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Mar 6, 2012

IRELAND, Portugal, Spain, Italy, Greece News, Mar 06, 2012

Spanish Property Bargains Abound, But are they Safe?
Write About Property
We have all heard of the PIIGS, Portugal, Ireland, Italy, Greece and Spainlumped together because of their huge volumes of sovereign debt coupled with severe recession (Greece, Ireland, Spain) or low growth (Italy, Portugal), giving them less ability ...
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Portugal in Sights as Yields Fuel Bailout Talk
Bloomberg
Portugal has been unable to sell debt due in more than a year since it was given a 78 billion-euro ($102.8 billion) bailout in May 2011, following Greece and Ireland. “The ECB's cash provides liquidity, but not solvency,” said Stuart Thomson, ...
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Bloomberg
Greece's default will drag down other European countries, says financial analyst
Focus News
The cost of a possible uncontrolled default could really soar to EUR 1 trillion, because it will bring serious negative consequences in countries like Italy,Spain, Portugal and Ireland and they will need more aid to stop the Greek infection, ...
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Greece Goes Down to the Wire, Again!
CNBC.com
... 177 billion euros in losses for the European Central Bank; 380 billion euros for additional support for Ireland and Portugal (already receiving aid); 350 billion euros to shore up Spain and Italy; and 160 billion for bank recapitalization.
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Greece: cuts lies fall apart as crisis deepens
Socialistworker.co.uk
Governments in Spain, Portugal and Ireland recently announced more cuts. In Ireland the government has been forced to call a referendum on the cuts. And in Spain there have been huge demonstrations. European leaders also use Italy as an example to ...
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Disorderly Greek default could cost at least €1 trillion
Irish Independent
By Independent.ie reporters A DISORDERLY Greek default could cost €1 trillion and force Italy and Spain into bailout territory whileIreland and Portugal would need more funding, according to the Institute of International Finance.
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Irish Independent
Eurozone exports dropped 0.4% in the fourth quarter of 2011
FinFacts Ireland
Six of the 17 Eurozone countries - - Greece, Portugal, Italy, Slovenia, the Netherlands and Belgium - - are already in recession, because of two straight quarters of falling output. Another four, including Spain and Germany, have suffered one quarter ...
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FinFacts Ireland
Bondholder group sees 1 trillion euro Greek default risk
Chicago Tribune
Spain and Italy might require 350 billion euros in outside support to contain the fallout, the IIF said, while the cost of helping Ireland and Portugal could total 380 billion euros over five years. If the deal fell apart, the European Central Bank ...
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A disorderly default of Greece would cost over 1, 000 blns
Agenzia Giornalistica Italia
According to IIF, the international institute grouping Greece's creditor banks, the total of international aids to Italy and Spain by the European and Imf rescue funds would amount to 350 billion euros. Ireland and Portugal would need more aids, too.
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Why Big Money Is Turning to China
Moneyshow.com
The austerity budget plans that have inflicted so much pain on the people ofGreece, Portugal, Ireland, Italy, Spain, France, and (soon) the Netherlands have helped stabilize the financial markets for the debt of most of these countries.
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Europe Offers Diamonds in Rough
NuWire Investor
While there is some truth to the stereotype, people willing to look closely will notice there are many European hotspots offering good value, particularly in places like Portugal, Ireland, Spain and Italy. The Eurozone debt crisis has caused its share ...
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European markets plunge on Greece and growth fears
NASDAQ
The EUR/USD is also plunging amid growth concerns and Greece news. The IIF wrote that a disorderly default in Greece would probably see contingent liabilities exceed € 1 Trillion, as it would hit the ECB, Portugal, Ireland, Spainand Italy.
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Full text of IIF default report
EMportal
Taken together, indeed, Spain and Italy account for about 8 percent of exports for the Euro Area members as whole, compared with just 2 percent forGreece, Portugal and Ireland. Comparable numbers for Germany are 7.5 percent and 1.5 percent for the two ...
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Germany's Merkel: No Alternative To Euro Zone Respecting Rules
Wall Street Journal
... to austerity and reform efforts have been a key factor behind widening bond spreads that have made it very difficult, or in some cases impossible, for countries such as Greece, Portugal, Ireland, Spain and Italy to get funding in markets.
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$1.3tn cost of Greek disorderly default
DigitalJournal.com
... default in Greece would be about $1.3 trillion. A disorderly default and exit from the euro would greatly impact the European Central Bank and the weaker European states ofItaly, Portugal, Spain and Ireland would probably need outside help.
