111023-eurozone-leaders-tackle-deb...
The Associated Press: Nationalists emboldened by EU crisis, debt pact
Nationalists emboldened by EU crisis, debt pact ... In order to back the investment in the euro, leaders in the eurozone have advocated a deepening integration ...
www.google.com/.../ALeqM5jz8uv-Bd2nMKWqxyF8UP8m3...

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