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Nov 3, 2011

EUROZONE Crisis News, Nov 03, 2011


Euro zone crisis: as it happens
Reuters
(Reuters) - Here is a snapshot of the euro zone crisis as G20 leaders meet in Cannes. * 1325 -- Europe should not fear a change of government in Greece, Michael Noonan, Ireland's finance minister said in Dublin. * 1316 -- According to Spanish officials ...
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Eurozone crisis: Part But Not All of the Solution
Forbes
All through the eurozone crisis things have been made worse than they needed to be by the actions of the European Central Bank. It was obvious that the continent as a whole was slipping back into recession (to say nothing of the periphery countries ...
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UK Has 50% Chance Of Recession In Coming Months -NIESR
Wall Street Journal
By Alex Brittain and Ainsley Thomson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The UK economy is as likely as not to fall back into recession in the coming months, with the risk rising to 70% if the euro-zone crisis isn't resolved promptly, ...
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Eurozone crisis: Italian coalition fails to reach austerity deal
Telegraph.co.uk
By Nick Squires, in Rome An emergency meeting of the cabinet in Rome on Wednesday night failed to come up with the concrete measures that the European Union and the markets have demanded of Italy as it faces being sucked into the euro zone debt crisis. ...
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Telegraph.co.uk
Greek PM on brink as world tells Europe to fix crisis
Reuters
Leaders of the BRICS group of emerging economies -- Brazil, Russia, India, China and South Africa -- discussed the euro zone crisis at a separate meeting. The summit had been meant to focus on reforms of the global monetary system and steps to rein in ...
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Reuters
Bank exodus from euro zone sovereign debt quickens
Reuters
More lenders are expected to retreat as the euro zone crisis deepens and leaders raise the possibility of the exit of Greece from the bloc, further damaging prices. "The market value of the debt of the countries most under scrutiny is likely to decline ...
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Sophy Ridge, political correspondent
Sky News
"Set against that, there is the longer term problem of a more tightly integrated euro zone resulting in growing British isolation in theEuropean Union." But the UK could soon find itself more directly involved in the crisis. ...
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Sky News
G-20: EU Crisis Efforts Must Regain Credibility In Markets -Japan
Wall Street Journal (India)
CANNES, France (Dow Jones)--Japan urged European leaders Thursday to quickly get the widening euro-zone debt crisis under control, to prevent contagion from spreading to other countries and damaging the world economy. Noriyuki Shikata, a senior ...
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HK Shares End Lower On Euro-Zone Debt Crisis
Wall Street Journal (India)
Analysts expect the benchmark index to trade in the 18700-20200 range over the next two weeks because of a belief the euro-zone crisis won't be resolved in the short term. "It appears that the leaders of France, Germany and Greece have now run into a ...
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PRECIOUS-Gold rises on deepening euro zone crisis
Reuters
By Susan Thomas LONDON, Nov 2 (Reuters) - Gold rose on Wednesday on demand for the metal as a safe haven investment away from market turmoil as the euro zonetroubles deepened and business surveys showed the severe impact the crisis has had on ...
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Thursday in Parliament: Eurozone crisis
BBC News
Commons: "We need an immediate plan to boost jobs and growth" both in the UK and across the EU, Mr Leslie says. Commons: For Labour, Chris Leslie argues that his party deserves credit for keeping the UK out of the euro. Commons: "This government is ...
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Europe's voters threaten crisis backlash
Financial Times
In contrast, a separate question in the UK showed that opposition to joining the euro had risen from 69 per cent in February to 76 per cent in October, as the eurozone crisis worsened. Support for membership of the eurozone dropped from 10 to 8 per ...
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Financial Times
ING Cuts Jobs, May Delay State Aid Payment As Crisis Bites
Wall Street Journal (India)
AE) Thursday said it would cut 2700 jobs and could delay plans to repay state aid as it grapples with tighter regulation and growing uncertainties caused by the euro zone debtcrisis. ING joins a growing list of major European financial businesses to ...
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Euro crisis reveals limits of US leadership
Financial Times
For anyone wondering what a world with diminished US capacity to lead looks like, theeurozone crisis is displaying western weaknesses on a wide screen. A possible contribution from China to the eurozone bail-out hit a raw nerve in Washington for ...
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Qatar sees balanced oil market, EU crisis fix
Reuters Africa
DOHA Nov 3 (Reuters) - OPEC member Qatar is optimistic that the euro zone crisiscurrently dominating oil market sentiment will be resolved soon, Qatari energy minister Mohammed al-Sada said on Thursday, adding that oil market fundamentals are balanced...
