 Reuters Italian banks almost doubled their borrowing from the Bank of Italy to 80.5 billion in July as worries grew that the region's debt crisis was set to engulf the euro zone's third largest economy, central bank data showed. Investors were expected to ... See all stories on this topic » | ||
| UK's Osborne calls for Europe to pull together Reuters ... the eurozone debt crisis, British finance minister George Osborne said in an editorial article in the Daily Telegraph on Monday. Osborne said that the future of the euro is in jeopardy and the debt crisis threatens to undermine the single currency, ... See all stories on this topic » | ||
| EU rescue fund can be added to if need be-French finmin Reuters The ECB said on Sunday it would "actively implement" its controversial bond-buying programme to fight the euro zone's debt crisis, signalling -- without mentioning those countries by name -- that it will buy Spanish and Italian government bonds to halt ... See all stories on this topic » | ||
| No One Told the Post About the Euro Zone Crisis Business Insider How else can one explain the fact that it explains the movement of markets over the weekend only in reference to S&P's downgrade of US debt and completely ignores the debt crisis in Europe that could lead to the collapse of the euro. ... See all stories on this topic » | ||
| Irish Finance Minister: Italy, Spain Out Of Bailout Danger Wall Street Journal Noonan also told Irish broadcaster RTE Radio he "favored" prompting a discussion with his fellowEuropean Union finance ministers about the possibility of issuing euro bonds for the single currency area as a way of resolving Europe's debt crisis. ... See all stories on this topic » | ||
| EU accused of being 'out of touch' over eurozone crisis TheParliament.com ... the UK-based think tank, Open Europe, which campaigns for reform of the EU, has pitched into the debate, warning that fears over the viability of the euro are likely to continue. A spokesman, Raoul Ruparel said, "Fears over the eurozone debt crisis ... See all stories on this topic » | ||
| Eurozone woes show social model unaffordable: Czech minister Reuters PRAGUE (Reuters) - The euro zone debt crisis shows the bloc's social model is unaffordable, Czech Finance Minister Miroslav Kalousek said on Monday. Kalousek said the center-right Czech government will push ahead with planned fiscal consolidation as a ... See all stories on this topic » | ||
| Slovak party threatens to derail EU bailout deal Reuters His objections could hamper the quick implementation of the deal called for by both German and French leaders and the European Central Bank to stem the deepening debt crisis. The ECB started buying Italian and Spanish debt on Monday to stabilize ... See all stories on this topic » | ||
| Sarkozy and Merkel Stress Commitment to Bailout Moves Wall Street Journal Both were aimed at quelling the crisis surrounding the euro zone, which in recent days has increasingly engulfed Italy and Spain, the currency area's third- and fourth-biggest economies. World leaders also fear steep losses in financial markets Monday ... See all stories on this topic » | ||
| ECB Buys Italy, Spain Bonds, Easing Fears Wall Street Journal Officials were unwilling to commit to wider purchases at the time, wanting assurances from Italy and Spain that they would accelerate austerity and reform measures, and from other euro-zonegovernments that Europe's crisis fund would be able buy bonds ... See all stories on this topic » | ||
| Analysis: Merkel's room for maneuver on euro crisis narrows Reuters But they did make clear that the enhanced fund would take over the role of bond-buyer of last resort if the central bank agreed to set aside its concerns about debt purchases temporarily and step in to stem the crisis. Just weeks ago, Merkel's advisers ... See all stories on this topic » | ||
| FTSE down as debt crisis sparks fresh growth fears Reuters The European Central Bank on Monday bought Spanish and Italian bonds to halt contagion from thedebt crisis in the peripheral euro zone nations, but that only briefly delayed a sell-off from a cut in the US credit rating by Standard & Poor's after the ... See all stories on this topic » | ||
| Euro, Dollar in 'Ugly Contest' as Debt Crisis Deepens CNBC.com "I think what we will see there is that over time, investors will find that buying the euro against the dollar is not the best idea,” he added But others believe the euro zone is better placed than the US in its ability to tackle debt. ... See all stories on this topic » | ||
