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Nov 14, 2011

GREECE News, Nov 14, 2011


Greek Opposition Leader Gives Government Three-Month Lifespan
BusinessWeek
Papademos will present the government's main policy goals today at the beginning of a three-day vote of confidence in the Greek Parliament in Athens. Greece'stelecommunications regulator said today it raised a total of 380.5 million euros in a sale of ...
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Angela Merkel warns of 'Europe's toughest hour since WW2'
Daily Mail
German Chancellor Angela Merkel today said Europe could be living through its 'toughest hour since World War Two' - as new leaders in Italy and Greece rushed to form governments and limit the damage from the eurozone debt crisis. ...
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Daily Mail
Euro Falls as Italian Borrowing Costs Increase; Franc Weakens
BusinessWeek
The 17-nation euro weakened as policy makers struggled to contain a debt crisis that has forced Greece, Ireland and Portugal to seek bailouts. The euro also declined todayafter Spiegel magazine reported that German lawmakers are preparing for Greece's ...
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PRECIOUS-Gold steady as Italy, Greece offer hope
Reuters
Italy's new Prime Minister Mario Monti will face the first test of confidence when the Treasury auctions up to 3 billion euros of government bonds later today, after yields spiked to unsustainable levels at an auction last week. ...
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USD Broadly Down
Forex Pros
The GBP/USD opened today's session in Asia at 1.6085 and has since given up some of its gains trading around 1.6040. More GBP/USD volatility could be seen over further EU developments to come from Italy and Greece today. USD/JPY: The pair lost momentum ...
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Opening View: DJIA Heads Lower as Wall Street Eyes New Leadership in Italy, Greece
NASDAQ
Stocks in Asia ended higher today, as traders were encouraged by political shake-ups in Greece and Italy. With new political leaders taking the reins in both countries, hopes are high that much-needed austerity measures will be strictly enforced. ...
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FTSE 100 Stocks Decline Amid Concern European Economy Will Weaken Further
Bloomberg
The gauge added 0.3 percent last week as Italy's Senate approved debt-reduction measures and Greece named a new national-unity government. The FTSE All-Share Index dropped 0.7 percent, while Ireland's ISEQ Index rose 0.3 percent today. ...
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Asmussen Says Germany Not Mulling Greek Exit, DAF Says
Bloomberg
By Angela Cullen - Mon Nov 14 11:35:03 GMT 2011 Germany isn't preparing for the possibility of Greece leaving the euro, deputy Finance Minister Joerg Asmussen said in an interview with Deutsches Anlegerfernsehen in Frankfurt today. ...
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Treasuries Drop on Concern Greece and Italy Will Struggle to Tackle Crises
Bloomberg
The Federal Reserve plans to purchase as much as $2.75 billion of Treasuries due from 2036 to 2041 today, according its website. The central bank announced in September it would replace $400 billion of short-maturity debt with longer-term securities to ...
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Swiss Stocks Pare Their Decline; Actelion, Swatch Shares Advance
Bloomberg
By Corinne Gretler - Mon Nov 14 13:37:18 GMT 2011 Swiss stocks were little changed as Italy's borrowing costs increased to a euro-era record at a bond auction and the Mediterranean nation joined Greece in appointing a new prime minister. ...
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Ireland and Greece: Blackjacked by the Banks
CounterPunch
Please, use our secure server (now accepting PayPal) to make a tax-deductible donation to CounterPunch today or purchase a subscription and a gift sub for someone or one of our award-winning books (or a crate of books!) as holiday presents. ...
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Greeks misspent their bus money
BusinessLIVE
The architecture and artworks of Ancient Greece are still marvelled at today. The most translated and read document in the history of mankind is the New Testament written in Koine Greek between 40 and 90 AD. It is in the Greek city-states that we find ...
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Share gains shrink in late sell-off
Sydney Morning Herald
Australian shares ended just 0.2 per cent firmer today, well below the day's highs as early gains made on news of changes in government in Italy and Greece to help resolve debt crises gave way to wariness. The benchmark S&P/ASX 200 index nudged up 8.1...
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Greece and Italy meet their temporary regimes
Today's Zaman
Today, we see the same tableau in Italy and Greece. Concepts such as democracy, civil society and societal opposition have been shelved for the time being. Ideas like “collective bargaining rights” will become just words, wages will be frozen and even ...
