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Nov 1, 2011

EUROZONE Crisis News, Nov 01, 2011


Greek referendum threatens new euro zone crisis
Reuters
By Dina Kyriakidou and Harry Papachristou ATHENS, Nov 1 (Reuters) - Greek Prime Minister George Papandreou risks a new euro zone crisis with his shock announcement that he will put the bailout deal struck last week to try to contain the bloc's debt ...
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US will lack muscle at eurozone crisis meeting
Chicago Tribune
Publicly, the Treasury Department was supportive of the European plan. "We will continue to support the EU and our European allies in their efforts to address this crisisas we work together to sustain the global recovery and put our people back to ...
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Spotlight on Draghi's ECB debut as crisis escalates
Reuters
By Eva Kuehnen FRANKFURT (Reuters) - Mario Draghi faces a baptism of fire on his debut as ECB president and a highly-charged decision over escalating the bank's response to the deepening euro zone crisis. Greek Prime Minister George Papandreou's shock ...
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Reuters
Euro-Zone Storm May Sink U.K. Economy
Wall Street Journal
By RICHARD BARLEY There is never a good time for a sovereign-debt crisis. But for the UK, the intensification of the euro zone's problems comes at a particularly damaging time. Growth of 0.5% in the third quarter was above expectations but conceals ...
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How US fiscal hawks could threaten the global economy
Washington Post (blog)
The latest G-20 summit is happening this week in Cannes, where leaders are expected to focus on managing the euro zone crisis. But the economic slump in the United States is on the agenda as well, and some are already pushing their recommendations for ...
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Oil prices tumble on euro zone debt crisis
Reuters
By Christopher Johnson LONDON (Reuters) - Oil prices fell more than $3 per barrel on Tuesday after a decision by Greece to call a referendum over its debt bailout threw the euro zone into crisis and as data showed global economic activity was slowing ...
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Reuters
VEGOILS-Renewed euro zone fears drag on palm oil futures
Reuters
3-4 that will focus on the euro zone crisis. "For now, China's demand for soyoil stays more or less the same though imports are expected to be higher than the third quarter," he added. Palm, soy and crude oil prices at 1008 GMT Contract Month Last ...
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Giant US broker falls victim to euro zone debt crisis
Irish Times
THE HUGE US brokerage firm MF Global became the country's largest casualty of theeuro zone crisis yesterday when it filed for bankruptcy protection after making big bets on the European sovereign debt market. The futures broker, run by Jon Corzine, ...
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METALS-Copper drops on dollar, China, euro zone worries
Reuters Africa
MF GLOBAL Adding to worries about companies' exposure to the eurozone crisis, futures brokerage MF Global Holdings Ltd filed for bankruptcy protection after bad bets on euro zone debt. However, the impact of MF Global's bankruptcy filing, ...
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Arab world central bankers remain cautious after eurozone deal
Financial News
Central bankers from the Arab world said on Monday that last week's deal brokered by European leaders to address the eurozone's sovereign debtcrisis is insufficient and more steps are needed to strengthen Europe's financial system to shield the global ...
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Financial News
Commodities Spooked By Renewed EU Crisis and China PMI (GLD, GDX, SLV, SLW ...
TradersHuddle.com
New York, November 1st (TradersHuddle.com) – Commodities continued to slump for the second consecutive day on a stronger dollar and renewed concern about the impact on the global economy of a new euro zone crisis sparked by the Greek referendum. ...
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Italy's Berlusconi vows reform, opposition demands new govt
Reuters
By James Mackenzie ROME, Nov 1 (Reuters) - Prime Minister Silvio Berlusconi repeated promises of economic reform on Tuesday as Italian bonds came under renewed attack in the euro zone crisis and the centre-left opposition asked the president to name a ...
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N.Sea Brent tumbles as euro zone crisis deepens
Reuters Africa
LONDON Nov 1 (Reuters) - North Sea Brent crude oil futures LCOc1 fell more than $3 per barrel on Tuesday on worries the euro zone debt crisis would escalate out of control after the shock announcement that Greece would hold a referendum on its bailout ...
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Dollar rises on yen intervention and euro-zone crisis fears
Forex Pros
The dollar rose strongly on Monday as a mixture of market intervention by the Japanese authorities and euro-zone debt jitters increased demand for the safe-haven buck. The dollar-yen pair rose over 4 percent in the morning as Japan sold trillions of ...
