Today: IRELAND, Portugal, Spain, Italy, Greece News, Apr 03, 2012

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Apr 3, 2012

IRELAND, Portugal, Spain, Italy, Greece News, Apr 03, 2012

The Euro Divorce
Wall Street Pit
Das and Roubini want: Portugal, Ireland, Italy, Greece and Spain to abandon the Euro. A system of fixed exchange rates (or managed exchange rates) to be introduced in the transition where the ECB will play a strong role defending the announced targets.
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Euro Zone Needs 'Amicable Divorce Settlement': Roubini
CNBC.com
To deal with what they argue are fundamental design flaws of the euro zone, they propose a "divorce settlement" under which some countries - ideallyPortugal, Ireland, Italy, Greece and Spain - leave the union and a core group of countries remains in ...
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Spanish minister presents 'extreme' budget
Financial Times
Investors' nerves about eurozone members Spain and Italy – and the possibility of their needing to follow Greece, Ireland and Portugal into bailout programmes – have been reflected in volatile sovereign bond markets. On Tuesday, the yield on Spain's ...
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Did Spain Commit Economic Suicide?
DailyFinance
The rest of the so-called PIIGS -- Portugal, Italy, Ireland, and Greece -- all have public debt-to-GDP ratios near or exceeding 100%. Even Germany, the ostensible pillar of fiscal and economic conservatism, has a ratio of 83%. Thus, to subject Spain to ...
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Elite Serum Expands Distribution to Europe, Serves 26 EU Countries
MarketWatch (press release)
... Spain, Italy, Belgium, Luxembourg, Netherlands, the Republic of Ireland,Portugal, Austria, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia, Slovenia, and Sweden.
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DIARY - European Market Holidays to December 2012
Reuters
... Good Friday (Catholic & Protestant) Denmark - Good Friday Estonia - Good Friday Finland - Good Friday France - Good Friday Germany - Good FridayGreece - Good Friday (catholic) Hungary - Good Friday Iceland - Good FridayIreland - Good Friday Italy ...
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Make Europe's pain your gain
CNNMoney
In fact, it could take years for the debt-laden nations known as the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) to trim down their bloated budgets. Still, as is often the case in times of turmoil, fear can lead to opportunity.
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Europe's central bank looks in vain for growth
The Associated Press
And national jobless rates paint an even more disturbing picture — especially among the countries hit worst by the debt crisis: Spain at 23.6 percent unemployed, Greece 21.0 percent, Ireland 14.7 percent. The European Union's executive commission ...
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Spain warns of soaring debt
Ninemsn
Spain is racing to slash its public deficit to reassure markets that it will not follow Greece, Ireland and Portugal in needed an international bailout after it missed its public deficit target last year. "Faced with the market tensions,Spain has no ...
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EU facing dilemma of splitting Euro
Press TV
The problem is not with Germany it's with Spain, Portugal,Greece, Southern Italy, ‎Ireland etc. That's where the problem resides and those country's goods are ‎uncompetitive; their industries are uncompetitive, hence the unemployment and the ‎lack of ...
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Press TV
Europe's Financial Maginot Line
The American
IMF and EU policymakers should be asking themselves why one should expect such a firewall to succeed for Italy and Spain when a similar firewall has been demonstrated not to have worked in Greece and Portugal. At the recent G-20 Finance Ministers' ...
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Is a 1930s-style Great Depression on the horizon?
PublicServiceEurope.com (blog)
Portugal, Ireland, Italy, Greece and Spain – also known pejoratively as the PIIGS - are still in the economic mire despite the suggestion from some of the more optimistic analysts that some very small green shoots are emerging from the post-riots ...
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PublicServiceEurope.com (blog)
A divorce settlement for the EZ
OANDA Forex (blog)
Greece may need another debt restructuring; Portugal and Ireland may need restructuring too. Spain and Italy may yet come under the gun. Banking crises are hardly ever resolved without removing toxic assets or recapitalisation. The eurozone still lacks ...
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Spain warns of soaring debt as unemployment rises
AFP
Spain is racing to slash its public deficit to reassure markets that it will not follow Greece, Ireland and Portugal in needed an international bailout after it missed its public deficit target last year. "Faced with the market tensions, Spain has no ...
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AFP
Q2′s Eurozone Member to Watch: Spain
Investorplace.com
Click to Enlarge With Spain's unemployment rate now over 23% and its economy looking to join those of Ireland and Portugal in sinking back into recession, it should come as no surprise that Spanish bond yields are rising. At 5.3%, the Spanish 10-year ...
