Today: EUROZONE Crisis News, Nov 10, 2011

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Nov 10, 2011

EUROZONE Crisis News, Nov 10, 2011


Cities of Europe haunted by euro zone crisis
Reuters
(Reuters) - In the stuffy corridors of Brussels, and on the streets of Poland, Portugal and Paris, the euro zone crisis has left people feeling helpless in the face of a force beyond their control, and fearful of its consequences. ...
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Merkel says top goal is keeping euro zone intact
Reuters
"For months, since the very beginning of the euro debt crisis, Germany has had only one goal, that is to bring about a stabilization of the euro zone in its current form, to make it more competitive, to consolidate budgets," Merkel told a news ...
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METALS-Copper falls, awaits clarity on euro zone crisis
Reuters
Italy moved closer to a national unity government on Thursday, following Greece's lead in seeking a respected European technocrat to pilot painful economic reforms in an effort to avert a euro zone bond market meltdown. Political and economic turmoil ...
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Eurozone crisis: Nick Clegg rallies opposition to treaty change
The Guardian
He also warned against the euro members forming a club within a club, saying: "To retreat from each other now would be to leave ourselves isolated in extremely tempestuous times." He said safeguards might be needed if the eurozone restructured so that ...
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The Guardian
Losing credibility, EU seeks IMF's embrace
Reuters UK
But with the crisis approaching the end of its second year and Italy, theeuro zone's third and the world's eighth largest economy, about to be sucked into the mire, the pledge sounds empty. What started as a financial and economic crunch has morphed ...
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Reuters UK
FOCUS: Contagion From Euro-Zone Crisis Evident In UK Lending Conditions
Wall Street Journal
By Ilona Billington Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Credit in the UK is already growing scarce, the most up-to-date surveys show, and the deepeningeuro-zone debt crisis looks set to limit banks' lending capabilities even further. ...
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EU warns of recession in 2012
AFP
The extent of the crisis facing the region was laid bare in the latest forecast from the European Commission which the EU's new economy tsar said amounted to a "last wake-up call". Olli Rehn said the EU faced tipping back into recession in 2012 due to ...
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AFP
Analysis: Europe's crisis spells more pain for drugmakers
Reuters
By Ben Hirschler LONDON (Reuters) - 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 ...
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Brent tops $113 despite euro zone crisis
Reuters Africa
EURO ZONE TROUBLES Signs of robust demand in the world's top oil consumers the US and China was enough to temporarily dim concerns about the spread of theEuropean debt crisis to Italy and the impact it could have on demand. "There is enough demand for ...
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Morning Briefing: Euro-Zone Crisis Impact in Focus
Wall Street Journal (blog)
By Sean Carney Central European currencies are coming under pressure as collateral damage from the euro zone's escalating crisis and they will be eyed closely Thursday, along with the regional fiscal outlook and funding costs. The Hungarian forint hit ...
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MacKinnon Says Euro Zone Only Viable With ECB Backstop
Washington Post
10 (Bloomberg) -- Neil MacKinnon, global macro strategist at VTB Capital, discusses theeuro-zone crisis and his view that the European Central Bank should act as a lender of last resort. Talking with Francine Lacqua on Bloomberg Television's "On the ...
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Coming events in the euro zone debt crisis
Reuters
Nov 10 (Reuters) - Following are coming events linked to the debt crisis in the euro zone: EUROPEAN UNION: Nov. 29 - Meeting of euro zone finance ministers in Brussels. Nov. 30 - Meeting of EU finance ministers in Brussels. Dec. 9 - Summit of EUheads ...
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IMF seeks clarity in Italy, China wants stability
Reuters
On European markets Thursday, hopes that new government being formed in Italy and Greece could help stave off a euro zone break-up drove the euro higher and top-rated government debt lower, while stocks held above a three-week trough. ...
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Analysis: Euro zone failure could be vast geopolitical shock
Reuters
"For India, China and many of the other new powers, they don't see simply a crisis of theeuro zone," said Kleine-Brokhoff at the George Marshall Foundation of the United States. "They see a crisis of the rich world and it makes them even more ...
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Arab spring + European autumn = Mediterranean crisis
The Guardian (blog)
Eurosceptics who will pounce on red tape as proof that governments are always the problem might wisely ponder that the absence of strong and effective government has been a fundamental failure in the eurozone crisissince 2008. Euro-federalists and ...
