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Nov 2, 2011

GREECE Today, Nov 02, 2011


Greece crisis: Papandreou's euro referendum is a gamble too far
The Guardian
The import of Papandreou's move, however, is that it has put the real dilemma of this crisis in front of the Greek people. If debated freely, there would be no guarantees that the Greeks would opt for the euro. And if they chose to quit, it is possible ...
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The Guardian
Leaders call crisis talks as euro hangs in the balance
TVNZ
Papandreou frames the debate, either on the bailout - and the painful cuts it demands - or membership of the euro, which remains popular. Greece's European partners will press for the latter. German Chancellor Merkel struck the same tone of ...
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Crude Gains on European Debt Crisis Talks as U.S. Fuel Stockpiles Decline
Bloomberg
By Yee Kai Pin and Grant Smith - Wed Nov 02 12:09:19 GMT 2011 Oil rose in New York for the first time in four days on speculation European leaders will push Greeceto accept their rescue plan, reducing the chances the region's debt crisis will worsen ...
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Why Germany is as much cause of crisis as Greece
Firstpost
After all, it is the biggest beneficiary of the euro project. If you don't believe this, one set of figures should explain why: even as total unemployment in the eurozone crosses double-digits (it's over 16 percent in Greece and over 21 percent in ...
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Firstpost
PM offers extra cash to bail out Euro economy
NEWS.com.au
Ms Gillard warned the moves by Greece to hold a referendum on the planned debt bailout has put the European crisis in "fast forward". She said she would push for other countries to join Australia in boosting funding for the IMF as a global buffer. ...
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NEWS.com.au
Nikkei falls over 2 pct on fresh flare-up in Greece worries
Reuters
Other big losers included construction equipment maker Komatsu Ltd , which had been sold off last month as fears about the European debt crisis intensified and then gained sharply on signs of progress towards a solution. Sony Corp also lost ground ...
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European Leaders Have Mismanaged Debt Crisis, Intesa Chief Says
BusinessWeek
European leaders are struggling to prevent the crisis from spreading to Italy and Spain. They agreed last week to boost the European Financial Stability Facility's firepower to 1 trillion euros ($1.4 trillion), set aside 100 billion euros for Greece ...
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Greece shocks markets with referendum on austerity
eTaiwan News
On Monday the US securities firm MF Global Holdings Ltd. became the first big casualty of the European debt crisis on Wall Street. The company filed for bankruptcy after concerns about the company's holdings of European government bonds caused its ...
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Gold prices firm as Greek debt crisis fear returns
Economic Times
SINGAPORE: Gold prices firmed on Tuesday, riding on renewed safe-haven demand as fears about Greece's debt crisis returned after its government shocked the markets with a call for a referendum on a European Union aid deal. Greece's cabinet decided...
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Why George Papandreou's Referendum Is Good for the European Crisis
Minyanville.com
If so, new elections loom and then more haggling and ultimately an exit from the euro, because Greece can't survive in a currency union with Germany without turning into either a basket case or a German colony. Whether Papandreou stays or goes, ...
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Festering anger, Nazi war crimes and the £60bn the Greeks believe the Germans ...
Daily Mail
The memory of that travesty has been reignited this week by Greeksangry at the austerity measures being imposed on them — primarily by Germany as it seeks to stop the euro crisis spinning out of control. 'There have been reparations to individuals, ...
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Daily Mail
Europe's debt crisis: we may need China's money
The Guardian (blog)
Larry Elliott points out that George Papandreou may just win public consent for his austerity plans since, as I said here yesterday, even moreGreeks (70%) want to stay in the euro than want (60%) to end self-harming austerity. "Greece is now a bigger ...
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The Guardian (blog)
EFSF Said to Plan Delay in 3 Billion-Euro Bond Sale
Bloomberg
Europe's leaders agreed last week to boost the 440 billion- euro EFSF to 1 trillion euros to help contain the region's sovereign debt crisis, which has threatened to spread beyond Greece. The fund is overseen by theeuro-area countries and owes its top ...
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Bloomberg
Euro crisis will define G-20 summit starting Thursday
USA Today
The debt crisis has hit hardest in Greece, where the government has been forced to cut services and raise taxes. "The G-20 meeting becomes all the more difficult now that the (European Union's) bailout plans are effectively on hold," says Charles ...
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David Zervos: This Is How the Euro Crisis Will End
CNBC.com
It's not unlike the loss distribution for the subprime crisis. You were never going to get the homeowner to pay, so it had to be the taxpayer. Zervos expects Greece to leave, if not soon, then down the road, at which point the large countries will ...
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Crisis mounts around Italy's Berlusconi
Reuters
Greece's surprise decision to call a referendum on austerity measures demanded by the European Union has thrown markets into turmoil and worsened fears about the stability of other heavily indebted economies like Italy. As the market turmoil has ...
