Today: EUROZONE Debt Crisis News, Nov 07, 2011

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Nov 7, 2011

EUROZONE Debt Crisis News, Nov 07, 2011


Eurozone crisis: Keeping the euro alive means death to democracy
Daily Mail
Crucially, as the former vice president of the European Central Bank, he comes with the Brussels seal of approval. A government led by him will drop silly talk of an EU referendum. And, EU leaders believe, he can also be trusted to push through a debt ...
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Daily Mail
Futures Down as Euro Zone Crisis Deepens
Beacon Equity Research
Stock index futures are falling in trading as worries about the sovereign debt crisisin euro zone heightened. Although Greece is likely to secure further bailout money, investors are now worries about Italy's ability to deal with its debt problems....
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G20 to Hold Yet More Euro Zone Crisis Talks
CNBC.com
G20 nations were “nowhere near a consensus” on using IMF [cnbc explains] resources to fund the European financial stability facility, Mr. Flaherty told the FT in an interview. “There is a view, which I share, that the euro zone countries are relatively ...
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Brent crude slips below $112 on euro zone crisis
Livemint
London: Brent crude oil slipped below $112 per barrel on Monday as worries over political instability in Italy, the euro zone's third biggest economy, overshadowed a coalition deal in Greece, fueling fears of global economic slowdown. ...
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Euro zone crisis: It's Germany's fault
Reuters Blogs (blog)
Not so, according to two policy experts who spoke this week at a conference on the euro zone crisis at the University of Austin's Lyndon B. Johnson School of Public Affairs. They argue that labor reforms in Germany prevented the wages of manufacturing ...
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Eurozone crisis: Germans given £5bn tax-cut thank you
Daily Mail
Mrs Merkel has struggled to persuade her voters to keep funding bailouts for other countries that use the euro. Berlin expects to take in £14billion more in tax this year than previously forecast, the finance ministry announced on Friday. ...
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Daily Mail
Echoes of the crisis
Europolitics.info
Christine Lagarde in Moscow to discuss European debt crisis:The head of the IMF, Christine Lagarde, was in Moscow, on 7 November, for talks with President Dmitry Medvedev on the eurozone crisis – given that Russia has made an offer of financial ...
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Global: G20 Cannes' Summit
FXstreet.com
In addition, the G-20 reached no agreement on how the IMF could assist in resolving the euro-zone debt crisis. Any decisions on how funds could be channeled through the IMF are postponed to a meeting of G20 finance ministers in February. ...
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Inflation, debt crisis hurt euro zone retail sales
Reuters Canada
Inflation, volatile financial markets and stress from Europe's sovereign debt crisisare combining to keep potential shoppers at home, particularly as euro zoneunemployment rose slightly in September. Retail trade in the euro zone also fell 1.5 ...
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Local German currency could be a model for Greece
Reuters
By Natalia Drozdiak BERLIN (Reuters) - An alternative currency introduced in a wealthy German region as a school project eight years ago has turned into a hot commodity thanks in part to the euro zone crisis with 600 businesses and 3000 people trading ...
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As European Debt Crisis Increases, France Unveils New Austerity Plan
TIME (blog)
Instead Fillon rehabilitated the term as the weapon capable of preventing contagion of the euro zone crisis from spreading to France--and brandished it in the form of cost cutting worth $26 billion over the next two years, and nearly $90 billion in ...
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UK OPENING NEWS INCLUDING: The Eurozone crisis could set the UK back by six ...
Proactive Investors UK
The Eurozone crisis could set the UK back by six years according to leading forecasters. The Ernst & Young Item Club said the crisis could push Britain's GDP down by 4%, sending it back to levels it fell to during the recession of 2008-9. ...
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Europe IT spending to fall amid euro crisis: Gartner
Economic Times
Spending on IT by companies and governments will shrink this year in Western Europe and grow only modestly in 2012 as governments cut back their investments due to the euro zone crisis, research firm Gartner said on Monday. ...
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Region tipped on avoiding Euro crisis
East African Business Week
"This is the only way the partner states can also survive the Euro Zone crisis that has affected the European countries," said the EAC deputy secretary general in charge of planning and infrastructure Dr. Enos Bukuku. "The Eurozone has given us lessons ...
