EUROZONE Debt Crisis News, Aug 05, 2011 (2)

Europe reels as MPs split on crisis The Australian Fears were further exacerbated after the President of the European Commission gave warning that the eurozone debt crisis was spreading and suggested that future bailout funds might need to be larger. In a letter to European governments, ... See all stories on this topic »

Debt crisis: Global markets plunge as eurozone contagion speads Telegraph.co.uk In America, the impact of the eurozone debt crisis was exacerbated by a slowdown in the country's manufacturing and services sector, suggesting that the economic recovery has stalled. Today will be critical for stock markets with the release of the ... See all stories on this topic » Telegraph.co.uk

Italy GDP posts modest pickup, seen slowing again Reuters Italian government bonds and shares have been pounded by markets in recent weeks, embroiling theeuro zone's third largest economy in the region's debt crisis. Markets have focused on Italy's political instability and dismal growth prospects, ... See all stories on this topic »

Global stocks recover after sharp fall Financial Express Bangladesh There have been sharp falls in the past 24 hours amid a crisis of confidence in the eurozone'sresponse to the debt crisis and concerns about weak economic recovery in the US and Europe. A fall in the US unemployment rate helped the benchmark Dow index ... See all stories on this topic »

Insight: Wall Street slide sends waves across economy Reuters "The debt ceiling crisis has created uncertainty in the credit markets and to a large degree the M&A market is moored to the credit markets," said Eric Greenberg, an M&A partner at law firm Paul Hastings. "You are seeing some new uncertainty at least... See all stories on this topic » Reuters

Europe stocks extend slide on global growth fears Reuters "We're in a crash configuration triggered by a confidence crisis. This is getting really serious," said Jacques Henry, analyst at Louis Capital Markets in Paris. "Forget sector rotations within equities, it's sad to say but there is no safe haven here. ... See all stories on this topic »

Obama Reassures On Economy Amid World Market Tumult RadioFreeEurope/RadioLiberty It comes a day after Barroso expressed alarm over the mounting crisis and called on the 17 leaders of the eurozone to move quickly to strengthen theEU's debt-relief strategy. Other countries this week took steps to weaken national currencies, ... See all stories on this topic » RadioFreeEurope/RadioLiberty

Europe Factors-Shares set to sink as Wall Street plunges Reuters ... than 4 percent on Thursday and the Nasdaq lost 5 percent on escalating worries that the world's biggest economy is staring at another economic downturn and that Spain and Italy could become the next dominos to fall in the euro zone debt crisis. ... See all stories on this topic »

The recession fears behind the market meltdown Citywire.co.uk European Commission chief Jose Manuel Barroso warned at the same time that the crisis is spreading across Europe: 'It is clear that we are no longer managing a crisis just in the euro-area periphery,' Barroso warned in a letter to eurozone leaders. ... See all stories on this topic »

EU Morning Report- Dollar rose ahead of the Non Farm Payrolls data Easy-Forex Heightened risk aversion in the market as well as growing concerns over the US economic growth and the eurozone debt crisis resulted in the rise of the yen. Oil prices shed 8% sliding to 85.07 dollars a barrel from 92.45. Gold edged lower to 1640.05 ... See all stories on this topic »

Glass-Steagall Needed Now To Avert Global Dictatorship Executive Intelligence Review (EIR) Whether this existential crisis in the United States is overcome by a two-tier banking system in the tradition of Franklin Roosevelt, or whether events lead to a worldwide conflagration, may well be decided this very week. Meanwhile, in Europe ... See all stories on this topic »

METALS-Base metals slide on slowdown fears Reuters World leaders moved to address the turmoil, which has been driven by fears the world economy is slipping back into recession and by the inability of policy makers in Europe to extinguish the debt crisis engulfing the region. However, given still robust ... See all stories on this topic »

US stock index futures fall; all eyes on payrolls Reuters UK Italian 10-year government bond yields climbed above their Spanish equivalent while the cost of insuring the country' debt against default climbed on Friday, as Italy was hammered by market concerns that the contagion of the euro zone's debt crisis ... See all stories on this topic »

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EUROZONE Debt Crisis News, Aug 05, 2011

How the eurozone debt crisis will affect us all The Guardian The eurozone debt crisis has resulted in the creation of the European Financial Stability Facility. Photograph: Fernando Alvarado/EPA Why did the euro crisis blow up this week? This crisis has been brewing since 21 July, when eurozone heads of state... See all stories on this topic » The Guardian