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E-Mini S&P 500: Sovereign debt…the kiss of death?
Inside Futures
by DeWayne Reeves of CFRN The E-Mini S&P 500 has been further pressured on the sovereign debt crisis and the domino effect stemming from it! Greece complicated thecrisis further by calling for a referendum on the latest Euro Zone bailout deal. ...
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Preventing Financial Crisis 'True Test' for G20
HispanicBusiness.com
... the euro zone will present its new plan to recapitalize and strengthen European Union banks, using its new EuropeanFinancial Stability Facility to enable Italy and Spain to roll over government debts, while assisting Greece, Portugal and Ireland, ...
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HispanicBusiness.com
EURO GOVT-Bunds pare gains; markets wary over Greece, Italy
Reuters
Analysts have said a negative outcome to the Greek referendum would raise the risks of a disorderly Greek default -- with far-reaching consequences for other peripheral bonds and Greece's possible exit from the euro. On Thursday, investors will be ...
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Britain, Watching Europe, Seeks to Preserve Influence
New York Times
By JULIA WERDIGIER LONDON — Even as Britain hopes for an end to the debt crisisplaguing the euro zone, it also fears an outcome that may threaten its influence in theEuropean Union and London's role as a financial center. Prime Minister David ...
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Crisis deepens ahead of G-20 meeting
Livemint
Not since the global financial crisis of 2008 has a meeting been held in less ominous circumstances. Greece's shock decision to hold a referendum on its euro zone bailout package sent investors scurrying for safer investments on Tuesday, ...
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Indian shares up 0.5 pct in choppy trade; Mahindra rises
Reuters
MUMBAI, Nov 2 (Reuters) - Indian shares rose 0.5 percent in choppy trade on Wednesday on value buying after last two sessions' fall, but the gains were capped by worries over the euro zone debt crisis after Greece's call for a referendum. ...
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Treasuries Rise as Call for Greece Referendum Fuels Concern
San Francisco Chronicle
"Psychologically, the swap spread brings the credit issues of the whole euro crisis to the forefront," said Suvrat Prakash, an interest-rate strategist in New York at BNP Paribas SA, one of the 21 primary dealers that trade with the Fed. ...
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TSX may open higher ahead of US policy meeting
Reuters
Nov 2 (Reuters) - Toronto's main stock index looked set to open slightly higher on Wednesday, with investors awaiting developments on the Greece debt crisis and a US monetary policy meeting later in the day. * Canadian equity futures pointed to a ...
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IFR: Big swings on Greece, PMI, EFSF bond
Reuters
"No one will be able to doubt Greece's course within the euro." After the show of unity at home, Papandreou will face the leaders of France and Germany, who summoned him for crisis talks in Cannes, before a G20 summit of major world economies, ...
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Greeks turn anger on immigrants — RT
By RT
Go to main page News Greeks turn anger on immigrants. MORE ON THE STORY. Anti-austerity protesters hold a Greek flag reading ... Despite causing turmoil on world markets and the shocked reaction from other European states, George Papandreou has won the support of the cabinet after an emergency meeting in which he said the move would pave the way for Greece staying in the euro. Eurozone crisis · Poster of German Chancellor Angela Merkel in SS guard uniform ( picture ...
News RSS : Today
Indian markets close flat as Euro crisis News
By Staff
Mumbai, Nov 2 (IANS) Indian equities markets Wednesday closed flat, paring intra-day gains, amid concerns that the European debt crisis could compound after Greeceannounced its intentions to hold a referendum on a bailout deal agreed ...
News One
How the Greek & European Debt Crisis Impacts Consumer Bank Rates
By Sol Nasisi
Over the past two years, the news has occasionally focused on the slow-moving debt debacle that is taking place in Greece and several other members of the EuropeanUnion. It's easy to dismiss what is happening in Europe as something ...
BestCashCow.com - Bank and Financial...
XE.com - TIMELINE-Greece's debt crisis
News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles. TIMELINE-Greece's debt crisis .... the debt crisis. Oct. 27 - Euro zone leaders strike a deal with private banks. and insurers for them to accept a 50 percent loss on their Greek. government bonds under a plan to lower Greece's debt burden. Oct 31 - Papandreou calls a popular vote on its latest. bailout without consulting with European leaders. Nov. 2 - Papandreou faces a ...
XE Forex News
EU Leaders Hold Pre-G-20 Crisis Talks to Push Greece on Bailout ...
By RSS Feed
(For debt crisis news, see EXT4. GMEET for G-20 stories.) Nov. 2 (Bloomberg) —European leaders racing to prevent their week-old debt crisis strategy from unravelling convene emergency talks today to tell Greece there is no alternative to ...
Clearing and Settlement — Clearing...
Greece's decision to hold referendum boosts double crisis chances ...
