Today: EUROZONE Crisis News, Nov 24, 2011

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Nov 24, 2011

EUROZONE Crisis News, Nov 24, 2011

Business Standard: Euro zone crisis and the future of Central and Eastern Europe
Business Standard
The mainstream media continued to focus Tuesday on the financial crisis gripping the euro zone. Each day, it seems, the moves of prime ministers and finance ministers from Greece to Germany are watched with increasing scrutiny. ...
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Exclusive: ECB mulls ultra-long loans to help banks
Reuters
By John O'Donnell BRUSSELS (Reuters) - The European Central Bank is looking at extending the term of loans it offers banks to 2 or even 3 years to try to prevent the euro zone crisis precipitating a credit crunch that chokes the bloc's economy,...
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Debt crisis: live
Telegraph.co.uk
As the eurozone crisis spreads to Berlin with the failure of the German government to sell a third of the bonds on offer yesterday, this might be a good moment to remember that some euro bank notes could be worth more than others. ...
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Telegraph.co.uk
Britain's FTSE hits worst losing streak in 9 yrs
Reuters
The euro zone crisis was also impacting the United Kingdom, which confirmed its economy grew just 0.5 percent in the third quarter of this year. "The global slowdown is weighing on (British) exports while the ongoing debt crisis with the related ...
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Euro Zone Crisis Gets the Blame for Rupiah's Slide
Jakarta Globe
Emerging nations in Asia may feel the bite of the global economiccrisis after all, according to the International Monetary Fund. (EPA Photo) The Asian Development Bank says the sovereign debt crisisin the euro zone and Indonesian companies flocking ...
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Jakarta Globe
UK banks must plan for disorderly euro zone break-up
Reuters
Bank of England monetary policy committee member David Miles, said the euro zone crisis was already having a substantial impact on Britain by pushing up funding costs for banks and companies. He echoed Bailey's view that UK lenders were in a relatively ...
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Ratings agency Fitch says outlook for French credit rating under threat if ...
Washington Post
But in a report published Wednesday, Fitch said a “further intensification of theeurozone crisis” would result in a much sharper economic downturn in France and the European Union, and that means France would risk losing its AAA rating. ...
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Euro zone periphery faces years of struggle: Reuters poll
Reuters
The only sector holding up is exports, but that could be fragile as the euro zone crisis spreads to bigger economies like neighboring Spain, a key export market. Austerity measures will sharply cut disposable incomes as taxes rise across the board and ...
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INTERVIEW: Deepening Of Crisis Hasn't Yet Hit German Economy
Wall Street Journal
By Beate Preuschoff BERLIN (Dow Jones)-The recent intensification of the euro-zone debt crisis has not yet reached the real economy in Germany, Klaus Abberger, a key economist at Germany's Ifo Institute told Dow Jones Newswires Thursday. ...
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Eurozone Crisis Nearing The Panic Stage
Forex Pros
A late session report that Germany is no longer categorically ruling out eurobonds stabilized sentiment but the euro bounce was minimal. Aside from domestic bonds and financial shares, the eurozone crisis hasnt destroyed risk appetite in the way the US ...
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Europe's debt crisis takes toll in China as exports slow
Washington Post
And in a further sign of just how badly the continuing debt crisis in the euro-zoneeconomies is affecting China, a few economists here are even speculating that China could soon see its first trade deficit in two decades. “The shrinkingEuropean ...
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Euro zone crisis HAS increased risk to UK
Choices (blog)
By stacey Published: November 24, 2011 Posted in: NewsTags: Theeuro zone crisis has increased the threat to the UK economy, according to the Bank of England's Monetary Policy Committee. The revelation comes as minutes from the MPC's latest meeting are ...
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Choices (blog)
Carbon crash spurs price bottom debate
Reuters
Carbon prices have lost half their value since June, knocked down by flagging demand for emissions permits and credits as the euro zone's crisis deepens. TheEuropean Union's carbon market, which was valued at $120 billion last year, ...
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Euro-zone Bonds Could Aggravate Crisis, Finnish Minister Says
Wall Street Journal
HELSINKI (Dow Jones)--Finland's finance minister warned Thursday that commoneuro-zone bonds, whereby stronger countries jointly guarantee the debt of troubled ones, could lead to investors losing confidence in the single currency area. ...
