Today: IRELAND, Portugal, Spain, Italy, Greece News, Dec 05, 2011

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Dec 5, 2011

IRELAND, Portugal, Spain, Italy, Greece News, Dec 05, 2011


Merkel, Sarkozy want new treaty for European nations
USA Today
An agreement on tighter integration between the 17 euro countries would be seen as a crucial first step in resolving the debt crisis that's already seen Greece, Ireland and Portugal bailed out. The European Central Bank has hinted that if governments ...
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USA Today
No luck for the Irish in Euro2012 draw
Boston Herald
It opens against Croatia on June 10, then takes on Spain four days later and Italyfour days after that. But no team has it tougher than those in Group B: Germany, the Netherlands, Portugal and Denmark. The Germans are ranked No. ...
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Italy Bonds Gains Most in 4 Months on Austerity Plan; Bunds Drop
BusinessWeek
Monti is seeking to cut the euro area's second- biggest debt load and regain investor confidence after Italian borrowing costs exceeded the 7 percent threshold that led Greece, Ireland and Portugal to seek aid. Ten-year Spanish yields fell 42 basis ...
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Euro 2012 Draw: Reflections Of The Forthcoming Madness
The Shin Guardian
Other than Spain (who haven't been dominant in their friendlies recently) the other three teams are going to be difficult to predict. Without Cassano and Rossi for Italy, with the good-bad luck ofIreland, and Croatia (who are coming into this ...
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The Shin Guardian
Euro 2012 groups highlighted by renewal of intense rivalries
Montreal Gazette
He's been dubbed O'Trapattoni by the fun-loving Irish, but he has his team playing a tight defensive game that makes Ireland tough to beat. The Irish and Italiansare also in a tough group, placed with Spain, trying to become the first European country ...
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Provincial overspending could put us all over a barrel
Toronto Sun
The wine is gone, the kitchen is closed and the bill has landed with a thud, but not before Greece, Italy, Spain, Portugal and Ireland all started coughing into their napkins and left the table. Germany and France were left to pick up the tab. ...
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It's All In The Numbers
FX Empire
With the prospect of defaults by Greece, and the more remote potential of losses on debt from Italy, Spain, Portugal and Ireland, the banks will deplete the capital they have and will need to raise more. Italy's debt is the largest, ...
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England Into 8/1 After Favourable Euro 2012 Draw Pits Them Against Ukraine ...
MarketWatch (press release)
The draw was not as kind to Republic of Ireland after Giovanni Trapattoni's men were drawn in the aforementioned Group C with holders Spain, Italy and Croatia. The Irish are now 66/1 from 40/1 to win Euro 2012 after the draw, and 4/11 not to qualify ...
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Eurozone service sector contracts for third straight month in November; Only ...
FinFacts Ireland
Spain's outlook also improved slightly, while business expectations weakened in Ireland, Italy and France. France was notable in seeing services expectations sliding to the lowest since March 2009. Job losses centred on Spain, Italy and Ireland: ...
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FinFacts Ireland
Revealed: UK banks' exposure to eurozone debt
Investment Week
The chart below shows the exposure of each bank to retail and corporate clients in the worst affected eurozone countries, consisting of Spain, Greece, Ireland, Italy and Portugal. Out of the big four, Barclays has the most exposure to retail clients as ...
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Investment Week
What's Europe Got to Do With It?
Investorplace.com
The PIIGS (Portugal, Ireland, Italy, Greece and Spain) have all been suffering similar debt distress. And now that Greece's problems — at least temporarily — seem to be on the mend, the focus is now on Italy and Spain, which account for about 20% of ...
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Markets rise ahead of Merkel, Sarkozy talks
The Associated Press
The yield on 10-year Italian bonds is around 7 percent. Yields above that level forced Ireland, Portugal and Greece to seek bailouts. By comparison, bond yields in Germany, Europe's largest and most stable economy, are roughly 2 percent. ...
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The Associated Press
Kelly McParland: Good news is wary news for Tories
National Post (blog)
Or to Greece, Ireland, Italy or Spain (or almost anywhere else in Europe). Spaniards just elected a new prime minister, even though the majority of voters said they didn't like him much and doubt he'll be able to fix the country's economic problems. ...
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National Post (blog)
Post-Euro Currencies Would Depreciate, Except For Germany - Nomura
Wall Street Journal
"We estimate that [depreciation] risk is in the region of 60% for Greece, around 50% for Portugal, and 25% to 35% for a group of countries including Ireland,Italy, Belgium and Spain," Nordvig wrote Monday in a research note. ...
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Cameron rules out referendum on Europe as Sarkozy and Merkel call for new EU...
Daily Mail
Italian borrowing costs have spiked, which could spell disaster if Italy is unable to keep up on payments to service its enormous debt of 1.9 trillion euro, which is 120 percent of its GDP. But unlike Greece, Portugal and Ireland, which were bailed out ...
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Monday Newspaper Review - Irish Business News and International Stories ...