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DigitalJournal.com
Markets steady, but Greece worries continue
FX-MM
The Institute of International Finance has released some comments stating “a default would lead to bank recapitalisation costs which could easily be €160bn and lead to Portugal, Ireland, Spain and Italy requiring support”. These observations are likely ...
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Greece's default could cause financial crash
The Voice of Russia
Experts believe that a default in Greece may be followed by serious financial problems in Portugal, Ireland, Italy and Spain. The institute also insists that the already existing agreement to exchange Greece's bonds, which would write off over € 100 ...
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Greece threatens default on PSI holdouts
Financial Times
By Richard Milne and David Oakley Greece threatened to default on any of its bondholders who do not take part in this week's €206bn debt swap, raising the pressure on potential holdouts. The Greek public debt management agency said in a statement that ...
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Financial Times
Eurostat: Romania, third in EU in terms of January 2012 retail trade developments
ACTmedia
In January 2012 compared with December 2011, the volume of retail trade grew by 0.3 percent in the euro area (EA17) - Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, ...
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ACTmedia
The Euro Is Channel-Bound, But Are Fundamentals Hinting at a Change?
Gainpips.com
Greece is the initial “domino” that is wobbling at its base, but the major concern has always been that “contagion” may easily spread to the remaining “PIIGS”, Portugal, Ireland, Italy, or Spain. Active investors may be tiring of following bond ...
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German 10-Year Yield Approaches Six-Week Low Before Euro-Area Growth Data
Bloomberg
Italian government securities fell for a second day as Greece struggled to meet a deadline to conclude a deal with creditors on a bond exchange required before it can access a 130 billion-euro ($171 billion) bailout. Portugal's notes dropped even after ...
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Greece raises €1.137 billion as costs dip
RTE.ie
Spain and Italy might require €350 billion in outside support to contain the fall-out, the IIF said, while the cost of helping Ireland and Portugal could total €380 billion over five years. If the deal fell apart, the European Central Bank would suffer ...
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Moment of truth on Greek debt deal approaches
AFP
The institution warned that beyond Spain and Italy, bailed-out eurozone members Portugal and Ireland would be hit hard by a Greek default as well. Moreover, the IIF warned that "it is difficult to conceive that Greece can remain a functioning member of ...
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AFP
IIF sees 1 trillion euro fallout from Greek default
Reuters India
By Alex Chambers | LONDON (Reuters) - A disorderly default in Greece would probably leave Italy and Spain needing outside help to stop risks spreading, and cause more than 1 trillion euros damage to the euro zone, the Institute of International Finance ...
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Jobs boost for animation company Boulder Media
Irish Examiner
Producer Anne Tweedy said the majority of the crew is Irish but other experts from Finland, Italy, Poland, Denmark, England, Scotland, Spain and Portugalhave been hired. “We are fortunate to have a highly skilled core crew and we have found the ...
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IIF warns Greek default might cost Eurozone 1 trillion euros
FXstreet.com
In a document from 18 February the banking trade group warned that such an event would result in Italy and Spain seeking external aid in the face of the threat of contagion. They estimated that the damage to the Eurozone would amount to 1 trillion ...
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Republic of Ireland fans vent their frustration over Giovanni Trapattoni ...
BBC Sport
The move appeared to send a clear message to supporters and pundits that there would be no room to shuffle the pack ahead of the summer's daunting group ties with Croatia, world champions Spain, and Italy. “You can set a course and that is what I have ...
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Eurozone retail sales rose 0.3% in month of January 2012; Flat in 12-month period
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), ...
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FinFacts Ireland
Who's afraid of the Eurocrats? Not Mariano Rajoy
Telegraph.co.uk (blog)
Greece should have taught the European Commission that much. The precarious house of cards that is the Economic Monetary Union is already weakening under the combined burden of Greece, Ireland, Italy and Portugal. Now dissenters in France, ...
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Telegraph.co.uk (blog)
European Stock Indexes Slide Deep Into The Red
Inthemoneystocks.com (blog)
The Institute for International Finance warned that a disorderly default byGreece would likely force Italy and Spain to seek financial aid. Portugal andIreland have also been rumored to need a second bailout and everyone is now wondering where this ...
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Greece Debt Insurance Costs At Fresh Record On PSI Concerns
NASDAQ
Around 0825 GMT, Greece's five-year credit default swap was two points wider at 76 points upfront, its widest level yet, according to data-provider Markit. Quoting CDS prices upfront is a convention reserved for particularly risky investments.
