Today: EUROZONE Crisis News, Nov 02, 2011

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Nov 2, 2011

EUROZONE Crisis News, Nov 02, 2011


PRECIOUS-Gold rises on deepening euro zone crisis
Reuters
By Susan Thomas LONDON, Nov 2 (Reuters) - Gold firmed on Wednesday, helped by safe-haven demand as the euro zone troubles deepened and business surveys showed the severe impact the crisis had on manufacturing in the region. ...
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Crisis mounts around Italy's Berlusconi
Reuters
As the market turmoil has increased, threatening a wider euro zone crisis, the scandal-plagued Berlusconi has come under fire from all sides over his handling of the crisis. President Giorgio Napolitano issued a highly unusual statement late on Tuesday...
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Prime Minister on Euro zone crisis: Much more needs to be done
NDTV.com
The Prime Minister said much more needs to be done to combat the debt crisis despite measure of confidence being restored in the market after the twin summits of theEuropean Union and Eurozone a few days ago. Noting that the Eurozone is a historic...
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UK's Cameron: Need Proper Firewall To Stop Contagion In Euro-Zone Crisis
Wall Street Journal
LONDON (Dow Jones)--The euro-zone debt crisis needs to be dealt with quickly to limit contagion from the currency bloc, UK Prime Minister David Cameron said during the weekly parliamentary question time Wednesday. Cameron said that while some progress ...
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Eurozone crisis: Welcome to the job, Mr Draghi
The Guardian (blog)
A threat to the Greek bailout is suddenly a threat to the €106bn (£90bn) bank recapitalisation plan since eurozone banks would have deeper holes to fill if Greece were to exit the euro and default on most, or all, of its debt. ...
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The Guardian (blog)
Lenders make available $200 billlion amid Europe fears
Reuters
He called on G20 leaders to avoid domestic political positioning and warned that the world economy was "still wobbly on the edge right now" and could tip very quickly if momentum to tackle the euro zone crisis was not maintained. ...
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`EAC learning from Eurozone debt crisis`
IPPmedia
By Lusekelo Philemon East African Community (EAC) deputy secretary-general in-charge of planning and infrastructure Dr Enos Bukuku has said the bloc was learning from the Euro zone crisis, as it steadily progresses towards the single currency. ...
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Why Would China Want to Help Bail Out the Euro Zone?
TIME
The signs have been there for while, but the symbolism is especially potent now, in the few days between yet another euro-zone crisis summit, held in Brussels on Oct. 26, and the Nov. 3-4 G-20 summit in Cannes, France. The reason for choosing this as ...
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Henderson clients rattled by euro crisis
London South East
By Chris Vellacott p saw assets slip in the third quarter as the euro zone crisisspooked clients into withdrawing more money than analysts had expected, and warned volatility could last beyond the end of the year. In a trading statement on Wednesday,...
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Rand firmer as euro rallies
Fin24
It was trading at 11.0284 to the euro from 11.0126 before, and at 12.8177 against sterling from 12.8515 previously. RMB analysts said in their morning report that theeurozone crisis appeared to be back in full swing. "Markets have retreated this ...
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EU crisis to hit GCC SWFs: analyst
Emirates 24/7
“Despite the comprehensiveness of the euro crisis, its spillover effects and implications on the world's various countries and economic blocs vary, depending on the location of each economic bloc or country on the one hand, and their economic, ...
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Crisis deepens ahead of G-20 meeting
Livemint
“Interestingly, what the PMIs show is that the world economy was already weakening before the euro zone crisis was coming to a head,” said Julian Jessop, chief global economist at Capital Economics in London. “I think the best we can hope for is a ...
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Euro zone factory data suggest recession
Reuters
By Anooja Debnath LONDON (Reuters) - The downturn in euro zone manufacturing in October was even deeper than previously thought, according to "grim" business surveys on Wednesday that showed the currency union's debt crisis is dragging its economy back ...
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The eurozone crisis is eroding our democracy. How do we withdraw our consent ...
Telegraph.co.uk (blog)
You don't have to be a raving Eurosceptic (although of course that helps) to have profound, urgent misgivings about the way the eurozone crisis is eroding Europeandemocracy, including our own. The Greek referendum announcement is bad news for manifold ...
