"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Monday, September 12, 2011

Greece Default Fears Keep Pressure On Euro

FOREX WEEK AHEAD: Greece Default Fears Keep Pressure On The Euro
Wall Street Journal
Greece is not the only country with debt problems, as fears of contagion to peripheral countries including Italy, Spain, Portugal and Ireland are also rising. The cost to insure the debt of Greece and its neighbors is moving in tandem. ...
World Bank: Fiscal crisis jeopardized Palestinian statehood
Jerusalem Post
By TOVAH LAZAROFF Low economic growth and lower than expected donor assistance have resulted in an acute financial crisis, World Bank says; only fraction of desired $1.4 billion donor support has been raised. A fiscal crisis has jeopardized Palestinian ...
Papandreou OKs Taxes, Cuts to Dodge Default
Bloomberg
By Natalie Weeks and Maria Petrakis - Sun Sep 11 21:00:00 GMT 2011 Prime Minister George Papandreou, vowing to avoid a default and keep Greece in the euro, approved new measures to help plug a yawning budget gap as resistance builds at home and in ...
Merkel allies break taboo with Greek default talk
Reuters
By Madeline Chambers BERLIN (Reuters) - Senior politicians in German Chancellor Angela Merkel's center-right coalition have started talking openly about a Greek default, reflecting mounting concern in Europe's biggest economy about the debt crisis and ...
Aust bonds firmer on risk aversion
Sydney Morning Herald
The Australian bond market opened firmer on Monday, after risk appetite was curbed by ongoing anxiety in the Eurozone surrounding Greece's bailout and potential default. At 0900 AEST on Monday, the September 10-year bond futures contract was trading at ...
Australian, New Zealand Dollars Drop to 3-Week Low on Greek Default Risk
Bloomberg
By Mariko Ishikawa and Monami Yui - Sun Sep 11 23:33:24 GMT 2011 The Australian dollar dropped to the lowest in almost three weeks against its US counterpart as concern Greece may default prompted investors to sell higher- yielding assets. ...
Markets Weak Overnight On Greek Default Fear. |September 12, 2011.
International Business Times
By Rupert Kain | September 11, 2011 11:19 PM GMT The Australian equity market is set for a weak start to the week aft US stocks suffered heavy losses on Friday night due to fresh worries of a Greek default, the surprise resignation of a European ...
Australia Bond Risk Rises to Highest Since 2009 on Greece Default Concerns
Bloomberg
By Sarah McDonald - Sun Sep 11 23:04:35 GMT 2011 The cost of insuring Australian corporate bonds from default surged the most in more than a year as speculation Germany is preparing for a Greek default spurred turmoil in financial markets worldwide. ...
Some Quick Thoughts On Greece's Potential Default
Business Insider
But beyond that, perhaps a Greek default is manageable because it's a relatively small economy? Well, I think anyone who claim that he/she has any idea what will happen, he/she is lying. Will there be contagion to other peripheral countries? ...
European default fears shake investors
The National
"There are fears of default, and our markets are strongly correlated, interest has subsided and liquidity is drying up." European markets dropped last week, with the Stoxx 600 Europe Index down 3.7 per cent after the German chancellor Angela Merkel's ...
The global financial crisis, not 9/11, has defined the last decade
Left Foot Forward
This is not to downplay the significance of that tragic day or attempt to argue it didn't change the world. 9/11 marked the moment the USA realised it was no longer invincible, nor immune to problems elsewhere. Prior to the attack, ...
Remembering 9/11: Lessons For Today's Financial Crisis
Seeking Alpha
In other words, if a country declares default, it could end up taking many banks down with it. And this is where contagion quickly ensues. The most straightforward measure of a bank's financial strength is its stock price, as it essentially serves as a ...
9/11 A DECADE LATER From 9/11 to financial crisis — a vulnerable decade
Chicago Tribune
Then came the financial crisis, and people felt a different loss. They weren't worried about dying; they were afraid of being penniless. So I was intrigued by research from Standard & Poor's analyst Sam Stovall. It takes us through a journey that ...
No need for global relief, says Nawaz
Pakistan Daily Times
“We are going through financial crisis but the situation is not so grave that we bow down before the international community and seek aid for resolving internal issues,” he told a questioner. “We have ample resources. We don't need any foreign aid. ...
Power cos Power Finance, REC, Essar, Tata Power and Reliance Power may default ...
Economic Times