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Leading article: We need rational debate on the EU, not hysteria
The Independent
Fuelled by hysteria over the eurozone crisis, easy clichés about costly red tape, sclerotic bureaucracy and emasculated democracy are gaining ground, reducing the entire European project to nothing more than an affront to British self-determination and...
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UK hankers for life outside EU as crisis bites
Chicago Tribune
Alarm over the eurozone debt crisis has driven hostility to the European Union to new heights in the United Kingdom, where voters in the rural heartlands are increasingly ready to say they want to leave the 27-nation bloc. Shop worker Jenny Davis, 55, ...
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Euro-zone debt crisis making UK recovery harder: George Osborne
Economic Times
LONDON: Britain's economy faces a difficult path to recovery and the euro zone debtcrisis will make it tougher, finance minister George Osborne said on Tuesday after figures showed the economy expanded by more than expected in the third quarter. ...
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India overnight indexed swap rates end down on fears euro crisis may worsen
Economic Times
MUMBAI: India's overnight indexed swap rates ended lower for a second consecutive session on Tuesday as fresh fears over euro zone crisis kept investors away from risky assets. The benchmark five-year swap rate ended 9 basis points lower on the day at ...
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Obama to focus on euro woes at G20 summit
DAWN.com
Obama has pressed behind the scenes for a strong European response to a regional debt crisis which threatens to spiral into global financial contagion, and despite some market doubts, welcomed an EU debt accord last week. ...
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DAWN.com
Eurozone crisis: live blog
FT.com (blog)
George Papandreou, the Greek prime minister, caused a major surprise on Monday night and re-opened the eurozone sovereign debt crisis when he announced a public referendum to approve the second bail-out thrashed out last week by European leaders....
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Factbox: Euro zone debt crisis acronyms explained
Reuters
The Basel Accords are mainly implemented in the European Union via this law. * EFSF:European Financial Stability Facility. This is a Luxembourg-registered rescue fund backed by guarantees from euro zone countries for a total of 780 billion euros. ...
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UK economy: live Q&A
The Guardian (blog)
Larry Elliott will be online from 2.30pm to 4pm to answer your questions on the UK economy and the eurozone crisis. Who is right, Osborne or Balls? Or are both wrong in focusing on growth? Can the eurozone get it right? Post your question below A high ...
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The Guardian (blog)
PRECIOUS-Gold steady on euro zone fear; firm dollar weighs
Reuters
... adds details) By Rujun Shen SINGAPORE, Nov 1 (Reuters) - Spot gold was steady on Tuesday, supported by safe-haven demand on resurfacing uncertainty over the euro zone's efforts to resolve its debt crisis, while a strong dollar weighed down prices. ...
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Germany—Admitting the Reality
theTrumpet.com
And now, amid the greatest crisis the EU has ever experienced, the German Constitutional Court has slapped a temporary injunction on the German committee convened to speed the process of German contributions to the European Financial Stability Facility ...
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COMMODITIES-Crude, copper drop on EU worries, China data
Reuters Africa
By Jane Lee KUALA LUMPUR, Nov 1 (Reuters) - Crude oil and copper prices slipped as the collapse of MF Global Holdings heightened concerns that the euro zone crisis was far from over, while data showing a slowdown in China's factory activity also ...
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XE.com - N.Sea Brent tumbles as euro zone crisis deepens
North Sea Brent crude oil futures fell more than $3 per barrel on Tuesday on worries theeuro zone debt crisis would escalate out of control after the shock announcement that Greece would hold a referendum on its bailout package.
XE Forex News
Opinions and News on the Eurozone Crisis, No. - American Future
By Marc Schulman
Opinions and News on the Eurozone Crisis, No. 35 ... The information available for Q3 suggests this pattern of weakening continued mid-year, against a background marked by the worsening euro area sovereign debt crisis. Estimates made ...
AMERICAN FUTURE
Greek referendum deepens eurozone crisis | Economy | News ...
The FTSEurofirst 300 index of top European shares was down 3.3%, due not only to the possibility of a disorderly Greek default but chaos surrounding the eurozone's attempts to stop the debt crisis spreading to more significant economies ...
FP Top Stories List
Greek Referendum Threatens New Euro Zone Crisis - Prison Planet
By admin
Greek Prime Minister George Papandreou risks a new euro zone crisis with his shock announcement that he will put the bailout deal struck last week to try to contain the bloc's debt mountain to a referendum of voters already angry at harsh ...
