Today: EUROZONE Crisis News, Nov 13, 2011

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Nov 13, 2011

EUROZONE Crisis News, Nov 13, 2011

Eurozone Crisis: EFSF Buys its Own Bonds
Forbes
The eurozone crisis just stepped into the realms of the absurd: the EFSF, supposedly the saviour of the euro and eurozone has been buying its own bonds. One way to look at this is that it is trying to borrow money by lending it to itself: absurd, ...
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Why the euro zone crisis defies resolution
Independent Online
Heiner Flassbeck, the chief economist at the UN Agency for World Trade and Development and also a former minister of state in the German ministry of finance, was ironically the most vocal critic of Germany's role in the current euro zone crisis. ...
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Italian PM Berlusconi resigns amid eurozone crisis
DAWN.com
Berlusconi's announcement Tuesday that he would resign once parliament approved a package of economic reforms that he had promised theEuropean Union, prompted fears of a prolonged political crisis in theeurozone's third largest economy further ...
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DAWN.com
The bonds that tie Italy down may destroy crisis-hit euro
Irish Independent
Panic gripped Europe as a result and rumours of a eurozone break-up mounted. So withEU political leaders at gunpoint to resolve the eurozone's debt crisis once and for all, what might be on the cards for Europe in the coming months? THE European ...
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Unite or risk fragmentation, Barroso tells EU
Reuters
Cameron faced criticism at home this week from opposition Labour Party leader Ed Miliband who accused him of being dangerously complacent about the euro zone crisis and of choosing to lecture the euro zone from the sidelines instead of leading the ...
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Reuters
Lagarde warns no country immune to euro crisis
New Zealand Herald
The eurozone financial crisis, set off two years ago by Greece's overwhelming debt, has now engulfed Italy, which has the third-largest economy among the 17 nations that share the euro currency. The crisis has toppled Prime Minister Silvio Berlusconi, ...
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As the eurozone crisis deepens, what are David Cameron's options?
Telegraph.co.uk
In either event, Mr Cameron would be well placed to lead the non-euronations, and even to negotiate a settlement founded on Europe being a free-trading assembly of self-governing states. It could be the making of his premiership. ...
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Telegraph.co.uk
Britain's border control brings new crisis
Oman Daily Observer
By Andy Jalil, Foreign Correspondent - WHILE the euro zone crisis is taking much of the Prime Minister David Cameron's attention, he is now faced with a major issue within the country. The sensitive matter of immigration is back in the headlines this ...
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Euro collapse would be "catastrophic": Tony Blair
Economic Times
LONDON: With the Eurozone crisis leading to the resignation of the Prime Ministers of Greece and Italy, former British premier Tony Blair today said the collapse of the eurowould be "catastrophic". Blair said he hoped and believed the euro would not ...
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Anxiety Grows over Spillover of EU Debt Crisis in Nigeria
THISDAY Live
“Sooner or later, we are likely going to see the negative fallout of this Greek debt crisisimpacting the Nigerian equities market. Also, if Nigerian investors are exposed to Euro-zone institutions that are themselves exposed to Greece, there will be a ...
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Wilders latches on to euro crisis
Financial Times
The eurosceptic position of Mr Wilder's Party for Freedom (PVV) is not new – it has opposed every eurozone rescue package so far. But Friday's announcement marked the latest step in a strategic shift: as the eurozone crisis has intensified, ...
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IMF: Kosovo's small size shields it from crisis
CBS News
(AP) PRISTINA, Kosovo — The International Monetary Fund says Kosovo's limited access to global markets has spared it from financial turmoil in the eurozone crisis, even though the country's official currency is the euro. In a statement posted on its ...
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Unite or risk fragmentation - Barroso tells EU
Reuters India
Cameron faced criticism at home this week from opposition Labour Party leader Ed Miliband who accused him of being dangerously complacent about the euro zone crisisand of choosing to lecture the euro zone from the sidelines instead of leading the ...
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OIC central bankers to review impact of euro zone debt crisis
Arab News
But in the wake of the global financial crisis, the euro zone sovereign debt crisis and the fallout of the so-called “Arab Spring”, it is inevitable that discussions will concentrate on how these events are impacting on OIC member countries, ...
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Osborne urges Eurozone co-operation
The Press Association
George Osborne has urged countries in the eurozone to co-operate more closely on financial issues. Speaking to the BBC's Politics Show, the Chancellor said more integration between nations using a single currency would help solve the debt crisis. ...
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Bundesbank chief champions purist approach
Financial Times
When the euro was launched 13 years ago, Germany's central bank lost its role in setting interest rates for Europe's largest economy – and for other European countries forced to follow its lead. But as the eurozonedebt crisis escalates, the Bundesbank ...