EU Commissioner Rehn's comments on debt crisis Reuters While the 21 July agreement is a milestone in our management of the sovereign-debt crisis, we have had difficulties in communicating the agreement to the markets. Such a comprehensive, detailed and technically complex agreement requires time to ... See all stories on this topic »

UK seeks concerted action on euro zone crisis Reuters "What we are communicating to our European counterparts is: 'You must deliver what you have promised,'" the source said, referring to the leaders' pledge to sort out the debt crisis. Hague said no country was immune from "global financial market ... See all stories on this topic »

Greece Demands Action on Debt Crisis Wall Street Journal "Provided these decisions are implemented in a timely and effective way, they will equip us with all those institutional and financial tools necessary for tackling swiftly the euro-zone public debt crisis." Last month, European leaders agreed to a ... See all stories on this topic »

Naming the Euro-Zone Debt Crisis Wall Street Journal (blog) By Frances Robinson “A rose by any other name would smell as sweet,” wrote Shakespeare; unfortunately for euro-zone policymakers, the government debt crisis smells anything but sweet as contagion fears push yields on Spanish and Italian bonds to record ... See all stories on this topic »

Gross Warns On Europe Crisis, Sees Value In Sovereign Debt -Bloomberg Radio Wall Street Journal In an interview with Bloomberg Radio, the bond guru said the sovereign debt crisis that has incapacitated Greece is now posing a real threat to Spain and Italy. If left unchecked, Gross said perhaps even France--the euro zone's second largest ... See all stories on this topic »

Italy's Intesa SP secures funding as crisis roils Reuters By Ian Simpson MILAN, Aug 5 (Reuters) - Italian bank Intesa Sanpaolo SpA has its wholesale funding covered through next year as it moves to protect itself from the euro zone debt crisis, the country's biggest retail bank said on Friday. ... See all stories on this topic »

GLOBAL MARKETS:European Stocks Slump On Euro-Zone Economic Fears Wall Street Journal Leaders of euro-zone nations started frantic phone talks Friday about the escalating debt crisis inEurope as financial markets continued to plunge on concerns that changes to the euro zone'srescue fund agreed to last month aren't enough to address ... See all stories on this topic »

China to continue supporting Europe despite crisis AFP BEIJING — China said on Friday it remains confident in the eurozone and will continue to support the currency, even as the region's deepening debt crisis threatens to engulf Italy and Spain. Foreign minister Yang Jiechi made the comments as markets... See all stories on this topic » AFP

Leaders seek to quell financial anxiety gripping globe CNN International (CNN) -- Financial anxiety gripped the globe Friday, as stock markets worldwide saw steep declines and intense volatility amid worries of a widening debt crisis in Europeand a stalling economic recovery in the United States. Stock market values fell ... See all stories on this topic » CNN International

ECB buying helps peripheral debt in volatile trade Reuters Both yields remained above 6 percent, underscoring investor concern over euro zone policymakers' failure to get to grips with a deepening sovereign debt crisis. Analysts were skeptical contacts between European leaders later in the day would be ... See all stories on this topic »

Debt crisis: Strong US job figures give markets boost Irish Independent Stock markets have been in turmoil for days on ongoing fears that the world will slide into a new recession and concern about the spread of the euro debt crisis to bigger countries like Spain and Italy. Britain's benchmark FTSE 100 index fell 3.2pc in ... See all stories on this topic » Irish Independent

World markets plunge amid worsening euro-crisis EUobserver.com The move did little to allay fears that the debt crisis could engulf the core eurozone, however. German chancellor Angela Merkel, French President Nicolas Sarkozy and Spanish Prime Minister Jose Luis Rodriguez Zapatero have also announced a snap ... See all stories on this topic »

Sarkozy to call Merkel, Zapatero, Baroin returns Reuters China and Japan called for cooperation as a fresh market rout signalled fear that Europe's debt crisis could spin out of control. Investors further slashed positions after the European Central Bank failed to include Italian and Spanish bonds in a ... See all stories on this topic »

S&P confirms Ireland's investment grade Reuters But as concerns mount over the capacity of euro zone policymakers to contain a spreading debt crisis, S&P also warned Ireland's debt sustainability could be damaged by any failure to restore growth to the struggling domestic economy, or slippage on ... See all stories on this topic »

