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Nov 6, 2011

EUROZONE Crisis News, Nov 06, 2011

Eurozone crisis hitting British business confidence, says Danny Alexander
Telegraph.co.uk
"After all, three million jobs in the UK depend on our trade with theEuropean Union, and those people and those businesses are affected by the uncertainty. "Equally of course, having a resolution to the euro zone crisis is in a sense the most ...
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Insight: Euro has new politburo but no solution yet
Reuters
But the crisis may have to get still worse before the Germans and the ECB relent, if they ever do. The Frankfurt Group has already had an impact in euro zone crisismanagement but like all informal core groups it has begun to stir resentment among ...
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Eurozone crisis: how grim would bankruptcy be for Greece?
The Guardian
There is no script to follow when a country goes bust, but as Greece stares into the abyss that would open up if it left the euro, the gravity of the situation has prompted UBS's Stephane Deo to quote Keynes: "Lenin was certainly right. ...
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In da Crisis: Greek hip hop of sold-out generation
RT
As talks continue to try to find a resolution to the euro zone crisis, RT has found a group of people who are cutting through the political rhetoric and telling it how it really is -- Greek hip hop artists, "Soul System." There will be no finance ...
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Debt crisis: Where do a rattled Greece and EU go from here?
Christian Science Monitor
Instead, the G20 became an emergency session on a deepeningEuropean debt crisis, and starkly raised the need for the reform of EUpolitical and economic systems. As Europe struggles to stop the euro crisis now roiling Greece from spreading more ...
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Christian Science Monitor
We mustn't overlook the role of politics in the eurozone crisis
The Guardian
This is a good article by William Keegan, but more could be said about the entry of Greece into the Euro-zone; after all it was delayed for one year, so that Greece could meet/pass Economic targets. Somewhere along the line the actual economic facts ...
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The Guardian
G20 to eurozone: get your house in order
BusinessLIVE
French President Nicolas Sarkozy, who chaired a summit hijacked by theeuro crisis, said Berlusconi volunteered to accept extra scrutiny as he was "aware of market doubts over implementation of the plan". Given the size of its economy, Italy poses a ...
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BusinessLIVE
The Euro elite are totally out of touch with the modern world
Telegraph.co.uk
True enough, but also politically pivotal: it is of the utmost importance to Conservative electoral prospects that the public buys into the claim that the eurozone crisis bears much of the blame for the sheer duration of their hardships. ...
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Telegraph.co.uk
Chaos in Greece amid battle to form a 'government of national salvation'
The Guardian
A lack of consensus would worry our European partners over our country's will to stay in the eurozone," declared Papandreou who hours earlier narrowly survived a vote of confidence in parliament. "Consensus is essential for the country," he said, ...
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The Guardian
Balancing the US economy and Greece
Reuters India
Looked at from one standpoint, this was like saying to investors that if the euro zone crisis starts dragging Europe into recession, the Fed is there to help bail out world growth and maintain flows into riskier assets. Conversely, if the euro zone ...
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European indecision is taking us all to the brink
Irish Independent
The Greek referendum, had it gone ahead, would have posed a choice between accepting a terrible deal for Greece, which offers no solution to the eurozone crisis (it has moved across the Adriatic to Italy) or opting for financial chaos and political ...
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Canada's Flaherty says G20 likely to meet before February
Reuters
By Annika Breidthardt BERLIN (Reuters) - G20 leaders are likely to meet before their next scheduled summit in February to try and restore market confidence battered by the euro zone debt crisis, Canada's finance minister said on Saturday, ...
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Reuters
Bayer Lifts Liquidity Buffer Due To Euro-Zone Debt Crisis -Report
Fox Business
In addition to the liquidity management, Baumann finds it more challenging to handle the financial development in the health-care system of the southern European countries incrisis. "We have unacceptably high levels of outstanding bills in the public ...
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China says Europe will overcome debt crisis
Reuters
"China has always supported Europe's response to the international financial crisis and its economic recovery efforts," he said. The euro zonehas been looking to China play a role in supporting its rescue fund by investing some of its $3.2 trillion in ...
