IRELAND, Portugal, Spain, Italy, Greece News, Nov 07, 2011

Jefferies Cuts Sovereign Holdings Almost 50% for Five EU Nations BusinessWeek 7 (Bloomberg) -- Jefferies Group Inc. cut gross holdings in sovereign securities ofPortugal, Italy, Ireland, Greece and Spain by almost 50 percent since last week's close of trading to show how easily it can reduce funds at risk. ... See all stories on this topic »

Italy Yield Surge Sets Berlusconi on Bailout Path: Euro Credit Bloomberg By John Glover - Mon Nov 07 11:51:14 GMT 2011 With almost 1.6 trillion euros ($2.2 trillion) of bonds outstanding, Italy has more liabilities than Spain, Portugal and Ireland combined, making it vulnerable to increases in borrowing costs. ... See all stories on this topic » Bloomberg

Europe Timeline: Maastricht to Papandreou Bloomberg April 27: Ireland can “easily” weather the impact of the Greek crisis on financial markets, the country's debt agency head said. April 27: S&P become first rating company to cut Greece to junk, downgrades Portugal to A-. April 28: S&P cutsSpain's ... See all stories on this topic »

Papandreou is latest victim of Europe's debt crisis Vancouver Sun BRUSSELS - George Papandreou on Monday became the latest national leader tumbled by Europe's festering debt crisis after the fall of governments in Portugal,Ireland and Slovakia, an early election in Spain, and doubts over the fate of Italy.... See all stories on this topic »

Market Nervousness About Italy Not Justified, Schaeuble Says Bloomberg ... drove Greece, Ireland and Portugal to seek bailouts. It climbed 29 basis points to 6.63 percent at 4:36 pm London time. With almost 1.6 trillion euros ($2.2 trillion) of bonds outstanding, Italy has more liabilities than Spain, Portugal andIreland ... See all stories on this topic »

Greece cobbles together interim government as Italy teeters Christian Science Monitor Italy's crisis has deepened in recent days. Italy's debt servicing costs on bond yields are approaching the 7 percent mark that prompted Ireland and Portugal to seek bailouts. Prime Minister Silvio Berlusconi is under increasing pressure to step down, ... See all stories on this topic » Christian Science Monitor

UK Stocks Drop on Concern Debt Crisis Is Spreading to Italy BusinessWeek With almost 1.6 trillion euros ($2.2 trillion) of bonds outstanding, Italy has more liabilities than Spain, Portugal and Ireland combined, making it vulnerable to increases in borrowing costs. Berlusconi triggered the latest surge in yields after ... See all stories on this topic »

Oil Rises to Three-Month High on Possible New Leaders in Europe BusinessWeek “The current system in Europe is struggling to come to terms with the financial difficulties in Italy, Greece, Portugal and Spain. There's a feeling that a change in political leadership may be the needed answer.” Crude oil for December delivery rose ... See all stories on this topic »

Germany's eurozone trilemma Financial Times All this means Berlin cannot afford to walk away from the solvency and liquidity crisis that is afflicting the so-called peripherals (Portugal, Italy, Ireland, Greeceand Spain). Hence, the latest bail-out package announced on October 27. ... See all stories on this topic »

Jefferies Rises After Reducing European Sovereign Holdings BusinessWeek 7 (Bloomberg) -- Jefferies Group Inc. climbed as much as 8.5 percent after it cut gross holdings in sovereign securities of Portugal, Italy, Ireland, Greece andSpain by almost 50 percent since last week's close of trading to show how easily it can ... See all stories on this topic »

Euro zone finance ministers meet Irish Times ... last week to scale up the €440 billion European Financial Stability Facility (EFSF) to convince markets they can prevent Italy andSpain from being swept up by the sovereign debt crisis, which has already claimed Greece, Ireland and Portugal. ... See all stories on this topic » Irish Times

Franc Falls to Two-Week Low Amid Speculation of Tighter Euro Peg San Francisco Chronicle Its 1.9 trillion-euro debt amounts to 120 percent of gross domestic product, and is more than the borrowing of Greece, Spain, Portugal and Ireland combined. "IfItaly had the same problems that Greece had, it would not be possible to have the euro ... See all stories on this topic »

Volume of September retail trade down by 0.7% in Eurozone FinFacts Ireland The Eurozone (EA17) includes Belgium, Germany, Estonia, Ireland,Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The EU27 includes Belgium (BE), Bulgaria (BG), ... See all stories on this topic » FinFacts Ireland

The G20 must persevere in its efforts to contain the fallout from Greece Economic Times The IMF's armoury to help the troubled PIIGS (Portugal, Ireland, Italy, Greeceand Spain) is to be beefed up. Countries such as Britain, China and Australia have expressed their willingness to inject new funds into the IMF, either through bigger quotas ... See all stories on this topic »

Germany's Bayer boost cash reserves AFP Baumann said these funds could be accessed easily if needed, noting "we have an unacceptably high level of unpaid bills due in the public sector, especially in Portugal, Italy and Spain." Eurozone member Portugal, like Greece and Ireland bailed out by ... See all stories on this topic » AFP

