Today: EUROZONE Crisis News, Nov 18, 2011

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Nov 18, 2011

EUROZONE Crisis News, Nov 18, 2011


Eurozone crisis: Cameron and Merkel stress friendship
BBC News
David Cameron and German Chancellor Angela Merkel have acknowledged differences but stressed they have the "same plan" for European growth. The two leaders met in Berlin to discuss the eurozone crisis and other issues, including sanctions on Iran. ...
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BBC News
European bank chief urges action on rescue fund
Reuters
The ECB is under intense pressure to play a greater role in tackling the euro zone crisis. A Reuters poll of 50 bond strategists in Europe and the United States gave an even probability that it would eventually agree to print money. ...
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EBRD Mirow: Euro-Zone Crisis Not Leading To Global Recession
Wall Street Journal
By Todd Buell FRANKFURT (Dow Jones)--The world isn't facing a recession as a result of the debt crisis in the euro zone, the head of the European Bank for Reconstruction and Development said Friday. "I don't think we are facing a global recession," ...
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HSBC's King Says ECB 'Key' to Halting Euro Zone Crisis (Video)
Washington Post
18 (Bloomberg) -- Stephen King, chief economist at HSBC Holdings Plc, talks about theeuro-zone debt crisis, bond yields and the European Central Bank's role in backing indebted nations. He speaks with Francine Lacqua on Bloomberg Television's "On the ...
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EU debt crisis takes toll on brewing jobs
Globe and Mail
Europe's biggest brewers may be forced to cut jobs and close breweries to cope with the escalating euro zone crisis and Danish brewer Carlsberg is already preparing for the worst. The downturn in 2008 heralded a three-year cost-cutting exercise at ...
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Globe and Mail
Euro Zone Infection Spreads to China
Wall Street Journal (blog)
In the same vein, any negative impact on the US economy from the euro zone crisismay be slower in showing through, even though US banks could soon start to face funding pressure because of their exposure. But, as recent data has been showing, theeuro ...
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Eurozone crisis: protests and violence on the streets in Italy and Greece
Telegraph.co.uk
By Nick Squires, Rome Clashes between police and protesters erupted in Italy as the newly-sworn in prime minister, Mario Monti, laid out his plans to slash the country's 1.9 trillion euro debt and stimulate growth. In Milan, riot police used their ...
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Telegraph.co.uk
Coming events in the euro zone debt crisis
Reuters
Nov 17 (Reuters) - Following are coming events linked to the debt crisis in the euro zone: EUROPEAN UNION: Nov. 23 - European Commission, the executive body of theEuropean Union, presents new package of measures to deepen economic governance in the ...
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Analysis: Populists exploit euro zone crisis to gain influence
Reuters
"Now even Paris and Berlin are thinking about splitting up the euro zone. We in the Freedom Party suggested this at the start of the euro crisis because in truth it is the only correct solution. This is the only way to save Europe," Strache said. ...
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Wall St. can't escape risks from Europe's crisis
Reuters
By Richard Leong and Karen Brettell NEW YORK (Reuters) - No matter how much Wall Street cuts its ties to Europe, it can't seem to eliminate the risk that the euro-zone crisis could engulf the US financial system. US banks and money funds have been ...
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Infection reaches core as crisis takes new turn
Reuters
By Helene Durand LONDON, Nov 17 (IFR) - The euro zone crisis threatened this week to turn into a systemic one and investors warned they could be forced to reallocate positions unless measures are taken to contain market volatility. ...
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Euro zone must solve crisis as group: Spain Econ Min
Reuters
(Reuters) - Euro zone countries must respond as a bloc to the region's debt crisis, Spain's Economy Minister Elena Salgado said on Friday, adding that reforms at state level were not a substitute for co-ordinated action from the region. ...
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We'd better get used to living with the euro crisis. It's the new normal
Telegraph.co.uk (blog)
"I don't think the eurozone crisis can rumble on forever. Europe's politicians are edging towards a statisfactory resolution.” The CBI's bleak UK growth forecasts, he said, are based on the assumption there is a solution of sorts by the Spring. ...
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Telegraph.co.uk (blog)
Stocks Decline Amid Eurozone Crisis
«Market Leader» - news and previews making you rich.
The eurozone crisis and higher commodity prices have had a more considerable impact on stock markets than industrial growth. On Wednesday US stocks declined, thus showing mass sales at the end of the day. This morning European stocks started the ...
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«Market Leader» - news and previews making you rich.
