Today: IRELAND, Portugal, Spain, Italy, Greece News, Mar 13, 2012

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Mar 13, 2012

IRELAND, Portugal, Spain, Italy, Greece News, Mar 13, 2012

Euro Fate Depends Whether Wyplosz or Kirkegaard Is Right
Bloomberg
“In neither Ireland nor Portugal do I think that PSI will be implemented,” said Jacob Kirkegaard, research fellow at the Peterson Institute for International Economics in Washington. “Spain and Italy will muddle through.” Fresh Doubts Who is right will ...
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Eurozone Crisis and Property Deals
NuWire Investor
The Eurozone is in economic upheaval as the sovereign debt crisis continues to threaten regional markets, particularly in the weaker member countries that include Portugal, Ireland, Italy, Greece and Spain. The distress may make one think it's a good ...
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Ireland and Spain emerge from property market rubble
CNBC.com
... London and Paris to shield cash from the euro zone sovereign debt crisis,Ireland and Spain have dealt with their problems to such an extent they are attracting investors over other debt-laden countries like Greece, Italy andPortugal.
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Europe's Fate Depends on Whether Wyplosz or Kirkegaard Is Right
San Francisco Chronicle
While yields on 10-year bonds for Italy and Spain have dropped below 5 percent, Portugal faces a 13 percent interest rate and the cost of credit-default swaps on Italian debt imply a 27 percent chance of default within five years. "In neither Ireland ...
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Portugal Yield at 13% Says Greek Deal Not Unique: Euro Credit
BusinessWeek
By Lucy Meakin and Keith Jenkins on March 12, 2012 The good news isGreece won't default on March 20, and 10-year borrowing costs for Spain andItaly have dropped below 5 percent. The bad news is similar- maturityPortuguese bonds still yield more than ...
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EU not going soft on Spain - Noonan
RTE.ie
Spain is not in a [bail-out] programme. There are three programme countries,Greece, Portugal and Ireland and obviously the rules and conditions for programme countries have been negotiated, set down and agreed under quarterly reviews.
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Greece fights off default for now, Portugal teeters on edge
Toronto Star
Bloomberg News The good news first: Greece won't default on March 20, and 10-year borrowing costs for Spain and Italydropped below 5 per cent. The bad news is Portuguese bonds with a similar maturity still yield more than 13 per cent, prompting fears ...
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Toronto Star
Will Portugal follow Greece into debt relief?
Moneycontrol.com
... might not be whether Portugal will get restructured, but whether debt relief can be confined to just Portugal andGreece. Bloomberg figures that Ireland might be in for some minor restructuring but that this is unnecessary for Spain andItaly.
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Moneycontrol.com
Cash injection is a 'caffeine boost'
Financial Times
Yet the liquidity injection cannot alone solve the problems of the stalling, uncompetitive economies on the eurozone's southern and western fringes – Greece, Ireland, Italy, Portugal and Spain, say strategists and bankers. Spain has already warned that ...
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Financial Times
Get 6%, 7% -- Even 10% Yields from these Global Bank Stocks
StreetAuthority
In the European Union (EU), banks underperformed every other industry group last year, due to concerns about their loans to troubled European countries such as Portugal, Italy, Ireland, Greece and Spain (PIIGS). As bonds of all of the PIIGS tumbled, ...
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Mayer Says Portugal Bailout Talks May Start Again: Tom Keene
BusinessWeek
... it followed Ireland and Greece in seeking a bailout last year. Structural deficits in Italy and Spain, where yields have also surged, will decline between 2 percent to 2.5 percent by the end of this year because of austerity measures, Mayer said.
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European Stocks Fall on China Exports Data; Temenos Slips
BusinessWeek
Gauges in Italy, Spain, Portugal, Ireland and Greece fell. Vedanta Resources Plc (VED) dropped 3.7 percent to 1369 pence as copper snapped a three-day rally on the London Metal Exchange following signals that China's economy has slowed.
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It's About Jobs and Immigration…in Europe
Moneyshow.com
The EU has a tough task. If it offers concessions to Spain, expect Portugal,Ireland, etc., etc. to submit their own 'requests.' "However, I just can't see howSpain can meet its prior commitment. Officially, GDP is forecast to be -1.0% to -1.7% this ...
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EU leaders are using the financial transaction tax to hide a Spanish-led...
Telegraph.co.uk
Greece is small enough to bully but Spain - and Italy, Portugaland Ireland - are all big economies, without which the eurozone would disintegrate. If Merkel's austerity drive is unacceptable to these members, if they are prepared to simply ignore ...