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Reuters
Europe: the worst-case scenarios
CNN
Once Greece sets a precedent of leaving the euro zone, investors might think the same is possible for other troubled economies, most notably Italy and Spain. If investors see that Greece was able to leave the eurozone and default on its debt, ...
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Solution to eurozone debt crisis entails decade long: Merkel
Xinhua
It is out of the concern that the firepower of the 440-billion-euro rescue fund EFSF will not be enough, in case the larger eurozone's member states might falter in the chain reactions during the crisis.
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Merkel Rejected IMF SDRs to Fund EFSF
Wall Street Journal
By WILLIAM BOSTON BERLIN -- A plan to have the International Monetary Fund issue its special currency as a powerful weapon in Europe's efforts to contain the wideningeuro-zone debt crisis was blocked by German Chancellor Angela Merkel, according to a ...
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Berlusconi Rejects Calls to Resign Over Fiscal Crisis
Wall Street Journal
... Minister Silvio Berlusconi on Saturday rebuffed calls to resign as thousands of protesters poured into the streets criticizing his handling of Italy's economy and calling for new leadership to steer the country out of the euro-zone debt crisis. ...
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Wall Street Journal
Euro's strength looks uncertain amid debt crisis
The National
Euro Zone The National charts Europe's struggles as it attempts to through of financial crisis. Learn more The plan relies on a mix of financial engineering gimmicks and vague promises of modest Asian funding. Even the best part of the plan, ...
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The National
Greece and the future of the eurozone
Aljazeera.net
Despite efforts by European leaders to solve the euro crisis, fresh doubts have surfaced about the eurozone's viability. Early on the morning of October 27, German Chancellor Angela Merkel and French President Nicholas Sarkozy announced what was...
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Germany's eurozone trilemma
Financial Times
Until Berlin relents on one of them, the euro crisis is likely to rumble on. If Germany was to leave the euro, its banks – which have made loans across the eurozone – would collapse. Germany would also risk ejection from the EU. ...
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Why Investors will buy Italian bonds after ECB monetisation
Credit Writedowns
I added the part about speculators because that's how policy makers in Europe think about this crisis. The point is that this is a moral hazard. The only way to credibly force countries within the euro zone to get onboard with fiscal tightening is ...
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Rain on Sarkozy's parade just latest in a string of humiliations COMMENT
The Australian
That is why there is such a complex system of institutions and leaders, which will soon grow with a new president for the 17 nations that use the euro. There had been hopes that splitting the 27-nation EU into a more tightly co-ordinated eurozone ...
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Forex - Weekly outlook: November 7-11
Moneycontrol.com
Risk appetite was hit on Friday after German Chancellor Angela Merkel said that few countries in the Group of 20 nations had committed to providing more resources for theeuro zone's rescue fund. Investors were also jittery ahead of a government ...
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PM worried over contagion
mydigitalfc.com
His scheduled “pull asides” with the presidents of the European Council and EuropeanCommission, Herman van Rompuy and Jose Manuel Barosso, also did not materialise on Friday, with the EU leadership caught in fire-fighting the euro zone crisis. ...
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Where's the port in this euro storm?
The Independent
If Greece were the only country to be sliding to the euro exit door, then the crisis would not be all that bad. But in addition we have Portugal, Ireland – which despite undergoing an economic recovery is still in the eurozone emergency ward – Spain ...
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Sensex Slips 1.36 percent on Euro Debt Concerns
Daijiworld.com
Mumbai, Nov 6 (IANS): Indian equities markets shed some of their last week's gains with benchmark indices slipping about 1.4 percent as investors across the globe continued to be worried over the Euro zone debt crisis. During the week, the 30-scrip ...
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Greece Votes To Keep Its Head, For Now
NPR
Now, this followed last week's $180 billion dollar bailout deal reached with the EuropeanUnion and Mr. Papandreou's controversial proposal to put that deal to a popular referendum. This comes as the handling of the Eurozone crisis by the French and ...