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Emerging-Market Currencies, Debt Up Modestly; Eyes On Euro Zone
Wall Street Journal
In addition, the European Central Bank will hold its first rate-setting meeting under new ECB President Mario Draghi on Thursday. The steady flow of risk events and continued uncertainty about the fate of the euro zone crisis may result in only a ...
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CFA Institute Members In Europe Weigh In On Eurozone Crisis
Seeking Alpha
In comparison, 33% said that they favor allowing for sovereign defaults and expellingeurozone countries with unsustainable economic deficits, and just 6% of respondents said that the best solution for the crisis would be abandoning the euro and ...
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Q&A: What's at stake at the G20 summit?
BBC News
What happens in Greece raises big questions about the eurozone as a whole. Aftercrisis talks on Wednesday, the Greek, German and French leaders all agreed that the referendum will effectively decide whether Greece stays in the euro. ...
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Europe Power-Curve at new lows early on euro zone crisis
Reuters Africa
FRANKFURT Nov 3 (Reuters) - Europe's power curve hit new 7 1/2 month lows early on Thursday on continued worries about the euro zone's economic health after Greece's intention to question a rescue plan stunned politicians and investors. ...
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Analysis: European rescue could spell long-term pain for UK
Reuters
Britain has had to fight hard to make itself heard in the euro zone crisis, quarreling privately and publicly with Paris and Berlin to try to speed along a resolution to a crisis that threatens the British economy, as well as those of its European ...
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Euro crisis looms large in Ireland
BBC News
Under Irish law, a referendum is needed to agree changes to an EU treaty. However, a recent poll showed that the Irish electorate is likely to reject any attempt to extend the European Union's powers to deal with the region's financial crisis. ...
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BBC News
G20 summit kicks off under shadow of euro crisis
IBNLive
The G20 summit kicks off in Cannes on Thursday under the shadow of escalating euro zone worries. World markets have been in turmoil after the Greek Cabinet backed the Greek Prime Minister's call for referendum on EU debt deal. ...
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Europe's crisis, Europe's chance
European Voice
Over the past few years, the European Union has been a source of bad news. Responses to the eurozone crisis have divided member states and some, like the UK, are openly debating how to leave the Union. Euroscepticism is on the rise, and the EU's...
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TAKE-A-LOOK-G20 dominated by deepening euro zone crisis
Reuters Africa
European leaders were preparing on Thursday for the possibility of Greece leaving theeuro zone to preserve the 12-year-old single currency as their G20 partners looked on aghast. Double click on codes in brackets to read stories. ...
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Insurers say euro zone woes hinder life sales
Reuters
By Myles Neligan LONDON, Nov 3 (Reuters) - European insurers said tough economic conditions triggered by the euro zone debt crisis were hitting the life insurance market, leaving the non-life and emerging markets sectors to take up the slack. ...
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XE.com - Euro zone crisis - Nov 3 as it happens
Nov 3 (Reuters) - Here is a snapshot of the euro zone crisis. as G20 leaders meet in Cannes. All times are GMT: * 1116 -- Greek Prime Minister George Papandreou has not. resigned and does not intend to, a Greek newspaper quoted his ...
XE Forex News
Opinions and News on the Eurozone Crisis, No. - American Future
By Marc Schulman
Opinions and News on the Eurozone Crisis, No. 37 ... “The Euro Zone Could Face Ruin” — German economists are warning of disastrous potential consequences for Europe if Greek voters reject a referendum on the euro rescue package. ...
AMERICAN FUTURE
Euro zone crisis: As it happens (Reuters) | Wall Street Financial News
By Yahoo! News: Business - European Economy
Euro zone crisis: As it happens (Reuters). Share Reuters - Here is a snapshot of theeuro zone crisis as G20 leaders meet in Cannes. Short URL: http://www.wallst.net/?p=334563. Posted by Yahoo! News: Business - European Economy . ...
Wall Street Financial News
Capitalism and democracy under threat from euro zone crisis | The ...
By Laurence Copeland
It takes quite a lot to make me feel sorry for politicians, especially the European variety, but I must say that Nicholas Sarkozy and particularly Angela Merkel have a right to be livid at the news that the Greek government now proposes to hold a ...
The Great Debate UK
Wolfgang Münchau: European Financial Stability Facility Has Only ...