Goldmans' O'Neill: Euro could split apart Investment Week For all the rest that originally joined - Spain, Italy, Portugal, Ireland, Finland - it is actually questionable." O'Neill said because Finland and Ireland were adjacent to non-eurozone countries they might prefer to quit the euro but the single ... See all stories on this topic »

Italy on the brink BBC News But when investors demand a certain level of payment for the risks of lending to a country like Italy, history shows it is incredibly difficult to persuade them to accept a lower rate of interest. And here is what matters: Portugal, Ireland and Greece ... See all stories on this topic » BBC News

Italy's Berlusconi fights pressure to quit amid talk of early elections ... Medicine Hat News But the prospect of financial disaster was real because of Italy's huge debts and slow growth. Unlike Greece, Ireland and Portugal â€” the three countries that Europe has already bailed out — Italy's economy could be too large to rescue. ... See all stories on this topic »

Euro-Region Retail Sales Dropped More Than Forecast in September BusinessWeek ... while Spain reported a drop of 1.7 percent in the month. In Ireland andPortugal, which both received external aid, sales fell 0.3 percent and 3.7 percent, respectively. The statistics office didn't provide monthly data for Greece or Italy. See all stories on this topic »

Italian oil stocks "dependable", says Henderson's Stevenson Fundweb Although the fund still has no exposure to Ireland, Greece or Portugal, peripherals Spain and Italy are still presenting dependable securities. The fund has also sold some big positions in core nation Germany since September, such as Siemens, ... See all stories on this topic »

Pressure mounts on Silvio Berlusconi to resign 3News NZ But the prospect of financial disaster was real because of Italy'shuge debts and slow growth. Unlike Greece, Ireland and Portugal - the three countries that Europe has already bailed out - Italy'seconomy could be too large to rescue. ... See all stories on this topic » 3News NZ

Europe's Economic Measures Too Little Too Late U.S. News & World Report The euro zone has unnecessarily provoked contagion from Greece to first Irelandand Portugal and now Italy and Spain. The July 21, 2011 Greek support package, with its large euro area loans at low interest rates and its 30-year extension of government ... See all stories on this topic »

Greece's Crisis May Have Indirect Impact on Canada Greek Reporter That could mean Italy, too, will soon fall into the kind of economic death spiral thatGreece now finds itself in. Similar fates could also befall Portugal, Spain, andIreland as financial markets impose strict borrowing checks on those countries. ... See all stories on this topic »

Italian 10-Year Yield Surges to Record on Debt, Growth Concern BusinessWeek “Ultimately, Italy is a lot bigger issue than Greece for the future of the euro zone, given the size of the bond market,” said Lyn Graham-Taylor, a fixed-income strategist at Rabobank International in London. “You've got very high bond yields and they ... See all stories on this topic »

US Stocks Drop as Investors Weigh European Political Changes BusinessWeek The New York-based firm released a document summarizing its exposure to the debt of Italy, Spain, Ireland, Portugal and Greece. It also published a list of sovereign and government-guaranteed bonds from the five indebted nations in which Jefferies ... See all stories on this topic »

Falling Inflation, The Most Bullish Sign For Gold The Market Oracle These troubling signs are in Italy and in Spain and should not go unnoticed and are much more significant that Greece. For example the estimated cost to Germany of bailing out Greece, Ireland and Portugal entirely in the wake of the default of those ... See all stories on this topic »

Christian de Boissieu : These crises threaten to undermine economic stability ... ACTmedia For two years we have undergone a serious crisis period which started in Greece, followed by Ireland, Portugal and again Greece. At present it is important to limit the contagion effects from spreading to Italy and Spain. That is why the agreement in ... See all stories on this topic » ACTmedia

What would the collapse of the euro mean for the UK? The Guardian (blog) If this scenario happens, then it's widely expected that other weak economies such as Portugal and Ireland could go too. The biggest worry at the moment is that larger economies, such as Italy andSpain, may also be vulnerable. ... See all stories on this topic » The Guardian (blog)

XE.com - BRIEF-Jefferies reduces gross holdings of sovereign debt ... News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles. BRIEF-Jefferies reduces gross holdings of sovereign debt of Portugal, Italy, Ireland, Greece, Spain in today's trading ... XE Forex News

Jefferies Reduces European Sovereign Debt Exposure by 49 ... By The Fly Jefferies Reduces Gross Holdings of Sovereign Debt of Portugal, Italy, Ireland,Greece, and Spain by 49.5% in Today's Trading in Europe 9:18 am ET 11/07/2011 – Business Wire NEW YORK & LONDON–(BUSINESS WIRE)–Nov. 7, 2011– ... iBC_FN | iBankCoin Financial News

Greek prime minister forced out in euro crisis deal | OzHouse Alt News By OzHouse If the Berlusconi government falls, which would precipitate early elections, it would complete a sweep of all five governments of the so-called PIIGS—Portugal, Ireland,Italy, Greece and Spain—that were viewed at the beginning of this year as ... OzHouse Alt News