FinFacts Ireland
With Italy and Spain struggling to gain market confidence, leaders within and outside the euro zone are concerned that any failure to seize the initiative could see the crisis spiral out of all control. “This week, the stable future of the euro and ...
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FinFacts Ireland
Reserve Bank should hold the line on interest rates
The Australian
The fundamental point is that having the mighty German economy part of a currency union with "Club Med" nations such as Greece, Ireland, Portugal,Spain and Italy is to create an inherently unstable situation. The immediate crisis is due to the Club ...
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Belgium Mulls Lifting Labor Market Restrictions for Bulgaria
Novinite.com
Currently, Bulgarians have full labor rights in Denmark, Estonia, Cyprus, Latvia, Lithuania, Poland, Slovenia, Slovakia, Finland, Sweden, Hungary, Greece, Spain, Portugal and the Czech Republic. File photo Romanian and Bulgarian workers should be ...
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Novinite.com
Here Is The Contagion
Seeking Alpha
For the five biggest, total exposure to Greece, Ireland, Italy, Portugal and Spain(net of hedges) ranges from $16 billion at Citigroup, or 14% of core capital, to $2.5 billion at Goldman Sachs, or less than 5%, according to Peter Nerby of Moody's,...
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George Soros: Stop the Bond-Run and Save the Eurozone
GuruFocus.com
With the economic power of Germany and France, other members such asGreece, Hungary, Ireland, Italy, etc. could get access to euro funding at very low cost, until the system has reached its limit. Government bonds in all member countries used to be ...
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Swiss Stocks Climb as Italy Seeks to Cut Debt; Bank Shares Rise
BusinessWeek
In Ireland, Expenditure Minister Brendan Howlin is also scheduled to detail cuts of about 2.2 billion euros in spending next year today, while Finance Minister Michael Noonan will outline about 1.6 billion euros of tax increases tomorrow. ...
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Assured Guaranty (AGO): Initiating with a Buy and $35 Target – BTIG
Wall Street Pit
AGO during its 3Q11 conference call provided additional information on its exposure to troubled European countries, and the PIIGS (Portugal, Italy, Ireland,Greece and Spain) in particular. The company's total exposure to the five countries is $3.2bn, ...
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Frosty reception for Green Army from Gdansk mayor
Herald.ie
The Group C draw, which based Ireland, Croatia, Italy and Spain in Poznan and Gdansk for the opening games was not warmly welcomed by the local politicians. "We are a bit disappointed with the draw. We had hoped to get other groups here," the mayor of ...
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This wily old goat may prove the horns of a dilemma for Spain
Irish Times
TV VIEW : SO THEN, Spain and Italy. Not to mention Croatia, which many people haven't. Mind you, not everyone woke in a cold sweat the morning after the night before, after enduring eight hours of Xavi Hernandez and Andrea Pirlo bearing down on them. ...
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Cyprus may be the EU's next domino to fall
Globe and Mail
Greece, Ireland and Portugal each received bailouts shortly after their yields breached 7 per cent. In response, the Cypriot government is rolling out austerity programs. A two-year package, worth about €500-million, looks set to be approved later this ...
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Globe and Mail
Italy Approves 30 Billion-Euro Emergency Plan for Economy
BusinessWeek
16 after Silvio Berlusconi resigned, is under pressure to move quickly as a selloff of the country's bonds sent borrowing costs surging last month past the 7 percent threshold that led Greece, Ireland and Portugal to seek aid. Italy is seen as too big ...
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The Euro, Currency Sovereignty and Adopting a Foreign Currency
Credit Writedowns
With the global financial crisis that began in 2007, many “periphery” nations (especially Greece, Portugal, Ireland, Spain, and Italy) experienced serious debt problems and down-grades. Markets pushed their interest rates higher, compounding the ...
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Xbox TV update arrives
IPTV News
TV (Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway,Spain, Sweden and the UK), ninemsn (Australia), Real Sports from Maple Leaf Sports (Canada), Rogers On Demand Online (Canada), SBS ON DEMAND (Australia), Sky Go (Austria), ...
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Merkel, Sarkozy wrangle over euro rescue plan
Atlanta Journal Constitution
... weeks as Italy's bond yield, indicative of the rate it would pay to borrow on markets, jumped to record peaks above 7 percent. That level is considered unsustainable and has eventually forced Greece,Ireland and Portugal to require financial aid. ...
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Atlanta Journal Constitution
Eurosceptics, beware: the euro crisis is bad for you too
The Guardian
It would be about Germany, backed by the other stronger northern states, dictating how much Spanish, Italian, Portuguese, Irish and Greek governments could borrow, spend and tax. That is, to all intents and purposes, a political takeover, ...
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The Guardian
Shane Long targets dream call-up
expressandstar.com
The summer signing netted his fifth goal in 12 Baggies games at QPR on Saturday just hours after Ireland were drawn to playSpain and Italy in the group stage of next summer's European Championships. And the 24-year-old is desperate to maintain his ...
