EUROZONE Crisis News, Nov 09, 2011

Euro zone crisis hammering developed economies: Reuters poll Reuters Reuters polls of more than 250 economists, taken after G20 leaders left a critical summit in Cannes with no concrete plans to solve the crisis, provide some of the strongest evidence yet that the euro zone is already in recession. ... See all stories on this topic »

Italian crisis evokes dark days for traders Reuters Derrick, who has worked in finance for more than 25 years, said the euro zone crisiswas different to the one that hit the ERM in the early 1990s in one vital respect. "In some ways, it is darker because people don't know what the end game is. ... See all stories on this topic »

Germany's Merkel:Euro-Zone Crisis An Opportunity To Recreate EU Wall Street Journal BERLIN (Dow Jones)--German Chancellor Angela Merkel said Wednesday the euro-zone debt crisis presented an opportunity to recreate the European Union in a way that will ensure the sustainability of the bloc's economic and financial policies. ... See all stories on this topic »

Euro-zone Crisis Defenses May Come Too Late Wall Street Journal With the crisis deepening and no solution in sight, it is hardly surprising investors are losing confidence. Euro-zone ministers made little headway Monday in their attempts to put flesh on the bones of the two leverage schemes. ... See all stories on this topic »

Will the eurozone crisis send the gold price soaring? Telegraph.co.uk David Cameron is thought to support it. He said: “It is for the eurozone and the ECB to support the euro, and global action cannot be a substitute for concrete action by the eurozone.” The European Central Bank - Will theeurozone crisis send the gold ... See all stories on this topic » Telegraph.co.uk

Eurozone debt crisis: Why is Italy in trouble and does it matter to you? This is Money The fear is that as Italy's debts are so big, the Eurozone cannot afford to bail it out, especially as the domino effect means that the markets may then start shunning the bonds of next weakest link in the euro area. Is this a storm in an espresso cup ... See all stories on this topic » This is Money

Italian crisis evokes dark days for traders Reuters Derrick, who has worked in finance for more than 25 years, said the euro zone crisiswas different to the one that hit the ERM in the early 1990s in one vital respect. "In some ways, it is darker because people don't know what the end game is. ... See all stories on this topic »

Italy's Woes Signal 'Dangerous Phase' in EU Crisis: El-Erian CNBC.com As the euro zone's EFSF [cnbc explains] rescue fund will not be ready for deployment until December at the soonest, markets are looking to the ECB to intervene on a greater scale with its bond-purchase program, which has so far totaled 183 billion ... See all stories on this topic »

Gold Over EUR 1300 - On Way to 'Infinity' on Eurozone Contagion? Business Insider Risk has returned with a vengeance as Italian debt markets have gone into meltdown leading to falls in European equity indices. Gold remains near a seven week high and has risen to above EUR 1305/oz due to the deepening Eurozone crisis and contagion ... See all stories on this topic »

Europe's crisis spells more pain for drugmakers Khaleej Times LONDON - Drugmakers are counting the cost of the deepening euro zone crisis, with further austerity-driven price cuts expected in important European markets, including Italy and France. Growing alarm at multiple government-imposed cuts prompted a frank... See all stories on this topic »

InvestTechFX Reports on Possible High Probability Trades from the Euro Zone Crisis PR Web (press release) FX trading experts at InvestTechFX explore some possible high probability trades resulting from the recent Euro Zone crisis. The 80/20 rule as well as the use of Bollinger bands is further discussed. Many Forex currency exchange traders labor under the ... See all stories on this topic »

Political Consequences of Euro Crisis Are Spreading CNBC.com The euro zone debt crisis could claim more political scalps across the euro zone, according to analysts. "Governments are falling one by one in the peripheral countries," Tina Fordham, MD and senior political analyst at Citi, told CNBC Wednesday. ... See all stories on this topic »

65% Chance of Banking Crisis in November: Think Tank CNBC.com The most likely outcome according to their analysis is a sudden crisis in which the US, UK and BRICs nations [cnbc explains] refuse to provide funding via the IMF for the euro zone. In a world where predictions are made with no time lines, ... See all stories on this topic »

Debt, guilt and America's good fortune The Economist (blog) In this view, the received narrative about the euro-zone crisis (southern Europeans are lazy, their governments are irresponsible, they borrowed too much money) is to a great extent a German-influenced moral fable. Mr Krugman provides this rather ... See all stories on this topic »

U.K. Recovery to Stall as Euro Crisis Clouds Export Outlook, CBI Forecasts Bloomberg By Svenja O'Donnell - Wed Nov 09 00:01:00 GMT 2011 “The outlook for the UK, as we look into 2012, is critically dependent on the outcome of the turmoil in the euro zone,” said Ian McCafferty, chief economic adviser at the CBI, told a press conference ... See all stories on this topic » Bloomberg