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Half of Germany wants Merkel out in 2013 - poll
Reuters India
By Veronica Ek BERLIN (Reuters) - Half of German voters do not want to see Chancellor Angela Merkel re-elected in 2013 and nearly one in two say she has mismanaged the euro zone crisis, a poll showed on Wednesday. Asked whether they wanted the ...
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EU Crisis Boosts Buck, Sends Oil, Copper Tumbling
Investor's Business Daily
By REUTERS Posted 11/01/2011 05:40 PM ET Commodities fell their most in a month on Tuesday as investors sold everything from oil to copper and corn after a deal to bail out Greece and the broader euro zone was thrown into disarray. ...
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Ticking time bombs: more volatility on the horizon
Warsaw Business Journal (blog)
Euro-zone issues: Greece is currently at the epicenter of the euro zone crisis, but there are broader issues. While the euro zone has a common currency, and theEuropean Central Bank has the power to print money, there is no body empowered to issue ...
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Geithner briefs US House Speaker on euro crisis
AFP
Geithner briefed Boehner "on the European debt crisis and the potential impact on America," said the speaker's press secretary, Michael Steel. The meeting came after Greece plunged the eurozone back into crisisand markets into panic with a shock call ...
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AFP
Forint battered by eurozone crisis, says PM spokesman
Budapest Business Journal
Prime Ministerial Spokesman Péter Szijjártó said on Wednesday that developments with regard to the euro-zone financial crisis, notably market reaction to Greece's announcement that it would hold a referendum on the zone's new bailout plan, ...
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Weak Euro Zone Manufacturing; German Unemployment Rises to 7%
123Jump.com
Euro zone manufacturing survey indicated a sharp fall in activities in Italy, France and Germany. Separately, German unemployment rose to 7%. European markets braved past Greek bond crisis and looked at the earnings region's manufacturing measures. ...
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Fresh Euro-Zone Worries Drag Down Emerging-Market Currencies, Debt
Wall Street Journal
By Erin McCarthy Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Renewed concerns about the euro-zone debt crisis and slowing global growth dragged down emerging-market currencies and debt Tuesday, as investors fled riskier assets. ...
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Britain, Watching Europe, Seeks to Preserve Influence
New York Times
By JULIA WERDIGIER LONDON — Even as Britain hopes for an end to the debt crisisplaguing the euro zone, it also fears an outcome that may threaten its influence in theEuropean Union and London's role as a financial center. Prime Minister David ...
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The Eurozone Debt Crisis and the United States
American Enterprise Institute
In the testimony that follows I set out the reasons why I think that there will be a further significant intensification of the Euro-zone debt crisis in the months immediately ahead. I also lay out the reasons why I think that the efforts currently ...
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Fresh Worries about Euro Zone Debt Crisis Drag Stocks; Dow Jones Sheds Almost ...
Beacon Equity Research
US equity market saw another sharply lower finish in trading today as fresh concerns about the euro zone debt crisis dragged down investors' confidence. All three major indexes fell sharply on the first trading day of November. ...
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Forex - EUR/USD, EUR/JPY Flows: EUR up on China EFSF talk; Greek referendum ...
FXstreet.com
USD/CHF at 0.8840-45. Offers at 0.8880-00. EUR/CHF offers at 1.2180-00. Swissinfo.Ch: France is hosting a G20 summit in Cannes this week just as a Greek referendum threatens to blow a hole in the hard-won deal to fix the eurozone's debtcrisis. ...
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The eurozone crisis is eroding our democracy. How do we withdraw ...
By Charles Crawford
Website of the Telegraph Media Group with breaking news, sport, business, latest UK and world news. Content from the Daily Telegraph and Sunday Telegraph newspapers and video from .... You don't have to be a raving Eurosceptic (although of course that helps) to have profound, urgent misgivings about the way the eurozone crisis is erodingEuropean democracy, including our own. The Greek referendum announcement is badnews for manifold practical reasons. Maybe a ...
News
Opinions and News on the Eurozone Crisis, No - American Future
By Marc Schulman
By so doing, Papandreou has destroyed a necessary, if not sufficient condition, for dealing with the crisis: TRUST. I'd be scratching my head, too. Ekathimerini (a dailynewspaper published in Athens and is distributed exclusively with the ...