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Safety Warning For Investors As Old Certainties Disappear
VC Circle
... government bonds, leaving them underweight in markets such as Spain andItaly. Some have taken an even more extreme position with the small, peripheral government bond markets of Greece, Ireland and Portugal, which they are now completely avoiding.
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IIF warns of massive Greek default fallout: report
MarketWatch
By MarketWatch FRANKFURT (MarketWatch) -- A disorderly default byGreece would likely force Italy and Spain to seek aid to prevent being engulfed by the debt crisis and would cause more than 1 trillion euros ($1.36 trillion) in damage to the euro zone, ...
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Risk Selloff Intensifies as EUR/USD Drops Through 1.3150
NASDAQ
The IIF report stated that bank recapitalization costs in the wake of a Greek default could climb to 160 Billion euros weaken the credit standing of Portugal,Ireland, Spain and Italy and result in contingent liabilities of more than 1 Trillion euros.
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Regional Focus: Weak Outlook Continues for the Eurozone's ...
The so-called peripheral countries of the eurozone, the “PIIGS” (Portugal,IrelandItalyGreece and Spain) have all suffered significantly between 2007 and 2011 following the global economic downturn, with levels of public debt that are ...
Analyst Insight from Euromonitor...
IIF: Greece's Disorderly Default Would Cost EZ One Trillion Euros ...
By keeptalkinggreece
Greek News in English, Blog, Wit & Drama. News · Economy ... Trillion Euros tagged: CACs, disorderly default, Greece, IIF, report, Reuters ... The impact would be hazardous for countries like ItalySpainIreland and Portugal. As the “secret” ...
Keep Talking Greece
Portugal, Italy, Greece and Spain = PIGS and then there is Ireland ...
Portugal, Italy, Greece and Spain = PIGS and then there is Ireland. Now that the angst that swept through the markets in the past few weeks has been shrugged ...
www.fxempire.com/.../portugal-italy-greece-and-spain-pigs-an...
America's Per Capita Debt is Worse than Greece, Portugal, Ireland ...
... debt is worse than that of Portugal, Ireland, Italy, Spain, Greece (PIIGS), and France. ... “New Report on GOP Primary Contenders Says Only Ron Paul Would ...
www.theblaze.com/.../this-chart-of-americas-per-capita-debt-s...
'America's Per Capita Government Debt Worse Than Greece', As ...
'America's Per Capita Government Debt Worse Than Greece', As Well AsIreland, Italy, France, Portugal And Spain (Chart) · Economy, Global News, Politics Add ...
www.infiniteunknown.net/.../america’s-per-capita-government...
'America's Per Capita Government Debt Worse Than Greece', As ...
'America's Per Capita Government Debt Worse Than Greece', As Well AsIreland, Italy, France, Portugal And Spain (Chart). February 27th, 2012 joetaxpayer ...
www.irishtimez.com/.../americas-per-capita-government-debt-...
What Ails Europe? - NYTimes.com
News Analysis: The Failing State of Greece (February 26, 2012) ... Do the troubled GIPSI nations (Greece, Ireland, Portugal, Spain, Italy) stand out for having ...
www.nytimes.com/2012/02/.../krugman-what-ails-europe.html
Banks miss best of bond gains as fear trumps greed | Investing ...
Latest News Headlines Feed .... RBS cut its holdings of Italian, Irish,Portuguese, Spanish and Greek government debt by 90 percent in 2011 while boosting ...
business.financialpost.com/.../banks-miss-best-of-bond-gains-a...
Eurozone crisis: solvency or liquidity?
About English News · iBT TOEFL · Essay. 03-04-2012 15:56, News List ... i.e.Spain, Italy, Portugal and Greece ― the case of Ireland is different since theIrish ...
www.koreatimes.co.kr/www/news/biz/.../123_106181.html
Greece: Paul Murphy solidarity visit – Day 3 | socialistworld.net
27/02/2012: Greece Solidarity: Striking journalists continue to publish ... but for working people in Ireland, Portugal, Spain, Italy and all across Europe went down ... A privately owned daily newspaper, Eleftherotypia, had not paid its workers for ...
www.socialistworld.net/doc/5608
US Politics | AMERICAblog News: There are three Europe stories ...
News and opinion about US politics from a liberal/Democratic/progressive ...Greece, Ireland, Portugal, Spain, and Italy — right themselves economically?
www.americablog.com/.../there-are-three-europe-stories.html
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