EU trudges ahead with multiple reforms China Daily BRUSSELS - Two years into a debilitating debt crisis, the European Union (EU) has undertaken a slew of reforms to weather the hard times and spur growth. But to cure the crisis once and for all, it will take years. EU is on the right track. ... See all stories on this topic » | ||
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Japan hopes Europe will boost rescue mechanism-sources Reuters Japan has repeatedly expressed its willingness to help Europe contain its debt crisis, but has also stressed it wanted to see a convincing action plan before making any firm commitments. "Japan like other non-euro countries is prepared to do something, ... See all stories on this topic » | ||
Reversal of fortune Reuters Fast-forward to 2011, and it is European banks that are the focus of concern as the euro zone struggles to come up with a politically palatable way to solve its own debt crisis. All three of the world's major ratings agencies have warned thatEuropean ... See all stories on this topic » | ||
Crisis gatecrashes 10th birthday of euro The Sun Daily "Everything seemed to be going along just nicely until the financial crisis came along and shone the spotlight on the institutional shortcomings of the eurozone," said Philip Whyte, senior research fellow at the Centre for European Reform, ... See all stories on this topic » | ||
Eurozone economy forecast to shrink in 2012 MaltaToday Team of UK economists predicts the eurozone economy will shrink 0.6% in 2012 if the euro debt crisis is solved. The EU remains the world's largest collective trading bloc. The Centre for Economics and Business Research (CEBR) said theeurozone economy ... See all stories on this topic » | ||
The challenges facing EU and US Livemint Across the Atlantic, fiscal austerity has exacerbated the economic weakness, increased public debt-to-GDP ratios, frozen credit markets, and taken the europroject to its brink. On both sides, fiscally constrained and politically paralysed governments ... See all stories on this topic » | ||
Lagarde criticized the results of the European anti-crisis summit San Francisco Luxury News Lagarde believes that the turbulence experienced by the euro zone are explained by the “crisis of confidence in the public debt and financial system soundness.” In these circumstances, the IMF leader downplays the Summit of Heads of State and ... See all stories on this topic » | ||
Euro Will Take a Breather Wall Street Journal The debt-saddled banking sector of the euro zone's fourth-largest economy has become a severe drag on the country's recovery. Another barometer of market sentiment toward Europe's debt crisis will come Wednesday, when Italy will offer between €5 ... See all stories on this topic » | ||
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Europe financial crisis tops list of 2011 business stories Cherry Hill Courier Post As the year came to a close, banks and investors nervously watched Europe's political and financial leaders scramble to prevent the 17-nation eurozone from breaking apart. The European financial crisis was chosen as the top business story of the year ... See all stories on this topic » | ||
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German industry leaders see no 2012 recession Reuters By Gernot Heller | BERLIN Dec 26 (Reuters) - The leaders of Germany major business and industry groups said they expect the country's economy to lose momentum though not enter recession in 2012, weighed down by the euro zone's debt crisis. ... See all stories on this topic » | ||
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2011's four hard economic truths Livemint The issues appeared more tractable: how to deal with excessive housing debt in the US, how to deal with adjustment in countries at the periphery of the euro zone, how to handle volatile capital inflows to emerging economies, and how to improve ... See all stories on this topic » | ||
OP-ED: Europe's irrepressible conflict Yorkdispatch.com For decades, the European Union has tried to avoid a showdown between British and continental economic visions. But the debt crisis has forced Germany into a more aggressive posture. Fiscal limits -- in practice, political limits -- must be imposed on ... See all stories on this topic » | ||
New risks for Ukrainian economy coming from eurozone NRCU - Ukrainian Radio Currently, the main risks for the Ukrainian and world economies are coming out of the eurozone hit by a debt crisis, Forex Club in Ukraine chief Mykola Ivchenko informed. According to him, the peak of the world economy's slowdown will be in the first ... See all stories on this topic » | ||
Europe in the grip of a financial coup Deccan Herald It is clear that every austerity plan and programme of cuts and adjustment in theeuro zone will lead to a drop in growth as a result of which the agencies will downgrade the countries' ratings, driving their debt service costs higher and higher,... See all stories on this topic » | ||
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Weekly Outlook - Holiday Trading, Eurozone Downgrade Risks Easy-Forex RBA minutes from the December meeting showed that the European crisis was the main reason the central bank cut rates and that the local economic data did not support rate cuts. The AUD/USD is up 1.73% currently at 1.0143 after opening at 0.9968. ... See all stories on this topic » | ||
Italy gov't wins confidence vote on austerity plan Las Vegas Sun The new government is tasked with making sure that Italy did not become the next victim of Europe's debt crisis. In remarks to lawmakers prior to the vote, Monti said the package was "of extreme urgency and will allow Italy to face the European crisis ... See all stories on this topic » | ||
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Govt mulls over new stimulus Business Mirror The World Bank has issued a warning that the European debt crisis is likely to have a negative impact on the country's financial system if the euro-zone crisisworsens. For one, Philippine banks have a $15-billion exposure to Europeanbanks, ... See all stories on this topic » | ||
Brokers see pain before gain next year Business Standard The Bombay Stock Exchange (BSE) benchmark, the Sensex, could end 2012 between 17000 and 19285 levels, as the central bank starts easing its monetary policy and on possible resolution of the euro zone debt crisis, indicate estimates provided by leading ... See all stories on this topic » | ||