What would happen if Greece leaves the euro zone? GlobalPost An old Greek drachma bill is seen on top of modern Euro note. (Chris Hondros/Getty Images) LONDON — In the long saga of the euro zone crisis, Greece may be approaching a tipping point. Governments and businesses are starting to make plans for how to ... See all stories on this topic »

Oil drops below $96 in Europe as Italy's debt crisis casts doubts on EU's ... Washington Post The EU's debt crisis also hurt oil prices by boosting the US dollar, which made strong gains on the euro. A stronger dollar makes crude more expensive for investors trading in other currencies. The euro was down over 2 cents, to $1.3632 from $1.3835 ... See all stories on this topic »

Greeks pull savings from banks as crisis deepens Reuters Greeks withdrew as much as 5 billion euros -- nearly 3 percent of total deposits -- after outgoing Prime Minister George Papandreou's shock call last week for a referendum on aeuro zone bailout, said one banker, who declined to be named. ... See all stories on this topic »

France's Baroin: EUR1 Trillion Is Big Enough Euro-Zone Firewall NASDAQ PARIS -(Dow Jones)- French Finance Minister Francois Baroin said Wednesday a EUR1 trillion firewall is sufficiently dissuasive against market attacks to stem the euro-zone crisis. Euro-zone governments are still working on a way to leverage up the ... See all stories on this topic »

Italian borrowing costs: The dangerous precedent of 7pc in the eurozone crisis Telegraph.co.uk ... as Greece's asset-sale programme has shown. In the meantime, the eurozone simply doesn't have the firepower in place to bail-out Italy. That's the problem. Italian borrowing costs : The dangerous precedent of 7pc in the eurozone crisis. See all stories on this topic » Telegraph.co.uk

Record trade deficit adds to Britain's economic woes Reuters UK Business minister Vince Cable said the euro zone crisis was having a double-whammy impact on UK firms by damaging confidence and therefore demand for British goods, as well as impacting banks' ability to lend. "We have noticed, all the surveys show, ... See all stories on this topic » Reuters UK

The Eurozone - and a Don't Dump Rubbish sign Significance Magazine This example provides a nice illustration of how the desperate deliberations of bankers in Athens, changes of governments in Greece, Ireland and, for all we know now Italy, and the seemingly intractable problems of sovereign debt crisis and the Euro ... See all stories on this topic » Significance Magazine

US STOCKS-Wall St tumbles on euro zone fears; VIX jumps Reuters Italy has replaced Greece at the center of the euro zone debt crisis and is seen teetering on the cusp of requiring a bailout. "Italian bonds are essentially serving as another fear index like the VIX, and right now they're reflecting a lot of fear," ... See all stories on this topic »

James Hughes at Alpari says even if the Greek crisis is resolved the big ... YouTube ... the way in which the Euro has managed to weather the recent crisis and says that the fundamental issues remain. James also says that there's a good case to support the belief that the UK may not suffer from the Eurozone crisis as much as some think. See all stories on this topic »

Société Générale cuts dividends and bonuses amid eurozone crisis The Guardian The bank has halved its sovereign debt exposure to the troubled eurozonecountries of Greece, Italy, Ireland, Portugal and Spain and between September and October the holdings of peripheral euro area debt was reduced slightly to €3.43bn from €3.6bn ... See all stories on this topic » The Guardian

CEE MONEY-Czech firms cringe at worsening euro zone crisis - XE Czech businesses are starting to sound more like their eurosceptic politicians as they watch euro zone leaders flail about to contain a debt crisis that is squeezing what little growth central Europe's export-oriented economies are seeing. XE Forex News

Euro Zone: Political Consequences of Euro Crisis Are Spreading ... The euro zone debt crisis could claim more political scalps across the euro zone, according to analysts. ... Current DateTime: 07:23:09 09 Nov 2011 LinksList Documentid: 29778429. CNBC NEWS ... CNBC Top News and Analysis

EU Member States Must Not Let Euro Zone Crisis Weaken ... George Soros and members of the European Parliament gathered in Brussels to encourage member states to stand firm behind an agreed blueprint for ending discrimination against the Roma and improving their educational, housing, and ... Open Society Foundations: Europe

The European Citizen: Democracy and the Eurozone Crisis By Eurocentric Yet the EU, despite the almost co-equal power of the European Parliament, has a huge democratic disconnect. With the Treaties unequipped to deal with the Eurozone crisis, the approach to solving it has been intergovernmental, which has ... The European Citizen

Eurozone Crisis Watch: Italian Bond Yields Spike Into The Danger ... By Matthew Mallon In one effort to grasp the size of the calamity, Gary Jenkins at Evolution Securities has added up the bills so far for the two previous Greek rescue packages, and the Irish and Portuguese bailouts (388 billion euros), plus the cost of European Central Bank intervention so far (74 billion euros), ... If it happens, and this is by no means certain after days of farcical political manoeuvring, it will be a tiny sliver of good news in what otherwise promises to be a very bleak day for the eurozone. ... Minyanville.com - All Articles