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Christine Lagarde: Emerging Market Nations Will Get More Power in the IMF
Knowledge@Wharton
The countries that are driving the recession at the moment are clearly countries like Ireland, Greece, Portugal andItaly. So this doesn't come as a surprise. It's part of a process that we had anticipated and were forecasting for 2012.
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Knowledge@Wharton
Eurostat: Euro area unemployment rate hits a record high in February
Focus News
The BNR adds that Bulgaria ranks 8th in the EU after Spain, Greece, Ireland,Portugal, Slovakia, Lithuania, and Latvia. EU Commissioner Olli Rehn said euro area unemployment rate was the highest since 1997 and called for structural reforms. London.
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Transat Holidays Extends its Europe Spring Promotion
4-traders
The offer applies to Transat Holidays' vacation packages in Belgium, France,Greece, Germany, Ireland, the Netherlands, Spain, Switzerland, Turkey and the United Kingdom, as well as coach tours in France, Ireland, Italy, Portugal,Spain and Turkey.
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The Institutional Fixed Income Outlook Given the Euro Crisis
SBWire (press release)
Beginning with Greece, the movement has continued to claim other countries, including Ireland, Portugal, Italy, and Spain. And, as these nations have scrambled to reduce their deficits with the purpose of imposing a degree of financial solidarity, ...
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Time for Draghi to Start Leaning
Wall Street Journal (blog)
In fact, as peripheral debtors such as Spain and Italy adopt the fiscal austerity measures that Brussels, and financial markets, are demanding, their growth prospects are deteriorating rapidly. And the need for more liquidity could be just as high or ...
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Euro-Region Producer-Price Inflation Slows for Fifth Month
Bloomberg
Euro-area producer-price inflation slowed for a fifth month in February as annual cost gains weakened from Germany to Spainand Italy. Factory-gate prices in the 17-nation euro region rose 3.6 percent from a year ago after increasing a revised 3.8 ...
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Bloomberg
Wolfson gurus see euro break-up as dangerous but liberating
Telegraph.co.uk
The net external indebtedness of Greece, Portugal, Ireland and Spain is almost 100pc of GDP, or more than 30pc worse than in the Asian crisis. The "cure" of exits, defaults and devaluations is even more urgent. Unilateral exit states would spring a ...
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Dutch 11-Year-Old's Unworkable Plan To Resolve the Greek Debt Crisis
Slate Magazine (blog)
And because this solution was imposed on Europe, lenders will rationally fear that it may be imposed on Portugal, Spain, Ireland,Italy or others. Private borrowing costs will skyrocket in all of those countries, crushing their domestic economies and ...
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Slate Magazine (blog)
Market Forecast: The Pain In Spain Is Unlikely To Stay On The Plain
Seeking Alpha
... Central Bank's own version of quantitative easing, introduced through the vehicles of LTRO 1 & 2, may be somewhat surprised when the next round of serious problems breaks out among the PIIGS (Portugal, Ireland, Italy, Spainand Greece) in 2012.
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Euro unemployment spikes to record 10.8 percent
Mainichi Daily News
Greece, Portugal and Ireland the three countries that have already received a debt bailout had unemployment rates of 21 percent, 15 percent and 14.7 percent respectively. With unemployment rising at a time of austerity, consumers have been reluctant to ...
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Mainichi Daily News
Euro-region unemployment surges to 14-year high, nears record
Hamilton Spectator
Europe's economy has been mired in a fiscal crisis for more than two years, forcing companies to cut jobs and pushing economies from Spain to Irelandinto recessions. While leaders awarded Greece a second aid package last month to help restore ...
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The disappearing Spanish GC repo market
FT Alphaville (blog)
GC trading is shared with Greek, Irish and Portuguese markets and, to a lesser extent, Italy. While we're mentioning Greece, it might be worth pointing out here that, while turnover in the new Greek bonds has risen from zero pre-PSI to very, very, ...
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EU unemployment hits record as debt crisis bites
The Daily Star
It remained stable in Romania. Spain remained the worst affected, with the highest rate at 23.6 percent, followed by bailed-outGreece at 21 percent, Portugal at 15 percent and Ireland at 14.7 percent. Italy hit a record 9.3 percent.
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The Daily Star
Roubini proposes to «dismantle» the Eurozone | Baltic News ...
By BNN
«The Eurozone still lacks the key elements of a monetary union. Greece will, most likely, require another debt restructuring, Portugal's and Ireland's debt could also require restructuring of their debts. Spain and Italy are still in danger of ending ...
Baltic News Network - News from...
The Euro Divorce » INSEAD Blog
By Antonio Fatas
Let me summarize their proposal before I take my turn on bringing some arguments that suggest that this might not work as well as the authors suggest. Das and Roubini want: 1. PortugalIrelandItalyGreece and Spain to abandon the Euro.