Why is Italy now at center of Europe's debt crisis? CNN International "Euro area financial stability must be safeguarded." So what is behind the current crisis around theeuro zone's third-largest economy? And what could it mean for Europe and the world if it escalates? Domenico Lombardi, a senior fellow at the Brookings ... See all stories on this topic »

Which Way for the Euro? The Weekly Standard (blog) With the debt ceiling debate behind us, now might be a good time to get back to the biggest problem currently facing the world economy: the eurozone. While the European debt crisis may have slipped off Americans' radar screens in the past weeks, ... See all stories on this topic » The Weekly Standard (blog)

Stock Markets Plummet Amid Debt Crisis Fears in Eurozone Christian Post European Commission President, Jose Manuel Barroso warned that the sovereign debt crisis is spreading across Europe and has stated, "It is clear that we are no longer managing a crisis just in the euro-area periphery." Barroso also said that markets ... See all stories on this topic »

Bonds slip in volatile market as jobs data looms Reuters Some traders still saw support for Treasuries with uncertainty about Europe's debt crisis unlikely to be resolved any time soon, which could push benchmark yields even lower. "It doesn't necessarily mean that people sell a lot of Treasuries if we get a ... See all stories on this topic »

Hopes for European stockmarkets euronews But investors are still nervous about the growing debt crisis gripping the euro zone as well as the US, with the markets particularly shaken by the increasing cost of borrowing for the more debt-burdened economies of Italy and Spain. ... See all stories on this topic » euronews

Italy Seeks to Balance Budget by '13 as Berlusconi Speeds Up Fiscal Steps Bloomberg While yields on Italian and Spanish debt fell today, borrowing costs have surged since a July 21European Union summit aimed at heading off contagion from Europe's debt crisis to the euro zone's third- and fourth-largest economies. ... See all stories on this topic »

How default lines could hit homeloans Money Marketing The sovereign debt crisis gripping Europe and the US could hit confid-ence in the UK mortgage market and limit products available to borrowers. The troubles in Europe are already having an effect on Britain's mortgage market. Last week, Money Marketing ... See all stories on this topic »

EU under pressure to stem spiraling debt crisis Jerusalem Post ... on Friday to take decisive action to stem a spiraling debt crisis while robust US jobs data brought some relief to battered world markets. Fears of US recession and the spreading euro zone crisishas wiped $2.5 trillion off world stocks this week. ... See all stories on this topic »

Slovakia against bigger euro bailout funds - FinMin Reuters BRATISLAVA, Aug 5 (Reuters) - Boosting the size of European bailout funds is not the way forward for tackling the euro zone debt crisis, Slovak Finance Minister Ivan Miklos said on Friday, joining other euro zone states in rejecting calls from the ... See all stories on this topic »

Austrian official wants EU debt action, growth push Reuters VIENNA Aug 5 (Reuters) - A senior Austrian finance ministry official blamed a "speculative bandwagon" for fuelling the euro zone's debt crisis and called for a quicker policy response including a push to promote growth. ... See all stories on this topic »

EURO GOVT-Bund soars after equity sell-off, eyes EU meeting Reuters LONDON Aug 5 (Reuters) - German Bund futures soared on Friday as policymakers' inability to come to grips with the euro zone debt crisis prompted frantic selling of stocks in the United States and Asia overnight, with a meeting of EU officials expected ... See all stories on this topic »

Insight: Jaded traders ask "What, another crisis?" Reuters With the dollar, euro, pound and yen all dragged down by debt problems, traders joke about the "battle of the ugly currencies." In particular, those who trade the euro against the US dollar now have to weigh up a debt crisis in Europe and a debt crisis ... See all stories on this topic » Reuters

Global markets slump on eurozone debt and US recession fears — RT By RT The current turmoil over the eurozone debt crisis is not just affecting Europe, but has a global dimension and global repercussions, EU Economic Affairs Commissioner Olli Rehn stated. ...European Commission President Jose Manuel Barroso joined the fight to lift the region out of its financial pit, calling for expanding the EU bailout fund to help deal with the crushing debt borne by the major Euro-zone economies of Spain and Italy. ... News RSS : Today