Eurozone crisis: live blog | The World | International affairs blog from ... By John Aglionby 16.40: Over to beyondbrics, the FT's emerging markets blog, for news that a joint statement from China and India, which had all the hallmarks of an authoritative leading Brics voice about the difficulties facing the eurozone and the US ... Political forces are co-operating to bring Greece out of crisis; He resigns to make way for a new coalition government; He finishes without naming a successor; Says will do everything we can to stay in euro; Says we will implement EU bailout decision ... The World

Will the Eurozone Crisis Send the Gold Price Soaring? « SGTreport ... By SJB Will the Eurozone Crisis Send the Gold Price Soaring? Pressure grows on EuropeanCentral Bank to start printing money. by Richard Evans, Telegraph.co.uk: Is gold about to go through the roof? The price has been creeping up again, after ... SGTreport.com

Fuel Fix » Crude oil declines on concerns about European debt crisis By Dan X. McGraw “Further deterioration of the euro-zone crisis has shifted its focus from Greece to Italy, an economy too big to be bailed out,” said James Zhang, a strategist at Standard Bank Plc in London. “It has spurred a general 'risk off' in the market.” ... Fuel Fix

Berlusconi rules out election bid | Stock Market News - Business ... By Editor - Top News Stories And even if the present crisis ebbs, the fundamental problems remain – a country of anaemic growth and a debt mountain of 1.9tn euros (£1.63tn; $2.6tn), our correspondent adds. Meanwhile, an EU team is due in Rome on Wednesday to ... Rocket News

Exporters: We don't need the euro - The Local German exporters, the backbone of the biggest eurozone economy, could manage without the common euro currency, the head of their BGA industry federation, Anton Börner, said on Wednesday. ... The Local: Germany's news in English. Find films playing in ... Börner was speaking one day after official data showed that record exports had pushed Germany's trade surplus to a three-year high in September, indicating the country was bearing up fairly well in the eurozone debt crisis. ... The Local - Germany's news in English

'Euro could be dead in a month' — RT Greek PM George Papandreou is aiming to form a coalition government and push through an international bailout package. However Patrick Young, executive ... rt.com/news/greece-eurozone-crisis-government-639/

Euro zone crisis: As it happens - Yahoo! News Read 'Euro zone crisis: As it happens' on Yahoo! News. (Reuters) - Here is a snapshot of the euro zone crisis as G20 leaders meet in Cannes. news.yahoo.com/euro-zone-crisis-happens-115225851.html

Eurozone crisis: Greek PM George Papandreou to resign | World ... Crisis-hit leader expected to step down after emergency cabinet meeting to form a ...The Guardian, UK and World news, User comments, Web ... For the first time since joining the then European Economic Community in 1981, Greece has ... www.guardian.co.uk/world/2011/.../greece-george-papandreo...

Eurozone crisis: Collapse of euro 'would leave Britain BETTER off ... Iain Duncan Smith (pictured), the Cabinet's leading eurosceptic, is expected to urge Mr Cameron to 'stiffen his resolve' on the EU as experts predicted better ... www.dailymail.co.uk/.../Eurozone-crisis-Collapse-euro-leave-...

BBC News - How France views the eurozone crisis How France views the eurozone crisis. Matthew Price By Matthew Price Europecorrespondent. TGV train passes in front of billboard showing an enormous eye ... www.bbc.co.uk/news/business-15567028

G20 Summit Focuses on Eurozone Debt Crisis | News | English ... with the summit dominated by the European debt crisis and questions about a ... the euro, in the eurozone and a strong partner in Europe," said Papandreou. ... www.voanews.com/.../Obama-Pushes-for-Eurozone-Debt-Crisi...

Euro zone finds no new money for debt crisis at G20 But the IMF's new role takes the euro zone crisis to a new level and suggests that markets no longer trust the EU to police its own economies. ... www.reuters.com/article/2011/.../g-idUSL5E7M35XA201111...

The euro-zone crisis: China to the rescue? | The Economist Then again, we have been here many times before during the euro-zone saga. ... The euro crisis: The Greeks will vote on something, and other euro news ... www.economist.com/blogs/freeexchange/.../euro-zone-crisis-4

Italy, Greece on the brink, markets hold breath - Business - World ... BREAKING NEWS: Greek cabinet ministers offer resignations, pave way for ... Athens as the epicenter of the euro zone's sovereign debt crisis, with government bond ... Euro zone finance ministers, meeting in Brussels, agreed on Monday on a ... www.msnbc.msn.com/.../italy-greece-brink-markets-hold-brea...

Euro-zone Crisis Defenses May Come Too Late With the crisis deepening and no solution in sight, it is hardly surprising investors are losing confidence. Euro-zone ministers made little headway Monday ... online.wsj.com/.../SB10001424052970204190704577026090...

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