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expressandstar.com
Commerzbank cuts debt pile to avoid more state aid
Reuters UK
At the end of September, Commerzbank had 13 billion euros in exposure to the sovereign debt of Greece, Ireland, Italy, Portugal and Spain. The EBA is expected to announce this week the amount of capital each bank must raise -- going by the results of a ...
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Germany-France In Complete Accord On Debt Crisis Solution ...
By Sarah Fenwick
English language Cyprus news website with fast-breaking news about Cyprus and the region. Keep up to date with Cyprus politics, environment, economy, eventsnews with high-quality journalism. ... The 17 EU members that make up the Eurozone are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany,GreeceIrelandItaly, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain. The EU members that are outside the Eurozone are: Bulgaria, Czech Republic, ...
Cyprus News Report - Fast-breaking...
Italy, Spain, Greece, Portugal and Ireland in Debt Web | HEADLINE ...
The Eurozone crisis, which has intensified since early 2010, shows no signs of abating and has put several member countries on the brink of default. The most ...
www.headlinenewsonline.com/.../italy-spain-greece-portugal-a...
Nomura Holdings Reduced Its Italian Assets by 83% Since End of ...
Kiyoshi Ota/Bloomberg. Nomura Holdings Inc. reduced its assets linked toGreece, Ireland, Italy, Portugal and Spain by 75 percent since the end of September, ...
www.bloomberg.com/.../nomura-said-to-cut-its-giips-assets-by...
Eurozone Crisis: Italy, Spain, Greece, Portugal and Ireland in Debt ...
Skip to Main Content; U.S. Edition Business News. Africa Edition ... Eurozone Crisis: Italy, Spain, Greece, Portugal and Ireland in Debt Web. Comments; Print ...
www.ibtimes.com/.../eurozone-crisis-italy-spain-greece-portug...
Holders Spain to face Italy at Euro 2012 - Sports News First
Poland, Greece, Russia, Czech Republic. Group B. Netherlands, Denmark, Germany, Portugal. Group C. Spain, Italy, Republic of Ireland, Croatia. Group D...
www.sportsnewsfirst.com.au/.../holders-spain-to-face-italy-at-e...
Euro 2012 Draw: Live Blog | Premier League blog, soccer news and ...
Pot 1: Spain, Netherlands Pot 2: Germany, Italy, England, Russia Pot 3: Croatia,Greece, Portugal, Sweden Pot 4: Denmark, France, Czech Republic, Ireland ...
www.epltalk.com/euro-2012-draw-live-blog-37506
A second wave of countries in crisis?
About English News · iBT TOEFL · Essay. 12-04-2011 15:11, News List ... i.e. the peripheral euro-zone countries: Greece, Portugal, Ireland, Spain and Italy. ...
www.koreatimes.co.kr/www/news/biz/.../346_100078.html
More Euro Disappointment Ahead? | Gold News
Gold News - Gold Market Analysis & Gold Investment Research - Gold Price ...The sharply higher bond yields in Greece, Portugal, Ireland, Spain, and Italy, ...
goldnews.bullionvault.com/euro_crisis_120520113
Spain to Face Italy, Croatia, Ireland in Euro 2012, Articles | THISDAY ...
The tournament starts June 8 when Poland plays 2004 champion Greece in Warsaw. The final ... 2. Denmark. 3. Germany. 4. Portugal. Group C. 1. Spain. 2.Italy. 3. Ireland. 4. Croatia ... Syria Unrest: Arab League Issues New Sunday Deadline ...
www.thisdaylive.com/articles/spain-to-face-italy.../104129/
Haircut on bonds could be absorbed by European insurers ...
A 50% haircut on Greek, Irish and Portuguese sovereign bonds could be absorbed into European insurers' existing ... Home arrow News ... If Greece,Ireland, Portugal, Spain and Italy all defaulted, losses could reach €143bn, eroding 24.3% of ...
www.insuranceinsight.eu/.../haircut-bonds-absorbed-european...
“European pig Five” government-general, said assessment not ...
Stock Market Today - Stock Quotes | Market Watch | Financial News ... Portugal,Portugal, Ireland, Ireland, Italy, Italy, Greece, Greece, Spain, Spain, this first letter ...
www.stockmarkettoday.cc/european-pig-five-government-gen...
Spanish yields spike as crisis exits blocked - Yahoo! UK & Ireland ...
The ECB has been sporadically buying Spanish and Italian government ... to debt of Greece, Ireland (Xetra: A0Q8L3 - news) , Italy, Portugal and Spain by a total...
uk.finance.yahoo.com/.../Spanish-yields-spike-crisis-reuters_m...
Italy, Spain haven't asked IMF for help: Lagarde | Top News | Reuters
LIMA (Reuters) - Italy and Spain have not asked to be rescued by the ... Italianyields are now in the territory that forced Greece, Ireland and Portugal to seek ...
ca.reuters.com/article/topNews/idCATRE7AR1ZC20111128 
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