Industry officials say that assuming a capital cost of 5 crore per mw, the aggregate default to the banking sector could be Rs 135618 crore, or 46% of the current banking exposure to the sector. The survey shows that about 21300 mw of electricity ...
TribLive: Cruz on the Debt Ceiling Debate
Texas Tribune
At our latest TribLive conversation, US Senate candidate Ted Cruz talked about the debt ceiling debate — why he would have voted no and why the threat of default was political theater.
Credit ratings agencies come under the microscope
Financial Times
By comparison, the risk of default for Italian and Greek debt is about 7.5 and 19 per cent, respectively. What improvements could be made to the rating agencies? Since the financial crisis of 2008, CFA Institute has advocated greater accountability and ...
Oklahoman business column: 2008 financial crisis provides serious lesson
NewsOK.com
During the 2008 financial crisis, the US government intervened to try to protect the economy from a calamity. But what will happen if the US government is powerless to intervene? Have we learned from our mistakes? Typically, when a community ...
Greek 'Orderly' Default Can't Be Ruled Out, Roesler Tells Welt
Bloomberg
By Andreas Cremer - Sun Sep 11 14:18:24 GMT 2011 An “orderly insolvency” for Greece must not be ruled out for the sake of stabilizing the euro, Die Welt reported, citing German Economy Minister Philipp Roesler. “To stabilize the euro there must be no ...
Forex: Euro's downward slope continues
NASDAQ
FXstreet.com (Barcelona) - The Euro remains the sole focus of attention amongst investors as the fears of a Greek default return. Meanwhile, the Yen is enjoying another run higher, after the G7 meeting left clear the fate of the currency will be ...
Bollard expected to hold interest rates
TVNZ
Since then the global outlook has worsened, thanks to Europe's sovereign debt crisis and America's near-default and credit rating downgrade. "The near-term global outlook has taken a nasty turn, as fears of sovereign debt default have spilled over into ...
PREPARING FOR A CREDIT CRISIS | PRAGMATIC CAPITALISM
By John Mauldin
The markets are pricing in an almost 100% certainty of a Greek default (OK, actually 91%), and the rumors in trading circles of a default this weekend by Greece are rampant. Bloomberg (and everyone else) reported that Germany is making ...
PRAGMATIC CAPITALISM
Engaging With Strategy after the Financial Crisis — The Harvard ...
By Jeffrey Stein, King & Spalding LLP,
Engaging With Strategy after the Financial Crisis - The Harvard Law School Forum on Corporate Governance and Financial Regulation - A law and economics blog from the Harvard Law School Program on Corporate Governance that gathers ...
The Harvard Law School Forum...
Greek default looking increasingly likely | ForexLive
IMHO Bloomberg and some main media really are happy about Greece default by pumping speculative and wrong information. Greece wont default. EFSC is flexible enough to withstand any problems in the eurozone. Greece must implement ...
ForexLive
Germany: Orderly Default Of Greece Is On The Table
By Zarathustra
Orderly default of Greece is now on the table for Germany. Finally, Germany might be giving up and to face the reality that Greece's situation is unbearable.
Also sprach Analyst
Rumors of a Greek Default / French banks to be downgraded - Wall ...
Saturday, September 10, 2011 Greece Update by CalculatedRisk on 9/10/2011 06:25:00 PM There was a rumor on Friday that Greece would default this we...
The Wall Street Examiner
German Economy Minister: "Greek Default Can't Be Ruled Out" And ...
German Economy Minister: "Greek Default Can't Be Ruled Out" And "We Need A Bankruptcy Procedure For Countries". Share. From: Zero Hedge. 12:33pm - September 11, 2011. Greece may not file for bankruptcy this weekend... But its time is ...
eWallstreeter
NZ stocks fall on Greek default speculation | Stuff.co.nz
By Jason Krupp
New Zealand stocks fell in the morning session, with the share market taking its lead from weaker global equities which fell sharply amid reports that Germany is bracing its financial system for a Greek default.
Stuff.co.nz - Business
Greece on verge of default as doubt grows over €8bn bailout ...
By Suzan
Despite strong denials that the country is heading for a default, rumours have grown that the end game is approaching. Wolfgang Schäuble, the German finance minister, has insisted that a sixth, €8bn (£6.8bn) instalment of aid will not be ...
Women Born Transsexual
How to fix Europe's Financial Crisis | Ian Welsh
By Ian Welsh
How to fix Europe's Financial Crisis. 2011 September 11. by Ian Welsh. It's not complicated. It's just unthinkable. 1) Let the banks go under if they're bankrupt. Make their private owners take the losses. 2) Refloat the banks, this will cost a TON ...
Ian Welsh

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