Nov 19, 2011

EUROZONE Crisis News, Nov 19, 2011


Eurozone crisis: Do Germans want to save the euro or not?
Daily Mail
By Daily Mail Comment David Cameron and Angela Merkel tried to put on a united front at their meeting yesterday, but their forced bonhomie could not mask the bitter divisions in their thinking on the eurozone crisis. Truly, events are now moving at a ...
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Daily Mail
Asia needs further steps amid euro zone crisis-Japan PM
Reuters
By Yoko Nishikawa NUSA DUA, Indonesia Nov 19 (Reuters) - Japanese Prime Minister Yoshihiko Noda said on Saturday Asia needs to consider further steps to avoid a financial crisis as the euro zone's debt problems could spill into the region. ...
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Cameron and Merkel admit eurozone differences
RTE.ie
European shares ended at a six-week closing low after Chancellor Merkel's comments cooled market hopes that Europe's largest economy would back monetary measures to tackle the euro zone debt crisis. London's FTSE ended down 1.1% at 5363. ...
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Poland, eyeing euro crisis, launches austerity drive
Reuters
Tusk, whose party won four more years in power in an October 9 election, brought forward the announcement of his program from December amid growing worries about the impact of the euro zone's sovereign debt crisis on Poland's prospects. ...
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Green market sees red due to euro zone crisis
Business Standard
Tremors of the euro zone crisis are being felt in the carbon trading market. Even as Indian players holding the carbon emission reduction (CER) certificates get jittery, analysts are hopeful that domestic companies will not be significantly hit in the ...
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Business Standard
Far Right Poised to Take Advantage of Eurozone Crisis
Voice of America
Far right presidential candidate Marine Le Pen has long been calling for France to get out of the euro currency union. And as the eurozone crisis grows and the French economy shrinks, Le Pen's message at rallies of her National Front party appears to ...
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Lessons from the Euro crisis
Khaleej Times
European leaders have begun this task, and could accelerate the process at their nextEU Council in December 2011. Ultimately, any credible solution will require revision of the EU Treaty, a process that will take several years. The fiscal crisis is ...
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Arab stocks volatile on euro zone crisis
Arab News
”I think the fallout of the euro zone debt problem on Arab bourses has been acceptable so far, but the danger lies in predictions that the crisis could spread to new uncontrollable dimensions,” he said. Taher and other analysts expected any escalation...
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Jewellers see opportunity in EU crisis
Business Standard
The euro zone sovereign debt crisis has thrown up a plethora of opportunities for Indian luxury sector to foray into an otherwise difficult territory with mass appealing and unique ornaments. Indian manufacturers of luxury items, including diamond ...
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Public payments crisis signals return to reform agenda
IPPmedia
So far it is the radicals who are doing most of the talking, chiefly by demonstrations; real economic lessons from the euro zone crisis are clearly different. One such lesson was how demonstrators in Greece were protesting 'banktatorship' being pushed ...
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Investors move to price in euro split
Financial Times
The dramatic ratcheting up in the seriousness of the crisis could be seen in the eurozone's triple A countries. France and Austria both saw their spreads over 10-year German Bunds reach records for the euro-era and in Paris's case top 200 basis points, ...
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Financial Times
Andrew Grice: Beware, George, of playing the euro blame game
The Independent
Bashing Europe also wins Tory ministers brownie points and more breathing space from their backbenchers, many of whom are relishing the euro meltdown. No one disputes that the eurozone crisis is affecting the UK economy; 40 per cent of our exports go ...
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Eurozone bond yields show UK is right on euro
Telegraph.co.uk
French and German politicians are becoming increasingly indignant over what they see as British lecturing about the eurozone crisis. Who's right and who's wrong should first be tested at the ballot box. But as we know, eurozone leaders have an aversion ...
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Telegraph.co.uk
Week Ahead: Nifty may bounce towards the 5000 mark
Economic Times
The market was mainly impacted because of euro zone crisis and sharper depreciation of rupee against US dollar (almost 2.5% from Monday rates). This has led to sharp outflow of almost Rs 1050 crore ($206.9 mn) during the week. ...