By BNN
Baltic newsNews from Latvia, BNN-NEWS.COM, BNN-NEWS. Valdis Dombrovskis. The fact Greece is set to hold a referendum on the European debt deal boosts chances of the second wave of crisis, says Prime Minister Valdis Dombrovskis. ...
BNN-NEWS.COM
2-Nov-11 World View — Euro in Crisis Again as Greece Melts Down ...
By John J. Xenakis
... -after-referendum-bombshell%2F2-Nov-11+World+View+--+Euro+in+Crisis+Again+as+Greece+Melts+Down+After+Referendum+Bombshell2011-11-02+12%3A55%3A42John+J.++Xenakishttp%3A%2F%2Fbigpeace.com%2F%3Fp%...
Big Peace
Greece on Brink of Collapse in Euro Crisis! « Socio-Economics ...
By mosesman
Greece on Brink of Collapse in Euro Crisis! Above, lightning over the Parthenon temple, on the Acropolis hill in ... A No vote could mean Greece is forced to withdraw from the single currency, raising doubts about the euro's value and wiping trillions off the value of shares and loans across the continent. - The renewed global turmoil overshadowed the release of better than ... Govt Bond Yield Surges Past 200% ! Euro Stress, Financials & Fear! Stocks Slide on Greek Referendum News! ...
Socio-Economics History Blog
Greece crisis: Papandreou's referendum is a gamble too far « Greek ...
By The grapher
The crisis seen from a left perspective. About Greek Left ... The referendum announced on Monday by the Greek prime minister, George Papandreou, is probably the final bell before Greece defaults and quits the euro. Assuming it is not ...
Greek Left Review
European Debt Crisis Greece's Papandreou On EU's Deal Nov 2 ...
By Lior
Reporting and Analyzing Energy & Metal News from Around the Globe. Home · About · About · Advertising on Trading NRG · Contact · Gold · Silver · Oil ... Following last week's EU agreement on a reduction on the Greek debt, it seems that the crisis isn't averted just yet: the Prime Minister of Greece Papandreou has put the EuropeanUnion's debt plan to a public vote by the Greek nation, i.e. referendum. The referendum plan of Papandreou was backed up by the Greek parliament. ...
Trading NRG
Debt crisis: live - Telegraph
10.50 Hmm, embarassing fat finger over at the AFP news agency - at 10.35 came the headline "European plan to save Greece is off the table: German foreign ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
Greek PM convinces cabinet to push referendum deal ahead - World ...
Papandreou to face France, Germany leaders at crisis talks ... Jump to video Greeceto hold referendum on European bailout. video .... More world news ...
www.msnbc.msn.com/id/45114513/ns/world_news-europe/
Greece throws euro bailout into fresh crisis | Business | The Guardian
Greece referendum on bailout plan means euro crisis enters critical phase ... Zeitgeist is an experiment in showing trending news, topics and articles from the ...
www.guardian.co.uk/world/.../greece-euro-bailout-fresh-crisis
Greece threatens new euro zone crisis| News24
Greece threatens new euro zone crisis| News24|World|News| Greek PM has threatened the euro zone with a new crisis with his shock announcement that he will hold a ...
www.news24.com/.../Greece-threatens-new-euro-zone-crisis-2...
UTV News - Greece crisis: Papandreou's euro referendum is a ...
Costas Lapavitsas: In an open debate the Greek people are unlikely to chose to stay in the euro – something September's protests made clear.
www.u.tv/.../5d236bb4-d12f-423e-8570-d882fd60118e
Midi-Pyrenees News : Euro crisis - Greece and Italy under the ...
30 October 2011 - Midi-Pyrenees News : Euro crisis - Greece and Italy under the spotlight again.
www.guide2midipyrenees.com/.../Midi-Pyrenees-News--Euro-...
Greece referendum: Crisis deepens as Greek National Defence ...
Shock: French President Nicolas Sarkozy spoke last night of European leaders' surprise at Greece's. Crisis talks: French President Nicolas Sarkozy and ...
www.dailymail.co.uk/.../Greece-referendum-Crisis-deepens-Gr...
Greek PM sticking to referendum plan - RTÉ News
European stock markets tumbled today, hit by fresh fears for the euro zone crisisafter Greece's news. Referendum news a "grenade" - Creighton. A leader in ...
www.rte.ie/news/2011/1101/greece-business.html
BBC News - Greek crisis: Papandreou promises referendum on EU ...
Greece is to hold a referendum on austerity measures demanded by the EU, its PM says, in a move that could threaten the deal on the euro debt crisis.
www.bbc.co.uk/news/world-europe-15526719
Greece Referendum Reignites Euro Crisis | The Manila Bulletin ...
Greece Referendum Reignites Euro Crisis. By JOHN HADOULIS. November 2, 2011, 11:31pm. ATHENS (AFP) – Greece plunged the eurozone back into crisis ...
www.mb.com.ph/.../greece-referendum-reignites-euro-crisis
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