Prison Planet.com
Greece referendum threatens new eurozone crisis - Business - Mail ...
George Papandreou's shock announcement that he will put Greece's bailout to a referendum has threatened to intensify the eurozone crisis. ... THE SMART NEWSSOURCE | Nov 01 2011 14:44 | LAST UPDATED Nov 01 2011 14:44 ... Analysts were divided over whether Greek voters would accept the deal, but agreed that a damaging month or two of market volatility lay ahead while pollsters repeatedly took the Greek voters' pulse and European leaders looked on nervously. ...
Mail & Guardian News Feed
Eurozone crisis: live blog | The World | International affairs blog from ...
By John Aglionby
Welcome to the FT's live blog on the eurozone crisis. Curated by John Aglionby and Orla Ryan on the world news desk with contributions from correspondents around the world. This post will update every few minutes though it may take longer ...
The World
Greece promises a referendum on EU proposals | BNN-NEWS.COM
By BNN
Baltic newsNews from Latvia, BNN.LV, BNN-NEWS.COM Greece is to hold a referendum on the new European Union's (EU) rescue package, which is aimed at solving the country's debt crisis, points out the Greek Prime Minister George ...
BNN-NEWS.COM
Bonjour Paris - France News: France Labor Strikes, Orsay Museum ...
France news: Air France and SNCF labor strikes; Greece debt bailout; Saif al-Islam Gaddafi told to surrender; Musee d'Orsay reopened. Subscribe for news and 7200+ travel... The euro and the eurozone crisis. The past week was about the ...
BonjourParis.com
Euro Zone Worries Spark Huge Sell-Off in Early Trading | Stock ...
By edliston
Fresh worries about the euro zone debt crisis have sparked a huge sell-off in U.S. equity market in early trading today. All three major indexes have fallen.
Stock Market News
Greek Referendum On Bailout Threatens New Euro Zone Crisis ...
By Bearded Wiseman
He remarked that there are more Porsche Cayennes registered in Greece than taxpayers declaring an income of 50 000 euros or more. Clearly Greeks aren't fans of paying tax. ...Greek Referendum On Bailout Threatens New Euro Zone Crisis. Nov 01, 2011; Bearded Wiseman · Greek Referendum On Bailout ... the eurozone and the euro? Clearly there is dissent amongst the ranks with conservative newspaper, Kathimerini, stating the obvious this morning: More uncertainty is the last ...
2oceansvibe.com - Work is a sideline,...
Greek referendum deepens euro zone crisis - World news - Europe ...
The leaders of France and Germany scrambled on Tuesday to limit damage after Prime Minister George Papandreou decided to let Greeks vote on a bailout ...
www.msnbc.msn.com/id/45114513/ns/world_news-europe/
Debt crisis: live - Telegraph
Markets drop as eurozone debt deal thrown into doubt by Greece's shock decision to ...14.05 To go with Bruno's report below, Channel 4 News economics editor .... On George Osborne's comment that the euro crisis is dragging Britain down, ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
Europe must do more on euro zone crisis: Japan PM - Yahoo! News
Read 'Europe must do more on euro zone crisis: Japan PM' on Yahoo! News. LONDON (Reuters) - Japanese Prime Minister Yoshihiko Noda was quoted by the ...
news.yahoo.com/europe-must-more-euro-zone-crisis-japan-p...
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...
The euro-zone crisis: China to the rescue? | The Economist
Then again, we have been here many times before during the euro-zone saga. You can trace the growing seriousness of the crisis by the list of countries that ...
www.economist.com/blogs/freeexchange/.../euro-zone-crisis-4
Greek referendum threatens new euro zone crisis
By Dina Kyriakidou and Harry Papachristou ATHENS, Nov 1 (Reuters) - Greek Prime Minister George Papandreou has threatened the euro zone with a new crisis ...
www.reuters.com/.../greece-referendum-idUSL5E7M1001201...
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...
Greek Referendum Deepens Euro Zone Crisis | Fox Business
Fox News Digital Network: Fox News · Fox Business · Small Business Center · Fox ..."The summit last week was to deal with the uncertainty in the euro zone... and ...chaos surrounding the euro zone's attempts to stop the debt crisis spreading ...
www.foxbusiness.com/.../greek-referendum-deepens-euro-zon...
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...

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