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Spain's election dominated by economy, debt crisis
AFP
MADRID — Spain's right was storming towards a landslide win in a vote to be held Sunday, carried by popular anger over an economic slump and a debt crisis that has toppled a string of eurozone leaders. Street protests and a debt market tempest chased ...
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AFP
Bundesbank's Weidmann says ECB must stick to rules
Reuters
In an interview with German broadcaster Deutschlandradio Kultur, Weidmann rejected calls by states such as France for the ECB to intervene more forcefully to halt the euro zone's accelerating debt crisis. "The duty of the euro system is to secure ...
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Greek party chief resists EU/IMF pressure on pledge
Reuters
Greece's debt troubles over the past two years have turned into a majorEuropean crisis that threatens the survival of the euro and the stability of the global economy. As Greek politicians bickered this week, borrowing costs for much larger euro zone ...
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Reuters
Komileva Sees Risk of Lehman-Like Scenario in Euro Zone
Washington Post
18 (Bloomberg) -- Lena Komileva, founder and chief economist at G7 Market Economics, talks about the euro-zone debt crisis and bond market intervention by theEuropean Central Bank. She speaks with Francine Lacqua on Bloomberg Television's "Countdown. ...
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Gulf refinancing risks mount amid euro zone debt crisis
Arab News
Financial markets remained volatile on Friday in the face of the wideningEuropean debt crisis. Stocks, while avoiding a rout, were lower across much of Europe. Germany's DAX was down 1 percent at 5792 while the CAC-40 in France fell 0.8 percent to ...
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Arab News
Asia Currencies Drop Most Since September on Growth Slowdown
BusinessWeek
“The uncertainty that has been endemic from the turn of the year will continue to persist into year-end, especially with a resolution to the euro zone's crisis appearing to be a long way off,” Mitul Kotecha, head of global currency strategy at Credit ...
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Oil falls further below $100 on euro-zone concerns
MarketWatch
Oil futures shed 3.7% on Thursday, as data showing a slowing in manufacturing in the Philadelphia region and investors' persistent euro-zone worries discouraged buying. Read more about Thursday's oil moves. Recent blunders plague Standard & Poor's, ...
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Euro zone will survive, says expert
Moneycontrol.com
... Kong during the Asian crisis to helping China develop a modern banking system, there is hardly a problem in the financial sector which Dr Sheng hasn't handled. In an interview with CNBC-TV18's Latha Venkatesh, Sheng says, Euro zone will survive. ...
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Moneycontrol.com
US Stocks Fall as European Yields Rise
Bloomberg
“In the euro zone you've got this horrible crisis and it's not clear to anyone how it is going to be solved,” George Feiger, chief executive officer of Contango Capital Advisors Inc., the San Francisco-based wealth management arm of Zions ...
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Martin Rowson on Britain and the eurozone debt crisis – cartoon
The Guardian
Yes trying to ride the euro bull will end up leaving Germany naked. Cameron is Ebernezer Scrooge and Osborne is just evil. The Channel as an open sewer; the Wasteland that is Europe; The Gidiot clasping a red crayon (at least I hope it is a red crayon ...
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EMERGING MARKETS-LatAm stocks fall as euro-zone fears persist
Reuters
The gauge shed nearly 5 percent during the week, its worst five-day stretch since late September as investors saw a euro-zone debt crisis potentially widening to engulf larger economies such as Italy and France. Brazilian stocks ended down even as ...
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Asia needs further steps amid euro zone crisis: Japan PM | www ...
By marketmaker
Asia needs further steps amid euro zone crisis: Japan PM. Sat, 11/19/2011 - 09:26 EDT story from Reuters: Business News in. businessNews. NUSA DUA, Indonesia (Reuters) - Japanese Prime Minister Yoshihiko Noda said on Saturday Asia ...
Bullfax.com - Market News & Analysis
Far Right Poised to Take Advantage of Eurozone Crisis
By VOA
The eurozone crisis is feeding far-right, nationalist parties in Europe which have long criticized the single European currency - and the broader idea of a "European project" of closer economic and political unity. But will that translate into more ...