INSEAD Blog
Why the euro zone crisis will impact little on Europe's relations with ...
By Jacob Kirkegaard
Since 2010 there have been rumours about large Chinese investments each time a senior Chinese official has visited GreeceIrelandPortugalSpain orItaly, but the reality is that no large transactions have taken place and no deals have ...
East Asia Forum
Spain warns of soaring debt as unemployment rises < Spanish news ...
Spain is racing to slash its public deficit to reassure markets that it will not follow GreeceIreland and Portugal in needed an international bailout after it missed its public deficit target last year. "Faced with the market tensions, Spainhas no ...
Expatica - Spanish Local Headlines
Disappointment in Core, but Some Positive News in Periphery ...
There is talk that Spain may be downgraded, but we suspect this reflects the flurry ... Yes Ireland is in a recession, as is Portugal, Italy, Greece, Belgium, Holland ...
www.creditwritedowns.com/.../disappointment-in-core-but-so...
Economists: Europe stuck on bailout merry-go-round | Deseret News
Italy's public debt level is not much better than Greece's and worse thanPortugal's. Spain, like Ireland, faces a rising tide of business and household red ink tied ...
www.deseretnews.com/.../Economists-Europe-stuck-on-bailout...
Economists: Europe Stuck On Bailout Merry-Go-Round : NPR
NPR News and Shows ... They were proved wrong when Ireland andPortugal required bailouts in 2011. ... Yet the economies of Spain, Italy,Portugal and Greece are forecast to shrink this year, while Ireland alone might eke out a small gain.
www.npr.org/templates/story/story.php?storyId=149149122
Bank of Portugal cuts its growth forecast–hard to see how Portugal ...
It's only Portugal, true, but the trend is ominous for all the EuroZone countries... forecast–hard to see how Portugal (or Greece, Ireland,Spain and Italy) meets its ... Hard to see how those estimates won't go up with the new and lower growth ...
jubakpicks.com/.../bank-of-portugal-cuts-its-growth-forecast-h...
A shortfall in exportable supply
About English News ... The troubled eurozone countries including Greece,Portugal, Ireland, Spain and Italy owe their problems to ... and by the IMF; forSpain and Italy, funding of government bond purchases by the banks in these countries ...
www.koreatimes.co.kr/www/news/biz/.../123_108095.html
Strike activity in Portugal, Spain, Germany and… Italy | In Defence of ...
Most of Portugal's public transport system, including the ports, was paralysed on ... on the UGT leaders and new and more powerful general strikes are inevitable. ... Greece is in recession, as are Portugal, Spain, Italy andIreland, and many ...
www.marxist.com/rising-strike-activitly-in-europe.htm
Austerity: the pain in Spain | Editorial | Comment is free | The Guardian
There are many people in Greece, Italy, Portugal and Spain, who are rapidly.... will soon be looking at the Republic of Ireland, Spain next and possiblyPortugal to ..... Latest news, views and links from Comment is free journalists and editors ...
www.guardian.co.uk/commentisfree/.../austerity-pain-in-spain
BBC News - Q&A: Pain in Spain
Last year, Spain was staring into the same financial abyss that had already swallowed Greece, Portugal and the Republic of Ireland, and was sucking inItaly .
www.bbc.co.uk/news/business-17549970
Italy fears about Spain; Madrid says: 'total nonsense to make ...
Spain, one of the euro zone laggards alongside Portugal, Italy, Ireland andGreece, had an unemployment rate of 22.9% at the end of last year. The number of ...
en.mercopress.com/.../italy-fears-about-spain-madrid-says-tota...
Italian PM: Germany to blame for EU debt - The Local
The Local: Germany's news in English. Find films playing in English .... looks towards its own interest. Spain, Greece, Ireland, Portugal and Italy do the same.
www.thelocal.de/national/20120328-41605.html
Eurozone Raises Firewall to €700 Billion - 24/7 Wall St.
Breaking news that can move the market, real-time and in context! ... new programs to try to keep the fiscal problems of Greece, Ireland, Portugal,Spain, and Italy ...
247wallst.com/2012/.../eurozone-raises-firewall-to-e700-billio...
The Euro Divorce » INSEAD Blog
Das and Roubini want: 1. Portugal, Ireland, Italy, Greece and Spain to abandon the Euro. 2. A system of fixed exchange rates (or managed exchange rates) to be ...
blog.insead.edu/2012/04/the-euro-divorce/
Eurozone builds $1 trillion financial firewall for ... - IBNLive News
... sovereign debt crisis from engulfing larger economies such as Spain andItaly. ... Greece, Ireland and Portugal had to be rescued by EU and IMF after their ...
ibnlive.in.com/news/eurozone-builds...for.../244503-2.html
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