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The Guardian (blog)
Rates to be held at 0.5 per cent as eurozone crisis threatens to plunge UK ...
This is Money
Last week, the European Central Bank's new chief Mario Draghi surprised investors with a rate cut aimed at calming markets panicked by theeurozone debt crisis. The ECB voted to lower rates by a quarter of a percentage point to 1.25 percent. ...
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This is Money
ECB policymakers reject bigger crisis role for bank
Reuters
By Gilbert Kreijger and Paul Carrel THE HAGUE/FRANKFURT, Nov 10 (Reuters) - TheEuropean Central Bank cannot intervene much more aggressively to tackle the euro zone debt crisis, three ECB policymakers from the bloc's core said on Thursday, ...
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Eurozone crisis: who is pulling the strings in Europe?
Telegraph.co.uk
EU president during the 2008 financial crisis, pushing for G20 summits and financial regulation in the eurozone. Sent the first fighter jets to back Libyan rebels. The consequences of a failure of the euro would be so cataclysmic that we could not ...
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Telegraph.co.uk
EU Juncker, Bank Of Portugal Say Euro Currency Not In Crisis
Wall Street Journal
In the same conference, Bank of Portugal head Carlos Costa, however, sharply criticized the lack of effective instruments to solve the euro-zone crisis at once. "The biggest task in front of the European council today is to craft the necessary ...
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Portugal Vows To Keep Bailout On Course Despite EU Woes
Wall Street Journal
The prime minister called the euro-zone crisis "worrisome," but said any solution theEuropean Union may find would still require Portugal to control its spiraling deficit. "With the country suffering from financial and economic imbalances that were ...
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Spain's likely new gov't seeks crisis manager for economy
Reuters
20 parliamentary election, is seeking an internationally respected figure for economy minister to win over nervous investors in the deepening euro zone crisis. Analysts and insiders from Rajoy's People's Party (PP) say he wants a manager with clout and ...
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Nelson urges action on debt crisis
ABC Online
ELEANOR HALL: Australia's top diplomat in Europe, Brendan Nelson, is also urgingeurozone leaders to resolve the debt crisis before it engulfs the rest of the world. The former Opposition leader who is now ambassador to the European Union, ...
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SOFTS-Cocoa at 2-year low, euro zone crisis dominates
Reuters Africa
By Sarah McFarlane and Alessandra Prentice LONDON, Nov 10 (Reuters) - Cocoa eased to a fresh two-year low, while arabica coffee and raw sugar edged higher on Thursday, in line with steadier commodity markets, as the euro zone debt crisiscontinued to ...
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Wall Street rallies as eurozone crisis eases
National Business Review
In Italy, now the major cause of concern, 10-year bonds came off their highs amid trader talk that the European Central Bank was a buyer. Italy's budget bill is expected to be approved by the weekend and pave the way for Prime Minister Silvio ...
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Copper Drops to Two-Week Low as EU Cuts Euro Growth Forecast
BusinessWeek
“Anything more would require a greater assurance that the worst of the euro-zone crisisis over, which just feels like wishful thinking for the moment.” Overseas shipments from China rose 15.9 percent from a year earlier in October, customs bureau data ...
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Report of the 4th ICD Public Discussion ... - Cultural Diplomacy News
By icdblogsphereteam
She presented a video from BBC news about the Euro Crisis featuring Henning Meyer, who claims that the situation in Europe is still unraveling; European governments have been behind the curve from the beginning. ... that not all the countries of the EU useEuro (e.g. Romania, Hungary, Czech Republic, Poland no for example), and a member of the French parliament said that those not using euro shouldn't have the possibility to give their opinion in the debate about the euro crisis. ...
Cultural Diplomacy News
Exchange Rate News: Pound Sterling up Against Euro and Dollar ...
By John Cameron
Daily World Currencies News from London ... The GBP EUR rate has been on the rise throughout the eurozone crisis, along with the other major currencies such as GBP USD, AUD, NZD, ZAR and more. The EUR USD has ...
Currency News: UK daily forex news
Fears of euro zone split grow after Italy crisis - World News - IBNLive
Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government threatened prolonged instability and kindled fears of a split in the euro zone.