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CANADA STOCKS-TSX hits seven-week low on euro zone fears
Reuters
* TSX down 54.64 pts, or 0.5 percent, at 11517.07 * TSX at lowest level since Oct. 6 * Materials, financials lead retreat * Euro zone leaders discuss crisis measures By Jon Cook TORONTO, Nov 24 (Reuters) - Toronto's main stock index hit a seven-week ...
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Euro zone woes may hit German tourism spending
Reuters
FRANKFURT (Reuters) - Uncertainties caused by the euro zone debt crisis and a stuttering global economy could hit spending next year on holidays by Germans, the world's top spenders on trips abroad, a German travel association said. ...
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The eurozone crisis - an opportunity for Britain? Don't bet on it
Telegraph.co.uk
As the euro's existential crisis spirals out of control, the UK faces another of those defining moments in its relationship with the Continent. Though we are not part of the single currency, and have long recognised its folly, its failings threaten to ...
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Telegraph.co.uk
Euro-Zone Running Out of Time
MarketWatch
Time is running out for a solution to the euro-zone crisis. Heard's Simon Nixon says that the sovereign bond market is dead and that only a euro-zone wide solution will reassure investors.
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Austrian Banks Likely Next Domino in European Debt Crisis
International Business Times
Like that gilded bank building, the wider Austrian banking system is ablaze -- singed not only by the heat of the Eurozone sovereign debtcrisis, but also by the immolation of an Eastern European asset bubble the banks had been underwriting for a ...
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International Business Times
Cotton prices hit by Eurozone crisis, could fall further, say experts
Times of India
Thanks to the European crisis, the demand for textiles has taken a hit bringing down the rates of cotton. Chairman of Commission for Agricultural Costs and Pricing ( CACP) Ashok Gulati said in an email, "The fall was expected in the wake of the ...
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Analysis: Poor German auction spells tough times for euro
Reuters
Traders will see German yields higher and the euro falling and say that is not a good sign. The euro zone crisis is just getting going," said Geoff Kendrick, FX strategist at Nomura. Analysts described the recent widening of differentials between ...
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PRECIOUS-Gold rises on bargain hunting; equities weigh
Reuters
The euro held near seven-week lows against the dollar after poor demand for German government bonds indicated that investors viewed investing in the euro zone as being too risky. "The safe haven bid for gold could come back. For the short-term however, ...
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David Owen: Could financial fair play be ruled offside by an all-out eurozone ...
insideworldfootball (blog)
Here's a thought for these turbulent financial times in Europe: Could UEFA's Financial Fair Play regulations (FFP) survive a collapse of the Euro? These are the rules through which the governing body's boss Michel Platini hopes to saveEuropean ...
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European shares fall on Merkel comments
Reuters
... (Reuters) - European shares fell for the sixth consecutive session in low volume on Thursday after German Chancellor Angela Merkel restated her position against changing the role of the European Central Bank to ease the euro zone debtcrisis. ...
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Forex - GBP/USD clings to gains as euro zone concerns weigh
Moneycontrol.com
Forexpros - The pound clung to small gains against the US dollar on Thursday, hovering just above a seven-week low but concerns over the euro zone debt crisiscontinued to weigh after ratings agency Fitch downgraded Portugal to junk status....
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In the news for the wrong reasons
European Voice
Notably, the euro crisis was the top story on the front pages of many newspapers in the US. Coverage does not equal public concern. Only 6% of Americans claimed that the eurozone debt crisis was the story they were following the most closely (though ...
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Despite Eurozone Crisis, Germany's Business Sentiment Improves
By Barbara Zigah
(eToro Blog) Following a day in which markets were taken by surprise on the newsthat Wednesday's German bund auction failed to sell off all of its issuance, ...Despite Eurozone Crisis, Germany's Business Sentiment Improves. November 24th, 2011 by Barbara Zigah ... Markets took the news with some relief, and pushed the European equities higher, with the German DAX seeing a 1.67% gain, and a slightly smaller gain at 1.56% for the French CAC-40. The Euro also crept higher ...
eToro Blog
XE.com - Coming events in the euro zone debt crisis
Search for a news provider, date, or keywords. 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. Merkel says neo-Nazi ...
XE Forex News
'Banksters make things worse to benefit from the chaos' - Keiser — RT
By RT
Technocrat governments, like the ones in Italy and Greece, will not provide any solutions to the ongoing eurozone crisis, claims financial analyst Max Keiser. Instead, as Keiser told RT, they will only drag Europe into deeper recession.
