| ||
| ||
Italy must not ignore default risk: Intesa CEO Reuters ROME (Reuters) - Italy cannot rule out the risk of default though it can weather the crisis if its economy returns to growth, the head of Italy's largest retail bank Intesa Sanpaolo was quoted by Italian news agencies as saying on Sunday. ... | ||
Default protection: Collateral management grows in strength Financial Times The real dangers of counterparty default and credit risk were exposed during the dog days of the financial crisis, most brutally through the collapse of Lehman Brothers in late 2008. As a result, institutions ranging from asset managers to corporates, ... | ||
Greek default fears accelerate as EU finmin end talks FXstreet.com by Ivan Delgado Egea - FXstreet.com | View company's profile The lack of progress at the EZ FinMin meetings over the weekend has forced Euro bulls to bail themselves out of long positions as a Greekdefault scenario looms ever nearer. ... | ||
| ||
| ||
Brazilian President Blames US Financial Crisis on Obama's Lack of Political Will Brazzil Magazine Farmers admitted to Mujica they fear a contagion of farm policies applied by President Cristina Fernandez in Argentina and pointed out that the extraordinary development of Uruguayan agriculture in the last decade has been in the framework of serious ... | ||
High default rate on loans plagues city The State The charts list nine of the 30 loans, some of which were made through a loan program funded by city tax dollars, as being in default. Borrowers have defaulted on nine of 30 commercial loans made by the city of Columbia. The department that oversees the ... | ||
The 2008-2009 Global Financial Crisis: Lessons for Country Vulnerability EconoMonitor (blog) When the Global Financial Crisis hit ten years later, it was bad news for everyone, except that it was good news for econometricians: we could observe which countries got hit badly by this common external shock in 2008-09 and which did not, ... | ||
| ||
SC city tries to get handle on default rate The State AP COLUMBIA, SC — Almost one-third of the commercial borrowers who got publicly funded loans from the city of Columbia have defaulted, and city officials say they're investigating whether the loans can be restructured to make them more affordable. ... | ||
Greek PM calls meeting about financial crisis Focus News Athens. Greek Prime Minister Georgios Papandreau calls a ministerial meeting for Sunday afternoon to discuss the country and eurozone's financial health, AFP reported, citing the prime minister's office. On Saturday Papandreau canceled his departure ... | ||
Running on Empty: Scranton searches for answers to fiscal crisis Scranton Times-Tribune Councilman Bob McGoff said it is possible the city could default on the 2011 tax-anticipation note payment, not be able to acquire a note for 2012 and even land in bankruptcy. Mr. McGoff, who had attended a weekly meeting with city officials and PEL, ... | ||
Bernanke, Europe hold key to rally Reuters US Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee hearing on Enhanced Oversight After the Financial Crisis: The Wall Street Reform Act at One Year on Capitol Hill in Washington, July 21, ... | ||
Suddenly disapproving of what was 'a significant step forward' phillyBurbs.com Just six weeks ago, Reed and 173 other House Republicans voted in favor of a deal to raise the debt limit and avoid default. Reed called it “a significant step forward” at the time. But on Wednesday, Reed sponsored a “disapproval resolution” on the ... | ||
Forex: EUR/USD remains below 1.3700, Greek default further priced in NASDAQ "Greece war against the default continues losing battles and investors run away from the common currency, that found support in early interbank trading at 1.3680, 23.6% retracement of last 2 weeks' fall" commented Valeria Bednarik, Chief Analyst at ... | ||
Euro Bulls Capitulate After Trichet Comments Bloomberg The Markit iTraxx SovX Western Europe Index of credit- default swaps tied to 15 governments rose as high as 354.5 basis points on Sept. 12 before ending the week at 323.6. The index has risen from this year's low of 157.4 on April 8, ... | ||
| ||
International Forecaster September 2011 (#5) - Gold, Silver, Economy + More Gold Seek As you can see the Greek default will open up a Pandora's Box of problems for banks and for sovereign countries as contagion takes hold. We have seen as a result that the Swiss National Bank has linked its currency, the franc, to the plunging euro, ... | ||
All Roads Lead to Asia Manila Bulletin By TRICIA V. MORENTE MANILA, Philippines — Any belief that the Asia Pacific region was going to be de-coupled from the rest of the world as the global financial crisis hit was amiss. Everything fell in almost perfect harmony, with no one in the world ... | ||
Economists Back Euro Bonds to Stabilize Monetary System Wall Street Journal By PAUL HANNON LONDON—A group of leading economists on Monday backed the issuance of euro bonds, not as a way of resolving the currency area's fiscal crisis, but as way of making the global monetary system more stable. In a report published by the ... | ||
When titans fall Philippine Star This table shows how a PIIGS contagion scenario, which may trigger writedowns on the PIIGS exposure of banks, can have detrimental effects to bank capital and the GDP of the two biggest and healthiest EU nations. Given this, it seems that the French ... | ||
| ||
| ||
BERLIN: No new plans come out of 2-day financial summit TheNewsTribune.com Meanwhile, Greece's prime minister, George Papandreou, canceled his trip to the US because of the gravity of his country's financial crisis, officials said Saturday. In Berlin, the officials discussed but failed to agree on a proposal to tax financial ... | ||
| ||
Danish Property Market May See Correction Amid 25% Overvaluation Bloomberg By Frances Schwartzkopff - Sun Sep 18 22:01:00 GMT 2011 Denmark's property market may be facing another correction after a housing boom that turned to bust at the height of the financial crisisfailed to push prices low enough to entice buyers. ... | ||
Allowing Underwater Borrowers to Refinance Could Improve Investors' Sharpe Ratio Wall Street Pit Assume that the probability that any one borrower will default in any one month is .2 percent, and that the cost of default to the lender conditional on default is 50 percent. Assume that at the end of five years, any remaining long balance is paid ... | ||
Asia fares worst in world trade downturn The Australian The IMF has been working on global interconnectedness through both trade and finance channels and believes financial flows were the prime means of contagion during the global financial crisis. But trade is very important, particularly to Asia. ... | ||
Upcoming policy sessions a chance to reignite consumer and business confidence CTV.ca For the second time in less than a month, a confluence of events is offering the world's leading policy makers the opportunity to rediscover the unity that helped them end the financial crisis. President Barack Obama is set Monday to present a ... | ||
Sovereigns Beating Companies By Most Since '08: Australia Credit Bloomberg By Candice Zachariahs and Sarah McDonald - Sun Sep 18 14:00:01 GMT 2011 Australian government bonds are poised to beat the nation's corporate notes this quarter by the most since 2008 as concern Europe's fiscal crisis will undermine global growth spurs ... | ||
Proof German's Hate Bailing Out the PIIGS By Robert Wenzel More Proof German's Hate Bailing Out the PIIGS. Germany's centre-left Social Democrats beat Angela Merkel's conservatives in a regional election in the city-state of Berlin on Sunday, handing the chancellor her sixth defeat in seven elections ... EconomicPolicyJournal.com | ||
Troika asks Greece to Cut 100K jobs – Will Greece Refuse and ... By Yohay There are 15 painful reasons why Greek Prime Minister cut short his trip to the US. The EU / ECB / IMF troika listed 15 fresh demands, including a cut of 100000 jobs in the next few years. The Greek government is reportedly meeting before ... Forex Crunch |
Monday, September 19, 2011
Sliding toward financial crisis
