Today: EUROZONE Debt Crisis News, Oct 24, 2011

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Oct 24, 2011

EUROZONE Debt Crisis News, Oct 24, 2011


EU leaders agree on a strategy to deal with eurozone debt
Economic Times
BERLIN: European Union leaders have reached an agreement on the broad outline of a comprehensive strategy to resolve the euro-zone debt crisis, including a substantial write-down of Greece's debts. The leaders of the 27 EU nations attended a crisis ...
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Eurozone split over Chinese help in debt crisis
AFP
The possibility of asking for China, Brazil and others to come to their rescue emerged at a summit on Sunday as European leaders scrambled to find ways to boost their defences against the crisis. The eurozone wants to beef up its 440-billion-euro ...
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AFP
David Cameron: eurozone crisis is an 'opportunity to advance UK national interest'
Telegraph.co.uk
Although British taxpayers' money will not be used for the new multi-trillion euro bail-out, it is expected to require a rewriting of EU treaties, which needs Britain's backing and may prompt a referendum in this country. "Treaty change can only happen ...
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Kenny optimistic deal can be agreed
Irish Times
IRISH REACTION: TAOISEACH ENDA Kenny last night said he was increasingly optimistic thatEuropean leaders can broker a comprehensive deal to remedy the euro zone crisis. As he left theEuropean Council building last night, after 12 hours of discussions ...
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IMF's Lagarde: Progress made in crisis talks, more work to do
Reuters
Euro zone leaders are trying to come up with a three part plan to resolve the crisis, involving a recapitalisation of European banks, a scaling up of the 440-billion-euro euro zone bailout fund, and moves to lighten Greece's debt burden by having ...
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EU Aims To Fast-Track Growth Proposals By Year-End
Wall Street Journal
With EU heads of state and government in crucial talks in Brussels to try to find a way to resolve the the euro-zone's deepening crisis, commission President Jose Manuel Barroso said growth will come from exploiting the single market, making the most ...
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European stocks seen up on China, EU summit hopes
Reuters
The euro stayed supported, and reversed earlier losses against the dollar that came on the back of light profit-taking from macro players, as markets clung to hopes thatEuropean policymakers were moving closer to stemming the region's debt crisis. ...
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Reuters
Bank's Broadbent warns of risks from eurozone fallout - report
Reuters UK
Broadbent believes the Bank of England's monetary policy could work "only to some extent," if the eurozone's sovereign debt crisis ended badly, the FT said. Broadbent likened the gathering euro crisis to the 2008-09 recession which was not prevented, ...
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Reuters UK
European shares extend rally on debt plan hopes
Reuters
LONDON (Reuters) - European shares rose in early trade on Monday, on optimism that policymakers were closer to an agreement on measures to tackle the euro zone sovereign debtcrisis, and after strong manufacturing data in China. ...
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European Stocks Open Higher
Wall Street Journal
By TOBY ANDERSON LONDON—European stocks opened higher Monday on rising confidence that substantial progress was made on resolving the region's debt crisis at the euro-zone meetings over the weekend, though an agreement isn't expected until at least ...
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FOREX-Euro resilient, pins hopes on EU deal
Reuters
Underscoring divisions between the region's countries on how to tackle the issue, France backed down in the face of implacable German opposition to demands to use unlimited European Central Bank funds to fight the deepening crisis. ...
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Amid Europe's Crisis Talks, a Diplomatic Spat
Wall Street Journal
The controversy surrounding Mr. Bini Smaghi comes at a delicate moment for the ECB, which is under pressure to expand its role in solving the European sovereign-debt crisis. Euro-zone leaders have pledged to come up with a complete solution to the ...
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Wealth monitor: EU debt crisis meet to influence markets
Economic Times
Markets, especially exports-driven businesses, are expected to remain under pressure and the outcome of the European Union summit to finalise a comprehensive package to tackle the euro-zone debt crisis will influence the broader markets. ...
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France seeks to sway German veto on ECB bailout role
Reuters
By Daniel Flynn and Julien Toyer BRUSSELS (Reuters) - France lobbied on Sunday to overcome German opposition to giving the European Central Bank a central role in bolstering the euro zone's bailout fund, arguing it was the only way to draw a definitive...
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Reuters
Japan, France agree to cooperate on tackling eurozone debt crisis
Mainichi Daily News
Fillon expressed hope that European leaders will ensure the credibility of the eurozone after EUsummit meetings to be held on Sunday and Wednesday, where a comprehensive plan to tackle the debt crisis is expected to be mapped out. ...
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EURO GOVT-Bunds edge lower after EU summit
Reuters
While details were unclear, euro zone officials said they planned to tackle the crisis by using the EFSF to provide partial guarantees to buyers of new Italian and Spanish bonds, while also creating a special purpose vehicle to attract funds from major ...