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Eurozone Crisis: Both Italy and Europe to Go Bust
Forbes
The EU proudly announced that they had a €1 trillion plan to save the euro. Tonnes and tonnes of money to make everything alright. And they did indeed have a €1 trillion plan: what they didn't have though was €1 trillion. The ECB cannot print it for...
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Sentix euro zone investor morale lowest in over 2 yrs
Reuters
BERLIN Nov 7 (Reuters) - Euro zone investor sentiment dipped to its lowest level in more than two years in November, the Sentix research group said on Monday, adding to fears that the sovereign debt crisis could push the region into recession....
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Gold Down on Eurozone Uncertainty
Gold Investing News
Traders also caution that the fight to save the Eurozone is far from over. Even if the Greece crisis is averted, traders claim that the markets will focus on another struggling European nation: Italy. The whole stability of Europe depends on whether ...
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Gold Investing News
Summitry again proves its own irrelevance
Financial Times
My own interpretation is that the various global crises require solutions outside the standard political space. Bringing an end to the eurozone crisis would require a central bank that acts as a lender of last resort, a common European bond market and, ...
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Collapse of euro 'would leave Britain BETTER off but if it stays we will see ...
Daily Mail
There is increasing concern that core EU nations are planning to use the debt crisis to join forces to 'bulldoze' over British interests, leaving the UK marooned in a permanent voting minority as they integrate further. Alarm on the Conservative ...
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Daily Mail
Sovereign Debt Crisis Canaries In The Mineshaft: Should Markets Be Apprehensi​ve?
The Market Oracle
The Greek crisis is moving on to the next rung of a step-by-step default and exit from the Eurozone as the present prime minister steps down and the new coalition government lasts but for a short time to try to restore confidence in the euro plan...
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Germany's Crisis Benefit
Wall Street Journal
By RICHARD BARLEY Not everyone is a loser in the euro-zone debt crisis. The enthusiasm for all things German in the fixed-income world is palpable. That is delivering a major payoff for Europe's biggest economy. Germany Monday issued a six-month bill ...
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Bayer builds $5B liquidity cushion amid euro crisis
FiercePharma
Besides the potential effects on the credit markets, the eurozone crisisrepresents another threat to Bayer, as well as other pharma concerns. Public health systems have been increasingly slow to pay their drug bills, putting drugmakers in a tough ...
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Crude Oil Under Fire as EU Crisis Hits Italy, Gold Looking to Fed-Speak
DailyFX
On one hand, the potential collapse of a large Euro Zone member state is certainly everyone's worst-case scenario for the debt crisis' endgame, with gold finding support as a hedge against an outright collapse across financial markets akin to the one ...
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UK minister says eurozone crisis hitting economy
Business Recorder (blog)
"After all, three million jobs in the UK depend on our trade with the EuropeanUnion, and those people and those businesses are affected by the uncertainty. "Equally of course, having a resolution to the eurozone crisis is in a sense the most important ...
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Slowing China Won't Rescue the Eurozone
EconoMonitor (blog)
I was in China for much of last week, watching the eurozone crisis unfolding from a safe distance. There have been many contenders but this was the eurozone's worst week. Greece's on-off referendum may have all been about domestic politics but it also ...
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Turbulent week in the euro zone | Olive Press Newspaper | News
By Smart Currency Spain
European Central Bank could stop buying Italian bonds if it concludes that the country is not adopting the necessary austerity measures.
Olive Press Newspaper
Euro zone crisis: It's Germany's fault | MacroScope
By Pedro da Costa
Not so, according to two policy experts who spoke this week at a conference on the euro zone crisis at the University of Austin's Lyndon B. Johnson School of Public Affairs. They argue that labor reforms in Germany prevented the wages of ...
MacroScope
Bank exodus from euro zone sovereign debt ... - OzHouse Alt News
By goodlad
LONDON/PARIS (Reuters) – Banks including BNP Paribas and ING are ditching billions of euros of euro zone government bonds, cutting their exposure to the region's trouble spots. More lenders are expected to retreat as the euro zone crisis...