| FOREX-Euro falls on debt woes; dollar down vs franc, yen Reuters That helped lift the euro to a high above $1.44 earlier. See [ID:nL6E7J704K] But the ECB purchases did little to alleviate concerns that the euro zone's debt crisis is spreading to core countries. Nervousness in global financial markets after Standard ... See all stories on this topic » | ||
| Selloff intensifies, Dow down 500 CNNMoney European debt crisis: The European Central Bank signaled in a statement Sunday that it was ready to begin buying Italian and Spanish government bonds -- stepping up its efforts to slow the rising panic over the eurozone's debt crisis. ... See all stories on this topic » | ||
| Renewed crisis could drag Ireland under -finmin Reuters DUBLIN Aug 8 (Reuters) - The deepening European debt crisis and spluttering US growth risk dragging Ireland back into crisis, Finance Minister Michael Noonan said on Monday. Investors have warmed to Ireland in recent weeks due to its progress in ... See all stories on this topic » | ||
| Which is the No 1 problem economy in Europe? The Guardian When a borrowing crisis comes along, it's better to be the bank than the debtor, which is why Germany (like China, which has played a similar game) is so lauded now. But if the eurozone crisisis to be sorted out, continental governments need to ... See all stories on this topic » | ||
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| G7, European leaders hold emergency talks on debt crisis Toronto Star That shock followed increasing disarray in European efforts to keep the debt crisis on the continent from spreading to Italy and Spain. After a rare Sunday meeting to discuss the emergency, central banks in Europe decided to intervene decisively on ... See all stories on this topic » | ||
| Pound Rises, Gilt Yields Slip as U.K. Seen Shielded From Crisis Bloomberg “The debt crisis has helped drive gilt yields down quite a lot because the UK has been seen as a safe haven to the situation in the euro zone,” said Elisabeth Afseth, a fixed- income analyst at Evolution Securities Ltd. in London. ... See all stories on this topic » | ||
| Euro zone investors gloomiest for nearly 2 years: Sentix Reuters By Sarah Marsh BERLIN (Reuters) - Euro zone investor sentiment plummeted going into August, hitting its lowest level since September 2009 amid concerns global policymakers lack the tools to respond effectively to a deepening economic crisis, ... See all stories on this topic » | ||
| ANALYSIS: Eurobonds, Mr. Euro next weapons in EU's crisis arsenal Monsters and Critics.com 'European leaders have got to stop making quick fix-it solutions to the very serious debt crisis ... Only a federal solution can provide the union with the effective tools it requires,' European lawmaker and former Belgian premier Guy Verhofstadt ... See all stories on this topic » | ||
| G-7 Pledges Coordinated Steps To Calm Financial Markets Wall Street Journal Some analysts said concerns about the euro-zone debt crisis and the possibility of a global economic downturn were supporting Treasurys, despite the S&P downgrade. S&P late Friday cut the US government debt rating to AA+ with a negative outlook from ... See all stories on this topic » | ||
| Debt Downgrade Weakens US Stature Abroad NPR The worries about US debt are exacerbating a crisis in the euro zone that has led to multiple bailouts of weaker economies such as Greece. "The American downgrade has had an immediate effect on the Europeans," says Thomas Kleine-Brockhoff, ... See all stories on this topic » | ||
| Recession 2011: US, Europe debt crisis creates ripples in Indian export circles Economic Times On Friday, ratings agency Standard and Poor's (S&P) downgraded US' long-term debt to AA+, causing a rout in world markets and bolstering widespread belief that another recession was setting in. There are also fears that the Euro zone debt crisis is ... See all stories on this topic » | ||
| Early stock market gains reversed as euro debt fears continue MyFinances.co.uk Stock markets around the world fell heavily as trading commenced today amid fears of a global economic slowdown led by the eurozone debt crisis and fears over the US economy. Stock markets in Europe have had early gains reversed today as the effect of ... See all stories on this topic » | ||
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| Risk On / Risk Off Business News Network (blog) Instead, it might be more useful to liken the European debt crisis to the famously slow lava flows from Sicily's Mt.Etna, which move at much less than walking speed, but destroy everything in their path nonetheless. Now picture the European Union as a ... See all stories on this topic » | ||