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Financial Times
Euro zone cues to drive markets
Livemint
With public debt of more than 120% of gross domestic product and more than a decade of dwindling economic growth behind it, Italy came to the forefront of the euro zone debtcrisis. It is euro zone's third largest economy and, thus, not easy to bail ...
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David Cameron hit by double whammy on growth and jobs
Telegraph.co.uk
The Prime Minister is expected to tour European capitals this week to put more pressure on EU leaders to find a solution to the eurozone crisis. Mr Hoban sent out a warning to France, Germany and others among the 17 eurozone nations not to vote in the ...
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Telegraph.co.uk
Major Gas Exporters Say Optimistic Euro Zone Will Solve Crisis
Wall Street Journal (India)
DOHA (Zawya Dow Jones)--Major gas exporting countries meeting in Qatar this week are optimistic that euro-zone countries will solve their sovereign debt crisis and that the outlook for natural gas demand is very promising, Qatar's oil minister said ...
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CEE currencies seen rallying, provided euro crisis eases
Business Recorder (blog)
The currencies have fallen 5-15 percent against the euro since the middle of the year, with the decline accelerating in the past two months as the eurozone crisis deepened. The median forecast in the November 7-9 poll sees Hungary's forint, ...
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India would be impacted by 'prolonged' euro debt crisis: D&B
Hindu Business Line
According to Dun and Bradstreet (D&B) Country Risk Update report, the debt crisis in the euro zone is a key threat to the global economy. With many EU banks highly exposed to risky assets, weaker credit conditions undermine growth prospects in theeuro ...
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Unite or risk fragmentation, Barroso tells EU
Reuters Canada
LONDON (Reuters) - Europe must unite to tackle the euro zone debt crisis or risk fragmentation, decline and irrelevance, European Commission President Jose Manuel Barroso said on Sunday. Barroso's solidarity call, in a commentary for The Observer ...
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Running the funny money to ground
Cyprus Mail
By Patrick Dewhurst Published on November 13, 2011 AS the Eurozone crisis worsens, it is not only governments that are printing more euros - the counterfeiters are at it too, according to Cyprus' counter-counterfeiting boss Christakis Antoniou. ...
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Could The Debit Crisis Spread To The U.S.?
Seeking Alpha
According to a recent article in the Wall Street Journal, Italy has €1.9 trillion ($2.6 trillion) in government debt or nearly one-quarter of all euro-zone public debt. Over the course of the next year, Italy must refinance over 15% of its outstanding ...
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Nicolas Sarkozy's poll rating at five-month high
Telegraph.co.uk
The week before, he was in the spotlight as he played host to leaders of the Group of 20 economic powers in Cannes, southern France, a summit which was largely overshadowed by the euro zone crisis. Nicolas Sarkozy's poll rating at five - month high.
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Telegraph.co.uk
UK's Cable Urges 'Unlimited Powers' for ECB
Bloomberg
Cable joins Prime Minister David Cameron and Chancellor of the Exchequer George Osborne in pressuring the euro region, the UK's biggest trading partner, to resolve its debt crisis. “If the leaders of the euro zone want to save their currency then they, ...
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Italian PM Berlusconi quits amid eurozone crisis | Pakistan Today ...
By faizan
News Comments (1369370http%3A%2F%2Fwww.pakistantoday.com.pk%2F2011%2F11%2Fitalian-pm-berlusconi-quits-amid-eurozone-crisis%2FItalian+PM+Berlusconi+quits+amid+eurozone+crisis2011-11-13+07%3A09%3A32faizanhttp% 3A ... resign once parliament approved a package of economic reforms that he had promised the European Union, prompted fears of a prolonged political crisis in the eurozone's third largest economy further dragging down the entire euro area. ...
Pakistan Today | Latest news,...
NewsDaily: Unite or risk fragmentation, Barroso tells EU
Barroso's solidarity call, in a commentary for The Observer newspaper, seemed particularly aimed at Britain, where the euro zone debt crisis has fueled an already strong eurosceptic strain. "As we witness fundamental changes to the ...
NewsDaily: Top Headlines
Politics Show interview on Labour's five point jobs plan, eurozone ...
By Ed's team
Are you saying that the Euro – the Eurozone crisis is having no impact? EB: No, I didn't say that. Of course it's having an impact. I warned a year ago if there is a global hurricane you should not undermine the foundations of your house and ...