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Dow, S&P coming off weekly gains...This week's reports...
NECN
PARIS (AP) — Asian shares rose butt European markets pulled back from early gainstoday as the initial relief over new governments in Greece and Italy gave way to the reality that those countries still face tremendous obstacles. ...
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Greek Opposition Party Rejects Austerity Measures
Firedoglake
The bond yield is rising today, but still under the failsafe of 7%, at 6.69%. Greece'sconservative party leader on Monday vowed to reject any toughening of austerity measures in return for a multi-billion euro bailout, signalling the new coalition ...
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Greece sells cellphone licenses for 380.5 million euros
Vancouver Sun
"The Hellenic Telecommunications and Post Commission (EETT) successfully completed today the spectrum auction process for mobile communication services in the 900 MHz and 1800 MHz bands by raising a total sum of 380535000 euros," the agency said. ...
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Gold Call Options at $2000/oz – Goldman and Credit Suisse Bullish Due to US ...
FXstreet.com
by Mark O'Byrne - GoldCore | View company's profile Gold is marginally lower today on hopes that changes in the political leadership in Italy and Greece might lead to a resolution of the eurozone's debt crisis and prevent contagion and the breakup of ...
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Yen Spikes Up Against Majors
RTT News
Eurozone debt tensions eased after new leadership formed in Italy and Greece. Mario Monti became Italy's new prime minister and the former European Central Bank Vice President Lucas Papademos was sworn in as the new prime minister in Greece. ...
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Globus Maritime Sets Date for the Third Quarter 2011 Results, Conference Call ...
MarketWatch (press release)
ATHENS, GREECE, Nov 14, 2011 (MARKETWIRE via COMTEX) -- Globus Maritime Limited ("Globus" or the "Company"), /quotes/zigman/2380062/quotes/nls/glbs GLBS +4.33% , a dry bulk shipping company, announced today that it will release its financial results ...
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The market keeps surprising
FXstreet.com
We think a falling euro is the “right” way to see the sovereign debt crisis, but the market keeps surprising by having an indulgent attitude toward Greece and Italy. Today'spullback could extend to Wednesday, but don't count on it lasting.
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HB Markets Breakfast Today including: Rolls Royce and Spectris
Proactive Investors UK
Market opening: The UK market is set to open higher, taking a cue from the positive response of Asian markets to the political progress in Italy and Greece (see below). Futures put the FTSE-100 up 35.5 points. New York: Markets rallied on Friday on ...
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Open Society Economist Georgi Angelov: Greek Banks' Units in Bulgaria...
Novinite.com
This explanation sounds like an illusion today, does not it? In fact, Western banks were hit very early on in the global financial crisis - most Western countries had to bail out banks, including Germany, Britain, Denmark, Belgium, etc. ...
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Novinite.com
CANADA FX DEBT-C$ flat on Italy, Greece caution
Reuters
"We've already had a fairly big move today," said Sutton. "We don't have any data. We don't have any big things on the agenda so I suspect we just sort of hover around here." Canadian government bond prices were largely mixed, with the the two-year ...
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Today in the press
RTE.ie
He also criticised actions taken by eurozone governments as "inconsistent", and warned that their plans to involve private sector banks in rescue plans for Greece could add to the eurozone's woes. Such private sector involvement, he said, ...
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Clubpennystocks Alert WatchList: BA (Boeing), RAYS (Raystream Inc), MILV ...
MarketWatch (press release)
The Markets are very weak last week with news out of Italy regarding their borrowing costs... that's how The Greece Bailout started people! Today after Asia was up last night the Italians are taking on a little more debt? That's the way guys dig that ...
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Time running out for supercommittee...Italy and Greece get to work...Funeral ...
9&10 News
Meanwhile, Greece's new prime minister will present his policy platform in parliamenttoday. It comes ahead of a confidence vote later this week in his coalition government that'll have to implement crucial reforms and secure additional bailout money. ...
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U.S. stocks open lower today on soft retail earnngs reports
The Coloradoan
... week higher Friday as it appeared Greece and Italy were making steps toward getting their debt troubles under control. The Dow and the S&P 500 are now positive for the month. The Nasdaq is slightly lower. No major economic reports are coming outtoday.
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Asia Stocks, Copper Rise on Japan GDP
Bloomberg
Photographer: Richard Drew/AP Asian stocks rose the most in a week and copper climbed after Japan's economy grew for the first time in a year and the appointment of new governments in Greece and Italy damped concern Europe's debt crisis will worsen. ...
