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Feb 4, 2012

GREECE News, Feb 04, 2012

EU Juncker: No New Greek Program If Everything Going Wrong -Report
Wall Street Journal (India)
He says should Greece fail to implement necessary reforms then it should not expect acts of solidarity "to be rendered by others." He goes on, "if we should determine that everything is going wrong in Greece, then there would not be a new program, ...
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Report: Monti says Italy a "safe place"
CBS News
... and comes as negotiations over a second bailout for Greece drag on. Monti was quoted as saying that "an uncontrolled Greek state bankruptcy would be bad for everyone" but officials will avoid it. "Nevertheless, I think Italy is now a safe place.
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Greek debt talks to stretch into weekend
NDTV
AP, 04 Feb 2012 | 01:28 PM Apart from the new bailout talks, Greece is conducting urgent negotiations with its private creditors, who are being asked to lose half the face value of their Greek government bonds. Newtalks on the writedown — which would ...
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Euro Declines as Greek Debt Stalemate Increases European Crisis Concern
Bloomberg
“The market is short euros and is likely to become increasingly short euros as the final decision about Greece is contemplated,” said Michael Woolfolk, senior currency strategist in New York at Bank of New York Mellon Corp., the world's largest ...
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Report: Monti Says Italy a "Safe Place"
ABC News
The annual gathering of security officials is tinged this year by concern about the eurozone debt crisis and comes as negotiations over a second bailout for Greece drag on. Monti was quoted as saying that "an uncontrolledGreek state bankruptcy would ...
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Japanese Yen Outlook In Disarray As Greek Fiasco Beckons Intervention
TheStreet.com
Holding out hope for more of the same appears ill-advised however amidreports that all three of the parties in Greece's ruling coalition have rejected deeper austerity measures required to receive the next tranche of EU/IMF funding before €14.5 ...
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Coca-Cola, Groupon Earnings to Top Coming Week
TheStreet.com
By Kaitlyn Kiernan 02/04/12 - 10:36 AM EST NEW YORK (TheStreet) -- As Americans go back to work after Super Bowl Sunday, investors will hope for a final resolution to the long-delayed Greek debt negotiations before looking to digest a slew of US ...
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TheStreet.com
Choose any color you want
Kathimerini
They are due to hold talks with Prime Minister Lucas Papademos on the measures that Greece will have to implement to receive further loans from the eurozone and the International Monetary Fund. But the leaders of PASOK, New Democracy and the Popular ...
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Oil prices rise, commodities slide
Taipei Times
“Price hikes have been limited somewhat by the continuing and stallingGreek debt talks, which do not look set for a solution soon,” he added. NewYork crude futures meanwhile dropped as US government data showed a slower pace of petroleum consumption.
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Hackers attack law enforcement websites from Greece to Utah; 'Anonymous' group...
Washington Post
... able to continuously read their internal comms for some time now.” InGreece, the Justice Ministry took down its site Friday after a video by activists claiming to be Greek and Cypriot members of Anonymous was displayed for at least two hours.
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Wall St Week Ahead: With sparse data, focus returns to Europe
Reuters
By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - Europe will again be at the center of investors' focus next week as the US earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.
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Debt crisis: as it happened, February 3, 2012
Telegraph.co.uk
It makes for an interesting read: 20.10 Bloomberg is reportingthat Greek Finance Minister Evangelos Venizelos will brief his euro area counterparts on the state of talks to complete a second financing package for the country tomorrow, citing state-run ...
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Telegraph.co.uk
The Weekly Gold Digger!
Inside Futures
Analysts had forecasts in on the Non-Farm Payrolls report of 150000, down from the previous reading of 200000. The report came in at 243000 newjobs created which dropped the jobless rate to 8.3 % from 8.5 %. This pointed to recovery!
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Asia Stocks Equal Longest Gain Streak Since '05 on Factory Data
BusinessWeek
4 (Bloomberg) -- Asian stocks rose for a seventh week, with the regional benchmark matching its longest winning streak since 2005, as improved manufacturing reports in the US, China, India and Europe overshadowed a stalemate over Greek debt ...
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E-Mini S&P 500: Labor shocker favors investors!
Inside Futures
Analysts had forecasts in on the Non-Farm Payrolls report of 150000, down from the previous reading of 200000. The report came in at 243000 newjobs created which dropped the jobless rate to 8.3 % from 8.5 %. This pointed to recovery!
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U.S. data boosts equities, dollar
IBNLive.com
However, uncertainty over a Greek debt deal kept the euro little changed. The January US jobs report also pushed European stocks to their highest close in more than six months. The data also lowered expectations for more monetary policy easing by the ...