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Telegraph.co.uk
Gas Prices and the European Recession
24/7 Wall St.
Most data from national government agencies in European countries, as well as data from the European Union, show that Greece, Spain, Italy, Portugal,Ireland and several other nations are in the midst of GDP contraction. Numbers from Germany show that ...
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Euro Area Still in Economic Turmoil
FXstreet.com
For some analysts, the Greece bailout deal and the refinancing done by the ECB have had tremendous effects on the region's economy, but much needs to be done to safeguard against contagion. Countries' such as Ireland, Spain,Portugal, and Italy are ...
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The Spanish government will consider the request in the budgetary process
FXstreet.com
In the intra-EMU bond market, 10-year yield spreads to Germany widened by 4 to 6 bps for France, Austria and Belgium and by 10/11 bps for Spain and Italy, while Irish and Portuguese spreads were modestly tighter. 2-year yield spreads were little ...
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Portugal Gradually Shuffles Its Way Towards The Front Of The Debt Queue
Seeking Alpha
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 Greeceand Ireland……Portugal's 10-year yield was at 13.83 percent at 12:07 pm in London, ...
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Thoughts From The Frontline: There Will Be Contagion
Seeking Alpha
In addition, Portugal and Ireland were said to be 'in a much better place,' while the credibility of Spain and Italy had 'increased.'" The headlines are aboutGreece, but the real story is not Greece but who is next. European leaders were right to be ...
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Free or Not to Be? That's the Battle
Huffington Post
Is it more of an economic one which has begun in Greece and has also emerged in Portugal, Ireland, Italy and Spain ? A break-up of political, social, as well as economic, systems that do not operate justly and transparently, is being evidenced in both ...
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Soaring Target2 Imbalances Stoke German Risk Angst: Euro Credit
Bloomberg
Italy had a Target2 deficit of 191 billion euros as of Dec. 30, whileSpain's was 175 billion euros and Ireland owed 80 billion euros, according to figures compiled by their central banks. 'Dependent on Germany' “There would have been a current-account ...
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Bloomberg
Greek Students Fight Stray Dogs and Despair Amid College Cuts
Bloomberg
“For an economy like Italy or Spain or Greece, higher education is a driver for turning yourself into a high- productivity economy,” Allard said in an interview. “They've got to break through this and that's why education is more important for them ...
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Bloomberg
Germany seeks to flush out positions on financial tax
EurActiv
Nine member states – France, Germany, Italy, Spain, Belgium, Austria, Portugal, Finland and Greece – signed a letter to Denmark on 7 February calling for progress on the introduction of an FTT before the end of its EU Council Presidency.
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EurActiv
Contrarians Bet Big on Europe -- and Win
Smartmoney.com
Some truly brave managers are even betting that beaten-down stocks from the Piigs (Portugal, Ireland, Italy, Greece, and Spain) will outperform this year. Michael Gayed, the chief investment strategist at Pension Partners, says central banks around the ...
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Markets: Bank of Japan adds new loan program; Economy facing falling growth ...
FinFacts Ireland
... its structural deficit by 1.5% of GDP in 2012, broadly similar to the overall fiscal consolidation expected in the euro area though smaller than the large adjustments planned in southern European countries such as Spain, Italy, Portugal and Greece.
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FinFacts Ireland
Lehman Act II Is Now; “The World Is Not Expecting This” (VGK, EUO, EWI, EWP ...
ETF Daily News
... Greece serves as a template for the other beleaguered nations, not the exception. The market will discount equivalent debt owed by Ireland (NYSEArca:EIRL), Portugal, Spain (NYSEArca:EWP) and Italy (NYSEArca:EWI) at some point during the crisis, ...
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ETF Daily News
European Debt Crisis: Austerity Could Expose Interconnectedness Of The System
Seeking Alpha
Besides Greece, Portugal and Ireland are the weakest countries in the eurozone, but are relatively small and could be contained. The problem isSpain which has one of the lower absolute debt levels but struggles to compete in global markets, ...
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Behind the scenes of Mario Draghi's ECB reign
Vancouver Sun
... main mandate of ensuring price stability, while at the same time dealing with market and political pressure from other countries to steer Europe out of a debt crisis that has engulfed Greece, Portugal, Ireland, Spain and even his nativeItaly.
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Reviewing Some of Michael Pettis World Economic Predictions made in 2011
Next Big Future
Spain and several countries, perhaps even Italy (but probably not France) will be forced to leave the euro and restructure their debt with significant debt forgiveness. Germany will stubbornly (and foolishly) refuse to bear its share of the burden of ...