Ethiopian Review
Wall St. Can't Escape Risks from Euro Crisis | Greece ...
By Emmanouela Seiradaki
No matter how much Wall Street cuts its ties to Europe, it can't seem to eliminate the risk that the euro-zone crisis. ... Greece.GreekReporter.com Latest News from Greece Greek News on Politics, Sports, Entertainment & Economy ...
Greece.GreekReporter.com Latest...
The pain in Spain is plain on Election Day — RT
By RT
The expanded bailout fund will not help if Italy or Spain is dragged into the economic crisis, and the austerity packages are driving Greece and Portugal to revolutions, warned British European Parliament member Nigel Farage. Eurozone crisis ...
News RSS : Today
Britain's Cameron urges 'decisive' action on euro crisis | Business ...
In the markets, that's interpreted as a call to the eurozone to back giving the EuropeanCentral Bank more power to solve the crisis, possibly through buying up more potentially-bad government debt or by giving it the "lender of last resort" ...
KVAL - News - Business
Grahnlaw: Merkel and Cameron on EU and euro
By Grahnlaw
Friday brought the UK prime minister David Cameron to Berlin for talks about theEuropean Union, the eurozone crisis and bilateral issues. David Cameron Merkel started the press conference by emphasising the common interest of Germany ...
Grahnlaw
Eurozone Talks: Cameron And Merkel Talk | Finance News
By Rajan Chagger
However, they did not meet eye to eye on one point, this was Germany's demand for a treaty change to stop the sovereign debt crisis in the eurozone from happening again in the future and calls to the European Commission for a Financial ...
Finance News
German memo shows secret slide towards a ... - OzHouse Alt News
By OzHouse
An intrusive European body with the power to take over the economies of struggling nations should be set up to tackle the eurozone crisis, according to a leaked German government document. The six-page memo, by the German foreign ...
OzHouse Alt News
Prison Planet.com » Britain 'will join euro before long', says German ...
By admin
Wolfgang Schäuble said that, despite the current crisis in the eurozone, the euro will ultimately emerge as the common currency of the entire European Union. He said he “respects” Britain's decision to keep the pound, but insisted that the ...
Prison Planet.com
Business confidence in the euro zone begins to ebb away | Olive ...
By Smart Currency Spain
Follow The Olive Press Newspaper. Andalucia ... The euro zone crisis is having an effect on business confidence worldwide and although still growing the Far East is still dependent on what happens in the northern hemisphere. EURO/GBP – ...
Olive Press Newspaper
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/
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...
Insight: Even Germany not immune to euro zone crisis - Yahoo! News
From Yahoo! News: LONDON (Reuters) - German bonds have so far been viewed as the last bastion of safety in the euro zone sovereign debt markets but some ...
news.yahoo.com/insight-even-germany-not-immune-euro-zon...
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 - 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
Euro zone crisis to widen climate fund gap: report | Reuters
LONDON (Reuters) - A worsening of the euro zone debt crisis could increase a climate funding gap to ... UPDATE 2-New test finds neutrinos still faster than light ...
www.reuters.com/.../us-climate-finance-idUSTRE7AG0L7201...
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...
Q+A: Why hasn't the euro zone crisis hammered the euro?
The euro has weakened in recent weeks as euro zone debt yields have soared with a solution to the crisis elusive, though investors have held off from ...
www.reuters.com/.../us-markets-forex-euro-idUSTRE7AH1L2...
EU CRISIS ROAD MAP: Key Milestones Ahead
The euro-zone crisis is also beginning to take its toll on weaker economies in Eastern Europe with Hungary's economy ministry Friday saying that it has ...
online.wsj.com/article/BT-CO-20111118-710092.html
Another eurozone crisis, and this time it's serious | Euro debt crisis ...
The underlying issue, and one Euro leaders have been "unwilling to confront", is the imbalance of funds within the eurozone, says Paul Krugman in The New ...
www.theweek.co.uk/.../another-eurozone-crisis-and-time-its-se...
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