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Brent posts weekly gain, US crude falls on inventories data
Proactive Investors UK
In the meantime, Greek Prime Minister Lucas Papademos said the debt-ridden country has made “significant progress” it its negotiations with private bondholders to hammer out a deal that would reduce its debts and enable it to secure further financial ...
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Proactive Investors UK
Asia Stocks Equal Longest Gain Streak Since '05 as Factory Data Improves
Bloomberg
Asian stocks rose for a seventh week, with the regional benchmark matching its longest winning streak since 2005, as improved manufacturing reports in the US, China, India and Europe overshadowed a stalemate over Greekdebt negotiations.
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Five world markets themes in the coming week
Reuters India
It is not hard to find reasons to be cautiously positioned, as non-European investors are, according to the latest Reuters asset allocation polls. These include potential legal challenges to the eternally imminent Greek debt deal, the risk of economic ...
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Japanese Yen Outlook in Disarray as Greek Fiasco Beckons Intervention
DailyFX
Holding out hope for more of the same appears ill-advised however amidreports that all three of the parties in Greece's ruling coalition have rejected deeper austerity measures required to receive the next tranche of EU/IMF funding before €14.5 ...
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Weekly Economic and Financial Commentary
Action Forex
The details of the report however, suggest that unseasonably warm weather may be playing a role in the stronger job gains. The ISM-Manufacturing Index posted a marginal improvement in January as neworders jumped for the month.
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Low tax, high prices: Consumers pay for company tricks
Kathimerini
In this way, a detergent that sells for 6.56 euros in Greece costs 5.89 euros in Germany and just 4.37 euros in neighboring Italy. The aforementioned prices are not random but figure in a market research report conducted by Nielsen in 2010.
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Most Asian Stocks Drop as Mazda, Nippon Sheet Forecast Losses; Oil Climbs
Bloomberg
The S&P 500 increased 1.4 percent to 1343.74 at 2:57 pm inNew York and is up 6.8 percent in 2012. The Stoxx Europe 600 Index extended gains after the jobs report, rising 1.7 percent. Yields (USGG10YR) on 10-year US Treasury notes climbed 13 basis ...
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Bloomberg
Better data drives risk on, Fed QE3 off
Action Forex
The decline in the unemployment rate in the January report, in particular, is also suspect due to the inclusion of new population data from the 2010 census. The best way to interpret the data is as though the unemployment rate was already at 8.3% in ...
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Dow Logs Highest Close Since May 2008
CNBC.com
The economy created 243000 new positions in January, the largest increase since April 2011, according to a government report, blowing past estimates of 150000. Meanwhile, the unemployment rate slipped to 8.3 percent. (Read More: Jobs Growth Raises ...
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Morning Market Roundup: Unemployment Falls, Stocks Soar, UBS Investigation
TheBlaze.com
Now that employers are seen stepping up new hires, doubt has been raised as to whether the central bank can keep interest rates low for another two years. Today's report includes revisions adding a total of 60000 jobs to payrolls in November and ...
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Stocks, Commodities Rally as Treasuries Retreat on Jobs Growth
BusinessWeek
The S&P 500 increased 1.5 percent to 1344.70 at 4 pm in New York and is up 6.9 percent in 2012. Yields on 10-year US Treasury notes climbed 11 basis points to 1.93 percent, the biggest increase since November. The Dollar Index slipped 0.1, ...
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When good news is good and so is bad news
Financial Times
Talks over how much of a hit banks should take in Greece's likely default next month have dragged on. And a European Central Bank report this week suggested an incipient credit crunch as banks tightened their lending standards.
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Wall Street week ahead: With sparse data, focus returns to Europe
Economic Times
NEW YORK: Europe will again be at the center of investors' focus next week as the US earnings season passes the halfway mark and there is little on the economic calendar to give the market direction. Economic data expected next week includes weekly ...
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Law enforcement websites under attack by hackers
Daily Herald
In Greece, the Justice Ministry took down its site Friday after a video by activists claiming to be Greek and Cypriot members of Anonymous was displayed for at least two hours. In Boston, a message posted on the police website before it was taken down ...
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BBC News - Meeting the 'new homeless' on Greece's freezing streets
By Mark Lowen BBC News, Athens ... in Greece. Continue reading the mainstory ... Greeks now speak of another section of society: the "newhomeless".
www.bbc.co.uk/news/world-europe-16878756
Greece debt deal 'a step' away - World - CBC News
... 'a step' away; Skip to supplementary story content; Skip to related newscontent ... To do that, Greece is now focusing on completing negotiations by the end of ... Fund on a new program of cutbacks — without whichGreece's bailout lifeline ...
www.cbc.ca/news/world/story/.../greek-debt-swap-talks.html
Greek debt deal is close, finance minister Venizelos says ...