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Euro Weakness Waning as Draghi Cash Prompts Forecasters to Drop Bear Views
BusinessWeek
While the crisis that led to bailouts of Greece, Portugal and Ireland and the restructuring of Greek debt caused the euro to weaken 8.7 percent versus the dollar since August, traders who predicted a breakup of the single currency are being silenced.
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Debt crisis: as it happened - March 12, 2012
Telegraph.co.uk
18.51 Here's a video from Bloomberg featuring German Finance Minister Wolfgang Schaeuble talking about debt problems inGreece and Spain, ahead of a Eurogroup meeting tonight in Brussels. 18.32 The IMF has said the total amount of financing under the ...
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Telegraph.co.uk
Greece Debt Swap Completion Provides Relief But No Plan
Technorati
Yet Greece, no longer a danger to Europe, threatening to start a chain-reaction of national defaults which would have swept awayItaly, Portugal, Spain and Ireland and effectively destroying the EU forever, is by no means out of the woods.
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Technorati
Spain tests Europe's austerity logic
Kitsap Sun
Finance ministers, meeting in Brussels on Monday, will discuss Spain's high deficits and potentially dangerous imbalances in other countries. (AP Photo/Virginia Mayo) Italian Prime Minister Mario Monti, right, speaks with European Central Bank ...
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Euro Finance Ministers Say Yes To Greek Bailout Plan
FXstreet.com
The crisis looming in Spain, Portugal, Italy, and Ireland have been cited as possible indicators of the depth of debt crisis in Europe. This has led some analysts to predict a possible recession in the region later in the year. As Europe struggles with ...
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Debt crisis: live
Telegraph.co.uk
The International Monetary Fund, led by Christine Lagarde, meets today to decide on its contribution to Greece's second bailout. Photo: Bloomberg Luxembourg's Prime Minister Jean-Claude Juncker, right, puts his hands on the neck of Spain's Economy...
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Telegraph.co.uk
Euro Zone Split over Financial Transaction Tax
Spiegel Online
... Belgium, Spain, Portugal and Greece, as well as Italian Prime Minister Mario Monti, who is also the country's finance minister. The most significant thing, however, is the fact that eight euro-zone countries did not sign the letter, namely Ireland, ...
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Spiegel Online
DIARY - Political and General News Events From March 13
Reuters
ATHENS - EU Task Force head Horst Reichenbach holds a press conference to present the Task Force's quarterly report on Greece (1200). PARIS - IrishFinance Minister Michael Noonan to visit France (to March 16). SEOUL - South Korea and United States ...
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Will the NPC ride to the UK's rescue?
China Daily
It will also put more pressure on Spain, Portugal, Italy andIreland's economies. This could lead to the failure of the euro. That in turn would shake all of the world's economies. Europe would start importing far less, putting Chinese companies out of ...
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China Daily
CDS: Insurers Pay Only When The Bond Is 'All Dead'
Seeking Alpha
Over the last year, the largest declines in gross CDS exposure occurred in markets insuring bonds issued by Portugal, Greece, Iceland and Ireland. The largest increase in gross CDS exposure occurred in markets insuring bonds issued by Belgium, ...
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European Countries That Make You Go Hmmm… | The Big Picture
By John Mauldin
Spain is a big country. Spain matters. When the PIIGS first muscled their way up to the trough a lifetime ago, the initial diagnosis was that IrelandPortugaland Greece neither mattered in the grand scheme of things nor were likely to get out of ... This is great news for Italy. This is terrible news for SpainSpain is now about to become the country everyone cares about all over again and, when the world's focus return's to the Iberian Peninsula, it will realise that the large, grey shape in the ...
The Big Picture
Gas Prices and the European Recession - 24/7 Wall St.
By 247wallst
... that can move the market, real-time and in context! Real-time CompanyNews, Economic Reports, Analyst Calls, Upgrades, Downgrades, Initiations and Key Industry News as it happens. See it Now ... prices will cause the recessions throughout Europe to worsen. Most data from national government agencies in European countries, as well as data from the European Union, show that GreeceSpainItalyPortugalIreland and several other nations are in the midst of GDP contraction.
24/7 Wall St. - Market Wire
GetLiberty.org >> Rescinding $108 billion from IMF necessary ...
By admin
The combined debts of PortugalItalyIrelandGreece, and Spain total more than €3 trillion. The IMF was never intended to bail out advanced economies in the first place. Rescinding the $108 billion will not change that reality — it could not ...
GetLiberty.org
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...
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

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