IBN Top Headlines
XE.com - Coming events in the euro zone debt crisis
News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles. Coming events in the euro zone debt crisis. Top Articles. WRAPUP 1-Crisis in Italy spurs fears of euro zone break-up ...
XE Forex News
Wrap up: Euro is dead, banking crisis next? | Firstpost
Here's a quick round-up of the major local and international business and economic newsevents that happened today. ... The first lesson that we need to learn from the Eurozone crisis is that euro is over. Now that Italy and Greece are on ...
Firstpost
Eurozone's growth 'has stalled' | Stock Market News - Business ...
By Editor - Top News Stories
Euro weakens. Last month, in an attempt to ease concerns about the Greek debt crisis,eurozone leaders asked banks to raise more capital to protect themselves against any losses resulting from future defaults by Greece. Bill Hubard ...
Rocket News
Crisis in Italy spurred fears of a split in the euro zone | The Baltics ...
By The Baltic Course | Baltic States news & analytics
Political and economic crisis in Italy spurred fears of a split in the euro zone with borrowing costs for Europe's third biggest economy at unsustainable levels and the bloc unable to afford a bailout. ... news about The Baltics. Skip to Content ↓. Home. The Baltics Today ...
The Baltics Today
Eurozone crisis: Live blog | The World | International affairs blog ...
By John Aglionby
... FT's coverage of the eurozone crisis and its global fallout. Curated by John Aglionby, Tom Burgis and Orla Ryan on the news desk in London and with contributions from correspondents around the world. ..... However, if the euro zone crisis escalates further, which is quite possible given the current political limbo in Italy and Greece, a UK contraction could extend into early next year, raising the risk of steeper, double-dip recession. A swift resolution to the euro area's debt crisis would ...
The World
Canada and the Eurozone Crisis « The Past Speaks
By andrewdsmith
As I write this, the European Commission has just announced that it is cutting its growth estimate for the European economy. The bad economic and political news is coming now in a seemingly continuous stream. The sovereign debt crisis has ...
The Past Speaks
RealClearPolitics - Euro Fears Spread to Italy as Debt Crisis Deepens
By Steven Erlanger, NYT
On Wednesday, contagion arrived with brute force. Follow @nytimesworld for international breaking news and headlines. Italy, a central member of the euro zone and its third-largest economy, struggled to find a new government as anxious ...
RealClearPolitics - Homepage
'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
Euro softens further on euro zone crisis | Reuters
TOKYO (Reuters) - The euro on Thursday extended hefty losses sustained the day before after ... Inside the News: Euro bears could opt to swap profit-Boulton ...
www.reuters.com/.../us-markets-forex-idUSTRE74U02L2011...
Eurozone crisis: Ed Miliband calls for emergency European council ...
Eurozone crisis: Ed Miliband calls for emergency European council summit. Labour leader says meeting must not be allowed to break up until comprehensive ...
www.guardian.co.uk/.../eurozone-crisis-ed-miliband-emergenc...
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...
G20 Summit Focuses on Eurozone Debt Crisis | News | English
... with the summit dominated by the European debt crisis and questions about a ... theeuro, in the eurozone and a strong partner in Europe," said Papandreou. ...
www.voanews.com/.../Obama-Pushes-for-Eurozone-Debt-Crisi...
Euro zone crisis hammering developed economies: Reuters poll
There is also increasing evidence that the euro zone debt crisis is knocking some emerging economies off their high perch. A sharp fall in China inflation ...
www.reuters.com/.../us-economy-g7-poll-idUSTRE7A84QI20...
Eurozone crisis: Now euro-elite move to gag national opposition ...
By ME Synon First question out of the press pack after last night's meeting of eurozonefinance ministers was about the EU interference in national politics ...
www.dailymail.co.uk/.../Eurozone-crisis-Now-euro-elite-gag-n...
The euro-zone crisis: China to the rescue? | The Economist
Then again, we have been here many times before during the euro-zone saga. ... Theeuro crisis: The Greeks will vote on something, and other euro news ...
www.economist.com/blogs/freeexchange/.../euro-zone-crisis-4
Another eurozone crisis, and this time it's serious | Euro debt crisis ...
Another eurozone crisis, and this time it's serious. An imbalance in Europe's economies threatens the euro, but leaders are in denial. LAST UPDATED AT 14 23 ...
www.theweek.co.uk/.../another-eurozone-crisis-and-time-its-se...
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