AMERICAN FUTURE
XE.com - Need to take tough decisions to tackle euro zone crisis ...
Difficult decisions must be taken swiftly to address economic challenges in Europe and elsewhere, India's Prime Minister Manmohan Singh said in a statement before leaving for the two-day Group of 20 leaders' summit in France starting on ...
XE Forex News
Euro Zone Crisis: 2011: The Year of the Summit - CNBC
Last week a leading analyst about to go onto CNBC's set in London asked me what was the most important meeting for the euro zone debt crisis. He answered his own question, and that answer summed up what has been a big year for ...
CNBC Top News and Analysis
New Survey: CFA ... - Fourth Annual European Investment Conference
By emilyl
Usman Hayat, CFA. Last week, European leaders put forward a plan for resolving theeurozone's sovereign debt crisis — a plan that has been thrown into turmoil by Greece's surprise decision to hold a referendum on the bailout package. ...
Fourth Annual European Investment...
Greek bailout referendum to launch euro 'endgame' — RT
By RT
breakingnews. Go to main page News Greek bailout referendum to launch euro'endgame'. MORE ON THE STORY ... deal turns Greeks into IMF-ers – Max Keiser. A one-trillion-euro slush fund - not a bailout fund - was agreed by the recent EU summit in Brussels, while Greece moved ever further into the IMF's dubious embrace, argues economic analyst Max Keiser. Eurozone crisis · Greek Prime Minister George Papandreou speaks during a press conference held at the end of a ...
News RSS : Today
Fresh Worries about Euro Zone Debt Crisis Drag Stocks; Dow Jones ...
By edliston
U.S. equity market saw another sharply lower finish in trading today as fresh concerns about the euro zone debt crisis dragged down investors'
Stock Market News
Eurozone crisis: live blog | The World | International affairs blog from ...
By John Aglionby
Another week, another crisis summit. A day after the Greek cabinet unanimously backed prime minister George Papandreou's call for a referendum on the eurozone deal hammered out by European leaders last week, the global summit circus ...
The World
Greek referendum puts Eurozone crisis back on the brink | Crikey
By Crikey
The news stunned European leaders and forced France and Germany leaders and officials to hold a series of telephone meetings. Germany's Angela Merkel and France's President Sarkozy said they will meet the Greek Prime Minister tonight, ...
Crikey » Politics
JLN FX: November 1, 2011 - What saves the euro will kill the union ...
By AlanDiNovo
Editor's Note: This column marks another installment of The Eurozone, an occasional series that highlights and expands upon the major news topics coming out of Europe and its periphery. Over time, additional story lines will manifest themselves; but you are encouraged to .... The reason is that the policies needed to solve the eurozone crisiswill destroy the European Union as we know it. In particular, they will have profound implications for countries such as the UK, Sweden and ...
JLN FX
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/.../bad-idea-bad-timing-shock-greek-ref...
Debt crisis: live - Telegraph
Much is at stake for Greece and the rest of the eurozone at the G20 summit in ....news agency - at 10.35 came the headline "European plan to save Greece is off ...
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...
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
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...
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/
Is the euro-zone crisis getting better or worse?
That in turn will fuel the fear that the euro zone is losing control of this crisis. (See more polls, discussions and hot topics.) What happened to "About ...
online.wsj.com/...view.../euro-zone-crisis-getting-better-worse
Greek referendum threatens new euro zone crisis - The Economic ...
George Papandreou risks a new euro zone crisis with his shock announcement that he will put the bailout deal struck last week.
economictimes.indiatimes.com/news/.../10565993.cms
Eurozone crisis: what happens next at the G20 summit? | Business ...
The G20 summit in Cannes is likely to turn into another eurozone crisis meeting ....Debt crisis: EU leaders announce €70bn plan to protect euro ... Zeitgeist is an experiment in showing trending news, topics and articles from the Guardian. ...
www.guardian.co.uk/.../01/eurozone-crisis-what-happens-g20
Euro zone crisis: Is the EU's political suicide the only solution ...
EU news & policy debates - across languages -. en · fr. Click here for EU News .....Due to mismanagement, the eurozone crisis has reached a new, dangerous, ...
www.euractiv.com/.../euro-zone-crisis-eus-political-suicide-sol...
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