GREECE News, May 26, 2012

As Greek Banks Report Earnings, Attention Turns to Deposits Wall Street Journal Faced with a sharp drop in deposits and reduced access to cheap cash from the European Central Bank, Greek banks are being tightfisted with loans, which is likely to make Greece's recession, now in its fifth year, even deeper. National Bank of Greece, ... See all stories on this topic »

Dallara Says Estimated EU1 Trillion Greek Euro Exit on Low Side San Francisco Chronicle Previous Estimate In February, the IIF estimated that Greece's liabilities, in the event of a euro exit, could be crippling. "It is hard to see how they would not exceed 1 trillion euros," the group said in an internal Feb. 18 report that hasn't been ... See all stories on this topic »

US data, Europe woes to set tone Reuters By Chuck Mikolajczak | NEW YORK (Reuters) - Investors will grapple next week with major US economic reports and the looming possibility of a Greekexit from the euro zone, which is likely to keep dragging on equities for weeks to come. See all stories on this topic »

What would a Greek exit mean for North America? Montreal Gazette TD Economics warned in a report this week that "a disorderly exit by Greecefrom the eurozone represents the number one risk to Canada's economic outlook." "Canada has little direct exposure to Europe and the real economy would be hit more ... See all stories on this topic »

Euler Hermes Says It's Reviewing Greek Export Coverage BusinessWeek Greeks vote again June 17 after elections May 6 failed to produce a workable majority in parliament, as parties opposed to sticking to Greece's part of an aid agreement with the European Union made strong inroads. The credit insurer denied a report in ... See all stories on this topic »

Here's How Greece Can Dominate The Lucrative Global Olive Oil, Feta Cheese And ... Business Insider Financial distress and political turmoil persists in Greece. Andnow a Greek exit from the euro is what everyone is buzzing about these days. However, there are numerous actions Greececan take to help turnaround its desperate financial position. See all stories on this topic » Business Insider

UK plans migrant curbs if euro folds: Report Economic Times LONDON: Britain is drawing up emergency immigration controls to combat any surge in economic migrants from Greece and other European Union countries if the euro collapses, its interior minister said in remarks published on Saturday. See all stories on this topic »

Markets have lost $2-trillion since Greek stalemate began Globe and Mail But they did nothing aimed at making that happen, and many observers believe it's now only a matter of time before Greece exits the 17-member monetary union. Indeed, officials are talking openly about it now. Markets arenow closely watching the polls ... See all stories on this topic »

E-Mini S&P 500: Absence of Euro tidings lead to upswing! Inside Futures The Greeks are afraid of rapid devaluation of the currencies. The EU insists that the wish to keep Greece in the EU and on the other hand are making plans for a managed exit. The French banks hold the most Greek debt and must have a contingency plan in ... See all stories on this topic »

US data, Europe woes to set tone Chicago Tribune ... week with major US economic reports and the looming possibility of aGreek exit from the euro zone, which is likely to keep dragging on equities for weeks to come. As contingency plans are made for Greece's possible departure from the euro zone, ... See all stories on this topic »

Spain's troubled Bankia seeks $24B in state funds USA TODAY Spanish banks are seen as particularly shaky because they were heavily exposed to the country's collapsed real estate bubble andnow hold massive amounts of soured investments, such as defaulted mortgage loans or devalued property. See all stories on this topic » USA TODAY

Data, Europe woes to set tone WA today Investors will grapple next week with major US economic reports and the looming possibility of a Greek exit from the eurozone, which is likely to keep dragging on equities for weeks to come. As contingency plans are made forGreece's possible departure ... See all stories on this topic »

GLOBAL MARKETS-Stocks, euro fall on fears of Greek euro exit Reuters ... oil advances modestly By Herbert Lash NEW YORK, May 25 (Reuters) - US stocks and the euro slipped on F riday as Spain's deteriorating finances and a possible Greek exit from the euro overshadowed an upbeat report on US consumer confidence. See all stories on this topic »

MONEY WEEK AHEAD: Crowded Bond Havens To Find Little Reprieve Wall Street Journal By Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--With few places to hide from the growing storm in Greece, investors will keep sending their money to safe-haven US Treasurys and German bunds despite record low rates of return. See all stories on this topic »

Analysts: Europe bank run is under way CBS News This was followed on Tuesday by a report from Citi analyst Matt King who applied Greece, Ireland, and Portugal's documented withdrawal rates and applied them to Spain and Italy: In Greece, Ireland, and Portugal, foreign deposits have fallen by an ... See all stories on this topic » CBS News