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Brent crude rises above $110 on EU optimism
Reuters
By Seng Li Peng SINGAPORE (Reuters) - Brent crude rose above $110 a barrel on Monday after European leaders made some progress over the weekend on a plan to fight the euro zone debt crisis, while manufacturing data from China also supported sentiment. ...
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Reuters
Crisis offers an ideal chance for EU reform
Daily Mail
The proposal – which could eventually lead to Brussels directing the economic policy of all 17 countries using the euro – is so profound that EU president Herman Van Rompuy believes it will require changes to the union's existing treaties. ...
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Daily Mail
PM Cameron: Euro crisis has chilling effect on UK
MarketWatch
By Polya Lesova LONDON (MarketWatch) -- British Prime Minister David Cameron called on euro-zone leaders Sunday to agree on a "comprehensive and credible" package of measures to tackle theeuro-zone sovereign debt crisis. "The crisis in the euro zone ...
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Wrangling continues in EU crisis talks
TVNZ
French President Nicolas Sarkozy backed down today in the face of implacable German opposition to demands to use unlimited European Central Bank funds to fight the euro zone's deepening sovereign debt crisis. European Union leaders wrangled for hours ...
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PM clashes with Sarkozy over euro
BBC News
Prime Minister David Cameron has clashed with French President Nicolas Sarkozy over the UK's involvement in discussions about the eurozone crisis. Mr Sarkozy believes the final talks on Wednesday should be limited to nations which actually use the euro ...
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BBC News
METALS-Copper gains on EU debt deal hopes, China data
Reuters Africa
* Shanghai copper up over 5 pct to high of 54280 yuan * London copper gains 2.9 pct * Euro zonemoves closer to debt crisis resolution * HSBC's China Flash PMI rose to 51.1 in October * EurozoneMarkit Mfg flash PMI, Oct; 0758 GMT (Updates prices, ...
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Morning Briefing: Market Reactions to EU Summit in Focus
Wall Street Journal (blog)
“The euro zone needs deep reconstruction and it would be unreasonable for Poland to join it now,” Rostowski said, quoted by the PAP news agency. POLAND: Calls for the Polish government to use the euro-zone debt crisis as an opportunity to reduce the ...
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EUROPEAN OPENING NEWS INCLUDING: Euro summit hit by new fears over Italian debt
Proactive Investors UK
Euro summit hit by new fears over Italian debt. (Sunday Times) There are fears Italy is being sucked into contagion from the Eurozone crisis, but is failing to take tough action. The Italian leader held a face-to-face meeting late Saturday with Merkel ...
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Optimism in Brussels after "progress"
RTE.ie
Taoiseach Enda Kenny has said he is more hopeful that EU leaders will be able to sign a comprehensive deal on the euro zone crisis. Taoiseach Enda Kenny has said he is more hopeful that EU leaders will be able to sign a comprehensive deal on the euro ...
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Coalition row over eurozone crisis
The Press Association
"Nick Clegg believes that the UK's national interest is best served by developing a reformed, competitive, open and productive European economy. That should be the focus of any future EUdiscussions." The vote threatens to reopen deep wounds within the ...
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Europe Stocks Seen Flat; EU Nears Crisis Deal
CNBC.com
In London, Members of Parliament are set to vote on whether the UK should hold a referendum on its membership of the European Union in light of the ongoing debtcrisis in the euro zone. All three leaders of the main parties have said they will vote ...
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CNBC.com
Fixing the eurozone
BBC News
The leaders of Germany and France set the date to deliver a solution to the eurozone crisis. There are no easy tasks but the French president and the German chancellor began the day by calling in the Italian leader Silvio Berlusconi. ...
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BBC News
Progress made on Eurozone Crisis « 98FM: Dublin's Best Music Mix
By Latest News
HERExxArray ( [0] => category-news-sport [1] => progress-made-on-eurozone-crisis ). Now is good .... The summit saw them reach a broad agreement on how to deal with the Eurozone crisis, which includes the expansion of the European Financial Stability Facility (EFSF) for nations in financial difficulty. They will return for a second summit on the issue on Wednesday. Arthur Beesley – Irish Times Europe Correspondent, says the dispute between France and Germany seems to have ...
98FM: Dublin's Best Music Mix
Even Qe Wont Help Britons if Euro Zone Crisis Intensify says Boe's ...
News. If euro zone crisis intensify, BoE wont be able to ease the pain despite increased money printing said BoE's Broadbent to FT; However he was quick to clarify that BoE not expecting the scenario to materialize as yet; He also said that ...
Live Forex news
Eurozone project: Is Germany financing southern Europe? — RT
By RT
European leaders have been holding crucial talks in Brussels aimed at resolving the region's debtcrisis and keeping another recession at bay. They are ... Go to main page News Eurozone project: Is Germany financing southern Europe? ...