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Soverein debt crisis isn't over, warns EU bank boss
The Citizen Daily
European Central Bank (ECB) President Jean-Claude Trichet said in an interview in a German newspaper to be published today that the euro zone sovereign debt crisis was not yet over and that it was too early for the all-clear signal. ...
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'Euro could be dead in a month' — RT
By RT
Greek PM George Papandreou is aiming to form a coalition government and push through an international bailout package. However Patrick Young, executive director of investment advisory firm 'DV Advisors' views the situation as a political ...
News RSS : Today
The EU Debt Crisis has Not Been Solved: If ... - OzHouse Alt News
By OzHouse
Contact us and tell us what you know. Related posts:The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System Gold Climbs, Nears Record as Europe's Sovereign-Debt Crisis Fuels Demand China's Wen heads to Europe worried by… more. ... We understand there is just one copy of the treaty and that is in English and is rather odd, when English is not the first language of any of the euro zonecountries. Yes, most all of the parliamentarians read English, but ...
OzHouse Alt News
Bonjour Paris - France News: G20 Summit in Cannes, Charlie ...
But discussion—and nerves—were largely focused on the euro zone crisis. Who was the man of the hour? Or perhaps the man of much ridicule and scrutiny? George Papandreou, the Greek Prime Minister. The European Union recently ...
BonjourParis.com
'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/
Eurozone crisis: So Labour saved us from the euro project? Oh ...
MailOnline - news, sport, celebrity, science and health stories ... Yet more UK billions to bail out euro: As Greek crisis deepens, Cameron raises commitment to ...
www.dailymail.co.uk/.../Eurozone-crisis-So-Labour-saved-eur...
Debt crisis: live - Telegraph
Jose Manuel Barroso, president of the European Commission, with Nicolas ... Visit the Telegraph Finance page for the latest on the eurozone debt crisis. ... 21.48 An observation by Nick Malkoutzis, deputy editor of the Kathimerini newspaper: ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
Greek government teeters, euro zone crisis deepens after ...
Greek government teeters, euro zone crisis deepens after referendum news. 'The crisis ... has taken on uncontrollable dimensions and is threatening the ...
msnbc.msn.com/id/45114513/ns/world_news-europe/
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 zone crisis: As it happens | Reuters
(Reuters) - Here is a snapshot of the euro zone crisis as G20 leaders meet in Cannes. All times are GMT:* 1454 -- IMF head Christine Lagarde said that the ...
www.reuters.com/.../us-eurozone-crisis-developments-idUSTR...
G20 Summit Focuses on Eurozone Debt Crisis | News | English
... with the summit dominated by the European debt crisis and questions about a ...the euro, in the eurozone and a strong partner in Europe," said Papandreou. ...
www.voanews.com/.../Obama-Pushes-for-Eurozone-Debt-Crisi...
BBC News - How France views the eurozone crisis
How France views the eurozone crisis. Matthew Price By Matthew Price Europecorrespondent. TGV train passes in front of billboard showing an enormous eye ...
www.bbc.co.uk/news/business-15567028
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
Summit deal on euro zone crisis looks elusive | ABS-CBN News ...
BRUSSELS - Prospects for a comprehensive deal to resolve the euro zone debt crisisat a summit on Wednesday look dim, with deep disagreement remaining ...
www.abs-cbnnews.com/.../summit-deal-euro-zone-crisis-looks...
Euro zone crisis - Nov 3 as it happens
Nov 3 (Reuters) - Here is an ongoing snapshot of the euro zone crisis as G20 leaders meet in Cannes. * 0945 -- China's Hu says BRICS discussed Euro zone ...
www.reuters.com/.../eurozone-crisis-developments-idUSL5E7...
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...
Is the euro-zone crisis getting better or worse?
That in turn will fuel the fear that the euro zone is losing control of this crisis. (See more polls, discussions and hot topics.) What happened to "About ...
online.wsj.com/...view.../euro-zone-crisis-getting-better-worse

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