Bank Of Canada's Boivin: Failure To Contain Euro-Zone Crisis A Key Downside Risk
NASDAQ
By Nirmala Menon, Of DOW JONES NEWSWIRES OTTAWA -(Dow Jones)- Bank of Canada deputy governor Jean Boivin said Thursday that failure to contain the euro-zonedebt crisis is a key downside risk for Canada's inflation outlook, repeating an assessment the ...
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PRECIOUS-Gold slips to 1-week low on Euro debt contagion fear
Reuters
"There is a bit of general risk-off across the markets as we wait for further developments of the Euro zone crisis, a bit of currency influence and a bit of opportunity as certain people try to crystallize their gains," said Nick Moore, an analyst at ...
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Ten-yr JGB yield near 1-yr low on euro-zone worry
Reuters
TOKYO Nov 18 (Reuters) - Japanese government bonds gained on Friday, supported by safe-haven bids as surging bond yields in euro zone nations raised fears the debt crisisthere could spiral out of control, keeping the 10-year yield near a one-year low. ...
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UK RMBSs doing well but eurozone crisis may take its toll
Money Marketing
Citigroup Global Markets head of European securitised products research Gordon Kerr claims UK issues have also performed well compared with their European equivalents, largely as a result of the damaging effects sovereign debts are having on EU ...
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IMF plays "second fiddle" as governments fall in the eurozone
Bretton Woods Update
An early November G20 summit showed clearly that the IMF cannot and will not be a major player in any future European crisis loans simply because it is too small. Financial market actors had targeted Italy, the third largest debtor in the world, ...
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'Mortal' dollar hovers below parity
Sydney Morning Herald
The local currency is down 3.5 per cent so far this week on worries the euro-zone debtcrisis could spread further and trigger a global financial meltdown. Still, Gavin Stacey, head of Australia and New Zealand research at Barclays Capital, ...
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Japan finmin: G7 may meet by year-end
Reuters
By Tetsushi Kajimoto TOKYO, Nov 18 (Reuters) - The Group of Seven industrialised nations may meet by year-end to discuss the euro zone debt crisis, although this has not been confirmed, Japan's finance minister said on Friday. ...
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CBI boss accuses eurozone of failing to stop 'bushfire'
The Guardian
That is predominantly due to the eurozone crisis. Political risk is holding us back. This has been the year of disappointed expectations. We went through a phase of blaming it on special factors. But since July … the eurozone has become a systemic ...
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Markets Live: Stocks dive as euro woes bite
Sydney Morning Herald
He said the Australian dollar fell after ratings agency Fitch warned that the euro zone crisis could threaten the credit outlook for US banks. "I think it comes from those comments, from that Fitch ratings agency, a couple of days ago. ...
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South Africa's eurozone rollercoaster
Financial Times (blog)
“The lack of resolution to the euro zone crisis is the biggest risk to SA's economic outlook. Rising inflation in SA on the back of loose monetary and fiscal policy is occurring as growth slows. Stagflation is not the reality yet but Moody's has ...
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Financial Times (blog)
FTSE falls as Europe's debt crisis intensifies
Reuters UK
Fred Moore, manager of the Newton European Higher Income Fund, said despite the gloomy macro outlook there were still pockets of value for investors to boost there returns. "The Euro zone crisis remains unresolved but we maintain that this creates even ...
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German and British leaders meet over euro crisis « News Hub Today
By NewsHubToday
The German and British leaders were meeting Friday in Berlin amid tensions over how to resolve the eurozone debt crisis, while the head of the European Central Bank called for an end to delays in implementing EU rescue plans. German ...
News Hub Today
Merkel, Cameron iron out views on euro crisis - Business - Mail ...
THE SMART NEWS SOURCE | Nov 18 2011 11:51 | LAST UPDATED Nov 18 2011 11:51. ADVERTISE WITH US | CONTACT US | STORY TIP-OFFS | M&G NEWSLETTER ... Merkel is seeking limited changes to the European Union treaty to provide stricter fiscal discipline within the 17-nation eurozone, in hopes of preventing another debt crisis like the one currently spreading across the continent. Receivership Cameron is to push for any such change to be limited to the eurozone ...
Mail & Guardian News Feed
The Euro Zone Crisis: Are the Merkozy Headed for Divorce? - Global ...
By Bruce Crumley
The seamless partnership France and Germany forged in past weeks now shows signs of fraying as both countries spar over the role of the European Central Bank (ECB) and proposals to mutualize euro zone debt.