OzHouse Alt News
German Gold Reserves 'Untouchable' for EFSF, Roesler Says ...
By Google Inc.
German econ min: gold reserves cannot be touchedReuters. G20 to Hold Yet MoreEuro Zone Crisis TalksCNBC.com. G20 seeks more talks on eurozone crisisFinancial Times Irish Times -MarketWatch -EUobserver.com all 34 newsarticles » ...
Wall Street Financial News
XE.com - RPT-UPDATE 1-Inflation, debt crisis hurt euro zone retail ...
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. RPT-UPDATE 1-Inflation, debt crisis hurt euro zone retail sales. Top Articles ...
XE Forex News
Euro Zone Debt Crisis: Italy: Too Big to Fail, Too Big to Save? - CNBC
GM to Double China Sales by 2015 Despite Slowdown · China, US Withstand Europe's Turmoil · G20 to Hold Yet More Euro Zone Crisis Talks · Pursuing a Piracy Claim Against Apple · Euro Zone September Retail Sales Falls Below Forecast .... Yves Mersch, a member of the central bank's Governing Council, warned in an interview with Italian newspaper La Stampa on Sunday that it could stop buying Italian bonds if Italy fails to take appropriate action over its debt. "They are trying to ...
CNBC Top News and Analysis
NewsDaily: Euro zone countries could split, says Goldman Sachs exec
NewsDaily: Your best source for breaking news ... Italy is seen as the next domino that could fall in the euro zone crisis, with yields on its 10-year bonds reaching 6.38 percent, close to the 7 percent threshold widely viewed as unsustainable. ...
NewsDaily: Top Headlines
Live blog: Eurozone crisis | The World | International affairs blog ...
By Orla Ryan
Investors must get a clear idea about safety and returns before they offer money for the European Financial Stability Facility, a key part of the EU's bail-out package for Greece, China's official Xinhua news agency said in a Monday commentary ...
The World
Djon's news -
By djonbri
Italy IS Seen as the next domino in the fall That Could euro zone crisis, with Yields on ITS 10-year bonds Reaching 6.38 percent, close to the 7 percent threshold Widely viewed as unsustainable. A member of the ECB on Saturday WAS ...
Djon's news
Euro zone's political bumbling risks global gloom ... - Rocket News
By Editor - Business News
Euro zone's political bumbling risks global gloom (Reuters). Written on November 7, 2011 by Editor - Business News. L'ISLE-SUR-LA-SORGUE, France (Reuters) – The euro zone's repeated failure to tackle its debt crisis is catapulting the bloc ...
Rocket News
Treasury minister says euro zone crisis hitting economy - Yahoo! News
Read 'Treasury minister says euro zone crisis hitting economy' on Yahoo! News. LONDON (Reuters) - Treasury minister Danny Alexander said the euro zone ...
news.yahoo.com/treasury-minister-says-euro-zone-crisis-hittin...
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...
'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/
Debt crisis: live - Telegraph
http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html? service= .... It's for the eurozone to support the euro - the G20 withheld specific IMF .... 12.05 Reports are now coming through from Italian news agencies that ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
Eurozone crisis: Greek PM George Papandreou stands down from ...
MailOnline - news, sport, celebrity, science and health stories ... He will step in after Athens gave in to EU demands to install a coalition government of 'national ...
www.dailymail.co.uk/.../Eurozone-crisis-Greek-PM-George-Pa...
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/
BBC News - Eurozone crisis: What it means for East and West
Eurozone leaders have turned to China for help in boosting their bailout fund. ... It will take trillions of euros to contain the crisis and the pain will be immense. ...
www.bbc.co.uk/news/magazine-15619946
The euro-zone crisis: China to the rescue? | The Economist
Then again, we have been here many times before during the euro-zone saga. ...The euro crisis: The Greeks will vote on something, and other euro news ...
www.economist.com/blogs/freeexchange/.../euro-zone-crisis-4
Eurozone crisis: Keeping the euro alive means death to democracy
By James Chapman The Greek leader has bowed to Brussels and made it clear he will step down to make way for an EU-approved coalition government. ...
www.dailymail.co.uk/.../Eurozone-crisis-Keeping-euro-alive-...
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...
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