Stock Markets Plummet Amid Eurozone Debt Fears, Christian News Debt crisis fears have extended to the heart of the Eurozone. Thursday saw the plunging of European stocks by more than 3 percent and the sharp drop has prompted fears of another global recession. ...European Commission President, Jose Manuel Barroso warned that the sovereign debt crisis is spreading across Europe and has stated, "It is clear that we are no longer managing a crisis just in the euro-area periphery." Barroso also said that markets "remain to be convinced ... Christianpost.com > Homepage

Greece Urges Swift Action On European Debt Crisis | Greece ... By Apostolos Papapostolou Prime Minister George Papandreou said Friday that Europe must act swiftly to address the continent's widening debt crisis, saying that the rout in global. ... “Provided these decisions are implemented in a timely and effective way, they will equip us with all those institutional and financial tools necessary for tackling swiftly the euro-zone public debt crisis.” Last month, European leaders agreed on a fresh EUR109 billion assistance package for Greece, ... Greece.GreekReporter.com Latest...

EU leaders to hold crisis talks, ECB offers only (Reuters) | Stock ... By Editor - Business News BRUSSELS/FRANKFURT (Reuters) – The leaders of Germany, France and Spain will hold crisistalks about Europe's spiraling debt crisis on Friday. ... French President Nicolas Sarkozy was to discuss the situation on euro zone financial markets with German Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodriguez Zapatero in separate telephone calls on Friday, his office said. Non-euro member Britain said it was in touch with euro zone leaders and the Group of ... Rocket News

Europe talks crisis prevention as markets plunge | Set You Free News By Mario A. European stocks tumbled over 3 percent to a 14-month low as investors worry about another recession in the United States and fears the eurozone debt crisis could spread to Italy and Spain.Europe's economic heavyweights France and ... Set You Free News

Italy increasing worry as euro crisis rages on – BusinessWeek ... By Google Inc. European stocks see biggest weekly fall since 2008Reuters How the eurozone debt crisis will affect us allThe Guardian Stocks continue slide despite upbeat US jobs dataForbes. BBC News -Christian Science Monitor -Bloomberg ... Wall Street Financial News

EU's Barroso Sounds Alarm Over Debt Crisis By RFE RL (RFE/RL) — The head of the European Commission has sounded the alarm over the eurozone's debt crisis, saying it's spreading beyond the region's periphery. The warning from Jose Manuel Barroso came in a letter to European Union leaders, ... Eurasia Review

Global Growth Concerns, Euro Zone Crisis Trigger Huge Sell-Off ... By edliston Concerns over double-dip recession and euro zone debt crisis triggered a huge sell-off in the global equity markets, with the Dow Jones losing more than 500. Stock Market News

NewsDaily: Insight: Jaded traders ask "What, another crisis?" By Marius Zaharia and Nia Williams But there is not the same buzz of anticipation in the FX market the way there was during the currency specific sterling crisis (in 1992). The atmosphere in the dealing room is different." PUNCH DRUNK FROM BAD NEWS ... In particular, those who trade the euro against the US dollar now have to weigh up a debt crisis in Europe and a debt crisis in the United States, with the additional complication that central banks in Asia and the Middle East are constantly looking to ... NewsDaily: Top Headlines

How European Money Woes Could Stall U.S. Economy | KOSU Radio By KOSU News How European Money Woes Could Stall U.S. Economy. Filed by KOSU News in World News. August 5, 2011. The nations belonging to the Euro currency zone have been struggling with a debt crisis for more than a year. ... How did this crisis come about? Lachman: The short version is that these countries just didn't play by the rules. The eurozone had strict rules about the size of public deficit and debt levels. Deficits aren't supposed to rise above 3 percent of GDP and debt ... KOSU Radio

Investors flee economic gloom, policy paralysis | New Middle East News By admin Worries the euro-zone debt crisis was spiraling out of control sent blue chip European stocks to levels not seen since markets recovered from the financial crisis in mid-2009. Italian equities pushed further into bear ... Intense selling this week reflects frustration with politicians to address pressing concerns over high public debt levels in Europe and the United States as large industrial economies show signs of running aground. The euro zone's blue chip Euro STOXX 50 ... New Middle East News

Merkel talks euro rescue with France and Spain - Germany's news in ... Barroso wrote to European leaders on Thursday calling for more money to be earmarked for the fund to stop a spreading of the eurozone debt crisis. Yet his suggestion was widely cited as one of the factors exacerbating fears of a ... The Local - Germany's news in English

Auction Private Shares News — Clearing and Settlement By admin MILAN/LONDON (Reuters) – Italy's borrowing costs soared at a closely-watched bond auction on Thursday as investors worried by the euro zone debt crisis and an impasse over the U.S. debt ceiling e … GLOBAL MARKETS-U.S. stocks slip ahead of debt ... Spain markets slump, ECB fails to halt debt concerns. MADRID : Spain 's debt risk premium surged anew and stocks plummeted Thursday as the European Central Bank appeared unable to halt a widening eurozone debt crisis. Share It ... Clearing and Settlement — Clearing...