GLOBAL MARKETS-Stocks, euro fall as Europe dents sentiment Reuters Trading volume in Europe was lower than an already weak 90-day average, reflecting a downbeat mood that was heightened by concerns about Greeceahead of a three-day US holiday weekend. The euro plumbed a fresh 22-month low against the US dollar after ... See all stories on this topic »

Europe Has Wall Street's Bull on a Short Leash CNBC.com Boockvar said even without any scheduled summits or meetings, headlines from Europe will set the direction for markets ahead of the Greek election. The latest polls show Syriza, the leftist party opposed to the Greek bailout and austerity, ... See all stories on this topic »

Discover the True Beauty of Greece Sacramento Bee See all stories on this topic »

Global stocks, euro fall as Europe dents sentiment CNBC.com NEW YORK (Reuters) - US stocks and the euro eased slightly on Friday as Spain's deteriorating finances and a possible Greek exit from the euro weighed on investor sentiment more than an upbeat report on US consumer confidence. See all stories on this topic »

The Weekly Gold Digger! Inside Futures The Greeks are afraid of rapid devaluation of the currencies. The EU insists that the wish to keep Greece in the EU and on the other hand are making plans for a managed exit. The French banks hold the most Greek debt and must have a contingency plan in ... See all stories on this topic »

Seeking out opportunities in a crisis gulfnews.com "Anyone who tells you they are fully prepared for the full eventuality of Greeceleaving the Eurozone is just plain wrong." As a caretaker Greek government was sworn in, Cheryl Thallon, managing director of Viridian Nutrition, was taking a call from a ... See all stories on this topic »

Why the Dow Finished Higher This Week, and Facebook Didn't DailyFinance To no one's surprise, Europe was a main catalyst as investors continue to fear that Greek elections scheduled for June 17 could further push the country toward a euro exit. Contagion is a main part of the problem; the possibility of Greece leaving the ... See all stories on this topic »

Summer of discontent beckons Reuters UK In the coming week investors find out if the list of current concerns extends to the health of the giant US economy with May non-farm payrolls and consumer confidence reports due, along with a more detailed reading on the first quarter's economic ... See all stories on this topic »

Stocks, euro fall on fears of Greek euro exit IBNLive.com By Herbert Lash NEW YORK (Reuters) - US stocks and the euro slipped on F riday as Spains deteriorating finances and a possible Greek exit from the euro overshadowed an upbeat report on US consumer confidence. Oil prices edged higher due to a lack of ... See all stories on this topic »

Weekly Review and Outlook: European Majors Weighed Down by GreeceExit Worry ... Action Forex Focus remained on the question of whether Greece will exit Eurozone, and the subsequent impact. The informal EU summit did nothing to restore market confidence as Euro weakened against all major currencies expect the Swiss Franc. See all stories on this topic »

Euro wallows at two-year low Business Recorder (blog) Macro funds and real money investors have ramped up selling of the currency, which is now down more than 5 percent in May, as concerns aboutGreece leaving the zone. Greeks are voting again on June 17, with polls showing a close race between parties ... See all stories on this topic »

Brooks, Marcus on Coming Economic 'Chaos,' New Recession Fears, Bain Debate PBS NewsHour So, this week , there was a sobering report from the Congressional Budget Office, David, in which they warned the country could land in another recession if Congress does a couple of things, lets these -- doesn't let these Bush era tax cuts expire, ... See all stories on this topic »

Obama campaign stumbles out of the gate The Virginian-Pilot But for now, it's impossible to overlook the early struggles of a White House and political team notorious for discipline and effectiveness. Consider the rocks that piled up in Obama's backpack this week as he and Romney moved into the opening phase of ... See all stories on this topic »

Europe's Dilemma: Immigration And The Arab Spring - Analysis Eurasia Review Given the squalid conditions of the Greek immigrant centers, several nations chose not to send asylum-seekers back toGreece even before the court handed down its ruling. Not all migrants can be classified as refugees, according to the UNHCR definition ... See all stories on this topic » Eurasia Review

Mining correction offers opportunity? Proactive Investors UK The question of whether Greece will remain a member of the Eurozone after the country's election next month also continued to cast a shadow over the markets. Fears were accentuated by a warning from former Greek Prime Minister Lucas Papademos that the ... See all stories on this topic »

Eurozone crisis live: Row after Angela Merkel 'suggests Greece ... Athens News reports that Johnson told them that Greece should take solace... the latest opinion poll on the state of Ireland's parties in today's Irish Independent. www.guardian.co.uk/.../eurozone-crisis-stock-markets-greece-

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