By emilyl
But as he himself confesses now, the successive months have shown him to in fact have been overly optimistic in his earlier diagnoses of the still-unfolding crisis. In a lucid and lively session entitled “The Way Forward for the Eurozone” at the fourth annual CFA Institute European Investment Conference in Paris yesterday, Münchau highlighted the impending disasters that will come if the necessary political will is not forthcoming — and experience to date has not been promising to say ...
Fourth Annual European Investment...
Gold Prices Jump on Deepening Euro Zone Crisis
By Michael Söze
Gold Prices Jump on Deepening Euro Zone Crisis. gold-prices november 2011 Gold prices jumped this morning (Nov. 3) for the first time in four sessions as growing fears that Europe's debt crisis may worsen sparked demand for the metal as ...
The Inquisitr
Eurozone crisis: live blog | The World | International affairs blog from ...
By Tom Burgis
Kerin Hope reports that it's a game of see-saw at Greece's cabinet meeting – from which some ministers are briefing their favourite journalists by SMS, defying the premier's attempts to impose a news blackout. ... 13.55: Back to the Greek crisis. Stanley Pignal reports from the European Commission's daily breifing that it's increasingly clear that theEU is sailing into completely uncharted waters: A spokeswoman said the situation was “fluid” and that all would be answered by the EU ...
The World
NewsDaily: Greek euro threat looms over Cannes G20 summit
By Noah Barkin
The threat of a Greek exit from the euro zone hung over a meeting of G20 leaders on Thursday after France and Germany made it clear that Athens must decide urgently whether it wants to stay in the 12-year-old currency bloc. ... "Our Greek friends must decide whether they want to continue the journey with us," Sarkozy told reporters at a joint news conference with Merkel after the crisis talks. The German chancellor, describing the discussions with Papandreou as "tough and hard," ...
NewsDaily: Top Headlines
Eurozone Latest News Real-Time Updates
By NewsBlogged
An emergency meeting of the cabinet in Rome on Wednesday night failed to come up with the concrete measures that the European Union and the markets have demanded of Italy as it faces being sucked into the euro zone debt crisis. ...
NewsBlogged
'More needs to be done' on euro crisis: Singh | The Independent Daily
By Independent News Service
“It is imperative the difficult decisions needed to address the economic challenges in Europe and elsewhere are taken swiftly,” the Indian PM said in his strongest statement yet on the eurozone crisis. The Group of 20 industrial and developing economies are expected to spend much of their time at ... Independent News Service - who has written 11140 posts on The Independent Daily. Contact the author. RELATED ARTICLES. March 16, 2011 -- India's rise promises synergies for US ...
The Independent Daily
Greek PM convinces cabinet to push referendum deal ahead - World ...
Papandreou to face France, Germany leaders at crisis talks .... The chairman of euro zone finance ministers, Jean-Claude Juncker, said ... More world news ...
www.msnbc.msn.com/id/45114513/ns/world_news-europe/
Debt crisis: live - Telegraph
Sky News is reporting that the referendum will be scrapped, but Greek PM ..... @ charlesforelle For euro-zone, snap elections in Greece could be nearly as ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
BBC News - Eurozone crisis: 'Right' to boost IMF funds - Cameron
He said instability in the eurozone continued to have a "chilling effect" on the UK,European and global economy and a resolution to the crisis was "in our vital ...
www.bbc.co.uk/news/uk-15567919
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...
Eurozone crisis: Part But Not All of the Solution
All through the eurozone crisis things have been made worse than they needed to be by the actions of the European Central Bank. ...
www.forbes.com/.../eurozone-crisis-part-but-not-all-of-the-sol...
Euro zone crisis: as it happens
(Reuters) - Here is a snapshot of the euro zone crisis as G20 leaders meet in Cannes.... a Greek newspaper quoted his chief of staff as saying. ...
www.reuters.com/.../us-eurozone-crisis-developments-idUSTR...
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
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 look dim, ... Inside the News: Euro seen dropping by end of 2011 ...
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 been cancelled, and ...
rt.com/news/eu-crisis-greece-meeting-719/
Eurozone crisis: banks agree ...
Europe's leaders are claiming a victory in the eurozone crisisafter agreeing new deals ... Athens will be handed a new €100bn bailout early in the new year. ... Sharp gains are predicted for European markets on opening, with the FTSE 100...
www.guardian.co.uk/world/.../eurozone-crisis-banks-50-greec..
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