| Central bank action eases Europe's crisis, for now Beaver County Times The European Central Bank's decision to take the lead in fighting Europe's debt crisis pushed down the borrowing costs of both Spain and Italy, but analysts warned about the risks of taking on the debts of the two shaky sovereigns. ... See all stories on this topic » | ||
| Slouching Toward a Double Dip, For No Good Reason Wall Street Pit Meanwhile, some lazy (or misinformed) commentators are linking our faux debt crisis to Europe'sreal one. But the two are entirely different. Several European nations don't have enough money to repay what they owe their lenders, or even pay the ... See all stories on this topic » | ||
| Wonkbook: Can policymakers respond to the latest round of bad news? Washington Post (blog) The reluctant decision by the ECB underscored the gravity of a crisis that some fear could lead to a messy breakup of the euro zone if not quickly contained, and which has gathered fresh urgency following the downgrading of US debt by Standard & Poors. ... See all stories on this topic » | ||
| The paper clip: 8 August European Voice It writes that increasing worries over the eurozone's debt crisis re driving investors away from the markets. However, the intervention by the ECB appears to have helped Italian and Spanish bonds in the markets, according to Financial Times Deutschland ... See all stories on this topic » | ||
| Euro zone parliaments... EurActiv "The credibility of the eurozone is at stake so this work must be done as soon as possible," he told Expatica. At a 21 July euro zone summit, called amid signs that Europe's sovereign debt crisiswas spreading to the euro zone's third and fourth ... See all stories on this topic » | ||
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| World leaders search for response to U.S.-Euro debt crisis | The ... By Agence France-Presse World leaders searched Sunday for answers to a global debt crisis, hoping to head off a massacre on markets spooked by an unprecedented US rating downgrade and Europe's swelling malaise. France and Germany called for full implementation of measures agreed at a eurozone summit in July to safeguard the single currency as markets braced for fresh turmoil this week. "President (Nicolas) Sarkozy and Chancellor (Angela) Merkel reiterate their commitment to fully implement the ... The Raw Story |
| Europe's debt crisis: The ECB presses "pause" on the crisis | The ... That is, at reasonable, positive interest rates, the Spanish and Italian governments could be expected to service their debts in perpetuity. Crisis elsewhere in Europe led markets to lose confidence in this assessment, however, ... This crisis isn't going away, after all. The price for new bond purchases is a more aggressive Italian fiscal consolidation. The Italian economy is already flirting with a return to recession in a euro zone where money is far too tight. ... Free exchange |
| Eurozone scrambles to calm investors - The Local - Germany's news ... Germany and other world economic powers scrambled late on Sunday to shore up confidence in global financial markets with pledges to do whatever was necessary to protect the euro currency and stem the debt crisis. ... Eurozone debt markets will be focused on any purchases of bonds issued by Italy and Spain, the third- and fourth-biggest eurozone economies, for signs of ECB activity. The central bank itself never identifies which bonds it buys. To add to the turmoil, ... The Local - Germany's news in English |
| ECB Buys Euro | Live Stock Trading News | Equities, Forex, Gold ... By Shayne Heffernan The European Central Bank (ECB) held a conference call late Sunday ahead of the market opening, pledging the ECB will step in to buy eurozone bonds with efforts to forestall the EuroZone's debt crisis from spreading. ... Live Stock Trading News | Equities,... |
| ECB says it will 'actively buy' eurozone bonds - timesofmalta.com By AFP Whatever they do they are not going to save the euro and the eu. They are going to collapse like a house of cards. We had better get out before they bury us under their rubble. Have a look at today'snews on http://eupettydictators.webs.com /links4.htm ... Sean O'Grady: We are moving inexorably towards more euro bailouts http://www.guardian.co.uk/business/2011/aug/08/stock-market-turmoil-us-downgrade-eurozone-crisis. Debt crisis sends financial markets into turmoil - live ... timesofmalta.com |