Greece, the Collapse of the Euro and You - Jack & Jill Politics By Cheryl Contee (Jill Tubman) The challenge here is that strong economies like Germany and France are being shackled to economies like what they call the PIIGS: Portugal, Italy, Ireland,Greece and Spain. Greece is a big ole hot sticky mess. We can all see that now.... Jack & Jill Politics

Silvio Berlusconi: Resignation Rumors 'Without Foundation' By The Huffington Post News Editors But the prospect of financial disaster was real because of Italy's huge debts and slow growth. Unlike Greece, Ireland and Portugal – the three countries that Europe has already bailed out – Italy's economy could be too large to rescue. Investors ... The Full Feed from HuffingtonPost.com

7-Nov-11 World View — Congressional 'Super Committee' Faces ... By John J. Xenakis Greece, Portugal, Ireland, Spain and Italy have been facing enormous political problems in trying to cut public debt, whether by raising taxes, by laying off government workers, or by cutting government benefits. ... while the Republicans want to cut benefits substantially. They need to reach agreement within a week to give Congress time to pass the agreement by the November 23 deadline, or face a “sequestration option” with huge automatic cuts to entitlements and defense. FoxNews ... Big Peace

TRANSCEND MEDIA SERVICE » Americans: Awash In Spin By Antonio C. S. Rosa The President of the European Council, Herman Van Rompuy, thinks that Greece'sdebt is the only sovereign debt to be written down and that the debt of Italy, Spain, and Portugal will somehow be bailed out through other means, including a ...Greece's debt crisis, caused with Goldman Sachs' help in hiding the true debt of the country as was done for Enron, has brought to light that Portugal, Ireland, Italy, and Spain, in addition to Greece, have more debt than the governments can ... TRANSCEND MEDIA SERVICE

Jefferies Statement on Sovereign Debt of Portugal, Italy, Ireland ... Jefferies Statement on Sovereign Debt of Portugal, Italy, Ireland, Greece, andSpain ... debt of the nations of Portugal, Italy, Ireland, Greece, and Spainconsisted of the following (rounded to the nearest million): .... News on BusinessWire.com ... www.businesswire.com/.../Jefferies-Statement-Sovereign-Debt-...

Portugal, Italy, Ireland, Greece and Spain - PIIGS Portugal, Italy, Ireland, Greece and Spain - PIIGS ... See more recent news. Multi- Notch Downgrade For Spain As Moody's Feasts On PIIGS. Forbes Oct 18... www.wikinvest.com/.../Portugal,_Italy,_Ireland,_Greece_and_...

Jefferies Statement on Sovereign Debt of Portugal, Italy, Ireland ... Find news for: ... and analysts, that it currently has no meaningful exposure to the sovereign debt of the nations of Portugal, Italy, Ireland, Greece, and Spain. ... money.msn.com/business-news/article.aspx?feed=BW...

Jefferies Reduces Gross Holdings of Sovereign Debt of Portugal, Italy Jefferies Reduces Gross Holdings of Sovereign Debt of Portugal, Italy, Ireland,Greece, and Spain by 49.5% in Today's Trading in Europe. Mon November 7 ... seekingalpha.com/.../2068155-jefferies-reduces-gross-holding...

Jefferies On Sovereign Debt Of Portugal, Italy, Ireland, Greece, And ... HERE IS THE CITY NEWS · BUSINESS · LIFESTYLE ... Jefferies On Sovereign Debt Of Portugal, Italy, Ireland, Greece, And Spain. 4 days ago. Jefferies has... hereisthecity.com/.../jefferies-on-sovereign-debt-of-portugal-it...

Barclays said its sovereign exposure to Greece, Ireland, Italy ... News. View the photo Barclays said its sovereign exposure to Greece, Ireland,Italy, Portugal and Spain had been reduced and others from our photo galleries. news.yahoo.com/.../barclays-said-sovereign-exposure-greece-i...

Jefferies Statement on Sovereign Debt of Portugal, Italy, Ireland ... ... to the sovereign debt of the nations of Portugal, Italy, Ireland, Greece, andSpain. ... There's no shortage of opportunities for investing in China, and that news... www.marketwatch.com/.../jefferies-statement-on-sovereign-de...

Greece is getting it's temporary government!! They won't be the ... Every TV channel / newspaper in Ireland / Portugal / Greece /Spain / Italyrepeats the broken record of how great is the economy in France and above all in the ... www.godlikeproductions.com/forum1/message1693265/pg1

Global News | Canada's ties to Greece tiny, but indirect hit still could ... OTTAWA - The idea that Greece, a relatively small country with a population of ...debt failures not just in Greece, but also in Italy, Spain, Portugal and Ireland. ... www.globalnews.ca/canada39s+ties.../story.html

XE.com - BRIEF-Jefferies reduces gross holdings of sovereign debt ... Home - Tools - News - BRIEF-Jefferies reduces gross holdings of sovereign debt ofPortugal, Italy, Ireland, Greece, Spain in today's trading ... www.xe.com/news/2011/11/.../2265789.htm?...

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