News RSS : Today
Europe Stocks Seen Flat; Euro Zone Nears Crisis Deal - CNBC.com
News. Blog Posts. Videos. Current DateTime: 10:51:57 23 Oct 2011 LinksList Documentid: 39635451. Expiration DateTime: 10/23/2011 10:54:51 PM. Euro Zone Fund May Draw on China, Brazil: Officials 23 Oct 2011 · HSBC Flash PMI Points ...
CNBC Top News and Analysis
Stock markets on the bubble after EU summit cheer - Business - Mail ...
World markets rose and the euro rallied as investors reacted to the weekend's EU summit, where "good progress" on the sovereign debt crisis was made.
Mail & Guardian News Feed
Hope for euro deal, China growth spur stocks (Reuters) | Wall Street ...
By Yahoo! News: Business - European Economy
Monday, October 24th, 2011 | Posted by Yahoo! News: Business - European Economy. Hope foreuro deal, China growth spur stocks (Reuters). Share. A man walks past a stock quotation board outside a brokerage in Tokyo October 24, Reuters - World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China's economy may not be in as much danger as feared. Short URL: http://www.wallst.net/?p= ...
Wall Street Financial News
For European Leaders, The Way Forward On Debt Crisis Remains ...
By The Huffington Post News Team
BRUSSELS — True to form, European leaders on Sunday put off the tough decisions needed to save the continent from its debt crisis but promised that a comprehensive plan is still coming. As they ...That would spell disaster: Europe has rescued three small nations – Greece, Ireland and Portugal – but cannot afford to rescue Italy, the eurozone's third largest economy. Analysts say .....http://www.zerohedge.com/news/guest-post-european-financial-crisis-one-graphic-dominoes- debt ...
Europe on Huffington Post
XE.com - UPDATE 2-China urges EU to reach debt deal without delay
China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece. ... Home - Tools - News - UPDATE 2-China urges EU to reach debt deal without delay ...
XE Forex News
Euro crisis rescue deal takes shape | WA Business News
By dan.wilkie
However, this prompted an angry response from the 10 countries outside the euro area, led by Britain's David Cameron, who warned the response to the crisis risked marginalising the rest of theEU. "There is a danger ... that as this eurozone ...
WA Business News - Latest News
Eurozone rescue plan to lean on banks - The Local
Eurozone crisis talks in Brussels over the weekend took small steps towards agreement, it emerged on Monday morning, as negotiations continued to put details to Germany's parliament by the end of the day. ... The Local: Germany's news in English ... It seems increasingly certain that banks will have to accept a loss on Greek debts of up to 60 percent in return for at least €100 billion in recapitalisation, with a strengthening of the euro rescue fund via leveraging, while shielding the ...
The Local - Germany's news in English
Eurozone leaders refuse to boost rescue fund | BNN-NEWS.COM
By BNN
Boosting the European financial stability fund at the expense of loan guarantees by euro zonecountries is out of question, Herman Van Rompuy, President of the European Council, announced after the first day of the European Union summit in Brussels. ... Crude price has remained above 109 U.S. dollars per barrel. This is due to optimism that after the meeting this weekend policymakers will get closer to solving the eurozone's debt crisis, thereby easing the oil demand drop. World ...
BNN-NEWS.COM
Broad bailout agreement reached, crisis to be dealt with decisively ...
European Union leaders have reached an agreement on the broad outline of a comprehensive strategy to resolve the euro-zone debt crisis, including a substantial write-down of Greece's debts.
Firstpost
Euro zone crisis set to dominate G20 meeting in Paris - TrustLaw
LATEST NEWS: Euro zone crisis set to dominate G20 meeting in Paris · Berlusconi faces confidence vote; seen surviving for now · Ugandan officials charged ...
www.trust.org/.../euro-zone-crisis-set-to-dominate-g20-meetin...
Euro zone crisis dominates G20 Paris meeting
By Francesca Landini and Daniel Flynn PARIS | Fri Oct 14, 2011 6:27am EDT PARIS (Reuters) - Theeuro zone debt crisis will dominate a summit of G20 finance ...
www.tarkeen.net/.../10567-euro-zone-crisis-dominates-g20-pa...
SABC News .com - Euro-zone Crisis
SABC News .com - Euro-zone Crisis ... Check out the latest results from the Rugby World Cup · Click here to go to SABC News homepage · Feeds · Site map ...
www.sabc.co.za/news/tag/Euro-zone_Crisis
Arab stocks lacklustre on euro zone crisis, political turmoil
... feel pressure from the euro zone debt crisis and regional political uncertainty, ... National Insurance (bni) granted licence to operate in Doha Gulf Daily News ...
www.gulfbase.com/site/interface/NewsArchiveDetails.aspx?n...
WRVO: Merkel expects breakthrough on euro zone crisis ...
Merkel expects breakthrough on euro zone crisis Wednesday. (2011-10-22). German Chancellor Merkel delivers her speech during a farewell ceremony for ...
www.publicbroadcasting.net/.../Merkel.expects.breakthrough...

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