News RSS : Today
Sarkozy, Merkel and Monti talk euro crisis - The Local
The leaders of the eurozone's three largest economies including German Chancellor Merkel will meet in Strasbourg on Thursday in a bid to resolve their differences over how to handle Europe's critical debt crisis. ... News from the Goethe-Institut. Stuttgart Ballet – Company of the Year 2011. In the year of its 50th anniversary Stuttgart Ballet has been elected “Company of the Year 2011” by theEuropean dance critics in the traditional survey of the journal “tanz”. Change and Continuity in ...
The Local - Germany's news in English
Eurozone Crisis Hits Germany | Atlantic Council
By James Joyner
The Economist's Ryan Avent notes that bad news is "coming fast and thick now" with new shocks coming before the last is digested. He notes that "trouble is growing around the eastern periphery of the euro zone. Poland's zloty is under ...
New Atlanticist
First Blush of the Money Crisis | Gold News
By Adrian Ash
As the US and Eurozone crises roll on, however, crushing Dollar-dependent andEuro-denominated asset prices worldwide, it's unsurprising to find demand to own physical gold and silver bullion surging worldwide, not least as the precious ...
Gold News - Gold Market Analysis...
ekathimerini.com | Euro crisis casts cloud over Germany's ...
But, as George Soros astutely notes, “Angela Merkel then declared that the guarantee should be exercised by each European state individually, not by theEuropean Union or the eurozone acting as a whole. This sowed the seeds of theeuro ...
ekathimerini.com : Latest News
World Economy Counts Cost of Euro Zone Dithering - US Business ...
From credit bottlenecks in eastern Europe to slower growth in China, delays in tackling the euro zone's debt crisis are causing ever-greater economic and financial damage well beyond the borders of the 17-nation bloc.
CNBC Top News and Analysis
Eurobonds: EU Reveals Controversial Debt Solution | Finance News
By A. Valesco
The sharp drop of the euro following the Germany's poor showing at bond auction has made many analysts concerned that the eurozone crisis is having disastrous effects on Germany. Though it is the largest economy in Europe and ...
Finance News
Debt Crisis Live - Telegraph
Debt crisis: as it happened - November 10, 2011. EU warns euro-area and UK could go into recession next year, as Germany and France reportedly discuss ...
www.telegraph.co.uk/finance/debt-crisis-live/
Asia needs further steps amid euro zone crisis ... - Yahoo! News
From Yahoo! News: NUSA DUA, Indonesia (Reuters) - Japanese Prime Minister Yoshihiko Noda said on Saturday Asia needs to consider further steps to avoid ...
news.yahoo.com/asia-needs-further-steps-amid-euro-zone-crisi...
Eurozone crisis: European Union prepares for the ... - The Guardian
As EU politicians desperately try to save euro, plans emerge to deepen the union ,... BusinessDesk: Today's #business news: eurozone crisis live blog, #Dixons ...
www.guardian.co.uk/.../eurozone-crisis-european-union-plans
Last rites for euro? Europe in 'worst crisis since WWII' — RT
Go to main page News Last rites for euro? Europe in 'worst ... Ex-EuropeanCommissioner: that's not a Euro crisis, that's a Eurozone disease. Inefficiency of...
rt.com/news/euro-zone-debt-crisis-349/
Asia needs further steps amid euro zone crisis: Japan PM | Reuters
... Asia needs to consider further steps to avoid a financial crisis as the eurozone's debt ... Japan Prime Minister Yoshihiko Noda talks during a newsconference ...
www.reuters.com/.../us-asia-eurozone-idUSTRE7AI0M52011...
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
Eurozone crisis gives Britain a ...
Facing a round of bad economic and unemployment newsthis week, Cameron ... He said out of the euro crisiscame an opportunity for the EU to rethink its ...
www.guardian.co.uk/.../eurozone-crisis-britain-david-cameron
Business Standard: Euro zone crisis and the future of Central and ...
The mainstream media continued to focus Tuesday on the financial crisis gripping the euro zone. Each day, it seems, the moves of prime ministers and finance ...
business-standard.com/india/news/business...euro.../456549/
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...
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...
arabnews.com/economy/article535321.ece

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