The NR Eye: NRIs, experts renew call for Islamic banks in India Peninsula On-line The euro zone debt crisis is bringing back visions of the 2008 sub-prime tangle. India is struggling with external debts and a plummeting currency. In the midst of all this, a large NRI group in the Gulf and a bunch of banking and finance experts in ... See all stories on this topic » |
European markets await more turbulence in 2012 | Pakistan ... By AFP ... eurozone crisis. Europe's main stock markets have tumbled between 6.5 and 25 percent since the start of 2011, as traders looked past positive economic data and earnings, while the euro has fallen 2.5 percent versus the dollar in volatile trading.... The eurozone debt crisis dominated market sentiment in 2011 and is widely expected to be the main focus in 2012, at least in the early part of the year, overshadowing geopolitical strains and the race for the White House. The euroended ... Pakistan Business News | Pakistan... |
The Eurozone Crisis – “Treating a debt crisis with more debt ... By SGT The Eurozone Crisis – “Treating a debt crisis with more debt”. “There are no good options from here. There are no easy outcomes when you are looking at states with the level of debt that some of the EU member states have.” from RT: ... NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR ... SGTreport.com |
Is the Fed our savior in financial regulation? — Marginal Revolution By Tyler Cowen While European economies have been losing safe assets through debtdowngrades, the United States financial system has been gaining them. Here is a relevant link from The Economist. Here are links to Brad ... That second view assumes that the financial crisis is essentially over, but maybe it's not. As the euro zone crisis continues, it seems that Ben S. Bernanke has been a smarter central banker than we had realized. Here is my earlier blog post, T-Bills as a substitute forfinancial ... Marginal Revolution |
Liquidity and Asset Bubbles, But Only if the Dam Holds | The ... By Lew Spellman The list should also include the risk of a devaluating Euro if capital flight occurs; or if a country were to pull out of the Euro zone, euro claims would then be denominated in some new home country currency that is bound to fall in value. If that is not enough to cause one to pause before ... The summit also revealed that even in a crisis Germany would not spread its own fiscal largess to the common protection of other governments' debt. Germany's demur, while consistent with its... The Spellman Report |
Why Are Bailouts Flying Around as If The End Of World Is Coming ... By EconForecast Never before (not even during the last financial crisis) has the ECB loaned so much cheap money to European banks at one time. This move by the ECB made headlines all over the globe. CNBC is calling them "ultra-long and ultra-cheap loans". European authorities are hoping that European banks will use this money to make loans to businesses and to buy up the debt of troubled Europeangovernments. ... But it is not just in the EU where we find unusual steps being taken. In the UK ... EconMatters Global |
Why The European Debt Crisis Might Actually Be Over... While it may appear that the European Debt Crisis is ending, it is more likely that we ... vortex of the debt storm expect "cluster defaults" and significant financialdestruction in ... Other that that, the EU will remain on week-to-week life supports.... www.businessinsider.com/why-the-european-debt-crisis-might... |
European Ministers Seek $261B in IMF Funds - Bloomberg European finance ministers sought to meet a self-imposed deadline for drawing additional aid to the debt crisis and to form new budget rules as investor ... Theeuro-area ministers were due to be joined in the call by their EU counterparts to ... www.bloomberg.com/.../european-finance-ministers-to-discuss... |
Debt crisis: Brussels accord on the verge of collapse - Telegraph The ratings agency said: “These challenges result from both economicdevelopments ... European politicians have done enough to end the Eurozonedebt crisis. ... www.telegraph.co.uk/.../Debt-crisis-Brussels-accord-on-the-ve... |
Draghi warns of new year contagion | Business | The Guardian The eurozone debt crisis is set to spread and deepen next year, senior central ...Draghi told the European parliament's economic committee that €230bn of bank... www.guardian.co.uk/.../dec/.../uk-contibution-imf-bailout-fun... |
EU debt crisis: Comprehensive eurozone solution ... - Financial Post The best financial jokes of 2011 .... Eurozone crisis solution beyond reach: Fitch.... the debt crisis, to which they will commit 150 billion euros, Slovak Finance ... business.financialpost.com/.../eurozone-crisis-solution-beyond... |
Sovereign debt: eurozone crisis takes centre stage ... - Financial Times But any sign of progress in overcoming the eurozone's sovereign debt and banking crises is positive for central and eastern Europe. The area's economichealth, ... www.ft.com/.../31ed29d8-2077-11e1-8462-00144feabdc0.ht... |
Latam companies to withstand euro zone crisis, says Fitch ... NEW YORK: Latin American non-financial companies that issue high-yielding bonds are well prepared to withstand a deterioration in market conditions in 2012 ,... articles.economictimes.indiatimes.com/.../30520264_1_fitch-r... |
The Eurozone Crisis: The view from Asia | Global-Politics.co.uk The idea was to increase the firepower of the European Financial Stability ... in Italian debt while it owns no debt at all from the other crisis-ridden eurozone ... www.global-politics.co.uk/blog/2011/.../euro_crisis_asiaview/ |
Banks Struggle With Euro Contingencies By SARA SCHAEFER MUNOZ LONDON—As the euro-zone debt crisisintensified in ... That, the banks quickly found, is not so easy in a financial world that is ... online.wsj.com/.../SB10001424052970204552304577117003... |
Euro bailout chief says he has enough financial firepower to deal ... ... calm market nerves over the future of the eurozone by claiming he has more than enough financial firepower to deal with the escalating sovereign debt crisis. www.theaustralian.com.au/.../story-fnawdwo8-122622504943... |
Euro Zone Debt Crisis: Regulator Warns EU Financial Stresses ... The dangers facing Europe's financial system have continued to worsen, Europe's recently created super-watchdog, the European System Risk Board ( ESRB), ... www.cnbc.com/.../Regulator_Warns_EU_Financial_Stresses_... |
Euro-zone Debt Crisis Affects Emerging Europe Ratings Outlook The sovereign debt crisis is leading to weaker economic growth, ... most exposed emerging market region to the euro-zone crisis owing to strong trade flows, ... online.wsj.com/article/BT-CO-20111221-709926.html |
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