| European Central Bank Intervenes to End Contagion in Euro Debt Crisis By David Dayen A discussion between the world's leading finance ministers focused more on Europe than S&P. Thedebt crisis there led to a Sunday night bailout (Sunday is the new Monday again, as Calculated Risk tells us) from the European Central Bank ... Until the EU does something about Moody's they will fail. reply Login to Reply · bigbrother August 8th, 2011 at 9:20 am. 6. In response to yellowsnapdragon @ 3. The satellite countries of Euro Zone are tied to the Euro and cannot print ... Firedoglake |
| NewsDaily: ECB says will "actively implement" bond-buying By Sarah Marsh and Paul Taylor The European Central Bank said on Sunday it would "actively implement" its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion. ... Critics say the intervention brought only temporary relief on bond markets and did not save any of those countries from having to seek EU/IMF bailouts. Stabilizing Italian and Spanish bond prices would require far more massive ... NewsDaily: Top Headlines |
| Gold bullion at all time highs after s&p ... - China Business News By CBN U.S. assets fell sharply in early electronic trading in response to the downgrade, while the euro rose on expectations of further bond purchases by the European Central Bank to deal with the euro zone's debt crisis. But Treasury Secretary Timothy Geithner ... “Whilst we don't get that lead from the States, we've still got concerns in Europe and the markets are quite happy to take it on, and I think that's generally what we are seeing. I think that G7 can't do much about ... China business news |
| Debt Downgrade Weakens U.S. Stature Abroad | KOSU Radio By KOSU News The worries about U.S. debt are exacerbating a crisis in the euro zone that has led to multiple bailouts of weaker economies such as Greece. “The American downgrade has had an immediate effect on the Europeans,” says Thomas ... Leaders and markets in both Europe and Asia are now nervous that the U.S. will not take the steps necessary to put its fiscal house back in order. China's official news agency said Saturday that the United States must “cure its addiction to debt. ... KOSU Radio |
| Forex – GBP/USD Erases Gains As EU Debt, US Downgrade Weigh By Forexpros Forexpros – The pound erased gains against the U.S. dollar on Monday, pulling back from a one-week high as an historic downgrade of the U.S. debt rating and fears over sovereign debt contagion in the euro zone weighed on risk appetite.<br / ><br />GBP/USD pulled back ... <br /><br />However, the news failed to ease fears over the risk that the euro zone&rsquo;s debt crisis could spill over to the region&rsquo;s third and fourth largest economies.<br /><br />U.K. Chancellor ... DailyMarkets.com |
| DOLLAR AND EURO COLLAPSE COULD BE ONLY WEEKS AWAY, SAYS AUSTRIAN ... By Jane Burgermeister GERMAN PEOPLE AND PARLIAMENT CONTINUE TO VIGOROUSLY RESIST TRANSFER UNION AND DEBT SLAVERY. *BREAK UP OF EUROZONE INTO MORE MANAGEABLE PARTS DISCUSSED AS AN OPTION EVEN BY MAINSTREAM MEDIA. *DEBT CRISIS ESCALATES ASEUROZONE'S THIRD ... Case About Bird Flu |
| Europe stocks extend slide after U.S. downgrade — Clearing and ... By RSS Feed bonds to halt contagion from the euro zone debt crisis limited the damage in peripheral markets, with Spain's IBEX up 0.6 percent and Italy's FTSE MIB up 0.3 percent. The Thomson Reuters PeripheralEurozone Banks index ... Clearing and Settlement — Clearing... |
| Euro Debt Crisis positive for Turkey Property Investment | Select ... By Max Bielby The Euro zone sovereign debt crisis has severely affected the confidence of investors and while there is extraordinary value now on offer across Europe in countries like Spain, prospective property buyers have looked further a field for ... Select Property |
| Investor fear drowns ECB, G7 pledges : Ghana Business News By emma Fear gripped Asian markets on Monday as the fallout from the historic downgrade of the U.S. debt rating drowned out pledges of assistance from Europe's central bank and soothing words from the Group of Seven. Facing the unknown investors ran to gold, ... And investors in Asia paid only brief heed to a surprise statement from the European Central Bank (ECB) that it would “actively implement” its controversial bond-buying program to fight the euro zone's debt crisis. ... Ghana Business News |
| Global policymakers discuss debt crisis, market turmoil - Business ... EURO ZONE CRISIS. The most immediate concern for financial markets was ... news agency said in a commentary that scorned America for its "debt addiction." ... www.msnbc.msn.com/.../global-policymakers-discuss-debt-cri... |
| Italy's Tremonti tackles debt crisis with eurozone's Juncker ... Italy's Tremonti tackles debt crisis with eurozone's Juncker. 03 August 2011 | 06:00 | FOCUSNews Agency. Home / World. Luxembourg. Italy's finance minister ... focus-fen.net/index.php?id=n256272 |