Ed Balls - Labour MP Blog
Socializing losses: Trilateral takeover of Europe? — RT
By RT
Go to main page News Socializing losses: Trilateral takeover of Europe? MORE ON THE STORY. Italian Prime Minister Silvio berlusconi reacts during a session at the parliament to adopt measures he Today: 00:52 5 comments · Ciao, Silvio! Berlusconi resigns as Italian PM. Italian Premier Silvio Berlusconi has resigned on Saturday bringing an end to a 17-year political era, after parliament's lower chamber passed European-demanded reforms. Eurozone crisis · Pro-communist union ...
News RSS : Today
European Crisis Hitting U.S. Companies
By The Huffington Post News Editors
The U.S. economy is especially vulnerable to the European crisis because it's growing so weakly and facing other risks, such as weak hiring, stagnant pay, high energy costs, a wide trade deficit and potentially steep government spending cuts. " It won't take ....Related News On Huffington Post: APEC finance ... Italy's cost of borrowing slipped back below the 7% mark on Thursday morning after hitting record highs on Wednesday, fuelling concerns that the eurozone crisis... Dow Jones ...
The Full Feed from HuffingtonPost.com
Unite or risk irrelevance: European Commission President | Firstpost
Barroso's solidarity call, in a commentary for The Observer newspaper, seemed particularly aimed at Britain, where the euro zone debt crisis has fuelled an already strong eurosceptic strain. “As we witness fundamental changes to the ...
Firstpost
Euro Zone Working To Avert Crisis
By David Sumner
The Euro rallied the most in two weeks versus the U.S. Dollar on optimism that the region's leaders are taking the necessary steps needed to solve the debt. ... Euro ZoneWorking To Avert Crisis. David Sumner | 09:00 | 13/11/11. The Euro rallied the most in two ... The Canadian Loonie advanced on news that Italy's Senate approved measures needed to reduce the debt ratio, as well as the fact that Lucas Papademos took over as Greek Prime Minister. Furthermore, Japan's Yen rose to ...
TRADERBASE Forex Trading
Will Italy tip Europe over the edge? — Clearing and Settlement
By RSS Feed
You are here: Home / News Feed / Will Italy tip Europe over the edge? ... The euro zone crisis could take Australia along for the ride, writes Richard Webb. THE ability of bumbling European leaders to find an 11th-hour solution to the European ...
Clearing and Settlement — Clearing...
Eurozone Crisis: EFSF Buys its Own Bonds - Market News and ...
By marketmaker
Home - Bullfax.com - Market News, Analysis · Home · News ... The eurozone crisis just stepped into the realms of the absurd: the EFSF, supposedly the saviour of the euro and eurozone has been buying its own bonds. One way to look at this ...
Bullfax.com - Market News & Analysis
Ex-European Commissioner: that's not a Euro crisis, that's a Eurozone
Inefficiency of European fiscal authorities caused "the most perfect financial storm ," says Peter Mandelson, former European Trade Commissioner. He explains ...
rt.com/business/news/euro-eurozone-crisis-authorities-181/
Path out of euro zone crisis spells prolonged ... - Yahoo! News
From Yahoo! News: LONDON (Reuters) - Even if the euro zone manages to relieve the immediate financial pressures threatening it, weaker members in ...
news.yahoo.com/path-euro-zone-crisis-spells-prolonged-econ...
Italy: Eurozone Crisis Fears Spread To France As ... - Sky News
Sky News HD - First for breaking news - Sky channel 517 ... There are also fresh concerns about Spain after its economy - the eurozone's fourth largest - stopped ...
news.sky.com/home/business/article/16108875
BBC News - Eurozone crisis: Osborne warns of impact on UK jobs
UK Chancellor George Osborne warns the eurozone crisis is still ... events, David Cameron said there was still a "big question mark" over the eurozone's future. ...
www.bbc.co.uk/news/uk-politics-15691546
Eurozone crisis: Obama orders European leaders to take more ...
U.S. President Barack Obama made telephone calls to German Chancellor Angela Merkel, French President Nicolas Sarkozy and Italian President Giorgio ...
www.dailymail.co.uk/.../Eurozone-crisis-Obama-orders-Europ...
'Euro could be dead in a month ...
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 'hitting UK economy' - Arab News
LONDON: British treasury minister Danny Alexander said the euro zone debt crisis was hitting business confidence, although the recent G20 summit in France ...
arabnews.com/economy/article530169.ece
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...
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...
Eurozone Crisis: EFSF Buys its Own Bonds
The eurozone crisis just stepped into the realms of the absurd: the EFSF, supposedly the saviour of the euro and eurozone has been buying its own bonds. ...
www.forbes.com/.../eurozone-crisis-efsf-buys-its-own-bonds/

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