Debt Crisis: The euro zone is mobilized to extinguish the fire in ... Debt Crisis: The euro zone is mobilized to extinguish the fire in the markets ... of contagion from the debt crisis, EU leaders have no choice but to try to ... www.stock-market-today.cc/.../Debt-Crisis--The-euro-zone-is-...

Eurozone debt crisis spreads to Italy and Spain - Newstalk.ie Eurozone debt crisis spreads to Italy and Spain. August 3rd, 2011, 9:00 am. View comments · Tweet. It is feared new and bigger euro area bailouts may soon ... ec2-46-137-108-25.eu-west-1.compute.amazonaws.com/.../6e...

Bogged down debt crisis in Europe the euro losing ground | Forex News debt crisis clouded the euro rally is bound to end. despite the introduction of 21 summit of EUleaders vow to save a number of measures to Greece, ... www.forex-news.co/bogged-down-debt-crisis-in-europe-the-e...

Debt crisis hits heart of eurozone, ECB extends lifeline ... Debt crisis hits heart of eurozone, ECB extends lifeline - Economic Times ... Heat on Spanish and Italian bondsFinancial TimesEURO GOVT-Investors snub ECB ... Published By: Google NewsBusiness - Yesterday. New in last 15 minutes; Vote! ... thunderfeeds.com/.../debt-crisis-hits-heart-of-eurozone-ecb-ext...

'UK not immune to eurozone debt crisis' - Karameloo News U.K. Karameloo News U.K. - Latest World News and UK News Headlines. ... U.S. debt: Investors take refuge in UK as euro crisis deepens with fears for Italy and ... news.karameloo.com/.../uk-not-immune-to-eurozone-debt-cris...

Eurozone debt crisis is back with a vengeance | Marketplace From ... With the U.S.'s debt ceiling dilemma now behind us, the Eurozone returns to the ... NEWS & ENTERTAINMENT PROGRAMS; American RadioWorks Award winning documentaries ... theEurozone debt crisis moves once more into the breach. ... Holger Schmieding: The Euro is seen as the ultimate achievement of 60 years of European ... marketplace.publicradio.org/.../pm-eurozone-debt-crisis-is-bac...

Euro Zone Debt Crisis - Markets to Keep Pressure on Italy; ECB ... The discussion over the U.S. debt ceiling has been a rollercoaster, ... No US Bottom WithoutEurope Resolution · Unemployment is 'Weighing on Consumer ... to quality as investors realize theeuro zone's debt crisis is not going away ... There was no particular news that triggered investor worries, rather the slow ... www.cnbc.com/.../Markets_to_Keep_Pressure_on_Italy_ECB_...

No headway in Italy-EU talks as debt crisis deepen... - Silobreaker No headway in Italy-EU talks as debt crisis deepens. ... as Italy and Spain risk being swamped by the euro zone debt crisis. .... Mixed news from the Eurozone [ Published May 13 2011 by The Coffee House | Politics and News Discussion . ... www.silobreaker.com/no-headway-in-italyeu-talks-as-debt-cris...

Debt crisis hits heart of eurozone, ECB extends lifeline - Related ... The European Union said the debt crisis is now striking at the heart of the ... Facebook Read the original newsTwitter 0 vote(s) Comment Save this news. The logo of the European currency Eurostands in front of the European Central Bank ... en.baomoi.com/Info/Debt-crisis-hits-heart.../169440.epi

Debt crisis hits heart of eurozone, ECB ... - Share Trading News BRUSSELS: The European Union warned the debt crisis is now striking at the heart of theeurozone and the central bank threw out lifelines on Thursday, ... sharetradingnews.net/debt-crisis-hits-heart-of...ecb.../6582

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