The deal would have private creditors swap Greek bonds for new ones of a lower ... from finalizing" the debt relief agreement, Venizelos told a newsconference. ... To do that, Greece is now focusing on completing negotiations by the end of the ... To report corrections and clarifications, contact Standards Editor Brent Jones.
www.usatoday.com/money/world/story/2012-01-31/.../1
Greek debt talks to stretch into weekend - US News and World Report
US News & World Report Politics ... A long anticipated bond swap deal wasnow the easier part of the process in securing continued ... New talks on the writedown — which would slash Greece's national debt by euro100 billion ( $131.6 billion) ...
www.usnews.com/.../greek-unions-employers-reject-wage-cuts
War of words over Greek debt heats up - CBS News
Political Hotsheet Colbert super PAC reports $1 million in donations 8 of 9... " European stability is at stake as well," Dallara said at a news conference in Zurich. ... to swap their Greek government bonds for new ones with half their face value, ...
www.cbsnews.com/.../greece-believes-in-debt-deal-despite-inte...
Stocks end lower on Greek talks worries, earnings | abc7.com
But agreeing on a new interest rate has been a stumbling block. Greecefaces an important bond repayment deadline in March. In U.S. news, a number of ...
abclocal.go.com/kabc/story?section=news/business&id...
Nervous markets eye U.S. jobs report, Greece - Yahoo! News
News: LONDON (Reuters) - Caution ahead of U.S. jobs numbers kept a lid on gains for stock markets on Friday ... Nervous markets eye U.S. jobsreport, Greece ...
news.yahoo.com/asian-markets-hold-ranges-u-jobs-data-0029...
Greek minister scorns German debt proposal - RTÉ News
A Greek government minister has poured scorn on reported calls by Germany for ... Nine News: New German plan to deal with Greek debt ....Prime Time reports on the Poolbeg incinerator and asks how has €81m been spent on ... What happens now that EU leaders have signed off on the fiscal compact treaty in Brussels?
www.rte.ie/news/2012/0128/eurozone.html
Greece 'a step' away from twin rescue deals | Deseret News
Thursday, February 2, 2012 — Last update: 2:40 a.m. MST ... GreekFinance Minister Evangelos Venizelos, right, gestures before a newsconferences with ... swap their Greek bonds for new ones with 50 per cent cut in their face value, a longer ...
www.deseretnews.com/.../Greece-a-step-away-from-twin-rescu...
Private investors near deal on Greek debt - Hawaii News Now ...
Hawaii News Now, Hawaii's live local late connected news leader. News, weather, sports, video, employment and real estate classifieds. BreakingNews and ...
www.hawaiinewsnow.com/.../private-creditors-deal-with-greec...
Greek creditors urge quick deal after eurozone rejection | Reuters
We are already in new great depression: Paul Krugman Fri, Feb 3 2012 ...Greece's Finance Minister Evangelos Venizelos, French counterpart Francois ... " In reality, we are now entering the final stretch," Finance Minister Evangelos Venizelos .... international multimedia news agency, providing investing news, world news, ...
www.reuters.com/.../us-eurozone-ministers-idUSTRE80L1052...
Euro Leaders Hammer Out Greek Debt Deal - Finance - CBN News ...
Please click on the link below to download the latest version. ... Under the agreement, Greece's private creditors would trade their Greek bonds for ones ... Sign up for the CBN News Dispatch and receive CBN News Reports in your inbox each day. ... Now, a new book asks if there's really a "peace process" going on at all.
www.cbn.com/.../Euro-Leaders-Hammer-Out-Greek-Debt-Dea...
Deal hopes offer cold comfort to ordinary Greeks | euronews, world ...
world news - Hopes of a refinancing deal between Greece and its international ... New Greek government submits 2012 budget 18/11/2011 20:34 CET · Greek debt swap ... There is now real concern that the cold snap could have fatal consequences. ... 1Report says Taliban preparing to retake Afghanistan · 2 Greece 'will go ...
www.euronews.net/.../deal-hopes-offer-cold-comfort-to-ordin...
The Silent Anschluss: Germany Formally Requests That Greece ...
Update 2: the first local headlines are coming in now, from Spiegel: ... tax data is indicative of what's ahead this month, the "good news" won't be sustained. ... Greece has to ensure that the new surveillance mechanism is fully enshrined in ...
www.zerohedge.com/.../silent-anschluss-germany-formally-re...
Hot news! The wehrmacht failed to take Greece. Now Germany tries ...
Hot news! The wehrmacht failed to take Greece. Now Germany tries again, with a ... The Financial Times breaks the story; Update: The Greekgovernment ... The new administrator, appointed by other eurozone finance ministers, would take ...
fabiusmaximus.wordpress.com/2012/01/28/34663/

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