Global Spin
EU crisis management 'stuck in past' — RT
By RT
The Greek debt crisis has taken a sharp turn for the worse, as the country's government admits it will not meet key EU-mandated deficit deadlines for 2011 and 2012. The newssent Asian markets plummeting on Monday. Eurozone crisis · Greece , Athens : Socialist and ... With Berlin now guaranteeing loans to Greece totaling 211 billion euros, the gap between what the population wants and what the politicians are doing has increased dramatically. Eurozone crisis · IMF Managing ...
News RSS : Today
Unemployment and the Euro-zone Crisis « CMPO Viewpoint
By CMPO Editor
Chris Grayling, the Employment minister, firmly laid the blame for the rapid rise in unemployment in yesterday's figures on the Euro-zone crisis. This argument is so obviously bogus, it is disappointing for a minister to be using this as a line of ...
CMPO Viewpoint
Euro Zone: Italy Unveils Broad Reforms, France, Spain Squeezed ...
France fared a little better, but again had to pay markedly more to shift nearly 7 billioneuros of government paper. Fears that the euro zone's second largest economy is getting sucked into the debt maelstrom have taken the two-year-old crisis ...
CNBC Top News and Analysis
XE.com - HIGHLIGHTS-Officials at European Banking Congress
Following are comments from politicians, company executives and central bank policymakers attending the European Banking Congress in Frankfurt as the euro zone'sdebt crisis continues to worsen.
XE Forex News
Gold Prices Tumble on Euro Zone Debt Worries | Stock Market News
By edliston
Gold prices tumbled in trading today, suffering their biggest one-day loss in almost two months, as investors, worried about the debt crisis in the euro zone,
Stock Market News
HSBC's King Says ECB 'Key' to Halting Euro Zone Crisis (Video ...
By marketmaker
Home - Bullfax.com - Market News, Analysis ... 18 (Bloomberg) -- Stephen King, chief economist at HSBC Holdings Plc, talks about the euro-zone debt crisis, bond yields and the European Central Bank's role in backing indebted nations. ...
Bullfax.com - Market News & Analysis
A guide to the eurozone crisis | Firstpost
The only viable solution to the euro crisis is for Germany to take the lead to bail out the rest. But it seems unwilling to ... Eurozone leaders learned nothing from the preceding debt crises in Latin America (1982-87, 1994-95) and Asia (1997-2000). They went through ..... James Murdoch's defence during his second appearance before MPs investigating phone hacking at The News of the World didn't settle questions about events and raised questions about his competence. Logo Footer ...
Firstpost
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/
European debt crisis spiralling out of control | Business | The Guardian
Markets hit by European debt crisis as threat of eurozone breakup persists. 14 Aug 2011 .... Great news central planning does not work. Recommend? (144) ...
www.guardian.co.uk/.../european-debt-crisis-eurozone-breaku...
BBC News - Euro 2012 and the eurozone crisis 2011
Fiscal crises and footballing crises do not go together. If anything, the qualifiers for the finals of Euro 2012 seem to show that bust countries win more at soccer.
www.bbc.co.uk/news/business-15765249
Cities of Europe haunted by euro zone crisis - Yahoo! News
From Yahoo! News: (Reuters) - In the stuffy corridors of Brussels, and on the streets of Poland, Portugal and Paris, the euro zone crisis has left people feeling ...
news.yahoo.com/cities-europe-haunted-euro-zone-crisis-1550...
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-...
Finextra: Euro zone crisis fix? There's an app for that
Amid desperate calls for the ECB to step in and do more to help alleviate the euro zone crisis, social media wonks at the bank turned to Twitter to trumpet the ...
www.finextra.com/News/Fullstory.aspx?newsitemid=23175
European democracy falls victim to euro zone crisis | GlobalPost
Foreign leaders and bankers are increasingly calling the shots in Europe.
www.globalpost.com/.../european-democracy-italy-greece-pap...
Eurozone crisis: Cameron and Merkel stress friendship
The two leaders met in Berlin to discuss the eurozone crisis and other issues, ... Mrs Merkel said they did "not make progress" on plans for a European ...
www.bbc.co.uk/news/uk-politics-15782854
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...
Euro zone crisis to widen climate fund gap - report - AlertNet
LONDON, Nov 17 (Reuters) - A worsening of the euro zone debt crisis could increase a climate funding gap to $45 billion by 2015 as governments struggle to ...
www.trust.org/.../euro-zone-crisis-to-widen-climate-fund-gap-...
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