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Bloomberg
Stock Market Today – Staples (SPLS) Disney (DIS) Corning (GLW) and Applied ...
Best Syndication
American consumers are not fazed by the European crisis while economists and analysts keep a close-eye on the situation in Italy andGreece. Italy passed a key economic reform bill which paved the way for Silvio Berlusconi to step down and Monti to ...
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Best Syndication
Eurozone crisis: live blog | The World | International affairs blog from ...
By FT
14.50: Some unexpected good news from Greece today: Kerin Hope, our correspondent in Athens, reports that whatever the politicians may be up to, Greece's privatisation process took a step forward today with a successful auction of ...
The World
Today: News leaders in Italy and Greece make tough calls on debt ...
Nov. 14: CNBC's Melissa Francis talks about the new leaders in Italy and Greece, temporary officials appointed to make tough decisions about the debt crisis ...
www.bing.com/videos/watch/video/news...in.../6jtgrx2
BBC News - Today - 'Horrible connotations' if Greece leaves euro
Twenty of the world's most powerful leaders have been arriving in Cannes for the G20 summit, where the eurozone crisis and Greece will dominate the agenda.
www.bbc.co.uk/today/hi/today/newsid.../9630585.stm
Economist turned Greek PM vows to keep euro - TODAY News ...
Senior banker Lucas Papademos was named as the prime minister of the new Greekinterim government, charged with keeping the country out of bankruptcy ...
today.msnbc.msn.com/.../economist-turned-greek-pm-vows-sti...
EU to Start Rescue Fund Next Month, Press Greece
Negotiations on a new government continued early today. The Greek turmoil contributed to a 2.5 percent slump in the euro last week. The currency slipped 0.1 ...
www.bloomberg.com/.../eu-to-roll-out-rescue-fund-next-mont...
Greece to name new premier today, official says - CBS News
New interim prime minister would be responsible for shepherding country's much -needed European bailout through parliament.
www.cbsnews.com/.../greece-to-name-new-premier-today-offi...
Greece to name new premier today, official says
New interim prime minister would be responsible for shepherding country's much-needed European bailout through parliament.
www.cbsnews.com/.../greece-to-name-new-premier-today-offi...
Greece? Ancient news compared to Italy - Nov. 7, 2011
NEW YORK (CNNMoney) -- Greece is last week's news. Today investors are worried about Italy, where the cost of borrowing has reached record levels. ...
money.cnn.com/2011/11/07/markets/tweets.../index.htm
5.2 in greece today, and it was shallow... - Realist News
http://earthquake.usgs.gov/earthquakes/r...006pzk.php.
www.realistnews.net/Thread-5-2-in-greece-today-and-it-was-s...
Greece to name new PM today: Officials - Global News
Critical power-sharing talks between Greece's prime minister and the opposition leader dragged on into Tuesday night without the expected announcement of ...
www.globalnews.ca/greece+to+name+new.../story.html
Forex News – Greece's interim PM sworn in today, forms new cabinet
The newly appointed interim Prime Minister of Greece, Lucas Papademos was officially sworn into office today. The former European central banker and ...
www.trading-point.com/forex-news-–-greece’s-interim-pm-sw...
Today's Market Primer: Greece News Is the Driver - TheStreet
News from Europe, particularly Greece, is driving the market Thursday.
www.thestreet.com/.../market-morning-greece-news-is-the-dri...
Greece leader backs down on bailout vote - Arizona News from USA ...
Greece leader backs down on bailout vote - Arizona News from USA Today.
tucsoncitizen.com/.../greece-leader-backs-down-on-bailout-vot...
Today's Market News: Is Italy the Next Greece? - Fox Business ...
Today's Market News: Is Italy the Next Greece? Nov 8, 2011. - 4:16 -. Silvio Berlusconi facing pressure to resign. You must have JavaScript enabled to watch ...
video.foxbusiness.com/.../todays-market-news-is-italy-the-next...
Forex News – Greece's interim PM sworn in today ... - Forex Prediction
Trading Point AÆ–Æ– Forex News – Greece's interim PM sworn Ñ–×— today, forms חеw cabinet. Posted οח November 11, 2011 bу Trading Point Investment Research ...
www.forexprediction.net/forex-news-–-greeces-interim-pm-sw...
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